Nowadays, when it comes to buying a home, $1 million stretches a lot further than it did in 2007. In downtown Boston, you can find a 966-square-feet, two-bedroom, two-bath luxury condo for just over $1 million. In Chicago’s Hyde Park, $1 million will buy a historic 3,000-plus-square-feet home with five bedrooms, two baths and a gourmet kitchen. In Philadelphia’s Center City, a luxury high-rise condo that measures 1,550 square feet and has two bedrooms and two baths is about $1 million. In Miami, $1 million will buy a custom 3,400-square-feet home with four bedrooms, three baths and a swimming pool in Coconut Grove or a 1,500-square-feet luxury condo with two bedrooms and two and a half bathrooms in downtown Miami.
And if you’re interested in purchasing a $1 million home in the Charleston-area real estate market, you have quite a variety available to you as well. From 200-year homes with manicured gardens in downtown Charleston, to airy luxury beach homes on the Isle of Palms to sprawling state-of-the-are newer golf-course-community homes on Daniel Island.