The Most Expensive House in the Hamptons -- and the Cheapest!

What's your budget? If you've got $98 million to spare, an iconic Gin Lane oceanfront estate with panoramic views that extend from the Atlantic to Lake Agawam can be yours.

Out of your price range? Well, $90 thousand will get you a 2 bedroom, 1 bath trailer in the Montauk Shores condominium complex in Ditch Plains.

Each place has its charms and comes with amenities, though on somewhat different scales.

Per Corcoran, the broker for the Southampton estate:

The property offers the residence on 5.25+/- acres in addition to four buildable lots for almost 15 acres in all. Built in the late 1920's, the main home exists as originally intended: An extraordinary summer home. The classic English Tudor style house shares a pedigreed past with owners such as the Woolworth family and Edmund C. Lynch, founding partner of Merrill Lynch. World renowned designers have honored the estate's glorious past while completely modernizing and transforming its every aspect. The gracious interiors with fine details like vaulted ceilings, limestone floors, and custom bronze doors offer both elegance and comfortable living while most of its rooms offer access to outdoor terraces and lawns. The stunning pool, pool house, formal gardens, romantic green house, and tennis court are just a few of the superb amenities.

Douglas Elliman, the broker representing the Montauk condo, which it characterizes as "chic," adds:

Cozy living, kitchen, and great decking. Gated community with new pool, kiddie pool, expansive playground, basketball court, and club house. Close to ocean access.

In case you're torn between the two properties, here are the stats:

Gin Lane
Bedrooms: 7
Bathrooms: 7.5
Square Feet: 10,000
Servants Quarters: Yes
Acres: 14.5 (Private)
Pool: Yes (Private)
Ocean Views: Yes
Price: $98,000,000

Montauk Shores
Bedrooms: 2
Bathrooms: 1
Square Feet: 550
Servants Quarters: No
Acres: 20 (Communal)
Pool: Yes (Communal)
Ocean Views: Possibly
Price: $90,000