Sheldon Good & Company to Auction 140 Premium Condominium Boat Slips in Bulk Located in Naples, Florida

Slips Will Be Sold Subject to Low Minimum Bid Price

NEW YORK--()--Sheldon Good & Company, a Racebrook Portfolio Company and America’s leading real estate auctioneer, will conduct an auction of 140 premium condominium boat slips within the spectacular Port of the Islands Marina in Naples, Florida on Thursday April 14th, 2011. Offered together in bulk, the 140 slips, of which 52 are liveaboards, are guaranteed to sell at or above $1,960,000.

The Port of the Islands Marina is a boater’s paradise with direct access to the Gulf of Mexico, as well as the Ten Thousand Islands, the famed backwaters of the Everglades. The naturally protected marina offers world-class fishing and boating, combined with luxury amenities and set among one of the most pristine ecosystems found anywhere in the country. The state-of-the-art marina features Bellingham concrete floating boat slips, new lighting pedestals with 15, 30, 50 Amp electrical service and water service. In addition, the marina offers a new pump out station, boat washing facility, fueling station and boat launch ramp.

Fifty-two of the available slips are highly desirable due to their liveaboard certification. Slip ownership includes the use of The Islands Club amenities, featuring a heated swimming pool, two lighted tennis courts, a fitness center with sauna, steam room and showers, a billiards and card room, Angler’s Cove Restaurant and bar, conference rooms and two executive office suites. The purchase of the slips will also include fee simple title to the submerged land, rare in the state of Florida.

“There are so many unique aspects of this property,” said Richard Moravek, Managing Director of Sheldon Good and Company in the Southeast region, based in Miami. “With a minimum bid of just $1,960,000 for all 140 slips, that works out to only $14,000 per slip, making this an incredible investment opportunity. The prime location, quality construction, and luxury amenities make these slips very appealing to a wide range of buyers.”

Speaking of the extensive renovations recently completed, Christopher Shucart, a managing member of The Islands Marina, LLC said, “Our goal was to build a first-class marina in a picturesque setting whose reputation would quickly spread once people had a chance to visit. The end result far exceeded our admittedly high expectations.”

Shucart continued, “The owner of the adjacent Port of the Islands Hotel has future development plans for three residential condominium buildings on the property. With the addition of 100 new units, demand for slips within the marina only stands to increase into the future.”

Conveniently located about 20 minutes from downtown Naples, the marina is an hour from Ft. Myers, and just over an hour and a half to Miami.

In addition, a 2-acre commercially zoned site (C-4) with approximately 388 feet of frontage along Highway US 41 is also available.

The auction will take place on Thursday, April 14th at the Naples Grande Hotel, 475 Seagate Drive in Naples. Registration will begin at 11:00 a.m. Eastern Time, and the auction will begin at noon. The Bidder’s Information Packet (BIP), a requirement to bid, will be available at all on-site inspections or may be ordered and shipped by registering at or calling 800-301-9526. This packet contains pertinent information specific to the slips, auction guidelines and requirements as well as the Terms of Sale. On-site inspections are scheduled to begin March 16, 2011. Please call Steve Madura, the Project Manager, at 800-301-9526 for details.


Sheldon Good & Company is America's Real Estate Auctioneer. As the nation's leading provider of strategic momentum-building marketing and structured accelerated sales solutions, the firm has a 45-year track record of proven results, has sold billions of dollars worth of properties in every real estate asset class, and has the highest closing ratio in the industry.

Sheldon Good & Company brings a superior level of experience, expertise, and creativity in analyzing the real estate and creating the proper deal structure to maximize return, utilizing a sophisticated array of alternative sales strategies that include open-outcry auction programs, sealed bid offerings, private sale campaigns, phased auction plans and structured loan sales throughout North America and the Caribbean.

Sheldon Good & Company is a Racebrook Portfolio Company, part of a family of enterprises offering a wide range of services in the special situation and opportunistic real estate sector that include: advisory and consulting services; acquisition, investment and disposition capabilities; and workout and restructuring services. The firm's headquarters are based in New York City, with primary offices in Chicago, Miami, Denver, San Francisco and other strategic locations nationwide.

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M18 Co.
Michael Tavani, 212-604-0318

Release Summary

140 premium condominium boat slips located in Naples, Florida, will be auctioned in bulk by Sheldon Good & Company.


M18 Co.
Michael Tavani, 212-604-0318