1978 Cheoy Lee, 46' Long Range Trawler with Deeded Docks, Workshop, & Guesthouse

$1,759,000 for everything!

Location: Welaka, Florida

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These are low time, well-taken care of diesels. They are 120 HP each and are running at 1300 RPM moving the vessel at 6.5 knots.

Strong solid efficient power, only burning 3 gallons per hour combined. Easy to maintain and easy to get parts for.

Yacht Photos

About the Yacht

Beautiful Vintage 46’ Cheoy Lee Trawler

SHANGRI LA has the distinction of being the smallest double-deck production yacht ever built. One can live the dream on this vintage beauty. She is well configured for weekend cruising and long passage-making voyages.

She has traveled all of the east coastal waters, the Erie Canal, circumnavigated the Great Lakes, and the inland waterways of the Mississippi/Ohio rivers to Southwest Florida and the Florida Keys.

Accommodations are comfortable and efficient. The chef's galley highlighted many a memorable voyage. Deck space is optimized for flexibility, supporting offshore excursions, kayaking and wilderness exploration, and operations that demand space for gear and personnel.

Shangri La has voyaged in freshwater and kept in indoor heated off-season storage for most of her lifespan.

Accessories and equipment includes AC, Starlink, new settee, new canvas aft deck enclosure with AC, exotic wood finishes, new victron inverter and batteries, and diesel generator for reliable power at anchor or underway. Reliable twin 120 Ford Lehman marine diesels yield a cruising speed of 7.5 - 8.0 knots at just over 4 gallons per hour at 1750 RPM, giving "Shangri La" a cruising range of over 1,500 nautical miles.

The engines have approximately 3,500 hours. She is constructed on a solid fiberglass displacement hull with a keel deep enough to protect the running gear in the event of a grounding. The hull is a solid, hand laid-up GRP molding, and sandwich construction is used for the decks and superstructure. All scantlings excel Lloyd’s requirements.

Shangri La was commissioned in 1978 and cruised only during the summer months with the original owner in Maine. In 1998 she was purchased in Camden, Maine and sailed to Bay City, Michigan where she was berthed for 10 years. In 2008 she was moved to Traverse City, Michigan. She circumnavigated all of the Great Lakes with many summers in Georgian Bay and the North Channel. During her 26 years in Michigan freshwaters, she wintered in heated and covered storage, allowing her to receive annual maintenance and cosmetic work, deck work and substantial upgrades.

In 2018 she journeyed south via the western part of the Great Loop, arriving in southwest Florida in 2019. She cruised southwest Florida and the Keys in the last few winters. In the last 5 years in Florida, she was protected in covered storage in the off-season. She has been well maintained and cared for with prime attention given to safety and structural integrity.

About the Property

The property is situated in a prime location for the town's proposed development, offering an opportunity to play a key role in the long-term plans for the community. With commercial zoning and the ability to live on-site, the property provides the flexibility to pursue a variety of uses, such as a restaurant, hotel, retail space, museum, boat facility, gallery, or brewery. Its versatility makes it an attractive option for those looking to invest in a property with potential for multiple revenue streams. Whether you're looking to establish a new business or expand an existing one, this property offers an ideal canvas to bring your vision to life.

The Deeded Docks

The Guesthouse

The Workshop

Welaka is an historic river community with Old Florida charm along the scenic St. Johns River. It lies in the midst of the Welaka and Ocala National Forest, flanking two state parks with over 387,000 acres.

It is small town living at its finest with friendly people and an inviting atmosphere; an alternative to congested coastal living yet in close proximity to Central Florida’s attractions.

Amenities include great local restaurants, boat rentals, charters, bait and tackle, repairs and other services, including a boat ramp.

Recreational opportunities are available on many nearby bodies of water: St. Johns River, Dunn’s Creek, Crescent Lake, Ocklawaha River, Little Lake George, Lake George and Lake Kerr.

The River: The St. Johns River is only one of few rivers on earth that flows north. It is fed by several crystal-clear freshwater springs, meandering 310 miles through the state and national forests into the Atlantic Ocean. Life is defined by the river.

Blue Springs is one of the best winter manatee habitats in the state. Fishing and boating opportunities abound along beautiful inland waterways, and the freshwater fishing is second to none.

It is often referred to as the "Bass Fishing Capital of the World". Large and small lakes also dot the landscape.

Take the river north to Palatka or Jacksonville and to the mouth of the Atlantic Ocean. Head south to Lake George, Silver Glen Springs, Hontoon Island State Park and Blue Springs. Marinas, restaurants and lodging are found in both directions.

Fishing: Amateur and professional fishermen enjoy the black bass fishing from Lake George to Dunn’s Creek and beyond. Other species of fish include speckled perch and varieties of pan fish that can be caught year-round.

Several fishing tournaments take place throughout the year, drawing participation from local anglers and pros.

Links:

Northeast Florida Regional Council

https://www.nefrc.org/

Visit Welaka

https://visitwelaka.com/

Town of Welaka/downtown vision

https://drive.google.com/file/d/1N0GBrpmVSC_7wFwO_8ZUJ0mFJlSCnZ0V/view

About Welaka & the St. John's River

black blue and yellow textile

Property Recap

  1. Six Deep Water Ocean Access Slips:

    • Accommodates 50' vessels

    • Docks span 148 feet of frontage

    • Boat launch is adjacent to the property

  2. Workshop:

    • 40' X 30', well-lit & air-conditioned block building complete with 10” table saw, 12” miter saw, band saw, drill press, shaper, edge sander, belt sander, two grinder polishers, compressor and dust system. Room for toys.

  3. Guest House:

    • 1200 square foot two story home has a spacious open floor plan with new kitchen, new baths (2+), new wood floors, and two bedrooms within suite baths. Outdoor area features a deck, grill and outdoor shower.

  4. Concrete Pad:

    • 66' x 44, Foundation for new building or a patio


  5. Zoned C1 Commercial:

    • Please see brochure for development potential of Downtown Welaka.