Carl Icahn does what Donald Trump could not

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Billionaire investor Carl Icahn has done what real estate mogul Donald Trump could not: Buy a house.

The Press of Atlantic City reported Carl Icahn's IEH Investments successfully won the home of Vera Coking, a widow who became something of a folk hero after resisting overtures to sell from Trump and Penthouse founder Bob Guccione. The report said Icahn purchased the house for $583,000 at an August auction.

Although the home stands next to the now-closed Trump Plaza Hotel and Casino in Atlantic City, that building's namesake businessman could never meet Coking's asking price, the Press reported.

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Coking won praise and attention over the years as she repeatedly rebuffed offers from Trump and Guccione, as well as an attempted state takeover of her property. She now lives in a retirement home in California.

Construction crews are removing asbestos from the three-story structure in advance of its demolition. Many of the windows are gone, and the exterior has been wrenched off the house's ocean-facing side.

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—The Associated Press contributed to this report.