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Maine lighthouse is for sale

The property has a million-dollar view, but the quarters are cramped, the grounds are nothing to brag about and a loud foghorn blares every 10 seconds.

For the right price, the picturesque Ram Island Ledge Lighthouse in Portland, Maine, can be yours. The 72-foot conical light tower in waters a mile off the southern Maine coast is being auctioned by the federal government.

The property isn't for everybody. It's hard to get to, located on a wave-swept rocky ledge where landing a boat can be treacherous and, once there, a person has to climb a 30-foot ladder to get into the tower.

"Some folks are in love with lighthouses and this is their chance not only to own a piece of history, but also to help it,'' says Bob Trapani Jr., executive director of the American Lighthouse Foundation, based in Rockland.

Click here for the full report with a dramatic photo.