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Old 08-08-2007
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Price Premium for a Slip in San Francisco

Hello all, I'm currently looking at buying a boat and getting the current owner's slip at gas cove marina in San Francisco. I'm trying to price out the value of the slip, as the current offering price strikes me as too steep.
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I have seen people ask for 20k over the true value. Slips at pier 39 go for anywhere between 8k and 30k.
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good info, thanks.
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Old 08-08-2007
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I have seen people ask for 20k over the true value. Slips at pier 39 go for anywhere between 8k and 30k.
BF, is that buy or rent?
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Technically, they are both rent. SF marina is City owned and run, so no ownership, but their is a loophole, and people charge more for the boat with the slip attached. Pier 39 is leased from the City by Pier 39 LLC. You can buy the slip for 30 some-odd years, so its basically a lease too. That last one makes no sense to me at all.
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Old 08-09-2007
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Quote:
Originally Posted by bestfriend View Post
Technically, they are both rent. SF marina is City owned and run, so no ownership, but their is a loophole, and people charge more for the boat with the slip attached. Pier 39 is leased from the City by Pier 39 LLC. You can buy the slip for 30 some-odd years, so its basically a lease too. That last one makes no sense to me at all.

That's lame. The port of Seattle makes you give up your slip if you sell your boat. The slip goes back in the pool and whoever is next on the waiting list gets it. Keeps it fair. I don't think anyone should be able to profit from a City owned marina. And what's with an LLC running a City owned property? Californians......
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It depends on the specific marina. Some only let you stay there for 12 months or so if you purchase a boat then they give it up to the next person on the waiting list. Tends to depend on how much demand there is.
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South beach was very kind to me when I bought my boat there. They moved me around on the slips that were open while people did haulouts, trips, etc. We stayed for about six months until they ran out of options for us.
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