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Build Your Dream House by the Ocean in Montauk

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This tiny fisherman's cottage is a teardown, although that orange Formica deserves to be in a 70s museum somewhere. (Also, save those super-kitschy lighthouse valances.) There is 0.12 of an acre of land about 500 feet from deeded ocean access. Price is $695K, which was pricechopped $200K a few weeks ago. But here's where this gets interesting. Right next door at 25 & 31 Wood Drive is a vacant 0.65 acre of land available for $1.35M. So for (say) two million, you could acquire more than three-quarters of an acre and then you could build a beautiful home. Who's going to go for it?
· It's a Shore Thing [Halstead]
· Hither Hills .65 Oceanview Parcel- 1/2 Block To Ocean [Corcoran]