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Renovated Sag Harbor Property is Ambitiously Priced

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We do wish brokers would stop using "new construction" to mean anything other than a house just built from the ground up. This place has been newly renovated but isn't new construction. The results are really beautiful, we must say: kitchen lovely, baths gorgeous, everything fresh and bright and stylish. The price even includes the furniture (indoor and outdoor), artwork and accessories. But has it been overimproved? The property sold in October 2012 for $415,000. Now the asking price is $2.185M. Sorry, we just can't see it. There's less than half an acre of property (0.47 acre) in an unexciting area of Sag Harbor. Thoughts?
· 12 Breezy Drive [Elliman]