Cruisers Forum
 


Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 27-12-2019, 19:22   #16
Registered User
 
The Good Life's Avatar

Join Date: May 2012
Posts: 75
Re: Florida sailboat slips/waterfront property

Quote:
Originally Posted by CSY Man View Post
A friend is selling a 2/2 condo with a 65í dock on a canal. The canal is wide enough for a cat.
Located up the New River in Fort Lauderdale, gated community called Rio Nuevo. You can rent it after 2 years of ownership.
$265k


That sounds like it could be interesting depending on the HOAís and other details.
The Good Life is offline   Reply With Quote
Old 27-12-2019, 19:29   #17
Registered User
 
The Good Life's Avatar

Join Date: May 2012
Posts: 75
Re: Florida sailboat slips/waterfront property

Quote:
Originally Posted by sanibel sailor View Post
DO NOT UNDERESTIMATE TAXES AND INSURANCE. Any house that is coastal will have HIGH insurance costs. Like $5K/yr for homeowners (perhaps more if you are renting), flood (which only covers first 250K), and wind insurance- yes that's separate from flood and homeowners. And then taxes. Florida has no income tax, so property tax largely floats the boat. Nonresidents get hosed on appreciation which is capped for residents. Condos have HOA fees that about equal slip rent.


I keep my boat at someone else's private dock. $275 per month which is a good deal, $3300 per year. As much as I lust after a waterfront house and my own dock (and I can afford it), it makes no financial sense. I'll rent and put my capital to better use. Maybe after the next Florida real estate collapse, I will do something, but it would make more sense to sell when prices rise again.


Those are solid points, financially you are probably right (for now). Iím kind of in the same boat, itís probably smarter to learn the prices and wait a few years until
That market corrects and snatch something up then. What I really want is a slip/waterfront lot to rent out as a semi long term spot to a fellow cruiser(s) that way when Iím ready it will be there waiting on me! The slips that Iíve seen so far are not sound investments as far as Iím concerned but Iím only seeing stuff on the MLS.
The Good Life is offline   Reply With Quote
Old 28-12-2019, 05:41   #18
Now on the Dark Side: Stink Potter.
 
CSY Man's Avatar

Join Date: Aug 2003
Location: Ft. Lauderdale
Boat: 2001 Albin 28TE.
Posts: 3,798
Images: 124
Re: Florida sailboat slips/waterfront property

Quote:
Originally Posted by The Good Life View Post
That sounds like it could be interesting depending on the HOA’s and other details.
Not sure what the HOAs are, probably around $350 a month or so.
I have a condo in the same complex: The buildings are clean and well maintained, the condo for sale has been upgraded with new kitchen, bathrooms, impact windows, etc and a new A/C 2 years ago.
Dock is well built and well maintained.
PM for more details if interested.
Not listed on MLS yet.
__________________
Life is sexually transmitted
CSY Man is offline   Reply With Quote
Reply

Tags
boat, florida, rope, sail, sailboat, water

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Which Florida property or not? Privleoplag General Sailing Forum 37 21-04-2013 15:53
Trade Waterfront Property for a Sailcat? Aquaholic101 Multihull Sailboats 2 06-12-2009 16:22

Advertise Here


All times are GMT -7. The time now is 08:16.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.