Tiny home with not-so-tiny price Sunset Hill cottage listed for $280,000

This home at 3410 N.W. 65th St. in Seattle's Sunset Hill neighborhood is listed for $280,000 -- that's $583 per square foot! The studio home has a ¾ bathroom, an unfinished basement and sits on a 1,750 square foot lot. You can see the full listing here. less This home at 3410 N.W. 65th St. in Seattle's Sunset Hill neighborhood is listed for $280,000 -- that's $583 per square foot! The studio home has a ¾ bathroom, an unfinished basement and sits on a 1,750 square ... more Photo: Courtesy Of Sara Medford And Christine Olsen Reis Photo: Courtesy Of Sara Medford And Christine Olsen Reis Image 1 of / 9 Caption Close Tiny home with not-so-tiny price 1 / 9 Back to Gallery

If you needed yet another sign Seattle's housing market is out of control, look no farther than Sunset Hill. This tiny "cottage" in one of Seattle's spendiest neighborhoods is listed for a $280,000.

The studio -- no, there's not even a bedroom -- has a three-quarters bathroom and an unfinished basement. At just 480 square feet, it could fit comfortably on the deck of this home in West Seattle.

Its $583 price-per-square-foot puts it on par with this $1.699 million home in Queen Anne or this beautiful $1.398 million Tudor in Madrona.

A quick search on Redfin reveals the average list price for homes that are 500 square feet or less is $249,950, with an average price-per-square-foot of $602. Keep in mind, those numbers include fancier homes that skew the data set, such as this floating home on Lake Union and this unit in a luxury downtown condo.

So what's to make of all this? Yes the little home is expensive, but it's just a glaring symptom of a housing market that is red hot.