How Much Does It Cost to Buy a Boat Slip? (5 Examples)

On this page:

1. Five Examples of Boat Slip Costs
2. Different Types of Boat Slips
3. Factors Affecting Boat Slip Costs
4. Buying vs Renting a Boat Slip
5. Tips for Finding the Right Boat Slip

Five Examples of Boat Slip Costs

In this section, we will explore the cost of boat slips in five different locations across the United States. Each location varies in price and amenities, so it is essential to consider your specific needs and budget when making a decision. These are just estimates, and actual costs will vary by marina, slip size, amenities, and other factors.

Boating Destination	Estimated Costs of Boat Slip	20 to 30-Foot Slip	50-Foot Slip
Marina Del Rey, California	$15 to $30 per foot per month	$400 per month	$1,500 per month
Miami, Florida	$20 to $35 per foot per month	$750 per month	$1,750 per month
Chicago, Illinois	$15 and $50 per foot per month	$300 to $1,000 per month	$750 to $2,500 per month
Seattle, Washington	$10 and $30 per foot per month	$200 to $600 per month	$500 to $1,500 per month
Houston, Texas	$9 to $20 per foot per month	$180 and $400 per month	$450 and $1,000 per month

Marina Del Rey, California, offers over 4,600 boat slips

Marina Del Rey is a popular boating destination due to its fantastic climate and access to the Pacific Ocean. Boat slip costs in this area can range from $15 to $30 per foot per month, depending on the size of the slip and the marina's amenities. A smaller slip, such as 20 feet, might cost $400 per month, while a larger slip of 50 feet could cost as much as $1,500 per month.

This is one of the largest man-made marinas in the world and offers over 4,600 boat slips. The marina has a variety of amenities, including fuel docks, pump-out stations, repair facilities, and restaurants. The cost of a boat slip varies depending on the size of the boat and its location within the marina.

Miami, Florida, is home to Miami Beach Marina

Miami is another hotspot for boating, with its warm weather and coastal access. Boat slip prices can vary from $20 to $35 per foot per month. For example, a 30-foot slip might cost around $750 per month, while a 50-foot slip could cost upwards of $1,750 per month.

Miami is home to several marinas, including the popular Miami Beach Marina and the Dinner Key Marina. The cost of a boat slip in Miami can vary widely depending on the location and amenities offered. For example, a slip at the Miami Beach Marina can cost anywhere from $1,500 to $3,500 per month.

Chicago, Illinois, has several boat slip facilities

Along the shores of Lake Michigan, Chicago offers a unique boating experience. In this location, boat slip costs can range between $15 and $50 per foot per month, depending on the marina and amenities. A smaller slip of 20 feet could range from $300 to $1,000 per month, while a larger slip of 50 feet might cost anywhere from $750 to $2,500 per month.

Chicago has several marinas, including the Burnham Harbor Marina and the DuSable Harbor Marina. The cost of a boat slip in Chicago can range from $2,000 to $5,000 per season, depending on the size of the boat and the location within the marina.

Seattle, Washington, is home to several marinas

With its proximity to the Puget Sound, Seattle has plenty of opportunities for boating enthusiasts. Boat slip prices in Seattle typically fall between $10 and $30 per foot per month. A 20-foot slip could cost anywhere from $200 to $600 per month, while a 50-foot slip might range from $500 to $1,500 per month.

Seattle is home to several marinas, including the Shilshole Bay Marina and the Elliott Bay Marina. The cost of a boat slip in Seattle can range from $500 to $1,500 per month, depending on the size of the boat and the location within the marina.

Houston, Texas, has a booming boating community

Located along the Gulf of Mexico, Houston has a booming boating community. Boat slip costs in this area typically range from $9 to $20 per foot per month. For a smaller slip, such as 20 feet, you could expect to pay between $180 and $400 per month. Meanwhile, a larger slip of 50 feet can cost between $450 and $1,000 per month.

Houston has several marinas, including the Watergate Yachting Center and the South Shore Harbour Marina. The cost of a boat slip in Houston can range from $500 to $1,500 per month, depending on the size of the boat and the location within the marina.

Different Types of Boat Slips

Boat slips come in various shapes and sizes, designed to accommodate the diverse needs of boat owners. Whether you own a small fishing boat or a large yacht, here are a few types of boat slips that you might come across at marinas and yacht clubs.

Fixed docks: A fixed dock is a common type of boat slip, featuring a wooden or concrete structure that remains in place all year. These slips provide stability and easy access to your boat. However, keep in mind that water levels may change, affecting the accessibility of your boat.

Floating docks: As the name suggests, floating docks rise and fall with the water levels, making them more versatile than fixed docks. These docks are typically made of wood or metal and are attached to the shore using heavy-duty cables or hinges. Floating docks offer better accessibility in fluctuating water conditions but may require more maintenance over time.

Yacht slips: If you're the owner of a luxury yacht, consider a yacht slip with added amenities and space. Yacht slips often provide more extensive services, such as electricity, water, and sewage pump-out facilities. These slips typically come with higher rental or purchase prices, but the extra conveniences make them more attractive for yacht owners.

Double slips: For boat owners with more than one vessel or simply looking for extra space, double slips offer an ideal solution. These slips provide space for two boats or extra room for larger vessels. Double slips can provide an excellent combination of versatility and convenience, although they may also come at an increased cost.

Covered slips: For added protection from the elements, consider investing in a covered slip. These boat slips feature roofs that shield your boat from harmful UV rays, rain, and other weather elements. Choosing a covered slip can help prevent weather-related damage, maintaining the value and appearance of your boat.

Factors Affecting Boat Slip Costs

Location of a boat slip

Just like real estate, the value of boat slips can vary significantly depending on the area. For instance, boat slips in popular or high-demand marinas will be more expensive than those found in less crowded regions. Keep this in mind while searching for the perfect boat slip to meet your needs.

Size and type of your boat

Generally speaking, larger boats require more substantial slips, which in turn, leads to higher costs. For example, slips can range in size from 10 feet by 20 feet to 100 feet or more, with larger slips usually having higher prices. Make sure the selected slip can accommodate your boat's dimensions to avoid any issues in the future.

Amenities and services offered by a marina or boat slip facility

Some marinas offer additional services, such as access to water, electricity, and sanitation, at an extra charge. In contrast, others include these services in the overall boat slip cost. Be sure to consider what services you require and how they are priced when comparing various boat slips.

Buying vs Renting a Boat Slip

When considering whether to buy or rent a boat slip, it's important to think about your long-term plans, budget, and the region you'll be in. Renting might be a suitable option if you're not sure about your permanence in a specific location or you're on a tighter budget. On the other hand, buying a boat slip can be a significant investment but may offer more stability and potential appreciation in value.

In some parts of the United States, boat slips are reasonably priced or even underpriced, making them more affordable to purchase. However, there are areas where the demand is extremely high, and buying a boat slip can be a substantial expenditure. You can find the average price for renting a boat slip here, which might help you compare the costs between buying and renting.

When renting a boat slip, you should be aware of the associated fees and expenses. For example, a 25' slip can cost around $3,729 per year ($311 per month), or about $149 per foot per year ($12.44 per foot per month). This cost can vary depending on factors like the marina's location, available amenities, and the boat's size.

Before deciding on either option, consider these factors:

• Budget: Analyze your budget and remember that boat slip costs may fluctuate depending on the region and the marina's availability.
• Long-term plans: If you plan to stay in one area for an extended period, buying a boat slip might be more convenient and potentially save you money in the long run.
• Frequency of use: If you don't use your boat often, renting might be a more cost-effective solution as you can rent slips on-demand when you need them.
• Marina facilities: Research marina facilities and prioritize security, cleanliness, and accessibility to ensure a pleasant and safe boating experience.

Tips for Finding the Right Boat Slip

• First, determine the size of your boat and make sure the slip you're considering can accommodate it. Boat slips can range from 10 feet by 20 feet to 100 feet or more, and the costs vary between $100 and $2,000 per month. Keep in mind that larger slips will have higher prices, so make sure to take your budget into account.

• Next, location is important. You'll want a slip situated near the places you plan to visit by boat, and in an area that's easy to access by car. Additionally, consider the safety and security of the marina, as you want your boat to be protected when you're not using it.

• It's also crucial to research the amenities offered by the marina. Will there be water and electricity available at your slip? Is there a fuel dock nearby? Are there restrooms, showers, laundry facilities, or a convenience store on-site? These features can significantly impact your boating experience, so make sure the marina meets your needs.

• You can find boat slip rentals at marinas, but renting a slip is not your only option. You can also look into purchasing a slip if you plan to keep your boat for the long term. When considering buying a slip, ask about fees and any additional costs that may apply. It's vital to understand the full scope of expenses before committing to a sale.

• Lastly, don't forget to visit the marina before making a decision. This allows you to assess the overall vibe of the location and meet some of the staff and fellow boaters. This way, you can ensure your experience at the marina will be pleasant.