Either someone is going to have a VERY Merry Christmas or that price has a typo. I assume the figure has lost its last 0, which would make it a competitive price. The last one that sold, BANZAI, was listed at around $275K and needed an overhaul. Boothbay Shipyard wants about $720K for a freshly restored one, and is asking $425K for ALERA.
Judging by the photos, she will need some work if the new owner wants to make her authentic. The tiller has been replaced with a wheel, and the house has been modified.