A Tiny Cottage by Main Beach for $2.45M

This is one of the ten bungalows that make up the small enclave known as Bayberry Close. For $2.45M, you can own property literally steps from East Hampton's Main Beach. There's a fulltime caretaker for the community as well as communal laundry facilities and a cutting garden. One of the larger cottages at 1100sf, this unit is two-bedroom and two-bath, and is recently renovated. There are hedges around a patio for privacy.

Bayberry Close does have a few rules, though: no families, no pets, and no children under 12 staying overnight—which could either be pluses or minuses. The bylaws changed! The cottages don't change hands often; a few years ago one of the smaller units sold for $1.7M, so this asking price seems reasonable, as long as you don't have a family, pet, or child under 12.

· Rare Cottage by the Sea [Sotheby's]