Just beyond the village boundary, the Village Fringe has become increasingly competitive over the past several years. Families in particular have taken notice. You get proximity to the village, slightly larger lots, and more breathing room, without the full estate-section price tag. Renovated three and four-bedroom East Hampton homes for sale in this pocket typically fall between $3 million and $5 million. Homes that need updating are more likely in the $2 million to $3 million range.