There's a lot to like about this property: it's almost surrounded by water, so it's peaceful and quiet, and you can kayak or paddle board from your own land. There's 0.9 acre of land, adjacent to a nature reserve. The 1960s house itself is shabby chic: 2000sf with four bedrooms and three baths. It was "recently renovated and decorated by an award winning and published French designer," but it looks like just paint and attractive furniture was added—the through-the-wall AC units and fake turf on the balcony are still there. All this would be fine at a much lower price point. We love an optimistic valuation, but come on, this place last sold for $950K in October 2013. The ask is too high even for a teardown, we think.
· East Hampton waterfront cottage [Compass via HREO]
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