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This is a rare opportunity to acquire a boutique marina asset in Gulfport, Florida. Pelican Bay Marina is located within the highly desirable Skimmer Point community, in the Pasadena Yacht & Country Club neighborhood. Positioned on a quiet intracoastal canal just off Boca Ciega Bay, the property encompasses over two total acres, including approximately one acre of upland, offering both operational functionality and long-term value potential. The marina features 20 boat slips, each equipped with a lift ranging from 13, 000 to 24, 000 pounds, accommodating a wide range of vessels and supporting consistent tenant demand. The property includes approximately 387 linear feet of seawall, with public electric and water utilities in place. The site is secured with private 24/7 gated access and an existing surveillance camera system. Currently operating with leases in place, the asset offers immediate income with clear opportunity to increase rents. Occupancy has historically been driven primarily through word-of-mouth, with no formal advertising, presenting a straightforward path to enhance visibility and improve revenue performance. Pelican Bay Marina also offers ease of ownership and management, as operations are limited to slip rentals only, with no additional amenities. Operating expenses are minimal and primarily limited to property taxes, insurance, maintenance, water, and electric. The marina benefits from a strong built-in customer base due to its cul-de-sac location, adjacency to popular pickleball courts, and proximity to affluent waterfront residences—supporting strong year-round occupancy. This offering is well suited for: Investors seeking stable marine-based cash flow, lifestyle buyers looking to secure private boat storage while generating passive income or long-term holders looking to capitalize on the scarcity of well-located marina properties in the Tampa Bay market. A significant upside may exist through the addition of floating wet slips and floating jet ski ports, as the property includes excess submerged land that may support expansion, subject to required entitlements. Additional recreational expansion may also be possible with applicable city/county/HOA approvals. Pelican Bay Marina is conveniently located just minutes from historic downtown Gulfport and the waterfront, with easy access to grocery stores, restaurants, shopping, lodging, and dining.
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$3,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $2,720,000 | $2,720,000 | $2,720,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.259% | 6.183% |
| Monthly Tax Payment | $1,020 | $1,020 | $1,020 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,308 | $16,527 | $22,953 |
| Total Monthly Payment | $17,453 | $17,672 | $24,098 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.