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THE WATERWAYS MARINA, AVENTURA.
In the privately owned Waterways Marina in Aventura, North Miami,
Florida there are 10 Yacht slips presently available for purchase on a
fee simple/freehold basis, suitable for vessels of deep draft up to 90ft
in length.
These slips are sold with clear title and unrestricted ownership rights
of the airspace and the underlying land.
Aventura is a very luxurious residential area with a mix of highrise
condominiums, town houses, waterfront homes and a major golf course.
Turnberry Isles Resort and Marina is nearby and this internationally
known resort permits a direct comparison of Marina rates and bookings.
The Waterways Marina has access to the ocean, 50 minutes North to Fort
Lauderdale and 25 minutes South via Haulover Pass at Bal Harbour. There
are no fixed bridges to Ft Lauderdale and the controlling height south
is the Haulover bridge with 32ft clearance at high tide.
Average depth of water in the slips exceeds 20ft /6m.
Protection from storms is provided by its geographical location and the
highrise buildings that have been completed to the East of the docks. In
marine terms, this is an unusually safe location and offers the maximum
protection from severe weather.
The Marina is exceptionally attractive, fully landscaped and offers to
those who own or lease surrounding property, an opportunity to keep an
eye on their yacht from their own back yard.
Waterfront real estate is in ever decreasing supply for yachts, just as
it is for the residential market. Restrictions by the Corps of
Engineers, Florida State, the Department of Environmental Regulation and
local interest groups aim to keep it that way, while Public marinas are
disappearing at the rate of 6 % per year as condominiums take their
place. The location of safe, decent dock space is an ongoing problem for
owners of the bigger yachts - 80 ft and above.
Homes are now being purchased solely on the criteria of their available
dockage and the residence often leased out. Condominium owners, however,
if they wish to own a substantial yacht and many do, are obliged to rent
a dock at ever increasing expense. To be able to purchase a dock
outright is extremely rare, hence the exceptional situation at the
Waterways Marina.
Prices of this kind of asset reflect the situation and the attached
document details comparative boat dock prices elsewhere in South East
Florida.
Generally speaking docks sell in the price range of $4,000 and upwards per linear foot.
The Waterways is still very reasonably priced. Europeans in particular will be
aware of the value offered, as comparable facilities in the
Mediterranean are priced at many times that sum.
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