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.