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Ten Cape & Islands Teardowns, Asking $250K to $4.5M

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The Cape and Islands aren't known for being as teardown happy as some communities (see: The Hamptons), but that doesn't mean this is a bulldozer-free zone. A house that's one gust shy of falling into Cape Cod Bay, looking like it belongs on an A&E reality show or was built during the Micro-Housing 1.0 movement (small cottages for big families, circa 1930-1970) could potentially have a date with the wrecking ball. Here are ten Cape & Islands teardowns, asking $250K to $4.5M. Would you love them or level them? Let us know in the comments!

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1. $4,500,000

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11 East Lane
Chilmark, MA 02535

"Keep things as they are or plan your new home to accommodate your new family gathering place." This 3.5 acre hillside property at Stonewall Beach has views of Squibnocket ridge, Aquinnah and Nomans Land. First listed in October 2011 asking $6.75M, a December 2012 pricechop brought the listing down 33% to $4.5M.

2. $1,800,000

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134 Harbor Point Road
Barnstable, MA 02631

Here's a Harbor Point property with 8.52 waterfront acres with views of Sandy Neck, Barnstable Harbor and Cape Cod Bay. "Renovate the existing 3 bedroom structure or tear down and create your own dream house." Yours for $1.8M.

3. $1,500,000

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385 Bound Brook Way, Cape Cod
Wellfleet, MA 02667

This .82 acre property on Cape Cod Bay has its own private beach, views to PTown and a new(er) 3BD Title 5. The property first hit the market in 2008 asking $1.795M and (finally) met with the pricechopper in July 2012 when it was sliced down to $1.5M. Located in the National Seashore, there's some very governmental listing language for a, "CERTIFICATE OF SUPPENTION OF CONDEMNATION OF IMPROVED PROPERTY FROM THE UNITED STATES DEPARTMENT OF THE INTERIOR."

4. $1,495,000

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31 Brewster Road
Nantucket, MA 02554

Built in 1970, this 3BD, 2BA on 1.37 acres in Monomoy last changed hands in October 2006 for $1.8M. The property hit the market in February 2011 asking $1.695M and did not meet with the pricechopper until September 2012 when the listing was sliced down to $1.495M. According to the brokerbabble, "Update the current three bedroom home, already prime for carefree island living, or build the Nantucket retreat of your dreams."

5. $800,000

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36 Red Top Road
Brewster, MA 02631

Built in 1949 by "noted author, naturalist, activist & visionary, John Hay" this 4BD, 2BA features bathrooms embellished with murals by well-known artists. Alas, there are 4.68 acres, with additional acreage available to, "Restore or build 4 homes."

6. $759,500

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7 Marsh Hawk Lane
Nantucket, MA 02554

Listed as a "project property," this 3BD, 3BA on 1.23 acres has been completely gutted. "The home could be demolished or it can be rehabbed." The property was foreclosed in August and hit the market in September for $749,500. The listing went off the market in December only to re-debut in February with a $10K priceupper. It's now asking $759,500.

7. $675,000

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20 Mariner Drive
Harwich, MA 02645

First listed in 2010 for $1.25M, a fifth pricechop in February brought the ask for this double lot property with views of Pleasant Bay down to $675K. "A contemporary 2000 sq. ft. home occupies one of the lots and is in need of renovation or tear down."

8. $539,000

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256 Crystal Lake Road
Osterville, MA 02655

"Renovate or tear down and build new." This Wianno 3BD, 1BA ranch was built in 1954 and is located close to Dowses Beach and town. The property last changed hands in 2001 for $450K and hit the market in July 2012 asking $539K.

9. $384,900

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12 Wilsons Grove
Mashpee, MA 02649

Like former child actors, "This large Popponesset lot currently holds 2 cottages, that were once absolutely adorable. Come use your imagination and bring them back to life, or start over and build your new home." The property, asking $384,900, has ocean views and access to a private beach.

10. $250,000

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387 Lake Elizabeth Drive
Centerville, MA 02632

"Renovate or re-build" on this .38 acre property close to the ever-popular Craigville Beach and the resident's only Covell's Beach. The 816 sq. ft. 3BD, 1BA was built in 1952 and is asking $250K.

1. $4,500,000

11 East Lane, Chilmark, MA 02535

"Keep things as they are or plan your new home to accommodate your new family gathering place." This 3.5 acre hillside property at Stonewall Beach has views of Squibnocket ridge, Aquinnah and Nomans Land. First listed in October 2011 asking $6.75M, a December 2012 pricechop brought the listing down 33% to $4.5M.

11 East Lane
Chilmark, MA 02535

2. $1,800,000

134 Harbor Point Road, Barnstable, MA 02631

Here's a Harbor Point property with 8.52 waterfront acres with views of Sandy Neck, Barnstable Harbor and Cape Cod Bay. "Renovate the existing 3 bedroom structure or tear down and create your own dream house." Yours for $1.8M.

134 Harbor Point Road
Barnstable, MA 02631

3. $1,500,000

385 Bound Brook Way, Cape Cod, Wellfleet, MA 02667

This .82 acre property on Cape Cod Bay has its own private beach, views to PTown and a new(er) 3BD Title 5. The property first hit the market in 2008 asking $1.795M and (finally) met with the pricechopper in July 2012 when it was sliced down to $1.5M. Located in the National Seashore, there's some very governmental listing language for a, "CERTIFICATE OF SUPPENTION OF CONDEMNATION OF IMPROVED PROPERTY FROM THE UNITED STATES DEPARTMENT OF THE INTERIOR."

385 Bound Brook Way, Cape Cod
Wellfleet, MA 02667

4. $1,495,000

31 Brewster Road, Nantucket, MA 02554

Built in 1970, this 3BD, 2BA on 1.37 acres in Monomoy last changed hands in October 2006 for $1.8M. The property hit the market in February 2011 asking $1.695M and did not meet with the pricechopper until September 2012 when the listing was sliced down to $1.495M. According to the brokerbabble, "Update the current three bedroom home, already prime for carefree island living, or build the Nantucket retreat of your dreams."

31 Brewster Road
Nantucket, MA 02554

5. $800,000

36 Red Top Road, Brewster, MA 02631

Built in 1949 by "noted author, naturalist, activist & visionary, John Hay" this 4BD, 2BA features bathrooms embellished with murals by well-known artists. Alas, there are 4.68 acres, with additional acreage available to, "Restore or build 4 homes."

36 Red Top Road
Brewster, MA 02631

6. $759,500

7 Marsh Hawk Lane, Nantucket, MA 02554

Listed as a "project property," this 3BD, 3BA on 1.23 acres has been completely gutted. "The home could be demolished or it can be rehabbed." The property was foreclosed in August and hit the market in September for $749,500. The listing went off the market in December only to re-debut in February with a $10K priceupper. It's now asking $759,500.

7 Marsh Hawk Lane
Nantucket, MA 02554

7. $675,000

20 Mariner Drive, Harwich, MA 02645

First listed in 2010 for $1.25M, a fifth pricechop in February brought the ask for this double lot property with views of Pleasant Bay down to $675K. "A contemporary 2000 sq. ft. home occupies one of the lots and is in need of renovation or tear down."

20 Mariner Drive
Harwich, MA 02645

8. $539,000

256 Crystal Lake Road, Osterville, MA 02655

"Renovate or tear down and build new." This Wianno 3BD, 1BA ranch was built in 1954 and is located close to Dowses Beach and town. The property last changed hands in 2001 for $450K and hit the market in July 2012 asking $539K.

256 Crystal Lake Road
Osterville, MA 02655

9. $384,900

12 Wilsons Grove, Mashpee, MA 02649

Like former child actors, "This large Popponesset lot currently holds 2 cottages, that were once absolutely adorable. Come use your imagination and bring them back to life, or start over and build your new home." The property, asking $384,900, has ocean views and access to a private beach.

12 Wilsons Grove
Mashpee, MA 02649

10. $250,000

387 Lake Elizabeth Drive, Centerville, MA 02632

"Renovate or re-build" on this .38 acre property close to the ever-popular Craigville Beach and the resident's only Covell's Beach. The 816 sq. ft. 3BD, 1BA was built in 1952 and is asking $250K.

387 Lake Elizabeth Drive
Centerville, MA 02632