On Wed, 28 Dec 2011 20:02:35 -0500, Wayne.B
wrote:

On Wed, 28 Dec 2011 18:44:05 -0500, terri sias
wrote:

On Tue, 27 Dec 2011 16:45:59 -0500, Wayne.B
wrote:


That's actually a pretty good price for waterfront property
in Connecticut assuming you need a dock. **

Apparently I wasn't clear enough. The price range I indicated is for
the dock including access thereto, not for any property abutting or
otherwise associated with the dock.

===

I understand perfectly. The dock however gives you access rights
to the adjoining land and typically one or more parking places. You
also get a utility power hookup in most cases, either metered or
unmetered. My point was that if you had to acquire your own water
front land in Connecticut and build a dock that it would cost a *lot*
more than $50K.

Subject to two in some instances substantial while uncertain provisos,
to which I alluded but did not spell out earlier, I agree.

The caveats are the following -

The price is not limited to the initial capital outlay [whether in
cash or financed]. There also are ongoing maintenance or common
charges entailed by co-op or condo structured dock 'ownership' and
these costs approach or in some places exceed what a marina would
charge. And while at least in theory and sometimes in reality there
might be a 'market' for the dock so that some of the capital costs
might be recaptured while in today's economy unlikely to be profit
generating if the second of the provisos does not apply the price I
estimated appears to reflect a distress sale.

In addition and as for example recently occurred not in Connecticut
but in nearby Portchester, NY, condo proprietary leases for docks only
are made subject to the underlying condo association's continued
existence but the one to which I refer recently went out of business
with very little and in some instances almost no prior notice to unit
'owners' therefore creating quite a scramble for a dock rental or even
a long-term mooring elsewhere in the nearby the area and their
'investments' also were lost by reason of foreclosure as against the
association/developer.

On the other hand, given the one [more or less] gets what one pays for
realities in today's economy, and despite what I estimate appear to be
some present market realities for [comparatively] low cost condo
'ownership' for docks in the general area, the [probably much] more
expensive such facilities, which also may have physical facilities in
addition to those you summarize, like one location in Guilford,
Connecticut that apparently is funded and controlled by a syndicate of
hedge fund guys, with which I am guessing your may be familiar, can be
quite nice.