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Three Acres on Captains Neck Lane Plus House for $18M

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Is this house doomed? Built in 1930, the residence is bursting with period charm (fir floors, fireplaces, French doors). There are lovely old trees and mature gardens surrounding it, along with a pool, tennis court, pool house, and three-car garage. It's being offered for sale with an empty lot next door; together the parcel comprises 3.1 acres in Southampton's estate section; the asking price is $18M. Of course, an $18M house buyer generally wants something bigger than a 3240sf house with four bedrooms. Maybe a new residence can be built next door while this place stays as the guest house. Or who knows, maybe the house has a date with a bulldozer.

· Prime Southampton Estate Section [Sotheby's]