Views of grass and people's footsteps fill this elf cottage's wonderful panoramas. The listing describes the property as "a little (we mean really little) slice of paradise that you could call your own for the attractive price of 18 tiny bits and bobs (phrazle or best offer)" and notes that the "pint-sized" home comes with "Skyr insurance," or a life-sized fridge full of Icelandic Provisions skyr and a reward of $10,000.

The inside is styled like a typical Icelandic dwelling and has little faux-fur rugs, a sleeping bench, patchwork blankets, wooden furniture, and a floor and worktops covered in a uniform tile pattern. There is a stone fireplace in the living area, and the walls are covered with little paintings and pictures.

Make an offer on the elf house via elfrealtor.com. You don't have to worry about actually paying for the home, since the bids range from "six pairs of mini shoes" to "14 small rocks." If you want a shot at winning the prize, you need to get your offer in before November 30 at midnight.

According to a press release obtained by Travel + Leisure, the company's chief marketing officer, Dan Hickle, said, "We are so excited to bring a mix of possibility, Icelandic lore, and some lighthearted fun to fans everywhere looking to become homeowners." (In 2007, 62% of Icelanders were found to believe in elves in a poll conducted by the University of Iceland; nowadays, you can see miniature elf houses built up all throughout the nation.)

Zillow.com has the whole listing and all the rules for the contest.