How Much Does a Beachfront Condo in Marathon, FL Cost?

by amyprumo | Oct 18, 2023 | Buyer Information

Wondering about the cost of beachfront condos in Marathon, FL?

Embarking on the journey to find your piece of paradise in Marathon, FL is like a thrilling adventure, just like watching a stunning sunset over the Florida Keys. But the big question remains: how much does it cost to own a piece of this beautiful place?

Stick with us as we uncover the price range for beachfront condos in Marathon.

Revealing the Price Range

Just like with all real estate around the world, the cost of beachfront condos in Marathon, FL varies depending on factors like where they are, what kind of view they offer, how big they are, and what amenities they have. But don’t worry, Marathon has options for everyone, from affordable choices that won’t strain your wallet to high-end retreats. You’ll find a condo that suits your style and budget.

Let’s talk money – The Costs That Comes With Every Beachfront Condo in Marathon

Property Taxes

First up, property taxes – and the good news is, Monroe County keeps things wallet-friendly. They’ve got some of the lowest property taxes in all of Florida, sitting pretty just under 1 percent of the purchase price. To keep it simple, we usually tell our buyers to expect around 1 percent in property taxes. So, if your home’s price tag is $500,000, you’re looking at roughly $5,000 in estimated taxes each year.

HOA Fees

Now, HOA fees – yep, every condo’s got ’em. These fees can vary, with some covering more stuff and perks than others. It’s super important to ask what’s included. One thing we strongly recommend checking is whether the HOA fee takes care of building insurance. Most condos do, but there are a couple of associations that don’t. Plus, these fees can differ within each community, and we’ll dive into that in just a bit.

Condos for sale in Marathon, Florida - Royal Plum

So, where can you find these beachfront condos in Marathon?

When it comes to beachfront condos in Marathon, the options may be somewhat limited. Nevertheless, if your heart is set on waking up to the ocean every day and having the beach just steps away for wiggling your toes in the sand, then you’ll want to take a look at these condos.

The Shores

Tranquility Bay

Coco Plum Villas

Royal Plum

Having the beach at your fingertips is fantastic, but often these beachside condos lack dockages. It’s a bit of a trade-off – you can have the beach or you can have a dock.

However, there is one unique condo complex in Marathon that offers both. Keep reading to discover which one it is.

Royal Plum Beachfront Condo Complex

Ahoy, beach lovers! The Royal Plum condo complex, nestled in beautiful Coco Plum, offers 35 units, and each one grants you a golden ticket – beach access! But here’s the scoop: not all of these units boast an ocean view. Some treat you to the joys of a garden view, which, while not exactly oceanfront, still brings a smile to your face.

Now, when it comes to choices, you’ve got one-bedroom and two-bedroom units, and here’s the cool part: you can rent them out weekly. Plus, worry not about the day-to-day management – onsite managers are there to lend a hand. And of course, there’s that fantastic white sandy beach awaiting your footsteps, alongside a heated pool and tennis courts for some sporty fun. But, if you’re hoping to bring your furry friend along, we’ve got to break it to you – pets aren’t on the guest list.

Now, for the part about Homeowners Association (HOA) fees. They’ve got your back when it comes to common areas, building insurance, and cable. The monthly fee dances around the $770.00 mark. As for recent sales, well, they’ve ranged from $400,000 to $550,000, depending on unit size and location within the complex. Beach days, here you come!

Coco Plum Villas – Beachfront Condo

Picture this – Coco Plum Villas, a unique condo complex that’s not just your everyday beachfront spot; it’s got a primo location right on the open water. And oh boy, those fantastic screened-in porches offer some stunning ocean views, you won’t believe your eyes. There are 16 units in this gem, and each one comes with two bedrooms, two bathrooms, and approximately 1,200 square feet of space. It’s like your very own slice of paradise.

Now, what’s even cooler? It’s a pet-friendly community that’s totally fine with weekly rentals. So whether you’re looking to settle down or make a savvy investment, Coco Plum Villas has you covered. Plus, there’s more to explore with tennis and pickleball courts for a bit of recreation – because who wouldn’t want to have some fun?

Now, about the Homeowners Association (HOA) fees, they’re around $1,025 per month, and they take care of the important stuff – building insurance, common area maintenance, sewer, and water. So you can enjoy the good stuff without the hassle. As for the price tags, these units range from $725,000 to $850,000, offering options for anyone seeking a waterfront paradise right here in the Florida Keys.

Tranquility Bay – Beachfront Condo

Now, let’s sail over to Tranquility Bay – where the sun kisses the Gulf of Mexico. There, you’ll find 87 townhome units, each one with the cool option of having two or three bedrooms. But here’s the view-tastic part: 24 of these units come with waterfront views that’ll absolutely steal your breath away.

The fun doesn’t stop there. Tranquility Bay is like a never-ending vacation with three pools, a putting green, fitness center, beach tiki bar, and even an upscale restaurant to satisfy those taste buds. It’s basically a resort, but you get to call it home.

And guess what? If you’re thinking of making it an investment, you’re in luck. You can do nightly rentals, making it a sweet prospect for savvy investors. Plus, owners get up to five weeks a year to enjoy their personal beachside retreat.

Now, there are a couple of things you should know. Tranquility Bay doesn’t have docks or trailer storage, and, unfortunately, it’s a no-pets-allowed zone. But hey, you’ve got a bunch of other perks to make up for it.

As for the Homeowners Association (HOA) fee, it’s $2,313.99 per month, which might seem like a lot, but it covers a bunch of stuff: building insurance, cable, common area maintenance, extermination, and security. So you’re living the good life with some added peace of mind.

When it comes to price tags, well, they’re like the sunset – they vary. You can snag a unit for anywhere from $500,000 to $1,200,000. It all depends on how big you dream and where you want to catch those amazing views.

The Shores- Beachfront Condo

The Shores, located in Coco Plum, is a delightful 16-unit townhome condo complex. Residents can relish resort-like amenities such as a pristine white sandy beach, a heated pool, and tennis courts.

What truly distinguishes The Shores is its exceptional offering of beach access and 9 deeded boat slips, creating a paradise for those seeking both the beach and a dock.

You have the choice of 2 and 3-bedroom townhomes, complete with covered parking for two cars. The 21-day minimum rental policy provides flexibility for various stay options.

The pet-friendly atmosphere at The Shores welcomes up to two pets, each weighing up to 35 pounds, ensuring that your furry friends can savor the coastal lifestyle with you.

For a monthly association fee of $1,376, residents enjoy exterior maintenance, insurance, common area upkeep, and pest control.

Unit prices at The Shores can range from $600,000 to $1,300,000, depending on factors like location, view, and the inclusion of a deeded dock.

So, there you have it, the scoop on these four beachfront condos in Marathon.

The information provided is dependable but lacks guarantees. Beachfront condos in Marathon frequently revise their rules and fees making it essential to consistently verify details with the Homeowner Associations.

Curious about waterfront homes and how much they cost?

Get Access to Customized Searches for beachfront condos for sale in Marathon, FL.

Let us help you find the perfect beachfront condo that suits your dream lifestyle.

Contact Us Today

Did you find your dream beachfront condo in Marathon, FL? – Then be sure to head on over to our Buying Page, where we answer some of the most common questions buyers have!

Amy Prumo – 310-384-5647

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

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The Best Waterfront Neighborhoods in Marathon, FL

by amyprumo | Oct 14, 2023 | Marathon

Marathon, FL’s Finest Waterfront Neighborhoods

If you’re searching for “waterfront homes for sale in Marathon, FL,” then listen up because today we’re going to highlight some highly popular waterfront neighborhoods right here in Marathon, FL!

But first, some background

Where is Marathon, FL?

Marathon is located in the middle of the Florida Keys, and it isn’t just one island; it’s a group of islands. You’ve got Boot Key, Knight Keys, Hog Key, Vaca Key, Stirrup Key, Crawl, Little Crawl Key, East and West Sister’s Island, Deer Key, Fat Deer Key, Long Pine Key, and Grassy Key – that’s a whole bunch of islands making up the City of Marathon.

So why do individuals choose Marathon over some of the other islands?

Water Access: First, Marathon is famous for its easy access to the water. There are two main ways to get to the ocean and the Gulf: the Vaca Cut and the Seven Mile Bridge.

Canals: Marathon has tons of waterfront homes to choose from with great boating.

Rental: Waterfront homes make for great rentals, and in Marathon, you can rent out your home for 7 days, compared to other areas with 30-day minimums.

Safety: Like most islands in the Florida Keys, Marathon is safe.

Amenities: Marathon has lots more amenities compared to other islands, these include Home Depot, Publix, schools, hospitals, parks, beaches and restaurants.

Due these reasons the average cost of a waterfront homes in Marathon tend to be more money compared to other islands in the Florida Keys.

So now You know why people choose Marathon, Let’s get into the neighborhoods.

Deep Waterfront Neighborhoods in Marathon, FL

If you are looking for homes with deep water, suitable for boats needing a 5-foot draft or more, then I would recommend focusing on these neighborhoods first. Not only do they offer deep enough water for sailboats, but they also provide excellent access to the bay and the ocean.

1. Little Venice Neighborhood:

Nestled within Marathon, the Little Venice Neighborhood is a fantastic place for deep waterfront homes. Here, canals are wide and flow through. They also provide direct access to the open waters. Additionally, with the nearby Vaca Cut getting to the bay is easy. If you have a sailboat, this neighborhood could be the perfect fit for your boat. Some of the street in Little Venice include 117th Street, 116th Street, and 112th Street.

2. 25th to 29th Street Waterfront Homes:

These properties provide deep water access and are situated near Boot Key Harbor, making them an excellent choice if you own a sailboat. You’ll also be close to all of Marathon’s amenities.

3. Yacht Harbor Island (122nd Street):

Yacht Harbor Island, situated at 122nd Street, is another delightful spot for deep waterfront living in Marathon. Again, you have great boating access and are close to everything in Marathon.

Other Top Waterfront Neighborhoods in Marathon, Florida

Sea-Air Estates:

The Sea-Air Estates homes are situated behind the airport on the Gulf side. These canals are conveniently short, providing quick access to the Gulf. Street names in this neighborhood include Bruce Court, Gulfwinds Lane, Alynn Place, David Lane, Patricia Lane, and Brian Road.

Fun Fact: The street names are a tribute to the late Alynn Schmitt, a key figure in developing Marathon and Key Colony. These street names represent his children, with Brian Schmitt now serving as the broker of Coldwell Banker Schmitt.

Side Note: Nearby, Grouper and Yellowtail also feature fantastic waterfront properties. Keep in mind that some canals in these areas may occasionally have seaweed, which comes and goes with the wind. If a canal doesn’t have a flow-through, you may experience seaweed build-up at the ends of the canal.

Sombrero Beach Neighborhood:

The Sombrero Beach neighborhood is a favorite among residents. The homes are not only beautiful but also conveniently located near all of Marathon’s amenities. And, of course, the beach is just a stone’s throw away.

In this neighborhood, you’ll find streets like Ibis Lane, Mockingbird Lane, Anglers Drive, Sombrero Beach Road, and Corte Del Sol.

If you’re near the beach, say around Corte Del Sol, you’ll enjoy a quick ride out to the ocean. However, if you’re located on Anglers Drive North, it’s about a 15-20 minute ride. Some people appreciate the ride, while others may not. So, it’s essential to be mindful of this when choosing your location.

Flamingo Island:

Flamingo Island in Marathon is another highly desirable neighborhood for purchasing waterfront homes. Some of the streets in this neighborhood include Copa D Oro and Saguaro Lane. Similar to other neighborhoods, you’ll find great homes here, close to the beach and amenities. However, it’s worth noting that you’ll have a longer boat ride to reach the open water.

Coco Plum Beach:

In recent years, Coco Plum Beach has seen significant development. Numerous beautiful new construction homes are springing up everywhere. Coco Plum boasts incredibly wide canals that are easy to navigate, and it’s not too far from the Vaca Cut. Additionally, the lots in this area are more spacious, making it an excellent choice if you’re looking for a home with ample space.

Coco Plum’s streets are in alphabetical order, starting with Ave A and going down to Ave O.

Other Areas:

There are lots of great streets in Marathon, but here are just a few other ones that we like and thought deserve a mention. These streets also have nice canals and great homes.

75th Street

92nd Street

101st Street

Conclusion:

In Marathon, you’ll find an array of delightful neighborhoods, each offering its own unique charm. Whether you prefer deep waterfront access, proximity to the beach, or spacious lots, there’s a neighborhood to suit your preferences. From Little Venice to Flamingo Island and beyond, Marathon’s real estate options provide a variety of opportunities for waterfront living. Explore these neighborhoods to discover the perfect place to call home.

Get Access to Customized Searches for waterfront homes for sale in Marathon, FL.

Let us help you find the perfect waterfront home that suits your dream lifestyle.

Contact Us Today

Did you find your dream home for sale in Marathon, FL? – Then be sure to head on over to our Buying Page, where we answer some of the most common questions buyers have!

Prumo & Carden

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.

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Is Marathon, Florida Keys safe?

by amyprumo | Oct 11, 2023 | Marathon

Exploring the Safety of Marathon, Florida Keys

Discover Safety in Marathon, Florida

If you’re contemplating a move to Marathon, Florida, safety should be high on your checklist. The good news? Marathon, Florida is safe.

Personal Safety Assurance:

As a long-term resident and a woman who has often lived here alone, I can personally vouch for the safety of Marathon. My years here have been nothing but secure. I can honestly say I feel safe in Marathon.

Morning and Evening Strolls:

For early risers or dog walkers, rest easy. Marathon is an ideal place for these activities. The primary concern might be the traffic on U.S. 1, where cars pose more risk than people. Just remember to carry a light for nighttime or early morning walks.

Nightlife and Transportation:

Going out with friends for a night on the town? Marathon’s nightlife is not only fun but safe. Taxis are readily available, and I’ve always felt secure in them.

Family-Friendly Atmosphere:

If you plan to relocate your family, you’re in good hands. Our community is incredibly close-knit, ensuring your kids can play freely in the neighborhood. The only caveat is the traffic on U.S. 1. Soon, you’ll know everyone and their children, as we look out for one another.

School Safety:

Marathon’s commitment to school safety is unwavering. Our schools implement a range of security measures, including video surveillance, dedicated campus security guards, and stringent sign-in/sign-out protocols. Additionally, a school nurse is on-site to provide an extra layer of safety.

As a parent who entrusts their child to the school bus, I often witness the heartwarming sight of police cars accompanying the buses during drop-offs and pickups. Their presence ensures that traffic comes to a halt, allowing children to board and disembark safely. This collaborative effort between the community and law enforcement warms my heart each time I see it.

Furthermore, our schools offer a convenient app for your phone, keeping you updated on school activities and allowing direct communication with teachers. Should your child miss a school day, rest assured that the school will promptly call to keep you informed.

Low Crime Rates:

Marathon, FL, boasts an admirable track record when it comes to crime. Occasional car break-ins and minor boating equipment thefts are the extent of it. Even if you forget to lock your door, there’s no need to panic. Our island location makes it hard for thieves to escape.

Statistical Reassurance:

Statistics from Citytistics offer peace of mind:

Total Crime Rate: A mere 5 incidents per 1,000 people, lower than the national average.
Violent Crime Rate: Just 0 incidents per 1,000 people, also lower than the national average.
Property Crime Rate: Only 4 incidents per 1,000 people, once again, lower than the national average.

Diverse Law Enforcement:

Marathon boasts a wide array of law enforcement agencies, ensuring safety on every front. We have local police, state police, coast guard, Florida Fish & Wildlife, and border patrol.

Conclusion

In conclusion, Marathon, Florida is more than a tropical paradise; it’s a sanctuary of safety for both residents and newcomers. Come, enjoy the serenity, and experience the security of our beautiful island community!

Ready to make the Move? Contact Us with any of your questions about life in Marathon, Florida.

Also Check out our other blog post about Marathon, Florida – we are dedicated to giving you the most information about this area before you make the move!

How much is a boat slip in the Keys?

by amyprumo | Oct 9, 2023 | Boat Slips

Exploring the Cost of Boat Slips in the Florida Keys

Are you thinking about buying a boat slip but are wondering how much is a boat slip in the Keys?

We are here to answer that question for you. But before we begin, let’s take a look at some factors that affect the price of a boat slip. The cost of a boat slip in the Florida Keys can vary widely.

Factors that effect price of boat slips in the keys.

Location, Location, Location

In the Florida keys, you can primarily find private boat slips for sale in Key West, the Marathon area and in Key Largo.

Slip Size and Amenities

Boat slips come in various sizes, accommodating a range of vessels from small boats to large yachts. Naturally, larger slips tend to command higher prices.

Additionally, the amenities provided at the marina can influence the cost. Slips with added conveniences like fuel docks, electricity, water hookups, and security may come with a premium price tag.

Ownership Type of Boat Slips in the Keys

In the Florida Keys, there are two primary types of boat slip ownership:

Bay Bottom Ownership: Some boat slips include ownership of the bay bottom beneath them.

State Leasing: Others involve leasing the submerged land from the state government.

Additional Costs for a Boat Slip in the Keys

When budgeting for a boat slip purchase, don’t forget to consider the following:

Maintenance Fees: Many marinas charge monthly maintenance fees to cover amenities and upkeep.
Property Taxes: Depending on the ownership type, you may be responsible for property taxes.
Insurance: Boat slip insurance is advisable to protect your investment.
Transfer Fees: If you’re purchasing a boat slip from another owner, there may be transfer fees involved.

Exploring the Average Cost of a Boat Slip in Key West

If you’re considering purchasing a boat slip in the Key West area, you might be curious about the average price.

On average price of a wet slip in Key West will cost $460,000.

However, there are some more affordable options available. Here are some of the lowest and highest priced wet slips currently on the market.

Lowest-Priced Wet Slip: Priced at $139,000, this slip offers leasehold rights for a rare 20′ wide slip in Garrison Bight Marina. This purchase includes a well-maintained 26′ Hunter Sailboat, made of fiberglass, known for its durability. The vessel is suitable for live-aboard purposes and is set up accordingly. Garrison Bight Marina is conveniently located in central Key West and offers various amenities such as pump-out services, clean laundry and shower facilities, patrolled security, and off-street parking passes for two vehicles, all for a low monthly slip fee of $554.71.

Highest-Priced Wet Slip: On the other end of the spectrum, the highest-priced wet slip for sale in Key West is currently listed at $895,000. This investment provides you with a 61′ wet slip located in the central dock of the beautiful Oceans Edge Marina & Resort. This particular slip offers ease of access on/off the dock, making it convenient for passengers transporting gear and supplies. It also grants unrestricted access in and out of the marina on the oceanside, with no bridge obstructions. This slip boasts deep water, ocean views, and allows owners to live on board. Furthermore, it can be rented on a nightly, weekly, or monthly basis, making it versatile for various uses, including running a charter business. The marina itself offers amenities like a laundry facility, showers, toilets, a pet area, a restaurant and bar, a fuel dock, and more.

Condos in Marathon - Marathon Country Club West and East

Exploring the Average Cost of a Boat Slip for Sale in Marathon, Florida

If you’re considering the Middle Keys, particularly Marathon, Florida, as your destination for boat slip ownership, you’ll find a range of options available, including dry racks and wet slips.

Dry Racks at The Boathouse

For those interested in dry racks with unlimited in-and-out access and additional amenities, The Boathouse in Marathon is an excellent choice. The average cost of a dry rack at The Boathouse can vary depending on the size and specifications. Here are some examples:

C Rack: Priced between $20,000 and $30,000, this option is suitable for boats without hard tops, featuring dimensions of approximately 36 feet in length, 9.5 feet in width, and 8.3 feet in height.

B Racks: These racks are sought after due to their added height, making them suitable for boats with radar. They typically range from $125,000 to $140,000 and should accommodate boats with a maximum beam of 9.615 feet, a maximum height of 11.67 feet, and a maximum length overall of 36 feet.

A Racks: With an average cost ranging from $105,000 to $140,000, these racks should accommodate boats with a maximum beam of 9.45 feet, a maximum height of 10.63 feet, and a maximum length overall of 36 feet.

Wet Slips for Sale in Marathon, Florida

For those looking for wet slips, the average cost in Marathon is around $255,000. Here are examples of the lowest and highest-priced wet slips currently on the market:

Lowest-Priced Wet Slip: Priced at $110,000, this slip is located at Bonefish Marina and measures 30 feet by 13 feet. It comes equipped with water and electricity connections, along with a convenient dock box. As a slip owner or lessee, you’ll enjoy exclusive access to various amenities, including a clubhouse, tiki bar, workshop, Wi-Fi, fish cleaning stations, a kitchen, showers, bathrooms, and laundry facilities. Complimentary parking and pump-out services add to the convenience.

Highest-Priced Wet Slip: Currently listed at $325,000, this wet slip is situated at Sombrero Marina. It boasts dimensions of approximately 90 feet in length, 16.52 feet wide at the dock, and 17.70 feet wide. Sombrero Marina is a 57-slip marina located on Boot Key Harbor in the heart of Marathon in the Florida Keys. It offers on-site amenities such as bathrooms, showers, and laundry facilities, as well as a restaurant and bar.

Exploring the Average Cost of a Boat Slip in Key Largo

If you’re considering purchasing a boat slip in Key Largo, it’s essential to understand the average cost of these valuable waterfront assets. Here’s a breakdown of the average cost and some insights into where you can find boat slips for sale in this beautiful Florida Keys destination.

Average Cost of a Wet Slip

The average cost of a wet slip in Key Largo is approximately $162,000. These slips provide direct access to the pristine waters surrounding Key Largo, making them highly sought after by boating enthusiasts.

Where to Find Boat Slips for Sale in Key Largo

One of the primary locations to explore when looking for boat slips in Key Largo is the Manatee Bay Club. This marina offers a variety of boat slips and is a popular choice for those seeking to own a piece of Key Largo’s waterfront.

Recent Sales at Manatee Bay Club

Currently, there are no boat slips available for sale at the Manatee Bay Club. However, it’s useful to know about recent sales within this marina to gauge pricing trends. Here are some recent sale prices:

Lowest Recent Sale: The most affordable recent sale at the Manatee Bay Club was priced at $150,000.

Highest Recent Sale: On the other end of the spectrum, the highest recent sale at the Manatee Bay Club reached $235,000.

Conclusion: Navigating the Varied Waters of Boat Slip in the Florida Keys

As we’ve explored the diverse regions of the Florida Keys, from the bustling Key West to the serene Marathon and picturesque Key Largo, one thing becomes clear – the cost of boat slips in this paradise is as varied as the vibrant marine life that calls these The key takeaway is that regardless of your budget or preferences, there’s a boat slip waiting for you in the Florida Keys.

Secure Your Slice of Paradise in the Florida Keys

Are you ready to turn your dream of owning a boat slip in the Florida Keys into a reality? We’re here to make it easier than ever for you to claim your own piece of this tropical paradise. Contact us now for a list of boat slips of sale in the Florida Keys or sign up for our exclusive newsletter, you’ll gain access to:

Exclusive Listings: Be the first to know about new boat slip listings in Key West, Marathon, Key Largo, and other coveted Florida Keys locations.
Insider Insights: Get expert advice and insider tips on buying and owning a boat slip in this stunning region.

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Can You Finance a Boat Slip in the Florida Keys?

by amyprumo | Oct 8, 2023 | Boat Slips

Financing Your Dream: Boat Slips for Sale in the Florida Keys

Are you dreaming of owning a boat slip in the Florida Keys, where you can enjoy access to some of the world’s most stunning waters? There are many locations in the Florida Keys where you can purchase a slip. However one common question arises:

Can you finance a boat slip purchase in this paradise?

Boat Slip Financing in the Florida Keys

Securing financing for a boat slips for sale in the Florida Keys presents unique challenges compared to financing a home or a boat. Traditional mortgage lenders rarely offer loans for boat slips due to the distinctive nature of this type of property. However, there are avenues to explore:

Home Equity Loans: If you’re a homeowner, tapping into your home equity is a viable option for financing your boat slip. Home equity loans often come with favorable interest rates, and the interest may even be tax-deductible. Keep in mind that this option is exclusively available to homeowners.

Seller Financing: In certain cases, boat slip sellers may offer direct financing to buyers. This arrangement can be flexible and may not involve traditional lending institutions, making it a unique opportunity to explore.

Other Pathways to Boat Slip Ownership

If financing a boat slip proves to be a challenge, there are alternative routes to consider:

Personal Savings: Saving up for your boat slip purchase over time is a straightforward and interest-free option. While it may require patience, it enables you to acquire your dream slip without incurring debt.

Co-Ownership: Another option is to share boat slip ownership with a friend or family member. This can ease the financial burden and allow both parties to relish the perks of boat slip ownership.

Conclusion: Realizing Your Boat Slip Dream

In the Florida Keys, buying a boat slip is synonymous with experiencing a coastal paradise. With determination and careful planning, you’ll soon be savoring the boating lifestyle amidst the stunning waters of the Florida Keys.

Contact Us with any of your buying questions. We would love to hear from you.

Amy Prumo

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

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Florida Keys Boat Slips for Sale: Deeded Ownership vs. State Leasing

by amyprumo | Oct 8, 2023 | Boat Slips

Navigating Boat Slip Ownership in the Florida Keys

When it comes to boat slips for sale in the Florida Keys, the dream of owning a slice of paradise on the water is within reach. The crystal-clear waters, swaying palm trees, and the allure of endless aquatic adventures make the Florida Keys a prime location for boat slip ownership. However, before you set sail on your journey to becoming a boat slip owner in the Florida Keys, there’s a crucial consideration to address: Deeded Bay Bottom Ownership versus Leased State Bay Bottom.

What Is Bay Bottom Ownership?

In the Florida Keys, the term “bay bottom” refers to the submerged land beneath the water, including the seabed. Bay bottom ownership essentially means owning the rights to this underwater territory where your boat slip is located.

State Leasing: An Alternative

In contrast to bay bottom ownership, state leasing involves renting or leasing the submerged land from the state government. This means that while you have the rights to use the boat slip, you don’t own the bay bottom beneath it.

Key Considerations

When deciding between bay bottom ownership and state leasing for boat slips for sale in the Florida Keys, there are several key considerations to keep in mind:

1. Control and Stability

Bay Bottom Ownership: Owning the bay bottom provides a sense of control and stability. You have the autonomy to make decisions regarding the use and maintenance of the submerged land, an important factor for prospective boat slip owners.

State Leasing: Leasing from the state means you have limited control over the bay bottom. You must adhere to state regulations and may face restrictions on certain activities.

2. Legal and Financial Aspects

Bay Bottom Ownership: When exploring boat slips for sale in the Florida Keys, bay bottom ownership typically involves a one-time purchase, and you have the potential for property appreciation. However, you may be responsible for property taxes and maintenance.

State Leasing: When purchasing a leased bottom boat slip in the Florida Keys, there is a one-time 6 percent transfer fee to the state, an important financial consideration for buyers.

3. Long-Term Planning

Bay Bottom Ownership: If you plan to stay in the Florida Keys for the long term and want maximum control over your boat slip, bay bottom ownership may be the preferred choice among boat slips for sale in the Florida Keys.

State Leasing: At any given time, the state could decide not to lease the bay bottom. Although it doesn’t happen often in the Florida Keys, it is important to note that it could happen, emphasizing the need for long-term planning.

Due Diligence Matters

Before making a decision on boat slips for sale in the Florida Keys, it’s essential to conduct thorough research and due diligence:

Review local regulations and laws regarding bay bottom ownership and state leasing for boat slips for sale in the Florida Keys.
Consult with a real estate attorney who specializes in Florida Keys property transactions to fully understand the legal aspects of boat slips for sale in the Florida Keys.
Evaluate your financial situation and long-term goals to determine which option for boat slips for sale in the Florida
Keys aligns with your needs.

Conclusion

Whether you opt for bay bottom ownership or state leasing among boat slips for sale in the Florida Keys, owning a boat slip in this paradise opens the door to an incredible boating lifestyle. Each choice has its advantages and considerations, so make your decision based on what best suits your preferences and circumstances among the boat slips for sale in the Florida Keys.

With the right choice, you’ll be well on your way to enjoying the beauty and adventure that the Florida Keys have to offer from your very own boat slip.

Contact Us with any of your buying questions. We would love to hear from you.

Amy Prumo – 310-384-5647

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

The Ultimate Guide to Buying a Boat Slip in the Florida Keys

by amyprumo | Oct 8, 2023 | Boat Slips

Charting Your Course: How to Buy a Boat Slip in the Florida Keys

Are you dreaming of owning a boat slip in the Florida Keys? This comprehensive guide will walk you through every step to make your coastal dream a reality.

Why Invest in Boat Slips for Sale in the Florida Keys?

Access to pristine waters of the Atlantic Ocean and Gulf of Mexico.
Year-round boating thanks to the tropical climate.
Liveaboard options for an immersive coastal lifestyle.
Potential for a smart investment by renting out your slip.

Choosing the Right Location for Boat Slips in the Florida Keys

Decide between Key West’s bustling heart, the quieter Marathon boat slips, or the mainland in Key Largo.
Consider accessibility from open water and nearby amenities.

Understanding Costs for Boat Slips

Factor in the upfront slip price and ongoing maintenance expenses.
Be aware of monthly fees for services and facilities, including electric, pump-out fees, and water costs.
Is financing available?

Legal Considerations When Buying Boat Slips

Determine if you own the bay bottom or are leasing it from the state.
Understand your responsibilities in case of damage during a hurricane.

Understanding the HOA (Homeowners Association)

What types of insurance are required, and does the HOA provide coverage?
Are there any upcoming assessments or current assessments?
Review the HOA’s financials for stability.
Get to know the HOA contacts for future reference.

Inspecting the Boat Slip: A Florida Keys Perspective

Verify the slip’s depth and overall condition. In the Florida Keys, shifting pilings due to weather conditions are common. Ensure they are stable and accommodate your boat size.

Closing the Deal

Conduct a title search to ensure a clear ownership title.
Include an inspection period in the contract.
Consider hiring a real estate attorney for legal guidance.

Conclusion

Owning a boat slip in the Florida Keys offers the promise of unforgettable coastal experiences. However, conducting due diligence, especially in a unique environment like the Florida Keys, is crucial to ensure a smooth and rewarding ownership experience. Happy boat slip hunting in the Florida Keys!

Contact Us with any of your buying questions. We would love to hear from you.

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Boat Slips for Sale in the Florida Keys: Your Guide

by amyprumo | Oct 8, 2023 | Boat Slips

Discover Boat Slips for Sale in the Florida Keys

Are you on the hunt for boat slips for sale in the Florida Keys? You’re in luck! The Florida Keys have fantastic spots where you can buy boat slips. Whether you want a place where you can live on your boat or just dock your boat, there’s something here for everyone.

Types of Boat Slips

There are different types of boat slips available for sale. Some are dry racks, which are super convenient. Others are wet slips, perfect for those who want easy access to the water. In addition, some lease the bay bottom, while others are deeded bay bottom.

Amazing Location

The Florida Keys are an excellent place to buy a boat slip for your large yacht or smaller boats. You can easily get in and out to sail to the Atlantic Ocean, the Caribbean Sea, South America, and the Gulf of Mexico.

Time to Dive In

If you’re ready for a full-time boating adventure and want to buy a boat slip, start exploring the incredible options for sale in the Florida Keys today. Below, you’ll find a list of marinas in the Florida Keys that offer private boat slips for sale.

Key West Boat Slips for Sale

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Conch Harbor Marina – Liveaboard Marina

Website: Conch Harbor Marina

Conveniently located near Duval St. in Old Town, Conch Harbor Marina offers secure, gated facilities and can accommodate vessels up to 200 ft. Fuel up with Non-Ethanol Valvtect Gas and Ultra Low Sulfur Diesel, and enjoy in-slip pump-out services. Relax with on-site showers, laundry facilities, and a pool with free Wi-Fi. Satisfy your cravings at on-site restaurants, and stock up on supplies at the ship store. Covered parking is available.

Sunset Marina Dockominium of Key West – Liveaboard Marina

Website: Sunset Marina

Sunset Marina Dockominium of Key West offers the ideal liveaboard experience. This marina provides a safe harbor with unobstructed access to the Gulf and a comfortable 6-foot draft, ensuring peace of mind for boat owners. Each dockominium offers individual water access and metered electric service, with the added advantage of low property taxes and quarterly fees. As a full-service marina, it provides a range of amenities, including parking, security, a convenient store, fuel dock, efficient pump-out services, forklift services, and a live bait shop. Plus, its location just across the street from the Key West Golf Club adds to its convenience. With 120 floating docks nestled in a protective cove, you’ll have immediate access to the Gulf of Mexico and easy entry to the Atlantic Ocean. Discover the tranquility of Sunset Marina Dockominium in Key West.

Oceanside Marina – Liveaboard Marina

Website: Oceanside Marina

Oceanside Marina offers a variety of amenities, including a restaurant, six inviting pools, convenient laundry facilities, a bathhouse, a well-equipped fuel dock, and provisions like ice, bait, and pump-out services. What makes this marina unique? Owners have the freedom to live aboard without restrictions. Whether you prefer to run your own charter from your slip, rent it out personally, or let the marina handle the rentals while you relax and reap the rewards.

Middle Keys Boat Slips for Sale

Sombrero Marina – Liveaboard Marina

Website: Sombrero Marina

Sombrero Marina is a 57-slip harbor nestled in the heart of the Middle Florida Keys on Boot Key Harbor. The marina offers essential amenities such as bathrooms, showers, and laundry facilities. While parking is available in front of the slips, it’s not assigned, providing flexibility. Enjoy the protection of a deep-water location with easy access to both the Ocean and Gulf. Plus, relish the delights of an on-site restaurant and bar with live music. The marina is conveniently situated close to shopping and a variety of restaurants.

The Boat House / Coral Lagoon – No Live Aboard – Wet Slips and Dry Racks

Website: The Boat House

Coral Lagoon offers swift and convenient access to the Ocean and Gulf through Vaca Cut. The marina provides a range of amenities, including fuel, a fish cleaning station, a dedicated full-time dock master, a cozy tiki area, in/out service, and access to a pool, bath/shower, and laundry facilities. Short-term rentals are permitted, allowing you to stay on board for up to 5 consecutive nights and a maximum of 10 nights per month. If your boat weighs under 20,000 lbs, you can also take advantage of forklift services.

Bonefish Marina – Liveaboard Marina

Website: Bonefish Marina

Bonefish Marina features a private tiki bar, grill, bathrooms, refreshing hot showers, laundry facilities, shaded pavilions, convenient fish cleaning stations, and reliable wifi. Each slip comes equipped with a 50-amp electrical connection, water supply, and cable access. Pump outs are available right at your slip, adding to your convenience. Plus, you have the option to own the bay bottom.

Coco Plum Beach Yacht Club

Website: Coco Plum Beach

Coco Plum Beach Yacht Club boasts 50 liveaboard condominium boat slips. On-site, you’ll find a wealth of amenities, including parking, storage facilities, a charming tiki hut, essential utilities like water, electric, cable, and internet access, convenient pump-out services, a well-equipped laundry area, and a comfortable bathhouse. Enjoy the serene coastal environment at Coco Plum Beach Yacht Club

Key Largo Boat Slips for Sale

Manatee Bay Club

Website: Manatee Bay

Manatee Bay Club is a tranquil private gated community offering residents a range of amenities to enjoy. You can take a refreshing dip in the pool, unwind on the nearby beach, and make use of convenient facilities like ice machines and a laundry room. Situated along Barnes Sound at MM 112 on the US1 stretch, it’s just a short 35-minute drive from Miami, making it a convenient escape to a serene coastal environment.

Conclusion

Whether you’re seeking a liveaboard haven, deep-water access, or the convenience of dry racks or wet slips, the Florida Keys offer diverse choices.

Contact Us with any of your buying questions. We would love to hear from you.

Prumo & Carden

Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.

Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.

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