A price cut in August brought the compound down to $1.9 million, and by November a contract was signed. Earlier this week, the property sold and closed for $1.6 million, or $800,000 for each house.
The two cottages need some work inside, but after the renovations, these compact residences would be perfect to make some money off by renting them out in the summer or for the year-round season.
While Hamptons homes are notoriously large, there are some smaller homes that work well for those who don’t want to maintain the upkeep on a larger structure.