San Francisco 'Shack' For Sale

SAN FRANCISCO, CA -- Don't let the pretty photos on realtor.com fool you. That's what your new home at 863 Carolina Street in San Francisco can look like, after you spend $2.5 million for the lot and the existing 1907 falling-down shack on it. The tear-down costs and construction expenses for your dream home will add to the tag.

Why such an outrageous price? Here's the magical explanation in the realtor listing, "A rarely approved entitlement to demolish an existing shack and build one level above the neighboring structures. San Francisco Planning Department approved and zoned for 4,451 square feet, four floors, four bedrooms, four full baths, a two-car garage and a private elevator to each floor. The two-unit building plans could be applicable for occupancy by one family for a large and luxurious home."

That whole permitting process typically takes about two years in San Francisco, so the person who purchases this property is also buying time.

Here's how the home currently looks, holes in the roof and all:

• Address: 863 Carolina St, San Francisco, California
• Price: $2,500,000
• Square Feet: 4451
• Bedrooms:
• Bathrooms: 0 Baths
• Built: 1907
• Features: A once in a lifetime opportunity to experience San Francisco's next chapter from above. Watch the sunshine over the fog from the crest of Potrero Hill and enjoy 360-degree views of the cityscape.

This listing originally appeared on realtor.com. For more information and photos, click here.

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