"Harry Krause" wrote in message
. ..



I have a dockominium. I believe you stayed at the marina where it is
located.

Gee. And not even an offer to use it for the night.

St. Augustine?


Eisboch

"Harry Krause" wrote in message
. ..


Up Salt Run. It's got an occupant. The office handles it. Worth a lot more
now than what we paid for it back in '92 or '93.

In the right area, they can be a very good investment. I am not sure about
Florida though, at least on the east coast side. There's a gazillion boats,
but there is also a gazillion or more marinas with more being built all the
time.

WayneB has a sweet spot though. If we had bought something like that
instead of a horse farm .......


Eisboch

On Tue, 15 Aug 2006 19:02:45 -0400, Harry Krause
wrote:

JimH wrote:
20 foot slip, water, electric. $999 for a dock from April 1 to October 31.
Vermilion River connecting to Lake Erie (western basin). Nothing fancy. No
pool or clubhouse. Meets our needs with our modest 20 footer. ;-)

How about you?



Here are the rates at BP:

http://tinyurl.com/r3qay

You'd pay $1300 for a slip for your boat.

Are you back in BP again?
--
******************************************
***** Have a Spectacular Day! *****
******************************************

John

"Harry Krause" wrote in message
. ..


There's a really severe shortage of both marinas and dockage in NE
Florida. The one in question commands a premium because it is right off
the ICW, has easy access to the Atlantic, is sheltered, has a pretty good
restaurant attached, has a decent motel, is near beaches and near lots of
other first-rate attractions. I paid very little for mine, by the way.

It's a beautiful area. I was referring (or at least thinking) more of the
southern part of the state. They are still building condos with dock rights
and no buyers.

Eisboch

On Wed, 16 Aug 2006 16:06:25 -0400, "Eisboch" wrote:

WayneB has a sweet spot though. If we had bought something like that
instead of a horse farm .......

It would cost us about $800 per month plus electricity to dock at a
marina around here, with future rate increases almost guaranteed, and
the risk that the marina gets redeveloped at some point. Building the
dock for something like $30K, and the convenience of having the boat
in front of the house, was a no brainer.

There's a nice lot available across the canal from us, as well as
several new homes for sale in the neighborhood.

"NOYB" wrote in message
nk.net...
Down here they're selling rack storage (same approximate dimensions) for
$160k+...and then charging a $225/month condo fee. And that's for a
soon-to-be-built facility that will take an hour to idle to the gulf.



Unbelievable. Are folks actually buying those rack storage slots (with an
additional $2,700/year for the *privilege* of doing so)?

"Wayne.B" wrote in message
...
On Wed, 16 Aug 2006 16:06:25 -0400, "Eisboch" wrote:

WayneB has a sweet spot though. If we had bought something like that
instead of a horse farm .......

It would cost us about $800 per month plus electricity to dock at a
marina around here, with future rate increases almost guaranteed, and
the risk that the marina gets redeveloped at some point. Building the
dock for something like $30K, and the convenience of having the boat
in front of the house, was a no brainer.

There's a nice lot available across the canal from us, as well as
several new homes for sale in the neighborhood.



Ummmmm... Winter's just around the corner.

Florida is simply too diverse to easily pick "the place". We have friends
that relocated to Mt. Dora and when I visited for the first time I thought I
was back in New England. Oak trees, hills and winding roads.
No ocean access, but huge lakes with some good sized boats on them. The town
or "village" of Mt. Dora is
quaint and quite beautiful.

I always liked the St. Augustine area as well.

Then there's the area we were in ... Jupiter. Flat as a pancake with roads
that only run east/west and north/south. Other than the fantastic winter
weather, I really don't miss Jupiter much. The areas on or near the ICW and
the ocean were over developed for my taste. Plus, Mrs.E.'s hair isn't blue
yet, nor is mine grey ... well maybe just a little here and there.

I never spent too much time over on "your" side.

Eisboch

"Eisboch" wrote in message
...

"Harry Krause" wrote in message
. ..
NOYB wrote:
Down here they're selling rack storage (same approximate dimensions) for
$160k+...and then charging a $225/month condo fee. And that's for a
soon-to-be-built facility that will take an hour to idle to the gulf.


A fool and his money...

I can't see spending that much money for rack storage but a decent slip
can be a good investment in some parts of the country.

We purchased a "dockominium" 55' slip 5 years ago after running the
numbers and projecting slip costs over a period of 10 years. The market
value of that slip has more than doubled in the time we've owned it.
We've had, and continue to get, numerous requests by boat owners to
contact them if we should ever decide to sell it. We didn't use it the
first year we had it (boat was still in Florida) so we subleased it for
the season for almost $8k. We paid $78K for it. The people we bought it
from had paid $42K four years earlier.
It was officially on the market for about 3 hours before I said, "I'll
take it".

The regular season lease slips in our marina go for $190/foot for six
months, so the Navigator would normally cost $9,880.00 per season,
assuming a slip was available. We "bought" the slip instead and only pay
a relatively small annual contribution for marina maintenance, electricity
and water. When the time comes to sell the slip, we will more than double
our investment and will basically have had a slip for free.

My boatless son caught onto this and bought a 36' slip as an investment.
The marina leases it for him (takes a 15% commission) at the current
rates. It's the best investment he has, return wise. He has talked about
getting a boat in the future and should he, the major problem of finding a
slip is a non-issue. If he never does, he'll enjoy an excellent return
when he sells the slip, plus will collect over $6k per season in rent.

I suspect this is a unique situation. Although new dockominium marinas
were banned in MA in 1991, the existing ones were grandfathered. You
don't really "buy" the slip. You lease it for 99 years, but the lease is
transferable, allowing you to "sell" it. Other than that, it's just like
buying property or a house, except the value goes up faster in this area.

Slips in MA are scarce. Virtually all private and town operated marinas
have long waiting lists for slips and even longer lists for moorings. The
slip rates, even at town marinas are going up every year (Scituate is up
to about $135/ft). Even if the market flattens (which there is no sign
of) for the next five years, we will come out way ahead. People may not
use their larger boats as much due to fuel costs, but they still have to
put them somewhere.


Eisboch




It is amazing what good dockage costs in some parts of the Country.

"Harry Krause" wrote in message
. ..
JimH wrote:
"NOYB" wrote in message
nk.net...
Down here they're selling rack storage (same approximate dimensions) for
$160k+...and then charging a $225/month condo fee. And that's for a
soon-to-be-built facility that will take an hour to idle to the gulf.



Unbelievable. Are folks actually buying those rack storage slots (with
an additional $2,700/year for the *privilege* of doing so)?


Every other con man in the United States must be working that turf.

Based on the prices of the houses NOYB reports......it looks so. ;-)

On Wed, 16 Aug 2006 17:07:42 -0400, "Eisboch" wrote:

Plus, Mrs.E.'s hair isn't blue
yet, nor is mine grey ... well maybe just a little here and there.


What is hair? :-)

Interestingly enough only about 30% of our neighbors are senior
citizens/retirees, the rest tend to be middle aged/working with a few
even younger. There has been a big turnover on our block in the three
years since we moved here, with the older retirees selling, cashing
out and moving on, as the baby boomer generations start to move in.

I never spent too much time over on "your" side.

SWFL is a big secret, almost unknown except for Naples and Sanibel
Island to most folks in the north east. Cape Coral, where we are, is
still a little raw around the edges in some areas, but has more
undeveloped waterfront than anywhere else in Florida.