Is there a cap for real estate appreciation?

[Mark Weins]

If properties double in value every 5 years or appreciate by 8-10% if it's the right area do property values just go up infinitely? If a house in Seattle is worth 2M in 2023 and is only 2000 square feet in a good neighbourhood, will it's value go up by 300% in 30 years? I feel a house with it's size limitations and what it is should have certain limits for the maximum price it can appreciate to. Would a property like this be worth 8M in 2053? I feel like that price would make no sense and the value of the property would be capped at 4M or an earlier point and not be able to appreciate anymore. This is coming from the perspective of an investor.