SAN DIEGO (Border Report) -- Victor Hancock says he just couldn't pass up on a deal 25 years ago to buy thousands of acres of prime real estate that came with 12 miles of beachfront property along the Sea of Cortez.

Hancock ended up buying the Tambebiche Ranch for about $67 an acre.

"The location is extremely good, right on the Sea of Cortez, between Loreto and La Paz. It has all the necessary attributes to become a very good lucrative investment," said Hancock, who lives in Las Vegas.

Along the way, he brought in other investors and eventually turned over control to some of them but kept an interest on the property as a consultant.

One of the others involved in the transaction was Dwight Jory, a developer who got the surprise of his life when he went down to the property a few months

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