This lady speaks in an Italian accent: the Lyons Homestead, as the house is known, was built around 1870 in the Italianate style. Much of the original features remain—bracketed cornices, gingerbread railings, square columns—although obviously a lot of work is needed to give this house the facelift it deserves. (We'd love to see someone reinstate the picket fence with elaborate gates shown in the old photo, for example.) The cupola (which the listing calls a widow's walk) is intact and provides views of the harbor and Shelter Island.
The house is 2200sf with five bedrooms and two bathrooms. It's set on 0.38 of an acre and there's room for a pool and a separate garage. Asking price is $725K—without knowing the specific condition of the house, it's impossible to say whether this is fair, but we do think this would be an exciting project.