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Old 07-10-2006, 07:40 PM   #1
secondcurve
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Default Marina Sales @Goodhue Hawkins

Goodhue Hawkins recently began selling its slips to the public, as condos. The prices start around $80,000, I believe, and head up from there. The facilities, location and the staff are top shelf. What do folks on the forum think, is now the time to dive in and buy a slip? The numbers don't seem to work, but they could be worse in the future. After all, there are only so many slips on the lake.
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Old 07-11-2006, 08:28 AM   #2
codeman671
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From what I have seen lately there seems to be quite a few condo slips coming on the market at MVYC and prices appear to have softened up a bit. I have looked into buying but you are correct, the numbers do not work unless you are putting a lot down in which case there may be better things to do with your money.

I never have a problem finding a rental slip each year, every time I have booked one I am always given first refusal on the next year so if you find the spot you want to be in as long as you are respectful to the premisis docking should never be a problem. I pay $4200 a year including winter storage for a 38' slip, figuring in a mortage, taxes, condo fees, electricity and water and winter storage you could not pay for all of this for $4200 a year. Most marinas will guarantee you a slip if you buy a boat from them so I do not see rental availability a problem.

If your boat is exceptionally large, ie 40'+ overall length or an extremely large beam being a factor then it might be worth considering.
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Old 07-11-2006, 08:31 AM   #3
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If you check out the classifieds on this site, you will see what a few other condo docks around the lake are going for. $80,000 may be a good price today depending on size.

Personally, I think dock prices today are unsubstainably high and I'm guessing a correction is coming. But what the heck do I know.
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