Calling all developers, renovators, investors or first time home buyers looking to create a custom Hamptons retreat! Be the first to explore this charming circa 1950's one level cottage, now on the market for the first time in over 50 years. Located in East Hampton's Village Fringe, this renovated 3-bedroom, 1-bathroom home spans 700 square feet and is situated on a generous .41-acre fully cleared lot with a detached garage. The potential is limitless...renovate to perfection or build a brand new 3,700 +/- square foot two level home with pool plus a lower level. Conveniently located near all the Village has to offer, this is an opportunity not to be missed! Best value!