The buyer, Flying Bridge Real Estate LLC, acquired the property in an off-market deal from Monument Marine Group, which had purchased it just a year earlier.
There’s growing investment interest along New England’s coastline, and marinas are at the center of it. One recent example is Harbor Lights, a 70-acre waterfront property in Warwick Neck, Rhode Island, which sold for $9.92 million.
The buyer, Flying Bridge Real Estate LLC, acquired the property in an off-market deal from Monument Marine Group, which had purchased it just a year earlier.
Harbor Lights isn’t an average marina. It sits on Warwick Cove with direct access to Narragansett Bay and boasts 208 wet slips, a nine-hole golf course, infinity pool, clubhouse, and a thriving events business that hosts more than 200 events annually.
According to Colliers, which represented the seller, it’s one of the most amenity-rich marinas in all of New England.
Why are investors showing increased interest in marinas?
Because they now represent more than just docking spaces. Many marinas today offer a mix of revenue streams, including slip rentals, event hosting, dining, and leisure activities. With limited coastal land available, properties like Harbor Lights combine elements of real estate, tourism, and recreation, making them appealing long-term investments.
According to Andrew Cantor of Colliers, Monument’s decision to sell was part of a refined growth strategy, while the acquisition allows the buyer to expand its event and marina portfolio.
At the same time, some local boaters have raised concerns. As more independent marinas are acquired by larger companies, there’s growing discussion about potential price increases and changes to the traditional community atmosphere.
The Harbor Lights sale reflects a continuing trend in Rhode Island’s waterfront market, where marinas are increasingly viewed as versatile assets with both lifestyle and business potential.
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