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Modern Style in East Hampton Bayfront Now Priceupped

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Undaunted by the lack of buyers at the $3.2M and $2.995M price points, the sellers of this property have upped the price to $3.5M. Seriously? The 1.3 acres of land is nice and offers a sandy beach on the bay. The house is really cute in a California Modern style, but it's tiny, with only two bedrooms and two baths. The listing notes "this property provides for a building envelope of 4,000± sq. ft. home and even room for a waterfront pool." The price is going to have to go down, not up, for that to happen.
· Staircase to Your Own Sandy Beach [Sotheby's]