The Boathouse is Back: Cape Coral’s Beloved Waterfront Tiki Bar Secures a 30-Year Future
Good news for Cape Coral locals and visitors alike: The Boathouse Tiki Bar & Grill at the Cape Coral Yacht Club isn’t gone for good. After a devastating fire in October 2024, the popular waterfront restaurant has reached a new 30-year lease agreement with the City of Cape Coral ensuring that this community favorite will return, bigger and better than ever.
A Fresh 30-Year Lease Agreement
The Kearns Restaurant Group, which owns The Boathouse, finalized the deal with city officials just before the September 6 deadline. The agreement will go before the City Council for approval on September 17.
Key details of the lease include:
A base rent of $7,000 per month
A percentage of gross sales paid to the city (5% in years 1–10, increasing to 7% in years 21–30)
A $1 million city credit applied to rent during the first 10 years
This long-term commitment means Cape Coral residents and visitors can look forward to enjoying The Boathouse’s laid-back tiki vibes for decades to come.
Demolition and Rebuilding Timeline
Nearly a year after the fire, demolition of the damaged building began on September 18, 2025. The Kearns Group will cover the costs of clearing the site, with plans already in motion for the next chapter.
While there’s been talk of an interim food option (such as modular buildings or food trucks) the city and Kearns Group are weighing whether it’s practical during the larger Yacht Club redevelopment project.
What to Expect From the New Boathouse
Zak Kearns, owner of the Kearns Restaurant Group, has confirmed that the new Boathouse will be twice the size of the original and designed to withstand future storms. Architectural plans are in place, and a 3D model has already been created.
Highlights of the planned rebuild include:
A larger footprint west of the pier
Elevated, storm-resistant construction
Expanded seating and dining areas
Continued focus on the waterfront atmosphere that made The Boathouse a favorite for locals and boaters alike
For those who loved the original - with its private beach, live music, and 400 feet of dockage - the new version promises to deliver even more.
Final Thoughts
While it may take some time before Cape Coral residents can sip cocktails at sunset from The Boathouse’s deck again, the 30-year lease ensures that this beloved spot will remain part of the city’s waterfront for generations.
👉 Stay tuned for updates on the demolition, rebuilding progress, and official reopening timeline.