Seattle's property market has unveiled an "urban cabin" in Magnolia, priced at a jaw-dropping $712,400, a sum that may raise eyebrows considering its modest 420-square-foot figure. A mere stone's throw from Magnolia Park and public beach, this historical holdover from 1949 costs an astonishing $1,696 per square foot, according to FOX 13 Seattle, dwarfing the city's median price which Redfin pegs at $578.

Nudging well past the ordinary, the home's price per square foot shoots up a staggering 183% over Seattle's average the cabin's intriguing past as a caretaker's lodge of a once opulent estate cannot be ignored, and its location, merely a relocation from its original perch in 1949. Compass real estate agent Teresa Simanton, in an interview with FOX 13 Seattle, disclosed that the cabin served the Green family of Green’s Fine Furs fame and nestled originally near the horse stables belonging to the prosperous clan at 2010 Wolfe Place.

Historical charm aside, this lone-standing structure, formerly one of a duo, basks in the limelight through its feature in "Magnolia, Memories & Milestones"—a collection boasting over 300 photographs. The urban cabin has watched the neighborhood evolve around it, soaring in value since its mid-20th-century days to take a place amongst Seattle's modern real estate offerings.

A confirmed gardener's paradise, enclosed by the verdant bounty of the Pacific Northwest, this quaint residence dares to offer the elusive tranquility that eludes many urban dwellings, yet it preserves an arms-reach proximity to the bustle of Magnolia Village. The listing emphasizes its serenity and, as FOX 13 Seattle reports, promises "a private, serene and secluded atmosphere" that could very well seduce those longing for a historic slice of Seattle interspersed with the city's dynamic rhythm.