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Big Reveal: How Much for this Montauk Bayfront Teardown?

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Address: 140 Navy Road, Montauk
Price: $4,750,000
We were kind of surprised by the price for this place, and it was not a popular guess. Sure, it's over an acre and waterfront, with plenty privacy, but what looks like a 60s upside-down house is almost certainly a teardown. We'll be interested to see what the place finally sells for.
· How Much for this Montauk Bayfront Teardown? [CH]
· Spectacular Block Island Views [T&C]