Fort Lauderdale, the Yachting Capital of the World is home to 50,000 registered vessels. With more than 300 miles of navigable inland waterways and proximity to the Caribbean Islands, it is not surprising that Fort Lauderdale appeals to those with a passion for nautical pursuits and their luxurious yachts. Demand for dockage in Fort Lauderdale increases year-on-year with the supply struggling to meet the demand. Consequently, marina fees are exorbitant. Annual dockage fees at one of the least expensive marinas range between $50,372 to $ 112,420 plus utilities. Based on these numbers, it is not uncommon for mega yacht owners to purchase a waterfront property when they decide to go bigger on their vessel.
For yachtsmen seeking an investment and to save on marina fees, Mega Yacht Avenue, also known as Northeast 20th Avenue, Fort Lauderdale offers unique prime dockage for vessels exceeding 100 feet in charming Victoria Park. Mega Yacht Avenue, offers a unique docking opportunity as it is one of the fewest locations in Fort Lauderdale where boats may be docked perpendicularly as opposed to parallel along the dock. This allows mega yacht owners, to dock TWO 100 foot plus vessels. Also, access to the open seas is a snap - a short 15 minute cruise with no fixed bridges.
Julie Jones-Bernard of Florida Luxurious Properties recently sold one of ten residences with waterfrontage along Mega Yacht Avenue listed at $3M. This brand new British West Indies inspired residence designed by boaters especially for boaters, offers a luxurious but functional floor plan with captain’s quarters located on the first floor and a through garage for yacht provisioning with dockage equipped with three phase electrical service. Dine al fresco on the expansive pool lanai, open balconies and roof top terraces or entertain in style indoors with the gourmet chef’s kitchen that opens to the dining room and living room with views of the water. With room to accommodate two 180’ foot yachts and five bedrooms, this residence is ideal for a family or the entertainer who often hosts out-of-town guests!
If the savings on marina fees combined with tax considerations of property ownership and the prospect of income generation from leasing the residence and/or dock subject to conditions, does not float your boat, its close proximity to downtown Fort Lauderdale is an added plus. Nestled in coveted Victoria Park, Mega Yacht Avenue boasts great access to shops, boutiques, restaurants, and local community events to keep you and your family busy. This residence truly has the best of both worlds – sea and land!
Julie Jones-Bernard, a waterfront real estate specialist with more than 15 years of experience is privileged to represent some of Fort Lauderdale’s finest luxury real estate. She currently has two other waterfront properties on Mega Yacht Avenue listed. Call Julie on +1 954 328 3665 for more information or visit FloridaLuxurious.com