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.

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.
  
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