What can you buy for $129,000 on Long Island? This Farmingville cottage.

The one-bedroom, one-bathroom home just got a face-lift, with new hardwood floors, an updated ceramic tile bath, new appliances, a new hot water heating system and a newer roof, says Marc Crosier of Richlin Real Estate, who is marketing the property.

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Crosier says the dining room can easily be converted into an office or a nursery.

The entire house -- which has just four rooms and is a ranch -- was built in 1959, and is on a 6,000-square-foot lot.

The taxes are also tiny, at $3,100.