LOOK WHAT’S STILL ON THE MARKET: one of my favorite houses from last winter’s house-quest. Only now they’re advertising it for $1.2 million; last winter it was $499,000. How can that be?
Oh, well. The new pricing, less disingenuous than the old pricing, includes 23 acres attached to the house — acres which cannot be unattached, ever, nor sold for profit. That’s because a previous owner cashed in already, by selling the land in perpetuity to the Peconic Land Trust, which insures at least some part of Eastern Long Island will remain forever farmland. The land can be used for agriculture, or rented to farmers, or turned over at break-even. It can’t be subdivided or built on.
It’s a treasure of a house, in Southold on the North Fork, a few miles west of Greenport and a mile from Sound beaches. One of those square Italianate houses you see a lot in upstate New York, with a side porch and a small barn – I’m guessing 1840s – in near-original condition (not to say good). It needs a heap of work, but the architectural character hasn’t been messed with.
More info is here.