Most Active Stories
- Montgomery may ban smoking, Sirius-XM settlement
- Governor Bentley Challenges Legislators to Lead on Budget Crisis
- Alabama GOP Chief: "No Third term," Airbus is hiring
- High School Graduation rate improves, Montgomery "no smoking" ban
- Tough State Budget Choices, and an Eating detector for the holidays?
Fri September 6, 2013
Bidding War Breaks Out For Small Strip Of Land
Originally published on Fri September 6, 2013 11:40 am
RENEE MONTAGNE, HOST:
And today's last word in business is: Bidding War.
The real estate market has been heating up in some popular locations - like the Hamptons.
STEVE INSKEEP, HOST:
And this week, two Wall Street types competed for a narrow lot bordering both of their properties there. And when we say narrow, the strip of land is almost 1,900 feet long - 1900 feet long and one foot wide.
MONTAGNE: At one end of the lot is the Montauk Highway, at the other, the Atlantic Ocean. The county had intended to sell the strip of land for $10, maybe. The winning bid was $120,000.
INSKEEP: You know what they say about beachfront property, they're not making any more of it - not even one foot more. And that's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.
MONTAGNE: And I'm Renee Montagne. Transcript provided by NPR, Copyright NPR.