A system and method for the safe storage of boats wherein a storage structure is provided having a first section in which boats are stored in vertically oriented cells with each boat being carried within a boat storage unit such that the units may be stacked one upon another and wherein at least one transfer vehicle is provided for selectively engaging and conveying the boat storage units along an overhead grid track system between the first section and a second section wherein the grid track system is at least partially oriented over a body of water such that the at least one transfer vehicle may be used to either lift or lower a boat contained within a boat storage unit relative to the body of water and move the storage unit to and from a storage position in one of the vertical storage cells of the first section of the storage structure.