My father in law just did this outside of Mesquite, NV. Eventually he wants to build a house on it but who knows if he'll ever have the money. So for now it's his snowbird spot. He had electric and septic installed and I believe it already had a well on it. Wasn't cheap though, around $90,000 for 1 acre.
But as mentioned, you'll want to closely review the local zoning ordinances etc. Some areas don't allow you to live in a home that doesn't have a foundation. Others have size requirements for minimum square footage. Our neighbors got a killer deal on a 5th wheel because a couple bought it to live in on their land when they were building their house. A couple months in the county showed up and said "nope" so they had to sell the 5th wheel to have money to pay for an apartment while the house construction finished.