Homes: What you can buy for $800,000
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Homes for $800,000 aren't as extravagant as they might seem.
While this price point is more than four times the current $179,200 median home value in the U.S., it won't buy more than a bedroom and a small kitchen in the trendy Brooklyn, New York, market. In Philly, it'll buy a two-bedroom condo and a chance at snagging one of its available parking spaces -- with the right offer only.
Depending on where you look, however, $800,000 can buy some pretty swanky amenities. In Atlanta and Miami Beach, that amount will still buy condos, but in buildings with pools and valet parking. In Indianapolis, it'll buy a rec room, multiple fireplaces and a home bar.
Check out what $800,000 will buy in 10 cities across the country.
Denver, Colorado
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This three-bedroom, three-bathroom, 2,528-square-foot townhouse in South Denver went on the market this month for $800,000. It was last listed in March of this year for $835,000, according to Zillow, but after an April pending sale, the listing was removed. The property last sold in January 2013 for $600,000 -- 33 percent less than its current listing price. It's more expensive than the median home value in the area, which is just over $598,000.
Denver, Colorado
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The suite on the 20th floor of its building, which was built in 1971, features a covered balcony with a Rocky Mountain view, pantry, an in-unit laundry room, eat-in kitchen, built-in shelving and access to the building's pools, hot tubs, gym, bike storage, tennis court and clubhouse.
Raleigh, North Carolina
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A buyer in the Umstead neighborhood of Raleigh, North Carolina, could snag this five-bedroom, five-bathroom transitional-style home for $795,000 after a price reduction from $800,000 earlier this month. It sits on Briar Creek Country Club land and has 6,037 square feet of space. The property was last listed for $834,900 in August 2014, and went through a price cut before being taken off the market two months later. It's significantly pricier than the median home value in the area, which is currently about $253,000, according to Zillow.
Raleigh, North Carolina
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It has a brick exterior, sunroom, rec room, fitness room, bar, finished basement, deck, mother-in-law suite, hardwood flooring and several fireplaces.
Brooklyn, New York
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In the hot Prospect Heights neighborhood of Brooklyn, $800,000 probably won't go far. This one-bedroom, one-bathroom condo, for example, was listed at that price this month. It's very close to the median home value in the area, which is currently about $831,000, according to Zillow.
Brooklyn, New York
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The unit is in a brand new building with a doorman and features 10-foot ceilings, hardwood flooring, in-unit laundry, views of Pacific Park and access to a rooftop terrace, library and lounge.
Philadelphia, Pennsylvania
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This two-bedroom, two-bathroom condo in the Center City area of Philadelphia is currently on the market for $800,000. It was listed in March for $829,000, and the price was cut by about 4 percent a month later. The condo has been on and off the market a few times since May 2008, when it was also listed for $800,000. It's much more expensive than the median home value in the area, which is about $448,000.
Philadelphia, Pennsylvania
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It has 1,950 square feet of space, hardwood flooring, antique wooden paneling, several fireplaces, built-in shelving, a walk-in closet, jetted bathtub and parking space available with an "acceptable offer."
Indianapolis, Indiana
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In the Allisonville neighborhood of Indianapolis, $800,000 will buy this five-bedroom, 5.5-bathroom Georgian-style home. It last sold in March 2006 for approximately $778,000. The property is much more expensive than the relatively modest $177,000 median home value in the area.
Indianapolis, Indiana
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It's in a gated community with a clubhouse and pool, has a brick exterior and 7,033 square feet of space. The home features built-in shelving, several fireplaces, an open floor plan, a finished basement, deck, patio, three-car garage, breakfast nook, pantry, walk-in closet, rec room, bar and jetted bathtub.
Atlanta, Georgia
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This two-bedroom, two-bathroom, 2,262-square-foot condo in the Buckhead area of Atlanta is on the market for $800,000. It last sold in February 2014 for $762,500, but in March 2006 -- during the housing bubble -- it went for almost $1 million. The unit is much more expensive than the median home value, which is approximately $304,000, according to Zillow.
Atlanta, Georgia
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The condo features hardwood flooring, a balcony with an impressive city view, large windows, spa-like master bath with jetted bathtub and walk-in closet. The lux high-rise building was built in 1999 and has a pool, fitness room, clubhouse, wine cellar, guest suites and valet parking.
Houston, Texas
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This three-bedroom, 2.5-bathroom, Mediterranean-style home in the Great Uptown area of Houston is on the market for $800,000. It was first listed in February for $915,000 and has seen two price cuts since then. The property had a pending sale in July 2014, according to Zillow, but that fell through. It's considerably more expensive than the $544,300 median home value in the area.
Houston, Texas
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The house was built in 2006 and has 3,890 square feet of space. It features a two-car garage, decorative spiral staircase, exposed stone walls, ornate light fixtures, several fireplaces, a jetted bathtub, patio, library and backyard fountain.
Seattle, Washington
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In the Southeast Magnolia neighborhood of Seattle, this three-bedroom, three-bathroom, 1,928-square-foot, urban home is on the market for $775,000. It was listed earlier this month for $800,000, but the price was recently reduced by about 3 percent. The property is slightly more expensive than the median home value in the area, which is currently about $694,000, according to Zillow.
Seattle, Washington
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It was built this year and features 10-foot ceilings, hardwood flooring, a floating glass staircase, fireplace, walk-in closet, pantry and rooftop patio.
Miami Beach, Florida
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This two-bedroom, two-bathroom condo in the North Shore area of Miami Beach, Florida was listed this month for $800,000. Prior to that, the unit was for rent at $3,900 per month. It's considerably more expensive than the approximately $260,000 median home value in the area.
Miami Beach, Florida
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The building was built in 2013 and provides residents with access to a fitness center and pool, valet parking, security and a concierge. The 938-square-foot condo features a balcony with a view of the bay, a relatively small-but-open kitchen area, master bath with a double vanity and large windows.
Chicago, Illinois
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In the Lincoln Park neighborhood of Chicago, $800,000 could buy this three-bedroom, 2.5-bathroom, 2,554-square-foot condo. It last sold for $690,000 in July 2013. The unit is more than twice as expensive as the median home value in the area, which is currently about $387,000, according to Zillow.
Chicago, Illinois
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The brick building, which was built in 1996, has three stories and a parking garage. The individual unit features hardwood flooring, vaulted ceilings, a walk-in closet, balcony, fireplace, spa-like master bath and in-unit laundry.