5 holiday real estate deals (MoneyWatch) According to most Christmas movies, Santa has a pretty nice setup at the North Pole: Plenty of acreage, enough room for hundreds of elves and a stable that easily houses nine reindeer. But if he's ever looking for a second home -- an investment property, perhaps? -- any one of these holiday deals should do the trick. Modern ranch in North Pole, Alaska Santa will feel right at home in this Alaskan town, and this ranch home is the perfect place to get away after the hustle and bustle of the holidays. Priced at $159,900, it spans 1,150 square feet and features three bedrooms, one bathroom and modest yet modern updates. It even has a two-car heated garage.