Apache Junction is a rural bedroom community. It is located a half hour away from downtown Phoenix. It is right next door to some of the most rugged and beautiful wilderness in the country. According to legend, in 1840 the Peralta family developed a rich gold mine in the Superstition Mountains, which lie on the east edge of town. This mine was rediscovered by Jacob Waltz, also known as “The Dutchman.” He claimed the mine was so rich the gold could be cut away with a knife.