The San Diego Yacht Club is one of the oldest and most prestigious yacht clubs in the United States. Founded in 1886, the club has a long history of excellence in both racing and cruising. Membership in the San Diego Yacht Club is by invitation only, and there is a waiting list for those who wish to join. The initiation fee for new members is $10,000, and annual dues are $3,600. In addition to the clubhouse facilities, members have access to slips at three different marinas: Point Loma Marina, Coronado Cays Marina, and Shelter Island Marina.