Big Reveal: How Much for a Four-Bedroom in the Lanes?

Address: 94 Meeting House Lane, Amagansett
Price: $4,500,000
Commenters all agreed with our take on it: the house is a teardown but the ask is way too high for that. "The owner must be a loon. The land is worth 2.2 to 2.4. That's what Farrell would pay. The house is worth -25,000 for the price of the demo." "If the seller really does want to unload, it goes at less than 3." "If he gets a number that begins with a three you will see Lanes owners dancing in the streets... The bottom line is they guy doesn't want to sell..."
· Privacy in the Lanes Plus Pool [Sotheby's]
· How Much for a Four-Bedroom in the Amagansett Lanes? [CH]