A Boat Slip: Buying

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.

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. buying a boat slip

Some marinas offer 99-year leases that function similarly to ownership but ultimately revert to the marina owner. Critical Considerations Before Buying Waterfront property is limited