5 Ghost Towns and Mining Settlements You Can Buy Right Now Starting at $300K

by Kellie Speed

If you have ever wanted to buy a historical mining property or ghost town, now is your affordable opportunity.

Whether you are seeking to restore abandoned buildings preserved in their original condition or prefer a preserved taste of the Wild West, these fascinating properties offer a chance to buy a spooky piece of history.

While many deserted towns have been desolate for decades and their "haunted" status is unconfirmed, their allure remains for the savvy buyer looking to score a deal.

From Oklahoma to Colorado, we found five scary-good deals starting at $300,000.

1. 820 County Road 9, Silverton, CO

Price: $325,000

Frisco-Bagley Mill: This 30.99-acre property near the well-known ghost town of Animas Forks on the Alpine Loop features a historic mill and an off-grid cabin.

Listed on the National Register of Historic Places, the 1912 mill offers a buyer the “rare opportunity to own a piece of American heritage.” Built in 1999, the cabin has just 300 square feet of living space and is heated by a propane catalytic heater and a kerosene space heater. The rustic space has spring-fed plumbing and a solar-powered stove and refrigerator.

According to the listing, the property is “eligible for grants and tax incentives related to historic properties, mining reclamation, and economic development.”

Michelle Furi of Berkshire Hathaway HomeServices Colorado Properties is the listing agent.

Historic property in Silverton, CO, on sale for $325,000 — The property in Silverton, CO, includes a historic mill and an off-grid cabin. (Realtor.com)

Aerial of historic property in Silverton, CO, on sale for $325,000 — An aerial view of the property (Realtor.com)

2. 7101 E White Pacheco St, Willcox, AZ

Price: $454,000

Dos Cabezas Inn: Located in a historical former mining town, this 3.01-acre property includes three separate structures and currently operates as a short-term rental.

Surrounded by scenic mountain views and just minutes from the vineyards of Willcox wine country, this homestead-style retreat also offers potential for multigenerational living. A one-bedroom main house accommodates up to four guests with the addition of a queen sleeper sofa. The two-bedroom pioneer house offers rustic charm and a kitchenette, while the bunkhouse provides accommodations for up to three guests. Each structure has its own private entrance, offering flexibility, privacy, and a variety of potential uses.

The property is being offered fully furnished.

Josh Meacham of HomeSmart Pros is the listing agent.

Dos Cabezas Inn in Wilcox, AZ, on sale for $454,000 — Dos Cabezas Inn in Willcox, AZ, features three separate structures. (Realtor.com)

Interior of Dos Cabezas Inn in Wilcox, AZ, on sale for $454,000 — The property currently operates as a short-term rental (Realtor.com)

3. 905 S Ghost Town Trl, Pearce, AZ

Price: $1,000,000

Old Pearce Mercantile: Listed on the National Register of Historic Places, the Old Pearce Store is recognized as “the tallest adobe building in Cochise County.”

Built in 1895, this historic landmark was meticulously restored in 2019, bringing it back to its original glory. The property features one-bedroom living quarters with period-appropriate fixtures, modern updates, and a private patio. An enclosed courtyard is surrounded by historic outbuildings, including a working blacksmith shop, storage areas, buggy garages, and a ramada.

Offered furnished, the versatile property has commercial and residential potential for tourism, a rental investment, or conversion into an event venue.

Alexander Plot of Engel & Völkers Tucson is the listing agent.

1895 Old Pearce Mercantile in Pearce, AZ, on sale for $1,000,000 — The Old Pearce Store is recognized as “the tallest adobe building in Cochise County" in Pearce, AZ. (Realtor.com)

Interior of 1895 Old Pearce Mercantile in Pearce, AZ, on sale for $1,000,000 — The property is being offered furnished. (Realtor.com)

4. 40082 County Road 591, Jay, OK

Price: $300,000

Western-style town: Spanning 15 acres, this distinctive property offers investors an opportunity to revitalize a collection of rustic, Western-themed structures, including a former restaurant, church, general store, and bathhouse.

Additional buildings include a sheriff’s office with jail cells, five apartment-style units, multiple shops, and storage facilities. The listing notes that two buildings have sustained fire damage and that the property does not qualify for VA, FHA, or USDA financing. Owner financing is available, offering a potential alternative for qualified buyers.

A two-story residence features two separate living areas and two kitchens, providing flexibility for multigenerational living, extended family, or guest accommodations.

The Menard Group of Keller Williams Realty Grand Lake is the listing agent.

Western-style town in Jay, OK, on sale for $300,000 — This 15-acre property in Jay, OK, offers investors an opportunity to revitalize a collection of rustic structures. (Realtor.com)

Sheriff's office at western-style town in Jay, OK, on sale for $300,000 — Among the buildings is a sheriff’s office with jail cells. (Realtor.com)

5. 840 Forest Service Rd # 890, White Pine, CO

Price: $525,000

White Pine Mining Enclave: This 140-acre mountain retreat comprises a collection of mining claims. It's being offered for the first time in more than 80 years.

Located outside a historical mining town, this gated hunting and recreational property is surrounded by a National Forest and offers high-elevation views of mountain creeks, pine and aspen forests, and an extensive network of roads. Preserving a piece of the area's mining heritage, an original air compressor shed has been converted into a two-bedroom cabin featuring a concrete floor and steel window coverings.

The secluded setting and expansive acreage offer a private legacy retreat where generations can gather, hunt, and explore acres of untouched terrain.

John (Bobby) Overturf of Bluebird Real Estate is the listing agent.

White Pine Mining Enclave in White Pine, CO, on sale for $525,000 — The White Pine Mining Enclave in White Pine, CO, is being offered for the first time in 80 years. (Realtor.com)

Interior of residence at White Pine Mining Enclave in White Pine, CO, on sale for $525,000 — An original air compressor shed has been converted into a two-bedroom cabin. (Realtor.com)

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