$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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What $2 Million Buys You Right Now in the Hamptons
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Montauk
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.
Amagansett
Pluses: Charming traditional style house on a 1.15 acre plot with a pool.
Minuses: Interiors desperately need freshening up.
East Hampton
Pluses: Charming, great opportunity, nice village location.
Minuses: Looks like the interiors haven’t been updated since the Nixon Adminstration.
Sagaponack
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.
Shinnecock Hills
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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