848 sq ft home goes for $2 Million
 

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This home on Plymouth Drive in Sunnyvale, Calif. recently set the highest price per square foot ever recorded by the Multiple Listing Service. The two bedroom, two bath home - 848 square feet in size - sold in two days for $2 million. It had been listed for $1.45 million.

Silicon Valley home shatters new record with enormous price tag

You can buy a nicer home in a better neighborhood here in TV for $250k

We have one here in The Villages priced at 1.8.

Homefinder - The Villages(R) Homes and Villas for Sale

I don't sell real estate, but I like to see what is going on around here.

I like it here so much better than California.

The house your referring to here in The Villages is 4731 sq ft. The one in Calif is 848 sq ft. To be comparable The Villages house would need be 11 million dollars.

I wouldn't take it if you gave it to me!

The high price is not what shocks me, everyone knows California has areas where prices are crazy. What shocked me is that someone wanted this mediocre tiny home so bad they offered $500k over asking price to get it.

There has to be an as yet untold story behind this.

Prices are high in Sunnyvale primarily on account of the high tech business environment, not the climate, which is of course wonderful.

It's for the land and the location. The house itself is disposable. They will knock the house down and replace it with something more in keeping with the value.

A two by four costs roughly the same anywhere. All houses are basically rocks and trees.....the value typically comes from the land, location or view.

In rare instances it comes from craftsmanship.....but rarely.

Our real wealth is really only our health and our time left. In this case, the buyer obviously has the money. They are willing to pay this to save two hours travel time EVERY DAY to their good paying job. Two more hours a day to enjoy precious family time.

Some may think that is crazy, and some will think it is wise. I know one thing....the value of all the neighbors homes there just went up a bit. Interesting.

Frank

Yes, it must be a teardown in a great location.

Just think: The seller could retire to The Villages on the profit and perhaps purchase that $1.8M house GG mentioned.