The firm's designer, Ülar Mark, said residents in Spain, France, and the UK have traded mansions for traditional homes and apartments. The 2,000-square-foot apartment awaits the same destiny, he said, and will soon be swapped for even tinier spaces.
The concept of a floating tiny home is a bit ahead of its time, said Birgit Linnamäe, the firm's CEO.
"The whole construction and housing industry has become too rigid," she told Business Insider. "The legislative settings for floating homes in different European countries are not quite in place."
Mark said he envisions the homes being manufactured in bulk, like cars. The design, he said, is a blank canvas on which people can project their personal taste.
The company has already built an entire village of tiny homes in Estonia, and are now putting the finishing touches on Koda Park, a mixed-use community with its own solar technology and wastewater treatment system. Linnamäe said the development, which can be built on vacant lots, doesn't require heavy permitting.
The company's original model, Koda, was made of heavy concrete that weighed around 30 tons. The price of that home, including installation and delivery, was around $150,000.
Kodasema has since introduced lighter materials like timber and plywood that can be recycled and last 50 years. Linnamäe said the company is on its way to building homes that start at $20,000.
In less than 280 square feet, residents have access to a kitchen, living room, bedroom, and bathroom.
Mark said most people see it as a living unit. The company has garnered interest from around the world in places like the Gulf, New Zealand, Africa, and North and South America. It has already delivered models to Norway, Germany, and the UK.
"The design task was to take off everything that's not needed," Mark told Business Insider. The company thinks the idea will resonate with people looking to explore a new way of living.
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