"In the past year, the appreciation rate has ranged from 17% to 45% or re-sales of existing slips." (Florida
State-Certified General Appraisers, Richard Padron, CCIM, MSA; James E. Wilson). Furthermore, the
number of registered boaters in Florida is over 1 million while in the past two years the number of boat
slips has remained basically the same.
National news reports that the steady decline in independent marinas and the rise in condominium
developments is pushing more and more people to store their boats at home and forcing them to access
already crowded boat ramps to use their vessel.
The supply of boat slips has remained stable while the number of boats has risen by 300,000 in the past
two years (courtesy of The Wall Street JournalT)
Boaters from inland cities spend about $147 on fuel, food and lodging each time they drive to a
waterfront city to use their boat (courtesy of USA Today)
These are only a few of the factors that have contributed to what is going to be a continued shortage of
dock space in the USA and Caribbean. More often than not, opportunities to purchase docks, dry racks
and marina property in pre-development phases are either closely guarded deals reserved for friends,
family and close associates or they are un-advertised
Investors, Insightful Boaters, Developers and Waterfront Property Owners are quickly realizing that
demand is outpacing the supply at an alarming rate and they are quickly capturing the remaining
opportunities as quickly as they become available. This "land grab" is also accelerating the deficit in
available rental space and putting upward pressure on the market.
Stringent Federal, State, Local government and environmental restrictions have almost completely ceased
the creation of new marinas and made it almost impossible for even grandfathered marinas to expand or
even dredge in many locations.
Industry magazines place the current shortage of boat storage spaces in the United States at over
500,000..... increasing at the rate of more than 100,000 a year. These same magazines estimate a nearterm
shortage of one million spaces and predict an average rental of $20,000.00 annually in high demand
areas
Private marinas and what little waterfront property available for permits is being seized by large
development corporations for condominium and hotel projects - eliminating or greatly reducing the
dockage available for recreational boaters
Transient and Long Term Slip rates are skyrocketing, marinas and docks are disappearing. Dockage in
southeast Florida, the Carolinas and other similar locations is becoming so difficult to acquire that one
may even have trouble selling a boat unless a wet slip is part of the deal.
Wet Slip waiting lists at hundreds of marinas can easily be found to be several years long. It is not unusual
to find a Yacht Club or Marina that can only offer a new slip space through a members passing or move
from the area.
Recent hurricanes have eliminated tens of thousands of slips in the Bahamas, the U.S., the Gulf and the
East coast. This will, of course be an ongoing threat that cannot be overcome. Its affects can have far
reaching impact on the recreational marketplace.
With the supply of slips diminishing by the day, it is clear that the time to purchase a Rackominium is now. The
Marina Club of Blackwater Sound seeks to provide a diminishing commodity at affordable prices to you, forever.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein and same is submitted subject to errors, omissions, change of
price, rental or other conditions, or withdrawal without notice. Prices, plans, products and availability are subject to change without notice. Illustrations are artist’s depictions
only and may differ from completed improvements, and scenes may include locations or activities not on the property. This is not an offer to sell or a solicitation of an offer to
buy real estate in any country or state where prohibited by law.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein and same is submitted subject to errors, omissions, change of
price, rental or other conditions, or withdrawal without notice. Prices, plans, products and availability are subject to change without notice. Illustrations are artist’s depictions
only and may differ from completed improvements, and scenes may include locations or activities not on the property. This is not an offer to sell or a solicitation of an offer to
buy real estate in any country or state where prohibited by law.
