Sardinia, Italy, is putting a portfolio of state-owned property on the market, including decommissioned army barracks, empty castles, and former convents. On the list are several lighthouses, which the island's autonomous government hopes will be converted into galleries, museums, retreats, oceanography research centers...or hotels like the Capo Spartivento lighthouse (3rd image). Italy’s 1st lighthouse hotel is located 30mi from the regional capital of Cagliari and situated at the end of a private dirt road on an isolated promontory overlooking the white sand beaches. Originally built by the navy in 1856, conversion took 7 years and cost €3 million ($4 million). Owner Alessio Raggio now has a 38-year lease on the property and pays just €3,000/month in rent to the regional government, but warns, “Rebuilding a lighthouse is not easy – especially one like this. Fortunately it was strongly built, with stones from the local area, and the main building was in good condition. You have to be a little bit crazy to take on a job like this, but it was worth it." If you have the capital and are up for the challenge, you may want to bid on one of the following:
- The lighthouse at Capo Mannu on the western side of the island (1st image), which overlooks a good surfing beach, but will require a lot of structural work.
- The lighthouse at Capo d’Orso near Palau (2nd image), currently accessible only by boat or a tough climb.