Former Ponds (Cold Cream) 6-bedroom 1890s mansion, Oceanfront Connecticut, Metro to NYC, Built-in Pub, friendly ghost, just $1.75M? What gives?

https://www.zillow.com/homedetails/35-Point-Lookout-Milford-CT-06460/57943564_zpid/ Seems way underpriced (adjacent ranch just went for $2.8M) for such a historic home, built in 1890 and tastefully redone. It doesn't touch the water but is quite close and has views from 3 sides, huge wrap around porch, high ceilings throughout. According to an article, there is a Ghost named Otto located inside the Pub(!!). Head scratcher. https://www.removepaywall.com/search?url=https://www.ctpost.com/realestate/article/Life-in-reverse-at-classic-Milford-home-11302755.php