http://www.usatoday.com/money/perfi/housing/2005-12-07-inch-sold_x.htm SPENCER, Ind. (AP) A Michigan real estate developer who was the highest bidder for a square-inch piece of land in Owen County came to town to pay $1,752 for the tiny parcel. Burton Farbman's real estate development company in the Detroit suburb of Southfield now owns what could be the world's most expensive piece of real estate. An acre of land at that rate would cost more than $10 billion, The Herald-Times of Bloomington reported Wednesday. The $1,752 covers back taxes for the 0.000000159-acre site. It was put up for bid on eBay after it did not sell in a tax sale.