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THIS LISTING FOR A 1950s BUNGALOW in the Maidstone Park section of Springs (East Hampton), N.Y., surprised me. I thought I knew every house in the area, not just because of my real estate interests, but from my frequent walks down to the bay.

This one had completely escaped my notice. And yet it’s a house that, were I now in the market for a starter home in the area, I might give serious consideration. It’s the kind of fixer upper that gets my juices flowing. It’s small and manageable, it’s got an interesting shape, it’s one of a kind, and it’s set back on a bit of a rise, off a quiet street.

Couple of red flags: possible mold and/or mildew issues. I walked in (the back door was open) and it had the dank feel of a house that had been closed up for a while. Also, while the neighbors on either side and across the street seemed OK, the house on the other side of the back fence seemed to have a bit of a hillbilly vibe, with junk in the yard. But that’s how it goes in the “real” Hamptons.

As an asking price in this neighborhood, a short walk to Gardiner’s Bay and to a lovely marina, 356K is not a terrible place to start. The listing, with a dozen photos, is here.

Am I nuts, or does anyone else see potential here?

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