YES, IT’S POSSIBLE. There are more and more listings under 500K in this neck of the woods. The contemporary saltbox below is on 1/2 acre in Springs, not far from me. Unconventional, but I rather like it.
It was highlighted recently on Newsday.com, and brought to my attention by Michael Daly’s frequently updated Hamptons Real Estate Blog, which aggregates South Fork real estate news and notes.