Rundown trailer for sale at $1.2 million (after price increase)

Rundown trailer for sale at $1.2 million (after price increase)

"You are not dreaming," this Hamptons listing opens.

Thanks for the clarification, but we'll be honest: That wasn't the first thought to pop into our mind when we saw the listing.

Incredulity, sure — just not of the too-good-to-be-true variety.

The listing is for a one-bedroom, one-bath, half-century-old trailer situated on a flag lot — that is, behind another house, accessed from the street via a long driveway — of about a third of an acre. The New York Post says it "looks like it could be straight out of 'Deliverance.'" And it's $1.1 million.

No, wait. Scratch that; that was last month. The price was just adjusted last week. It's now $1.2 million.

That's right, the price went up. (Click here or on a photo for a slideshow.)

The sky-high ask is entirely attributable to the property location: Amagansett South, about a mile from Indian Wells Beach, named one of the Hamptons' most popular beaches by New York Magazine.

"No one, I imagine, would build less than a three-bedroom, three-bathroom house," listing agent Ray Lord of Douglas Elliman Real Estate told the New York Post.

The shed would probably become a pool house, the Post said (though frankly, we're having a tough time seeing that, based on the picture of the shed in the slideshow).

If it sells for anywhere near the asking price, it will be quite a bonanza: Current owner Richard Lester says he paid all of $300 for the property in 1956, and a comparatively kingly $15,000 for the trailer some years later (for which "I had to work my [tail] off," he told the Post).

He and his wife, Tess, are still living there while the property is on the market. They first listed it in October for $1.6 million.

Click here or on a photo for a slideshow of the Hamptons' $1.2 million trailer.

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