Location is Everything: 400-sq.-ft. Trailer Home on the Market for $1.2 Million

Trailer Home on the Market for $1.2 MillionLocation is everything, they say in the real estate biz. And that axiom can’t ring any truer than in the case of a 48-year-old, 400-square-foot trailer home with an asking price of $1.2 million.
Yes, a trailer. It happens, however, that this mobile home – in a .36-acre flag lot along with a shed — is located in the Hamptons. (Click on images to enlarge.)
Newsday reports that owner Richard Lester, 79, is asking the lowest asking price for a property in Amagansett south of Montauk Highway. The two-bedroom, two-bathroom mobile home is about two minutes from the ocean, and about a quarter of a mile from Jerry Seinfeld’s estate, the newspaper reports.
hamptons-trailer778It is also very close to a new house that sold for nearly $4 million two years ago, according to Chris Chapin of Douglas Elliman Real Estate, who is co-listing the property with Ray Lord and Brian Blekicki. The property can accommodate a new 4,000-square-foot home with a 20-by-50-foot in-ground pool, Chapin says. So the buyer may do away with the trailer altogether.
“Everything’s about the land here,” Lord told Newsday. “The asking price is all because of the location.”
Lester’s family has been in the area for decades. Lester and his wife, Theresa, plan to move to Hampton Bays, where they would like to buy their first house.
inside-hamptons-trailer778

One thought on “Location is Everything: 400-sq.-ft. Trailer Home on the Market for $1.2 Million

  • April 7, 2015 at 9:16 pm
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    There is no snow on our waterfront 414SF cottage. That should make worth at least 1.2 million

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