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Old 05-21-2007, 04:37 PM
 
Location: Living in Paradise
5,701 posts, read 17,286,449 times
Reputation: 2851

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Found this interesting:As growing numbers of marinas opt to sell rather than lease their slips, these so-called "dockominiums" are drawing interest from more than boaters. Touting rising values, some marina developers are pushing the high-priced spaces to a new brand of customer: the real estate investor.

Slip investing: The farther south, higher the price



With more Florida boat slips hitting the real estate listings, marina developers are citing annual appreciation rates of 6 percent to 45 percent.

Wet slips, sold by the foot, are going for $1,500 to $13,000 a foot, with South Florida drawing the highest prices.

Dry stacks generally are priced based on length, width and height, and can vary from $100,000 to $300,000.

Prices peaked in 2005, and some slips have sold since for less than their original price, Laven said. In early 2006, he listed a 130-foot slip in Jupiter for $1.2 million, or $9,231 a foot. It's now reduced to $775,000.
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Old 05-21-2007, 05:52 PM
 
Location: Heartland Florida
8,459 posts, read 16,317,896 times
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And as usual , the stupidity is more pronounced the further south you go.
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Old 05-22-2007, 04:27 PM
 
Location: Living in Paradise
5,701 posts, read 17,286,449 times
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Found a report dated back to 1988, this is not a new trend....

DOCKOMINIUMS have been around the New York coastal region for about four years - enough time to gain acceptance in boating circles and to build a track record for gauging how this kind of investment behaves over the longer term.

A dockominium is a boat slip in a marina where slips are individually purchased rather than rented from a marina operator. Ownership may take three forms - a deed, shares or a long-term lease. Day-to-day operations of the marina are usually in the hands of a professional manager.

Much is now known about the way in which the resale market operates and the best ways to finance a purchase. It also is known that appreciation has been strong because demand still exceeds supply. Moreover, there is a good deal of information on the types of slips and the locations that fare best in the resale market.
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Old 05-24-2007, 05:15 PM
 
93 posts, read 265,742 times
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2 years ago I was looking for dockage for my 28' boat. I saw dockominiums being sold for 40K and thought they were stark raving mad ! 40K for a box of "air"??? Well that samw box of air is now worth over 100K. Sunrico90 is absolutely correct. Who whudda tunk!
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Old 05-24-2007, 07:03 PM
 
2,313 posts, read 284,740 times
Reputation: 471
Quote:
Originally Posted by Arrgh View Post
2 years ago I was looking for dockage for my 28' boat. I saw dockominiums being sold for 40K and thought they were stark raving mad ! 40K for a box of "air"??? Well that samw box of air is now worth over 100K. Sunrico90 is absolutely correct. Who whudda tunk!
A good dock with close ocean access will cost you a lot. I was paying a $1000 a month 20 years ago. That $40,000 dock if it is a good one would pay for it's self in no time.
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