Investment Opportunity?

I came across an interesting tidbit the other day.

Remember the movie Sleepless in Seattle that starred Tom Hanks and Meg Ryan? Well, grab your checkbook and come on down! The houseboat seen in that motion picture can be yours for a mere $2.5 million.

The houseboat was built in 1978 and at 2,075 square feet is probably the largest houseboat on Lake Union. It features four bedrooms, nearly two full bathrooms, large windows and views of downtown Seattle, according to a Seattle newspaper article. (I’m still trying to figure out what “nearly two full bathrooms” means).

Don’t spend all your money to purchase it though because you’ll need $6,450 annually for taxes plus $388 monthly for homeownership dues.

The Realtor® showing the houseboat says about 50 agents and perhaps a dozen potential buyers have viewed it – but so far no offers.

According to my calculations, $2.5 million for 2,075 square feet of livable space equals an astronomical $1,200 per square foot.

(And I've been complaining about $200 per square foot for the downtown Fayetteville condos)...

http://seattlepi.nwsource.com/local/360788_sleepless27.html