Port Vandemere - "A Waterfront Marina Community"

Port Vandemere, located on the Inner Banks ofIndustry magazines place the current shortage of
North Carolina has recently received its long awaitedboat storage spaces in the United States at over
major marina permit that was four years in the500,000..... Increasing at the rate of more than
making. The 47 slip marina is a deep water, deeded100,000 a year. These same magazines estimate a
boat slip marina.near-term shortage of one million spaces and predict
Port Vandemere is a charming waterfront communityan average rental of $20,000.00 annually.
with 47 building lots as well as 47 boat slips, which willPrivate marinas and what little waterfront property
be a floating docking system. Floating dock systemavailable for permits is being seized by large
marinas are the most sought after boat slips heredevelopment corporations for condominium and hotel
along the inner banks of eastern North Carolina. Theprojects - eliminating or greatly reducing the dockage
marina will also have a boat ramp for propertyavailable for recreational boaters.
owners to use which will be located at the marina.Transient and Long Term Slip rates are skyrocketing,
Unobstructed deep water, with easy access to themarinas and docks are disappearing. Dockage along
Pamlico Sound, the Outer Banks, the Neuse River andthe south eastern states are becoming so difficult to
the Intracoastal Waterway. The Outer Banks is onlyacquire that one may even have trouble selling a
25 nautical miles from Port Vandemere Yacht Clubboat unless a wet slip is part of the deal.
and blue water boating is an easy access to theStringent Federal, State, Local government and
Atlantic Ocean.environmental restrictions have almost completely
Most people that are close to or considering theirceased the creation of new marinas and made it
future retirement options are thinking about the bigalmost impossible for new and even grandfathered
picture, but in a smaller way, instead of building big,marinas to expand or even dredge in many locations.
they are building comfortable and more affordable.Public trust waters (natural coastline) are controlled
Port Vandemere Yacht Club will have a tremendousby the most stringent rules and the toughest
advantage to cruiser's traveling north and south as toregulations are finding that the days of easy
it's location being the half way point resting just offpermitting are far gone and hardest permits to
of the Intracoastal Waterway. Another importantobtain.
factor is that major marina permitting for newInvestors, insightful Boaters, developers and
marinas in the Carolina's are becoming extremely hardwaterfront property owners are quickly realizing that
to acquire due to new regulations and the guidelinesdemand is out pacing the supply at an alarming rate
of CAMA.and they are quickly capturing the remaining
Protected deeded boat slips in eastern North Carolinaopportunities as quickly as they become available.
are becoming scarce and Port Vandemere is a veryThis "land grab" is also accelerating the deficit in
protected, deeded, boat slip community with ouravailable rental space and putting upward pressure on
new marina already under construction.the market.
The quantity of available deeded boat slips continuesThese are only a few of the factors that have
to plummet worldwide while the number of new boatcontributed to what is going to be a continued
owners continues to increase by an average ofshortage of dock space in the USA and Caribbean.
6-10% annually.More often than not, opportunities to purchase
This problem is projected to continue and worsen indocks, dry racks and marina property in
staggering proportions throughout the U.S. and thepre-development phases are either closely guarded
Caribbean.deals reserved for friends, family and close
This is GOOD NEWS for investors, insightful boatassociates or they are unadvertised and gone within
owners and slip owners interested in selling their slips!a very short time.