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Dockominiums Pros/Cons

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Old 07-26-2005, 04:40 PM
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Default Dockominiums Pros/Cons

I'm considering purchasing a dockominium in the Ft. Myers Florida area. What are the Pros and Cons of these. On the surface it appears great-full use of resort facilities, cable,water, electric, fuel at cost, use of pool, restaurant, bar and high/dry storage. Is there anything I should be aware of? How much is insurance?
Thanks for your input!
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Old 07-27-2005, 08:33 AM
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Default Re: Dockominiums Pros/Cons

T T T
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Old 07-27-2005, 08:40 AM
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Default Re: Dockominiums Pros/Cons

Quote:
Originally Posted by Robert Geoghegan
I'm considering purchasing a dockominium in the Ft. Myers Florida area. What are the Pros and Cons of these. On the surface it appears great-full use of resort facilities, cable,water, electric, fuel at cost, use of pool, restaurant, bar and high/dry storage. Is there anything I should be aware of? How much is insurance?
Thanks for your input!
Robert,
I've got to ask the dumb questions, What is a "dockominium"?
Thanks,
Dean
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Old 07-27-2005, 09:04 AM
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Default Re: Dockominiums Pros/Cons

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I've got to ask the dumb questions, What is a "dockominium"?
ditto
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Old 07-27-2005, 09:04 AM
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Default Re: Dockominiums Pros/Cons

Its a condo with a boat slip under it .

hope ya get good neighbors
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Old 07-27-2005, 09:27 AM
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Default Re: Dockominiums Pros/Cons

It's a rack storage facility that's gone condo. Instead of renting you now own it just like buying a condo. The upside is that you now own an asset with appreciation potential. This one is located next to Sanibel Harbor Resort and they are giving you resort privileges with you membership.
It's a great location and if they deliver everything that's promised it looks to be a nice set up.
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Old 07-27-2005, 01:49 PM
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Default Re: Dockominiums Pros/Cons

Sales, is right. The facility I'm considering is next to the Sanibel Harbour Resort. I'm surprized more people aren't familiar with "dockominiums". It appears to be a beautiful facility. The way I understand it is: you own the dock space but have the option of rack storage when you are not there, or have the option to rent your dock out. One can also sell the dock-just like a condo.
I'm curious as to 1) how much appreciation to expect? 2) How much $ do similar dockominiums cost?
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Old 07-27-2005, 02:09 PM
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Default Re: Dockominiums Pros/Cons

Who owns the submerged land under the slip and dock? Is it a submerged land lease from the state of Fl.? I'd ask that Q?
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Old 07-27-2005, 02:31 PM
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Default Re: Dockominiums Pros/Cons

Sounds a little different than a Texas style dockominium. Above the slip we have a 2 bedroom 2 bath, full kitchen, living room with bigscreen and surround sound. At dock level a full rock face bar and patio area. I know this wouldnt happen in Florida but it is fun to compare. Wish ours was in Florida, It might be if this one sells....Any takers?
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Old 07-27-2005, 02:42 PM
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Default Re: Dockominiums Pros/Cons

Hawk,
How much do those units go for $ ?? Looks sweet-I wish the units in Fl. came with a "living unit".
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