Five Acres on Phillips Pond Plus Dated Gambrel for $18.5M

We're not really sure what to make of this place. The 4500sf 1992 house is dated, but it's possible a good architect could make it stylish again. Maybe it's a teardown. The property doesn't even have a pool or tennis court, which is odd because there's plenty of room. Price is competitive—the empty lot next door is larger at 6.8 acres and cheaper at $17.888M, but there's no house. So we'll see what happens. Of course this is a prime area with beautiful views, close to the ocean.

· Southampton Village Pondfront [Corcoran]