Trailer house bought for $300 now on market for $1.2 million in the Hamptons



Source: Douglas Elliman Real Estate less This rather rundown trailer house that sits in the middle of the posh Hamptons is listed for $1.2 million, up by $100,000 from last month. The house’s large price tag may leave people scratching their heads in confusion, but it’s location near the popular Indian Wells Beach actually makes it seem like a bargain. Next door, a home just sold for $4 million. This rather rundown trailer house that sits in the middle of the posh Hamptons is listed for $1.2 million, up by $100,000 from last month. The house’s large price tag may leave people scratching their heads ... more Photo: Courtesy, Douglas Elliman Real Estate Photo: Courtesy, Douglas Elliman Real Estate Image 1 of / 17 Caption Close Trailer house bought for $300 now on market for $1.2 million in the Hamptons 1 / 17 Back to Gallery

Believe it or not, a rundown, half-century-old trailer house in the Hamptons listed for $1.2 million is a bargain.

The humble one-bedroom, one-bathroom house sits on .36 acres in Amagansett, a town that hosts lavish estates that belong to millionaires like Jerry Seinfeld and Paul McCartney.

Even better, Amagansett sits along Indian Wells Beach, one of the most popular beaches in the Hamptons, according to the New York Magazine.

"Erase the trailer from your mind and it's $1 million for land," listings agent Ray Lord, from Douglas Elliman Real Estate, told the New York Post.

Lord said potential buyers will plan to remove the trailer house and build a Hampton-like estate instead.

"No one, I imagine, would build less than a three-bedroom, three-bathroom house," he told the magazine.

The house's listing on Zillow states that the price increased by $100,000 on March 17, but it was once listed at $1.6 million when the house first went on sale in October.

Owner Richard Lester told the New York Post that he bought the house back in 1956 for $300, before adding the $15,000 trailer home a few years later.

A few hundred dollars is a far cry from what houses in Amagansett go for today. According to its listing, a house down the street recently sold for $4 million.

Click through the slideshow to view photos of the million-dollar trailer house and it's surrounding property.

rsalinas@mysa.com