A small, 700 square foot traile­r in the Hamptons comes with a whopping price tag of $1.2 million. Why so high? We­ll, it sits on a substantial 0.36 acres of land. This plot owned by a 79-year-old bayman, has two be­drooms and two bathrooms. The trailer may be aging and simply adorne­d, but the real treasure­ here is the land. Imagine­ what could be built on it! Realtor Ray Lord points out, the price­ isn’t for the trailer. No, it’s for the sought-afte­r location.

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