Why does this 700-square-foot trailer cost $1.2 million?

Are you hoping to spend a summer plotting vengeance on the diabolical, wealthy family who destroyed your father’s life? You could get a beach house with mysterious infinity symbols carved into the porch à la Revenge, but that’s bound to cost you a pretty significant chunk of change. In the Hamptons, even the trailers cost seven figures.

Case in point: this 700-square-footer that’s going for $1.2 million. Sitting next to a $4 million home, the trailer is just about a mile from the ocean. A shed and boat also sit on the property. The home is over 50 years old and belongs to a 79-year-old bayman whose grandfather used to harpoon whales. The two-bedroom, two-bathroom residence has quilts, knickknacks, and vases, but it’s not about what’s inside the trailer. It’s about what the trailer is on: 0.36 acres of prime real estate not far from Jerry Seinfeld’s place.

“Everything’s about the land here,” agent Ray Lord of Douglas Elliman Real Estate (which is co-listing the property) told Newsday. “The asking price is all because of the location.” The property’s new owners could remove the trailer and erect a 4,000-square-foot home, according to the real estate company.

Though it’s not right on the beach, a house in the Hamptons might still make you some decent cash on Airbnb. Hamptons residents sometimes move to their own trailers for the summer while renting out their places for tens of thousands to vacationers wanting to soak up sun and go star gazing, according to Yahoo News. Of course, this trailer might not fit in at the chichi trailer parks in Montauk, where mobile homes can cost $1 million, with no Hamptons property included (though they do often have ocean views).

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