Peter Beard's Home In Montauk For Sale

Purchased in 1972 for $135k, current list price is $26M.

From an article in the WSJ:
The six acre property on the easternmost oceanfront plot on Long Island now consists of five ramshackle cottages with blue trim. (One, which the couple gave to their daughter on her 16th birthday, is painted pink inside.) The main house, which Mr. Beard built out of an old windmill, burned down 30 years ago and was never restored.
Gone, too, is Mr. Beard's high-dive to nowhere, an actual diving board which used to jut out from the cliffs but would have plummeted divers to sudden death.
See whole article HERE