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Location: Rye, N.H.
Price: $4,900,000
The Skinny: Occupying a prime position at the head of a private peninsula, this 1870 summer cottage is full of potential, but in need of a thorough restoration. Fortunately for history buffs, the unique private community of Straw's Point has covenants to encourage the preservation of the existing homes. This particular house—with its tall windows, historic details, and attractive siting—stands to benefit from a devoted renovator. The 5,100-square-foot manse has eight bedrooms and 2.5 baths in its current configuration and features rare details like marble mantlepieces, an original farmer's sink, and wood-and-glass cupboards. Some misguided attempts at "improving" the property will have to be corrected, like the 70s vintage sliding doors in the living room, but those sorts of touch-ups are a small price to pay to restore 19th-century authenticity. That is, a small price to pay after the hefty $4.9M asking price.
· The Point [Tate & Foss]