So are you wondering why I'm a bit down on the prospects for this dockominium? You've already got some clues from the last section. The vacancy rate is like a big red flag at the entrance to the marina. There's plenty of room for improvement and selling rather than renting isn't it. Another key reason why.
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Resort Marina Appraisal
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Posted by John Simpson
When I ask you to picture in your mind's eye a resort marina, what do you see? Palm trees, happy hour from 6 to 8 p.m., joggers, and bikinis? I should be so creative (oops... I think I am:) From an appraiser's perspective, even if that's the way it appears, that's not the way I see.
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