formerly Richard L. Sands, Inc.
Skyline Moorage: The boat moorage specialists for Skyline Marina and Anacortes.
Frequently Asked Questions
Q. Are condominium moorages eligible for 1031 tax-free exchanges?
A. Yes. All of the condominium moorages at Skyline are deeded, fee-simple real estate and are eligible for 1031 treatment.
Q. Is there financing available for purchasing slips?
A. Yes. The Anacortes branches of Whidbey Island Bank and The Bank of The Pacific both handle financing for condominium moorage.
Q. What fees are associated with a slip purchase?
A. Buyer pays annual condominum association dues (prorated), annual property taxes (prorated), annual Skyline Beach Club dues, 1/2 escrow fee, and recording fee. Seller pays for title insurance and for the resale certificate (if applicable).
Q. What do the condominium dues cover?
A. Dock water, dock lights, maintenance, taxes on common areas, liability and casualty loss insurance. Electricity is not included, that is individually metered and paid by each slip owner.