If you have $89,000 to spend on real estate today, you might expect to buy a tiny fixer-upper, a vacant lot, or maybe just cover a down payment on a modest suburban house. But what if we told you that same amount of money could buy you a massive 6,000-square-foot historic manor sitting on over an acre of land?
Welcome back to the craziest real estate finds on Epathgo Today, we are heading to Princeton, Missouri, to look at a truly one-of-a-kind property. Known affectionately by locals as “The Pearl,” this early 1900s stately manor is currently listed for just $89,000—an absolutely mind-blowing $15 per square foot. Whether you are looking to start a boutique hotel, an assisted living facility, or create the ultimate massive personal estate, this property is a must-see.
Property Highlights
| Feature | Details |
|---|---|
| Listing Price | $89,000 (≈ $15/sqft) |
| Location | 308 S Broadway St, Princeton, MO 64673 |
| Living Area | 6,000 Sq. Ft. |
| Bedrooms | 9+ (up to 17 reported) |
| Bathrooms | 9 (up to 12 reported) |
| Lot Size | 1.06 Acres |
| Year Built | 1900 |
| Annual Taxes | $1,334/year |
The History of “The Pearl”
Originally built as a grand residence in 1900, this stately property was later expanded and utilized as a commercial retirement home. Because of its unique history, the layout is absolutely massive.
While the official tax records state 9 bedrooms and 9 bathrooms, the listing description notes the property has been expanded to accommodate up to 17 bedrooms and 12 bathrooms. The sheer volume of space here is staggering. Inside, you will find expansive dining and living areas, dedicated office spaces, and numerous bathroom and shower facilities designed to accommodate a large number of residents.
Massive Commercial-Grade Upgrades
What makes this property a true investor’s dream isn’t just the size—it’s the expensive infrastructure already installed. Upfitting a historic home for commercial use usually costs hundreds of thousands of dollars.
However, “The Pearl” is already equipped with several major modern updates. It features multiple large kitchen areas ready to serve a crowd. More importantly, the building is fully equipped with a commercial fire sprinkler system and an internal elevator that services the basement, the main level, and the second story. These additions alone are worth more than the $89,000 asking price!
The Grounds: Over an Acre in Town
Sitting on just over an acre (1.06 acres) at the edge of town, the exterior offers just as much utility as the interior. The property is shaded by beautiful, mature trees, providing a peaceful environment.
To support its history as a multi-resident facility, the property features multiple entrances and a massive on-site parking lot. It also includes a detached garage for additional storage or workshop space.
Endless Investment Potential
At $15 a square foot, the financial upside of this property is practically limitless. Yes, the property is being sold “as-is” and will require some TLC to bring it fully back to life. But with the heavy lifting (like the elevator and sprinklers) already done, it is a blank canvas.
The annual property taxes are incredibly low at just $1,334 a year, keeping holding costs down while you renovate. The possibilities here are endless:
- Reopen it as an assisted living or group housing facility.
- Convert it into a unique boutique hotel or bed-and-breakfast.
- Transform it into an event space or retreat center.
- Or, restore it into the largest single-family historic mansion in town!
What would YOU do with a 6,000-square-foot manor? Would you flip it for commercial use or live in it? Let us know your craziest ideas in the comments below!
Listed on Zillow