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Still a big demand for big $$$ boating.....
Here ya go, NOYB. This is literally right down your alley in Naples.
(wait, they probably don't have alleys in Naples).....anyway: ABC ACTION NEWS REPORTS ON PROPERTY That's MAKING PROFITS REVEALING GROWING DEMAND FOR BOAT SLIPS in florida Leading the Trend is Yacht Clubs of the Americas With More Than 450 Wet Slips and 4,000 Dry Slips For Sale Fort Myers, FL (May 17, 2007) – There is a hot, new real estate development heating up Florida's coastlines that has more to do with water than dry land. The steady, growing demand for private boat slips is creating a new category in the real estate market that is adding fuel to an otherwise sluggish market. ABC Action News in Tampa reports that this is prime waterfront real estate in Florida and that even in the boom of 2005, premier wet slips bucked appreciation trends of traditional single family homes. As the growing demand for boat slips fuels marina sales, investors and boaters are hopping on board for permanent ownership of waterway access. At the forefront of this boom is Yacht Clubs of the Americas (YCOA), a premier network of luxury private yacht clubs featuring Dry Rackominiums™ and Wet Dockominiums™ for purchase with five-star concierge service. The company boasts a growing network of properties in popular ports-of-call including Key West, Ft. Meyers, Sanibel, Naples, Tampa, Stuart, New Smyrna and Ft. George (Jacksonville). In addition, ownership entitles members to reciprocal privileges at Grand Bahamas Yacht Club, an affiliated YCOA location. With waterfront property and boat storage at high-demand with limited commodity, YCOA brings welcome relief to the more than one million registered boaters in Florida as well as potential investors. The scarcity of marina slips has them fetching top dollar in investment circles. According to state-certified general appraisers, wet and dry slips appreciated an average of 35% per year for the past eight years.* As demand continues to out pace supply, YCOA ownership allows for building of equity in a rapidly dwindling resource. "We are losing around 2,500 a slips a year," says Steeven Knight, founder of YCOA. Over the years, the number of boats in Florida has increased as the number of slips has decreased. The reason is many small, and formerly independent marinas, are unable to produce the revenue necessary to justify their use of waterfront property. As a result, these marinas are being purchased by large development companies and turned into residential communities. In addition, hazardous weather has destroyed hundreds of slips, and environmental and regulatory land use restrictions have further reduced available supplies. YCOA is ensuring that their properties can never become something other than a marina. The company's mission is to preserve the future for the next boating generation by locking down the slips as a deeded asset expected to appreciate. Those who spend between $130,000 and $250,00 for a Dry Rackominium™ or $210,000 to more than one million for a Wet Dockominium™ will become part owners of the property, a system using the same legal set-up as a condominium association. The site could only be sold if 80 percent of the owners agree. YCOA founder Steeven Knight began to work on the YCOA business model in 2004 when he found himself one of a growing number of boat owners who couldn't find a permanent slip for his vessel. Since then, he has steered some $300+ million in funding to YCOA with plans to raise even more capital in the coming months. Knight's goal is to have a YCOA five-star facility every 200 to 300 miles around the state and eventually the Eastern Seaboard. He plans to grow YCOA into the country's largest private network of marinas stretching from Florida to East Hampton, Cancun, Mexico and the Bahamas. "As the network grows, members can sail from one YCOA location to another where there is a uniform emphasis on luxury and quality service," said Knight. "I strongly believe the boating world is ready for a branded port of call like YCOA," declares Knight. In addition, YCOA is setting a new standard in the boating lifestyle. Owners benefit from the unparalleled amenities of a yacht club atmosphere, which features a martini/cigar lounge, waterfront cocktail bars, tiki hut barbeque, spa, fitness center, swimming pool, saunas, gourmet deli and coffee lounge. With increasing pressures on time, many executives are looking to YCOA to take the workload out of boating. The USA Today reports that boaters from inland cities spend about $147 on fuel, food and lodging each time they drive to a waterfront city to use their boat. In addition, about three hours is wasted on the work necessary to get the boat in and out of the water. With one call to a YCOA dock master, owners can have their boat waiting dockside and stocked with the requested meals and drinks prepared specially by the resident chef. Owners can also enjoy wholesale pricing on their fuel, food and beverages and as a result members typically save up to 50 cents per gallon on gas. MORE ABOUT YCOA Located in Fort Myers, Florida, YCOA acquires and develops marina properties and converts them into private membership yacht clubs at which members can own slips and storage units for boats. YCOA's vision is to preserve marinas and storage for the boating community as well as boat dealers and manufacturers. For more information about YCOA, contact Christian Schindler, VP of Marketing, at 239-433-9913 or visit www.ycoa.com. *This is an historical account of the appreciation of wet and dry slips from 1997 to 2005 and shall not be construed as any guarantee that wet and dry slips will continue to appreciate. Thanks Again, Dana Rhoden President The Dana Agency Phone: 786-768-2477 Fax: 786.228.0169 Cell: 305.803.4079 Email: www.thedanaagency.com |
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