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 This Hamptons property is one fisherman’s catch of a lifetime. 
 
 An Amagansett South site that’s home to a rinky-dink two-bedroom trailer is on the market for $1.1 million. 
 
 That’ll be a whale of a profit for owner Richard Lester, who told The Post he paid just $300 for the property in 1956 and added the $15,000 wood-paneled trailer a few years later. 
 
 “I had to work my ass off to get that,” said Lester, 79. 
 
 Lester still lives with his wife Tess in his modest 700-square-foot castle, which sits on 0.36 acres of land in the exclusive — and expensive — enclave, just a mile away from ritzy Indian Wells Beach. 
 
 A nearby home recently sold for $4 million, and neighbors include Jerry Seinfeld and Paul McCartney. 
 
 Lester, who still makes his living from the sea, said he never dreamed he’d land the big one — on land. 
 
 “Not in God’s world,” he said. “I think it’s ridiculous!” 
 
 Realtors said the price is all about the land and not the trailer, which looks like it could be straight out of “Deliverance.” 
 
 “Erase the trailer from your mind and it’s $1 million for land,” said listings agent Ray Lord, from Douglas Elliman Real Estate. 
 
 All potential buyers are builders, who plan to tear down the trailer and build a Hamptons dream home, Lord said. 
 
 “No one, I imagine, would build less than a three-bedroom, three-bathroom house,” said Lord. 
 
 And a shed on the property will likely be turned into a pool house. 
 
 But the real-estate listing suggests homeowners could still live in the trailer while building their future mansion. 
 
 “Use as is now, while you plan for your 4,000 square foot new house with 20 foot x 50 foot swimming pool,” it says. 
 
 “We had one buyer that was a husband and wife. The husband suggested it and the wife was not keen on the idea,” said Lord. 

 Run-down trailer in The Hamptons listed for $1.1 million 
 
 By Katherine Biek 
 
 Video transcript provided by Newsy.com 
 
 There's only one mantra in real estate that really matters: location, location, location. 
 
 This is why a run-down trailer in the Hamptons is on the market for $1.1 million. 
 
 The 400-square-foot space boasts one bedroom and one bathroom. 
 
 The property wasn't always this expensive. 
 
 The New York Post talked to Richard Lester, the current owner. He said he originally bought the land — which is less than half an acre — in 1956 for $300. 
 
 Talk about inflation. But the $1.1 million price tag sort of makes sense considering the prices nearby homes have sold for. 
 
 Like the five-bedroom house that sold for just under $4 million in the summer of 2014. 
 
 Celebrities like Jerry Seinfeld and Martha Stewart also have homes in the area. 
 
 And the trailer's price is actually lower than the average listing price in the Hamptons, which is now around $1.7 million, according to CNBC. 
 
 If trailers really aren't your thing, though, just do as the listing says and "Use it as it is now, while you plan for your 4,000 square foot new house with [a] 20 foot x 50 foot swimming pool." 
 
 This video includes images from Getty Images.
– In 1956, fisherman Richard Lester paid $300 for 0.36 acres of property in the Hamptons. Later, he added a $15,000 trailer. Now, the whole thing can be yours for the low, low price of just $1.1 million, the New York Post reports. "You are not dreaming," the listing reads at elliman.com, noting that a nearby house sold for $4 million. The situation, in Amagansett South, offers the unusual opportunity to simultaneously live in a trailer and have celebrity neighbors—in this case, the likes of Paul McCartney, Jerry Seinfeld, and, according to WSOC, Martha Stewart. The trailer, per the Post, is 700 square feet and "looks like it could be straight out of Deliverance." But a listings agent says you should ignore it: "Erase the trailer from your mind and it’s $1 million for land," he says. "No one, I imagine, would build less than a three-bedroom, three-bathroom house" on the property, which is about a mile from Indian Wells Beach. The general location does seem to be a winner: Last year saw an East Hampton home sell for $147 million.