Sold? Tiny Texas Town Fetches $3.8 Mil on eBay

By: Associated Press
By: Associated Press

SAN ANTONIO -- Someone in Italy is the new owner of a tiny Central Texas town -- maybe.

An unknown Italian buyer put up a winning bid of nearly $4 million Friday on eBay to purchase the town of Albert.

About 60 miles north of San Antonio, Albert is 13 acres, unpopulated and comes with one three-bedroom house.

But Bobby Cave, who currently owns the town, can't sign over the deed just yet. Cave says he's still trying to make sure his buyer is legitimate, since there are no contractual obligations when it comes to real estate sold through eBay.

Even if the deal doesn't go through, Cave said he has about five other prospective buyers genuinely interested in the town.

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