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Nautico Update – St Petersburg, Florida

Since development on the Nautico condos was halted earlier this year, all efforts there have been on the marina – the slips and the High-and-dry where the owners have been trying to sell these "dockominiums".

Apparently sales are slow, because this week there were only about 40% of the high and dry spaces filled and only 2 or 3 boats in the wet slips. Word on the street is that they are leasing the slips with contracts until April. At that time, presumably depending on the sales, they will either re-lease some or all of the slips for another period or put them all back into For Sale status.

Meanwhile the south section of slips at Maximo Marina has been emptied as the owner plans to upgrade the slips, again in anticipation of selling them.

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