Nicholas Politi
Boat slips have become one of the most sought-after commodities in the Lake Placid community. Since the pandemic, demand has surged, making it increasingly difficult for property owners and boating enthusiasts to secure these valuable spots.
Lake Placid features numerous camps, with approximately 98 accessible only by boat. Factoring in multiple ownerships and private lake access terminals, an estimated 86 property owners rely on leased slips for lake access. Meanwhile, the two primary marinas—Paradox Bay Marina and Lake Placid Marina—offer roughly 70 and 120 slips, respectively, for a total of about 195 slips. After accounting for boat-access-only properties, this leaves approximately 109 slips available, underscoring the competitive nature of securing a spot.
Historically, marina owners have accommodated lake residents with long-term rental opportunities, providing a sense of stability. However, with the upcoming acquisition of Paradox Bay Marina, a new founding members program is being introduced to ensure long-term accessibility for lakefront property owners. This shift is expected to drive even greater demand and put a premium on rental slip pricing, making guaranteed lake access more important than ever—especially for non-road-access properties.
As the conversation around boat slip availability gains momentum, more questions will undoubtedly arise. While pricing will ultimately shape market demand, one thing is clear: securing a boat slip on Lake Placid has become a crucial factor for property owners and boating enthusiasts alike. Beyond convenience, guaranteed lake access enhances property values and preserves the coveted waterfront lifestyle.
For those navigating the evolving Lake Placid boat slip market, understanding your options is key. Whether you’re looking to secure long-term lake access, explore the benefits of the Founding Members Program or assess how lake access impacts your property’s value, I’m happy to help. Feel free to reach out with any questions or for a property evaluation if you’re considering buying or selling—I’m here to provide insights and guidance tailored to your needs.
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