Charleston, brace yourselves! The real estate market has just unveiled its latest marvel: a cozy, 400 square foot abode, quaintly nestled at 190 Coming Street. And the price tag? A mere $1.7 million! Before you rush to check your bank accounts, let’s dive into what makes this tiny treasure a giant in the real estate world.
Historical Charm Meets Modern Wallets
This isn’t just any small house; it’s a piece of history. Built in 1814, this property is potentially one of Charleston’s oldest barbershops, with ties to the illustrious Cohen family of the 19th century. The house, originally a single-room dwelling, was moved to make way for a school gymnasium. Now, it stands as a testament to Charleston’s rich history, waiting for someone with a love for the past and a wallet for the future.
A Real Estate Puzzle: Tiny House, Huge Potential
The property, sitting on a 0.11-acre lot, lies within a short-term rental overlay, offering the tantalizing possibility of building two units or buildings on the site. Imagine, if you will, a 6000 square foot development potential, all starting from a 400 square foot seed. It’s like a real estate version of “Jack and the Beanstalk,” but instead of a giant, you might find a zoning officer at the top.
Location, Location, and… Price?
Nestled in the Cannonborough-Elliotborough neighborhood, this property is a walker’s paradise.
With a Walk Score of 98, you’re just a stroll away from Charleston’s finest dining, shopping, and historical sites. But let’s address the elephant in the room – or rather, the tiny house on the lot. $1.7 million for 400 square feet? That’s approximately $4,250 per square foot. Who knew that downsizing could be so upscale?
In Conclusion: A Miniature Dream for a Maxi Wallet
So, dear Charlestonians, if you’ve ever dreamed of owning a slice of history, and you have a couple of million dollars gathering dust, this might just be the opportunity of a lifetime. After all, who wouldn’t want to say they live in Charleston’s possibly oldest barbershop turned luxury mini-mansion?
Just remember, in real estate, as in life, sometimes the best things come in small (and surprisingly expensive) packages.
