California home sells for $1 million — and it’s tiny. Look around, it won’t take long
In the real estate world, small-livable tiny houses have become all the rage since most are available for a reasonable cost. And then there’s this 328-square-foot home that just sold for $1.025 million in Santa Cruz, California.
According to the listing on Realtor.com, the reason for the seemingly high cost of this pleasant little one-bedroom, one-bathroom “vintage bungalow” revolves around “location, location, location.”
The property is close to Castle Beach, restaurants and a brewery, and the famous Boardwalk and downtown Santa Cruz.
But if you do the math, like WYFF 4 did, you’ll find that the final sale price equals $3,125 per square foot.
The average “tiny house” cost per square foot runs around $150, according to Home Advisor. Going by that average, this Santa Cruz tiny home should cost just under $50,000.
While a tiny house is any home under 600 square feet, some are built on foundations and most are built on trailers, Tiny Home Builders says. This house clearly isn’t built on a trailer.
This isn’t the only minuscule property to ask for a massive dollar amount. In October, a home that is only 251 square-feet in Newton Massachusetts went on the market for $449,000, McClatchy News previously reported.
This story was originally published November 2, 2021 at 3:05 PM with the headline "California home sells for $1 million — and it’s tiny. Look around, it won’t take long."