Marine economy booming in South Florida

Posted on Monday, September 28th, 2015 at 5:12pm.

 

The marine market in South Florida is buoyed by an excellent economy and is today back at pre-recession levels. It's a perfect time to explore the region by yacht or sailboat, whether you own one or would rather rent for an afternoon out on the water, and we have just the neighborhoods in mind if you’d like to align your housing needs with a fabulous boating lifestyle.

Boca Raton and the surrounding area provide tremendous ports, marinas and activities fit for the entire family or a relaxing day out solo. Luxury neighborhoods along the coast cater to those who wish to engage in the marine lifestyle right from their homes. Chief among them is Royal Palm Yacht and Country Club – a development set amidst the top tiers in real estate throughout the South Florida region and boasts what are among the finest golf and yacht homes in the country.

The development has a rich history as a staple in the yachting community. The developers note the yacht basin is situated in a safe and well-protected bay with ocean access only minutes away, and provides an ideal location for the casual boater and yachtsman alike. The club has received approval and commenced work on a new Marina that includes a state of the art floating dock system, providing additional flexibility to accommodate vessels up to 130 feet. It is one of the few Palm Beach County Marinas that offers intracoastal access.


The full service Marina includes: a fuel dock providing gasoline, diesel and ice, electrical service, pump-out service at slip, WiFi throughout, security cameras, boaters’ restroom and showers, Marine products and services concierge and staff assistance with docking, luggage and groceries. Club members enjoy traditional regattas, fishing derbies and organized excursions throughout the year in a safe and well-protected bay with ocean access only minutes away, and provides an ideal location for the casual boater and yachtsman alike.

Another popular luxury yachting neighborhood in Boca Raton is the Estates of Spanish River Land. Tucked between Camino Real’s Intracoastal Waterway bridge and the beachside properties along the Atlantic Ocean, “the Estates” is one of Boca Raton’s oldest coastal neighborhoods. This prestigious enclave of grand waterfront homes stands adjacent to the Boca Inlet, with direct boating access to the Atlantic Ocean. 

From this expanse of truly stunning homes, buyers can choose a stately mansion directly on the Intracoastal or a quaint Spanish-inspired luxury home on a garden lot.Intracoastal Waterway bridge and the beachside properties along the Atlantic Ocean, “the Estates” is one of Boca Raton’s oldest coastal neighborhoods. This prestigious enclave of grand waterfront homes stands adjacent to the Boca Inlet, with direct boating access to the Atlantic Ocean.

And, about that booming marine economy..

There are many exciting developments throughout South Florida in the realm of luxury boating. 

Ft. Lauderdale, just a few miles from Boca Raton, is building its brand as the "Yachting Capital of the World" and continues to grow this niche economy every day. With more than 300 miles of inland waterways and 50,000 registered yachts, Ft. Lauderdale is home to the two largest cruise ships in the world and the planet's largest boat show. 

Business is booming and folks are flocking to South Florida to indulge in the maritime lifestyle. Last fall's International Boat Show's attendance was up 6% to 100,000 from 2005, with more than 1,000 exhibitors showcasing 1,500 boats. This year's Palm Beach International Boat Show was the largest yet, and retail spending from boats, engines, services and accessories is at an eight-year high. 

According to the National Marine Manufacturers Association, new powerboat sales nationwide climbed 7 percent from 2013's $37 billion and are expected to rise another 5 percent. 

Coming up in Florida for boating enthusiasts: The Tampa Boat Show October 2-4, 2015 at the Tampa Convention Center.

If you’re looking to own or sell your luxury home, rely on the experience of Jean-Luc Andriot and his team of professional realtors at Keller Williams. Call Jean-Luc today at 561-213-9008. He and his staff specialize in luxury properties, including luxury condominiums in Boca RatonHighland BeachDelray BeachGulfstreamOcean Ridge and more. 

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