Couple buys Englewood's Rocky Creek Marina from 1-800-Ask-Gary founder

BUYER: Warmack Holdings LLC (principals: Andrew and Jessica Warmack), Venice
SELLER: MGM Marina LLC
PROPERTY: 1990 Placida Road and 1754 Manor Road, Englewood
PRICE: $1.15 million
PREVIOUS PRICE: $1 million, February 2009
LAW FIRM ON DEED: Lutz Bob & Telfair PA, Sarasota

PLANS, DESCRIPTION:
Andrew “Skip” and Jessica Warmack purchased the former Rocky Creek Marina from Gary Kompothecras for $1.15 million.

The property features a 6,406-square-foot commercial building with retail, service/repair and office space. The property also features 60 high-and-dry covered boat spaces, 10 uncovered out-of-the-water storage spaces and 20 boat slips.

The property has sat unused for the past six years.

The Warmacks discovered the marina property when they were house hunting in the area.

“We're planning to rehab it to bring it back to what it used to be,” says Skip Warmack. “We have already been putting in new lights and we'll start the dock repairs this week.”

Warmack says along with the marina services such as repairs, bait and storage, the new owners plan to add boat rentals and possibly a tiki bar with a limited menu and beer and wine sales. The marina is being renamed Placida Marina and the retail portion will be called Skip's Bait and Tackle.

Ken Hoskinson Jr. of Hembree and Associates handled the transaction.

The purchase entity, Warmack Holdings LLC, mortgaged the property to seller MGM Marina LLC for $1.05 million.