a one bedroom trailer that sits on land purchased for $300 in 1956 is now on the market for an astonishing $12million how is this possible? ask neighbors jerry seinfeld and paul mccartney the 36 acre plot just happens to sit in the exclusive amagansett south enclave of the hamptons, near a beach coveted by the super famous and uber wealthy a home near the property  which is owned by fisherman richard lester, 79, and also features an old shack crammed with fishing gear  recently fetched $4million scroll down for video  huge price difference: the site of this modest one bedroom trailer in the hamptons in new york's long island was bought for just $300 in 1956 but nearly six decades on, the property (including the $15,000 trailer, pictured above) is on sale for a whopping $12million  all about the location: the property, owned by fisherman, richard lester, 79, sits in the exclusive amagansett south enclave, where a home recently fetched $4million its new value, $12million,  is likely due to the hamptons's popularity with celebrities and bankers  another feature: in addition to a trailer, the site also features a blue colored shed crammed with fishing gear and storage boxes  the property listing at zillowcom is actually up $100,000 from a month ago however, the plot originally listed for $16million when it hit the market in october situated just one mile away from the ritzy indian wells beach, it is surrounded by the rich and famous, including jerry seinfeld and paul mccartney according to douglas elliman real estate, which has listed the site, it could easily be transformed into a 4,000sq ft house with a huge swimming pool on its website, the real estate company tells potential buyers: 'you are not dreaming, this mobile home is over a third of an acre on a private third of an acre flag lot in amagansett south just a mile away from indian wells beach, south of the highway location adjacent to a home that just sold for $4m' it adds: 'use as is now, while you plan for your 4,000 square foot new house with 20 foot x 50 foot swimming pool' speaking to the new york post, mr lester explained how he had moved the $15,000 wood paneled trailer to the $300 land in the late 1950s 'i had to work my a** off to get that,' said mr lester, who lives in the small property with his wife, tess, and still works at sea he added he was shocked by the site's new value, which is likely due to the hamptons's popularity with celebrities and bankers location: situated just one mile away from the ritzy indian wells beach, the property (circled) is surrounded by the rich and famous homes in the area come with the type of perks you would typically find at a five star resort, including swimming pools and tennis courts  front garden: according to douglas elliman real estate, the site could easily be transformed into a 4,000sq ft house with an enormous swimming pool 'use as is now, while you plan for your 4,000 square foot new house with 20 foot x 50 foot swimming pool,' the firm says  mobile home: mr lester explained how he had moved the $15,000 wood paneled trailer (pictured) to the $300 land in the late 1950s 'i had to work my a** off to get that,' said mr lester, who lives in the small property with his wife, tess, and still works as a fisherman when asked if he ever thought he would land 'the big one' in the property world, he replied: 'not in god’s world i think it’s ridiculous!' listings agent ray lord, of douglas elliman real estate, said the price of the site is based solely on its exclusive, highly sought after location indeed, the hamptons is not only a desired location for wealthy homebuyers, but also a popular summer hot spot for sociable multi millionaires there are now a handful of hamptons owners who each year ask for more than a million dollars to rent out their pads for roughly two months neighbors: the site is surrounded by the rich and famous, including comedian jerry seinfeld (right) and singer paul mccartney (left) homes in the area come with the type of perks you would typically find at a five star resort, including outdoor swimming pools and tennis courts many also feature indoor pools, basketball courts, bowling alleys, indoor half pipes and racquetball courts that convert to squash courts speaking of mr lester's on sale land, trailer and shed, mr lord said: 'erase the trailer from your mind and it’s $1million for land' he added that all potential buyers so far have been builders 'no one, i imagine, would build less than a three bedroom, three bathroom house,' he said
richard lester 300 15,000 amagansett south hamptons 12million 100,000 36 acre an astonishing $16million indian wells beach jerry seinfeld paul mccartney douglas elliman real estate 4,000 sq ft
fisherman richard lester, 79, bought site for $300 in 1956 and later added modest one bedroom trailer for $15,000 . now, the property, situated in exclusive amagansett south enclave in hamptons, is on sale for whopping $12million . the listing price is up by $100,000 since february but the 36 acre plot initially listed for an astonishing $16million in october . it is close to indian wells beach and surrounded by the rich and famous, such as jerry seinfeld and paul mccartney . according to douglas elliman real estate,  it could be easily transformed into 4,000 sq ft home with a swimming pool 