“I think I just sold a house over the weekend which was a tiny little house in a great location on the ocean, but it wasn’t cheap. It was about $1.5 million-plus,” Tina Fredericks, owner of Tina Fredericks Real Estate in East Hampton, told The Real Deal.
“It was the worst house in the best location. It looks pretty much like a shack. It has not been kept up well at all. It’s a tiny little box which has two bedrooms and one bathroom and a living room, but it is smack on the ocean with a patio toward the ocean.” Read the full story from the November 2006 issue here.