Go Ahead Big Spender, Buy Your Own Town
If a $90 million dollar apartment (5,000 square feet! On Central Park South!) doesn’t do it for you, perhaps you’d like something a bit more expansive. These days, the total ballers are blowing their loads not on single residences, but entire towns. For a mere $900,000, a Vietnamese buyer purchased the town of Buford, Wyoming. But that’s not really a deal, compared to the couple who bought the tiny town of Wauconda, Washington, for $360,000. And of course, Kim Basinger famously purchased the town of Braselton, Georgia for $20 million in 1989 — and then sold it five years later for $1 million. Whoops!
If you’re looking to purchase a small town or two, may we suggest Garryowen, Montana? The town, population two, features a gas station, one building, and the dubious distinction of being the starting point for Custer’s Last Stand, otherwise known as the Battle of Little Big Horn. The auction for the town starts on August 15, and the opening bid is $250,000. And if you’d like to own a town abroad, there’s Valle Piola, Italy. Nobody lives there, but there small town is made up of 11 stone buildings, several of which date back to the 13th century. It’s just $800,000, which comes out to less than $100,000 per structure. But if you’re really looking to be lord of the manor, try Toomsboro, Georgia, population 700. At only $2.5 million, it’s a veritable bargain. Plus it has its own barber shop and 18-room hotel. Free haircuts for life! [CNBC]