Bay Area residents are used to seeing luxury homes listed for millions of dollars, but even they were floored by a recent home listing. An uninhabitable fixer-upper in affluent Palo Alto priced at $2 million has become a viral sensation, leaving people worldwide scratching their heads. The listing, for a dilapidated 1950s-era home, includes green shag carpeting, wood-paneled walls and outdated floral wallpaper.
Olivia McNally of McNally and Associates, the listing agent, showcased the run-down property in a cheeky video set to Sabrina Carpenter’s “Espresso.” A post shared by Olivia McNally | Realtor 🏡 SF Bay Area (@mcnallyassociates.real.
estate) McNally posted the video, titled “What $2M gets you in Palo Alto, CA,” on her Instagram two weeks ago. Since then, it’s blown up, racking up more than 12 million views, 220,000 shares, and nearly 50,000 comments. It’s been reposted countless times, serving as Exhibit A for the absurdity of the Bay Area housing market.
“I understand why people elsewhere might think, ‘Oh my gosh, I could buy a mansion for $2 million in my hometown,’” McNally told the San Francisco Chronicle . “We’re in such a bubble here. We’re in this 1 percent of the world doing real estate differently.
” The $2 million “gem” at 604 Chimalus Dr. sits in Palo Alto’s posh Barron Park neighborhood. Even though the 1950s house is uninhabitable, it’s on a quiet cul-de-sac, has three bedrooms, one bathroom and a detached two-car garag.
