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Date of Issue: February 09, 2006

New marina may go on market

Parrot Cove Pic
Maybe worth foto, pretty place all finished not fully occupied, we haven't had pix since completed.

Bob Gertz thought he'd be in the marina business, spending a million and a half dollars and a year and a half of stressful time on it, but now he's not sure he'll stay there.

His Parrot Cove Marina just east of Cortez on Palma Sola Bay is a brand new facility, the old marina there uprooted and a new one built piece by piece in its place.

It has room for 36 boats up to 50 feet in length, with 5 feet of water at mean low tide throughout the boat basin which opens directly on Palma Sola Bay.

It's just what Gertz envisioned when he bought the property two years ago come spring for $450,000. He has sunk an additional $1 million into the removal of the old docks and pilings and replacement with what is now a new marina.

But he's having second thoughts about staying in the slip-renting business, what with an encouraging appraisal and even more encouraging expressions of interest from some folks seeking to buy it.

The appraisal found the property worth between $2.2 and $2.5 million, Gertz said, based on market values of last summer. One interested person said he could live with that and hinted he'd put a yacht club there - there's a two-story building which Gertz had planned to refurbish as a dwelling. Another looked at it for development, with its 320 feet of waterfront. 

Those tentative explorations are "getting more and more attractive," Gertz said, though he'd just as soon keep the marina open to the public.

He hasn't heard of any interest on the part of Manatee County, which has a small park adjacent to the marina. The county's parcel has some 800 feet of waterfront. "I guess Parrot Cove could be turned into the maritime museum I keep hearing about," he said. "It's got that boat ramp on the north end, and there's plenty of water and access to open water.

"But I don't know. I'm still trying to figure out what to do with it, now that the work and the challenge are over."