Guess the asking price: Yountville (Napa Valley) home for sale: 480 sq ft, 1/4 acre lot, 1 bed/1 bath.

[Auggie]

Here's the Sotheby's link if you want to look it up: https://2180monroest.com

[Mz Pip]

1. That's insane

Someone will by it and build a mansion on the lot.

[bucolic_frolic]

2. With trees, shade and a view, high plateau

because of location location location scarcity affluent area $1,250,000.00? The taxes would be lower than most other homes in the area.

[Auggie]

3. Way off

[bucolic_frolic]

5. Yes, I see. I overlooked the expansive parking lot and didn't know it was renovated

You could house 4-6 tech engineers there!

[Bernardo de La Paz]

4. The high cost of houses these days is mostly the land. Key here is the lot size.Could put a big two story house in back

I have not looked at price.

[Auggie]

6. The city might like to see two or three town homes ... anything to address the state housing mandate

[beaglelover]

7. Price makes sense to me. CA real estate costs are all about the land and that's a HUGE lot in a very desireable

location.

[Auggie]

9. I agree, though I think it will sell for even more

There is SO MUCH friggin' money floating around that the asking price amounts to pocket change.

[Historic NY]

8. My Amish built garage is bigger than that.

[BobTheSubgenius]

10. There is very little in the housing markets that surprises me anymore.

A few years ago, there was a decent-size lot with a teardown still standing on it in the Point Grey area of Vancouver. It had spectacular views, of course. It had to have SOMETHING that justified the asking price of $22.000,000. Concurrently, there were 9 jaw-dropping chateaux in France for the same price, more or less.

Around that same time, there was a penthouse for sale in downtown Vancouver that had ongoing expenses - strata fee and property taxes - that came to $10,000 a month. Asking price - $26,000,000

[Juneboarder]

11. Location! Location!! Location!!!

That paired with the lot size, this makes sense for the area. Love it or hate it, but it is the reality here in CA.