$8,100 per slip. That's what Glastonbury Marina in Connecticut sold for. And $4.78 million per slip — that's Rybovich in West Palm Beach.
Same asset class. 590x spread.
Price per slip is the marina industry's version of price per square foot — the one number everyone uses to size up a deal in 30 seconds. We've analyzed 57 transactions with confirmed pricing in our deal database. Here's where they land.
Price Per Slip Ranges: The Full Spectrum
$8K–$30K/Slip: Value-Add & Distressed
Real examples from our database: Glastonbury Marina in CT sold at ~$8,100/slip after flood damage wiped out half its capacity. Sardis Lake Marina in Mississippi: ~$9,200/slip for a 200-slip freshwater marina. Harbor Lights Marina in Warwick, RI: ~$15,000/slip for 208 slips.
At this tier, you're buying permits and location, not cash flow. The upside is rate correction — many of these marinas are charging $100-150/month for slips in markets where $250+ is achievable.
$30K–$80K/Slip: Core Mid-Market
This is where most deals happen and where the platform builders are competing. ONE15 Brooklyn Marina: ~$35,000/slip for 100+ berths in New York. Prairie Creek Marina in Arkansas: ~$40,000/slip for 750+ slips — one of the largest single-asset transactions in our database. Kent Narrows Boatel in Maryland: ~$42,700/slip, acquired by Bain Capital/BlueWater in January 2026.
At this level, you're seeing fuel operations, some dry storage, and a tenant mix of annual and seasonal boaters. Cap rates run 7-9%.
$80K–$180K/Slip: Institutional Grade
Safe Harbor and Suntex territory. Boathouse Marine Center in Pompano Beach: ~$88,000/slip (Bain Capital/BlueWater). Perry Marina in Key West: ~$103,000/slip (Integra Investments). Prime Marina Miami in Coconut Grove: ~$132,000/slip (Suntex). Sunroad Marina in San Diego: ~$184,000/slip (Safe Harbor).
Waitlists are standard at this tier. These marinas are effectively toll bridges — demand permanently exceeds supply.
$400K+/Slip: Ultra-Premium & Superyacht
The numbers at the top end are staggering. Palm Beach Shores Marina: ~$463,000/slip. Faro Blanco Marina in the Keys: ~$540,000/slip. Montauk Yacht Club: ~$821,000/slip. And the outliers: Lauderdale Marine Center at ~$1.66M/slip, Rybovich Superyacht Marina at ~$4.78M/slip.
At these levels you're not buying a marina — you're buying irreplaceable waterfront real estate with a marina attached. We'd argue Rybovich at $4.78M/slip isn't even a marina comp anymore. It's a superyacht industrial campus that happens to have water.
What Drives the Spread?
A 46x range from bottom to top ($10K vs $463K) seems extreme, but it makes sense when you break down the variables:
- Geography: Coastal saltwater marinas command 3-5x freshwater equivalents
- Slip size: A 60-foot slip generating $36K/year in rent is worth far more than a 25-foot slip at $2,400/year
- Revenue mix: Fuel, dry storage, repair, and retail can double effective revenue per slip
- Scarcity: Markets where permits are impossible to get trade at replacement cost or above
- Condition: New concrete docks vs. 30-year-old wood pilings
- Tenant quality: Long waitlists with premium vessels vs. seasonal vacancies
Regional Benchmarks
Based on 57 transactions with confirmed pricing in our database:
- Florida: $40K–$540K/slip — widest range in the country. Harborage Yacht Club in Stuart at $72K vs. Faro Blanco in the Keys at $540K shows how sub-market matters more than state.
- Northeast: $35K–$821K/slip — ONE15 Brooklyn at $35K to Montauk Yacht Club at $821K. Martha's Vineyard: ~$56K/slip.
- Chesapeake: $10K–$131K/slip — Harborview in Baltimore at $10K (value-add) to Casa Rio in Edgewater at $131K (wet slips).
- Great Lakes/Inland: $8K–$41K/slip — Glastonbury at $8K to Tower Marine in Michigan at $41K.
- Pacific: $69K–$184K/slip — Marina Village in Alameda at $69K to Sunroad in San Diego at $184K.
How to Use This Data
Price per slip is a starting point, not the whole picture. Always cross-reference with the income approach (cap rate) and factor in capital expenditure needs. A marina at $40K/slip that needs $15K/slip in dock replacement is really a $55K/slip deal.
Our comparable sales tool lets you filter by state and slip count to find the most relevant comps for your specific deal. Subscribe to our newsletter to get new transactions and pricing data every Tuesday and Thursday.