When is a one-bedroom, one-bathroom trailer home worth $1.2 million dollars..?
When it's in the Hamptons on New York's Long Island.
Yahoo Homes says Richard Lester paid just $300 for the land in 1956 and $15,000 for the trailer.
His land is only a mile away from Indian Wells, one of the Hamptons most popular beaches.
He now stands to make about an 8,000-percent increase on his money!
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