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The Waterfront Magnolia Treehouse is Back

By March 26, 2018

Magnolia

The waterfront Magnolia treehouse is back on the market!

Last year it hit the market for $475k, but after not selling after a few price reductions, it was taken off the market.

The value is really in the land. But just how valuable is the land? If you recall, last year we took a trip down Perkins Lane to see just how challenging it would be to build and the answer was, very challenging, there is no road!

Now priced at $139k, it seems like a bargain for a quarter-of-an-acre of in-city waterfront until you do the math on what it will take to put in a road, utilities and custom build a home.

Listed by David Reith – Windermere R.E. Wall St. Inc.

I’m the founder and managing broker of Urban Living. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

Get in touch to:

  • Understand the market
  • See homes for sale
  • Sell your home

Contact:

206-618-1600