For yacht owners considering Faena House, the essential distinction is between an oceanfront residence and a documented right to dock. Understand what to confirm about marina charges, vessel acceptance, berth agreements, and transferability before closing.
For a yacht owner, the appeal of Faena House Miami Beach is clear: an oceanfront condominium at 3315 Collins Avenue in Mid-Beach, designed by Foster + Partners and completed in 2015. The more consequential question is contractual: what, precisely, would the purchase allow you to do with your yacht?
Early plans for “Faena Marina on Indian Creek” envisioned dockage for residents and hotel guests. That vision does not establish present-day operations, availability, marina dues, or a membership program. Nor does it establish that a particular residence includes a deeded slip, guaranteed berth, or transferable membership.
Treat the residence and its proposed boating arrangement as separate decisions until the documents connect them. This does not mean that no rights exist. It means that any right carrying value in the purchase should be identified, documented, and confirmed for the buyer and vessel concerned.
Before discussing price, ask the seller to define the arrangement being represented. Deeded ownership, a berth lease or license, and membership-based access are distinct structures to investigate, not confirmed Faena offerings.
If a deeded interest is represented, have counsel identify the property interest, its title documentation, and any restrictions on use or conveyance. For a lease or license, examine the duration, termination provisions, renewal language, and whether it promises a specific berth or only access subject to availability.
If membership is proposed, establish what it provides. The question is not simply whether an owner can join, but whether joining secures dockage for the intended vessel during the intended season. Ask whether reservations, waiting lists, or separate dockage agreements apply.
For correct representations, consult the brochure and documents required by Florida Statutes section 718.503. Have counsel review the applicable purchase documents alongside any separate marina agreement; amenity language is no substitute for enforceable terms.
The phrase “marina dues” is too imprecise for underwriting. Request a current written fee schedule from the actual operator. Establish whether boating charges are included in condominium dues, billed separately, or payable under another agreement. Do not assume one invoice covers both residence and yacht.
The schedule should clarify whether there are initiation charges, recurring membership dues, berth rent, deposits, utility charges, insurance requirements, or other vessel-related costs. These are questions to resolve, not a statement that Faena imposes those charges. Ask who can change the fees, when changes take effect, and whether any amounts are refundable.
For context only, Miami dockage benchmarks include approximately $6 per foot per day for transient stays, $78 per foot per month for monthly arrangements, and $34 per foot per month under annual arrangements. These are not Faena prices, current operator-issued tariffs, or guaranteed offers. The annual-arrangement figure is a monthly rate tied to that longer commitment, not a yearly total.
Use these figures to understand how contract duration can affect a preliminary budget. Before relying on any number, obtain a vessel-specific written quote stating the billing length, agreement term, included services, additional charges, and offer validity.
A residential purchase is not a vessel acceptance decision. Identify the marina operator, confirm whether it is operating and accepting applications, and submit the yacht's specifications before treating dockage as settled.
Ask for written acceptance addressing length overall, beam, draft, and any operating restrictions. Have the captain assess the proposed berth and access route, including relevant clearances, depth, maneuvering space, and shore-power requirements. An appealing marina reference does not resolve those practical questions.
Storm obligations deserve equal attention. Request the written policy on relocation, evacuation, notice periods, responsibility for securing the yacht, and any costs or insurance conditions. Confirm who must act if the owner is away and whether the captain's access remains available when needed.
For buyers also considering Setai Residences Miami Beach, keep residential preferences separate from boating logistics. A comparison is more useful when each home's appeal is evaluated alongside an independently confirmed dockage plan, without assuming either purchase conveys marina privileges.
Even a documented arrangement enjoyed by a seller should not be assumed to continue for a purchaser. Establish who holds the right, whether it is attached to the residence or held separately, and which party must approve an assignment. If membership is involved, ask whether it can transfer at all or whether the buyer must apply anew.
Request the provisions governing transfer charges, outstanding balances, approval deadlines, and any conditions that could interrupt access at closing. Distinguish the remainder of an existing term from a renewal right. An assignment that lasts only until an agreement expires is not a continuing entitlement.
Consider future ownership changes as well. Ask counsel whether transfers into a trust or entity, changes in entity ownership, or a later sale require consent under the actual agreement. If marina access materially influences the offer, discuss how to document the required approvals and address a failure to obtain them before closing.
A separate marina arrangement can provide another path to ownership, but it should be assessed on its own terms. Regional options to investigate include Miami Beach Marina, Venetian Marina & Yacht Club, Bayshore Landing, and Miamarina at Bayside. None should be treated as an amenity conveyed with a Faena House residence.
Miami Beach Marina in South Beach has a stated capacity for yachts up to 250 feet. That capacity does not establish an available berth or acceptance of a particular yacht. Confirm both directly, along with fees, access, and contract terms.
If the residential search extends to Apogee South Beach, compare the actual residence-to-berth journey rather than assuming proximity delivers convenience. Check the route in person and evaluate the captain's operating requirements separately from the owner's preferred neighborhood.
Before closing, assemble the proposed boating arrangement into one review package: the operator's identity, evidence of the right offered, vessel acceptance, fee schedule, agreement term, renewal provisions, transfer approvals, and storm policy. Have the appropriate legal and marine advisers resolve any inconsistencies.
If dockage remains unconfirmed, evaluate the residence without assigning value to an assumed berth. The strongest purchase decision preserves the distinction between an exceptional oceanfront home and dependable access to the water.
For a discreet conversation about aligning your South Florida residence search with your boating priorities, connect with MILLION.
If branded residences are on your mind — as a home or as an allocation — we would be glad to share what we are seeing, privately.
Begin a quiet conversationFaena House is an oceanfront condominium at 3315 Collins Avenue in Mid-Beach, Miami Beach. It was designed by Foster + Partners and completed in 2015.
The development-era marina references do not establish that a residence includes a deeded slip or guaranteed berth. Any represented right should be confirmed in the applicable purchase and marina documents.
Development-era references do not confirm current operations or availability. Identify the actual operator and obtain current written confirmation before relying on marina access.
Current Faena Marina dues are not established by the development materials. Request an operator-issued fee schedule and a vessel-specific written quote.
Do not assume condominium dues include boating costs. Obtain written confirmation of which charges, if any, are included and which require a separate agreement or payment.
A deeded slip involves a property interest, while a berth lease or license provides use under contractual terms. Membership access depends on its governing agreement and should not be assumed to guarantee dockage.
Illustrative benchmarks are approximately $6 per foot per day for transient stays, $78 per foot per month for monthly arrangements, and $34 per foot per month under annual arrangements. These are not Faena quotes or guaranteed current rates.
Transferability must be established by the actual agreement and any required approvals. Confirm whether assignment is allowed, what charges apply, and whether the buyer must submit a new application.
Obtain written acceptance for the yacht's dimensions and review berth suitability, access, power requirements, and operating restrictions with the captain. Confirm storm relocation and securing obligations as well.
Options include Miami Beach Marina, Venetian Marina & Yacht Club, Bayshore Landing, and Miamarina at Bayside. These are independent alternatives to investigate, not established amenities conveyed with a Faena House purchase.
