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Per Variety’s exclusive, Lauer first purchased the adorable bungalow in 2009, but has since purchased a much larger estate in nearby Sag Harbor, NY.

The Cape Cod-style spread sits on nearly three-quarters of an acre, and holds three bedrooms, two bathrooms, and 1,800 square feet of living space.

The family room features motorized shades and a wall of sliding glass doors that look out directly out to the bay.

Although compact, the eat-in kitchen includes a butcher block-top work island and adjoining dining area.

In the living room, there are bleached wood floors, vaulted ceilings, exposed wooden beams, and a white-brick fireplace to welcome relaxing evenings after a day outdoors.

Out back, there’s a patio deck that spans the entire width of the house as well as a private dock for boating through the community cove, making the $3.95M price tag seem like a steal!