recent Bid reaches $761,888 (19 Hours left to Bid)
It all began when the engineer known as I.W.P. Lewis
shared his surprise at the fact that no beacon was present on the
ledges known as the Graves to protect the many passing ships at the
time. After years of experimenting with options such as an iron
bell buoy to a whistling buoy, Graves Lighthouse, also known simply
as Graves Light, was finally built in 1902 after Congress
appropriated $75,000 for its construction. Completed in 1905, the
project ended up costing upwards of $188,000 to build this 113 foot
granite masterpiece.
As time has proceeded, the Graves light has weathered
itself yet has changed along with the times by converting solely to
solar power in 2001. Now, the 110-year-old working facility has
come on the market from the Federal Government. With a kitchen,
bedrooms, a great deal of storage, and a water cistern, the sale is
in the form of an auction.
What began not long ago, the deadline for all bids to
be in initially was set for August 6th. With a minimum of putting
$10,000 down with the minimum bid starting in June at $25,000, bids
began to flow in and on August 5th reached $111,000. Only four days
later with the deadline having been extended again, the total of
ten bids climbed up to $559,000. Now, with 19 hours left to bid,
the price for this historic lighthouse has reached $761,888.
If must be known that new bids submitted online overnight
automatically resets the auctions 24-hour deadline clock. Already,
this Boston monument has eclipsed the US General Sercives
Administrations record sale of a lighthouse which went for
$381,000. If curious about potentially owning perhaps the most
unique home for sale in Massachusetts today, have a look at the
link below to more information and to submit a bid. Remember, you
have only 19 hours to do so.
More Information: GSA Auctions