$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. You can choose from waterfront in Southampton, surrounded by nature in Bridgehampton, or across from the ocean in Montauk, among others.
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What $2 Million Buys You Right Now in the Hamptons

Montauk
Pluses: Great ocean views, right across from the water.
Minuses: Small house, needs renovation and/or expansion.
Springs
Pluses: Gorgeous house set on 2.6 acres, surrounded by woodland.
Minuses: It's in Springs, not the toniest address. Other than that, we love it.
East Hampton
Pluses: Spacious (6000sf) house set in 1.5 acres of wooded grounds with a nice home theater.
Minuses: Architecturally dated, with weird cubbyholes and angles.
Bridgehampton
Pluses: Tons of land with 6.5 acres and a pool.
Minuses: The listing says the current house (modest) could be used as a guesthouse. So on top of $2M, a buyer would probably build a house.
Southampton
Pluses: Right on the water with your own sandy beach. Great for water sports and fishing.
Minuses: Dated, unappealing exterior.
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