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[Gene GeRue <genegerue AT ruralize.com>]

> But that wasn't out here! <G>. I'll bet $100k an acre would be real
> unusual where you are now...

Yeah, even in the large towns at a freeway intersection. Price per acre of 
so-so Ozarks' woods is five hundred to a couple thousand per acre. 
Location, location, location. Last time I researched, the lowest-priced ag 
land was in South Dakota. On the other end of the land price scale is 
Manhattan where they talk dollars-per-square-foot:

December 2004
Developers see land prices jump
By Juliette Fairley

Developer Jules Demchick is planning a condo building at 83rd St. and York 
Ave. When the Mayflower Hotel and a vacant lot on West 62nd Street and 
Central Park West sold for $401 million in May, its price of $650 per 
buildable square foot made it the highest such price ever paid in Manhattan 
for a future residential development site.

More than style, buzz or even location, land suitable for development is a 
prized commodity in New York. As they say, they aren't making any more of 
it. Adjusted for inflation, the $24 bargain the Dutch struck for Manhattan 
in the early 1600s wouldn't buy a parking place today.

Manhattan land prices continue to rise at an astonishing rate, but 
developers say the astronomical prices of completed condo units allow them 
to forge ahead and still turn a profit despite the site costs.

In the last 18 months, Manhattan land prices have doubled in some areas, 
says Bob Von Ancken, executive managing director of the valuation and 
advisory group of Grubb & Ellis.

On the Upper East Side, for example, land prices have jumped from $200 per 
square foot to $400 per square foot. From 60th Street to 86th Street, 
between First Avenue and Lexington Avenues, developable land is selling in 
"the $400 range, where only three years ago, it was in the $100 range. It's 
unbelievable," says Von Ancken.

http://www.therealdeal.net/issues/December_2004/1102200399.php