SOUTH LAKE TAHOE, Calif. (KTXL) — A luxury yacht that is docked in South Lake Tahoe and was seen on the television sitcom “Modern Family” sold for over half of a million dollars, Apple Auctioneering Company told FOX40 on Wednesday.
The winning bid for the 85-foot yacht named the “Sierra Rose” was $520,000 after the online-only auction ended Tuesday. The triple-level cabin yacht is docked at the Tahoe Keys Marina in South Lake Tahoe and was auctioned off since May 31 by the U.S. Marshal Service.
The “Sierra Rose” was featured on the “Modern Family” episode “Lake Life,” which was the first episode of season nine. The episode aired on Sept. 27, 2017, according to IMDb.com.
Fred Finney of Coeur D’Alene, Idaho built the triple-level cabin for $4 million in 2005.
When the vessel was built, it was billed as the largest non-commercial yacht on Lake Tahoe, according to the Tahoe Daily Tribune. In an August 2008 action, the yacht previously sold for $3.25 million, the newspaper reported.
According to Apple Auctioneering Company, the buyer officially claimed the yacht after placing the winning bid out of 16 other bids. The buyer didn’t share their intentions to either relocate or keep the yacht docked on the lake, the company said.
The winning bid for the “Sierra Rose” isn’t the highest bid the company received for an auction item. Apple Auctioneering told FOX40 the company’s highest bid was for a black 2003 Ferrari Enzo in 2016.
That Ferrari Enzo sold for $2,099,400 in Miami and is one of four produced in black and only one of 399 in the world.
Apple Auctioneering Co. specializes in the liquidation of seized assets for government agencies, according to its website.
What’s inside the “Sierra Rose”?
According to Apple Auctioneering Co, the luxury yacht includes three bedrooms, 3 ½ bathrooms, and a helicopter pad with hydraulic and motorized handrails and LED deck lights.
Photos on the auctioning site show some of the yacht’s inside features including a kitchen and fireplace with a fire pit on the deck.
Why was the yacht seized by the federal government?
According to court documents, the U.S. Marshals seized the yacht in July 2020 and it was auctioned off as a result of a federal civil lawsuit. Court documents said a judge ruled that the owners had a balance of $350,000, plus interest and late charges, totaling $848,062, as of June 1, 2021.
The owners also have an accrued interest rate of $136.11 per day.