This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Bizarre Real Estate Opportunities

The Pedens' underground home offers roughly 20,000 square feet of space and includes 34 acres. He has added a greenhouse and an apartment unit for guests above ground. A private airstrip runs alongside the property.

Over his 16 years in this business, Peden -- who has 10 sites for sale across the country -- has seen these bases prove to be one of the few real estate investments to grow continually in value.

"These are in very limited supply, and there are not going to be many more things like this built and offered to the public. All of the missile sites now that are being decommissioned and coming offline are being imploded and destroyed because of treaty agreements. With the older sites -- and they are the bigger, more interesting ones anyway -- there is a very fixed number of these, and it's a strong asset that is growing in value. There are numerous people buying them for the tremendous investment potential they hold, and then others are really just looking forward to a safe haven, underground, nuclear-proof bunker to live in."

"There is a growing fear and uncertainty in the country, and we are getting more calls and emails than ever wanting an underground structure," he says. "The earthquake in Japan and the talk of radiation in the atmosphere makes people nervous. Being underground is definitely a safe, very strong place to live."

So what will that sense of security cost you?

Peden says he initially sold sites for around $50,000, with only a rare few reaching close to $100,000. Today, "there is nothing under $100,000, and it's difficult to find anything under $200,000."

"We find that if you put materials and labor into the refurbishment of one of these structures, the value just soars," he says. "Some that have been worked with are now selling in the million-dollar range. We have a property for $2.3 million, another one for $2.8 million. The value can just really go upward as these are cleaned up and made useful."

Cold War-era bunkers aren't the only unique deal out there that the typical Realtor would be hard-pressed to showcase in the local Pennysaver.

Here are some other specialty properties looking for unique buyers:

2 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,051.73 -48.45 -0.28%
S&P 500 1,973.63 -4.59 -0.23%
NASDAQ 4,424.7040 -7.4420 -0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs