It’s all about location. A small, worn-out 400-square-foot trailer is up for grabs in the Hamptons, listed at $1.1 million. Why so pricey? It’s not the size. Bought back in 1956 for a mere $300, this trailer lays claim to nearly half an acre. Though it’s far from perfect, the asking price is well under the standard Hamptons list price, which hovers around $1.7 million. So what justifies this price? The surrounding estates. One nearby five-bedroom abode fetched a cool $4 million back in 2014. The property listing proposes – future homeowners could inhabit the trailer, drawing up plans for a spacious, grander home complete with a pool.
