Take a peek inside Santa's $1.15M North Pole home on Zillow

Rhea-AI Summary

On December 13, 2022, Zillow announced a unique listing: Santa's North Pole cabin, valued at $1,154,137. This property features a toy workshop and an elf village that can be toured in 3D via Zillow's website. Since 2016, when it was initially valued at just over $650,000, the home has appreciated significantly, increasing 12% in the past year and nearly 77% over six years. Zillow's listing has attracted over 3 million visitors, making it one of their most viewed properties, and showcases their innovative approach to real estate during the holiday season.

Positive

• Santa's cabin appreciated from over $650,000 to $1,154,137, a 12% increase in one year.
• Zillow's listing has over 3 million views, enhancing brand visibility.
• The virtual tour of Santa's home and elf village adds a unique customer engagement experience.

Negative

• None.

One of Zillow's most popular listings sits on 25 acres and features a world-class toy shop and a whimsical elf village that you can tour in 3D

SEATTLE, Dec. 13, 2022 /PRNewswire/ -- With the holiday season in full swing, Santa is busy getting toys ready at his North Pole cabin and state-of-the-art toy workshop. The secluded property is now worth an estimated $1,154,137, according to Zillow®.

By visiting zillow.com/house/santas-house, Zillow users can get a firsthand look inside Santa's home, and even take a 3D tour of the Elf Village. In addition, children can start following Santa's Christmas Eve trek via the official NORAD Santa Tracker, right from Santa's home detail page on Zillow, as he delivers presents around the world.

Santa and Mrs. Claus first claimed their home on the Zillow website in 2016, giving people around the world a glimpse into their enchanted lives. More than 3 million people have Zillow-surfed Santa's home, making it one of the most viewed homes on Zillow's website.

"Santa gets a peek into millions of homes each year. Now, millions of Zillow surfers are getting a peek into one of the most famous homes in the world," said Amanda Pendleton, Zillow's home trends expert. "Touring Santa's house on Zillow has become a new, high-tech holiday tradition. The immersive virtual 3D Home tour of the Elf Village allows families to explore this corner of the North Pole from the comfort of their living room, preferably by the fire with a mug of hot cocoa."

Santa's home was worth just over $650,000 when he first claimed his home on Zillow six years ago. Now the home has appreciated enough to earn Santa a tidy return, and like many homeowners in the U.S., Santa is seeing a surge in his home's equity¹. The value of his house has increased 12% over the past year and nearly 77% over the past six years.

Zillow first calculated a special Zestimate value for Santa's one-of-a-kind property using comparable homes in remote locations² and applying a Santa premium³.

About Zillow Group

Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter. As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting, or financing with transparency and ease.

Zillow Group's affiliates and subsidiaries include Zillow®; Zillow Premier Agent®; Zillow Home Loans™; Zillow Closing Services™; Trulia®; Out East®; StreetEasy®; HotPads®; and ShowingTime+™, which houses ShowingTime®, Bridge Interactive®, and dotloop®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).

¹ Recent data shows that 48.5% of U.S. homeowners with a mortgage are considered 'equity-rich' – meaning the amount they owe on their mortgages is no more than 50% of their home's estimated value.

² Zillow looked at remote locations on the coast of Alaska, as close to the North Pole as possible.

³ According to a FiveThirtyEight® survey, 78% of respondents cited Christmas as one of their favorite holidays. Given that popularity, Zillow increased the preliminary Zestimate value, which was determined by analyzing comparable homes in remote locations, by 78%, which is what Zillow deemed the "Santa premium."

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SOURCE Zillow

FAQ

What is the current value of Santa's house listed on Zillow?

Santa's North Pole cabin is currently valued at $1,154,137.

How much has Santa's home appreciated since being listed on Zillow?

Santa's home has appreciated by 12% over the past year and nearly 77% over six years.

How many people have viewed Santa's home on Zillow?

Over 3 million people have visited Santa's home listing on Zillow.

What features does Santa's cabin on Zillow include?

The listing includes a world-class toy shop and a 3D tour of a whimsical elf village.

When did Santa first list his home on Zillow?

Santa first claimed his home on Zillow in 2016.