Profiting from a Modern Day Land Grab

BOSTON (TheStreet) -- Despite deeply discounted housing stock, there are those who dream of building a home of their own.

Laying the foundation first means owning land, so it's good there are still bargains to be found. Such states as Alaska, Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah and Wyoming have pockets rural enough to drive down the cost per acre.

Among the least expensive land listed through Realtor.Com, the website of the National Association of Realtors, are a 1.25-acre, $1,000 plot in Frostproof, Fla.; a $1,200 acre in Belen, N.M.; and six acres in Hokley, Texas, for $1,306 .

By comparison, the most expensive lots on sale include: Salt Lake City ($999,900,000); Beryl, Utah ($146,247,750) ; Fort Myers, Fla. ($100,000,000); Virginia City, Nev. ($90,000,900) Franklin, Conn. ($85,000,000); Las Vegas ($71,548,000); Calverton, N.Y. ($68,000,000); Yaphank, N.Y. ($66,700,980); Hana, Hawaii ($65,000,000); Talking Rock, Ga., ($59,150,000); Dragoon, Ariz. ($58,825,000) and Meeker, Colo. ($55,000,000)

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