There seems to be a mistake in the article, if you click on the linked article [0], it states the home was listed for $499,000. She bought the land for $22,500 and they claimed that they paid $300,000 for construction.
Thanks, I was wondering about this. The house pictured obviously isn't a $5M house, and obviously isn't the house you'd build on a $5M property either. Moreover, looking at the area on Zillow, everything is in the 6-digit range, except for a few on the shoreline that get over $1M, but nothing remotely close to $5M.
Yes, this is clearly a $500k house, not $5M. The article just goofed. Maybe the SFGate writers have trouble comprehending 6-digit house prices...
The article linked in this story claimed the house (and lot) was listed for $5 million:
> The mistake was only realized toward the end of the sale of the property in the summer of 2023, when the title company was trying to close escrow on the home that had been listed for just under $5 million.
Whatever the real value, the parent comment claiming “millions of dollars of value” being destroyed is wrong.
I agree, but the numbers from the article in the OOP is wrong. The older article linked from that article(that I have also linked) seems to have more realistic numbers.
“I believe in the sacredness and the sanctity of the land,” Reynolds said. “The coordinates aligned with my zodiac sign. And you could hear the ocean.”
Yes, this is clearly a $500k house, not $5M. The article just goofed. Maybe the SFGate writers have trouble comprehending 6-digit house prices...