[sunrico90]

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.

[tallrick]

And as usual , the stupidity is more pronounced the further south you go.

[sunrico90]

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.

[Arrgh]

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!

[macguy]

Originally Posted by Arrgh

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.