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Southampton Castle Hits Market; Shelter Island's Crazy New House

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The latest headlines from Curbed Hamptons, our outpost on the East End...

1) Now on the market in Southampton, Balcastle. The National Register of Historic Places house is asking $4.25 million, which actually doesn't seem like too much for a time machine back to the thirteenth century: the house has "master chambers" and "Gothic Revival Follies" instead of cabanas.

2) And over on Shelter Island, there's a crazy "summer residence" going up that one neighbor thinks sticks out "like a turd in a punchbowl." Yeesh! And yes, there is a photo gallery.

3) Hedgie David Tepper has purchased a Gibson Lane house for a rumored $50 million, which would be the year's most expensive Hamptons sale thus far. Worth it for 6.5 oceanfront acres?

· Curbed Hamptons []