Two-Story Turret on Millionaire's Row, River Views, 2320 Sqft — $39,000

The turret is the first thing you notice. Two stories of it, which on a street called Millionaire's Row in Maysville, Kentucky makes a certain kind of sense. These were the houses people built when they wanted you to know they had money, and the bones of that ambition are still here: high ceilings, pocket doors, large rooms, a front porch. 2,320 square feet on 0.48 acres, sitting just outside the flood plain with views of the Ohio River and the Maysville bridges.

The condition is rough. Several rooms have been taken down to the studs. The agent says cash only, selling as-is, and that is the whole situation in four words. This is not a project for someone who wants to move in soon. It is a project for someone who can look at exposed framing and see a plan rather than a problem.

What you get for $39,000 is a substantial Victorian house on a historically significant street in a river town, with river views, a turret, and enough square footage that even a long renovation leaves you with a real house at the end of it. The pocket doors and high ceilings are there. The porch is there. The architectural character that would cost a fortune to replicate in new construction is there, waiting.

Maysville is a real town with a real downtown and a riverfront, and West 2nd Street carries some of that history. A house this size with this kind of detail on this kind of street in a stable condition would cost multiples of this price. You are paying $39,000 because the work is significant and the buyer pool for a cash-only gut renovation is small.

If you have done this before, you know what you are looking at. A long project, real money on top of the purchase price, and at the end of it a four-bedroom house with a turret and a river view on one of the better streets in town.