Hopefully this attractive house by Robert AM Stern isn't going to be torn down, but given that the property is now in contract for about land value (last asking price $8.2M on a 1.5 acre property), we don't have a good feeling about it. The listing emphasizes the generous building envelope of the land, too. It's been on the market for about two years now, enduring $1.25M in pricechops along the way. The 2500sf house, built in 1973, is closer to the water than is allowed nowadays. We really like the vaulted living room with enormous windows to make the most of the view and lying underneath the curved brise soleil overlooking the ocean must be heaven. Guess we'll see what happens.
· Montauk Oceanfront [Corcoran]