Lighthouses and Barracks for Sale, Cheap

Foreclosures aren't the only bargains in today's housing market -- what about lighthouses and Army barracks? A ranger's cabin? SmartMoney.com reports on the U.S. government's fire sale of underutilized properties. Sure, some of the real estate is run down, but to compensate, the minimum bids in some markets were just lowered. Who wouldn't want to live in a lighthouse?

Think selling a house in this market is tough? Try unloading a lighthouse. Saddled with buildings, properties and land it can't use, the U.S. government is ready to deal -- which spells opportunity for buyers with a little imagination.

Check out the jump to read more.