Florida Boat Slip Auction

Now you can own your boat slip and benefit from the appreciation in asset value and can even create a solid cash flow.

Dockominiums, Rackominiums, Recreational Waterfront Property and Equity Yacht Club Memberships are the investment alternative for today's informed boat owner and real estate investor. These individually owned wet slips, dry-stack boat storage racks and membership opportunities provide above average return with safety, security and tremendous long-term profit potential.

If you have performed any research at all, we should be in agreement that with each passing year there are more and more boats and there are less and less slips to put them in - which makes those that are available for personal investment/ownership rather valuable. So valuable in fact, that in more instances than not, they are appreciating at rates from 12-25 % per year in most high demand areas.

Statistically, the average boat owner who wishes to own a slip, rather than rent one, is normally a high net worth individual and astute enough to realize the increasing value of this hard-to-find form of waterfront property. Likewise, these same individuals understand fully, the value of using the property itself as an asset to collateralize the loan that may be needed to purchase it, just as they would with any other real estate transaction.

Ownership, however, should not be considered for the value of equity alone, as scarcity too, is putting upward pressure on the rental market and those who do not own their slips, are obliged to pay ever steeper lease rates demanded by marinas (and dock-owners) worldwide.

HARBOR CLUB HOLDING, LLC Investor slips and racks can be purchased subject to an existing lease or can be purchased with a LEASE BACK GUARANTEE and the income can be used to pay the monthly obligations, including the mortgage payments and association fees, until the dockage is free and clear. Ownership also includes an undivided interest in the marina.

Our Wet slips and dry racks are located in world-class, private club marinas. The marina properties are professionally landscaped, artistically lighted with security gates, fences and as complete a recreational amenity package as the property can support. Each marina contains various income centers such as restaurant, lounge, offices, retail space, service centers, etc. that can be owned by the marina association, or might be sold to investors. Each property is as unique as the dock-owners and investors who participate in it.

As with ALL INVESTMENTS....a certain amount of risk is involved and we recommend that you consult your attorney and tax advisor before entering into any financial agreements.

Dock or Rack Ownership for Boaters

HARBOR CLUB HOLDINGS LLC pre-construction programs are designed so that slips and racks are sold at wholesale prices, allowing each owner or investor to realize immediate equity on their purchase. Trade options are sometimes available to allow purchasers the right to trade a slip or rack purchased today, foot for foot, for any slip or rack developed at a later date, at any equity club marina we develop.

OTHER DEVELOPERS AND MARINA OWNERS also offer similar pre-construction programs designed to assure successful launches of new or refurbished facilities. No matter who the developer is - purchasing at "pre-construction prices" provides prospective buyers with the absolute best value.

The risk with a pre-construction offer is that you may not have the opportunity to judge the "atmosphere" or quality of the facility and in most cases references from other owners with regard to marina services and management are not available. Other due diligence is required and in most cases, the pre-construction savings are worth the extra effort.

If purchased without financing, a unit owner's annual cost of ownership would be the tax deductible real estate taxes on the property's fair market value. There will also be a monthly Association assessment for common area maintenance, property insurance, security and related expenses, currently association fees run between $85 to $250 depending on the facility, type and size of unit.

If financed, a unit owner will also be responsible for the principal and interest payments associated with the financing. As noted above, the interest component of the payment would be tax deductible if the loan is structured as either a qualifying home equity or second home mortgage loan. The principal part of the monthly payment would increase the equity of the dockominium unit. The association fee would remain the same whether owning or leasing.

SECURE INVESTMENT - YET FLEXIBLE
HARBOR CLUB HOLDINGS, LLC "investment" dockage may be purchased subject to a lease, with the personal guaranty of the lessee on a contract, or may elect one of Harbor Club's Guaranteed Leaseback Programs prior to closing. Investor contracts place the full equity of the marina partnership behind the investor's position. Investor Packages also offer the ability to "trade-up" (subject to availability). Being able to swap a slip or rack for another slip or rack of equal length anywhere in the association places the association's assets behind the investor and virtually eliminates the possibility of any downside loss.

ESCROW & INTEREST
Most purchases require a small portion of the purchase price to be placed in escrow at the time of the contract.

ADVANCED OPPORTUNITIES
New marina and resort properties are being negotiated for and developed on a continuous basis. A great amount of time and effort goes into a prospective project. Projects may be several years in the predevelopment processes before it can be cleared for public participation. While a property is being researched, negotiated for, inspected, contracted and entitlements procured... confidentiality agreements between investors and property owners may prevent us from revealing sufficient information to make an informed buying decision. In many cases, these projects can not be announced publicly until AFTER the opportunity for major investors has already been settled. Through our close relationships our goal is to provide you with advance notice of potential opportunities for slip or marina investment at the earliest possible stages - and for investors, to provide them the opportunity to participate when possible in the initial development partnerships.

If you would like to be notified of opportunities for participation in any of our projects and advanced notice of dockominiums, rackominiums or villas that will be available in the earliest development stages, please contact us at info@boatslips4sale.com Please be sure to include your telephone number and mailing address. We will send you a confidential investment questionnaire to help us understand your interest and to better match you to the opportunities that will best meet your requirements.

All purchase or investment inquiries are held in the strictest of confidence.

For Marina Management and Consulting Services visit our main website at www.marinaassociates.com

 

Types of Slip Ownership.

EQUITY YACHT CLUB - This is increasingly becoming the most popular form of ownership structure. Yacht Clubs provide a membership to the Buyer and a license agreement for exclusive use of a slip in perpetuity. The biggest advantage of Yacht Club Memberships is that in most cases size upgrades and location changes are a chartered provision (based on availability) eliminating downside risk. Additionally, Equity Memberships tend to retain value and appreciate as somewhat higher rates because equity clubs are typically comprised of a closely knit family of prominent, affluent and active members who work closely together to insure the health and long term value of the property. In an "equity" club, each member has a vested ownership interest (equity interest) in the entire property.

DOCKOMINIUM / RACKOMINIUM - These terms are often used generically to describe any slip or rack for sale, but the accurate meaning is a slip that is purchased under the CONDOMINIUM FORM of Ownership. Each state deals with condominiums differently, some require the approval and sanction of a state board, some allow condominiums to be created on leased land. It is important to understand the laws of the state you are interested in purchasing a slip in.

With the CONDOMINIUM form of ownership, you will receive title and deed to a condominium boat slip along with an undivided interest in the common areas owned by the association. Condominiums built on leased land are subject to the underlying lease or easement which is stipulated within the condominium documents. Typically, associations setup on leased lands must have a lease of 25 years or more which incidently, also qualifies the purchase for most mortgage funding as well.

HYBRID CONDO/SLIP ASSOCIATIONS - Nearly all submerged lands are sovereign lands, owned by the federal governement, states or municipalities. In order to provide a transaction structure that qualifies for mortgage financing, some associations have been setup whereby a unit of fee simple owned upland property such as a storage unit, mailbox, parking space or similar property unit is setup as the CONDOMINIUM UNIT to which the buyer receives Title and Deed. As with the Equity Yacht Club, the purchaser of the upland condo unit also receives a license for the exclusive use of a particular slip subject to the underlying easement or lease.

STRAIGHT FEE SIMPLE TRANSACTION - This is the rarest form of ownership as only a very small percentage of coastal lands have ever been deeded to private citizens. This usually happened in the form of King's Grants and Spanish Land Grants. At one time, the State of Florida granted fee simple title, but stopped the practice in the late 50's.

Fee Simple submerged land is typically found (and created) when a marina basin is excavated out of upland that already is owned in fee simple form. This type of marina also affords the best protection from waves and wake action - and was most commonly created from low lying marshland. With our understanding of the importance of wetlands - it is extremely difficult to create new marinas in this manner. When available, slip buyers receive title and deed to the underwater land that the slip occupies. A property owners association is usually setup for the ownership and maintenance of common property such as header piers, parking lots, restrooms, etc.

GROUND LEASE / LEASEHOLD - A ground lease or leasehold for a boat slip is the same as it would be for any other piece of real estate. Leasehold Interests are recordable, bankable transactions that give the leasehold the same rights of a property owner - the property and all of it's obilgations are the resposibility of the "leasehold". The owner of the leasehold interest may sell or transfer their interest for the remaining time left on the ground lease.

COOPERATIVE - A Cooperative form of land ownership or business is often used in small communities to create purchasing power - such as with electric coops and food coops. As a form of land ownership, it has been most widely used in the State of New York for apartment buildings. There are several marina facilities in NY State that also use this structure for the sale of boat slips. Cooperatives are essentially structured like private corporations. Members own shares in the Coop and receive a title to a particular unit. They can be created on a ground lease or land that is owned by the Coop.

Long-term financing is available for all slips, racks and timeshares with any of the above transaction structures.