Owning a Deeded Boat Slip in North Carolina

January 31st, 2011

North Carolina Deeded Boat Slips

Owning a boat slip in eastern North Carolina has a tremendous amount of benefits, with nearly year round boating and leaving your vessel in the water all year long, to all of the adventures that coastal North Carolina offers with it’s natural waterways, rivers, creeks, sounds and the Intracoastal Waterway to explore as well as anchorages that lure and attract almost every vessel that passes her shoreline.

Here are some of the destinations that boaters like to venture while either a day venture, weekend explorer or just looking for great places of coastal North Carolina.

After reading about some of the places to anchor or visit, ask yourself, why don’t I own a boat slip there? 

The answer is simple and easy, you can …..

South River Anchorage

South River is located toward the mouth on the Neuse River.  Even though its probably the most popular weekend anchorages its size makes it anything but crowded.  Meandering close to 6 nautical miles with minimum depths of 6.5′ up to over 11′, South River has many secluded places to drop the hook. Situated near one of Eastern Carolina’s oldest settlements, the creek and tributaries once housed populations of Neuse and Algonquin Indian settlements.  South River is graced by great fishing, good swimming holes, and plenty of creeks to explore in the dinghy or kayak.  A true ‘Gunk Hole’, the length of the river is very protected and has a good bottom.  South River’s quiet, pristine unaltered landscape is pure tranquility. 

Paradise Cove on Broad Creek
 
Flowing through the towns of Pamlico and Whortensville.  Although the banks are lined with homes and docks, Broad Creek has a wildness that is unchanged.  The mouth of Broad Creek lies on the north portion of the Neuse River and was the location of the fabled Neuse River Lighthouse.  The pilings of the old lighthouse can still be seen between NR6 and NR4 markers.  It has an easily navigable entrance with minimum of 7ft depths.  The main anchorage is located in the vicinity of R4 with 12ft’ of depth.  Just a short dinghy ride down Pittman Creek is the famous Paradise Shores Marina and Bar. A hideaway truly reminiscent of the islands, proprietors Paul and Rose have brought together an eclectic mix of people, artifacts and entertainment to Pamlico County. Anchor out Saturday evening and attend the weekly potluck dinner, have beer or wine and enjoy the crew.  
 
West Bay Anchorage

From the junction of Neuse River and the Bay River, take a heading of 130 degrees for 10 nautical miles and you will be at a truly spectacular anchorage.  A long white sandy beach reminiscent of South Florida awaits you with clear blue-green water great for frolicking. The anchorage has a good bottom and 15-20′ from shore has 10 feet of depth. During a southwest breeze anchor on the north side of the spit, in a N or NE wind follow the channel inside West Bay and anchor on the SE side. Your view is of Cedar Island National Wildlife Preserve and just to the SE of Cedar Island Village which is the jumping off point for the Ocracoke Ferry.  Cedar Island has deeply ingrained maritime traditions and a tour of its homes and people will feel like a step back into simpler times. Great fishing, oystering, clamming, and crabbing are to be found in these waters.

Ocracoke Island
 
There isn’t much to say about Ocracoke that hasn’t already been said. America’s #1 Beach, home of the infamous Black Beard, Howard’s Pub, Arts and Crafts, the native islanders drogue and more fresh fish, crab and oysters that you could possibly eat.  Ocracoke is a one of a kind place.  Throughout the year there are several festivals featuring local artist and musicians.  But for a change try it in the off season.  You’ll meet more of the local people and have more time to wander the streets without the hustle of beach goers.  If you like surf casting, you’ll be in heaven. The beaches are lined with beach buggies of all shapes and sizes sporting their rod holders.  If you are in need of a brew they will happily offer one up in exchange for your ear.  Ocracoke is probably the most popular destination for sailors and power boaters around North Carolina.  There are several marinas and reservations are necessary from Memorial Day through Labor Day.  The National Park Service has  inexpensive moorings on a first come first serve basis with 30/50amp service and water.  But Lots of folks prefer to anchor out.   

Cape Lookout

Cape Lookout, among all the anchorages in the North Carolina Coast, would probably ranks #1.   Although the Bite is a tranquil place there is plenty going on to entertain youwhile lounging on your boat.  Lookout is a hub of activity for pleasure boaters and fishermen but by evening the anchorage quiets down and is only disrupted by schools of jumping Mullet fish and the Pelicans that dive after them.  Watch the weather, Lookout is a very protected anchorage but can get a little choppy during a north wind.  For boats any boats above a 3’ draft, you will be in  the Atlantic Ocean for a little bit and it can get exciting.  Beaufort Inlet, one of the most stable and easily navigable in North Carolina, can be quite busy on weekends and during fishing tournaments.  Be alert, but prepare yourself for a wonderful sail  as you approach the Bite.  The lighthouse and surrounding grounds host an interesting museum about the early inhabitants of the Outer Banks, the early years of the Coast Guard who rescued shipwrecked sailors.  There are miles and miles of unspoiled beaches to stroll looking for shells, great spots for surfing, wind surfing and kite surfing, or just laying around watching the waves roll in.   
 
Cape Lookout Bite is reached by sailing NE, 6 nautical miles from Beaufort Inlet up the coast of Shackelford Banks to Lookout Day Beacon #1.  Lookout is not just a cruising destination; it can be reached by private car or passenger ferry from Atlantic Ocean and Harkers Island.

There are many more fantastic destinations to enjoy and the North Carolina coast is waiting for you to explore and enjoy.  Whether you are a boater that just enjoys a day cruise or one that likes to anhcor these are just some of the reasons that coastal North Carolina invites you come and take a look at what she has to offer.

We have many opportunities to own a deeded boat slip for your vessel and if you are interested in owning a deeded boat slip in coastal North Carolina; now is the time to take advantage of this buyers market as deeded boat slips will become harder and harder to find.

If you any questions or would like additional information feel free to contact the company that has over 50 years of combimed experience in the boating and marina industry.

North Carolina Coastal Properties
Thomas Cleary
252-229-7746
Email: thomas@carolinawaterfrontonline.com
Website:  www.carolinawaterfrontonline.com

News and Views About Boat Slips

November 23rd, 2010

North Carolina Deep Water Deeded Boat Slips

The quantity of available boat slips continues to plummet world wide while the number of new boaters continues to increase by an average of 6-10% annually.  This problem is projected to continue and worsen in staggering proportions throughout the United States and the Caribbean.

This is GOOD NEWS for investors, insightful boat owners and slip owners interested in selling their slips. Industry magazines place the current shortage of boat storage spaces in the United States at over 500,000…..   Increasing at the rate of more than 100,000 a year.

These same magazines estimate a near-term shortage of one million spaces and predict an average rental of $20,000.00 annually.  Private marinas and what little waterfront property available for permits is being seized by large development corporations for condominium and hotel projects – eliminating or greatly reducing the dockage available for recreational boaters.  Transient and Long Term Slip rates are skyrocketing, marinas are disappearing.

Dockage along the south eastern states are becoming so difficult to acquire that one may even have trouble selling a boat unless a wet slip is part of the deal.  Wet Slip waiting lists at hundreds of marinas can easily be found to be several years long.  It is not unusual to find a Yacht Club or Marina that can only offer a new slip space through a members passing or move from the area..  Stringent Federal, State, Local government and environmental restrictions have almost completely ceased the creation of new marinas and made it almost impossible for even grand-fathered marinas to expand or even dredge in many locations.

Investors, Insightful Boaters, Developers and Waterfront Property are quickly realizing that demand is out pacing the supply at an alarming rate and they are quickly capturing the remaining opportunities as quickly as they become available.  This “land grab” is also accelerating the deficit in available rental space and putting upward pressure on the market.

Owners are quickly realizing that demand is out pacing the supply at an alarming rate and they are quickly capturing the remaining opportunities as quickly as they become available.  This land is also accelerating the deficit in available rental space and putting upward pressure on the market.  These are only a few of the factors that have contributed to what is going to be a continued shortage of dock space in the USA and Caribbean.

More often than not, opportunities to purchase docks and marina property in pre-development phases are either closely guarded deals reserved for friends, family and close associates or they are unadvertised and gone within a very short time (we mean the real deals).  The real deals are at the beginning of the development cycle – often12 to 36 months prior to construction.

For additional information contact:
Thomas Cleary
Office:  252-229-7746
Email: thomas@carolinawaterfrontonline.com
Website: www.carolinawaterfrontonline.com

When is the right time to buy a boat slip?

August 20th, 2010

North Carolina Coastal Properties  www.carolinawaterfrontonline.com

Boat slips are seeing rising demand,  however, limited supply and increasing demand across the globe make boat slips an intriguing opportunity for investors.

As the world’s population increases and baby boomers  retire, boat ownership is rapidly increasing and available options for parking boats are decreasing. In fact, two out of every three people take part in some form of boating each year.

When the boat is parked dockside in the water, is commonly called a dockominium. Dockominiums can range from concrete docks to marinas or clubs with extensive amenities, such as restaurants, golf courses and swimming pools .

In many areas, there simply isn’t enough waterfront property.  The desire for boat ownership is expanding exponentially…over and above the available landspace.  “We’ve seen a huge increase in demand but no real increase in supply” says Thomas Cleary a real estate broker and owner of North Carolina Coastal Properties located in eastern North Carolina, a firm that specializes in waterfront property and deeded deep water boat slips.

Purchasing a boat slip has many advantages.  The advantages of owning a boat slip have long been understood in the real estate market.  With a growing population of boat owners and increased demand on the part of boat owners for slips, rental prices are rising and waiting lists for rental slips are growing increasingly longer.  Now, savvy boat owners are enjoying the advantages of owning boat slips.  Boat slip owners have not only secured a home for their boats, they have the possibility of the increased value of their slips.

Boat owners and investors are capitalizing on today’s market.  Boat slips are the hottest commodity on the real estate market here in eastern North Carolina, with a limited supply and a high demand for boat slips, it’s easy to understand that purchasing a boat slip is a solid investment.

For additional information contact:
North Carolina Coastal Properties
252-229-7746
Email: thomas@carolinawaterfrontonline.com
Website: www.carolinawaterfrontonline.com

When is the best time to purchase a boat slip? You decide….

June 8th, 2010

When is the best time to purchase a boat slip, well,while many people are out on the water enjoying their boat and knowing that when they get back to their home port that their boat is safe, secure and tucked in it’s own boat slip.

So, to answer your question of when is the best time to own a boat slip, well it is rather simple, the answer is now.  Our firm having over 50 years of combined experience in the marina industry and here are a few of the many reasons we feel that in todays market that timing is everything with supply and demand being paramount.

Here are just a few reasons why:

  • 962,784 boats were registered in NC as of 2009, making it the 7th largest boating state in the U.S.
  • The primary attraction of Southeastern NC is its proximity to the many places that have easy access to the many attractions and adventures that eastern North Carolina has to offer by way of water, easy ocean access, the Outer Banks, the Pamlico Sound, the many rivers and the Intracoastal Waterway. Many new residents bring boats with them – or are prime candidates to purchase boats.
  • Available waterfront property in Southeastern NC is dwindling. The chance to own a slip on the water is going to become a rare opportunity.
  • Here are additional facts to consider:

  • Equity: You will build equity in a rapidly dwindling resource as demand continues to outstrip supply.
  • Appreciation: Increasingly stringent governmental regulation limiting the number of marinas which can be built, coupled with the consistent demand for boat slips, creates the potential for an appreciation in your slip’s value. While no value can be predetermined, a little historical research will show that most urban and suburban slips on the Atlantic Coast have averaged appreciation rates between 8% and 14% over the past 20 years. NO OTHER real estate product we are aware of has performed as well.
  • Rental Income: Your slip can provide rental income when not in use, and this can even be managed for you.
  • Potential Tax Benefits: Ownership can offer possible tax savings. If the purchase is financed by a qualifying home equity loan, or if the boat and slip can qualify as a second home, the interest is generally tax deductible. Additionally, the real estate taxes paid in connection with the slip are also tax deductible. Always consult with your tax advisor.
  • Liquidity: A boat slip can be sold or transferred, at any time, or passed by inheritance the same as any other titled real estate product.
  • Controlled Expenses: Ownership can assure control of expenses as rental rates climb even higher. If structured properly, the after-tax cost to many boat owners will be less than the rental rate they would be paying for the same period. After the loan is paid off, the ongoing cost of owning the slip is a fraction of rental.
  • Security: Ownership will secure for you and your family a permanent home for your boat and the lifestyle that boating provides.
  • Value: Ownership of a slip allows its owner many of the benefits of having waterfront ownership, without the tremendous costs associated with this type of ownership.
  • So as you can see there are many advantgaes of owning a boat slip and with great financing still available for boat owners that want to own a boat slip  of their very own, now is the time…..

    For additional information contact:
    North Carolina Coastal Properties
    Office: 252-229-7746
    Email:  thomas@carolinawaterfrontonline.com
    Web Site: www.carolinawaterfrontonline.com

    Year Round Boating

    May 18th, 2010

    Eastern North Carolina

    Finally, spring is here in eastern North Carolina and this past winter been a long hard winter in the northern states, in some cases getting record snow storms and freezing weather that seemed to have lasted much longer than anyone wanted.

    Most people in the northern states have their boats hauled out of the water for the winter having a very limited short boating season and most people that I have met along the way are disenchanted with the thought of boating for three to fours months and then the daunting task of packing up their boating season for another winter that is coming their way.

    Eastern North Carolina offers nine months of really good boating weather, in fact; some days on the coastal waters of eastern North Carolina during the winter months being basically December, January and February still have days when there are some really gorgeous days to be on the water, we even have a New Year’s Day Regatta!  Thanksgiving Day usually offers a great day to go for a nice cruise, so even though it’s winter here, we still have many opportunities to enjoy the water during the colder months.

    My point is simple, here in eastern North Carolina 97% of the boats are kept in the water all year round making boating enjoyable for most of the 12 months of the year.  Some boats are hauled and stored out of the water, with most of them being hauled out for maintenance, bottom painting and the general required tender loving care that all boats need to treat us good while out on the water.

    Some people winterize their boats and some just use a little ceramic heater just to take the edge off so that when the days are comfortable to go out and explore, the boats are ready to go!

    After years and years of enjoying boating for only 3 to 4 months a year and then the dreaded and daunting task of packing the boat up of the winter, it’s time to start thinking, that you bought the boat to enjoy, boats cost a lot of money to purchase, insure as well as maintain and let’s not forget about the cost for dock-age if you are renting the boat slip or if you purchased the boat slip and last but not least, then the cost of the storage of the boat for the entire winter.  It all adds up to be a very expensive year round expense that you will pay dearly for just a few months of enjoying what you love, to be out on the water with family and friends.

    If you are interested in making an investment in your boating fun, then why not make the best of your investment and enjoy the maximum time of pleasure that eastern North Carolina offers, in an area where in any direction that you travel is a new adventure.  Here along the Inner Banks of North Carolina, we are located on the widest river in the country, which is the Neuse River being 5 miles wide which leads to the Pamlico Sound and the Outer Banks, Ocracoke and the Atlantic Ocean for blue water sailing or some of the best off-shore sport fishing the world offers.

    The Intracoastal Waterway will take you from the Neuse River to Morehead City, Beaufort, Cape Lookout, Shackleford Banks where wild horses have roamed the island for several hundred years and amidst all of the coastal beauty is the historical charm of  the entire area.

    If you are thinking about the purchase of a boat slip here in eastern North Carolina, then now is the time…..  Even in this current market, deeded boat slips are a hot commodity and with the ever changing rules that govern the permitting process which is regulated by CAMA (Coastal Area Management Act – North Carolina Division of Coastal Management) that are responsible for the issuance of permits for private docks and boat slips on private waterfront lots as well as any size marina permits, minor or major permits are becoming extremely hard to acquire, which simply means that boat slips deeded or otherwise will become scarce, becoming harder and harder to find.

    The present economy has drastically impacted the future development of marinas everywhere and has directly affected the way boat owners are viewing the potential of owning a boat slip here in eastern North Carolina.  Quality, protected, deeded boat slips in the better locations in the very near future will not only be hard to acquire; they will be scarce and cost more to purchase.

    So, whether you live in the northern states and are wondering how to extend the enjoyment of your boating fun without the trials and tribulations of only using your boat for a short period of time and then having to pack up your boating season for longer than you have actually used your boat or live anywhere and just want the pleasure of having a boat slip that offers every opportunity that one can imagine to have the full enjoyment of your vessel for the majority of the entire year; then now is the time….

    For additional information contact:
    North Carolina Coastal Properties
    Thomas Cleary
    Office:  252-249-3030
    Cell: 252-229-7746
    Email: thomas@carolinawaterfrontonline.com
    Web Site:  www.carolinawaterfrontonline.com

    The Boat Slip Shortage

    November 4th, 2009

    Boat Slip

    The quantity of available boat slips continues to plummet worldwide while the number of new boat owners continues to increase by an average of 6-10% annually.

    This problem is projected to continue and worsen in staggering proportions throughout the U.S. and the Caribbean.

    This is GOOD NEWS for investors, insightful boat owners and slip owners interested in selling their slips!

    Industry magazines place the current shortage of boat storage spaces in the United States at over 500,000…..  Increasing at the rate of more than 100,000 a year.  These same magazines estimate a near-term shortage of one million spaces and predict an average rental of $20,000.00 annually.

    Private marinas and what little waterfront property available for permits is being seized by large development corporations for condominium and hotel projects – eliminating or greatly reducing the dockage available for recreational boaters.

    Transient and Long Term Slip rates are skyrocketing, marinas and docks are disappearing.  Dockage along the south eastern states are becoming so difficult to acquire that one may even have trouble selling a boat unless a wet slip is part of the deal.

    Stringent Federal, State, Local government and environmental restrictions have almost completely ceased the creation of new marinas and made it almost impossible for new and even grandfathered marinas to expand or even dredge in many locations.  Public trust waters (natural coastline) are controlled by the most stringent rules and the toughest regulations are finding that the days of easy permitting are far gone and hardest permits to obtain.

    Investors, insightful Boaters, developers and waterfront property owners are quickly realizing that demand is out pacing the supply at an alarming rate and they are quickly capturing the remaining opportunities as quickly as they become available. This “land grab” is also accelerating the deficit in available rental space and putting upward pressure on the market.

    These are only a few of the factors that have contributed to what is going to be a continued shortage of dock space in the USA and Caribbean. More often than not, opportunities to purchase docks, dry racks and marina property in pre-development phases are either closely guarded deals reserved for friends, family and close associates or they are unadvertised and gone within a very short time.

    The “real deals” are at the beginning of the development cycle – often 12 to 36 months prior to construction.

    For Additional Information Contact:
    Thomas Cleary
    Cell: 252-229-7746
    Email: thomas@carolinawaterfrontonline.com
    Web Site: www.carolinawaterfrontonline.com

    The Advantages Of Owning A Boat Slip

    October 25th, 2009

    Carolina Waterfront Online

    The Advantages Of Owning A Boat Slip

    Purchasing a boat slip, wet or dry, has many advantages.  The advantages of owning have long been understood in the traditional real estate market.  With a growing population of boat owners and increased demand on the part of boat owners for slips, rental prices are rising and waiting lists for rental slips are growing increasingly longer. Now, savvy boat owners are enjoying the advantages of owning boat slips.  Boat slip owners have not only secured a home for their boats, they have the possibility of the increased value of their slips.

    What is a boat slip?

    Boat slips are individual slips that can be sold and transferred by deed to individual boat owners and investors. Sometimes, included in the purchase price of the slip, is the ownership (in common with the other slip owners) of the marina common areas. These might include things such as a service center, marina store, fuel dock, office/retail space, etc., the marina parking, recreational amenities, club house, restaurant, gym, swimming pool, etc.

    What type of amenities with slip are available ownership?

    Many facilities offer a club like atmosphere. They may include swimming pools, tennis courts, gyms, showers and rest rooms, laundry facilities, picnic areas, assigned and guest parking, a restaurant , lounge, ship’s stores, car and/or bicycle rentals, complete fuel dock(s) (both gas and diesel), pump-out stations at each slip, as well as complete maintenance programs, staffs, facilities and services for your yacht.

    Are there property taxes?

    Yes. Taxes must be paid like any other real estate that you might own.

    Is financing available for my boat slip purchase?

    Yes.  With the same tax deductions that a conventional mortgage offers.  We have local financial institutions in place that can help you with financing.  There are many advantages to owning a slip versus renting.

    These benefits include the following:

    1: More control of your boating water access, lifestyle and destiny.

    2: Building equity of owning as opposed to leasing.

    3: If the purchase is financed by a qualifying home equity loan or if the boat and slip can qualify as a second home, the interest is generally tax deductible. Additionally, the real estate taxes paid in connection with the slip are also tax deductible. Always consult with your tax advisor.

    4: If structured properly, the after-tax cost to many boat owners will be less than the rental rate they would be paying for the same period. After the loan is paid off, the ongoing cost of owning the slip
    is a small fraction of rental.
    5: Ownership of a slip protects a boat owner from the consistent increases in rental rates. The slip becomes an asset instead of a cash drain.6: The boat slip can be sold or transferred, at any time, or passed by inheritance .7: If an owner is not using his slip, the slip may be rented for income.8: Increasing governmental regulation limiting the number of marinas which can be built, coupled with the consistent demand for boat slips, create the potential for an appreciation in your slip’s value.

    For Additional Information Contact:
    Thomas Cleary
    Cell:  252-229-7746
    Email: thomas@carolinawaterfrontonline.com
    Web Site: www.carolinawaterfrontonline.com

    Carolina Waterfront Online

    October 12th, 2009
    Carolina Waterfront Online
    Welcome to Carolina Waterfront Online…..

    North Carolina’s waterfront property and deep water, deeded boat slip specialists serving eastern North Carolina.

    We are proud to bring you only the finest properties and the best waterfront and marina communities that eastern North Carolina has to offer.

    If you are interested in selling your property or boat slip, we welcome the opportunity to talk with you.

    Thank you for visitng our web site and please feel free to post your comments.  We welcome the opportunity to hear your news and views about coastal North Carolina.

    Most Respectfully,
    Thomas Cleary
    Office: 252-229-7746
    Email: thomas@carolinawaterfrontonline.com
    Web Site: www.carolinawaterfrontonline.com