A California property comprising five condominiums, one of which is a “real tree house”, has gone viral on social media.
Samir Mizrahi (@zillowgonewild) Post pictures of the property In a Twitter thread on Sunday. The tweets have amassed a total of over 100,000 likes and thousands of responses from commenters who couldn’t understand the allure of the property, and specifically, its ‘tree house’ allure.
Located in Pismo Beach, the 6.69-acre Canyon Retreat has nine bedrooms and eight bathrooms among its five condominiums—the “tree house,” museum, carriage house, shed, and “main house,” according to Zillow List. The property also includes two RV sites, a “zen yoga platform” and a man-made cave “ideal for wine storage.”
The sprawling property is listed at $3,800,000 or $760 per square foot.
Pismo Beach Housing Market
Property prices seem to be on par with some of the city’s previous listings.
Realtor.com explained that in June, the median listing home price in Pismo Beach per square foot was $799, and the median listing home price was $1,500,000. Furthermore, the median home sale price was also $1,500,000, the same as the average list price in the city.
According to the site, the city’s market was “balanced” in June, which means “supply and demand for homes [were] about the same thing. Unfortunately, the Pismo Beach housing market is not representative of the state as a whole.
At a press conference on June 16, Federal Reserve Chairman Jerome Powell said that the stock of ready-made homes is “historically low.” As a result, home prices may continue to rise.
“We need to get back to a place where supply and demand come back together. And where inflation is down again and mortgage rates are down again,” Powell said. “So this will be a process where we do our job perfectly in a way that the housing market settles in a new place and the availability of housing and the availability of credit are at the appropriate levels.”
Some commentators have described the now-viral Pismo Beach property as a “dream home.” However, others could not understand its appeal, arguing that the property – specifically the tree house – comes with a variety of potential problems.
“I can’t wait for the root structure to destroy this foundation,” wrote Rubin Safaya.
In response, Rachel J.
“Imagine all the ants crawling around your house,” Jordi commented.
“Ah.. bugs,” Christopher agreed.
“$3.8 million to mess myself up on the first day at home,” Natalie joked.
Meanwhile, user Chef54 tagged a friend in the post, writing: “This is a treehouse for you! Or, would you rather cave?”
Their friend replied, “None of the above?”
Brandon asked, “What is this f**k?” While Grandma Hawkins asked, “But why?”
NEWSWEEK I reached out to home listing agent, Amy Gallagher, for comment.
Other noteworthy main menus
Last month, an Ohio home with a prison cell that legendary gangster John Dillinger is believed to have once occupied was listed for $275,000.
And in March, a listing of a Georgia house designing an NSFW pool went viral on Instagram.