It's that time of year again when every Newport, RI boat owner wonders where they're going to put their boat for the summer. One option many overlook is buying their own dockominium and securing their space forever. As the economy improves so does the size of the waiting lists for space in the marinas.
Newport Harbor has 2 different spots to buy a dockominium. One is at Lee's Wharf Marina and the other is Newport Onshore Marina. In the last five years both associations have completely renovated all the docks making for a great experience.
Many people ask the form of ownership they will get if they buy a dockominium. Dockominiums are transferred just like any other condominium in Rhode Island They are deeded, pay taxes and have association fees.
I've been selling dockominiums in Newport for many years. For more information, contact me anytime.
Matt Hadfield, Broker / Co-Owner