Fla. struggling with superyacht influx, dock space fetching $1M even before boats are built

[Kamaji]

Fla. struggling with superyacht influx, dock space fetching $1M even before boats are built

By Selim Algar
June 26, 2023

We’re going to need a bigger slip.

South Florida’s voracious appetite for yachts — along with their ballooning size — has marinas scrambling to accommodate financiers and celebrities desperate to dock their floating mansions.

“South Florida has become a highly desirable place to live not just domestically, but globally,” said Carolyn Stone, deputy Palm Beach town manager of business enterprise and culture.

“Yachting is part of the luxury lifestyle. There just weren’t enough slips to accommodate the bigger yachts.”

The shortage has spurred a frenzy to secure slips for behemoths that stretch up to 300 feet long, with some owners shelling out hundreds of thousands of dollars annually just to park them in prestigious spots.

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Source:  https://nypost.com/2023/06/26/fla-struggles-with-superyacht-influx-dock-space-fetching-1m/

[Smokin Joe]

Well, there goes the neighborhood.

[PeteS in CA]

Those bogey-rich people leaving soak-the-rich states are going somewhere.