Bayfront in Lazy Point with Possible Retail Use for $4.7 Million

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This property offers spectacular views as well as a lot of history. It was originally the Merrill Fishing Station. Back in the day the Merrills, Al and Mary, owned a bar and restaurant called Merrill’s Irish Mist, as well as the station. (We believe the dilapidated remains of the restaurant remain on nearby Merrills Road.)

East Hampton Star, July 1960

This property therefore has a pre-existing, nonconforming commercial retail use. (Although it is possible that the use has been abandoned–the law on this is unclear.) It’s represented by Stacey Pitts at Sotheby’s.

As a home, the 0.8 acre property offers a sandy beach, a jetty and bulkhead, as well as the 1500 square foot house.

All photos via Sotheby’s

The three bedroom, three and one half bath, upside down home could use some updates, although it’s pleasant enough as it is.

The issue, then, is the price. $4.695 million seems pretty high to us, especially since the property was previously offered at $3.6 million with no takers. What do you think of the place? Let us know in the comments.

For more, click here316 Shore Road, Amagansett  

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