Two in Springs under 500K

WHEN I FIRST MOVED OUT TO SPRINGS in May of ’09, I had to revise upward my blog’s definition of “affordable real estate,” from 500 to 600K. Otherwise, I’d have had little to write about in the Hamptons, which has a deserved reputation for inflated prices, even on the meanest shacks.

Had a reputation. Three years hence, I’ve noticed, there’s plenty on the market for 500K. Even 400K. Maybe less.

The real-estate site Curbed Hamptons, once obsessed strictly with multi-million dollar properties, has noticed this too, and they’ve been doing a little bottom fishing. They’ve recently launched a new department called Under 500K. Real estate for the rest of us, in other words — part of an effort, as they put it, to “strike a balance between fantasy and reality.”

The latest post under the new slug features two houses in Springs — one a nothing house but near the water, the other further inland but more than decent.

Listing: 11 Gardiners Cove Road, Springs [above and top]
Price: $449,000
Bedrooms/Bathrooms/Sq. Ft.: 2/1/700
Acreage: .72
Located next to a 26-acre nature preserve and just 100 yards from the water, this cottage may be on the small side, but boasts a rather large .72 acre parcel of privacy-loving property. Newly renovated, it features a cleared lawn, outdoor shower, and what looks to be a pretty decent kitchen. It first hit the market in November of 2011 for $469K, but just experienced its first pricechop yesterday.

Listing: 30 Fifth Street, Springs [above]
Price: $495,000
Bedrooms/Bathrooms/Sq. Ft.: 3/2.5/1600
Acreage: .28
Weighing in with more than double the square footage—but a third of the acreage—is this 3-bedroom a little further down the road. The home features an open floor plan, granite kitchen, central A/C and a pretty handsome deck that seems to complement the landscaping quite nicely. You’ll also find a “separate master wing with vaulted ceiling and large ensuite bath.”

Curbed Hamptons, being cute, posits this as a “deathmatch,” asking readers to vote on which they prefer. Me, I think they’re worthy opponents.

To read the whole of the original post, go here.

About cara

I blog (for fun) here at casaCARA, and write (for money) about architecture, interiors, gardens and travel for many national magazines and websites.
This entry was posted in BOTTOM FISHING, HAMPTONS, LONG ISLAND, PROPERTIES FOR SALE, REAL ESTATE/INVESTING and tagged , , , , . Bookmark the permalink.

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