IF I COULD FLIP the postwar cottage I’ve owned for three whole months now, and buy something like this cedar-shingled 1884 farmhouse , I would. That would be premature, but it’s much closer to what I originally set out to find.
The house is on 3/4 acre on Old Stone Highway, which has been the winding backroads artery between Springs and Amagansett for three centuries, and still has a few 18th century houses on it. It’s a short stroll to the best kayak launch site on Accabonac Harbor.
Cedar-shingled, turn-of-the-20th-century houses like this one were going for around 950K a few years back, a local broker told me (that’s corroborated by a Zillow graph at the link below). It’s all in how you look at it, right? This could be a great recession bargain, or else it’s triple what it would have cost if I, we, you had had more foresight ten or fifteen ears ago.
UPDATE 12/27/10: The house has been sold, but you can see more pics here.