Ponce Inlet, FL – December 2, 2024– David Kendall, Managing Director and national marina specialist with SVN | Nautilus, in collaboration with Carl Lentz, Managing Director of SVN | Alliance in Ormond Beach, is pleased to announce the successful $21,960,000 sale of Down the Hatch Seafood Restaurant and Sea Love Marina. The buyer, Cay Marine, a boutique family-owned business, also operates Cay Marine in Sebastian, FL. This transaction highlights the exceptional value of the 15.87-acre waterfront property at 4877 Front Street in Ponce Inlet, Florida, featuring a celebrated waterfront restaurant, a full-service marina, and a marine service center. Cay Marine is dedicated to maintaining the property’s distinctive charm and rich history while actively supporting the local community, ensuring its legacy remains a treasured cornerstone of Ponce Inlet’s waterfront culture.
This expansive riverfront property features 1,300 linear feet of prime waterfront along the Halifax River, anchored by the iconic Down the Hatch Restaurant. A cherished waterfront dining destination since 1975, the restaurant is renowned for its stunning sunset views and exceptional atmosphere. It features 8,532 square feet of indoor dining space and a 4,000-square-foot open-air patio, offering an unparalleled waterfront dining experience.
The property also features Sea Love Boat Works and Marina, a full-service marine center offering 1,380 feet of deepwater dockage, conveniently located just inside the renowned Ponce Inlet. The facility is equipped with a state-of-the-art 75-ton marine travelift with a 23-foot beam capacity and provides on-site fuel sales. With the largest lift capacity in Volusia County, Sea Love Boat Works is fully equipped to handle a comprehensive range of marine services.
“We are delighted to have had the opportunity to represent both the buyer and seller in the successful sale of this iconic waterfront property,” said Kendall. “Down the Hatch and Sea Love Boat Works perfectly combine exceptional waterfront dining with premier marine recreational amenities, set against the backdrop of one of Florida’s most pristine coastal locations. This transaction marks a rare opportunity to acquire a highly esteemed property along Florida’s East Coast.”
About SVN Marinas: SVN Marinas is a specialized advisory practice within the global SVN® network, dedicated to marina, marine property, and marine business transactions. As a leading team in the industry, SVN Marinas leverages a network of over 2,000 SVN® advisors and 200+ offices, extending its reach to a vast universe of buyers and investors. With nearly two-thirds of all commercial real estate transactions involving buyers from outside state lines, this expansive network often defines the difference between a highly successful transaction and a suboptimal outcome. The SVN® brand is globally recognized as a leader in commercial real estate, distinguished by its commitment to creating value for clients, colleagues, and communities alike—a commitment known as the SVN Difference. All SVN® are independently owned and operated. Visit: www.svnmarinas.com
Contacts:
David Kendall, CCIM
Managing Director
SVN | Nautilus
561-723-8463
Carl Lentz, MBA, CCIM
Managing Director
SVN | Alliance
386-566-3726