Photo: Cory Holland/ Realogics Sotheby's International Realty

A dreamy coastal cottage and a smart investment? We’re all in.

By Marisa Spyker

If you’re in the market for a rental property, a vacation escape, or a forever home, a recent report from PwC consulting firm suggests heading to Seattle. (The market scored high in population growth, job growth, and attractive livability.)

And if your sights are set on the Emerald City, you might want to point them toward this charming little number downtown, which recently hit the market for $545,000. (One could say that’s a deal, considering the median listing price in Seattle is $685,000.)

Photo: Cory Holland/ Realogics Sotheby's International Realty

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Set in the Upper Queen Anne neighborhood—famously home to quaint, historic Victorian cottages—the home is tucked away on a quiet street but just a quick two miles from city landmarks like Centennial Park and the Space Needle.

From the outside, the 100-year-old carriage house is dripping with curb appeal, thanks to its indigo-hued gingerbread siding and bright red door.

Photo: Cory Holland/ Realogics Sotheby's International Realty

While it clocks in at a mere 752 square feet, the cottage uses its space wisely, with an open great room on the first floor and a resort-worthy master suite on the second. A fenced in patio adds to the cottage’s living space.

Photo: Cory Holland/ Realogics Sotheby's International Realty

Both floors feel spacious and airy, thanks to white walls and loads of natural light throughout. Upstairs, gorgeous wood-clad vaulted ceilings make the space feel even grander—and in many ways, it really is. A spa-style bath you’d expect in a five-star resort features an extra-large, tile-lined shower and long vanity with his and hers sinks.

Photo: Cory Holland/ Realogics Sotheby's International Realty

Small on space but rich in luxurious details? For the aspiring tiny house aficionado, this might be your perfect match.

Photo: Cory Holland/ Realogics Sotheby's International Realty