Long Islanders can apply through Oct. 20 for a chance to purchase one of four town houses in a new luxury Water Mill development for a fraction of what they would sell for on the open market.

The selected applicants, who must meet income requirements, will be eligible to buy a three-bedroom, 2½-bathroom condo for $535,875. Other units in the development have sold for $2 million or more.

The condos are part of Watermill Crossing, a 38-unit luxury town house complex in the Town of Southampton, where residents will have access to a clubhouse, a pool and a fitness center. The town required the developer, JS Squared, set aside four condos, or about 10% of the development, to comply with the Long Island Workforce Housing Act .

The homes offer a new housing option for workers on the East E

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