In 1982, a Bay Area couple paid $8,000 for a derelict 1912 tugboat; 44 years later, their restored Sausalito floating home is asking $1 million after an $800,000 price cut
- Posted on September 12, 2026
- By The Times of India
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- 1 min read
In brief
A Bay Area couple's decades-long restoration project transforms a century-old tugboat into a luxury floating residence. Purchased for $8,000 in 1982, this Sausalito houseboat now commands $1 million on the market after substantial price reduction. The vessel represents a unique investment opportunity blending maritime history with modern luxury living, combining functional seafaring capabilities with contemporary home amenities for discerning waterfront enthusiasts.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
In 1982, a Bay Area couple paid $8,000 for a derelict 1912 tugboat; 44 years later, their restored Sausalito floating home is asking $1 million after an $800,000 price cut
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.
