Frequently Asked Questions

 

What is the Price and What are the Slip Fees?

The price is $499,000.  The slip fee $3,000/mo. You must be approved by the harbor masters to use this boat in the harbor. Official liveaboard status may be available for an additional $500/mo.

Credit is available from Customfin.com and maritimecapitalgroup.com

For more information about this see Details and Price.

Is there a Finder's Fee?

Yes, we are offering a finder's fee of 1% of the gross purchase price. 

Is Owatonna a Houseboat? Can I Get a Houseboat Loan to Buy Her?

No, Owatonna is categorized as a boat. You would have to obtain a loan from a marine lender, such as Customfin.com, or a private source.

Does She Run?

She runs great but is not currently being used for navigation. Owatonna has not been driven much since the Cooper Bessemer engine was rebuilt in the 1990s; consequently, the engine looks and runs almost like new. When we opened the engine most recently, it was immaculate and well oiled.

If you want to keep her in this slip and run her from this slip, the harbor masters require a professional or experienced captain to take her out and bring her in. 

Many people love the old technology and the historic feel of the engine room, but some people who buy tugs like this replace the engine and its ancillary equipment with a modern, much smaller, more powerful engine, making it operable by more pilots and crews, and freeing up a lot of room in the engine room for other uses. 

Can I Drive Owatonna Myself?

Not unless you are an experienced tug pilot, by order of the harbor masters. No special license is required, though.

Can I Run an Airbnb or Other Retail Business from Owatonna?

Sure, but not from Sausalito Yacht Harbor. The harbor masters forbid retail businesses of any kind, including Airbnb or similar arrangements.

Of course, if you’re buying Owatonna for use elsewhere, there are many possibilities.

However, if you plan to have business meetings on the tug, prepare to blow the minds of your colleagues. Owatonna is a great place for challenging the assumptions of anyone about how things have to be, and makes for creativity, new ideas, and immediately puts most people in a much more relaxed, open frame of mind.

For more information about this, see Details and Price