Courtesy Davies-Davies Assocs. (2021)
Pilot Knob Marina on the east shore of Lake George in Fort Ann sold for $3 million earlier this month.
Pilot Knob Marina on Lake George, founded in the 1920s and owned since 1988 by Nick Barber and Mike Smith, sold on Oct. 15 for $3-million.
The sale includes the marina, a three-bedroom lakefront home, two additional parcels used for indoor and outdoor boat storage off Pilot Knob Road in Fort Ann, and a retail location on Route 149 in Queensbury.
Dan Davies of Davies-Davies & Associates Real Estate confirmed the sale when contacted by FoothillsBusinessDaily.com. He said the property, the marina business and some boat and snowmobile parts inventory were sold in the deal. The marina was on the market for about a month, he said. Davies said he represented both the seller and the buyer.
“It’s a unique little marina,” he said.
The buyer is John Donnelly of Plymouth, Mass. He did not respond to our request for comment.
The sale of Pilot Knob Marina is the third marina sale on Lake George this year.
In March, the estate of John Salvador sold Dunham’s Bay Boat & Beach Club for about $1.1-million, the Albany Business Review reported.
And in May, a Latham plastic surgeon paid $3-million for F.R. Smith and Sons Marina in Bolton Landing.
In 2019, George Pensel, owner of Boats by George, purchased Warner Bay Dockage on Rockhurst for $2.39-million, adding 55 dock slips. He bought the Forum on Route 9 at the south end of Lake George Village. [Here's our earlier coverage of the story; an update is coming.]
In 2018, Matt and Rebecca O’Hara bought Dunham’s Bay Boat Company for $1.8-million, and Yankee Boat’s Jon and Andrew Brodie paid $2.48-million for Gilchrist Marina. The following year, the Brodies signed a five-year lease with an option to buy Beckley’s Marina in Diamond Point.
Demand for dock space on the lake is at an all-time high, making marinas highly desirable. And we hear another Lake George marina could be changing hands in the coming weeks.