In Jacksonville Beach, Florida, Mike Cavanagh made headlines with his purchase of a uniquely narrow house, often referred to as a “spite house.”
Mike Cavanagh, a 51-year-old regional manager in the medical device industry, opted for a significant lifestyle shift by investing in a 10-foot-wide house in Jacksonville Beach. The move came after years of renting following the sale of his previous 3,700-square-foot home. Despite the curious glances and remarks from passersby about his unusual residence, Cavanagh sees his decision as a smart investment.
The house, which spans 1,547 square feet and contains two bedrooms and two and a half bathrooms, was acquired for just over $600,000. Cavanagh’s choice stemmed from a desire to downsize after his children left home. Upon viewing the property, he immediately decided to purchase it, captivated by its modern interior and appealing neighborhood. “I realized it was time to downsize once my kids got older and moved out,” he said.
Originally designed as a 15-foot-wide building, the construction had to adapt due to city restrictions, resulting in its current form. It stands out for its modern design, impressive natural light, and unique built-in features, including a platform in the upstairs bedroom that eliminates the need for a bed frame. Cavanagh mentioned that the thoughtful positioning of windows ensures a bright and welcoming atmosphere inside.
An interior designer was brought on board to enhance the house’s appeal, focusing on functionality and aesthetics. Together, they added a built-in white oak couch with custom cushions in the living room and integrated shelving and cabinets. Though he occasionally entertains, Cavanagh’s primary aim was to create a conducive environment for working from home, which is reflected in the home’s design.
An attraction in its own right, Cavanagh’s home drew significant attention online, even featuring on Zillow Gone Wild. This spirited interest has subdued somewhat over time, but the house remains a topic of conversation among locals due to its distinctive construction. Neighbors often speculate it might be turned into an Airbnb, yet Cavanagh values it as his personal dwelling.
With Jacksonville Beach’s real estate market gradually rising and an influx of new residents arriving from various parts of the country, Cavanagh is confident in his home’s potential resale value. The house symbolizes a strategic investment, offering him flexibility if he ever decides to rent it out or sell.
Throughout the experience, Cavanagh maintains a positive outlook on his purchase, emphasizing the importance of acquiring real estate that not only serves as a residence but also as a financially sound opportunity.
Mike Cavanagh’s purchase of a skinny house highlights a blend of personal lifestyle choices and shrewd investment strategy. Embracing the quirks and advantages of his unique home, he exemplifies finding value in unexpected places.
Source: Businessinsider
