I know there are stories like this everywhere these days, and there have been some insane deals in my neighborhood, but this one takes the cake so far.
There are about 350 homes in my neighborhood. Gated community with a clubhouse, community pool, tennis courts, park for kids, etc. Overall very nice but there are nicer ones nearby so nothing standout.
We have a small lake in the middle and about 40-50 houses are directly on the lake and have commanded ~10-20% premium over the years.
One of the lake houses is going to sell soon and didn't actually hit the market. Current owners bought January 2019 for $615,000 and had talked about wanting to move to San Diego almost since they moved in (makes me wonder why they did?). They have been doing some minor work to the house in preparation and someone randomly stopped by asking if it was going to be for sale soon... a little back and forth and it's currently under contract at
$1,000,000
It will be the first house to ever hit that 7 figure number in our neighborhood. Just blows my mind. ~62% value increase in less than 2.5 years. Bonkers!