Market Intelligence

Yacht sales driving south Florida real estate values

IBI , by Craig Ritchie2020-12-21T16:28:00

Miami Yacht House 3

High net-worth clients snapping waterfront property simply to have somewhere to park their new yacht

The Covid-19 pandemic has not only driven sales of all types of boats in North America, it has also had a profound impact on the real estate market. That’s particularly true in South Florida, where well-heeled buyers are said to be snapping up waterfront properties with deep water frontage simply in order to secure a location to berth their new yacht.

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