Slips for sale?

[OBXTucker]

We're planning on heading south after the Charleston LRC Rendevous in October of this year and will end up in SW Florida (Naples to Fort Meyers).

I've been toying with the idea of buying a slip in the area (or maybe even in the Keys area) to leave Kismet. We don't need real estate as my parents live in SW Florida and have a nice place that's rarely used. Unfortunately, it's not water front.

Anyway, is their an on-line source for searching "Slips for Sale" in the south Florida market? I'm guessing it's probably a good time to invest in these - just like the housing arena.....

Thanks in advance for any advice you may have!

 

[Freeebird]

You may want to check with Riviera Dunes in Palmetto (Bradenton). Their slips used to be ridiculously expensive, but I'm thinking they may be looking to make some deals in this market. It's very well protected and very convenient. You may also find a deal in there on a FSBO basis.

Send a PM to Pat Bustle on here as he still keeps a boat there and should know what the current situation is.

 

[hyperfishing]

www.docksearch.com

 

[roundIII]

If you are familiar with Longboat Moorings on Longboat Key/Sarasota I have a friend who has dropped the price on his 60 Ft slip "way" under the market. He really is serious about selling.

Check out the webiste and PM me if you are interested. I have no interest in this sale just mentioning it for his/yours behalf.

Ron

 

[Liquid Asset]

Let me know if I can help. I have some good contacts to help you find one if you would like. Both LB Key Morrings and Riviera Dunnes have slips for sale as well as some other marina's in the area. If you need help, PM me.

 

[OBXTucker]

Thanks guys. I've got a line on a couple that I'm going to follow up on - and have been pointed in the direction of a few websites.

Anyone have the skinny on slip ownership in these programs? I'm guessing it's like owning a waterfront condo or golf course home - where one would be concerned about the balance sheet of the association. I haven't researched marina's much, but if they go under (and you OWN a slip) that could get pretty ugly....

Thoughts?

 

[SeaEric]

I own 2 slips at Piney Narrows. When fuel sales are down, the revenue shortfall gets split among the slip owners by way of a billed assessment. It's just grand.

 

[captddis]

I own 2 slips at Piney Narrows. When fuel sales are down, the revenue shortfall gets split among the slip owners by way of a billed assessment. It's just grand.

I have a cust in Longboat Key moorings. He pays monthly maintenence $$$, Property tax on the land $$$$ and the insurance for the whole complex gets divided among the slip holders $$$$$$!
IMHO you are much better off buying a waterfront home or condo than buying a slip.

Right now a Club I belong to is having their marina threatened with foreclosure. What happens to those who bought slips???

 

[fissioneng]

A condo marina near us just needed ALL the docks replaced. Everyone was assessed their share of the total. $$$$$

 

[OBXTucker]

IMHO you are much better off buying a waterfront home or condo than buying a slip.

Right now a Club I belong to is having their marina threatened with foreclosure. What happens to those who bought slips???

I guess you pull a group of people/investors together and buy the marina. It's happening all over the country with golf courses, condo complexes, etc.

That said, I'm not in a position to buy the entire marina. And I already have waterfront property, so I really don't want anymore - especially with what it would cost for something large enough/deep enough for Kismet to call home for a few months of the year.

I guess caveat emptor is appropriate on every transaction these days....

 

[captddis]

Slips for a 58 are 150,000 to 300,000 around here. My neighbors house just sold at a short sale for 335,000, condo's with slips are less. The house can be rented and you get the deductions and can control costs.