Why are slip's so expensive?

Ours is $1350 for the season (April 1 to Nov. 1) for 22' to 27' boat and includes electricity, water, 24 hour security, and free pump out. Gas was about $3.00 for most of the summer for 89 octane (highest was $3.08 over the 4th of July weekend).
 
Why are slip's so expensive Same reasons boats are.

glocklt4 said:
My house is $750/mo. 3bd/2.5bath 2200sq ft 1991, nice two story place on a 1/8th acre plot in Dallas with two small ponds at the bottom of my yard and golf course just past that.

The slip I am looking into with an upgraded boat is $325/mo for 30x13 (lowest price they have to hold a 28-32' boat), or $420/mo for 40x14 (to add deck and still fit boat) with 1 year up front payment plus power. What am I missing... ? Hard to imagine paying half the payment of my house towards a floating place to tie my boat up to, which will probably only be $100/mo more than the slip cost too!

Sure it's not cheap to build a floating dock on the water and add a metal cover to it. Probably takes some basic annual or bi-annual maintenance to keep it up. But the pier has to pay for itself over and over with rent income. Do marinas just make THAT much $? 950 slips of say and average $375/mo... $356k a month is pretty nice income on top of what your restaurant and gas dock make too, ha! Time to go back to SimCity and add a crap load of marinas for income :)
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Some one is willing to pay the price, supply in demand. I ask the same question why are boats so expensive. I have a 2000 sq' house with a 2 car garage on a 1/2 acre lot just north of Toronto with far more technology than my boat but a new 340 cost more than my house. Supply and Demand

Ken
 
I wish I could buy a slip. We pay $800/month, all year long for a 40x14.
 
SummerDeis said:
I gotta move! Slip here is $4,600 for my 37 Sea Ray including electric and pool and electric gate.....
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Baywood? Been there. Done that. Location is OK. Owner and owner's son are jerks, and that's being very generous.
 
$1350 a year includes yard storage (blocked up in the yard) I have to pay my own electric which runs close to $30 a month. Pool and pavillion. But sits out in the country not really near any big city. DC is probably a good 3 hour ride for me I'd guess. Used to be $800 a year withing the last 5 years or so, I guess they got wise to the scam!!
 
$750/month for your house??? I moving back to Texas. Just think, you can boat almost all year round so the money you spend is not that bad (divided across a greater number of months) than those that are in the NE and the like.

Get a head, running water, stove and have her as a second home deduction. Of course, consult with your tax advisor first.

Still, $750 a month for a mortage. I remember those days before wife, kids, dogs, girlfriend, ...........
 
$1950 per season at my place. Includes electric and water. Then $1.50 per sq.ft for winter storage. The thing I like about this marina is that I can drive right up to my slip and park, theres grass, and a picnic table for every slip, barbecue.

I'd really like to hear a good answer to the original question.....
 
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Dock rates on Lake George are running about 125.00-150.00 per running foot. That would be for May-October. Winter storage is about 50.00 per foot not including winterization.
 
We pay $127 per ft. for summer (Apr. 15 - Oct 15) and the per foot is total lengh or the lengh of the boat they could fit in your slip, I pay for 36 ft for my 330 Sundancer and they charge $310 per cord for electric. My total summer cost is $5192 plus tax. And we get cable for free...
We loose use of our boat for two weekends in September for the Norwalk boat show, they say our price reflects a "discount"



$5,192 Summer
$2,100 Winter (land)
$680 Shrink wrap
------------------
$7,972 Total storage, Maybe I should find a cheaper hobby..... Nah!!!
 
Michael said:
$750/month for your house??? I moving back to Texas. Just think, you can boat almost all year round so the money you spend is not that bad (divided across a greater number of months) than those that are in the NE and the like.

Get a head, running water, stove and have her as a second home deduction. Of course, consult with your tax advisor first.

Still, $750 a month for a mortage. I remember those days before wife, kids, dogs, girlfriend, ...........
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Yep. Just did a refi at 4.5% on $148k left that I owe. At that low of a payment and rate, I do not plan on throwing more than min at it for a while. That's cheaper than anywhere I've lived including apartments in college! Getting married in a year so dual income starting soon as well.

Plan is definitely to write off as second home. That will get back about $1k a year for a while, so plenty to cover annual fluid changes and maybe some other maintenance.

If all goes as planned so far, we'd spend about 10-12% of our after tax income towards everything with the boat.

You do have a good point about getting more use out of the investment in Texas!
 
glocklt4 said:
Geez, looking at rates that most people are paying, Pier 121 is a rip off... $3900/yr for 30x13 or $5040 for 40x14 is a lot higher than what I'm seeing those guys pay, and the prices i'm quoting are without utils.
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glocklt4,

I have a slip at Peir 121, Ive been there for two seasons now. I too had sticker shock when I first started looking at slip prices while considering my purchase. I started out with a slip just large enough for my 280DA to fit, then last year upgraded to a large slip with 10' of decking as well. Looking back on it now, its well worth the money.

While not as popular of a marina as 121 or Eagle Point, you might check out Lake View Marina (http://www.ldbc-lakeview.com/). I know they have lower prices there than 121 does, but again the atmoshere isnt quite the same.

There is also a new marina being built on the north side of Lake Lewisville in the Hidden Cove park area (http://www.marinequest.net/hiddencove/). I havent seen pricing and it is still under construction, but you might check pricing there as well.
 
Wow, at least you can get a slip.

In Whittier, Alaska there is a "waiting list" with a 5-7 year wait. It costs you $40 a year just to be on the list. When your number comes up, you have a year to place a boat in the slip.

I haven't even asked what the rate is for the slip...............I am afraid too...:wow:

http://www.whittieralaska.gov/small_boat_harbor.html

The only private slips in Alaska are also in Whittier for $115K

http://anchorage.craigslist.org/boa/1308271309.html

My plan is to leave it on a trailer, and pay the $400 a season to store it in the parking lot. Then haul it home for the winter..
 
Typical price for a slip in our area is $30,000 for a 12 x 30 plus the cost of a lift. We dry stack for $2,100/ year. I really like having the boat inside when we're not using it. It is nerve racking watching them pick it up with the fork lift and placing it in its bunk.:wow:
 
Our property taxes are less per year than the going rate for a 17-50 foot slip. Buy a house on a lake.
 
Move to Alabama.

Here you can get a nice 5 BR waterfront home on the main channel of the Tennessee River with 110' of waterfront and a new two-slip (30' each) boathouse in the mid-$300's.

Of course, the downside is you would have to move to Alabama.:smt001
 
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