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Trailer in the Hamptons: Yours for $1.1M

Property originally cost $300
By Matt Cantor,  Newser Staff
Posted Feb 10, 2015 3:27 PM CST
Trailer in the Hamptons: Yours for $1.1M
Inside the property.   (Elliman.com)

(Newser) – In 1956, fisherman Richard Lester paid $300 for 0.36 acres of property in the Hamptons. Later, he added a $15,000 trailer. Now, the whole thing can be yours for the low, low price of just $1.1 million, the New York Post reports. "You are not dreaming," the listing reads at elliman.com, noting that a nearby house sold for $4 million. The situation, in Amagansett South, offers the unusual opportunity to simultaneously live in a trailer and have celebrity neighbors—in this case, the likes of Paul McCartney, Jerry Seinfeld, and, according to WSOC, Martha Stewart.

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The trailer, per the Post, is 700 square feet and "looks like it could be straight out of Deliverance." But a listings agent says you should ignore it: "Erase the trailer from your mind and it’s $1 million for land," he says. "No one, I imagine, would build less than a three-bedroom, three-bathroom house" on the property, which is about a mile from Indian Wells Beach. The general location does seem to be a winner: Last year saw an East Hampton home sell for $147 million. (Read more Hamptons stories.)

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