Record-breaking sales of South Florida Waterfront Homes and Yachts
Boat and Yacht sales are continuing to soar in 2021, there’s a severe shortage of Marina space, and also a significant shortage of Waterfront Ocean access properties with dockage. “In the United States, Florida is a hotbed for yacht and boat sales, making up 25-30% of all sales in the country. Denison Yachting notes that Florida actually had its best Q1 in over a decade.“
There’s very high demand from buyers of Single Family Waterfront Homes and insufficient inventory to meet the level of demand. Waterfront Condos and Townhomes that have dockage are selling quickly as well. Waterfront properties and Land in South Florida are selling for record-breaking prices. They have always been precious Real Estate, but they’re even more so now. Scarcity and high demand are factors that are contributing to quickly increasing property values.
Waterfront properties in South Florida are available in Palm Beach, Miami-Dade, and Broward County. The City of Fort Lauderdale has the most Ocean access Waterways of any location in North America. Fort Lauderdale is the Mega Yacht Capital of North America aka the Venice of America and has almost 200 miles of navigable Waterways. Fort Lauderdale’s annual International Boat Show is the largest on-Water Boat Show in the World. This Year’s show will be held on October 27th – 31st, 2021.
Buyers of Waterfront properties in South Florida include local Buyers, buyers who are relocating from other States, Investors, Foreign buyers, and buyers who purchase vacation Homes. Within the U.S., the State of Florida has the highest number of vacation property sales.
Recent Articles (linked below) discuss the significant increase in Boat sales, the shortage of dockage, and high demand for Waterfront properties with dockage. Noted in Dupont Registry’s Article: “In the United States, Florida is a hotbed for yacht and boat sales, making up 25-30% of all sales in the country. Denison Yachting notes that Florida actually had its best Q1 in over a decade.“
- Wall Street Journal: As Boat sales soar, private Docks become precious Real Estate
- New York Post: Rich people are buying Homes just for a place to park their Yachts
- Dupont Registry: Yacht sales see major increase in 2021-Florida is proving to be the most desirable destination for these Yachts
- CNBC: Boat sales took off during the pandemic and now dealers can’t keep up with the demand
- BOAT International: Superyacht brokerage sales up record-breaking 46%
- Forbes: The Yachting industry is on track for a post-pandemic boom in 2021
- Bisnow: Nowhere to put ’em: Boating craze pushes Marinas into hot property territory
- National Marina Manufacturer’s Association: “U.S. Boat sales reached 13-year high in 2020, recreational Boating boom to continue through 2021“
- Barron’s: “Boat and Yacht purchases rise during Covid-19“
Interested in Waterfront properties? Start your search by using the links below:
- South Florida luxury Homes
- South Florida luxury Condos
- New construction Waterfront Homes with Boat dockage
Related information: