He could get a lot more, if he subdivided. He could sell the house with a few acres, then wait a few years and sell off some more.
There is only so much land in the world, and the price will not be dropping any time soon.
Ahwell...it sounds like he lives in Guytown, where men are men and stupidity runs rampant.
This was an investment property for him, he's never lived here. The sad thing is we live in the sticks and small farms are being sold off to developers. Some of these places have been in the same family for generations. We keep getting told all these McMansions will bring in more tax revenue then these little townships jack up the taxes. 4 years ago, there were an average of 4000 homes for sale. Today it's 10,000 and they're still building. Idiots.