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This House Overlooking Lake Montauk is Yours for $4.7M

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This appealing Victorian-style house is spacious and light. With 7000sf, there's plenty of room to do whatever you want: read, relax, watch TV, play billiards. And the seven bedrooms and 7.5 baths means there's plenty of space to house your weekend guests. But who wants to be inside when it's summer in Montauk and there's an inviting pool and basketball court outside? There's even a place to put your boat when you're finished exploring the coastline. Asking price for the 1.08-acre property is $4.7M, which sounds ambitious, but Montauk is a hot market with a limited inventory, so who knows.

· Prospect Hill [Sotheby's]