It is possible purchase Real Estate using 529 Plan?

[John Tan]

Does anybody know how to use 509 plan to invest in real estate? I have a kid who is two years old; I figure if I purchased the home with 25% down in a neighborhood I am already investing in (put down ~60K), I can then sell the house 16 years later when he's ready for college tax free. Is this something that can be done?

I don't have enough funds to pay cash for the property.