The 60s vibe at this oceanfront cottage is really groovy, but let's get real, the place is probably going to get torn down. (Unless the new owner keeps it as a guest cottage, maybe?) The house, built 1960, is 2100sf, with three bedrooms and two bathrooms. The real interest, here, is the 2.65 acres of land comprising two parcels, so a house could be built on the second and this one kept for guests. An acre of oceanfront in Montauk runs about $7-8M these days, so the asking price is competitive.
· Compound Interest Oceanfront in Montauk [Corcoran]