Mystery buyer acquires California ghost town for $22.5M

A mystery buyer, Ecology Mountain Holdings, has purchased the property and mining claims of Eagle Mountain, a former iron-mining town in California, for roughly $22.5 million. The town served as a bustling company town for Kaiser Steel Mine until its closure in the 1980s. The buyer's plans for the vast property remain unclear. Eagle Mountain has remained uninhabited but not necessarily abandoned, and has served as a backdrop for Hollywood movies and music videos.