Press

From Shaquille O’Neal to Rosie O’Donnell, the exclusive enclave only accessible by gated bridge has drawn the rich and famous for decades.

The frantic and sometimes illogical state of the U.S. housing market can be summed up in the ongoing sale of a million-dollar fixer upper on Long Island, New York.

The North Fork, Hamptons, and Shelter Island all serve as destinations populated by great houses and posh parties.

Its mostly duplex apartments have seen record-breaking sales hedge-fund billionaire Ken Griffin spent almost $240 million two years ago on a penthouse suite.

While the property extending to 110sq m (1,184sq ft) is in good condition, new owners may want to update the kitchen and plant the rear garden.

They are notoriously tiny, lacking in storage space, rare to come on the market and increasingly unaffordable for anyone but the rich to rent or buy.