The vessel, which was featured in the sitcom “Modern Family,” had been seized by the US Marshals Service when a judge ruled the owners owe $848,062 in debt and interest accrued.
“It sold to a buyer out of Florida,” said Joshua Scully, Apple Auctioneering director of sales and marketing.
The winning bid represents a steep discount from the yacht’s original selling price of $4 million.
The auction ended Wednesday. The interest was strong, Scully said, with the vessel garnering 350,000 views. Some 37,000 unique, first-time viewers checked out the yacht on the auction website.
The buyer outbid 15 others, but only three people were technically raising the bid price during the auction, he added.
The yacht remains in the Tahoe Keys Marina for now.
“We don’t know the buyer’s intentions,” Scully added, but said the yacht is likely to remain in the marina through the popular summer boating season
The “Sierra Rose” is an 85-foot, triple-level yacht built in 2005 by Fred Finney of Coeur d’Alene, Idaho. It has three bedrooms, three bathrooms and a helicopter pad with hydraulic, motorized handrails and LED deck lights. Other on-board features include a kitchen and fireplace inside and a fire pit and hot tub on the deck.
The yacht was featured in the ninth season of the sitcom “Modern Family,” which aired Sept. 27, 2017. The Pritchett and Dunphy families decide to rent a boat to view the solar eclipse in the season’s opening episode.
In July 2020, federal marshals took the yacht into custody as a result of a federal civil lawsuit, Cap One Inc. v. MV Sierra Rose, which was connected to a $350,000 outstanding balance. The ruling in favor of the plaintiffs was handed down in June 2021.
The dispute arose when “Plaintiff … and defendant, Sierra Rose LLC, entered into a financing agreement for the construction of the Vessel by the terms of which the Lenders would advance funds as needed for the construction of the Vessel up to the amount of four million dollars ($4,000,000.00),” the lawsuit states.
When the vessel was built, it was considered the largest noncommercial yacht on Lake Tahoe, according to the Tahoe Daily Tribune.
In 2012, the yacht’s lower level sank and was completely underwater while the second level was partially submerged. It was restored.
This story was originally published June 16, 2022 12:01 PM.