Reply
 
Thread Tools Display Modes
 
Old 08-17-2015, 10:57 AM   #1
Guru
 
ancora's Avatar
 
Join Date: Dec 2007
Posts: 3,489
Bargain moorings...

Interestin' info on moorings for sale in Avalon Harbor, Catalina Island:
Cheapest mooring: $79,500
Priciest: $2.2 million (two at this price)
Total price of moorings for sale: $12,067,500
Median price: $365,000
How do these prices measure up to your area?
__________________
Advertisement

ancora is offline   Reply With Quote
Old 08-17-2015, 11:15 AM   #2
TF Site Team
 
ksanders's Avatar
 
City: SEWARD ALASKA
Country: USA
Vessel Name: LISAS WAY
Vessel Model: BAYLINER 4788
Join Date: Feb 2011
Posts: 3,954
Are you kidding???

People actually pay real money for a place to "anchor out" abet with a permanent spot and ground tackle?

That is ludicrous!!!
__________________

__________________
Kevin Sanders
Bayliner 4788
Seward, Alaska
www.mvlisasway.com
ksanders is online now   Reply With Quote
Old 08-17-2015, 11:33 AM   #3
Guru
 
psneeld's Avatar
 
City: Avalon, NJ
Country: USA
Vessel Name: Freedom
Vessel Model: Albin 40
Join Date: Oct 2011
Posts: 15,887
Ah...just tie up and see if you get kicked off...

See other thread....
psneeld is offline   Reply With Quote
Old 08-17-2015, 11:45 AM   #4
Guru
 
caltexflanc's Avatar
 
City: North Carolina for now
Country: USA
Vessel Name: Small Incentive
Vessel Model: Boston Whaler 130 Sport
Join Date: Aug 2011
Posts: 3,792
Any of those in Two Harbors by chance? Might explain the price delta a little. Catalina is a very unique place, so scarcity causes the high prices. Problem is for practical purposes there is no alternative, including anchoring (the anchorage on the other side of casino is pretty exposed and around 100 feet deep.).

There are some spots like Oyster Bay, NY or Nantucket where I wouldn't be surprised if the cost was high, given what they charge for a transient (90 and 80 in our case). So compare that to Catalina, they may be even higher?
__________________
George

"There's the Right Way, the Wrong Way, and what some guy says he's gotten away with"
caltexflanc is offline   Reply With Quote
Old 08-17-2015, 12:04 PM   #5
Senior Member
 
jungpeter's Avatar
 
City: Everett
Country: US
Vessel Name: SPIRIT BEAR
Vessel Model: PACIFIC TRAWLER 40
Join Date: Mar 2013
Posts: 131
Well, not exactly "ownership" in the fee-simple sense. What is being sold is a leasehold agreement with the Santa Catalina Island Company (the "Company") for the mooring. For the many tens of thousands of dollars demanded for these leases, the leaseholder gets the privilege of reserving use of "your" mooring ball, provided you give the Harbor Department in that particular cove something like 48 hour notice of arrival. If you are not on your mooring ball, the Company reserves the right to rent your mooring to others, and keep the mooring fees (for a 50' mooring, something like $2/ft/day) for themselves. In addition, the leaseholder must pay a lease fee to the Company for several thousand dollars a year for maintenance of the mooring. BUT, the lease owner gets to moor for free when you are on "your" mooring. Such a deal!

Outrageous? Yeah. But the asked (and answered) cost of these scarce leasehold moorings reflect the supply and demand. Don't want to pay to play in Avalon? Go and take your chances a mooring is available, or don't go. Many is the boater who has showed up Saturday morning in August to be turned away, and had to return to the mainland, with his weekend in the toilet. Anchoring is not explicitly forbidden, but mooring balls fill almost 100% of the coves in Catalina. 100'+ depths generally discourage anchoring out, not to mention the chop and wakes from passing boats.

I doubt a single leasehold mooring has EVER been turned back to the Company for inability to continue to make lease payments, or lack of interest. Most are passed generation to generation through the family, or sold on the open market as the examples provided.

Guess why I moved to the PNW????

Pete
jungpeter is offline   Reply With Quote
Old 08-17-2015, 12:44 PM   #6
Guru
 
TDunn's Avatar
 
City: Maine Coast
Country: USA
Vessel Name: Tortuga
Vessel Model: Nunes Brothers Raised Deck Cruiser
Join Date: Feb 2015
Posts: 671
A bit cheaper here. Depending on the depth of the water and how heavy you want your ground tackle to be, a mooring here on Mount Desert Island, ME (where Acadia National Park is) will set you back between about $1,500 and $3,500. On top of that you will have to pay $50-$140 per year to the town. The price range represents the different towns and the cost differential for resident and non-resident. Inspection every three years runs about $150 + any needed repairs (normally a new top chain for about $500-$1,000 depending on water depth and size of chain.).

Seasonal rental moorings run about $1,500. Nightly rentals run from $25 to $50 (mostly depending on where the mooring is).
TDunn is offline   Reply With Quote
Old 08-17-2015, 12:51 PM   #7
Guru
 
Alaskan Sea-Duction's Avatar
 
City: Inside Passage Summer/Columbia River Winter
Country: USA
Vessel Name: Alaskan Sea-Duction
Vessel Model: 1988 M/Y Camargue YachtFisher
Join Date: Jul 2012
Posts: 3,147
Quote:
Originally Posted by ksanders View Post
Are you kidding???

People actually pay real money for a place to "anchor out" abet with a permanent spot and ground tackle?

That is ludicrous!!!
And I thought $180 K for the slips at the private marina in Whittier was WAAAAY out there. Imagine they are quite a bit more now...
__________________
1988 M/Y Camargue Yacht Fisher
Alaskan Sea-Duction
MMSI: 338131469
Blog: http://alaskanseaduction.blogspot.com/
Alaskan Sea-Duction is offline   Reply With Quote
Old 08-17-2015, 01:24 PM   #8
Guru
 
Wayfarer's Avatar
 
City: Oneida Lake, NY
Country: USA
Vessel Name: Radio Flyer
Vessel Model: Wilderness Systems Aspire 105
Join Date: Aug 2014
Posts: 784
via Imgflip Meme Maker
__________________
Dave
Just be nice to each other, dammit.
Wayfarer is offline   Reply With Quote
Old 08-17-2015, 01:28 PM   #9
Guru
 
Alaskan Sea-Duction's Avatar
 
City: Inside Passage Summer/Columbia River Winter
Country: USA
Vessel Name: Alaskan Sea-Duction
Vessel Model: 1988 M/Y Camargue YachtFisher
Join Date: Jul 2012
Posts: 3,147
Quote:
Originally Posted by Wayfarer View Post
Sell 5 and you are set for retirement for life!
__________________
1988 M/Y Camargue Yacht Fisher
Alaskan Sea-Duction
MMSI: 338131469
Blog: http://alaskanseaduction.blogspot.com/
Alaskan Sea-Duction is offline   Reply With Quote
Old 08-17-2015, 01:28 PM   #10
Guru
 
MYTraveler's Avatar
 
City: West Coast
Country: USA
Join Date: Apr 2014
Posts: 850
Just to be clear, only the Avalon moorings are "transferable", those in two harbors (or any of the island's dozen or so other mooring areas) are annual leaseholds that are available only by putting your name on a waiting list (waiting for an existing leasee not to renew) and waiting about 10 years. The annual fee for a 69 foot mooring is about $3,500.

The price range is almost entirely a function of size. I suspect that hte $79K mooring is for the smallest size mooring (30', I believe).

The Avalon moorings seem to be down in value. I am aware of one that sold about 10 years ago for over $4M.


There are a very few non-transferable moorings available in Avalon, but the wait is decades. I remember in 1978, when I had a chance to put my name on a wait list (and to pay $5 - $10 per year to keep it there), I was about 20 years old and foolishly decided against putting my name on the list.
MYTraveler is offline   Reply With Quote
Old 08-17-2015, 01:36 PM   #11
Guru
 
Alaskan Sea-Duction's Avatar
 
City: Inside Passage Summer/Columbia River Winter
Country: USA
Vessel Name: Alaskan Sea-Duction
Vessel Model: 1988 M/Y Camargue YachtFisher
Join Date: Jul 2012
Posts: 3,147
I can only imagine what the prices are in Florida town. I feel very lucky to own my own mooring/dock. Still for me, I paid way too much for a dock that was falling apart and put a considerable $$ to bring her where she is today.
__________________
1988 M/Y Camargue Yacht Fisher
Alaskan Sea-Duction
MMSI: 338131469
Blog: http://alaskanseaduction.blogspot.com/
Alaskan Sea-Duction is offline   Reply With Quote
Old 08-17-2015, 05:42 PM   #12
Guru
 
ancora's Avatar
 
Join Date: Dec 2007
Posts: 3,489
Forty-four years ago we anchored off Avalon in a 19 foot cuddy cabin power boat. Towards evening the Harbor cops came by and ordered everyone ashore as a Santa Ana storm was comin' in. We went ashore along with all the other boaters and waited it out. The storm came and went with no loss of life but there was some boat damage (not ours.) Perhaps they could have used that strategy last year and saved the life of the harbor cop? No boat is worth a life.
ancora is offline   Reply With Quote
Old 08-17-2015, 06:07 PM   #13
Senior Member
 
mahal's Avatar
 
Join Date: May 2010
Posts: 436
Quote:
Originally Posted by MYTraveler View Post
The price range is almost entirely a function of size. I suspect that hte $79K mooring is for the smallest size mooring (30', I believe).

.
Yup. Plus that ball is probably in Descanso or Hamilton where the rocking can get violent.
mahal is offline   Reply With Quote
Old 08-17-2015, 06:15 PM   #14
TF Site Team
 
ksanders's Avatar
 
City: SEWARD ALASKA
Country: USA
Vessel Name: LISAS WAY
Vessel Model: BAYLINER 4788
Join Date: Feb 2011
Posts: 3,954
Quote:
Originally Posted by Alaskan Sea-Duction View Post
And I thought $180 K for the slips at the private marina in Whittier was WAAAAY out there. Imagine they are quite a bit more now...
They are running about 150k for a 50' slip right now.

A few for sale though
ksanders is online now   Reply With Quote
Old 08-20-2015, 06:55 PM   #15
Guru
 
Alaskan Sea-Duction's Avatar
 
City: Inside Passage Summer/Columbia River Winter
Country: USA
Vessel Name: Alaskan Sea-Duction
Vessel Model: 1988 M/Y Camargue YachtFisher
Join Date: Jul 2012
Posts: 3,147
Quote:
Originally Posted by ksanders View Post
They are running about 150k for a 50' slip right now.

A few for sale though
Wow cheap when compared to other places like Florida and the east coast...
__________________

__________________
1988 M/Y Camargue Yacht Fisher
Alaskan Sea-Duction
MMSI: 338131469
Blog: http://alaskanseaduction.blogspot.com/
Alaskan Sea-Duction is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





All times are GMT -5. The time now is 11:36 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012