Why This Tiny Redmond Home Costs $1.5 Million

REDMOND, WA — For just $1.5 million, all this could be yours: two bedrooms, 1-1/2 bathrooms, 1,000 square-feet, and Thomasville cabinets?

This home near downtown Redmond is nice enough, and it even comes with a detached shop that's actually bigger than the house (1,300 square-feet). But the real draw here seems to be the property's mixed-use zoning.

In just a few years, there will be a light rail station within a few blocks. And there's already plenty within walking distance. But for $1.5 million, you're probably buying the opportunity to redevelop the property into something much bigger, and more lucrative.

• Address: 8410 165th Ave NE, Redmond, Washington
• Price: $1,490,000
• Square Feet: 1020
• Bedrooms: 2
• Bathrooms: 2 Baths
• Built: 1950
• Features: A rare opportunity to run a business from home in desirable DT Redmond. Comfortable 2bd/1.5ba home plus detached 1300+ sqft shop complete with kitchenette/0.5ba & off street parking behind. Mix-use zoning & abundant possibilities for utilization. Thomasville cabinets, walk-in closet, labradorite counters, secure dog run off side & loft upstairs of office. 91 Walk Score to Town Center shopping, restaurants, transit center, light rail station, Marymoor Park & Microsoft.

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