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Two Acres by the Ocean in Southampton for $11.95M

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Wow. It's been a while since we've seen such a formally decorated place in the Hamptons! This Francis Fleetwood-designed Shingle Style house is a little dated, but nothing a snappy designer can't fix up fast. There are "glimpses" of the ocean and Phillips Pond from the second story, but fortunately, the all-important deeded private path to the beach is included. The property, which is actually slightly under two acres,1.84, but let's not quibble, includes a pool and pool house, but no tennis, although there's room. The house is 6000sf and seems to be thoughtfully laid out, with a first floor bedroom for older relatives, a guest suite with its own sitting room, and a really nice master suite with sitting room and two master baths. Price seems reasonable, all things considered.

· Deeded Ocean Access [Corcoran]