A Cheap, Waterfront Condo
I know of a number of New Yorkers that have boats down in the Chesapeake Bay area that only use the boats as cheap, stationary vacation cabins with a waterfront view. Drive down on the weekends, a couple dozen margaritas, and then head back. I also know a gentleman in the area that does a liveaboard (power boat) as his home due to the relatively inexpensive cost. He NEVER takes the boat out, and probably wouldn't know how to captain it if he did. Boats can make good homes, they have great waterfront views, can have a wonderful, nautical social atmosphere about them, and cost less than a house on dirt. That in itself can be attractive to people who have no interest in sailing (although it's hard to imagine).