Waterfront 2BR, zero baths, 1 big light: Boston Harbor lighthouse sells for $934K, a US record
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A 110-year-old working lighthouse near the entrance of Boston Harbor has been sold for a record price.
The Boston Globe reports (http://b.globe.com/1cGLP8l ) that the $933,888 cash bid for the Graves Island Light Station was the most ever paid for a U.S. lighthouse.
The U.S. General Services Administration, which conducted the auction, hasn't identified the new owner. It said 10 parties initially made bids, but only two remained as the price rose.
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The five-story, two bedroom structure was built in 1903 and stands 113 feet high on a rocky 10 acres. It has a private dock, but no baths.
Under terms of the sale, the U.S. Coast Guard will maintain the lighthouse as a navigation aid and the new owner will be allowed to renovate it, subject to approval by state historic preservation officials.
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Information from: The Boston Globe, http://www.bostonglobe.com