cost of 75 foot yacht

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• Maintenance
• Capital Repairs & Reserves
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Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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Average Yacht Prices | 40, 50, 60, 70, 100 feet + Helpful Examples

How much do yachts cost? Let’s look at yacht prices per size.

SELECT SIZE ⇩

Note: We will look at yachts that are a few years old. Very few people buy brand-new yachts as the price comes down a lot after only a few years.

How much is a small yacht? Let’s start at 40 feet length.

40 Foot Yacht Cost

A 40-foot yacht can be found used for around $200,000 and new models can cost as much as a million dollars. There are always lots of used yachts for sale around 40 feet in length, which makes them more attractive to first-time buyers.

Technically, a yacht begins at 23 feet. However, yachts that size will more often be referred to as boats.

A 40-foot yacht is a great option for looking for relative simplicity and plenty of comfort and capability. This size is great for day trips in the Caribbean dedicated to speed boating or simple cruising.

The size remains manageable, but the vessel can be updated with extra living spaces and amenities as desired, with a more affordable price than larger options.

The maintenance prices will remain lower as well.

Make sure you are considering the age of your yacht. Even if it is on the smaller end, it will be more expensive if it is new and custom-built to your wants.

Even if you think a 40-foot yacht is the cheapest option, these small factors make for a sliding price scale.

You might find that a smaller, new, custom yacht is more expensive than an older, simpler, larger yacht. One benefit of an older yacht is that it should have the improvements and equipment that make it comfortable to operate and will not have those additional costs.

For  sailboat prices specifically, check out this article .

Our Pick: Viking 42 Convertible: Cruise and Fish (2014)

Price: $895,000

• Cushioned seats
• Underwater lights
• Flybridge fiberglass hard-top
• Recent engine and service
• Joystick control
• Cockpit shade with poles, freezer, and step-up box
• Custom chairs
• Coach roof overhang to provide shade
• home theater setup
• Freshwater wash area
• Cockpit freezer and drink box
• Forward-facing viewing windows in deckhouse

Here’s a great example of a yacht with differing ages and year models. It has twin diesel engines, 600 hp each, and cruise at 35 mph (pretty fast!).

Yacht Price Examples for Three Other 40-50 Foot

• 42-foot Grand Banks 42 Classic; trawler-cruiser style yacht; twin diesel, 350 hp each, cruising speed is 13 mph. Price: $370,000 for 2004; $124,500 for 1986; older ones for less
• 45-foot Sea Ray 450 Sundancer or Sedan Bridge; single or twin diesel, about 1,000 hp total; cruising speed about 26 mph Price: $472,000 for 2012 twin-engine
• 41-foot Back Cove Downeast; single diesel 715 hp; cruising speed is 26 mph Price: $619,000 for 2016

50 Foot Yacht Cost

50-foot yachts are  normally owner-operated, so you wouldn’t need to pay for a crew. Now we are around the size of 2-bedroom yachts.

They can provide more living space giving the owner flexibility for more guests and making it a more permanent residential option. With more space comes the opportunity to install more amenities as well.

The biggest difference between the 40-foot vessel and the 50-foot is the accommodations.

Expect three-cabin layouts, which give plenty of space for rest. The opportunity to create guest rooms, owners’ suite, and entertainment spaces are better with these yachts.

Our Pick: Hatteras GT54 Convertible Sportfish

The price for the 2017 model of this used yacht starts at $2,249,000. 

This yacht is 53′ 10″ long and weighs 75,000 pounds! It has twin diesel engines, 1,300 hp each, cruising speed of 35 mph.

It has a 1200-gallon fuel capacity with three staterooms. It sleeps up to 6 people, so it is perfect for entertaining without being so large to the point where maintenance becomes very difficult. It is known for its great propulsion rates and is very smooth and agile.

It specializes as a fishing boat but allows plenty of room for guests. In addition to the three staterooms, it has a large salon deck, a spacious galley, and plenty of indoor and outdoor seating.

Yacht Price Examples for Two Other 50 Foot

• 51-foot Azimut Magellano 50; express cruiser; twin diesel engines, 425 hp each, cruising speed 16 mph Price: $670,760 for 2013
• 52-foot Carver C52 Command Bridge; twin diesel engines, 600 hp each; cruising speed 18- 26 mph Price: $1,149,000 for 2017; $1,750,00 for 2021 with bow thrusters, gyro-stabilizer

How much is a large yacht? Let’s  step up to 60 foot.

60 Foot Yacht Cost

Now we’re looking at 2-bedroom yacht prices. A yacht in this range approaches the upper end of the owner/operator criteria.

This means that owners need to decide whether they can handle this size yacht on their own or if they need to hire outside help from a crew.

If you’re thinking of buying a boat this size, the cost may not be an issue, but understand that adding crew members adds substantial extra expenses! Crew salaries start at around $3K /mth for junior members and $10K for captains and experienced crew members.

This size is great for longer travels beyond day trips and adds more and more space for extra amenities. Hosting guests becomes easier.

Here are some examples:

Our Pick: Hatteras M60

The average base price for this model is around $2,995,000.

The Hatteras M60 is great for someone who wants the luxury of a larger yacht but still wants to be an owner-operator. The deck’s layout below and above is spacious, with a large salon and a full master suite. It can be customized to order with hardwood floors or specific carpeting and amenities like TVs, a bar, a full kitchen, etc. It is a motor yacht, meant for pleasure cruising.

It has twin diesel engines, 1135 hp each; cruising speed is 28 mph.

Yacht Price Examples for Two Other 60 Foot

• 64-foot Schaefer 640; express cruiser; twin diesel engines, 625 hp each; cruising speed 25 mph Price: $1,299,000 for 2017
• 60-foot Sunreef 62 Sailing Catamaran; twin diesel engines 110 hp each; cruising speed 10 mph Price: $990,000 for 2009

70 Foot Yacht Cost

We’re now looking at 3-bedroom yachts. Once you reach this size yacht, it is almost guaranteed you will need a crew to help operate it. A crewed yacht is very different from an owner-operated yacht.

This is just shy of the superyacht category, so if you settle on this size, know you are almost there!

As previously mentioned, as the yacht size gets larger, so do the number of factors that make the purchase more layered and complex.

When yachts reach this size, the interior layout begins to change more drastically. They often have a spacious main deck perfect for dining and entertaining guests, whereas below, the yacht would likely have four or more cabins and crew quarters.

With more rooms comes more cost and more opportunity to customize the space to make it your own.

Here are some great options for this size:

Our Pick: Hatteras GT70 Convertible Sportfish

The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. It’s great for a long vacation and far-away destinations.

The GT70 convertible sportfish is known for its speed and agility, and high propulsion power. It has twin diesel engines, 1900 hp each; cruising speed over 30 mph.

It is 70′ 6″ with 2,140-gallon fuel capacity. The inside is lavish, with a galley, a huge salon, and five staterooms.

Yacht Price Examples for Two Other 70 Foot

• 75-foot Hatteras Motor Yacht; sport cruiser; twin diesel, 1800 hp each; cruising speed 28 mph. Price: $4,375,000 for 2017
• 74-foot Ocean Alexander Motoryacht; twin diesel, 1150 hp each; cruising speed 24 mph. Price: $1,895,000 for 2011

100 Foot Yacht Costs (and up):

You are officially in the superyacht range.

These yachts come in all styles and shapes, allowing for cruising along coastlines or focusing on watercraft and speed boating.

Since this is likely the peak size boat for practical use, you can expect a lot of additional costs for hiring a crew, maintenance, docking, as well as stocking your boat full of amenities. 

You’re likely to spend the bulk of your costs furnishing this size boat as bigger yachts typically are sold without furniture. The previous owner will want to hold on to designer furniture and other expensive interior.

Check out these great  examples of 100-foot yachts .

Our Pick: 143′ 04″ Virtus 44

This model cost around $20,189,000.

This mega yacht is anyone’s dream.

It is home to a fully integrated beach club with room for a pool deck, floor-to-ceiling windows in the main salon, a hot tub on the top deck, five staterooms, an 8-person crew, and room to sleep ten guests.

It has room for water toys and other gadgets, with a layout that keeps them purposefully hidden from the outside world. It has a 12-knot cruising speed and 16-knot max speed,

Other 100+ Feet Yachts Price Examples

• 98′ 5″ AB 100 Price: $8,843,260 for 2018
• 161′ 04″ Acico Nassima Price: $17,933,000 for 2012

How Much is Yacht Insurance?

Insurance on a yacht is around 1% of the purchase price per year. It can go higher if you have lots of expensive designer furniture. This can add up over the years. It’s often cheaper to insure a sailing yacht but the price range is still within the 0.7-1.3%.

What Other Expenses Do Yacht Owners Face?

Harbor fees is another expense for yacht owners. It’s also a yearly fee that varies but as a rule of thumb, you can expect to pay around $100 per foot per year, depending on how popular the marina is. You will also have to be on a waitlist if you want a good location.

How Much Does a Luxury Yacht Cost?

A super yacht fall under the category of “luxury yachts” or “mega-yachts”.

The world’s largest private vessel belongs to the Prime Minister of the United Arab Emirates, Khalifa bin Zayed Al Nahyan’s Azzam. It is 590 feet long and costs $600 million to build!

It is outliers like these that increase the price average for yacht owners, perhaps scaring potential owners when they start their research.

As a luxury yacht price guide, however, we need to look at averages.

Currently, the average superyacht costs $275 million. This does not even account for maintenance costs, either.

Superyachts are large and luxurious, needing a professional crew to help them run. They are designed to emphasize comfort, speed, and longer expeditions – depending on the yacht builders.

They might have:

• swimming pools,
• water toys,
• diving and fishing poles,
• fully furnished rooms,
• helicopter landing pads,
• and smaller support vessels

Just to name a few amenities. They are truly the epitome of the elite.

What Size Boat is Considered a Yacht?

The normal yacht length starts at around 23 feet, and can extend hundreds of feet.  If the boat meets 23 feet, it can be considered a yacht.

A boat does not need luxury features to be considered a yacht.

It can be minimal and stripped of the “extra” stuff to fall into the yacht category, so long as it meets the size and length criteria.

11 Things to Consider Before You Purchase

When making this purchase, the yacht size you buy needs to reflect what you hope to get out of the vessel.

Some important questions to ask yourself before you buy are:

• What does your perfect day on the water look like?
• How long will your average day on the water be?
• Will it be more boating/watercraft focused or long cruise focused?
• Will you use the yacht for fishing?
• Will you be on the yacht every day of the week or just on weekends?
• How many people do you hope to fit on the yacht?
• Do you plan to stay on the yacht overnight?
• Where will you dock the yacht?
• How much boating experience do you have?
• How fast do you want the yacht to go?
• How important is it to have extra amenities like furnished rooms, water toys, electronics, etc.?

These questions will guide you to understand the size you really need and will be able to realistically maintain versus what your most ideal yacht would look like.

When Do You Need a Full-Time Crew?

At length over 50 or 60 feet, you may need a full-time captain or crew. 

A full-time crew person will be needed to keep all the varnished woodwork looking good and all the little things maintained.

Sometimes, you must be honest with yourself about what you want and what you actually need. Be self-aware about your abilities (or lack thereof) in taking care of a specific size yacht.

If you don’t know much about boats and navigation, you will need more help to use your vessel.

Hopefully, this comprehensive guide gives you a good starting point as you begin your yacht price research process.

Important Things to Consider As Well

Although there are many factors to consider when understanding a yacht’s prices, it is an exciting purchase nonetheless and should be enjoyed as much as possible.

At the end of your research, you’ll be the owner of a beautiful yacht you can use for leisure, cruising, sports craft, fishing, or all of the above.

Although this article is a good starting point, we would also recommend getting in touch with a  yacht broker who can help you find your best fit , model, year, and the price is given your personal budget. 

They are great sources of knowledge in addition to personal research.

Make sure you are as patient as possible in this process to make sure you are covering all your bases, but most importantly, enjoy the process!

Here’s How Much Yachts Cost on Average:

Yachts start around $300,000 for smaller 40-foot models and can go as high as several hundred million dollars for superyachts.

These are the main contributing factors to the price of a yacht:

• The size of the yacht
• The age of the yacht
• The brand and  type of yacht

In general, the larger the yacht is, the more important the quality of the build becomes.

Also, potential owners need to understand the cruising speed and propulsion of different yachts.

The yacht type is also broken down into two categories:

• Mediterranean Style Open style expresses yacht with maximum space for sun, little-to-no shade on the deck.
• Hard-top express Semi-enclosed or fully-enclosed space on deck for the operator
• Flybridge yachts

An express yacht is often referred to interchangeably as an  express cruiser  or  sports cruiser .

It has a single deck above the hull with a living space below.

They are much sleeker, too.

A flybridge yacht is often referred to as a sedan bridge or sport bridge, and it is typically used for fishing. It has additional space above the main deck.

Since the flybridge area has more space on the second deck, the main deck is normally made up of enclosed spaces and rooms.

It can have an open-air layout but can also have a hard-top.

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An inspired 75 foot yacht, offering infinite configuration options, generous luxury living space and flexible crew quarters

DESIGNED FOR THE LONG HAUL

The Oyster 745 is a long range cruising yacht, designed to take you to the remotest corners of the world. She is a joy to sail yourself, with a small crew to assist and maintain her. This 75 foot sailboat is the smallest in the Oyster range with dedicated crew quarters. The internal layout offers a separate ensuite crew cabin and galley with discrete access, guaranteeing privacy for you, your family and friends. This versatile yacht offers huge scope for customisation, allowing you to add your personal touch to the spacious living accommodation. Well provisioned with generous cabins, capacious storage and tankage, she is as well-suited to long haul liveaboard adventures as she is local cruising and entertaining. The design and configuration of this offshore sailboat makes her the perfect model to offer for charter when you are not aboard enjoying her yourself.

EXCEPTIONAL PASSAGE-MAKING CAPABILITY

The Oyster 745 is a thrilling, large sailing yacht - her immense scale makes it an unforgettable experience. Her powerful, large volume hull form with twin rudders offers perfect stability and effortless finger-tip control on the helm. Visibility is excellent from both protected helm stations, making tricky manoeuvres simple and the smart sail plan makes her easy to handle, delivering consistently fast passage-making speeds. It all adds up to a beautifully balanced offshore sailboat. The large cockpit offers safety and comfort for family and friends; concealed lines, clutter-free decks with flush hatches and plenty of stowage for sails and kit make moving around safer under sail. Exceptionally large tankage and generous stowage below means you can make extended voyages without re-stocking. Wherever this Oyster 745 long-range cruising yacht takes you, you can be sure adventure comes as standard.

A true long range cruising yacht

The Oyster 745 is well-provisioned for long haul bluewater cruising. The smallest boat in the Oyster fleet with dedicated crew quarters, you can enjoy time at the helm, or let the crew take over while you relax and enjoy the view with family and friends.

Choose from a variety of options to accommodate up to four crew, the standard layout offers a double bunk crew cabin forward, linear galley with a further double ensuite cabin which can be used for crew or guests. This yacht also has the option for a full width galley, offering two double bunk crew cabins in the bow, with two heads.

There are plenty of opportunities to add a personal touch to almost every aspect of the interior, from your choices of wood and fabric, to entertainment, connectivity and navigation equipment.

Engineering features are easily accessible, with a large engine room under the saloon sole with room for two generators. Services and systems are clearly labelled and easily accessed. Intelligent design makes use of every available space for storage and the optional extended transom opens up a larger, full width lazarette for all your bluewater cruising and water sports gear.

ENTRIES OPEN

Embark on the sailing adventure of a lifetime. entries are now open for the oyster world rally 2028-29.

MATTHEW SHEAHAN REVIEWS

Join international sailing journalist Matthew Sheahan as he reviews the Oyster 745

Find out more about the Oyster 745

True liveaboard luxury

As you would expect on an offshore sailboat, the Oyster 745 is luxurious and well-appointed, for weekend cruising or setting sail around the world. Below decks, the large hull volume offers versatile choices to customise the layout. The generous aft ensuite owner’s cabin is luxurious and light, with signature triple Seascape windows connecting you to spectacular views. A further three ensuite guest cabins let you make the most of the space. The forward-opening saloon windows and Seascapes flood the saloon with light, making it a delightful space in which to entertain or relax. Her saloon table can seat eight or more comfortably, or you can dine in the cockpit with up to 12 guests on the fold-out table with its integrated refrigerator. Mood lighting and air-conditioning come as standard, along with forced-air ventilation to keep the yacht dry and comfortable in any climate.

THE LUXURY OF SPACE

This expansive 75 foot sailboat is designed for sailing and relaxing in style. The protected guest cockpit is incredibly comfortable, with 20% more space than our smaller models. Its smart layout and sprayhood make it a dry, safe and relaxing place to enjoy the views under sail. At anchor, she has all the amenities needed to spend quality time with friends and family. The clutter-free decks offer wide open spaces fore and aft for sunbathing. The extended transom option opens up more entertaining space aft and a larger, full width lazarette for all your bluewater cruising and water sports gear. The hydraulic swim deck is another perfect spot to enjoy a sundowner after a day under sail. Below, a dedicated chart table with the latest navigation equipment can also be personalised for homeworking.

Step onboard

Join us for a detailed walk-through of the Oyster 745

Effortless automation

Ergonomic cockpit design

Luxurious master cabin

Spacious saloon

Clear and spacious aft deck

Command helm position

Outstanding guest accommodation

Accessible galley

Flush foredeck

Crew quarters

Practical navigation station

Clear side decks

745 CENTREBOARD

SHALLOW DRAFT

The go-anywhere Oyster 745CB with retractable centreboard keel opens up a world of possibilities.

SPECIFICATION

LENGTH OVERALL INCLUDING STEMHEAD

22.74m / 74'7"

LENGTH OF HULL

21.93m / 71'11"

LENGTH OF WATERLINE

20.03m / 65'9"

5.91m / 19'5"

DRAFT - STANDARD KEEL

3.10m / 10'2"

DRAFT - CENTREBOARD UP

1.98m / 6’6"

DRAFT - CENTREBOARD DOWN

4.56m / 14’11"

DISPLACEMENT - STANDARD KEEL

53,957kg / 118,955lbs

TYPICAL ENGINE

Cummins Turbo-charged QSB6.7-250 184kW (247hp)

TANKS - FUEL

2,000 litres / 440 Imp Gallons (528 US gals)

TANKS - WATER

1,500 litres / 330 Imp Gallons (396 US gals)

SAIL AREA - INCLUDING 106% FORETRIANGLE (SLAB REEF)

279m2 / 3007ft2

SAIL AREA - INCLUDING 106% FORETRIANGLE (IMF)

269m2 / 2896ft2

AIR DRAFT APPROX, EXCLUDING ANTENNAE

32.49m / 106’ 7”

Summer 2026

• Interior Layouts

OYSTER 745 WATERLINE SAIL PLAN

OYSTER 745 EXTENDED TRANSOM WATERLINE SAIL PLAN

OYSTER 745 WATERLINE PLAN

OYSTER 745 STANDARD KEEL CONFIGURATION

OYSTER 745 DECK PLAN

OYSTER 745 DECK PLAN WITH SWIMMING PLATFORM

OYSTER 745 DECK PLAN WITH EXTENDED TRANSOM

OYSTER 745 INTERIOR PLAN

OYSTER 745 INTERIOR PLAN FULL WIDTH GALLEY

See the Oyster 745 in person – book your private tour

With up to ten berths in five double cabins, all with ensuite bathrooms, the 745 offers ample space and privacy. From the generous and luxurious owners’ cabin aft to the crew quarters forward, there is room for everyone.

The forward twin bunk cabin with ensuite gives your crew room to relax and recharge, with a separate access hatch so they can operate the boat without disturbing you and your guests.

Hidden beneath the saloon sole, the fully sound insulated engine room contains an Onan MDKDV e-QD 230V AC generator to run all your amenities. Fitted with a sound shield it run silently when in use and has a remote start/stop.

Like all our new models, the 745’s hulls and deck mouldings are certified by Lloyd’s Register for build quality, strength and integrity. They also meet the stringent EU RCDII standards.

Every aspect of her design and equipment has been refined to create a beautiful and practical yacht. Featuring signature Seascape windows, it also boasts retractable hydraulic bow and stern thrusters as standard, air conditioning and a water maker.

Choose from a variety of interior layouts to suit your unique requirements. See interior plans for more options and talk to the sales team if you have alternative formats in mind.

Oyster’s craftspeople spend hundreds of hours creating the contemporary solid wood interiors with a stunning choice of unexpected woods including walnut, ash and cherry.

The fold down hydraulic transom bathing platform is perfect to pull up to in your tender or to dive in for a refreshing dip. Push-button controlled, it has teak plank decking, swim ladders and a pair of removable dinghy bumper bars.

The extended transom option opens up a full width lazarette for extra storage, ideal for all your water sports kit. It also provides extra entertaining space on the aft deck.

Step on and off your 745 in style with a retractable hydraulic passerelle, with remote control or operated from the cockpit or your smartphone. Extending 1.9m from inside the transom, it is finished in stylish teak decking with stainless-steel details.

SAIL THE OYSTER 745

Join us as we go sailing on our spectacular 75-foot long range bluewater cruiser

Handcrafted with pride

No two Oysters are the same. Each of our yachts is designed and handcrafted using time-honoured skills, insights and learnings gained over 50 years from a loyal group of visionaries including owners, staff, sales team and project managers. Working with the finest materials and an obsessive attention to detail, our craftspeople know how to translate your vision into a yacht that is an Oyster through and through, while making her unique to you.

The Connected Yacht

Leading-edge technology is seamlessly woven into the Oyster 745 making it digitally-enabled, so you are always connected anywhere in the world. Every system is chosen for its ruggedness and fitness for purpose. Oyster’s proprietary digital switching system Oyster Command™, which now comes as standard on all our models, lets you monitor and control various systems over a digital network through the touchscreens at the navigation table and helm positions, or on your tablet device from anywhere on the boat. Specified systems are tested thoroughly at sea to give you complete peace of mind – we only specify safety and navigation technology that we know is reliable and trustworthy from first-hand experience.

Oyster Command

Oyster Command™ is a digital switching system that controls everything from on board entertainment and lighting, to all your main systems, utilities, and security. It can be controlled from any multi-functional display you have installed on your yacht or mobile device. The system is accessed through a clear, intuitive and easy to use graphic interface. It is simple to navigate and operate from the screen at the navigation table, helm positions, or on any other multi-functional display you have on board.

Internet and WiFi

All Oyster yachts are fully connected, featuring wifi throughout, accessed through the latest satellite technology. A 4/5G cellular antenna picks up signal when you are close to onshore radio masts.

Audio-Visual Systems

We work with you to specify the right audio-visual equipment for you. These entertainment systems are seamlessly integrated into your yacht to keep you entertained wherever you are on the boat.

Oyster proprietary mood lighting system allows you to adjust the lighting tones to your mood via our pre-set digital light switches, making environments comfortable, relaxing and well-lit. LED light tones are matched throughout the yacht to provide a seamless experience. Recessed and LED strip lights are intelligently placed to offer perfect mood lighting throughout.

BUILT FOR A LIFETIME OF ADVENTURE

As a British boatbuilder, our heritage spans over 50 years in shipyards that have been in operation for over 100 years. Built with a meticulous attention to detail, every aspect of our yacht build undergoes exacting scrutiny. Every Oyster is specified well-beyond normal requirements so the single skin hulls are extremely robust, giving you peace of mind in any conditions – from extreme cold to tropical heat or heavy weather. To ensure strength and integrity, Lloyd’s Register certifies our hulls and decks which they inspect on a weekly basis throughout the moulding process. The combined skills of all experts involved contributes to your Oyster’s exceptional quality and finish. So when you take ownership of your Oyster 745, you know she has been built to last a lifetime.

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If you like what you have seen of the Oyster 745 so far, why not find out more? The perfect 75 foot sailboat, she is a pleasure to own and sail with a crew. Spend some time exploring the reviews, video and images here.

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How Much Does a Yacht Cost: A Comprehensive Breakdown for Buyers

Yachts embody luxury, status, and freedom, leading many to wonder about the costs associated with such an extravagant purchase.

Buying a yacht is a significant investment that involves not only the initial price but also ongoing expenses such as maintenance, fuel, insurance, and crew costs.

The price of a yacht varies greatly depending on factors such as size, brand, age, and features. Understanding these factors will help potential buyers make informed decisions.

Smaller yachts often start at a few hundred thousand dollars , while larger or more luxurious models may cost millions. Meanwhile, superyachts and mega yachts can carry price tags in the tens or hundreds of millions of dollars.

It is important to remember that additional ownership costs, like annual operating expenses , must be considered when calculating the true cost of yacht ownership.

Key Takeaways

• Yacht costs vary greatly based on size, brand, age, and features
• Additional expenses such as maintenance, insurance, and crew should be factored in
• Assessing all costs involved helps gain a clearer picture of the true cost of yacht ownership

Types and Sizes of Yachts

When considering the cost of a yacht, it's important to understand the various types and sizes available in the market.

In this section, we will explore some of the main categories of yachts, including sailing yachts vs. motor yachts and the range of sizes from small to superyachts.

Sailing Yacht Vs. Motor Yacht

There are two main types of yachts: sailing yachts and motor yachts.

Sailing yachts rely on wind power and sails for propulsion, making them more eco-friendly and fuel-efficient. They come in a variety of sizes and styles, with smaller sailboats starting around 23 feet in length. Some popular designs include sloops, cutters, and ketches.

Meanwhile, motor yachts use engines for propulsion, offering more speed, power, and maneuverability. These yachts typically range from around 30 to 100 feet, although larger motor yachts can also be classified as superyachts. Motor yachts are often equipped with a luxurious interior, offering the utmost comfort and entertainment for guests.

Small Yachts to Superyachts

Small Yachts (10,000-$100,000):

Small yachts generally range from 23 to 40 feet in length. These yachts are more affordable and easier to maintain, making them attractive to first-time buyers. They can be both sailing yachts and small motor yachts. Examples of small yachts include sportfishing boats, family cruisers, and day sailers.

Midsize Yachts ($100,000-$1,000,000):

Midsize yachts typically range from 40 to 60 feet in length. The price of a midsize yacht can vary greatly, with used models going around $200,000 while new ones can go up to a million dollars. They offer more space, better amenities, and improved performance compared to small yachts. Midsize yachts can also be classified as sailing yachts or motor yachts.

Large Yachts ($1,000,000 and up):

Large yachts typically range from 60 to 100 feet in length. These luxurious vessels come with a higher price tag, often costing multiple millions of dollars. Large yachts offer plenty of space for entertaining, as well as state-of-the-art technology and amenities. They come in both sailing and motor yacht varieties.

Superyachts ($10,000,000 and up):

Superyachts are the pinnacle of luxury and sophistication, typically measuring over 100 feet in length. They feature extravagant amenities, such as helipads, swimming pools, and even movie theaters. The price of a superyacht can be astronomical, at times exceeding $10 million or more.

Cost Factors for New and Used Yachts

When determining the cost of a yacht, whether new or used, several factors come into play. These include the age and condition , size and style, brand and model, and location and availability of the yacht.

Each of these factors plays a significant role in the overall cost, so understanding them can help buyers make an informed decision.

Age and Condition

The age of a yacht naturally impacts its price. A brand-new yacht typically commands a higher price than a used one. However, the condition of a used yacht can also greatly influence its value. A well-maintained, used yacht in excellent condition may be more expensive than a newer model with issues or wear and tear.

Size and Style

The size and style of the yacht also play a crucial role in determining the cost.

Generally, larger yachts come with a higher price tag. For example, the average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79 foot category was $1.18 million.

The style of the yacht, such as a sailboat, power catamaran, or luxury yacht, can have a significant effect on the price as well.

Brand and Model

The yacht's brand and model also contribute to its price. Some yacht brands are known for their luxury, craftsmanship, and performance, which can lead to a higher cost.

On the other hand, more affordable brands may offer similar amenities and functionality at a more budget-friendly price.

It's essential to research different yacht brands and models to find the one that best suits your preferences and budget.

Location and Availability

The location of the yacht, along with its availability in the market, can influence the overall cost.

In some regions, yacht prices may be higher due to factors such as demand, local taxes, or shipping costs. Additionally, if a specific model is in high demand or limited supply, its price may be elevated due to scarcity.

Initial Purchase Price

Buying New Vs. Pre-Owned

When considering the initial purchase price of a yacht, one of the first decisions a buyer faces is whether to buy a new or pre-owned yacht.

New yachts typically come with the latest technology, design, and customization options, but they also come at a higher price.

On the other hand, pre-owned yachts can be significantly more budget-friendly, but may require more maintenance and lack the latest features.

The average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79-foot category was $1.18 million. These prices can vary depending on whether the yacht is new or used.

The Buying Process

The process of buying a yacht typically involves researching the market, selecting the right size and type of yacht, identifying suitable yachts, negotiating the price, and completing the purchase.

Working with a professional yacht broker can be beneficial in streamlining this process for the buyer as they can provide expert guidance in selecting the right yacht to fit the buyer's needs and budget.

Costs to Consider

In addition to the initial purchase price, there are various other costs that should be taken into account when buying a yacht. These include:

• Insurance : Buyers should consider the cost of insuring the yacht. Insurance fees, among other factors, are influenced by the size and value of the yacht.
• Marina fees : Docking the yacht at a marina will incur fees, which can range from a few thousand dollars for smaller yachts to tens of thousands for larger ones.
• Maintenance : Maintenance costs can make up around 10% of the initial purchase price. For used yachts, be prepared to spend on essential repairs and upgrades as needed.
• Fuel : The cost of fuel is influenced by the yacht's size, engine type, and cruising frequency.

Operational and Maintenance Costs

Crew Expenses

One of the significant expenses associated with owning a yacht is paying the crew salaries .

The number of crew members and their respective positions will vary depending on the size and complexity of the yacht. For example, a 180-foot superyacht may have an annual crew expense of around $1.4 million.

It is essential to account for additional crew-related costs such as insurance, training, and uniforms.

Fuel and Propulsion

Another considerable aspect of yacht ownership is fuel costs. The amount of fuel consumption will largely depend on the yacht's size, propulsion system, and usage patterns.

For instance, a larger yacht may incur around $400,000 for fuel annually.

It is also worth considering the potential expenses for any necessary upgrades or maintenance of the propulsion systems to ensure optimal performance and efficiency.

Repairs and Upkeep

Maintaining the yacht's appearance and condition requires regular maintenance and repairs . These expenses can quickly add up. Annual maintenance costs for a superyacht could reach up to $1 million.

This includes expenses for cleaning, teak oils, wax, and polish to keep the yacht looking immaculate. It is often recommended to allocate around 10% of the yacht's value to cover annual maintenance costs.

Dockage and Storage

Mooring fees, marina fees, and storage are additional factors to consider when estimating the operational costs of a yacht. Dockage costs typically depend on the yacht’s size and the chosen location.

On average, a superyacht may have an annual dockage expense of around $350,000 .

Additional Ownership Costs

Yacht insurance is a significant cost that should be factored into your decision to buy a yacht. The cost of insurance can vary based on the size, type, and value of the yacht.

For example, a 180-foot superyacht may have insurance costs upwards of $240,000 per year .

Obtaining quotes from various providers is essential. Remember that rates can fluctuate based on factors such as the yacht's condition and the owner's boating experience.

Taxes and Registration

Owning a yacht also comes with local and federal taxes and registration fees. Tax rates can vary depending on the state or country where the boat is registered.

In the United States, some states have a sales tax for yacht purchase, while others have an annual personal property tax. Make sure to research the applicable taxes and registration fees in your area to include them in the overall cost of ownership.

Depreciation

Another factor to consider when purchasing a yacht is depreciation. Over time, the value of most yachts will decrease, much like automobiles.

The rate of depreciation may differ based on the yacht's make, model, and age. To account for this potential decrease in value, make sure to have a proper maintenance plan in place and be prepared for the potential resale-value drop.

Extra Amenities and Upgrades

Finally, extra amenities and upgrades can significantly impact the cost of owning a yacht. Additional features such as upgraded electronics, specialized navigation systems, enhanced entertainment systems, or custom interior finishes can add considerably to the base cost of ownership.

Also, consider ongoing costs associated with these amenities, such as maintenance, repairs, and replacements. Budgeting for these additional expenses is critical to ensure your enjoyment of the yacht without financial strain.

Real Cost of Yacht Ownership

Owning a yacht is a luxury many people dream of, but it comes with significant costs. This section will discuss the real cost of yacht ownership , looking at the rule of thumb for annual costs and investment considerations.

Rule of Thumb for Annual Costs

When estimating the cost of owning a yacht, a general rule of thumb is that annual costs will be around 10% of the initial purchase price. This includes expenses such as maintenance, fuel, insurance, and crew salaries.

For example, a 180-foot superyacht could have an annual budget of $1 million for maintenance, $400,000 for fuel, $240,000 for insurance, and $1.4 million for the crew.

Another example is a 50-foot yacht , which may have ongoing costs between $35,000 and $85,000 per year.

• Maintenance and Repairs: The cost of maintaining a yacht can range from $1,000 to over $1 million per year, depending on the size and complexity of the vessel.
• Dockage: Yacht owners should budget around $350,000 annually for marina fees.
• Fuel: Depending on the size and type of yacht, fuel expenses can be substantial, averaging around $400,000 per year for a large vessel.
• Insurance: Insurance premiums for yachts can range from a few thousand dollars to upwards of $240,000 per year.
• Crew Salaries: Crew salaries can account for the largest portion of yacht ownership costs. A large yacht may require a crew with an annual budget of $1.4 million.

Investment Considerations

When thinking of purchasing a yacht as an investment, potential owners should consider several factors.

Yachts depreciate in value over time, making them a less attractive investment compared to traditional assets such as stocks and real estate.

Additionally, the high cost of ownership may make yacht investment less viable for some individuals.

Keep in mind that while some owners charter their yachts to offset costs, this strategy may not fully cover annual expenses. Moreover, chartering exposes the yacht to additional wear and tear, which can result in higher maintenance costs.

Life on Board

Amenities and Comfort

Life on a yacht offers a unique blend of luxury and comfort. Yachts often come equipped with a variety of amenities to make living on board as enjoyable as possible.

One common feature is the cabin , which provides comfortable sleeping quarters and private spaces for relaxation. Some yacht cabins even have their own ensuite bathrooms for added convenience.

A well-designed galley is essential on a yacht, providing the space and facilities needed to prepare meals and store provisions.

Modern yacht galleys often come equipped with high-quality appliances and ample storage space to ensure a pleasant dining experience.

On larger yachts, additional amenities may include swimming pools , outdoor lounges, and spacious deck areas for sunbathing and relaxation. Some superyachts also feature helipads , allowing for easy access to transport and travel to and from the yacht.

Entertaining and Lifestyle

A yacht is not just a floating home, but also a platform for entertaining and socializing. The deck space on a yacht offers a fantastic setting for outdoor gatherings, while a well-appointed cabin cruiser can serve as an ideal venue for more intimate events.

Entertaining on a yacht often involves a range of activities, from casual get-togethers to formal dinners with friends, family, or business associates.

A key factor in this lifestyle is the yacht's finish – the quality of the materials, furnishings, and décor that contribute to an atmosphere of luxury and sophistication.

With such an array of amenities and entertainment options, life on a yacht combines the best aspects of comfort, luxury, and a captivating lifestyle.

Frequently Asked Questions

What is the price range for a small yacht?

Small yachts can cost anywhere from $100,000 to several hundred thousand dollars, depending on factors such as size, brand, age, and amenities.

On average, a new, small yacht may cost around $200,000, but prices can vary significantly based on the specific yacht .

What are typical rental costs for yachts of various sizes?

Rental costs for yachts can vary greatly depending on factors like size, type, and location.

Typically, smaller yachts can be rented for a few thousand dollars per day, while larger, luxury yachts may command tens of thousands of dollars per day.

Some yachts may also require a minimum rental period and may charge additional fees for things like fuel and crew.

What is the purchasing price for a luxury yacht?

Luxury yachts generally fall within the multi-million-dollar price range, with some costing tens of millions or even hundreds of millions of dollars.

The exact price of a luxury yacht depends on several factors, such as the yacht's features, size, customizations, and brand.

What is the cost associated with owning a 50-foot yacht?

The cost of owning a 50-foot yacht includes the purchase price, maintenance, insurance, docking fees, and fuel costs.

While the purchase price can vary greatly, annual costs can be estimated at approximately 10% of the yacht's value, which may include maintenance, repairs, insurance, docking fees, and other related expenses.

What are the expenses involved in buying a 100-foot yacht?

In addition to the purchase price, which can range from a few million to tens of millions of dollars, owning a 100-foot yacht incurs several ongoing costs.

These expenses include insurance, crew salaries, maintenance, docking fees, fuel, and provisions. It is important to budget for these costs, as they can add up to a significant amount each year.

What can one expect to pay for a 70-foot yacht?

The purchase price of a 70-foot yacht can range from several million dollars to well over $10 million, depending on factors such as age, brand, and features.

In addition to the initial purchase price, there will be ongoing costs such as insurance, maintenance, crew salaries, docking fees, and fuel, which need to be considered when budgeting for yacht ownership.

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75 SPORT YACHT

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75 Sport Yacht

Principal Characteristics & Technical Specifications

The next generation of Sport Yacht has arrived. Striking exterior features, modular furniture configurations and a contemporary interior finish deliver an exciting yacht reaching speeds of up to 40 knots with twin MAN V12-1550 or 1900 engines. 

A design concept that balances beautiful architecture with functionality is central to Sunseeker's 75 Sport Yacht. The symmetry of the stern is a feature in itself. Dual steps lead from the bathing platform to the aft cockpit, with a tender garage capable of housing a Williams 395.

The yacht profile turns heads with stainless steel air intake cowlings and exterior handrails, contributing to the high-quality finish.The aft cockpit benefits from a classic seating arrangement whilst the aft sunpad is an ideal sunbathing space, with a large storage compartment concealed underneath.  A traditional second helm is accessible on the spacious flybridge via a stairway. Adjacent companion seating on the starboard side, adjoined by a chaise-longue sunpad, offers an uncompromised view of the water. Meanwhile, up front there is a spacious foredeck with seating and a table for six. 

The design extends throughout the interior. Exquisite woods, contrasting fabrics and rich lacquers, paired with indirect and dimmable lighting, create a sophisticated and striking ambience. Bold features include carbon fibre trims, sharp accent designs, reflective surfaces and stainless-steel cabinet detailing. A double-piece windscreen improves visibility and invites light into the main deck. The main deck seating centres around a fold-out table on the starboard side and a large television unit to port, all flooded by natural light thanks to the full height glazing. The comprehensively equipped helm station is forward of the U-shaped sofa, maintaining a typical Sunseeker layout.

The lower deck arrangement offers spacious accommodation for up to eight guests and two crew. A full-beam master cabin with dressing table fitted with storage, a chaise longue and plenty of additional wardrobe space. All three guest suites come with an en suite, and access to a shared day head is available from the lower hallway. The fully-fitted lower galley and dining space offer a social zone for intimate entertaining. Given the breadth of entertainment spaces on offer, spacious cabins and powerful sea-keeping, the 75 Sport Yacht promises to deliver an exceptional owner experience.

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Average Cost of Buying & Owning a Sailboat (2022)

Here are the 2022 data for our research on the average cost of buying and owning a sailboat.

Examples of Popular Sailboats, and How Much They Cost

What Does it Cost to Buy a Sailboat?

The average price of a new sailboat per foot in USD:

• under 30 ft: $2,400 per ft
• 30 - 50 ft: $5,700 - $8,500 per ft
• over 50 ft: $11,900 - $65,400 per ft

On average, second-hand sailboats go at 1/3 - 1/4 of the cost of a new boat:

• under 30 ft: $815 per ft
• 30 - 50 ft: $3,020 per ft
• over 50 ft: $5,100 - $17,000 per ft

Price of new sailboats

I've looked at the prices of thousands of yachts (really) on one of the largest yacht marketplaces in the world (- not manually, don't worry: with the help of their search function). This is what I came up with:

Source: Yachtworld Q2 2022

The price of new sailboats ranges from roughly $1,412 - $65,433 per foot. I've used these numbers to calculate the following list:

Prices per foot in USD

Here's the detailed price per foot for all lengths from 20 to 100 feet:

Price of used sailboats

We did the same for used catamarans, comparing thousands of listings. Here are the complete data:

The price of used sailboats ranges from roughly $471-$17,044 per foot.

Prices on Craigslist

To get an average of the price of a used sailboat, I went over to Craigslist. I took the first 10 relevant search results for sailboats under, and over 30 feet.

Of course, the averages here are very speculative, as prices vary from day to day. But it gives a broad range of what to expect.

Over 50 feet, listings become meagre. I believe people tend to not place their 80-ft sailboats on Craigslist, but sell it through a broker instead.

Median Craigslist price of a used sailboat:

• under 30 ft: $7,900
• over 30 ft: $96,900

Average Craigslist price-per-foot of a used sailboat:

• under 30 ft: $354 per ft
• over 30 ft: $1,845 per ft

This is what I found on Craigslist under 30 feet:

Washington dc.

Source: Craigslist Washington DC Q2 2022

Los Angeles

Source: Craigslist Los Angeles Q2 2022

Source: Craigslist Houston Q2 2022

South Florida

Source: Craigslist Miami Q2 2022

Source: Craigslist New York Q2 2022

Here's what I found for 30 feet and up:

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How much does it cost to charter a yacht?

There are many things to consider and first time charterers can be left confused, that's why we've created a comprehensive guide to yacht charter prices (with a checklist).

The good news: It’s easy to grasp the basics of yacht charter pricing. And with one of our experts in your corner, we can help you more accurately estimate the cost of your next once-in-a-lifetime vacation.

The cost of a yacht charter is dependent on a number of factors, including the type of yacht, the charter destination, local taxes, and the base cost. (If the yacht has a celebrity owner, well that too, can add to the cost.)

Therefore, yacht charters have a wide range of base prices. That’s why charters can cost from $10,000 per week on smaller sailing yachts and catamarans, up to $150,000+ per week on the most luxurious motor superyachts.

What else can you expect to pay? This overview – a part of our planning resource, the Charter Advice Guide – offers an in-depth look at charter yacht costs.

Yacht Charter Price Structure: “All-Inclusive” vs “Plus Expenses”

In the world of yachting, two types of crewed yacht charters are available to you – “All-Inclusive” and “Plus Expenses” charter experiences. What do these terms mean exactly? Here’s a quick look:

• All-Inclusive Yacht Charters – Some charters (mainly catamaran and monohull charters in the Virgin Islands) offer all-inclusive rates. That means rates are based on the number of guests, and they include all food and drink, water sports, and fuel costs. Dockage and taxes, though, are usually charged separately.
• Plus Expenses Charters – Rates for larger motor yachts do not include running expenses, which must be paid separately. For these luxury charters, the base price is for the yacht only. Additional expenses, i.e. food, bar, fuel, dockage, port taxes, and other expenses, are charged separately. Most frequently, the running expenses are paid by an Advance Provisioning Allowance, or APA, which is typically 35% of the base price; this is an amount that’s paid prior to the charter.

Our chart below offers a quick overview of what’s included in both of these types of charters.

Average Yacht Charter Cost: Base Prices

What can you expect to pay for a catamaran, a sailing vessel, or motored yacht? Here’s a quick overview of the average cost to rent a yacht (not including extra expenses) for the most common types available:

Factors that Affect Yacht Charter Prices

Since charter yachts are privately owned, prices are set by the owner. This can explain, in part, the wide range of differences in price between boats of similar lengths. Yet, several other factors can significantly impact price, including:

• The Yacht – The year the boat was built, the builder, previous owners, and the boat’s selection of water toys can also increase the cost of a yacht. Boats can also develop a reputation, i.e. the largest or most luxurious, or having a famous builder or previous owner. Reputation can also affect pricing.
• Season – Prices typically increase in the high season – i.e. high summer in the Mediterranean or winter in the Caribbean – and decrease in low seasons.
• Destination – Your charter destination also plays a role in charter cost. For example, prices increase in areas without large charter fleets (i.e. the Galapagos), whereas Bahamas yacht charters,   BVI charters , or Mediterranean yacht charter are priced more competitively.

Additional Costs Considerations on Yacht Charter

In addition to the cost associated with running the yacht and provisioning, there are a number of other costs that must be considered. These are the most significant:

Advanced Provisioning Allowance

The APA on Plus Expenses charters equals roughly 35% of the yacht’s base price. This is a fee that’s collected prior to charter, and it’s similar to an expense account the captain can access during the charter. At the end of the charter, you will receive a detailed accounting of your APA account, plus any unused APA funds in cash.

In the case of overages, you may be required to replenish the APA account during the charter. This can be done with cash, although many choose to set up accounts with their charter brokers , which can be accessed if requested by the captain.

Taxes and Value Added Tax (VAT)

Most boats – whether all-inclusive or Plus Expenses – will not include local taxes or a Value Added Tax into their charter rate. The charterer will be responsible for paying those taxes. Taxes range significantly by destination; here’s a look at some of yachting’s most popular destinations:

• The Bahamas – Tax: 4% plus 10% VAT
• BVI – Tax: between $6 and $16 per person per day, depending on the flag of the boat
• Croatia – VAT: 13%
• Florida – Tax: 6% for Broward County, 7% for Miami-Dade County
• France – VAT: 20%, however, 10% can be applied when an itinerary includes International Waters
• Greece – VAT: 12%
• Italy – VAT: 22%, however 6.6% (over 24m) and 8.8% (under 24m) can be applied when an itinerary includes International Waters
• Montenegro – NO VAT
• New England – NO TAX
• Spain – VAT: 21%
• Turkey – NO VAT

Charterers can purchase cancellation and curtailment insurance – which is similar to traveler’s insurance. This insurance can help cover costs if a charterer must cancel or shorten the charter. Charter brokers can help you weigh insurance options, and often offer several different options.

Crew Gratuity

While crew gratuity is certainly not mandatory, it is recommended, particularly if you were truly impressed with your charter experience. In general, crew gratuity is roughly 15-20% of the base charter rate, which is handed to the captain at the conclusion of your charter.

Delivery Fees

While these fees do not apply on most charters, you may be asked to pay delivery costs if you are not chartering in the yacht’s normal cruising ground. In most cases, you will only be required to cover the fuel for the trip.

Call Worldwide Boat today to learn more. Our Charter Specialists are here to assist you with every detail and explain all charter costs. Or read our Charter Advice guide for more information and tips for planning your charter vacation.

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Serenity 236

236.3ft / 70m

Additional Charter Cost FAQs

What are standard private charter yacht prices?

There are a number of factors that affect charter yacht pricing. However, on average, a week-long private yacht charter costs anywhere from $10,000 on luxurious sailing yachts and catamarans, and up to $150,000 for superyachts.

What affects charter yacht prices?

There are several things that influence how much your yacht charter will cost. The type of vessel, charter destination, length of trip, base cost, time of year, and local taxes all make a difference.

How much does it cost for a crewed vessel?

Charter yacht prices do increase when hiring a crew along with the boat. At Worldwide Boat, we offer two types of crewed charter experiences: all-inclusive and plus expenses. An all-inclusive charter yacht includes accommodation for all guests, food and drink, water sport activities, and fuel costs – dockage fees and taxes are charged separately. A plus expenses experience accounts for just the yacht’s base price. Things like food, drinks, fuel, dockages, taxes, and other expenses are charged separately and are usually estimated to be about 35% of the base price.

What’s included in all-inclusive boat charters?

At Worldwide Boat, your all-inclusive charter experience includes a diligent and friendly crew, water toys, food, drinks, fuel, water and electric services, and occasionally diving experiences.

What are some additional charter boat costs to consider?

After finding a base price you’re comfortable with and evaluating your package, you’ll also want to consider delivery fees, crew gratuity, insurance fees, taxes, and Advanced Provisioning Allowance rates. If you are responsible for these fees, your crew will handle the necessary transactions on your behalf.

What does it cost to rent a 100- foot yacht charter?

This depends on what type of vessel you’re looking at and how long you’ll need it for. The average weekly cost of a 100-foot sailing yacht is between $50,000-100,000. A weekly 80-foot catamaran charter runs around $40,000-100,000, and a week-long 100-foot motor yacht rental is anywhere between $50,000-80,000.

Does the price to rent a yacht change depending on what type of boat it is?

Yes. Worldwide Boat offers sailing yachts, catamarans, and motor yachts. All of these vessels have different capabilities, but there are other factors that determine the price beyond what type of boat you choose. The year the boat was built, owner, availability of water toys, onboard amenities, and the ship’s reputation can all change how much the ship is priced at.

When is the high season for yacht charters?

The price of a yacht fluctuates depending on the season. A Mediterranean yacht charter cost rises in the summer and drops in the winter, whereas Caribbean boat charter prices are high during the winter and lower in the summer months.

How does my destination affect charter yacht cost?

The more remote an area is, the more expensive it will be to charter a yacht there. That’s because prices go up in areas that have fewer boats. If you were to travel somewhere like the Galapagos, which isn’t a typical yacht destination, you’d pay more than you would if you were traveling to the Caribbean.

How much do I tip the crew when reviewing my yacht charter expenses?

It’s not required that you tip your crew, but it is recommended and appreciated. If you had an enjoyable experience it’s considered polite to tip your crew anywhere from 15-20% at the end of your charter.

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How Much Does A 75 Foot Viking Yacht Cost?

The Viking brand is synonymous with iconic sportfishing boats, but the American shipyard has also made its mark when it comes to producing luxury cruising yachts in a wide range of sizes. It was back in 1995 that an agreement was reached to sell the Princess Yachts sport cruiser model line through the Viking shipyard, forming what was known as the Viking Sport Cruiser. It would bring together the quality Princess cruising range with the Viking's pristine reputation for customer service in the U.S. market. In 2011, the two brands began separating themselves once again into Princess and Viking Yachts , although a service relationship continued.

For several years after, Viking only built sportfishing models until 2015 when the Viking 75 Motor Yacht made its debut. Described as having superyacht-like characteristics, with Viking-quality construction, there were several boats sold between 2015 and 2022. Viking no longer advertises the 75MY, but one can be built if pre-sold.

The price of a Viking 75 is going to depend on if you are referring to the more recent 75MY or the sport cruiser built by Princess. The cost of a 75-foot Viking Motor Yacht will be in a range of $5 million to $6 million depending on condition and options. A 75-foot Viking-Princess sport cruiser, built between 2004 and 2009, will generally sell at a price range of between $1 million and $3 million. The more recently built 75 Motor Yachts were on the brokerage market an average of 7 months.

(Below: Youtuber 'BoatTube' does a walk-through video of the Viking 75.)

There were quite a few differences in the exterior profile and lines between the Viking 75 MY and the 75-foot Viking Sport Cruiser. The older version definitely resembled what Princess Yachts was building at the time. The newer 75MY was designed with a skylounge up top, along with a smaller aft deck above the cockpit. The main deck windows are also much larger than the 75 Viking Sport Cruiser, a quality that is a result of the improvement in materials and construction between the early 2000's and 2015. The investment made back into the Viking factory in the form of keeping key employees and innovation in technology has helped improve these cruising characteristics that were once not possible.

( Below: A Viking 75 Motor Yacht built in 2016 )

( Below: A 75-foot Viking Sport Cruiser built in 2008 )

The interior layout and decor of the more recent Viking 75 was quite remarkable. With a beam over 20-feet, there are 5 large staterooms for all of your guests to enjoy their on-water luxury vacation and cruise. The master suite is full-beam with an abundance of storage options throughout and an en suite head, however all of the guest cabins have en suite heads as well. The tri-level design of the 75MY truly enhances the cruising experience allowing you to rejuvenate from the day's activities in total comfort.

( Below: The dining area and galley are a popular country-style open design and is forward in front of the large windshield. )

The power option for the newer 75-foot Viking Motor Yacht was the reliable MTU Series 2000 V12 M96L engines. Found in many motor yachts of this size today, the MTU Series 2000's are a popular choice for builders as they have significant horsepower and area relatively easy to maintain. The older 75-foot Viking Sport Cruisers built at the Princess shipyard generally consisted of Caterpillar C-30 or C-32 engines, although some owners opted to build theirs with MAN's in the earlier units built in 2004. The older Viking Sport Cruisers generally spend about 8-9 months on the brokerage market before selling.

( Below: The MTU engines in a Viking 75 built in 2017 )

Whatever questions you might have about the Viking Yacht Company, our factory-trained team is here to answer them all. From finding the right model on the used Viking market, to building a brand new boat with your own personal touches, to finding a boat already available in inventory, we have all the information at our fingertips. We are the oldest Viking dealer in North America and close to the factory, allowing us to offer exceptional customer service that others can't match. Email us today at [email protected] or call our main office at 1-718-984-7676 to learn more about Viking Yachts.

Other Viking-related articles of interest:

• How Much Does A 70-Foot Viking Cost?
• How Much Does A 80-Foot Viking Cost?
• How Much Is A Viking Yacht 90?
• How Much Does A 50-Foot Viking Cost?
• Is Viking A Good Yacht?
• Sell Your Viking Faster
• Resource Guide To Owning A Viking
• How Much Does A Viking 92 Cost?
• The Viking 64 Convertible : Sportfish Evolved
• Announcing The New Viking 90
• A Review Of The Valhalla V-46
• Viking 46 Billfish: A Personal Sportfisherman
• The Battle-Tested Viking 72
• Sportfish Perfection: The Viking 64

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Mikelson 75

Luxury sportfisher.

The Mikelson 75 Sportfisher is a true game-changer in the world of luxury yachting. With a price point significantly lower than competitors in its class, this vessel offers a level of value that is truly unmatched. The C-32 CAT powered vessel boasts an impressive list of features, including an enormous split-level salon with 360-degree windows, providing breathtaking views at all times.

With the option of either 3 or 4 staterooms, the full-beam mid-ship master stateroom offers unmatched comfort and luxury. And, with the addition of aft crew quarters, the Mikelson 75 truly has everything you need to live life to the fullest. The stand-up engine room and the optional fully enclosed wheelhouse make this vessel a true marvel of engineering, while the large split-level cockpit with molded in-transom bait tanks and optional cockpit day head with shower ensure that you have everything you need for a memorable day on the water.

Technical Specifications

• Unidirectional high strength fiberglass material
• Dininycell & CoreCell closed cell core material
• Longitudinal over-sized fiberglass stringers
• Transverse marine-ply bulkheads
• Cast marine bronze thruhulls
• Cast marine bronze cutlass bearing
• Stainless steel struts
• Stainless steel rudders
• Protective bonding system
• Exterior polished gelcoat finish, std color off-white
• Linear polyurethane painted accent/boot stripes
• Linear polyurethane painted salon window stripe
• Nonskid molded fiberglass foredeck and sidedecks
• Salon frameless windows
• Stainless steel opening portholes in hull
• Stainless steel deck hardware and railing
• Non-integral fiberglass molded tanks w/Epiglass epoxy
• Hull bottom epoxy barrier paint
• Hull bottom antifouling paint
• 120/240VAC and 24VDC electrical panels w/volt & amp meters
• Individual protective circuit breakers
• 12VDC house battery bank with 80 amp 12VDC automatic converter/charger
• (4-200amp 12VDC batteries in fiberglass boxes)
• 24VDC engine starting bank
• Engine driven 24V 60A alternators
• Insulated, color coded and numbered wiring
• PVC rectangular electrical wiring conduit
• Flybidge electric sub-panels for electronics
• LED 12V polished brass or chrome overhead light fixtures
• Electrochrome 12VDC marine blowers
• Guest battery select vapor-proof switches
• (5) Rule bilge pumps w/highwater alarm
• (2) Marinco 220V/50amp electrical inlets (1 port/1 starboard cockpit)
• (1) Marinco 50′ 240V 50amp shore power cord
• Marinco telephone/TV cable inlet
• Navigation Lights
• Twin Caterpillar 1825HP C32 ACERT electronic, Turbo Diesel Engines (optional MTU, MAN or Detroit Diesels engine packages available)
• Fresh water heat exchangers
• Clamshell underwater exhaust w/idle bypass
• Fiberglass exhaust silencing muffler system for bypass
• ZF or Twin Disc transmissions
• Anti-vibration engine mounting system
• Aquamet 22 H.S. Alloy Stainless stell shafts, 3.5″ (approx.)
• Nibral propellers (4 bladed)
• Twin Onan or No. Lites 21.5kw generators in soundshields
• Halon fire protection w/automatic engine/shut downsystem
• Racor dual 1000 fuel filter/separators
• Groco marine bronze raw water intake strainers
• CAT electronic engine gauge panel
• Tachometers, Oil pressure, Water temperature, Volt meter, Hour meters and Transmission oil pressure.
• Audio engine temperature/oil pressure alarm system
• CAT flybridge ignition switches
• CAT momentary STOP electrical switches
• Bennet hydraulic flybridge controlled trim tabs
• Glendinning electronic throttles and shifts
• Hynautic hydraulic steering system
• Fuel manifold w/transfer system
• Engine room blowers
• 2600 gallon fuel tank capacity (approximate)
• 350 gallon water tank capacity (approximate)
• Hart Tank Tender fuel and water tank gauge
• Kohler bathroom fixtures
• Jabsco Quietflush large bowl head systems w/70 gal holding
• Tank and Y-valves for discharge
• (1) Flojet fresh water pumps w/cartridge filter
• Groco fresh water expansion tank
• 2 each 20 gallon hot water heaters
• Head shower catch sumps w/auto pumpout
• Jabsco waste discharge pump
• Deck fitting for waste pumpout
• Copper plumbing runs throughout
• Per arrangement selection by buyer
• Teak or cherry paneled bulkheads
• Varnished teak and holly sole in galley & heads
• Granite or Surell Countertops w/searails
• GE 4-burner electric stove/oven
• Electric 12V exhaust fan in stove vicinity
• GE 120V full size refrigerator/freezer
• GE microwave
• Trash compactor
• Double sink w/pull-out faucet
• Ample drawers and storage cabinets
• Below countertop storage in counter corners
• Teak or cherry pantry locker w/shelving
• Duplex 120V electrical outlets
• Combination 120V clothing washer/dryer unit
• Decor selection throughout for carpeting, countertops, headliner, etc… are covered by “special decor allowace.”
• Hand-rubbed effect and varnished teak or cherry bulkheads
• Deluxe vinyl headliner
• Queen/King sized berth w/underneath drawer storage
• Fitted Mattresses
• Overhead 12V light fixtures
• Indirect back-lighting
• Full length decorative mirror
• Nightstand w/drawers
• Abundant drawers for clothing storage
• Auto-lighted hanging locker
• Stereo speakers
• Built-in 32” Blu-Ray Flat Screen
• Telephone outlet
• CruiseAir air-conditioning w/reverse cycle heat
• Teak or Cherry entrance door w/Baldwin laches
• (4) opening portholes
• Decor selection throughout for carpeting, countertops, headliner, etc… are covered by “special decor allowance.”
• Berth configuration per arrangement
• Hand-rubbed effect varnished teak or cherry bulkheads
• Fitted mattress
• Built-in 20” TV Flat Screen
• Teak or Cherry entrance door w/Baldwin latches
• (2) opening portholes
• Decor selection through-out for carpeting, countertops
• Headliners, valances, drapes, etc..are covered by “special decor allowance”.
• Hard anodized entrance door w/security lock
• Hand-rubbed and varnished American Cherry paneled bulkheads
• Creme color or light grey deluxe vinyl headliner
• Teak or cherry varnished decorative overhead handrails
• Ship’s alarm status panel w/highwater & fire alarm
• Wet bar with ULine refrigerator/icemaker
• Built-in teak bottle storage rack
• Barrel or bar chairs per selection (2)
• L-lounge settee w/pullout double bed
• Coffee table
• Indirect back-lighting at valances and sole
• 12V and 120 V overhead light fixtures
• Entertainment center with AM/FM stereo receiver, CD player, 32” color LED TV and Blu-Ray w/boosted omnidirectional antenna
• CruiserAir air-conditioning w/reverse cycle heat
• Tinted safety glass windows that open w/screens
• Polished gelcoat finished bulkheads
• Molded fiberglass sinks w/Kohler faucets
• Varnished teak and holly sole
• Enclosed showers w/12V exhaust fans or deck hatch
• Jabsco Quietflush large bowl electric head system
• Medicine cabinet w/mirror
• Linen storage w/towel bar
• Decorative toilet paper holder
• Overhead 12V lights
• Duplex 120V electrical outlet
• Teak or Cherry outer/Formica inner entrance door w/Baldwin latches
• Nonskid molded fiberglass or teak strip deck
• Scuppered cockpit and hatches
• Lanai deck day head w/Par electric toilet (optional)
• Lanai deck seating across aft section
• S/S seat back with 10 rocket launchers
• Dual molded fiberglass bait-tank system
• Storage lockers port and starboard
• Access hatch to lazarette storage area
• Engine room access hatch
• Hot/cold fresh water recessed hand held shower
• Stainless steel ladder to flybridge w/teak steps
• Fishing tackle center
• 8 scoop (4 ea.) double bait tank in transom
• (6) flush mounted stainless rod holders
• (2) cockpit flush fish & storage boxes
• Duplex 120V exterior covered outlet
• Fiberglass gelcoat or teak strip transom cap
• Molded fiberglass transom door w/stainless steel hinges
• Molded fiberglass swimstep w/swim ladder
• One set of exterior stereo speakers (from salon)
• Perko 12V courtesy lights throughout
• Fresh water washdown
• 2 each / Crew staterooms at aft of engine room
• Molded fiberglass bridge w/gelcoat finish
• Fiberglass molded reinforced hardtop
• Settee and table to seat 6 people
• Wrap around console for electronics installation
• Storage under control console and settee
• Stainless steel handrails
• Tinted framed acrylic windshield venturi
• Side by side Murray Bros. or equivalent cushioned helm chair
• CAT electronic engine instrumentation w/lights and hour meters
• Glendinning electronic throttles and shifts (2 stations – Fwd/Aft)
• Hynautic hydraulic steering
• Stainless steel steering wheel
• Full aft tournament control station w/chair
• Ritchie or Danforth 5” lighted compass
• Molded fiberglass radar arch w/wireways
• Bridge seating with vinyl covered cushions
• Norcold DE351 AC/DC refrigerator
• Quartz halogen 120V flood lights-LED
• 12V stereo w/exterior speakers (separate unit)
• Indoor/outdoor carpeting on deck
• Marlin tower available (optional)
• Enclosed flybridge available (optional)
• Grover dual trumpet flybridge horns
• Par 12V halogen foredeck flood light
• Aqua Signal navigation lights and anchor light
• Fiberglass deck hatch over anchor system
• Anchor chock w/chain roller and anchor pin
• Stainless steel #316 deck hardware
• Bow, stern and midship cleats w/chocks
• Stainless steel stanchions and railing
• (3) Lewmar opening tinted aluminum deck hatches
• Horizontal 3000 lb. capacity anchor windlass
• Anchor fresh water washdown with drainage
• Stainless steel deck fils for fuel
• Fiberglass bow pulpit w/anchor chain rollers
• Claw 110 lb. anchor and shackle
• 250’ x 3/8” Hi-test anchor chain
• 8” chrome fog bell
• Life ring with S/S bracket
• Life jackets (8)
• Fire extinguishers as required by USCG
• First aid kit
• Olin flare kit as required by USCG
• (6) Mooring lines (3/4” x 30” colored)
• Taylor fenders (4-24”)
• Stainless steel emergency tiller

Live Life Fully With The Mikelson 75, Complete With Aft Crew Quarters

Book a guided tour.

We provide both in-person and video-call tours led by knowledgeable Mikelson team members. Get all your questions answered as we tour the yacht of your choice together.

Why Buy Direct?

Mikelson specialists.

We are the experts when it comes to Mikelson yachts. Our brokers are well-versed in all aspects of these vessels and can provide answers to any questions you may have.

Customer Retention

The fact that 80% of our new yacht sales are to repeat customers who own a Mikelson Yacht is a testament to the versatility and superior build quality of our products.

Purchase Wholesale

Cut out the middleman and save on broker fees by dealing directly with the manufacturer. Build a personal relationship and have more control over the buying process.

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Blog | Yachts to Consider Between 70 to 80 ft.

Arm yourself with actionable sales intelligence in the motoryacht arena.

INTRODUCTION

The 70-80 foot market continues to be a strong market with several recent sales. Here’s a breakdown of a few of the top yachts to consider between 70 and 80 feet in length that are attracting buyers to the table.

Ocean Alexander 78 Yacht

The 2012 Ocean Alexander 78 ALEXANDRA represents one of the finest motor yachts in her class with less than 400 original hours, Zero Speed Trac stabilizers finished off with a stunning Destry Darr Interior. Powered by twin Caterpillar C18 ACERT engines (Approx. 397 hrs), she carries a three-stateroom layout plus crew quarters, making for an ideal cruising yacht, whether for an owner operator or crewed yacht. The previous owners transitioned from a a 62’ Ocean Alexander, falling in love with the spacious layout in the bigger 78′ model that could accommodate cruising requirements in Southern waters like Florida and on Lake Michigan in Chicago. This motoryacht offers more substance and more room, guaranteeing guest comfort in all cruising locations. _________________________________________________________________________________ More research: Review Similar Yachts | Review Ocean Alexander Reviews & Articles

2008 75′ Azimut Yacht

The 74-78 range is a strong market with continued demand and the Azimut 75 is a boat worth considering whether you’re moving up into a larger yacht or just getting started in the boating world. Although a different breed than the Ocean Alexander showing modern lines and euro interior she’s a sporty yacht that’s perfect for cruising up the coast or a trip to the Bahamas. This particular Azimut 75 is a great example of a well maintained boat cared for by professionals. A crew of two have been aboard full time since first delivery and it shows. Dark stained wood and cream leather highlight the modern and spacious interior. She’s an example of a yacht that is just as stylish in Monaco as it is in Miami. The best priced Azimut 75 on the market priced for a quick sale. ________________________________________________________________________ More research: Review Similar Yachts | Review Azimut Yachts Reviews & Articles

2005 80’ Mangusta Express Yacht

This 2005 Mangusta 80 is a real screamer, cruising at 37 knots she tops out at 44 knots. Imagine running from Miami to Bimmini or Cannes to Monaco for lunch with plenty of space for entertaining. This Mangusta’s beautifully crafted interior features highgloss teak woodwork and teak and holly soles. She has been very well maintained and represents one of the best values on the used yacht market. _________________________________________________________________________________ More research: Review Similar Yachts | Mangusta Reviews & Articles

2007 Horizon 76

With a gorgeous hard-top flybridge from which to engage cruise speeds reaching 25 knots, buyers will fall in love with custom semi-gloss cherry saloon interiors and built-in cream leather curved sofas (plus a loveseat). Featuring a 18’6″ beam and 5’8″ draft, she is the perfect cruising vessel, comfortably accommodating guests with a generous layout that includes 3 staterooms, 2 heads and 2 crew berths. The aft deck showcases built-in bench seating aft w/cushions, teak table and 3 rattan chairs. ________________________________________________________________________ More research: Review Similar Yachts | Review Horizon Yachts Reviews & Articles

2006 80 Hatteras Enclosed Bridge Motor Yacht

Boarding this Hatteras 80 one is immediately aware that she is the American heavy weight of this class. Her light Anigre woodwork really brightens the salon and formal dinning area. Head up the stairs to the fully enclosed bridge and one will find a full office. The full beam master features his and her heads and plenty of cedar lined storage. The Hatteras 80 is offered in both an open flybridge as well as a fully enclosed sky lounge if you’re heading north. If she is too large checkout the 72 Hatteras Motor Yacht featured below. _________________________________________________________________________________ More research: Review Similar Yachts | Hatteras Reviews & Articles

2007 78 Hargrave Motor Yacht

The 2008 Horizon 77 represents one of the most well equipped yachts in this class. Her maindeck areas feature high gloss cherry and below-decks have maple wood work. She features both bow and stern thrusters, Caterpillar C32’s (400 hours), two 27kw generators and top of the line electronics. This Horizon Yacht’s hideway lower helm station and breakfast nook gives the owner the best of both worlds. The Taiwanese built Horizon Yachts offers a name brand yacht with great resale value. The balance between a well designed interior with an open flybridge is noticed in this Horizon 77 listed for sale now lying in Fort Lauderdale, FL. ________________________________________________________________________ Review Hargrave Yachts Reviews & Articles

2006 84’ Choey Lee Motor Yacht

This 84′ raised pilothouse features a number of key selling features including rich mahogany paneling in the salon and a circular staircase that winds up to the flybridge and down to the staterooms. Buyers will note Wolf stainless steel oven units in the galley, while the master stateroom holds a King’s berth with storage drawers and walk-in closets. This motoryacht is generously powered by twin Caterpillar C-30 (1,550 HP each) diesel engines,fresh water cooled with an electronic injection/governor. The yacht is currently located in Peurto Rico and priced to sell.

________________________________________________________________________ More research: Review Similar Yachts | Cheoy Lee Reviews & Articles

2010 Hatteras 72′ Motor Yacht

This 72’ Hatteras is the only Hatteras 72 on the market with an enclosed bridge. This 400k option allows the flybridge to become part of the living space. Her African Mahogany and gorgeous stone counter tops are really set off by her stainless appliances. Down below one will find four luxurious staterooms with additional crew quarters aft. If this Hatteras 72 is too small, check out the Hatteras 80 Motor Yacht featured further up the page. _________________________________________________________________________________ More research: Review Similar Yachts | Hatteras Reviews & Articles

2004 Sunseeker 75 Manhattan Yacht

The 75 Sunseeker Manhattan continues to be one of the best selling yachts on the market today. They all feature four generous staterroms as well as pleasant woodwork and leather interiors. They are known to be great running sea boats and their MAN engines are very reliable. There are currently two of these Sunseeker 75s available today in the US market. _________________________________________________________________________________ More research: Review Similar Yachts | Sunseeker Reviews & Articles

2008 Vicem 72 Classic Yacht

Built in Turkey of cold molded mahogany, this Vicem Yacht represents the gentleman’s cruiser on this list. Her downeast syling will turn heads in Nantucket as well as the Dalmation Coast. Once aboard it seems as if her entire interior is covered by rich mahogany. Her three staterooms are whisper quiet underway, a result of her cold molded construction. This Vicem 72 is powered by 1550 MANs and will reach a cruise speed of 26 knots. _________________________________________________________________________________ More research: Review Similar Yachts | Vicem Reviews & Articles

2011 Marlow 78 Motor Yacht

This nearly new yacht is the long range cruiser of the bunch. An enclosed pilothouse and 3500 gallons of fuel makes this Marlow Explorer the expedition leader. Grab handles on the ceiling will allow her adventurous owner to move freely no matter the sea state. Berth space for ten guests in four staterooms insures no one will be left behind. _________________________________________________________________________________ Marlow Reviews & Articles

Lazzara 75 LSX Sport Yacht

One of five 75 Lazzaras currently on the market, this 2007 model is the nicest available. New paint in 2010 and fresh varnish on her aft cap rails really set her apart from her competition. The galley down arrangement is very unique in that it gets natural light from the windshield. Her quad Volvo IPS 600s power this Lazzara 75 to 27 knot cruise speed. Tip: We recently listed a 116′ Lazzara for sale that will appeal to buyers who wish to move up to higher length ranges in the future. In 2014, the owners spent over $250,000 to keep her in ‘mint’ condition. _________________________________________________________________________________ More research: Review Similar Yachts | Lazarra Reviews & Articles

FURTHER INSIGHT…

While the 70-80 foot motoryacht range is a natural sweet spot for international buyers also consider these two standout yachts in the 60-70 range and 80-90 foot range respectively. We consider them uniquely suited to the market, displaying a level of design and performance maturity that will appeal to luxury-minded American families.

BELOW 70 FEET: DYNA 60

The Dyna 60 makes its international debut at the 2014 Fort Lauderdale Boat show, issuing a strong challenge to rivals in the Sunseeker and Azimut class range. Dyna 60

ABOVE 80 FEET: HORIZON E88

The Horizon E88 remains one of our standout choices in the 80-90 ft. range, featuring a number of sophisticated design, performance and layout features that continue to grow its international reputation. E88

PURCHASING A YACHT

We have a number of additional research and selling tools available to help you narrow down your dream motoryacht. If you currently own a yacht, also consider leveraging our HD film services to help you film a free motoryacht video to accompany a future sale while you pursue purchasing a new yacht.

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How Much Does it (Really) Cost to Own a Yacht?

The true cost to own a yacht is an area of concern for many prospects of yacht ownership. And it should be.

Maintenance costs, exploitation costs, total cost compared to yacht charter, we detail in this article the expenses (especially the hidden ones) you have to consider before buying your first yacht !

We also provide you several solutions to lighten your investment and reduce the cost to own your yacht. 

If you are looking for the price of a yacht charter (rental), please read this article instead .

How much is a yacht?

Before diving into the expenses that comes monthly, yearly or every decades once you own a yacht, let’s answer the elephant in the room: How much is a yacht (alone) in the first place? The short answer is… it depends, of course. But in most cases, the longer the yacht, the higher is her selling price.

Generally speaking, you can expect to find yachts for sale in the following price ranges:

• Below 50ft (15m): between 500K – 2,500,000 € / USD
• Between 50-70ft (15-21m): between 2 millions and 6 millions € / USD ( See our 9 catamarans for sale under 6 millions here )
• Between 70-100ft (20-30m): between 6 millions and 20 millions € / USD
• Superyachts over 100ft (30m): minimum 10 millions € / USD

You can always find exceptions to the rule and find cheaper or more expensive yachts for sale outside of these price brackets.

A lot of factors come into the selling price of a yacht: supply and demand, brand / model reputation, age and condition of the vessel, urgency or lack of for the sale and so on.

What are the main hidden costs that come with yacht ownership?

You probably already guessed it, the cost of owning a yacht doesn’t stop at its purchase price . In some cases, the price you bought your yacht at can seem like a bargain, but it really isn’t once you start adding all the hidden costs, and many of them come yearly.

Here are the main ones you should be wary of.

Yacht exploitation and running costs : always calculate them carefully before buying your yacht

It always cost you money to exploit your yacht.

When you are chartering a yacht, a part of these operation costs is included in your APA (Advanced Provisionning Allowance) .

When you own a yacht, these costs still apply , but you will have to pay directly for them.

Among the main operation costs, the most important are usually the following:

• The fuel: its cost will depend on the type of boat, her fuel consumption, the region, and the distances traveled;
• The mooring fees which depends on the area but also on the boat size;
• The crew, if you need it. The cost will depend on the frequency and the crew’s size;
• The communication fees;
• The food and beverages supplies;
• All the expenses related to your leisure activities.

Yachts maintenance: a cost that you should definitely not overlook

Even outside of its operating period, it still costs you money to own your yacht!

Maintenance of your boat isn’t an option and must be done on an ongoing basis. The price vary depending on the type of yacht you are owning (motor, sail, etc…), the size of the vessel, but also how old she is.

The maintenance costs include :

• The regular maintenance of certain equipment, like engines, thrusters, sails, rigging, safety equipment, hull(s) (fairing)…;
• The occasional maintenance operations in case of breakdown or damage;
• The painting;
• The cleaning and the specialized maintenance products (for teak, leather, …). 

The costs of maintenance and upkeep will obviously not be the same if you do it yourself or if you call in specialists. But regardless, you should have a budget buffer dedicated to maintenance costs when you plan on buying a yacht, especially if she already had a long sailing life.

The taxes and insurance premiums of a yacht: a cost that most forget

Consider the different taxes (at the purchase and annual) and the yearly yacht insurance that you have to pay. A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat’s purchase price per year.

Must Read : Yacht Insurance : The Definitive Owner’s Guide

Yearly harbor fees : a very important hidden cost of yacht ownership

The port and/or winterization fees are also a big part of yacht ownership costs that you should carefuly estimate.

Depending on your region, you may need to consider “dry-docking” your boat, which involves handling, transport, and storage which can be really expensive. 

If you can leave your yacht in the water all year round, you will need to go for a harbor ring concession.

Depending on the marina and its infrastructure, the region, and your boat’s size, the costs may considerably vary from a few hundred dollars to thousands of dollars a month . However, it is easy to obtain this information from marinas once you have chosen which yacht to purchase.

The depreciation’s price of a yacht

A yacht, like a car, will depreciate . It is difficult to estimate the depreciation, as it depends on economic conditions, exchange rates, price inflation when new, the type of boat, and the shipyard. 

However, it is reasonable to estimate a minimum depreciation of 10% in the first year, then 7% in the following years. From the fifth year on, the depreciation tends to slow down. On the other hand, the operating costs increase.

Summary of the main operating and maintenance costs of owning a yacht

So, to sum up, how much does it cost to own a yacht? It largely depends on your type of yacht and your location.

But in general, owning a yacht will cost you between 10-25% of its value annualy . The longer the yacht, the likelier you are to be at the end of the spectrum.

Here are the reasonable costs you could consider:

• 10% of its value annually for a 60ft (18m) / 1 million USD yacht and below (=max 100K / year)
• 20% of its value annually for a 100ft (30m) / 10 millions USD yacht and above (=min 2 millions / year)

These brackets of total costs include everything: usual yacht maintenance, upkeep and operating costs that will be distribued as follow:

• Communication
• Maintenance
• Insurance premiums
• Harbour fees
• Cost of depreciation

Are you worried? Do not. Luckily, there are numerous ways to decrease the overall cost of yacht ownership and still enjoy yachting as it should be. Read the next paragraphs to know these valuable tricks.

If you liked this article you will also like : HOW MUCH DOES IT COST TO CHARTER A YACHT?

How to reduce the cost of yacht ownership?

A yacht keeps on costing money even when not in use, so the best way to make it a more profitable investment is to increase its exploitation.

Renting your own yacht : a good way to reduce the costs of owning a boat

When you are not using the boat, you can earn income by renting it out. The rental price depends on the type and size of the boat, but also its location. While making money from renting is possible, don’t expect to pay back all your expenses. Nevertheless, it will help you in avoiding your yacht becoming a financial burden. 

The easiest way to do this is to hire a professional charter company to help you. If you go for a reputable and experienced company, you will benefit from their expertise and contacts. It will also save you from legal, insurance, and withdrawal issues and avoid red tape.

On the topic : Yacht to Charter : Can It Be Profitable?

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Another solution to own a yacht at lower cost is fractional ownership of a boat , which means that you own a fraction of it. It can be half, a quarter, or even less. For a long time, boaters have been opting for this option of partial ownership with friends or family. These days some companies create formalized fractional ownership arrangements for more guarantees. 

For example, in partnership with the Windward Islands, SAILING RESORT proposes fractional boat ownership on the fabulous trimaran, the LEEN 72’. So you can become a co-owner of the new hybrid-powered multihull which can accommodate up to 10 passengers and 4 crew members. You will enjoy private use of the trimaran (depending on the period) from 6 to 12 weeks during the first 5 years.

This program proposes a profitable commercial operation with 24/7 premium service. It is a tailor-made solution for all those who want to feel like owners of a prestigious yacht for a few days a year while limiting their investment and responsibilities. WI manages the operation of the yacht for you out of your personal use, like the charter’s organization, maintenance, insurance, annual mooring, and all other administrative tasks.

Once you have weighed the pros and cons and have the means to finance both the purchase and the annual costs (maintenance, operation, …) of your yacht, you should go for it! Indeed, if you can evaluate the hidden costs and expenses of owning a boat, the freedom and unforgettable memories are priceless. 

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

If you can’t enjoy your yacht frequently or are still unsure about whether it’s worth the cost or not to own a yacht, you might consider chartering instead. This will allow you to try out different models , from various shipyards, and see which ones you prefer.

Therefore, the cost of renting a yacht will save you from having to worry about all those hidden costs of owning one. All you have to do is pay for your charter, your cancellation insurance and set your APA during your stay. This way, you only pay money, time, and effort when you use the boat.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

Read also : SUSTAINABLE YACHTING: HOW IS THE BOAT INDUSTRY BECOMING MORE ECO-FRIENDLY?

Frequently asked question

For a 60-foot or million-dollar yacht, the cost per year will be about 10% of its value or $100,000 per year.

You should expect to pay about 20% or more of the original price of your boat to run it annually. So, for a $10 million yacht, the cost to operate will be about $2 million per year, including fuel, insurance, dock fees, maintenance and repairs, crew, etc.

A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. Add another 15-25% of the vessel’s value for V.A.T.

Once you have weighed the pro and cons, if you can afford the purchase and all the hidden annual expenses, have found your dreamed yacht, and have time to enjoy it, you should go for yacht ownership!

It is not the best way to make money, but you can minimize your annual expenses by renting it or opting for fractional boat ownership.

It’s hard to tell. As long as you have the money and enough time to enjoy it, it is worth owning a yacht! Everything cannot be estimated. For example, it will bring you invaluable freedom and happiness.

One of the easiest way to reduce the maintenance cost of a yacht is to fractional yacht ownership. That way, the maintenance expenses are spread among co-owners according to their shares.

It varies greatly depending on the size of the yacht. For a yacht of 60ft (18m), you will likely spend around 10% of its purchase value each year in maintenance and exploitation costs.

Luxury yachts have maintenance and operation costs that are around 10% of their value yearly. So if a yacht value is 2 millions USD, its maintenance and operations costs should be around 200K / year.

Operating a sailboat is usually 20-40% cheaper than the same size motoryacht. Motoryachts tend to be more expensive to operate than sailboats as the fuel consumption can become an important expenditure fast.

A small yacht below 50ft is usually for sale between 500K and 2,5 millions USD / €. A mid-size yacht between 50ft and 100ft is usually for sale between 2-15 millions USD / €. Above 100ft, the selling price is rarely below 10 millions USD / €.

What is a Yacht Club? Benefits & Features Explained

Buying a yacht : the frequently asked questions, you might also like.

What differentiates a yacht from a superyacht or a mega yacht?

Chartering Requirements and Regulations: A Guide for Boat Owners

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Livable Yacht

Luxury living, seamless spaces.

Live in comfort and luxury in total autonomy, and enjoy life between the sea, the sky, and the city. Dock in a metropolitan marina or anchor in a tranquil bay. There’s just something about living on the water, coming home to the light shimmering on the surface after a long day in the city. It’s an experience you’ll never forget.

Total living space : 4,350 sqft Indoor living space : 2,700 sqft Bedrooms : 4 Bathrooms : 4.5

The 456 sqft retractable terrace adds plenty of outdoor space and is surrounded by shock resistant glass railings.

The sun deck located at the stern can be immersed, turning into a sea pool.

Avant-Garde Engineering

Technical features.

ARKUP livable yachts combine the best attributes of yachts, floating houses, and waterfront villas, with the added benefits of being self-sufficient, sustainable, and environmentally friendly. The ARKUP livable yacht was conceived to be “future-proof”, from its ability to withstand or avoid extreme weather events to its self-contained systems that allow fully off-the-grid living.

Length : 75 ft Beam : 32 ft Air draft: 34 ft Draft : 5 ft

Off-the-grid Living

The 2,300 sqft roof collects the rainwater and is covered with 36 kW solar electric panels which generate sufficient green energy to live off-the-grid. Live ecologically while being self-sufficient with water and electricity. Enjoy living off the grid and feel the satisfaction of minimizing your carbon footprint.

Solar power : 36kW Battery capacity : 182kWh Water purification Water tanks : 2x 4,000 GAL

The 2,300 sqft roof is covered with 36 kW solar electric panels which generate sufficient green energy to live off-the-grid.

Rainwater is collected from the roof, then stored in the hull and purified to ensure fresh water full-autonomy.

Silent Cruising

Electric propulsion.

You are free to move your home as you want. Two noise-free electric thrusters of 136 hp each rotate 180° for the best maneuverability to propel the yacht up to 5 knots.  Thanks to the solar power and water harvesting, you can cruise silently in waterways, bays, or lakes to find the perfect spot you want to stay in for your weekend or vacation. 

Propulsion : Electric Thrusters : 2x 100 kW Cruising speed : 3 kts Max speed : 5 kts

Two noise-free electric thrusters of 136 hp each rotate 180° for the best maneuverability to propel the yacht up to 5 knots.

The helm station allows to easily navigate and manage the jack-up operating system, ballasts, battery, and tanks capacities.

Comfort & Safety

Self-lifting system.

The four 40ft long hydraulic legs allow to anchor in up to 20ft water depths and lift the livable yacht above the sea-level, avoiding any seasickness. No matter the weather conditions and high winds, surge and floods are no longer an issue thanks to this self-lifting system making you feel 100% safe and protected

Hull material : steel Hull config. : 25 compartments Spuds : 4x 40 ft  Lifting capacity : 360 Tons

The four 40ft long hydraulic legs allow to anchor in up to 20ft water depths and lift the livable yacht above the sea level.

The hull accommodates separate technical rooms for hydraulic, electrical, and water-related equipment, and storage room.

Main Specifications

• Overall length (excl. boat lift) 75 ft (23m)
• Overall beam (excl. sliding deck) 32 ft (10m)
• 5 ft draft (1.4m)
• 34 ft air draft (11 m)
• 268 Tons displacement (full load)
• 4x 40 ft-long steel spuds (customizable on demand)
• Semi-automated self-elevating operating system
• 2,400 sq ft solar panels (223 m²)
• 4,350 sq ft total space (404 m²)
• 2,700 sq ft total indoor space (251 m²)
• 1,650 sq ft total outdoor space (153 m²)
• 2 decks | 5 terraces
• 4 en-suite bedrooms (8 people)
• Waterstudio.NL | Dutch architectural design
• US Coast Guards safety and construction standards
• ABYC recreational vessel standards design
• 270 deg. panoramic views
• Bureau Veritas certified hull
• High-grade insulation
• AC healthy and soothing indoor climate
• Energy Recovery Ventilation
• 6 independent reverse AC zones
• Floor to ceiling impact resistant bay windows
• Smart house automation
• Off-grid with green energy generation
• LED lighting system indoor & outdoor
• Hurricane cat. 4 winds resistant design (155 mph)
• Deck and terraces with Esthec finishing
• 2x 100kW azimuth electric thrusters (272 hp)
• Cruising Speed 2-3 knots
• Max speed 5 knots
• Daily Range 4 to 10h / 8 up to 20 nautical miles (37 km)
• Navigation and anchor lights
• NAVIO control and display system
• Depth finder
• VHF marine radio and horn
• 8mm steel modular pontoons
• 4 ballasts (4,5 m³ each)
• 3 technical rooms 355 sq ft (33 m³)
• 7 storage rooms 590 sq ft (55 m³)
• 4,000 GAL freshwater tank (15 m³)
• 4,000 GAL black/gray water tank (15 m³)
• Rainwater purification system
• Desalination unit (optional)
• Water heater
• Marine Sewage Device (optional)
• Lithium-Ion battery up to 1,000 kWh
• DNV-GL approved Orca Energy Storage System
• Electric and hydraulic power units
• Central vacuum cleaning unit
• Underwater lighting (optional)
• 50 sq ft retractable access platform (4,6 m²)
• Double front door with a spacious foyer
• 775 sq ft living room (72 m²)
• Open concept Miele fully equipped kitchen
• Office or crew cabin with 2 berths
• Sliding wall integrating living area & office
• 9.5 ft ceiling height (2,9 m)
• 1 powder room
• Laundry with washing machine and dryer
• Trashroom with trash compactor
• 720 sq ft fixed terrace with outdoor kitchen (67 m²)
• Helm station (cover included)
• 455 sq ft sliding deck (42 m²)
• 125 sq ft sun deck with lifting platform (12 m²)
• All-around glass railing
• Boat lift (30 feet | 5 Tons max)
• Storage space
• Hidden hull accesses
• Compressed air supply in storage/trash room
• Freshwater fill cap
• Shore power plugin
• Waste pump-out deck outlet
• Boat cleats
• Direct access with stairs from the foyer
• 8.5 ft ceiling height (2,6 m)
• 1 en-suite master bedroom with walk-in closet,
• balcony, and free-standing bath
• 1 en-suite VIP guest bedroom with balcony
• 1 en-suite guest bedroom
• Master and VIP rooms equipped with king-size beds
• Automatic electric shades hidden in recessed pockets
• 2,400 sq ft solar panels | 36 kW
• Communications system
• Rainwater harvesting system
• Lightning protection system
• Fire extinguishers
• Smoke detectors
• Water leak detectors
• Video-surveillance system
• Real-time systems monitoring
• Bilge pumps
• Fenders (x4)
• 60 kW backup generator (optional)
• Backup/emergency inverter
• Emergency anchor
• Safety pool net Stern

WHAT IS THE TYPICAL USE FOR ARKUP LIVABLE YACHTS? Owners can use the livable yacht as a recreational vessel that can provide the feel and comfort of home. For investors, the vessels represent an unparalleled opportunity as seasonal or event rentals (in compliance with local regulations depending on the jurisdiction).

LIVING ON THE WATER: WHAT ARE THE WORLD TRENDS OF THIS NEW LIFESTYLE? Although Arkup’s livable yachts are vessels, they can be used as floating houses, which have become popular as housing in some parts of the world (for example, in the Netherlands, the American West Coast, and in Southeast Asia). Arkup livable yachts are “future-proof” dwellings, whose mobility and flexibility make them resilient to floods, storm surge, and sea-level rise. Used as overwater villas, they also offer a key solution to urban growth and space scarcity.

WHAT IS THE RESALE VALUE OF A LIVABLE YACHT OVER TIME? A simple, practical concept — modular, adaptable, and built to last — the Arkup livable yacht will hold its value over time.  Compared with those of a traditional yacht, the vessel’s operational expenses are limited, and its features are designed to withstand extreme weather events and changes in water level, making it the ideal home of the future.

WHAT IS THE PRICE RANGE OF AN ARKUP LIVABLE YACHT? The price of the 75-foot Arkup livable yacht starts at $3.5 M, up to $5.5 M. The vessel can be customized to the needs and taste of each client.

IS THE INTERIOR DESIGN CUSTOMIZABLE? The Arkup livable yacht can be delivered in a stripped-down version — decorator ready — or fully furnished and ready to move in. Bespoke projects can be developed to suit each client’s needs and tastes.

HOW MUCH TIME BETWEEN ORDER AND DELIVERY OF THE LIVABLE YACHT? Standard delivery time is 14 to 18 months after order confirmation and plans approval, depending on desired technology and customization.

WHERE CAN THE VESSELS BE DELIVERED? Manufactured in Miami, Arkup livable yachts are delivered via waterways to coastal areas, accessible interior lakes, and large rivers around the world (cost of delivery provided on request).

WHAT IS THE USUAL MAINTENANCE CHECKLIST? Maintenance is limited: changing filters, lubricating the hydraulic pilings, cleaning the hull, pumping out the wastewater tank, inspecting and testing safety-features inspections, washing the solar roof.

CAN ARKUP LIVABLE YACHTS BE USED AS SEASONAL RENTALS?

Arkup livable yachts can be chartered to carry as many as 12 passengers with or without a crew, operating as an Uninspected Passenger Vessel over 100 gross tons or as a Recreational Vessel — a bareboat charter — according to the U.S. Coast Guards’ safety standards and regulations.

IS THERE ANY TAX INCENTIVE FOR BUYING AN ARKUP LIVABLE YACHT? The maximum taxes levied on the sale of a vessel in the State of Florida are $18,000, including both sales and use tax and discretionary sales surtax. Although there is no direct tax incentive for purchasing a 100-percent solar-electric vessel, you will have no utility bills because the Arkup Livable Yacht generates its own power and water, and it can operate off-the-grid. The property tax does not apply to recreational vessels. The annual registration fee for an Arkup Livable Yacht is approximately $150.

WHERE CAN I LIVE WITH SUCH A VESSEL? The same kind of areas where large yachts dock: marina slips, private docks, waterfront properties, privately-owned submerged lands, or regulated anchorage.

IS IT A HOUSE OR A VESSEL IN VIEW OF LAWS AND REGULATIONS? It is a recreational vessel that must be registered and titled.

WHAT ARE THE ENVIRONMENTAL REGULATIONS FOR OPERATING AN ARKUP LIVABLE YACHT? Laws prohibit anchoring in protected areas in an effort to preserve the waters and sea bottoms. Black- and gray-water discharge must be conducted in compliance with the regulations of individual local jurisdictions.

HOW IS SAFETY ADDRESSED IN OPERATIONS? Safe operating procedures (navigation, boat lift, sliding terrace, and hydraulic pilings) are detailed in the operational manual and will be addressed during owner training. 

WHAT ARE ONBOARD SAFETY DEVICES? Glass railings and handrails, life vests, smoke detectors, sprinklers and fire extinguishers, alarms (smoke, bilge water, intrusion) and automated bilge pumps, lightning protection, CCTV cameras, and VHF are included. All alarms are connected and monitored in real-time.

WHAT TYPE OF WARRANTY DOES ARKUP OFFER? ARKUP offers 3 years on hull and superstructure, 2 years on power, jack-up, and propulsion systems, and 1 year on all items manufactured by Arkup. Accessories and components made by third parties installed by Arkup are covered by direct warranties of their own with a 12-month minimum coverage (i.e. electronic instruments, controls, accessories, air conditioning systems, appliances, windows, etc.)

WHAT ARE THE OPERATIONAL LIMITS OF THE VESSEL? The vessel is designed and engineered according to U.S. Coast Guard standards for recreational vessels in partially protected waters. The maximum anchoring depth is 25 feet (7.5 meters). The vessel is also compliant with the MCA LY3 Short Range Yacht stability criterion (waves < 1.83m/6 ft ; wind < 16kts).

WHAT DOES “HURRICANE-PROOF” MEAN? The Arkup livable yacht structure and anchoring system are designed to resist high winds of as much as 156 miles per hour, or 250 kilometers per hour — equivalent to a Category 4 hurricane. The vessel can be completely lifted out of the water to safeguard from storm surge. Hurricanes are predictable storm events, allowing enough time for owners to sail to a safe harbor or a protected area. The livable yachts are not made to stay in deep waters and exposed areas.

ARE ARKUP LIVABLE YACHTS CUSTOMIZABLE? The vessels are fully customizable on-demand and can incorporate anything the customer would like to include.

IS THERE A THERMIC ENGINE BACKUP FOR THE 100-PERCENT ELECTRIC MODEL? A diesel generator can be added upon request to increase range, but existing electric engines provide enough power to propel the vessel and navigate safely.

CAN YOU BOOST THE POWER OF THE ELECTRIC THRUSTERS? Yes. The two 136-horsepower thrusters can be upgraded. We can also boost electric-energy production and storage depending on the client’s needs.

WHAT HOME-AUTOMATION TECHNOLOGIES ARE INCORPORATED INTO THE ARKUP LIVABLE YACHTS? An Arkup livable yacht features state-of-the-art smart technologies and offers maximum living comfort by enabling the control of temperature, lights, electric shades, sound system, video surveillance, etc., remotely and monitored in real-time, providing the user with information on battery life and water-tank capacity, as well as overall energy generation-consumption ratios.

HOW DOES ARKUP LIVABLE YACHT FLOAT AND NAVIGATE? Flotation is ensured by Archimedes. Our livable yacht is equipped with two 136-horsepower (100-kilowatt) electric thrusters that rotate 180 degrees, allowing smooth navigation and maneuverability.

WHAT ABOUT COMMUNICATIONS AND ACCESS TO NETWORKS? Arkup livable yachts are equipped with long-range, high-speed internet and VHF. Satellite television and navigation systems are optional.

WHAT ARE THE MAIN ADVANTAGES OF THE ELECTRIC THRUSTERS? Cruising is silent and does not pollute the water; electric propulsion does not generate noise, smoke, or fumes and reduces vibrations disturbing marine life.

WHAT ARE THE MAIN SPECIFICATIONS OF THE VESSEL? 300 tons weight, 75×32 feet, 5-foot draft, 34-foot air draft, average speed 3knots with a max of 5-knot. The 8-millimeter steel hull is composed of 28 watertight compartments.

WHAT ARE THE SUSTAINABLE MATERIALS AND TECHNOLOGIES INCLUDED ONBOARD? Arkup livable yachts offer Low-e consumption design and materials as well as equipment for solar-energy generation and battery storage. Also included, are the systems for rainwater harvesting, water purification and storage, wastewater management, energy recovery, and ventilation.

WHAT IS THE MAXIMUM POWER GENERATION AND STORAGE CAPACITY? 36 kW of power generation from the solar roof and as much as one megawatt-hour of power storage ensure more than enough energy to operate the boat engines and livable features. The vessel can cruise 4 to 10h / 8 up to 20 NM, depending on the sun and time in the day.

ARE THE BUILDING MATERIALS ECO-SOURCED? Conception and design are eco-friendly. Sustainable and green materials are incorporated into the design as much as possible.

IS THE VESSEL 100-PERCENT SELF-SUSTAINING? Yes, it is. The vessel is zero-emission, carbon-neutral, energy-positive and collects rainwater, and treats it for onboard use.

WHY OFFER SUSTAINABLE OFF-GRID LIVABLE YACHTS? We strive to offer an alternative lifestyle to preserve the environment by avoiding fossil fuels. Our vessels and housing solutions are resistant to storm surges and hurricanes.

WHAT ARE THE HYDRAULIC PILINGS USED FOR? The automated hydraulic system ensures that the vessel is anchored and leveled in waters as deep as 20 feet (6 meters) and also enable lifting the vessel entirely out of the water for comfort and safety.

WHAT ABOUT MOTION SICKNESS ONBOARD? The stability provided by the hydraulic anchoring system is designed to avoid the movement that can cause motion sickness: This makes the Arkup overwater villas as comfortable as a house on the land.

CAN I GO FROM MIAMI TO KEY WEST, TAMPA, OR EVEN NEW YORK? Yes you can, depending on weather, which determines the daily range capacity (up to 8 hours / 20 NM).

ARE THERE ANY SPECIFIC REQUIREMENTS TO OPERATE THE FULLY-ELECTRIC POWERED VESSEL? It requires the same boating experience as any other similar-sized recreational vessel. Thorough training and an extensive manual are provided to all customers. The owner can also hire our certified captains.

HOW MANY GUESTS AND CREW CAN STAY ON THE BOAT WHEN CRUISING OR AT ANCHOR? The Arkup livable yacht can accommodate six to eight people comfortably overnight. The livable yacht can operate as a recreational vessel with a limit of55 passengers (life vests required) or as charter vessels carrying as many as 12 passengers, according to the U.S. Coast Guard’s safety standards and regulations.

CAN I USE AN ARKUP LIVABLE YACHT AS A MOBILE BEACH HOUSE IN THE BAHAMAS OR SOMEWHERE ELSE? Yes, owners of foreign-registered boats (including the U.S.) may keep their vessels in the Bahamas (for instance) for one year without paying duty and may extend the one-year stay for two years by paying a fee of $500. The initial entry fee is $300 to clear Bahamas Customs and Immigration and to obtain a cruising permit. After two years, the vessel would have to depart the Bahamas for one month before applying for a new cruising permit.

HOW TO RECEIVE MAILS, PARCELS OR DELIVERIES? Marinas can provide concierge services or a mailbox or rent a slot at a local Post Office.

DOES THE VESSEL NEED A CAPTAIN TO OPERATE? With adequate boating experience, operating an Arkup Livable Yacht is relatively easy with the training provided by Arkup. A license and safety certification may be required locally.

WHAT KIND OF LICENSE AND INSURANCE ARE NEEDED? Arkup livable yachts are registered and insured as pleasure boats. To operate them, most U.S. states require a driver’s license and boating safety certification for recreational use. For other countries, Arkup can assist you.

CAN WATER SLIDES AND OTHER TOYS BE ADDED? Arkup livable yachts provide plenty of storage space for toys and recreational items. Make the ocean your playground!

HOW IS DISPOSAL OF SEWAGE AND WASTEWATER MANAGED ONBOARD ARKUP LIVABLE YACHTS? Vessel operators are required to retain their sewage discharges on-board for disposal at sea (beyond three miles from shore) or onshore at a pump-out facility. Black and gray waters are stored in a 3,700-gallon (14-cubic-meter) holding tank before being pumped out at either a marina or by a vessel designed to pump out waste. There are other options, such as using an approved U.S. Coast Guard Marine Sanitation Device (MSD) and then discharging within 3 miles offshore according to Clean Water Act regulations.

HOW LONG CAN THE LIVABLE YACHT REMAIN OFF-THE-GRID (WITHOUT POWER AND WATER)? Arkup livable yachts can remain off-the-grid all year long depending on the weather (sun exposure/rainfall) in tropical regions. Without any sun to charge the batteries, a full charge can provide electricity for all household needs for two to three days (without navigation).

The 4,000-gallon fresh-water tank ensures two weeks of self-sufficiency for six people without harvesting any rainwater. If needed, the vessel can connect to shore power to refill the freshwater tank (or add an optional water-maker).

IF I CHOOSE TO LIVE OFF-THE-GRID ON AN ARKUP LIVABLE YACHT, HOW DO I GET TO SHORE? There are many easy options. You can use a tender boat to get to shore via authorized public or private docks, or by renting a slip in a marina where you can dock while you’re on land. There are also many types of amphibious vehicles now available, making it possible to access land through a public boat ramp. Local companies offer water taxi services. Arkup also partners with ILandMiami (www.ilandmiami.com) to provide access by seaplane or helicopter.

WHAT IS THE APPROXIMATE OPERATING COST OF AN ARKUP LIVABLE YACHT?

The cost is much less than a yacht of equivalent size (the annual operating costs of a yacht are typically 10 percent of its value). Compared with a traditional house, the maintenance is roughly equivalent — there is no garden or swimming pool to maintain, but the livable yacht must be cleaned regularly. If the livable yacht is docked in a marina, the slip rental costs will generally be considerably lower than the property taxes on similar waterfront property. The hull can be easily inspected, washed, and maintained when the livable yacht is lifted above the waterline.

HOW ARE TRASH AND GARBAGE HANDLED ONBOARD?

Arkup livable yachts have a dedicated trash room equipped with a trash compactor and recycling bins. The compacted trash is disposed of ashore at public garbage facilities or marinas (a composter for organic waste is optional).

Luxury Lifestyle Partners

Order arkup 75, arkup avant-garde life on water.

(+1) 305-707-4164 | [email protected]

1801 NE 123rd Street, Suite 314 North Miami, FL 33181(USA)

How Much Does a Yacht Cost? The Average Prices and Costs of Yachts

The UK has a long, rich maritime history and, as such, the yachting industry thrives in this country. Sailing is a popular hobby or pastime for many people, and for others it’s very much a lifestyle.

If you’re in the latter category, you might be looking to buy your own and be contemplating the cost of a yacht. There’s a huge variety of vessels available – from motor yachts to a sporting yacht – and the sheer amount of choice and variety of yacht sizes can seem bewildering.  There are also a number of additional costs to consider, such as  yacht insurance . This is something we can help you with at Admiral Marine.

The Average Price of a Yacht in the UK

While yachts are often regarded as synonymous with luxury, in reality they come in a startling range of sizes, designs, and prices. The average cost of buying a yacht in the UK varies considerably, according to a number of factors.

Whether you’re looking to buy a used vessel or a brand-new yacht, as well as the size and type of yacht you want, will all partly determine the price you’ll pay.

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How Much is a Small Yacht?

At the cheaper end of the market, you should expect to pay a minimum of £10,000 for a small sailing model which will be functional but modest, with the price rising to £50,000 or more for a new, more sophisticated, motorised yacht.

If you’re looking for something more spacious with a range of additional features, mid-range yachts in the UK are often priced between £50,000 and £500,000. These boats may come with more advanced navigation equipment, refined interiors, and extra amenities. These are more suitable for experienced sailors who are prepared to spend more on their passion.

Larger, motor-driven yachts will set you back hundreds of thousands of pounds. For example, a new 50-foot yacht costs upwards of £200,000, whereas a 70-foot yacht or 100-foot yacht will set you back anywhere from £1 million to many times that sum.

How Much Does a Super Yacht Cost?

In terms of top tier yachts – or “super yachts” – these can cost millions or even tens of millions of pounds and upwards. These vessels are often enormous (ranging from 120 feet to 300 feet in length). They epitomise luxury and may have multiple decks, along with swimming pools, helipads and sophisticated entertainment facilities.

Additional Costs and Maintenance

While the upfront cost of buying a yacht is substantial, there are a number of supplementary fees that apply to yacht ownership. You can expect to pay between 5% and 10% of the yacht’s initial purchase price on such annual costs. Here are a few to consider:

• Insuring your yacht is essential and the price will vary according to its value, its size and its intended function. We can provide insurance for a variety vessels, including  sailing yacht insurance and motor boat insurance . Contact us now to receive a  bespoke quote .
• Maintaining your yacht. Additional costs might come in the form of engine servicing or repairs.
• Finding the right place to dock your yacht is crucial and can be expensive, particularly in popular marinas. Annual mooring fees vary considerably depending on the location and the size of the vessel.

Owning a yacht is an aspiration for many people, but it’s important to bear in mind the costs associated with buying one.

You should begin your search having already established a rough budget, the size of the vessel you’d like to purchase and what you’ll principally be using it for. Otherwise, the yacht market can seem overwhelmingly diverse, making it difficult to choose the right model for you.

What is the average price of a yacht?

The average price of a yacht in the UK is difficult to determine due to the variety on offer. A yacht can cost anywhere from around £10,000 to several million pounds before you start to get into super yacht territory. That said, a mid-sized sailboat should cost you between £50,000 and £100,000.

What is the price of a luxury yacht?

The price of a luxury yacht depends on whether you’re looking for a high-spec sailing vessel or a “super yacht”. For the former, the price will be upwards of £1 million, while the latter could exceed £100 million.

How much does a yacht cost to rent?

The cost of renting a yacht varies enormously, depending on what sort of vessel you’re looking for. A mid-sized motorboat or sailing yacht costs around £400 – £1,600 per day, while a much larger, luxury yacht could easily cost around £10,000 per day.

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If you wish to register a complaint, please contact the Compliance and Training Manager on  [email protected] .  If you are unsatisfied with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS).  The FOS website is  www.financial-ombudsman.org.uk

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The Price Tag of Luxury: How Much Does a Yacht Cost?

In the realm of luxury living, only a few icons symbolize the epitome of luxury and adventure, like a majestic yacht. However, one question stands. How much does a yacht cost? A diverse array of styles, sizes, and amenities can be found on luxury yachts. Therefore, the cost of owning one can vary significantly.

Fortunately, there is a general method of evaluating the cost of purchasing and maintaining a yacht. Yacht Management South Florida, Inc. We are renowned for delivering the best yacht management services across South Florida.

Our expert team has years of experience in the industry, providing reliable and accurate information for anyone looking to enter the yachting world. We have crafted a comprehensive guide to streamline and understand the total costs of yacht ownership. 

How Much Does It Cost to Buy a Yacht?

As mentioned previously, the cost of a yacht varies depending on many factors, such as size, brand, age, and condition. Yachts can come in a wide range of sizes, from vessels under 40 feet to superyachts that exceed 100 feet in length. Yachts th

at are smaller in size can be purchased for a few hundred thousand dollars, making them more affordable for first-time boaters or those with a smaller budget for their recreational boat. Vessels that exceed 100 feet tend to cater more towards the boating elite, and the cost can reach millions of dollars due to the extensive craft and luxury. 

In addition to the initial cost of a yacht, prospective yacht owners must keep in mind the ongoing expenses of owning a boat, including: 

• Maintenance
• Crew salaries
• Dockage fees
• And more These operational costs can vary significantly depending on the size of the vessel. Still, the rule of thumb is to estimate 10% to 20% of the yacht’s purchase price to operational maintenance costs annually. 

How Much Is a 100-Foot Yacht? A 100-foot yacht is the ultimate epitome of luxury in the yachting world. Any vessel above 100 feet offers unparalleled space, comfort, and features to provide a supreme escape out to sea. However, such luxury comes with great responsibility and a hefty price tag. On average, a luxury superyacht can cost tens of millions, especially for a reputable yacht manufacturer. Remember, these prices for more lavish and technologically advanced yacht models can drastically increase.

Yacht Maintenance Costs Effectively maintaining a yacht, specifically in a maritime haven like South Florida, entails various maintenance tasks such as yacht hull painting, fiberglass yacht repair, and gelcoat blister repair. Yacht owners must budget themselves accordingly for routine yacht upkeep, repairs, and cosmetic enhancements. Regular maintenance is imperative for South Florida yacht maintenance to preserve your vessel’s longevity due to the salty air and warm climate. As yacht costs vary, yacht maintenance costs can also fluctuate depending on a vessel’s specific needs.

 Ensuring that you prioritize basic yacht upkeep tasks is essential for keeping your boat in top-notch condition. 

Our South Florida Yacht Management Services Understanding the cost of a yacht is important, but being aware of the costs associated with yacht maintenance is equally important for yacht owners. Yacht Management South Florida, Inc. is prepared to assist yacht owners in understanding the crucial yacht maintenance services their yacht requires.

Contact us today to learn more about how we can tailor our services to meet all of your yacht maintenance needs and have peace of mind that your vessel is in expert hands. 

Related Readings: Breaking Down Our Yacht Management Services in Fort Lauderdale Maintaining a Clear Coat for Fiberglass Boats

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The Cost of Owning a Yacht: A Detailed Breakdown

• by yachtman
• August 26, 2023 June 22, 2024

Yachting is a luxury and exciting experience. But have you ever thought of the cost of owning a yacht ? Let’s take a dive into the details and explore the financial part of owning a yacht.

As you start your yachting journey, there are various costs to keep in mind. The purchase price of a yacht can range from hundreds of thousands to millions , depending on its size, brand, and features. Plus, there are annual maintenance charges to keep the yacht in tip-top condition. These include insurance fees, dockage fees, regular maintenance and repairs, and crew salaries if you hire one.

Fuel consumption is also a major expense for yacht owners. The bigger the vessel, the more fuel it needs to sail the waterways. Fuel prices change all over the world and can affect your budget significantly.

You also have to think of mooring or berthing fees . They depend on your location and whether you want marinas or private docks. Marinas with great facilities usually cost more than basic dockage options.

Pro Tip: Make a thorough budget, including the initial purchase cost and ongoing expenses like maintenance, fuel, insurance, and berthing fees. By planning in advance and considering all costs of owning a yacht, you can avoid any financial surprises.

Owning a yacht is a luxurious and prestigious thing. But, it’s important to be aware of the financial commitment. With proper preparation and a good budgeting plan, you can enjoy your yachting trips without worrying about money.

The allure of yacht ownership

A yacht is alluring. People from all walks of life are drawn to the promise of luxury, adventure, and escaping land. What makes yacht ownership so tempting? Here are 6 points:

• Explore: With a yacht, you can explore the beauty of untamed waters. From coves to islands, it’s a world of opportunity.
• Status: Yacht ownership symbolizes success and affluence. It grabs attention.
• Comfort: Yachts are designed for ultimate comfort for owners and guests. Cabins and amenities make it luxurious.
• Adventure: Owning a yacht opens up thrilling experiences – like deep-sea fishing and water sports.
• Privacy: Aboard your own yacht, you can escape the world and enjoy privacy. It’s a sanctuary.
• Memories: Host unforgettable parties or share intimate moments with loved ones against a stunning ocean backdrop.

Yacht owners have the chance to customize their vessel. Plus, there are networking opportunities and investment potential. But remember – maintenance, crew salaries, and fuel expenses can add up quickly. Think about your financial abilities before taking the plunge.

The initial purchase cost

To understand the initial purchase cost of owning a yacht, let’s delve into the factors that influence the cost. Additionally, we’ll explore the average price ranges for different yacht types. This will provide you with a comprehensive breakdown of the expenses involved in becoming a yacht owner.

Factors that influence the cost

Different elements can hugely vary the cost of a purchase. Materials, production techniques, transport expenses and extra features or customizations can all affect it. Businesses must take this into account to accurately work out the initial cost and make wise decisions.

To better understand these elements, let’s look at this table:

By studying this, firms can figure out what elements are important for the cost. This allows them to choose appropriate pricing and financial planning.

Other details can also influence the purchase cost. These may relate to the demand for a product, currency exchange rates or laws in different countries. Companies must be aware of these things to adapt their pricing strategies and make profit.

It is clear that careful evaluation is necessary to make informed business decisions.

Size and type of yacht

The size and type of a yacht is a key factor in its purchase price. Here’s a table with examples :

Other details, like engine power, fuel capacity and navigation systems can greatly affect the initial cost and long-term expenses.

Believe it or not, yachts have been used for leisure since ancient times – evidence from ancient Egypt! (source: maritimehistory.org)

Brand and quality

Brand and quality have a big impact on the initial purchase cost. Reputable brands with good reliability can be pricier, but they often offer better durability and performance , which can save money over time.

Take a look at this table:

Higher quality products from reliable brands are more expensive . They invest in research, development, and manufacturing to ensure their products meet high standards.

Low-quality brands may be cheaper, but they often come with poor durability and performance . Eventually, the frequent replacements or repairs can make them more expensive in the long run.

To decide on the right brand and quality, consider these tips:

• Read customer reviews : Check what other customers have said about the product before buying it. This will give you an idea of its durability and performance.
• Compare prices : Look at different brands offering similar products. You may find some less popular brands that offer great quality at a lower price.
• Think long-term costs : Think beyond the initial purchase cost and look at factors such as warranty coverage, maintenance requirements, and potential repair costs. Spending more on a higher-quality brand may save money in the future.

It all comes down to finding the balance between upfront costs and long-term value. Research the product and consider all aspects of performance to make a decision that fits your budget and quality expectations.

Features and customization

Features and customization have a big role in the initial cost. These things decide the product’s functionality and how well it fits a person’s needs.

• Features: A product with lots of features can make it more valuable. Customers are often willing to pay more for products with new and interesting features like tech, better performance, or extra functions.
• Customization: Being able to change a product to what people want is appreciated. Customization lets people adjust the product to their needs, leading to more satisfaction and loyalty. It includes things like color choices, design variations, and personalized settings.
• Flexibility: Products that let people switch features and customize are popular. Flexibility lets users change the product as their needs change, so they don’t have to buy a new one or upgrade. This adds more value and lowers costs.

Research has also shown that features and customization affect customers’ buying choices (Smith et al., 2020). Companies can use this information to create products that match what people want while still making a profit.

Average price ranges for different yacht types

Considering buying a yacht? It’s useful to know the average prices of different types. Check the table below to get an idea:

Keep in mind these are just general ranges. They could vary depending on size, age, brand, and features. That’s why you should factor in these things when deciding the cost. In addition to the purchase cost, there are other expenses such as maintenance, fuel, insurance, docking, and crew wages. Make sure to budget for these too. To make the best of your investment, here are some tips:

• Research: Take your time to investigate different yachts and their costs.
• Consider pre-owned: Buying used can be more affordable. But get it checked by a surveyor first.
• Budget: Plan for ongoing costs. Have a clear understanding before buying.
• Consult: Speak to experienced brokers or yacht owners. They can offer advice and help pick the right yacht.

By doing this, you can manage the purchase cost and later expenses better. That way, you’ll have a pleasant yacht ownership experience without any unpleasant surprises.

Ongoing expenses

To manage the ongoing expenses of yacht ownership, you need to consider various factors. This includes maintenance and repairs, docking and mooring fees, insurance and registration fees, crew and staffing costs, as well as fuel, maintenance, and other operating expenses. By understanding these sub-sections, you can better plan and budget for the financial obligations that come with owning a yacht.

Maintenance and repairs

Regular maintenance is key to preventing breakdowns, reducing downtime, and avoiding costly repairs. Timely inspections can help spot potential issues before they worsen. A tailored preventive maintenance schedule can help reduce unexpected breakdowns and extend asset life. Investing in quality materials for repairs results in more durable fixes and fewer recurring issues.

Maintenance not only saves money but also promotes a safe working environment. It reduces the risk of accidents and helps comply with safety regulations.

To optimize processes:

• Create a maintenance plan that fits your specific needs and requirements. This includes scheduled inspections, routine servicing, and protocols for handling repairs.
• Train employees on proper equipment handling and basic troubleshooting. This can prevent major breakdowns or delays.
• Establish relationships with reliable suppliers who offer quality parts at competitive prices. Having access to replacement components quickly can minimize downtime during repairs.
• Outsource certain maintenance tasks to specialized professionals who have the expertise for complex repairs or intricate machinery.

By approaching maintenance and repairs proactively, you can reduce risks, costs associated with extensive damage, minimize downtime, enhance workplace safety, and extend asset life.

Docking and mooring fees

Ongoing costs for a boat? Unavoidable. One of these expenses is docking and mooring fees . These fees pay for securing your boat at a marina or dock. Plus, you get essential services.

Let’s check out the costs:

• Annual Contract Fees: Get 1-10k per year from marinas for annual contracts. It depends on the size of the boat and the marina’s location.
• Daily or Weekly Rates: Short-term stays or occasional trips? Marinas offer daily or weekly rates. Varying prices, depending on season, location, and amenities.
• Extra Services: Some marinas have extra services for extra fees. This could include electricity, water, Wi-Fi, laundry, showers, waste disposal, and security.
• Seasonal Discounts: Marinas offer discounts during quieter months. This could save you a good chunk of cash if you plan your trips well.

But remember, certain locations have restrictions which could affect availability and fees. A sailor I know once visited a coastal town. He found out that the marina had recently doubled their fees due to peak summer demand! That was an expensive lesson in researching local rates.

These fees are important to manage expenses. Stay informed about costs and make informed decisions. Then you can enjoy your boating without it hitting your wallet too hard.

Insurance and registration fees

Insurance: Car insurance is necessary when owning a car. It offers financial protection in case of accidents, theft, or damage. Your premiums depend on driving history, age, car type, and coverage options.

Registration fees: Registering your vehicle is essential. This involves paying a fee for road maintenance and costs. The fee varies based on the vehicle, value, and local regulations.

Renewal frequency: Both insurance and registration fees need to be refreshed often. Insurance usually lasts a year or less, while registration fees may be yearly or bi-yearly. Remembering renewal dates is key to avoid gaps in coverage and fines.

Cost-saving measures: Compare quotes from different providers, go for higher deductibles, or bundle multiple vehicles together to reduce insurance costs. Look out for discounts and incentives to save money on registration fees.

Pro Tip: Review your insurance periodically. Reassessing your needs can lead to savings without weakening protection.

Crew and staffing costs

The table below outlines the breakdown of crew and staffing costs:

This data showcases the amount spent on salaries, benefits, training and uniforms . Investing in staff is vital to the success of an organization.

Cost-saving measures can be implemented without compromising quality. Job analyses can help identify roles that can be merged or outsourced. Additionally, training programs can be optimized to equip staff with necessary skills.

Organizations must aim to strike a balance between financial prudence and employee excellence. Doing so supports operational success and values the contribution of all individuals.

Fuel, maintenance, and other operating expenses

Let’s take a look at the breakdown:

• Fuel costs $500,
• maintenance $300,
• operating supplies $200,
• insurance $150,
• and licensing fees $100.

All this adds up to $1,250.

Fuel can be a large expense for transport-based businesses. Maintenance keeps equipment running. Operating supplies, like stationery and raw materials, are needed daily. Insurance and licenses protect your business.

The amounts may differ depending on your business and industry standards. You should keep track of these items for budgeting and cost reduction. Monitor these figures to stay financially stable and to grow your business. Keep an eye on fuel, maintenance, and other operating costs – they affect your bottom line. Proactively assess these expenses to ensure your success!

Hidden costs and unexpected expenses

To better navigate the hidden costs and unexpected expenses associated with owning a yacht, equip yourself with knowledge about depreciation and resale value, upgrades and renovations, taxes and legal considerations, as well as safety and security measures. These sub-sections offer valuable insights that will help you make informed decisions and mitigate potential financial surprises.

Depreciation and resale value

Check out the table below. It shows the decrease in a vehicle’s resale value caused by depreciation.

It’s clear that depreciation leads to financial losses. Don’t forget to consider other factors too like mileage, maintenance history, and market demand.

Let me give you an example. My friend sold his 1-year-old car that he bought for $30k . But he only got $24k for it. That’s a big drop in value in just a year. He was not expecting that extra expense.

Upgrades and renovations

Unexpected costs in Upgrades and Renovations can shock any homeowner. To make sure you enjoy your dream home without any financial worries, prepare a special emergency fund for unplanned expenses. Ready for surprises? Then you can have peace of mind during the renovation process.

Structural issues, fluctuating material prices, contractor delays, permit fees, fancy finishes and appliances, and hidden complications behind walls can all unexpectedly drive up costs. Be wise and set aside some money – you’ll be prepared to tackle any surprise!

Taxes and legal considerations

Let’s delve into a table that shows key points on taxes and legal considerations:

Legal compliance means following the laws.

Each jurisdiction has different rules on taxation and legal requirements. It is important to know the nuances. John , a self-employed person, found this out the hard way. When he started selling handmade crafts online, he didn’t understand his tax obligations.

John was surprised when he got a notice asking for backdated tax. He hadn’t accounted for income or sales tax from his online transactions. This cost him expenses and stress. This story reminds us how essential it is to be educated on taxes and legal considerations.

Safety and security measures

Conducting regular risk assessments is necessary. Identify risks, assess them and figure out the level of harm they may cause. This will help ward off potential vulnerabilities.

Robust access control systems must be set up. This will limit access to authorized personnel only. Technologies like biometric authentication or RFID cards can take security to a higher level.

Emergency response plans and procedures are a must. Train employees about evacuation protocols. Also, set up communication channels and rehearse drills often. This will help to reduce harm and disruption.

Moreover, safety audits can be done to check safety measures and find areas for improvement. Independent professionals usually carry them out. They look into compliance with standards and best practices.

Financing and ownership options

To better understand financing and ownership options for yachts, delve into the following sub-sections: buying outright, fractional ownership, and chartering and rental opportunities. Discover how each solution offers a unique approach to yacht ownership, giving you the flexibility to choose the option that aligns with your needs and preferences.

Buying outright

No installment plans? No problem!

Immediate ownership, without a worry of interest or financing terms.

This can be great for those with the funds to buy outright.

But, remember! Carefully consider your budget and ensure enough funds for other essential expenses.

Fractional ownership

Plus, fractional owners get other special privileges like access to exclusive amenities, potential tax benefits, and the reward of capital appreciation. These extra perks heighten fractional ownership’s overall appeal as an investment.

Pro Tip: Before entering any fractional ownership agreement, be sure to carefully review all legal paperwork and consult a financial advisor who is an expert in this field. This makes sure that you understand your rights, duties, and all the potential risks linked to such investments.

Chartering and rental opportunities

Here’s a breakdown of some key points about chartering and rental opportunities:

Opportunity: Boat Charter.

Description: Cruise the open seas with friends or family on a rented boat.

Opportunity: Car Rental.

Description: Rent a car that fits your needs and travel easily.

Opportunity: Vacation Home Rental.

Description: Get the comforts of home while in a new place.

Opportunity: Equipment Leasing.

Description: Gain access to specialized equipment for business operations.

The flexibility of these opportunities means you can try them out before committing. Plus, no need to worry about maintenance or ownership costs.

Pro Tip: Read the terms and conditions before entering any rental or charter agreement, to make sure you know your rights and responsibilities.

Other considerations

To make informed decisions about yacht ownership, you need to consider several other factors. In order to address “Other Considerations,” such as yacht clubs and memberships, location and cruising grounds, as well as lifestyle and time commitment. Let’s delve into these sub-sections to get a complete understanding of these additional aspects.

Yacht clubs and memberships

Yacht clubs provide lots of advantages. These include:

• Access to top-notch marinas with modern amenities.
• Chances to cruise with other enthusiasts, creating friendship.
• Invites to regattas and special events hosted by the club.

Members also get benefits such as:

• Coaching and training for those who are starting out or want to improve.
• Social gatherings like themed parties, galas, and networking evenings.
• Discounts on boat rentals and charters.

Some yacht clubs are special, with a link to maritime history. They are living reminders of the past and help people make connections with others who share their love for sailing. An example is the Royal Yacht Squadron in Cowes. Founded in 1815 with a royal warrant from King George IV , it hosts races like Cowes Week . Here, sailors from around the world come together to be part of sailing history.

Location and cruising grounds

Sailing on your journey? Greece’s sun-kissed coasts and islands have a rich history and charm. Or feel the Caribbean’s warm embrace, with coral reefs waiting to be explored. Each place offers lots of exciting things for sailing lovers.

Weather, facilities, and rules matter too. In the Mediterranean, ‘Meltemi’ winds can be tricky even for pros. While in Pacific Northwest, rain showers can surprise you.

I sailed across the South Pacific and found French Polynesia. Crystal-clear lagoons and vibrant marine life filled me with wonder. A pod of playful dolphins left me breathless. There are so many wonders to explore in the seas!

Picking a place for sailing is hard, but it’s worth it. Let the wind take you to a unique adventure.

Lifestyle and time commitment

Leading a fulfilling life and managing time well are essential when considering any commitment. There are several factors to keep in mind that can affect your experience. Here’s what to consider:

• Flexibility is key: Before you commit, think about if the lifestyle and time needs match your flexibility. Some require more rigid schedules, while others have more freedom. Knowing your availability and likes helps make sure it’s a good fit.
• Prioritization is important: Everyone has unique priorities. Check how the commitment matches your other obligations and goals. Prioritizing activities by importance and impact helps you use time wisely and avoid feeling overwhelmed.
• Mindful self-care: Commitments can be great, but don’t forget to take care of yourself. Make sure you have time for rest, relaxation, and renewal. Self-care practices can help you be productive and stay well.

Remember, everyone’s lifestyle and time management needs are different. Some thrive with structure, others with more flexibility. Find what works for you.

When considering commitments, find people or mentors who have dealt with them before. This can give you helpful insights for making the best lifestyle choices.

To manage lifestyle and time commitments:

• Prioritize tasks, deciding which are essential and which are lower priority.
• Establish boundaries and learn to say no when needed. This helps protect your time and stops overcommitment.
• Use time management techniques and tools. Calendars, planners, and apps can help you schedule, remember, and track progress.

Owning a yacht is an indulgence requiring thought. Let’s recap the principal points of this article:

• Acquiring a yacht has initial expenses like the purchase cost, taxes, and registrations.
• Maintenance and repairs can be costly, from regular cleaning to engine work and hull upkeep.
• Berth fees depend on the marina and location.
• Insurance coverage is essential for yachts.

Also, owning a yacht lets you experience unique leisure and exploration. Contrastingly, chartering or fractional ownership may be better for those not wanting a full financial commitment.

For cost-effectiveness, these tips are helpful:

• Look for dealers with good prices.
• Think about joining yacht clubs or shared ownership.
• Create a budget for expenses like maintenance, insurance, mooring fees, fuel, and crew salaries.
• Check the market value for your yacht to see if upgrading to a newer one is more economical in the long run.

By using these recommendations, individuals can own a yacht without breaking the bank, while still enjoying its luxuries.

Additional resources and references

Five key points to factor in when understanding the cost of yacht ownership are:

• Yacht ownership cost calculators . These online devices can help gauge the various expenses that come with owning a yacht. Maintenance, fuel, insurance, and docking fees can all be estimated.
• Boat finance companies . If you’re looking for a loan to purchase a yacht, these firms can provide information on interest rates and repayment plans.
• Yachting forums and communities . Connecting with experienced yacht owners can be a great way to get maintenance tips, cost-saving strategies, and recommended service providers.
• Industry publications . Magazines and websites that focus on yachting offer useful articles and features about buying guides, model reviews, and expert advice.
• Yacht brokers . Brokers can assist with the purchase or sale of a yacht. They have knowledge of market trends, pricing dynamics, and legal procedures.

Marinas can also offer educational programs or seminars to yacht owners. These cover navigation, safety, and maintenance practices.

Pro Tip: Prioritize resources that cater to your needs and circumstances when researching about yacht ownership costs. This will make sure you get relevant info.

Frequently Asked Questions

Q: How much does a yacht cost?

A: The cost of a yacht can vary greatly depending on various factors such as size, brand, age, and amenities. On average, a new yacht can cost anywhere from $100,000 to several million dollars.

Q: What are the ongoing expenses of owning a yacht?

A: Owning a yacht comes with several ongoing expenses, including docking fees, insurance premiums, maintenance costs, fuel expenses, and crew salaries (if applicable). These costs can add up to a significant amount each year.

Q: Are there any hidden costs associated with yacht ownership?

A: Yes, there can be hidden costs associated with yacht ownership. These can include unexpected repairs, upgrades, and replacements for various yacht components. It is important to budget for these potential expenses.

Q: How much should I budget for annual maintenance and repairs?

A: A good rule of thumb is to budget around 10% of the yacht’s value for annual maintenance and repairs. However, the actual amount can vary depending on the yacht’s age, condition, and usage.

Q: What are the financing options available for purchasing a yacht?

A: There are various financing options available for purchasing a yacht, including yacht loans, leasing, and fractional ownership. It is advisable to consult with financial institutions specializing in yacht financing to explore the best option for your specific needs.

Q: Are there tax implications associated with yacht ownership?

A: Yes, there can be tax implications associated with yacht ownership. These can include sales tax, property tax, and income tax. The specific tax regulations vary depending on the country and state. It is recommended to consult with a tax professional familiar with yacht ownership to understand the applicable tax laws.

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Inside the luxury Bayesian superyacht as Brits missing from boat sunk after tornado

The Bayesian was known for its single 75-meter (246-feet) mast, one of the world’s tallest made of aluminum and which was lit up at night, just hours before it sank

• 20:05, 19 Aug 2024

The £30million luxury Bayesian superyacht that sank off Sicily leaving one person dead and six others missing was just around 700 metres from the harbour before tragedy struck.

British tech magnate Mike Lynch and several other people were among those missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived.

Mr Lynch , who was acquitted in June in a huge US fraud trial, was among the six people who remain unaccounted for after their sailboat sank off Porticello, when a tornado over the water known as a waterspout struck the area overnight, said Salvo Cocina of Sicily’s civil protection agency. One body has been recovered, and police divers were trying to reach the hull of the ship, which was resting at a depth of 50 meters (163 feet) off Porticello, near Palermo, where it had been anchored.

It had a crew of 10 people and 12 passengers, the Italian coast guard said. A sudden fierce storm had battered the area overnight, and struck the place precisely where the 56-meter (184-foot) British-flagged Bayesian had been moored. The luxury superyacht is said to have a 75m (246ft) long mast.

“They were in the wrong place at the wrong time,” said Cocina, noting that another superyacht nearby wasn’t as badly damaged and was able to rescue some of the 15 survivors, including Lynch’s wife Angela Bacares. The crew and passengers hailed from a variety of countries: In addition to Britain, passengers and crew were from Antigua, France, Germany, Ireland, Myanmar , the Netherlands, New Zealand and Spain.

The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate 12 passengers in four double cabins, a triple and the master suite, plus crew accommodations, according to Charter World and Yacht Charters. It had an initial asking price of £30million.

The vessel, which previously was named Salute when it flew under a Dutch flag, featured a sleek, minimalist interior of light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions and photos on the charter sites.

The Bayesian was known for its single 75-meter (246-feet) mast, one of the world ’s tallest made of aluminium and which was lit up at night, just hours before it sank. Online charter sites list it for rent for up to 195,000 euros (about $215,000) a week. The Bayesian was awarded the best exterior styling at the 2009 World Superyacht Awards.

Witnesses have said the vessel was still at anchor in front of the port of Porticello when the tornado struck and the storm broke the large sail mast which is believed to have led the boat to capsize. The 15 people were saved by the ship Sir Robert Baden Powell, which was anchored by the stricken vessel. Captain Karsten Borner of the Dutch ship said that it was able to hold its position in the sea using engines during the storm but then the saw the Bayesan had disappeared.

“We realized that the boat next to ours was no longer there. We saw a red signal flare coming from the area of the boat, so my first officer and I climbed into the tender and went to provide assistance: we recovered 15 survivors, including a little girl. After raising the alarm, the coast guard units also arrived. We heard screams, we continued to search the area but we did not find anyone other than the 15 survivors who had already been rescued."

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Family clings to hope of air pocket in sunken superyacht as debris hampers search

PORTICELLO, Sicily — Divers searching for six missing people from a superyacht which sank off the coast of Sicily told NBC News Wednesday that debris inside the vessel, as well as its depth, were making their job difficult.  

As hopes of finding anyone alive dwindled, the divers said that they had managed to force open one of the Bayesian’s access doors but access to the cabins where people could be trapped was being hampered by detritus. 

The divers, who were not authorized to speak publicly, added that the depth of the wreck meant they were left with only 10 minutes to search the 184-foot yacht once they reached it. Then they had to return to the surface, they said. 

On Wednesday, the dock where they set off from was swarming with vehicles, boats and rescuers. Nearby tourists, reporters and photographers have gathered, eager for news. Helicopters occasionally fly over the area.  

British tech tycoon Mike Lynch and five of the 22 other people who were aboard the yacht remain unaccounted for and are believed to be trapped in the Bayesian’s hull, nearly 170 feet underwater.

Lynch's 18-year-old daughter, Hannah, Morgan Stanley International Chairman Jonathan Bloomer and his wife Judy; and Clifford Chance lawyer Chris Morvillo and his wife Neda, are also missing. 

Officials confirmed Monday that at least one person, the ship’s cook, had died. 

Rescuers said Tuesday that there might be people trapped inside the cabins, especially considering the timing of the storm, but that they had so far been unable to check through the ship’s portholes.

“The operations are long and complex,” Italy’s national fire department, whose diving teams have been participating in the search, said on X . 

Italy's coast guard also said Tuesday that divers were also using a remotely-operated underwater vehicle to aid in the search.

The Bayesian is owned by a firm linked to Lynch’s wife, Angela Bacares, who was one of the 15 people rescued Monday after it capsized near Sicily’s main city of Palermo in what Italian officials called a “violent storm.” 

Built by Italian shipbuilder Perini Navi in 2008, the U.K.-registered Bayesian could carry 12 guests and a crew of up to 10, according to online specialist yacht sites. Its nearly 250-foot mast is the tallest aluminum sailing mast in the world, according to CharterWorld Luxury Yacht Charters.  

Lynch, who was regularly described in U.K. media as “Britain’s Bill Gates,” was acquitted by a San Francisco jury of fraud charges stemming from the 2011 sale of his software company Autonomy to Hewlett-Packard for $11 billion.

Prosecutors alleged that Lynch and Autonomy’s vice president for finance, Stephen Chamberlain, had padded the firm’s finances ahead of the sale. Lynch’s lawyers argued that HP was so eager to acquire Autonomy that it failed to adequately check the books .

The Mediterranean sailing vacation was designed to be a celebration for Lynch, who brought Morvillo, one of his U.S. lawyers and Bloomer, who testified in his defense, on the trip.

Bloomer’s twin brother, Jeremy, told the BBC on Tuesday the family was “coping the best we can” and he was hopeful there might still be air pockets inside the hull. 

Chamberlain was not aboard the Bayesian.

In what appears to be a tragic coincidence, a car struck and killed Chamberlain on Saturday as he was jogging in a village about 68 miles north of London, local police said.

Claudio Lavanga and Claudia Rizzo reported from Porticello, Yuliya Talmazan from London. 

Claudio Lavanga is Rome-based foreign correspondent for NBC News.

Yuliya Talmazan is a reporter for NBC News Digital, based in London.

Scramble to find survivors after Bayesian yacht sinks off Sicily coast

A rescue operation is ongoing for 6 missing people, including british entrepreneur mike lynch. an american was also among the missing..

One person died and six people were missing after a luxury yacht sank Monday in Italy off the coast of Palermo, the capital of Sicily, after a sudden storm hit the area, according to Italy's coast guard.

The Bayesian, a 184-feet-long, British-registered sailboat, went down just before sunrise, capsizing its 22 passengers and killing one man, the ship's cook, t he coast guard said in a statement. On Monday, rescue teams identified the body as Antiguan citizen Ricardo Thomas.

Of the 15 passengers rescued, eight were taken to a local hospital for treatment and were in stable condition, local news reported. A 1-year-old was among those rescued.

"We are providing consular support to a number of British nationals and their families following an incident in Sicily and are in contact with the local authorities," the U.K Foreign, Commonwealth and Development Office said in a statement emailed to USA TODAY.

The people missing were American, British, and Canadian nationals.

What caused the Bayesian to sink?

The ship sank after unexpectedly strong storms recently dumped heavy rainfall, causing flooding and landslides, in parts of the country. Among those missing are British tech entrepreneur Mike Lynch, and his daughter, a person familiar with the rescue operation told Reuters.

Jonathan Bloomer, chairman of Morgan Stanley International, and Chris Morvillo, a lawyer at Clifford Chance who represented Lynch in a  U.S. trial , were among the missing. The wives of both men were also unaccounted for, said Salvatore Cocina, head of civil protection in Sicily.

"The fear is that the bodies got trapped inside the vessel," he told Reuters.

The yacht was owned by Lynch's family and had 22 people on board when it sank just before sunrise. The captain of a nearby ship told Reuters his crew rescued some survivors from a life raft, including three seriously injured.

"We managed to keep the ship in position and after the storm was over, we noticed that the ship behind us was gone," Karsten Borner said. The other boat "went flat on the water, and then down," he said.

"A little baby and the wife of the owner" were rescued, while the ship's owner and a child were missing, he said.

The boat was located 160 feet under the water and divers were deployed to inspect the wreck, according to the coast guard.

The search-and-rescue operation continued on Monday morning, a Reuters live feed showed . A helicopter and four coast guard ships were at the scene on Monday morning, according to the coast guard.

Bayesian had set sail off Amalfi Coast in July

Prosecutors in a nearby town have opened an investigation into the events leading up to the ship sinking.

The Bayesian set off for Palermo from Positano, a village on Italy's southern Amalfi Coast, on July 30, according to marinetraffic.com . It last docked in the town of Milazzo, in Messina, on Wednesday, according to VesselFinder.

The ship has the tallest aluminum mast in the world, according to Perini Navi , its manufacturer. It was built in 2008.

Contributing: Reuters

Watch CBS News

Luxury yacht sinks off Sicily, leaving U.K. tech magnate Mike Lynch, 2 Americans among those missing

By Anna Matranga

Updated on: August 20, 2024 / 7:47 PM EDT / CBS News

Rome  — Six people, including two U.S. nationals, a British technology entrepreneur and one of his daughters, were still missing Tuesday after a large luxury sailing yacht sank off the coast of the southern Italian island of Sicily during a violent storm. The 184-foot Bayesian had been anchored about half a mile off the port of Porticello, near Palermo, with 22 people on board — 10 crew members and 12 passengers.

The vessel sank at about 5 a.m. local time (11 p.m. Eastern, Sunday) after being hit by a possible waterspout spawned by the storm. Italian media said the winds snapped the boat's single mast, unbalancing the vessel and causing it to capsize.

Fifteen of those on board managed to escape the yacht and were rescued by a Dutch-flagged vessel that was anchored in the immediate vicinity. They were brought ashore by Italian Coast Guard and firefighters.

One body — an unidentified male — was recovered, but six people remained missing, including British software magnate Mike Lynch, once described as Britain's Bill Gates. 

Lynch was acquitted in June of fraud charges in the U.S. that could have landed him with a decades-long prison sentence. In an unusual twist, Lynch's co-defendant in that fraud case, who was also acquitted, died Saturday after being hit by a car while out jogging in England.

Lynch's teenage daughter Hannah was also among those missing, along with Lynch's American lawyer Chris Morvillo, a former assistant district attorney in New York, and his wife Neda. British banker Jonathan Bloomer, chairman of Morgan Stanley International, was also still missing Tuesday.

Among the survivors was a 1-year-old British girl who was being treated at a nearby hospital along with her parents. They were doing well, according to Italian media.

"For two seconds I lost my child to the sea, then I immediately was able to grab her again in the fury of the waves," the girl's mother, identified only as Charlotte, was quoted as saying by Italy's ANSA news agency. "I held on to her tightly in the stormy sea. Many were screaming. Luckily the life raft opened up and 11 of us managed to get aboard."

"It was terrible," she told ANSA. "In just a few minutes the boat was hit by a very strong wind, and sunk soon thereafter."

Karsten Borner, the captain of the Dutch vessel that came to the rescue, told ANSA he had been anchored near the Bayesian.

"When the storm was over we noticed that the ship behind us was gone, and then we saw a red flare, so my first mate and I went to the position and we found this life raft drifting, and in the life raft was also a little baby and the wife of the owner."

Recovery efforts were back underway Tuesday, with speedboats, helicopters and divers continuing to search for the missing — as well as for answers, as to how a state-of-the-art superyacht could disappear in a flash. 

According to Italian media, Fire Brigade divers reached the boat and saw bodies trapped inside some of the cabins, but they had been unable to recover any of the victims from inside the vessel by Tuesday, due to obstructions. The Bayesian appeared to have sunk in an area with a depth of about 160 feet.

Witnesses said the boat sank quickly. 

"I was at home when the tornado hit," fisherman Pietro Asciutto told a local news outlet. "I immediately closed all the windows. Then I saw the boat, it had only one mast, it was very large. I suddenly saw it sink... The boat was still floating, then suddenly it disappeared. I saw it sink with my own eyes."

The director-general of Sicily's civil protection agency, Salvatore Cocina, confirmed to CBS News partner BBC News  that three of the six people still missing Monday were British tech entrepreneur Mike Lynch, whose company Autonomy Corporation PLC was acquired in 2011 by HP ; one of his daughters, Hannah Lynch, who is believed to be 18; and the boat's chef, Ricardo Thomas.

CBS News has seen corporate documentation showing a company called Revtom, solely owned by Lynch's wife Angela Bacares, who was among those rescued from the accident, as the owner of the yacht that capsized off Sicily. 

While the yacht was a privately owned pleasure boat, the waters around the island have claimed many lives over the last decade.

Dozens of migrants have died attempting to reach Sicily and smaller Italian islands in the region. Sicily sits only about 100 miles from the east coast of Tunisia in north Africa, and the Mediterranean crossing has been a frequent site of both nautical rescues and disasters as smugglers routinely send small boats overloaded with desperate people into the sea.

CBS News' Chris Livesay in Rome and Joanne Stocker in London contributed to this report.

Alex Sundby , Joanne Stocker and Chris Livesay contributed to this report.

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Mike Lynch and daughter among missing after yacht sinks: What we know about disaster - and 'alarming' potential cause

The British-flagged luxury vessel named Bayesian was carrying 22 people when it got into difficulty off the coast of Sicily. Sky News looks at what we know about the tragedy.

News reporter @samuelosborne93

Wednesday 21 August 2024 16:55, UK

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Five bodies have been found after a superyacht sank off the coast of Sicily.

Twenty-two people were on board the vessel named Bayesian when it got into difficulty in the early hours of Monday.

The yacht is owned by a company controlled by the wife of British tech tycoon Mike Lynch ,

Fifteen people were rescued - including Briton Charlotte Golunski and her one-year-old daughter Sofia - but five people are now confirmed to have died and two are still missing.

Here's what we know about the sinking of the luxury vessel so far.

Follow latest updates on the superyacht sinking

What might have caused the sinking?

The British-flagged luxury vessel, named the Bayesian, capsized at around 4.30am local time on Monday morning off Palermo, according to ship-tracking site Marine Traffic.

It sank in a matter of minutes with 22 people on board, 12 passengers and a crew of 10, according to the Italian coastguard.

Waterspouts, essentially tornados which form over water, were seen as powerful winds battered the area overnight, local media said.

The yacht may have sunk faster with all the doors open due to the hot weather, Sailing Today magazine editor Sam Jefferson has said.

"I imagine all the doors were open because it was hot, so there were enough hatches and doors open that it filled with water very quickly and sank like that," he said.

Official pictures show air conditioning units in several of the rooms, however, which could counter the suggestion open windows caused the vessel to sink faster.

The huge mast is also likely to have played a role, he added.

What are waterspouts?

Waterspouts typically occur during thunderstorms and can develop very rapidly, within minutes.

Their spin generally reaches wind speeds between 75-200mph, but can reach as high as 300mph.

They can travel at about 10-20mph typically but can reach greater speeds, making them difficult to avoid - especially in something as slow-moving as a yacht.

Matthew Schanck, chair of the Maritime Search and Rescue Council, called the reports of a tornado or waterspout "rare" and "quite alarming".

"The vessel was at anchor in a recognised anchorage," Mr Schanck said.

"Depending on wind direction and the state of the sea, this informs the captain whether it is a safe area to anchor or not. There was nothing that was too concerning, for my eye. All in all, the captain used the information they had to make a safe call."

Who owns the yacht?

British tech tycoon Mike Lynch is among those missing.

The 59-year-old owner of the yacht is known as the " British Bill Gates " and has been in the headlines in recent months over a high-profile fraud case.

In June, a US jury cleared him of all charges, which were related to the 2011 sale of his software company Autonomy to Hewlett-Packard (HP). The yacht trip is believed to have been a celebration of the end of Mr Lynch's legal troubles.

HP accused him of deliberately overstating the value of the company before it was acquired by the American tech giant.

Mr Lynch was extradited to the US to face trial in May last year and spent 13 months under house arrest in San Francisco as he awaited trial on 17 charges of conspiracy and wire fraud brought by the US Department of Justice - which were later reduced to 15 charges. He always denied any wrongdoing and was acquitted.

Read more: Lynch's co-defendant dies days before yacht sinking

Who was on board when the boat sank?

The passengers were largely British and American, the Italian coastguard said. Crew members were from New Zealand, South Africa, and Canada.

Charlotte Golunski was among the Britons rescued. Her LinkedIn profile says she is a partner at Mr Lynch's firm Invoke Capital and has worked there since 2012.

Speaking after the ordeal, Ms Golunski told Italian media that she lost her daughter Sofia for "two seconds" amid the "fury" of the sea but was able to retrieve her. She said she held the infant above the waves until the lifeboat was ready.

"Many people screamed. Luckily the lifeboat inflated and 11 of us were able to get on board," she told ANSA.

The girl's father James Emsley also survived, according to Sicily's civil protection agency.

Also on board were Jonathan Bloomer, chairman of investment bank Morgan Stanley, his wife Judy Bloomer, a top US lawyer Chris Morvillo, who worked on Mr Lynch's criminal case, and his wife Neda Morvillo. They were all reported as missing.

The yacht's captain James Calfield survived, along with South African crew members Leah Randall and Katja Chicken.

Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat, has been found dead, the Italian Coastguard has confirmed to Sky News.

During rescue efforts, divers saw "corpses through the portholes" of the wreck as they recovered the body of a man at a depth of 50m (164ft), according to Salvo Cocina, the head of the Civil Protection of Sicily.

What do we know about the vessel?

The Bayesian was known for its unusual 72.3m (246ft) single mast - one of the world's tallest made of aluminium - and shared its name with the statistical method Mr Lynch's Autonomy software was based on.

It was built by Italian company Perini Navi in 2008 and last refitted in 2020.

It was listed for rent for up to €195,000 (£166,000) a week, according to online charter sites.

The luxury vessel , which was managed by yachting company Camper & Nicholsons, can accommodate up to 12 guests in six suites.

It won a string of awards for its design, according to online specialist yacht sites.

Mr Schanck said the vessel would have been equipped with "high standard" life-saving appliances and radio communications. He added the yacht would have met all international standards and UK maritime coastguard agency regulations before its voyage.

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The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking site VesselFinder.

The Bayesian previously travelled to other parts of Sicily before its last sighting off the coast of the port of Porticello.

On Sunday, the boat was seen off the coast of Cefalu before it travelled towards Porticello, MarineTraffic data shows.

In the days before, the yacht travelled around four of the Aeolian islands, just north of Sicily.

It was previously named Salute, or "health" in Italian, when it flew under a Dutch flag. Its minimalist interior featured light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions on charter sites.

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Prosecutors in the nearby town of Termini Imerese have opened an investigation into the sinking.

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