formerly Richard L. Sands, Inc.
Skyline Moorage: The boat moorage specialists for Skyline Marina and Anacortes.
You mean you can purchase boat moorages just like any other piece of real estate? Yes, that was the innovation that Richard Sands came up with in 1969 when the first slips at Skyline Marina were condominiumized and offered for sale. Have the moorages appreciated the same way other real estate has? You bet. In 1969 the first slips in Division 17 sold for $100 per foot, that's $3,800 for a 38' slip. Recently, a 38' slip in division 17 sold for $125,000—$3,290 per foot! So purchasing a moorage rather than renting has been an astute and profitable decision over the years. The past is no predictor of the future—and economic downturns can put a lid on prices—but the scarcity of new moorage has demand always outstripping supply.
So, condominium slips are a valuable asset, but more importantly for the boater, they provide a permanent moorage for your boat. No risk of losing your spot when the lease expires or the slip is sold to a new owner who wants to use it for their own boat. And if your needs change, the slip can be sold. Because the slips in Skyline Marina are deeded fee-simple real estate, you can also keep them in the family, passing them on via inheritance or family trusts.
As an owner you also have a voice—through the condominium association—in the management of the marina.