Is it $400,000 for 160 acres? That's $2500 an acre.
(I used a calculator for that)
That's an acre for the cost of two nice guns. Who is willing to give up two guns to own a place to play?
$400,000 is the amount to purchase the land, get some livestock and pay the first years taxes and insurance. I think they will sell it at between $330K and $350K
It does have a crappy house that is livable on site, but its very rough. I'd call it a shooters cabin.