Sited on a quarter-acre of land, the compact 900-square-foot house offers just two bedrooms and one bathroom. Originally built in 1975, the house needs some work, but we think that it has a lot of potential.
Some work will need to be done to bring the house up to date, and it may be a bit small for some people’s taste, but the 0.69-acre property is in a desirable south-of-the-highway Hither Hills location.
Originally listed for $1.9M back in May of 2018, the shingled house saw just one price cut during its time available for sale. In August, the asking price went down to $1.7M, which is what it was most recently listed for when a contract was signed.
At the very end of October, the stylish shingled house came on the market for $1,175,000 with Corcoran Group agents Michael Lynch and Betsy Cronley, was in contract by mid-November, and closed earlier this week for slightly under ask.
The current house was built in 1949, spans 2,200 square feet in size, and has three bedrooms and three bathrooms. Inside, the cottage hosts an open floorplan, a large bay window in the living room, water views throughout, and a wood-burning fireplace.
Sited in an extremely private location where one can’t hear any traffic, the property includes a 7,000-square-foot home with five bedrooms and five bathrooms, a 2-acre pond, meadows, trails, two natural 100-foot jetties, and 400 feet of direct ocean frontage.
Designed by architect James Biber in 2006, the property has been honored by the American Institute of Architects and the American Architecture Awards. Each property has about 2 acres of land, totaling 4.1 acres and offering 300 feet of direct ocean frontage.
The property was purchased in 1992 by frame dealer Eli Wilner and his wife for just $630,000. However, at the time, there were absolutely no permits in place and buying the property without building permits was a risk.
In July, the home received its first $1.55 million price cut, putting it on the market for $2.8 million. Now, just two months later, another $200,000 has come off the listing and the 1-acre property is now asking $2.6 million.