You Could Own a Town in California for Only $6 Million
Forget buying a dream home. Why not buy a dream town to call your own?
According to the San Diego Union-Tribune, the downtown section of the rural town of Campo, California is officially up for sale and will cost anywhere from $5.5 million to $6 million.
Back in 1994, Campo sold for $1.74 million or $3 million when adjusted for today’s inflation, the Union-Tribune reported in an earlier story. In over two decades, the owner, Las Vegas investor John Ray, added his own upgrades and improvements on the area while maintaining the original charm of the town that is said to represent California's "old west."
The 16-acre village that makes up the multimillion dollar deal, is only one hour from the beach and 55 miles from downtown San Diego. The sale includes not only the land, but also 28 homes and seven commercial properties complete with a post office and a Baptist church. The specific area is home to 100 residents. More information can be found on the listing website.
The town was once home to the Buffalo Soldiers, the only all African-American cavalry unit in the U.S. Army in World War II. Today, given its 1-mile distance from the Mexican border, many residents work for U.S. Customs and Border Protection.
“This is a very unique opportunity for an investor to own the downtown portion of a small town. It’s a very unique opportunity that doesn’t come around often,” the town’s listing agent, Conor Brennan, told the local outlet.
Longtime resident, Lucy Thomas, said the town is a quaint, safe and lovely place to live.
“It’s a place where children can ride their bikes after dark,” the 86-year-old resident Lucy Thomas, who has lived there since the 1940s, said. “Everybody looks after each other.”
Believe it or not, real estate sales of towns aren’t unheard of.