Developer Pays $1,700 for an Inch of Land | Real Estate Blogging

Saturday, November 26, 2005

Developer Pays $1,700 for an Inch of Land

A Michigan real estate developer was the highest bidder for a square-inch piece of land in Owen County, shelling out $1,752.60 for the parcel in a wooded ravine.

Andy Gutman, chief financial officer with NAI Farbman near Detroit, had the highest of nine bids and won the postage stamp-sized property on eBay.

What makes this land so special? Don't know!

It appears to be one of those eBay gimmicks, and this developer saw it gimmicky enough to pay $1,700. Must be nice to have money laying around.

Read the full article.

2 comments:

Dad said...

$1700 for a square inch of land?
In that case I'll contact him and see if he'll fund a small piece of my kids college at www.putmykidsthroughcollege.com

Regards,
Dad

kthor said...

[URL=http://www.johnhomesonline.com][COLOR=Teal]East Bay Real Estate[/COLOR][/URL]

Think I might get rich with this guy !

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