In the 1970s and 1980s, a political and social movement based on the development of gay and lesbian identities emerged in various countries around the world. In the United States, this movement has often been centered in neighborhoods. Openly gay and lesbian communities have achieved more of their social, cultural, and political goals in the inner cities of large urban areas than elsewhere. l This neighborhoodbased gay and lesbian movement has in turn had an impact on land markets in these areas (usually through the vehicle of gentrification) .... This paper analyzes the impact of a particular gay community's development on the land market in which it was situated during the 1970s. It then interprets this experience in terms of its implications for urban land market theory and certain broader debates in social theory concerning the connections between class, gender, and sexual relations.