Bay Area couple's $8K 1912 tugboat now $1M Sausalito home after $800K cut
A historic 1912 tugboat named Mirene has been transformed into a luxury floating home in Sausalito, California. The vessel, purchased as salvage for $8,000 decades ago, is now listed for sale at $1 million.
Why it matters
The story highlights the intersection of maritime history, real estate trends, and the unique lifestyle of houseboat living in the San Francisco Bay Area.
A historic Sausalito houseboat with a remarkable past is now on the market for $1 million, offering buyers the rare chance to own not just a floating home but a fully functioning seafaring vessel, according to SFGate.Known as Mirene, the more than 100-year-old houseboat is berthed at 13 S 40 Dock in Sausalito's Waldo Point Harbor. The vessel has been transformed from a derelict tugboat into a stylish 583-square-foot floating home and motor yacht.Its current owners, entrepreneur Ryan Phelan and her husband, writer, editor and designer Stewart Brand, rescued Mirene from salvage more than four decades ago.From working tugboat to abandoned vesselMirene was built in the early 20th century at the Kruse & Banks Shipyard in Coos Bay, Oregon.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in