Boat Condos

Fast growing real property segment

With prices for gulf access lots in Lee County now starting at over $300,000, the boat condominium craze has hit the area. These slips look to be an interesting investment until they reach prices which reflect the incremental difference between an off-water lot and gulf access lot. The minimum pricing difference between these two types is currently about $200,000.

The private dock movement is at high tide in Lee County and around the country as boat owners and investors snap up increasingly rare access to the water.

"We've actually had nine price increases since we went to market," said Steve Knight, co-owner of Sanibel Harbour Yacht Club at Punta Rassa near the Sanibel Causeway, where the smallest dry docks — capable of handling a 30-foot boat — have sold out at prices that started at $97,500 and reached $121,500.

Private docks flood market [News-Press]

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