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What $2 Million Buys You Right Now in the Hamptons

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$2 million is about the current average price for a house in the Hamptons, so let's take a look at five houses in five towns at that price point. Oddly, listings asking exactly that much are few and far between--some of these are the same houses we featured back in May. Maybe it's time to drop the price on the Sagaponack, Montauk, and Amagansett properties?

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1. Montauk

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128 2nd House Road
Montauk, NY 11954

Pluses: Tons of room, right on the water, plenty of scope to build dream home.

Minuses: House is a teardown, so in addition to paying $2M, you have to build a house.

2. Amagansett

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43 Broadview Road
Amagansett, NY 11930

Pluses: Charming traditional style house on a 1.15 acre plot with a pool.

Minuses: Interiors desperately need freshening up.

3. East Hampton

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16 Gould Street
East Hampton, NY 11937

Pluses: Charming, great opportunity, nice village location.

Minuses: Looks like the interiors haven’t been updated since the Nixon Adminstration.

4. Sagaponack

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21 Greenleaf Way
Sagaponack, NY 11962

Pluses: Pool, tennis, and two acres in Sagaponack.

Minuses: House isn’t huge (2800sf) and kitchens and bathrooms could use updating. But this seems like a good deal.

5. Shinnecock Hills

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19 Seneca Drive
Hampton Bays, NY 11946

Pluses: Spacious (3400sf), new (built 2007), bayview, and nicely appointed interiors.

Minuses: It’s a McMansion and it’s in Shinnecock. If you can get past that, this house is good value.

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1. Montauk

128 2nd House Road, Montauk, NY 11954

Pluses: Tons of room, right on the water, plenty of scope to build dream home.

Minuses: House is a teardown, so in addition to paying $2M, you have to build a house.

128 2nd House Road
Montauk, NY 11954

2. Amagansett

43 Broadview Road, Amagansett, NY 11930

Pluses: Charming traditional style house on a 1.15 acre plot with a pool.

Minuses: Interiors desperately need freshening up.

43 Broadview Road
Amagansett, NY 11930

3. East Hampton

16 Gould Street, East Hampton, NY 11937

Pluses: Charming, great opportunity, nice village location.

Minuses: Looks like the interiors haven’t been updated since the Nixon Adminstration.

16 Gould Street
East Hampton, NY 11937

4. Sagaponack

21 Greenleaf Way, Sagaponack, NY 11962

Pluses: Pool, tennis, and two acres in Sagaponack.

Minuses: House isn’t huge (2800sf) and kitchens and bathrooms could use updating. But this seems like a good deal.

21 Greenleaf Way
Sagaponack, NY 11962

5. Shinnecock Hills

19 Seneca Drive, Hampton Bays, NY 11946

Pluses: Spacious (3400sf), new (built 2007), bayview, and nicely appointed interiors.

Minuses: It’s a McMansion and it’s in Shinnecock. If you can get past that, this house is good value.

19 Seneca Drive
Hampton Bays, NY 11946