Only in the Bay Area: An 800-sq.-ft. home sold for a record-breaking $2 million

This 800-sq.-ft. Sunnyvale home sold for $2 million in February. This 800-sq.-ft. Sunnyvale home sold for $2 million in February. Photo: Google Maps Photo: Google Maps Image 1 of / 29 Caption Close Only in the Bay Area: An 800-sq.-ft. home sold for a record-breaking $2 million 1 / 29 Back to Gallery

One hardly bats an eye at a multimillion dollar home on the Bay Area market these days, but a recent sale in a South Bay suburb is sufficient to spike your blood pressure.

The home in question is a quaint bungalow in Sunnyvale that sold for $2 million on Feb. 20 – $550,000 over asking. The hefty price tag might not be shocking, but the size of the home should – the house is a quaint 848 square feet. To put that into perspective, a single square foot costs a whopping $2,358.

That's record-breaking in Sunnyvale, according to a Mercury News interview with real estate MLS Listings.

The unassuming suburb, wedged between Palo Alto and San Jose, has historically proffered more affordable housing than its upscale neighbors, but that seems to be changing as the Bay Area housing crisis persists.

The median home price in Sunnyvale is $1.8 million, according to Zillow figures. Home values in the city have increased a shocking 25 percent in the past year, and are projected to rise an additional 7 percent in the next year.

This particularly pricy Plymouth Drive home might not have much going for it in terms of space – it has just two bedrooms and a single-car garage – but it resides close to multiple tech company campuses, and within a highly rated school district. Plus, the home is built on a 6,000-square-foot lot, meaning the owner could easily tear it down and rebuild.

Michelle Robertson is an SFGATE staff writer. Email her at mrobertson@sfchronicle.com or find her on Twitter at @mrobertsonsf.