140 Slip Naples Marina Goes on Auction Block Mid-April

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Chicago-based Sheldon Good and Company announced this week that they will conduct an auction of 140 premium condominium boat slips within the Port of the Islands Marina in Naples, Florida on Thursday April 14th, 2011. Offered together in bulk, the 140 slips, of which 52 are liveaboards, are guaranteed to sell at or above $1,960,000.

The Port of the Islands Marina is considered a boater's paradise by many with direct access to the Gulf of Mexico, as well as the Ten Thousand Islands, the famed backwaters of the Everglades.

The naturally protected marina offers great fishing and boating, combined with luxury amenities and set among one of the most pristine ecosystems found anywhere in the country.

The state-of-the-art marina features Bellingham concrete floating boat slips, new lighting pedestals with 15, 30, 50 Amp electrical service and water service. In addition, the marina offers a new pump out station, boat washing facility, fueling station and boat launch ramp.

Fifty-two of the available slips are considered desirable due to their liveaboard certification. Slip ownership includes the use of The Islands Club amenities, featuring a heated swimming pool, two lighted tennis courts, a fitness center with sauna, steam room and showers, a billiards and card room, Angler's Cove Restaurant and bar, conference rooms and two executive office suites. The purchase of the slips will also include fee simple title to the submerged land, rare in the state of Florida.

"There are so many unique aspects of this property," said Richard Moravek, Managing Director of Sheldon Good and Company in the Southeast region, based in Miami. "With a minimum bid of just $1,960,000 for all 140 slips, that works out to only $14,000 per slip, making this an incredible investment opportunity. The prime location, quality construction, and luxury amenities make these slips very appealing to a wide range of buyers."

Speaking of the extensive renovations recently completed, Christopher Shucart, a managing member of The Islands Marina, LLC said, and "Our goal was to build a first-class marina in a picturesque setting whose reputation would quickly spread once people had a chance to visit. The end result far exceeded our admittedly high expectations."

Shucart continued, "The owner of the adjacent Port of the Islands Hotel has future development plans for three residential condominium buildings on the property. With the addition of 100 new units, demand for slips within the marina only stands to increase into the future."

Conveniently located about 20 minutes from downtown Naples, the marina is an hour from Ft. Myers, and just over an hour and a half to Miami.

In addition, a 2-acre commercially zoned site (C-4) with approximately 388 feet of frontage along Highway US 41 is also available.

The auction will take place on Thursday, April 14th at the Naples Grande Hotel, 475 Seagate Drive in Naples. Registration will begin at 11:00 a.m. Eastern Time, and the auction will begin at noon.

 

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