Buying A Boat | Slip

You buy a share in the marina association that grants you the exclusive right to use a specific slip.

Buying a boat slip—often called a "dockominium" when purchased as real estate—is a significant investment that offers lifestyle convenience and potential financial returns. Unlike renting, ownership provides long-term stability and the ability to build equity in a scarce waterfront asset. Key Benefits of Ownership buying a boat slip

You own the slip outright, similar to a condo or land. It is recorded as real property and often comes with a clean title and deed. You buy a share in the marina association

Some marinas offer 99-year leases that function similarly to ownership but ultimately revert to the marina owner. Critical Considerations Before Buying Key Benefits of Ownership You own the slip

Waterfront property is limited. In high-demand areas, boat slips can appreciate in value or be rented out to other boaters to generate passive income.

Ownership protects you from the rising annual rental rates common in popular marinas.

Skip the long ramp lines and towing. Your boat is ready at the marina whenever you are.