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Kitchen and living room

"Some people think they have to crawl through a hole to get in, but once they're in, it's really nice," Michaels says.

The fully stocked kitchen has granite counters. The beds have 400 thread count sheets, the Blu-Ray player has Lord of the Rings and other movies, and the couch has dual recliners.

Guests are greeted on arrival with a complimentary bottle of wine or champagne, and Michaels' wife makes "troll house cookies"—a big cookie with a peanut M&M in middle like a little door.