Why Wait? Forclose On Your Own Town!

Alright everybody, the bidding starts at $883,000. What are you bidding on, you ask? The small ghost town of Albert, TX is up for grabs.

Founded by Albert "Luckenbach" in 1892, the town of Albert is located in the wine region of Texas Hill Country about 20 miles southeast of Fredericksburg in Gillespie County. The town features an 85 year old dancehall, a general store converted to an icehouse and beergarden, a limestone schoolhouse (attended by Lyndon B Johnson in 1921), 41 pecan trees, a 200 year old oak tree, and a three bedroom/two bathroom home.

According the Handbook of Texas in 1925 Albert had 50 residents, and 25 in 2000. Now a small sign outside of town reads population "4."

Owner Bobby Cave, put the town up for sale on Ebay, October of last year with a reserve price $2.5 million dollars. Cave says "he's ready to move onto his next venture." He bought the property in March of 2003 for $216,000 and has spent approximately $100,000 restoring the ghost town and setting up a business. The icehouse and dancehall can both accomodate 500 people, and would be a perfect venue for weddings, anniversaries, or any get together.

"I didn't expect Albert, to get up and going as quickly as it did," said Cave. "It's doing exactly as I wanted it to do. We're open every weekend, and I think it's time for the next guy to take it to the next step."