The Mull of Galloway, which has a site of 30 acres, has been sold by the Northern Lighthouse Board (NLB) to the Mull of Galloway Trust after it raised funds of more than £300,000.
The trust said it wants to preserve the Mull of Galloway as a place of "beauty and tranquillity" and protect the land "for future generations."
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When the land was first offered for sale, the locals were given first refusal to buy it.
The sale includes those properties already on the site, including a community-run lighthouse museum and three letting cottages, as well as the coastal heathland and cliffs.
A community takeover was seen as the best way to balance the region's tourism potential with the need for environmental protection, and as a result, the Mull of Galloway Trust was set up to achieve the goal.
In a ballot vote, around 98% of the local community supported the buy-out and the Scottish Land Fund provided most of the £300,000 required.
It is understood the sale does not include the lighthouse tower, but it continue to operate as a safety beacon for sailors.
(JP/CD)
