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Traditional, Colorful and Elegant in East Hampton for $8.75M

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This vintage East Hampton house combines color and interest with elements repeated throughout the house, like the seaside/seaweed/coral theme. Wallpaper is out of fashion right now, but this house shows how beautiful it can look. The house is generously sized at 5500sf, with five bedrooms and 5.5 baths. It's set on 1.4 acres south of the highway, which are planted with elegant mature gardens. The $8.75M ask seems a little high; what do you think?

· Middle Lane, East Hampton Village [Saunders]