Springs cottage from 1880 calling for a renovation hits the market for $3.5M

We always love when an old home maintains its period details. Recently, we’ve shown readers some old homes from the 19th century that have been completely renovated and brought up to date by the new owners—with the addition of steeply increased asking prices to match.

Here, we have a 1,500-square-foot cottage in the Springs neighborhood of East Hampton that was originally built in 1880, making it 137 years old. The home has four bedrooms and one bathroom, but the Douglas Elliman listing has almost no photos of the interior whatsoever. But given the condition of the outside, we can tell that the home needs some serious updates.

Here’s the great part, though: the home is on over five acres of land. With that much space, the new owner could build an addition onto the home that currently stands, buil a second home and use the 1,500-square-foot structure as a guest home, tear down the 137-year-old home (though we hope that doesn’t happen), or just renovate.

After all that, there would still be room to add a pool and tennis court.

While the property is located north of the highway, it’s only a half-mile from the bay at Louse Point.

For the area and the condition of the home, the $3.5 million might have to come down before it sells. The 1,500-square-foot home from 1975 at 397 Old Stone Highway is asking $850,000—but that home is only on a half-acre of land.

The red accents on the home remind us of the Springs cottage at 240 Three Mile Harbor Hog Creek Road that was originally built in 1639 with the wood from a ship. At 378 years old, it’s possibly the oldest home for sale in the Hamptons.

We can’t wait to see what the new owner does with this home. We’ll definitely want to see the before and after photos.

• Updated Sag Harbor home from 1830 asks $5.5M [Curbed Hamptons]
• 187-year-old Sag Harbor home gets a renovation and bump in asking price, seeks $11.25M [Curbed Hamptons]
• Springs home built in 1639 with wood from a ship asking $1.25M [Curbed Hamptons]

351 Old Stone Highway [Douglas Elliman]