Even during robust economic times in St. Louis, there are bargains to be had. I mean, geez, when I was looking for houses several years back, I looked at several that were well under $20,000.
When DHP Investments bought the exquisite Nord St. Louis Turn Verein several years back (before it burned under their intentionally, shamefully neglectful ownership), it was about $40,000.
But this one surprised me nonetheless, bad economy and all: The Robert E. Lee riverboat sold for $200,000 at auction. Geez. That’s less than a lot of locals I know have paid for their homes, to say nothing of people I know in non-rusty cities. And while a nice, red brick house doesn’t require as much maintenance as a riverboat, it also can’t travel up and down the Mississippi. Dang.
STLtoday’s got a brief video on the sale: Robert E. Lee riverboat sold