Cost of building a new home
In 2013, in our fairly affluent Los Angeles neighborhood, a not-so-nice house nearby sold for $850,000. The buyer tore it down a built a GORGEOUS 4360-sq-ft Cape Cod/Hamptons style luxury home. The lot size is about 7400 sq feet. It's selling for $2.4M, which I'm sure they'll get for it. How much do you think it cost to build this house?