Owning a condominium boat slip at Emery Cove is like owning a ‘condo’ in a residential development: you own and control 100% of your individual, private boat slip; you also own permanent rights to use and enjoy – along with your fellow slip owners – all the common areas including the docks, the deck areas, the parking lots, the sidewalks and landscaping, the bathroom building, etc… Ours is a marina which enjoys a generous basic design; the over-all dimensions are roomy and modern with wide berths, wide fairways and many dock amenities including dock boxes, free wireless internet, 30 to 50 amp electrical service, telephone hook-ups, etc. The trend in marina design is towards longer, wider slips and wide fairways, like ours. With an average slip length of about 41’, an excellent central Bay location, and a first class, well-funded dock and grounds maintenance program, your slip at Emery Cove should continue to hold it’s value for a long time.
One of the main benefits of owning a condominium is ease of repair and maintenance. Emery Cove’s common areas are repaired, maintained, insured and managed through a non- profit property owner’s association (Emery Cove Marina Condominium Association, Inc. or the “Association”). As a slip owner, your only obligation regarding maintenance is to pay your monthly Association dues (i.e. your pro-rata share of the actual maintenance costs which is currently $7.51 per lineal foot per month). The Association’s staff takes care of the rest. Other than Association dues, your only other cost to own your boat slip is Alameda County’s real estate taxes. Like real estate taxes on your home, boat slip taxes are based on market value and are billed directly by Alameda County. Thus, slip ownership is virtually carefree and your cost to own and use your slip is very economical since Association dues cover just the actual cost (both present and future) to keep Emery Cove insured, managed, repaired and looking good; there is no mark-up or profit paid to a marina operator.
Another major point: our condo boat slips at Emery Cove are unique in that you own fee title* to the slip, not a State land’s ground lease like other marinas. When you own property in ‘fee title’, your ownership rights never expire; they go on forever. Thus, the market value of your slip will not decline due to a fixed expiration date on a State tidelands ground lease. No other condo marina on San Francisco Bay has this valuable feature, and fee title is an important asset when you decide to dispose of your slip in the future.
Emery Cove’s property owner’s Association is financially sound. There are 430 slips at Emery Cove totaling 17,801 lineal feet, and upkeep costs are spread evenly to slip owners on a per-lineal-foot basis via monthly dues billed by the Association. As of April 2016 the Association has accumulated about $8,200,000 in cash reserves to cover current and future repairs and maintenance, and as a new slip owner you get the benefit of these funds. Ever since its completion in 1984, Emery Cove has enjoyed the reputation of being one of the best run, cleanest, safest marinas on the Bay. For over 34 years, the condo concept at Emery Cove has worked well. It works because boaters – people like yourself – have purchased a permanent fee interest in their own boat slip and, like any “homeowner”, they maintain a keen interest in the continued good health of their investment. The result is that Emery Cove Yacht Harbor is one of the best managed, best maintained, best looking marinas on the Bay.