how much does a 50 ft yacht cost

The Real Cost of Buying & Owning a 50-Foot Yacht

A 50-foot yacht can be difficult to maneuver, especially in tight spaces and harsh weather, so you need to invest in proper training for yourself and your crew. You may also need to apply for special permits and licenses to operate in certain areas. These factors can add up quickly to the overall costs, so if you are determined to own a 50-foot yacht, here's the real cost of buying and owning one.

The total estimated upfront costs of buying a 50-foot yacht range from $458,000 to $692,000 and include the initial purchase price and other fees. There are also hidden costs that total $70,000–$300,000+ per year. For ongoing costs, the total estimated annual costs are $35,000–$85,000 per year.

Although costly, with proper budgeting, maintenance, and strategic planning, you can manage the costs of owning a yacht and still enjoy the lifestyle that comes with it. Let's look at some practical tips to help you manage the costs of owning a 50-foot yacht.

• A high-end luxury yacht may cost significantly more than a basic production yacht with standard features and finishes.
• A new yacht with low engine hours and minimal wear and tear may command a higher price than an older yacht.
• Hiring a surveyor can help you save money in the long run by identifying any potential problems before you purchase the yacht.
• Fuel costs can add up quickly, since a 50-foot yacht with twin diesel engines uses almost 20–30 gallons of fuel per hour.
• Winter storage can protect your yacht from the elements, and it can also add up to the overall cost of owning a yacht.

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Cost of buying & owning a 50-foot yacht, upfront costs of buying a 50-foot yacht, hidden costs of owning a 50-foot yacht, ongoing costs of owning a 50-foot yacht, tips for managing the costs of owning a 50-foot yacht.

When buying a 50-foot yacht, there are several costs to consider, such as upfront costs, hidden costs, and ongoing costs per year. Here's a rundown on the all-in cost:

In this section, we will break down these costs into sub-sections to give you a better idea of what you can expect.

The purchase price of a 50-foot yacht varies depending on the model

Different models of yachts may have different features, amenities, and capabilities, which can affect their value and appeal to buyers . A high-end luxury yacht with state-of-the-art technology, custom finishes, and top-of-the-line appliances may cost significantly more than a basic production yacht with standard features and finishes.

Similarly, a newer yacht with low engine hours and minimal wear and tear may command a higher price than an older yacht with more use and maintenance requirements. Yachts located in popular boating destinations or areas with high demand may be priced higher than those in less desirable locations.

Here are some examples of different yacht models, their amenities, and estimated prices:

Sales tax and registration fees

When you purchase a yacht, you will need to pay sales tax and registration fees. In some states, you may be able to avoid paying sales tax if you purchase the yacht in a different state and keep it there.

In Florida, the sales tax rate is 6% , but there is a cap of $18,000 on the amount of tax you will pay. So if you purchase a yacht for $500,000, you will only pay $18,000 in sales tax.

On the other hand, registration fees are the fees you need to pay to register your yacht with the state where you plan to operate it. The fees are typically used to fund marine programs, such as boating safety education, law enforcement, and conservation efforts.

Some states charge a flat fee, while others charge based on the length of the yacht. In some cases, the registration fees may also be based on the age or value of the yacht. These fees are typically renewed annually, and failure to renew your registration can result in penalties or fines.

Registration fees in Florida for a yacht over 110 feet in length can be as high as $4,000 per year. However, for a yacht under 16 feet in length, the registration fee is only $5 per year.

Survey and inspection costs

A survey and inspection is essentially a thorough examination of the yacht by a professional surveyor. The surveyor will inspect the vessel from top to bottom, looking for any issues or potential problems that could affect the yacht's seaworthiness or value. This includes checking the hull, deck, rigging, electrical systems, plumbing, and more.

For smaller yachts, the cost may be a few hundred dollars, while larger and more complex yachts could cost several thousand dollars.

By identifying any potential problems before you purchase the yacht, you can negotiate with the seller or even decide not to purchase the yacht altogether. In the long run, this can save you money and help ensure that you're making a sound investment.

Insurance and financing costs

Insurance rates can vary widely, but you can expect to pay a premium for coverage. The higher the value of the yacht, the higher the insurance premium will be.

As for financing, the interest rates for yacht loans are typically higher than those for home or car loans. This is because yachts are considered luxury items and are often seen as a higher-risk investment. The interest rate you'll be offered will depend on your credit score, income, and the amount of the loan you're seeking.

Aside from the upfront costs, there are also hidden costs beyond the initial purchase price. Here are some hidden costs you should be aware of:

Environmental and regulatory compliance

Owning a yacht also comes with environmental and regulatory compliance costs. You may need to pay for permits to dock your yacht in certain areas, or you may need to invest in equipment to comply with environmental regulations. These costs can add up quickly and may not be immediately apparent when you're considering purchasing a yacht.

Crew and staffing costs

If you plan to use your yacht frequently, you'll likely need to hire a crew to help you maintain and operate it. Crew and staffing costs can include salaries, benefits, and insurance, and can be a significant expense over time. Additionally, you may need to pay for crew training and certification , which can add to the overall cost of owning a yacht.

If you're looking for paid courses for your crew, here are 9 best sailing courses you might want to check out.

Costs of upgrades and customizations

While a 50-foot yacht may come equipped with many standard features, you may want to add additional amenities or customize the interior to your liking. These upgrades can be expensive and may not be covered by your initial purchase price.

Upgrades and customizations can range from relatively minor changes such as adding a new sound system or upgrading the navigation equipment, to more extensive modifications such as adding a new deck or completely redesigning the interior of the yacht. The cost of these upgrades will be based on the extent of the modifications and the materials and labor involved.

In this section, we will discuss the ongoing costs of owning a 50-foot yacht.

Maintenance and repair costs

Regular maintenance helps keep your yacht in good condition and prevents costly repairs. Some common maintenance and repair costs include:

• Engine maintenance
• Hull cleaning and painting
• Electrical and plumbing repairs
• Sail and rigging repairs: ( Here's an article on the cost of replacing a standing rigging )
• Interior and exterior cleaning

Docking and storage fees

Some common docking and storage fees include:

• Monthly slip rental fees: These fees cover the cost of renting a slip at a marina or dock for your yacht to be moored. Slip rental fees can range from a few hundred to several thousand dollars per month.
• Winter storage fees: During the off-season, many yacht owners choose to store their vessels on land to protect them from the elements. The cost of winter storage can range from a few hundred to several thousand dollars per season.
• Launch and haul-out fees: These fees cover the cost of launching your yacht into the water and hauling it out for maintenance or storage, and vary based on the location and the size of your yacht.
• Electricity and water fees: Many marinas charge additional fees for the use of electricity and water while your yacht is in the slip.

Fuel and operating costs

A 50-foot yacht typically has twin engines, which can be either gasoline or diesel. Diesel engines are generally more fuel-efficient and have a longer lifespan than gasoline engines, but they are also more expensive to purchase and maintain.

On average, a 50-foot yacht with twin diesel engines will use about 20-30 gallons of fuel per hour, while a gasoline-powered yacht will use about 40-50 gallons per hour.

Routine maintenance such as oil changes, filter replacements, and hull cleaning is part of the overall operating costs and will cost several thousand dollars per year. More significant repairs or upgrades, such as engine overhauls or electronics replacements, can cost tens of thousands of dollars.

Costs for insurance and maintenance reserves

Insurance can protect you from liability and damage to your yacht, while maintenance reserves can help cover unexpected repairs. Some common insurance and maintenance reserve costs include:

• Liability insurance
• Hull and machinery insurance
• Personal property insurance
• Emergency repairs and reserves

Here are some tips to help you manage the costs of owning a 50-foot yacht:

Create a budget and stick to it

Your budget should include all of the costs associated with owning and maintaining your yacht, including mooring fees, insurance, fuel, maintenance, and repairs. Try to plan for unexpected costs, such as emergency repairs or unexpected upgrades.

You should also plan ahead for seasonal expenses, such as winterizing your yacht when the boating season is over . By creating a budget and planning ahead, you can avoid surprises and ensure that you have the funds necessary to keep your yacht in top condition.

Do the basic maintenance and repairs by yourself

While there are some tasks that require a professional, such as engine repairs or electrical work, there are many things you can do yourself with a little knowledge and the right tools.

By doing your own maintenance and repairs, you can save money on labor costs and ensure that your yacht is always in top condition. You can also take pride in knowing that you are taking care of your investment and keeping it in great shape.

Consider sharing and chartering options

If you don't use your yacht all the time, you may want to consider sharing or chartering options as a way to offset the costs of ownership. Sharing your yacht with friends or family members can help split the costs of maintenance and repairs while chartering your yacht to others can help generate income.

There are many websites and companies that specialize in yacht sharing and chartering where you can find an option that works best for you. Just be sure to carefully vet anyone who will be using your yacht to ensure that they are responsible and will take good care of your investment.

Learn some selling and trading strategies

If you find that the costs of owning a 50-foot yacht are too high or you are ready to move on to something else, you may want to consider selling or trading your yacht. There are many strategies you can use to get the best price for your yacht, including working with a broker, advertising online, or attending boat shows.

If you are interested in trading your yacht for something else, perhaps carefully consider your options and work with a reputable dealer. By using these strategies, you can ensure that you get the best value for your investment and can move on to your next adventure with confidence.

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You may also like, cost of buying & owning a small yacht (detailed breakdown).

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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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Winner of European Yacht of the Year 2023. The Oyster 495 is a new breed of 50 foot sailing yacht

Introducing the award-winning Oyster 495.

A luxury, bluewater cruiser with half a century of Oyster experience and innovation running through her every inch.

Effortless handling

The new Oyster 495 is a 50 foot yacht designed for ease of use and shorthanded sailing.

LOCAL EXPERTISE

For new yacht sales and our service operation in the Americas, visit our offices in the heart of the US East coast sailing scene, Newport, Rhode Island. We would be delighted to help.

Distinctly Oyster

She embodies all the learning, insights and innovative features from Oyster’s larger models, intelligently integrated into this benchmark 50 foot sailboat.

Equipped for adventure

A true liveaboard bluewater cruiser, equipped to take you anywhere in luxury, comfort and safety.

Join us at our London Private View at St Katharine Docks, 24-28 April 2024, to see the Oyster 495, 565 and 595

Displaying all the hallmarks of Oyster’s exquisite craftsmanship and meticulous attention to detail, the exceptional build quality of the Oyster 495 means she is built to last a lifetime.

BUILDING THE 495

Join double Olympic gold medallist, sailor and respected journalist, Shirley Robertson, as we build and sail the first Oyster 495.

Every inch an Oyster, the new Oyster 495 features instantly recognisable design cues – deck saloon, seascape windows and flush decks, combined with exceptional sailing performance.

Unmistakably Oyster

The latest collaboration between humphreys yacht design and our in-house design studio, the new 495 50 foot sailing yacht is an evolution of five decades of iconic oyster design cues..

Her clean hull lines and wide beam aft are the foundation for the outstanding space and capabilities of the Oyster 495. She incorporates many of our big yacht features in a compact 50 foot yacht. Instantly recognisable as an Oyster, the Oyster 495 features our pioneering deck saloon, protected cockpit and helm stations, wraparound and forward-opening saloon windows. Flush decks, signature triple vertical seascape windows, foredeck skyscape windows, a powerful plumb bow and extended bowsprit complete the look.

We were the first boat builder to create a truly ergonomically designed cockpit and helm positions, with sprayhood and optional bimini for additional protection. Details like the cockpit table, with optional built-in refrigerated drinks locker, that comfortably seats up to eight people, is just one of the many triumphs of Oyster design thinking.

The Oyster 495 consistently delivers powerful, responsive and rewarding performance in safety and comfort.

Nine knots is her happy place and her well-balanced, stable wide-beamed hull form gives you confidence to keep the sails up in almost any conditions. Twin rudders make her light and agile on the helm, offering fingertip control even in the most boisterous seas. Her low centre of gravity keel offers substantial displacement for enhanced stability and handling, and she moves easily in cruising trim. Carrying significant sail power, you are guaranteed consistently fast cruising speeds and the optional sprayhood and bimini provide excellent protection from the sun, whilst improving all-round comfort.

This 50 foot sailboat for sale offers the range of innovative automated sailing technology. This includes in-mast furling with push-button controls and B&G instruments, all operated from the helm positions, making her the perfect choice for couples or young families.

The Oyster 495 features lots of space to relax and share good times with friends and family.

Her wide beam offers unexpected returns in space, both above and below decks – something you will not find on any other 50 foot sailboat for sale. The beautifully styled centre cockpit is perfect for entertaining up to eight people for alfresco dining. The aft pushpit seats are a great place to see all the action under sail. The wide teak deck at the stern and flush foredeck offer generous entertaining and sunbathing spaces.

The transom houses an innovative, push-button operated, cassette boarding/bathing platform. A choice of subtle mood lighting and integrated audio speakers let you set the tone for entertaining guests under the stars.

New generation interiors feature modern styling, integrated technology and equipment for truly luxurious entertaining and living spaces.

Contemporary luxury and comfort

The oyster 495 benefits from our new generation luxury, contemporary interiors that elevates her above the best 50 foot yachts..

With four interior designed themes, 495’s interiors set a new standard in her class. The well-equipped, seaworthy, u-shaped galley, saloon and cabins are well-proportioned, comfortable and luxurious. Her wide beam aft offers unexpected space compared to any other 50 foot yacht for sale.

She is eminently practical, making her perfect for liveaboard adventures. Intelligent interior space planning, combining insights and the acclaimed craftsmanship from our larger yachts, makes use of every inch of hull volume. The tasteful choice of materials, fabrics and integrated technology throughout, along with modern styling, creates truly luxurious entertaining and living spaces. The impressive owner’s cabin, with its deep luxury mattress, has excellent headroom and signature triple seascape windows, creating an amazing feeling of space and light throughout the new Oyster 495. Our new mood lighting system creates a perfect interior environment.

Like all our yachts, the new Oyster 495 is handcrafted by master craftspeople with a meticulous attention to detail, and a deep sense of pride and passion.

The learnings of half a century of designing and building bluewater cruisers feed into every detail, and the insights of our owners, skippers and crew, sailors and our own team help fine-tune every aspect of the design and build. The result is a unique combination of design, technology, engineering and hand-crafted build quality. Beautiful hardwoods run throughout every inch of this exquisite 50 foot sailboat, in everything from hand-built furniture to intuitively placed grab rails. This focus on detail reveals itself in the beautiful, hand-crafted cabinetry and the easily accessible, carefully labelled cables and pipework that run behind the scenes to make maintenance tasks simple.

The Oyster 495 is a truly connected 50 foot yacht with all the latest technology you need to stay in touch, however remote your location.

Not only does it make her an ideal liveaboard yacht, but it also makes her a work-aboard yacht. Every system is chosen for its ruggedness and fitness for purpose. The chart table is a technology hub, featuring an optional, innovative, foldout, integrated PC; lift-top desk; plotter; VHF and SSB radios; power management; generator control; switchboard; and plenty of power sockets. Oyster’s proprietary digital switching system – Oyster Command™ – lets you monitor and control various systems over a digital network and touchscreen. Optional WIFI can be accessed through the latest satellite technology, or 4G/5G cellular antenna when close to onshore radio masts. Entertainment systems are seamlessly integrated, with a concealed saloon TV and audio running throughout the boat.

The joy of Oyster ownership

There is more than just pride on offer when it comes to owning an Oyster 495. Every new Oyster comes with a comprehensive warranty, personalised care, access to our global service network, unrivalled support, life-changing experiences and so much more.

On an Oyster the world is yours.

OYSTER OWNERSHIP

Ownership benefits rarely experienced in marine

Discover the 495 in detail.

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TECHNICAL DETAILS

Specifications & features

Electric in-mast furling system.

The in-mast furling system takes automation and effortless shorthanded sailing to another level.

Electric winches

Push-button control with electric Lewmar winches in sleek, black anodised finish.

Bathing platform

The innovative, automated cassette bathing platform is ideal to access ocean swimming, boarding a dinghy or stern access when berthed. It features a sturdy boarding ladder and integrated freshwater shower on the transom steps.

B&G Navigation package

The standard B&G navigation system displays boat speed, wind and depth information.

Master cabin with Seascape windows

An impressive full width owner’s cabin is completed by Oyster’s signature triple Seascape windows. These create a feeling of light and space, with exceptional ocean views.

Touch screen controls

Oyster Command™ digital switching system controls everything from on board entertainment and lighting to all your main systems, utilities and security, through touchscreens at the helm and chart table.

Wood options

Choose from a selection of wood themed interiors, including shades of sustainable sourced oak and walnut.

Extensive on deck stowage

A full width lazarette and separate sail locker provide ample storage for all your bluewater adventure kit, sails, rigging and mooring gear.

Flush Flexiteak decks

With a beautiful fine grain teak finish, the sustainable synthetic Flexiteak deck is 30% lighter than traditional teak, extremely hard wearing and retains it look with minimal maintenance.

Opening saloon windows

Oyster’s unique, deck saloon forward opening windows provide excellent ventilation, allowing fresh air to circulate freely through the yacht while at anchor or under sail.

DNV GL hull certification

DNV GL carry out stringent quality checks throughout the build of the Oyster 495 hull to certify the materials and construction reach the highest standards of extreme strength and durability.

Take advantage of shallow-draft cruising grounds and remote anchorages, with a draft of 1.83m / 6’0”.

Retractable bow and stern thrusters

Sleipner Side-Power retractable bow and stern  thrusters make it simple and safe to manoeuvre in and out of tight marina berths.

Entertainment package

Choose from an optional range of integrated electronic and AV systems to suit your personal preferences.

Saloon day bed

The multifunction saloon table can be raised and lowered to create a comfortable day bed, perfect to relax on and enjoy the integrated widescreen TV.

Hull colours

Personalise your Oyster 495 with alternative coloured hull, mast and sails. See our colour picker for inspiration.

Air conditioning

Keep the interior at the perfect temperature with air conditioning (and generator) that cools and heats. Controls in each cabin allow guests to adjust the temperature based on their personal requirements.

B&G upgrade package

Upgrade the standard B&G navigation package with the additional instrumentation, communication equipment and autopilot package.

Flush teak decks

Extensive sustainably sourced, quarter-sawn, full-depth teak ensures maximum longevity and lifespan of our hand-laid teak decks. Smooth and natural underfoot, they look stunning.

Pushpit seats

For the best seats aboard, the optional pushpit seats provide great views and the perfect spot for sundowners after a memorable day’s cruising.

Enjoy 100 litres of fresh, homemade water per hour with a reliable Dessalator Duo watermaker with automatic controls and manual override.

Add davits to the stern deck for a practical dingy stowage solution when cruising and fast, efficient access when exploring at your destination.

Plans and interior layouts

Colour inspiration

Entries open for the Oyster World Rally 2028-29. Embark on the sailing adventure of a lifetime

EXPERT OPINION

Independent reviews of the Oyster 495. Find out what the experts have to say.

AWARD WINNING

Oyster 495 wins European Yacht of the Year 2023

The Oyster 495

Expert opinion

495 on test with Toby Hodges

Configure your 495

Create your dream Oyster 495 using our yacht configurator

Building the 495

Follow the build with double Olympic gold medallist Shirley Robertson

The Oyster Fleet

Explore other models

An award winning sub 60 foot bluewater sailing yacht for all oceans.

The new Oyster 595, a 60 foot sailing yacht capable of great things.

A versatile sub 70 foot sailboat designed for the adventurous at heart.

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OYSTER WORLD RALLY

The Oyster World Rally 2028-29. Embark on the sailing adventure of a lifetime. Entries open 18 June 2024

The new 565 Series II

The pursuit of perfection continues

Explore the benefits that come with taking ownership of a new Oyster, and becoming part of the family

GRAND TOURING

The new oyster 885gt revealed. watch her in action.

LUXURY CHARTER

Experience exhilarating sailing, luxury and style on an oyster charter. personal, exclusive and uniquely oyster.

Join Oyster Brokerage at the Palma International Boat Show, 25-28 April 2024. Book your tour today

Oyster world rally.

Follow the Oyster World Rally 2024-25 fleet live

Winner of European Yacht of the Year 2023. She sets a new 50 foot bluewater benchmark, offering a stunning combination of sailing performance, comfort, safety and luxurious living space.

Heralding a new generation of Oysters, this 60 foot bluewater cruiser is a sailing yacht for all oceans. Practical and well-provisioned for long distance sailing or cruising in coastal waters.

The much-anticipated Oyster 595 is well-proportioned and extremely versatile. Offering exciting, customised build options with no compromise, she is capable of great things.

A versatile sub-70 foot sailboat offering the perfect balance of size and practicality. She can be sailed shorthanded effortlessly or take a full crew and up to eight friends and family.

This long range 75 foot cruising yacht is designed for very big adventures. A joy to sail yourself, she also boasts dedicated crew quarters.

Oyster 885SII

An exhilarating 90 foot sailing yacht, delivering comfort and safety with uncompromising performance. She is capable of taking you anywhere in the world effortlessly, in luxury and style.

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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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50 foot yacht: guide to buying your next yacht.

• June 3, 2021

BUYING A 50 FOOT YACHT

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Riviera 50 Sports Motor Yacht

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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, but 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 yacht sizes (both new and used yachts) can seem bewildering. Below, we take you through the various options and the costs associated with each.

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 while the 70-foot yacht cost or 100-foot yacht cost will set you back anywhere between £1 million and many times that sum, respectively.

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 offer sailing yacht insurance and motor boat insurance .
• 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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How much does a yacht cost | ultimate breakdown guide.

 October 14, 2019

Complete guide to “How much does a yacht cost?” including superyachts and megayachts. Includes the cost of owning and operating a yacht. Yachts and superyachts are symbols of success. They appeal to wealthy individuals but are also extremely useful business assets. In this article, we’ll explore how much does a yacht cost. Also, we’ll answer how much does a superyacht cost and how much does a mega yacht cost. Then we’ll identify additional yacht costs such as fees and taxes. Next, we’ll give example breakdowns of the price of yacht and the price of a superyacht. Finally, we’ll explain how Assets America ® can help fund your transaction, and then answer frequently asked questions regarding the cost of yacht. Note that we’ll devote a separate article to yacht operation and maintenance costs. This article focuses on how much does it cost to buy a yacht.

How Much Does a Yacht Cost?

To know the context for how much does a yacht cost, we define some important terms.

Yacht Terms

• Yacht: A sailing or powered watercraft between 39 and 78 feet in length, accommodating up to 6 guests.
• Superyacht: A luxury yacht ranging in size from 78 to 200 feet in length, accommodating 6 to 12 guests.
• Megayacht: A luxury yacht greater than 200 feet long holding more than a dozen guests.
• Cabin Cruiser : A luxury powered boat between 23 and 38 feet in length.
• Day Sailing Yacht: Small yachts, often with a retractable keel, daggerboard , or centerboard and no cabin.
• Weekender Yacht: Medium-sized yachts, typically up to 31-feet long. Usually, they have lifting keels or twin keels allowing shallow-water operation for two-to-three-day journeys. Normally, weekender yachts have a simple cabin sleeping two to four passengers along with a small galley.
• Cruising Yacht: The most common private yacht, with good handling, onboard comfort, sufficient interior space, and capable performance. Typically, they have a teardrop-planform hull with a deep single-fin keel.
• Luxury Sailing Yacht: Larger yachts powered by wind and engines, with many luxury features.       Typically, yacht makers construct these boats with fiberglass hulls and plenty of automation, lighting, navigation aids, hot water, and more.
• Racing Yachts: Yachts optimized for fast sailing, with heavy and deep bulb keels, tall masts, and large sails.

Average Cost of Yacht

New yachts over 100-feet long have an average price of a yacht equal to $1 million per 3.3 feet in length. In other words, a 100-foot yacht will, on average, cost more than $30 million. Older yachts below 85 feet are less expensive. For example, an 84-foot yacht originally built in 2002 and renovated in 2015 sold for $1.45 million.

The average price of a yacht that is preowned, entry-level, and in the 30 to 35 foot range, is about $100,000.

How Assets America ® Can Help

Whether you need to borrow $20 million or $1 billion to acquire your yacht, Assets America ® can most assuredly help.  We can arrange short-term or long-term financing for the purchase or refit of yachts, superyachts and megayachts. We can provide financing much more rapidly than most typical funding sources do, and we can arrange financing even if your bank declines.  Call us today at 206-622-3000 for a confidential consultation, or simply fill out the below form and expect and prompt response!

Apply For Financing

How much does a superyacht cost.

Superyacht prices are high but variable. For example, the world’s most expensive superyacht (the History Supreme) has a price of $4.5 billion. And at only 100 feet, it is too small to qualify as a megayacht, even though it certainly has a mega-price! On the other hand, a world-famous golfer purchased a 155-foot superyacht for $20 million, a sweet deal. The average price of a superyacht is $275 million.

How Much Does a Megayacht Cost?

The most expensive megayacht, measuring in at 536 feet, cost $1.5 billion. A 1990, 344-foot megayacht can be yours for $210 million. So, the prices of megayachts can vary greatly. In other words, there is no clear answer to how much does a mega yacht cost.

Video:  Million Pound Mega Yachts for Sale – Documentary 2019

Additional Costs of a Yacht

A few states don’t have sales tax: Delaware, Montana, New Hampshire, Oregon — and to some extent Alaska. If you buy a yacht in any other state, you’ll owe state sales tax. On a $1 billion yacht purchase, a state like Texas with 6.25% sales tax will collect $62.5 million. You can buy a yacht in a state without sales tax and use it in another state. However, you will eventually have to pay a use tax. Florida caps yacht sales tax at $18,000, but California has no cap.

Municipalities that charge local sales tax could add a percentage point or two to your tax bill.

Most states also assess property taxes on yachts. Marinas may assess a tax on boat slips. Some states will refund fuel taxes on yachts since they don’t use roads.

Yachts with bathroom, eating, and sleeping facilities qualify as second homes. You can deduct the interest on the yacht’s mortgage, but national tax law caps the deduction at $750,000.

A yacht purchased for business purposes is a capital asset that you can depreciate. This would apply to a charter, rental, or fishing yacht that you use to generate income. If you buy a used business yacht for $1 million or less, it might qualify as Section 179 property. If so, you can deduct the full price in the year of purchase.

There are some minor fees you may have to pay when you acquire a boat. For example, you may have to register your yacht with the International Registry, which has fees of $550 to $1,500. Also, you may pay an annual tonnage tax, a ship radio station license fee, and certificate of insurance. Other fees include those for :

• An annual Maritime Security and Compliance fee
• Private Yacht Limited Charter Compliance Certificate
• Minimum Safe Manning Certificate
• Continuous Synopsis Record (CSR) Document
• Annual Yacht Service
• Intended Registration and Vessel Under Construction Registration

Cost Breakdown

When you want to know how much does a yacht cost, you need to know the cost factors. A yacht’s price directly ties to its construction costs, which include:

• Design: The design requires expertise in marine and mechanical engineering. For example, the designers must undertake many stability and hydrodynamic studies. Also, the design must be esthetically pleasing.
• Construction: It can take many months to construct a large yacht. You must factor in materials, equipment, and labor. Luxury-yacht buyers may want expensive and/or rare materials. One yacht, the infamous History Supreme, contains dinosaur fossils and meteorite stone! But less outlandish materials, such as fine woods and precious metals, still contribute to high construction costs.
• Engine: The number and power of yacht engines can greatly impact cost. Naturally, all things being equal, a sailing yacht should cost less than a comparable motor yacht. It requires huge power to propel a large megayacht, and an elaborate engine room to operate those engines.
• Interiors: Large yachts have many rooms, including galleys, heads, bedrooms, meeting rooms and more. In addition, electronics are important cost items.

FAQs — How Much Does a Yacht Cost?

How much does a 50-foot yacht cost.

A 50-foot yacht is a good candidate for weekend duty. A 2014 convertible sportfish costs just under $2 million. An example price of yacht (51-foot 2013 Azium Magellano 50) is $670,760. A 52-foot 2017 Carver C52 Command Bridge sells for $1,149,000.

What is the cost to build a yacht?

Mid-level yachts cost about $25 to $35 per pound to build. Higher-level-yachts have average construction costs pf $45 to $65 per pound. The top vessels built with exotic materials and hi-tech systems can cost $80/pound to build.

How much does a 60-foot yacht cost?

A 60-foot yacht is about the largest size that an owner operates. A new Hatteras M60 can easily cost around $3 million. However, you can get a 2007 60-foot Sunreef 62 for $735,000.

How much does a 100-foot yacht cost?

Superyachts in this range contain many amenities. You can buy a new 100-foot AB 100 for just over $8.8 million. But let’s face it, you can spend hundreds of millions on big yachts. Your only limits are your imagination and most importantly, of course, your wallet!

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Assets America guided us every step of the way in finding and leasing our large industrial building with attached offices. They handled all of the complex lease negotiations and contractual paperwork. Ultimately, we received exactly the space we needed along with a lower than market per square foot pricing, lease length and end of term options we requested. In addition to the real estate lease, Assets America utilized their decades-long financial expertise to negotiate fantastic rates and terms on our large and very unique multimillion dollar equipment purchase/lease. We were thankful for how promptly and consistently they kept us informed and up to date on each step of our journey. They were always available to answer each and every one of our questions. Overall, they provided my team with a fantastic and highly professional service!

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Assets America helped us survive a very difficult time and we most definitely give them 5 stars!

Ronny was very friendly and though we were unable to make something happen at the moment he gave me some direction to go.

My business partner and I were looking to purchase a retail shopping center in southern California.  We sought out the services of Ronny, CFO of Assets America.  Ronny found us several commercial properties which met our desired needs.  We chose the property we liked best, and Ronny went to work. He negotiated very aggressively on our behalf. We came to terms with the Seller, entered into a purchase agreement and opened escrow.  Additionally, we needed 80 percent financing on our multimillion-dollar purchase.  Assets America also handled the commercial loan for us.  They were our One-Stop-Shop. They obtained fantastic, low, fixed rate insurance money for us.  So, Assets America handled both the sale and the loan for us and successfully closed our escrow within the time frame stated in the purchase agreement.  Ronny did and performed exactly as he said he would. Ronny and his company are true professionals.  In this day and age, it’s especially rare and wonderful to work with a person who actually does what he says he will do.  We recommend them to anyone needing any type of commercial real estate transaction and we further highly recommend them for any type of commercial financing.  They were diligent and forthright on both accounts and brought our deal to a successful closing.

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How much does it cost to own a yacht?

By Rob Bowman | Posted On Oct 28, 2019 Updated On Dec 12, 2023

Since we opened our doors in 2002, United Yacht Sales has worked with thousands of boaters who hold aspirations of owning a yacht. A yacht can mean different things to different people, especially when discussing the difference between intended use such as fishing, day boating, entertaining, and long-distance cruising. Just as there are many applications for how you plan to use your boat, there are also many boat builders working to design the perfect yacht to meet a specific niche in the marketplace. With nearly 1,000 transactions completed each year, United brokers commonly hear the same questions asked as new boaters begin their research into finding the perfect vessel. The yacht's purchase cost isn't the only expense though and other factors need to be considered.

What does it cost to own a yacht? "The cost of ownership for a 60-foot, $1 million yacht is going to be about 10% of its value, or $100,000 per year if it's over ten years old," said Peter Schmidt , Founder of United Yacht Sales. "You can pretty well estimate that for a later model boat of this size, in the Florida market, your general costs are going to be in that range. This would include things like routine maintenance, repairs, dockage, additional supplies, and the cost of either a professional captain or a yacht manager. If it's a newer boat, the annual costs will be less, however preventative maintenance is still very important."

If you're new to boating and this is your first yacht purchase, it makes sense to discuss these questions with your yacht broker:

• Where do you plan to keep your yacht?
• Are you going to run the boat yourself or will you need a captain?

How much does it cost to maintain a yacht?

• How much does it cost to fuel your yacht?
• Is buying a yacht a good investment?

The answers to these questions vary with many factors influencing the cost of each. Simply the location of where you plan to keep and use your yacht can raise or lower your monthly spend to keep your boat maintained in the best possible condition.

( Seen below: The below 2009 Viking 50 is an example of a sportfishing boat recently sold for approximately $1 million. Boat prices have continued to increase since 2020 and are just now beginning to stabilize. )

How much does it cost to store a yacht at a marina?

One of the first and most important questions to answer before you buy a yacht revolves around storage. If you own a water-front home with a dock big enough to safely store your yacht, the savings are substantial. However, if you plan on keeping your vessel at a marina, those costs need to be included in your annual budget. United Yacht broker Christopher Cooke  owns his own yacht management company and often helps his clients find a space at a marina. "The cost of keeping your yacht at a marina really varies by location," said Chris. "You are charged per foot, but that cost can change not only depending on what county you're in, but also how many amenities are at the marina."

"In Florida, the marinas in Martin County for example, can be half the cost of Miami-Dade," continued Christopher. "It really all depends on your boating plans, where you live, and how far you're willing to travel to be at your boat."

Sailfish Marina of Stuart is a popular yacht storage facility in Martin county that is the closest marina to the St. Lucie Inlet also with accommodations for a 60-foot and over boat. There is a fuel dock at the marina as well as a tackle shop.  If you purchase a slip for a full year on an annual contract, the cost is $20-$22 per foot of your "Length Overall" . This is important, because while some boats might be called a "60", they may very well be 62 feet in length and cost more. Additionally, if you want electricity, water, and waste removal, it can cost you an extra $175 per month for one 50amp line.

Just 40 miles to the south, in the heart of Palm Beach County, sits Palm Harbor Marina. With over 200 slips, some of which can accommodate a 250-foot superyacht and state-of-the-art Marinetek concrete floating docks, the cost is much higher. Using the same example of a 60-foot cruising yacht, the cost of storage is approximately $5,760 per month, along with a $500 per month utilities fee. "With a place like Palm Harbor Marina, boaters are paying for the amenities and the location," continued Chris. Palm Harbor Marina features a yacht club with a hospitality bar and media center, a complete fitness center, game room, deli, concierge, as well as being right next to the best restaurants and nightlife in Palm Beach.

(Seen below: A yacht is welcomed by the professional staff that includes golf cart service. Photo credit: Palm Harbor Marina website.)

"For a yacht that's 60-feet, later model year, and with average usage, you can expect to pay $60,000 per year in preventative maintenance costs ," said Cooke. "And by average use I mean 150-200 hours per year. But that's assuming nothing goes wrong and has to be replaced. Typically you're looking at $4 per foot to have someone dive it, another $4 per foot to have it washed regularly, and then another $1,000 or so to go through and do a full systems check. These costs can definitely vary though depending on the boat and location. Because of inflation with the price of materials and labor, these costs have really gone up over the last 2 years." 

The best advice Christopher has for boat owners of this size is to hire a yacht management company. Yacht Management companies often oversee anywhere from 10 to 50 boats at any one time, Christopher currently has 30. The yacht manager will ensure the boat is clean, all systems checked like transmission and generators, the running gear checked, oil changes are done, and that nothing is starting to fail. Preventative maintenance can save thousands of dollars in the long run of yacht ownership and will end up paying for itself. Many yacht owners have work or other hobbies that take their time away from being able to devote to the proper maintaining of their vessel. The result can be negligence in the upkeep of the boat, causing systems to fail, and end in more costly repair bills. If you're going to spend the money on a nice yacht, a yacht management company is a smart choice.

How much does it cost to insure a yacht?

Joshua Giordano of Global Marine Insurance Agency is no stranger to insuring boats from New York to Florida. In fact, In fact, with over 20 years in the marine industry Joshua offers a unique understanding of marine insurance as it pertains to personal watercraft, boats, and yachts. This knowledge and experience allows him to find the best boat & yacht insurance at the best price.

"We get asked all of the time how much it costs to insure a yacht and the answer is it really depends on where you live and keep the yacht," says Joshua. "For a 60-foot yacht in the Northeast, you're looking at between $6,000 and $8,000 per year for insurance. Come down to Florida and that same boat is going to be $10,000 to $12,000 to insure assuming it's for private use only. If you plan to put your vessel into a yacht charter program in Florida, then costs go up $14,000 per year."

(Seen below: A 62' Azimut Yacht in Florida, if kept at a marina, will likely cost about $10,000 per year in insurance.)

How much does it cost to fill a yacht with fuel?

Trying to budget your annual expense for fuel can be difficult. Not only do some yachts have larger fuel capacities, but their fuel burn and range can also vary. This also then dependent upon how much you use your boat and how hard you will be running the engines. Cruising at lower rpm's at around an 8-10 knot speed can mean better fuel efficiency with longer running times between trips to get more fuel.

Assuming your 60-foot yacht has a fuel capacity 1,200 gallons and with an average fuel price of $5.50, and it will cost $6,600 to fill up. For new boaters, it's really difficult to gauge how much fuel you might use in a year and only personal experience and time on the water can help narrow down that annual cost.

Fuel costs per location also can change depending on where you are boating. The Waterway Guide offers up-to-date pricing on fuel at major marinas through the United States. For example, diesel fuel in Jacksonville, Florida is currently ranging from $5.40 to $5.90 depending on which marina you stop at. In comparison, stopping for diesel in the Florida Keys will start at $4.90 and could be as high as $5.30 per gallon.

Can you finance a yacht?

Finacing a yacht is very common," says Shana White with OceanPoint Marine Lending. "There are many attractive programs out there that can be tailored to fit the bueyer's needs. The boat loan approval process usually takes between 24 and 48 hours to receive an answer." Things like your income-to-debt ratio, credit score, credit history, and asset verification all go into whether or not a bank will loan you the money for a yacht. A favorable rate for a yacht loan could be 4% in the current market with other possible discounts available. Check out our Boat Loan FAQ's page for more information.

Is owning a yacht a good investment?

Why Are Yachts So Expensive?

Can I Sell My Yacht Without A Broker?

What To Know When Buying A Boat

What is the best sport fishing boat?

How Much Should I Pay For A Yacht?

Owning a yacht is an investment in yourself, not a financial one. Boats depreciate in value, they cost money to maintain, and you will almost never sell it for more than what you paid for it. The memories you create with your friends and family on a yacht, however, are worth more than words can describe.  Peter Schmidt talks about why to own a yacht after more than 40 years in the business, "Owning a yacht is a good thing, one of the joys of life. Don't let anyone tell you otherwise. A yacht allows you to make memories you never dreamed possible!" Peter is also a current boat owner and has owned several throughout his life. His kids now own their boats and are teaching Peter's grandchildren the joys of being on the water. "I love boating and my kids love boating. It gets in your blood and gets passed down through the generations. There simply is no greater pastime than owning a boat. Yes, there are some inconveniences along the way with repairs, but the good far outweighs any temporary inconveniences." 

Peter suggests "speaking to a knowledgeable, professional, and experienced yacht broker near you about the costs of yacht ownership. If you don't have a relationship currently with a United Yacht broker, please give our main office a call at (772) 463-3131 and we will connect you with the best broker to service you based on your location and boating needs.

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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.

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How Much Does a Yacht Cost?

11th jul 2023 by samantha wilson.

We hear the question, “How much does a yacht cost?” on a regular basis, and it’s a difficult one to answer. Much the same as with houses, the prices vary in a surprising way depending on size, style, age, and finish (not to mention location). We’re talking millions of dollars in price difference for yachts, as well, because there are yachts of many different sizes with all the same variations. But first, let’s tackle the more fundamental question, “What is a yacht?’

What Classifies as a Yacht?

To begin with, a yacht can be a sailing yacht or a motor-powered yacht. Merriam-Webster Dictionary defines it as “any of various recreational watercraft: such as a) a sailboat used for racing; b) a large usually motor-drive craft used for pleasure cruising.” Size is not technically part of the definition, but in modern practice, size has a whole lot to do with it.

Many in the industry classify a boat as a ‘yacht’ from 40 feet up to 70 feet, although there are others who will include vessels as short as 33 feet . Not too many years ago, yachts as small as 80 feet (24 meters) were considered superyachts, but with the proliferation of much larger yachts, 130 feet (40 meters) is a more common yardstick. Beyond that are megayachts, variously defined as beginning at 165 feet (50 meters) or 200 feet (60 meters). 

The point is, there are no hard-and-fast rules, and what may be one person’s pretty little 20-foot sailboat may be another’s luxury sailing yacht. And any shiny, private vessel 40 feet and up will be called a yacht by almost everyone.

While size is the main determining factor in labeling boats as yachts, amenities aboard also play a role. For example, yachts frequently have cabins and heads below allowing for overnight stays, as well as a galley, and plenty of deck space for leisure. 

The term ‘yacht’ has become synonymous with luxury, especially with the boom in huge superyachts across the world. But a yacht doesn’t have to be fancy. A sprightly 30-foot trawler yacht might look to some like a luxury palace, but Jeff Bezos and the guests aboard his brand new $500 million sailing yacht Koru would probably see it differently. 

Cost of Buying a Yacht

Looking for an average price across all types of yachts isn’t helpful either, with sizes of yachts varying from 30 to 300 feet. And that doesn’t take into account whether a boat is new or used.  Broadly speaking, in the United States you can often buy a small used sailing yacht for $15,000 or less, and you can expect that figure to go up to $50,000 or $100,000 for a small motor yacht. A larger motor yacht, or even a new 40-foot day boat, can easily run up to $1 million or more. Superyachts, of course, will cost multiple millions of dollars. 

Cost of Owning a Yacht

The cost of owning a yacht goes far beyond the initial purchase price, and even if you’re in the market for a small yacht, you’ll need to factor in the annual costs which include:

• Marina fees: These will vary depending on your location and the size of the boat. Expect to pay from $5,000 for a yacht at the smallest end of the scale up to tens of thousands for larger yachts.
• Insurance: As a general rule, you can expect to pay around 0.5 percent of the value of the boat annually. Check out our guide to boat insurance for more information. 
• Maintenance and repairs: As a rough estimation you can expect to spend around 10 percent of the value of the boat on upkeep each year. This might be lower if it’s a new yacht.
• Fuel: This will vary depending on how far you cruise and how large the yacht is.
• Crew: Yachts up to 70 or 80 feet often don’t require a crew, but the larger the yacht, the more crew it will need. Crew salaries range from $3,200 per month for junior crew to $10,500 per month for captains and chief engineers. In general, a yacht of 80 to 100 feet in size will require a crew of between two and eight, while yachts between 100 to 200 feet will require between 8 and 20 crew members.
• Depreciation: Brand new boats depreciate the most and the quickest, with most depreciating by 40 to 50 percent of their initial price over the first 8 to 10 years.

Read more about the Real Costs of Boat Ownership as well as Top Tips to Lower the Costs . 

Types of Yachts per Cost

When we talk about yachts and their values, we usually refer mostly to the length of the yacht as that tends to be the identifying factor, but the style, engine size, and finish also play a huge role in determining how much they cost. Here we take a look at the average price differences between new and used yachts in the United States at varying sizes. 

How much is a small yacht? (25 to 40 feet)

A small yacht around 40 feet (often referred to as a cabin cruiser) is often considered an entry-level yacht, but a big step up from much smaller day boats. These are likely to have cabins, heads, and a small galley, and most offer the chance to spend weekends onboard. Prices will vary widely depending on whether it’s a used or new boat, and depending on the model, finish, and engines. New and recent-model yachts around 38 to 40 feet may cost anywhere from $250,000 to over $1 million, while the price of older models is often substantially lower. The average price in the United States for all new and used yachts sold between 36 feet to 45 feet was $238,000 according to the Boats Group Market Index of 2022.

When we’re looking at smaller yachts around 25 to 30 feet , these are unlikely to have cabins and so are considered day cruisers. Motor cruisers between 25 and 30 feet range from $70,000 for an almost-new model to well over $100,000 for a brand new one. Of course, yachts with smaller engines and simpler layouts will have considerably lower price tags, but those with premium finish and accommodations may cost much more—for example, a new Ranger 29 (pocket trawler) starts at over $350,000. See our guide to the different types of boats for a better understanding of what is available and what might be right for you. 

How much is a medium-sized yacht? (40 to 70 feet)

Mid-sized yachts that fall within the 40- to 70 -foot category vary in price from around $250,000 to well beyond $4 million, a figure that depends on the size, model, finish, engines, and extras, as well as whether it’s a brand new boat or used. According to the Boats Group Market Index of 2022, the average yacht price in the United States of vessels 46 to 55 feet was $467,899 with 2,273 boats sold, while the average price for yachts in the 56 to 79 foot category was $1.18m with 997 sold in 2022. 

Yacht prices vary a lot depending on whether the yacht is new or used. As an example, the base price for a new Viking 58 is $4.1 million, a three-year-old model can be purchased for $3.5 million for, and a 10-year-old model for $600,000. Check out our new and used luxury yachts for sale on Rightboat for more comparisons. 

How much is a sailing yacht?

Long before the combustion engine was invented, yachts (or sailboats) graced our oceans for centuries. While these days we tend to think of yachts as the luxurious motor vessels that far outnumber their sailing counterparts, sailing yachts have their own class. As we’ve seen with motor yachts, the size, age, and finish of a sailing yacht will determine the price tag, with prices ranging from $5,000 to several million dollars—and much more for superyachts. The largest sailing yacht in the world is Sailing Yacht A , which cost an estimated $600 million and measures 470 feet in overall length. 

When referring to larger sailing yachts—and by larger we are talking about 100-foot yacht prices—there is a “rule of thumb” estimate of $1 million per 3 feet in length. So a 100-foot yacht may cost in the region of $30 million. But sliding back down the length ladder, it’s possible to pick up a small, used sailing yacht for a fraction of that. A 55-foot yacht that has been sailing for a few years may sell for around $700,000, whereas a new one could easily retail for $2 million or more. An older (30 to 40 years) sailing yacht of 30 to 35 feet might cost only about $25,000 while a brand new one might cost $250,000 and more. See what you can get for your money with our sailing yachts for sale on Rightboat. 

How much is a luxury yacht or superyacht?

Superyachts are some of the most luxurious vessels on the sea, and they don’t come cheap. As mentioned, yachts above 78 feet (24 meters) are accepted by many as superyachts; when they range up over 165 or 200 feet, some in the industry refer to them as megayachts. This term is still debated in some quarters, so you may hear yachts over 300 feet referred to as superyachts too.

Superyachts require a full time crew to manage them, and this adds considerably to the overall cost of running such a large vessel. Given that, how much does a superyacht cost? The costs vary, with some estimates of up to $1 million per foot of length to build a new top-of-the-line custom superyacht. Used superyachts will cost less than a new build, and you may be able to buy a 10-year-old, 90-foot superyacht for around $2.5 million—although most owners will engage in a significant and costly refit every 10 years. Models less than five years old will be closer to the $4 million mark, while a brand new one will cost around $9 million. Check out our listings for superyachts for sale all across the world. 

How much is a megayacht?

When we reach megayacht status, prices skyrocket along with the length of the vessels and the volume of the interiors. The largest megayacht in the world is currently Azzam, 590 feet long at a cost of $600 million to build. Yachts in this class are the most luxurious in the world, and feature large swimming pools, helicopter pads, huge guest and crew accommodations, beach clubs, and much more. The upkeep of vessels of this size can run to $20 million or more for the crew fees, fuel, mooring fees, insurance, food, and maintenance. If you want to set eyes on the world’s most astounding superyachts and megayachts check out our superyacht travel guide to where you might find them, or use our search to discover megayachts for sale . 

Written By: Samantha Wilson

Samantha Wilson has spent her entire life on and around boats, from tiny sailing dinghies all the way up to superyachts. She writes for many boating and yachting publications, top charter agencies, and some of the largest travel businesses in the industry, combining her knowledge and passion of boating, travel and writing to create topical, useful and engaging content.

More from: Samantha Wilson

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How Much is a Yacht?

As yachts range in size from about 33 feet at the very low end to as much as 400 feet and more, the average yacht price is not typically a good indicator of what most owners are going to pay. Based on data collected in the Boat Group market index, the average cost of a yacht in the 56′-79′ range for 2021 was $1.1 million in the US. We’ve compiled some examples below with prices gleaned from sites like Boat Trader and YachtWorld to provide a frame of reference for just how much you can expect to pay for a range of yachts based on length.

Average 40+ Foot Yacht Prices with Examples

Not everyone thinks a boat qualifies as a yacht at this size. Some people believe a yacht isn’t a yacht until it is over 60 feet but others are willing to go down as far as 33 feet. These vessels are often called cruisers rather than yachts. Yacht owners themselves even disagree here.

What you might consider a small yacht of under 40 feet would likely cost at least $200,000 to $500,000. The average price in 2021 for yachts that cut this through the middle, meaning yachts that ranged from 46 feet to 55 feet was just over $424,000. These are also considered entry level yachts for those interested in getting into the world of yachting. The average price for yachts that ranged from 36 feet to 45 feet was $213,436.

• In terms of examples, a 2005 Cruisers Yachts 420 Express that clocks in at 42 feet was going for $219,000 in 2022. 
• At the same time, a brand new 46 foot 2023 Cruisers Yacht 46 Cantius would cost $1,785,000.

As you can see, a newer yacht is definitely going to cost a lot more than an older yacht, but some older vessels do manage to hold onto their value if they have been kept in good condition over the years. Retrofits to keep up with technology and also repair or upgrade and features on the yacht can ensure the value stays competitive. 

Average 50 Foot Yacht Prices with Examples

Yachts from 50 to 60 feet may cost $500,000 to over $1 million. These larger yachts are typically not just day cruisers so a vessel of this size will have the features and capacity to keep you comfortably at sea for a few days. You should have a good sized cabin on a boat of this size and adequate features for cruising, sport fishing or more. 

• A 1993 50 foot Columbia Cutter sailing yacht came with a $129,000 price tag in 2022 which is a good deal below average but it’s also nearly 30 years old. 
• At the same time, a 55 foot 2021 Hinckley Talaria 55 MKII Flybridge had a price tag of $6,750,000 thanks to upgraded MAN 12V-1400 hp engines. So, at this size, the engines and features really can make all the difference to the tune of millions of dollars. 

Average 60 Foot Yacht Prices with Examples

At 60 feet and above we’re dealing with boats that meet nearly everyone’s definition of a yacht. By the same token, these are getting to the far end of what a typical individual owner could handle alone without a dedicated crew. Boats of this size typically have cabins to allow several guests to join you at sea, and more features to make the stay more comfortable, but the prices can start broaching the $5 million mark and higher.

• A 60 foot 2020 Cruisers Yachts Cantius went for $1.5 million in 2022 which, all things being equal, was a really good deal for a vessel that only had 380 hours of time at sea. 
• At the same time a 2019 68 foot 2019 Gunboat Highland Fling was going for $7,264,000. 

Average 70 Foot Yacht Prices with Examples

When you reach 70 feet it’s all but impossible to manage such a vessel without a crew and would probably be unsafe to try. For the cost, it’s also unlikely anyone would try. When you can afford a boat of this size, you can certainly afford to ensure she’s crewed properly. Yachts of this size will have cabins and crew quarters, likely for several guests. You may also find larger areas on the deck to entertain and relax. It’s not unreasonable for yachts of this size to reach $10 million. 

• A 77 foot 2019 Paul Mann convertible could set you back $9.6 million
• Far at the other end of the spectrum, a 1989 Maxi Maxi 72 foot Ocean Racer sailing yacht could be snagged for just shy of $130,000.

Average 80 Foot Yacht Prices with Examples

Once you reach 80 feet you absolutely must have a crewed vessel. You will likely have cabins for a good half dozen guests at this point or more. Prices for yachts of this size can easily top $10 million. The average price for yachts 80 feet and above in 2021 was $5.3 million.

• An 83 foot Versil Craft 26 yacht from 1984 can still set you back just under $250,000 at this price. 
• At the other end you can get a 2018 Merritt 86 convertible for $13,250,000. This is a custom yacht with room for 8 plus 2 crew in 5 staterooms.It features twin 2600hp MTU diesels, side thrusters, pop up TV, water purification systems, 4 heads, and much more to account for the price. 

Average 90 Foot Yacht Prices with Examples

At 90 feet we’re starting to get to the end of what people consider “normal” yachts and are encroaching on the superyacht. Not quite yet as most people consider a superyacht to be 120 feet or more, but this is definitely the outer range of yachting and really deep into the luxury type vessels. At this size you can find yachts that reach over $15 million though there are still relatively good deals to be found if you are looking for much older vessels.

• A brand new, 2024 Drettmann Bandido 100 boasts a price tag of just a few dollars shy of $16 million. 
• A 98 foot Benetti 100 from back in 1973 clocks in at a respectable $290,000.Except that it’s been completely gutted of engines and fixtures and everything so it’s basically just a hull. This goes to show just how expensive these boats truly are when you’re paying over a quarter of a million dollars for a 50 year old frame.

Average 100 Foot Yacht Prices with Examples

When you reach 100 feet even a used yacht that is a few years old will likely be over $5 million with prices for newer yachts reaching $50 million or more. Boats of this size under $1 million can be found but they are generally unfinished or gutted and in need of a retrofit. Some like a 1975 Supercraft Superyacht can be found for under $400,000 but the vessel is extremely old and a difficult sale which is why the relative bargain presents itself. 

• For an updated and ultra sleek 104 foot vessel, there’s a 2022 Gulf Craft Majesty 100 that will set you back $75 million.
• A 1990 Azimut 90 Europa that measures 101 feet has a price tag of $507,000 with the acknowledgement that it may also require some additional refits to the over 30 year old boat.

Super Yacht Prices with Examples

Above 120 feet you are now in the superyacht territory. Some would also break this down further with megayachts at 200 feet and gigayachts at 400 feet. Regardless of the size breakdown, these are massive vessels that often include very luxurious features like swimming pools, spas, tender garages, game rooms and a lot more. These must have a crew, often of dozens of people, in order to run smoothly. The yearly maintenance costs for these yachts can be staggering and sometimes can reach up to $10 million to $20 million and even more, just for the crew, fuel, yearly harbor fees, yacht insurance and additional costs. While that does seem like a lot of money, it’s somewhat tempered by the knowledge that any yacht owner who can afford a $400 million yacht can properly just as easily afford what are relatively small in comparison maintenance and upkeep costs.

• In 2022, Global Regal Yachting was offering a German built, 331-foot yacht to be built under the name Shatoosh and delivered in 42 months for a total price of $191.8 million. So you could have your own custom built mega yacht for just under $200 million, but it will take 3 and ½ years to get to you.
• On the smaller end, a 1984 Canados coming in at just 121 feet would cost you about $830,000 US. No word on the condition beyond “good.”

Is Every Yacht a Luxury Yacht?

Not every yacht on the water qualifies as a luxury yacht, despite the fact that the word yacht tends to make us think of luxury when we hear it. Part of the problem here is that the language and terminology really doesn’t have a set in stone meaning. What may be luxurious to some is not luxurious to others. But it’s safe to assume that if you have a 35 foot cruiser it will probably not be as luxurious as Jeff Bezos’ $500 million yacht or some of the other most expensive yachts in the world.

Features that tend to make a luxury yacht different from a normal yacht which can increase the price:

• Most luxury yachts are also super yachts (120 feet) or megayachts (200 feet) and even gigayachts which would be the biggest yachts in the world (400+ feet)
• A crew is needed to operate most luxury yachts
• Accommodations for multiple guests
• On board swimming pool
• Tender garage with water toys
• Jacuzzi tubs
• Dance floors/discos
• Multiple dining rooms

Because most of these features won’t exist on smaller “normal” yachts, they can cost a significantly lower amount of money. A yacht used for day cruising or sport fishing that’s 50 feet or under will not have any of this but, as we covered, can cost a fraction of what these larger and more luxurious yachts cost.

Luxury Yacht Charter Cost vs Purchase Price

For many people the prospect of buying a superyacht is quite unattainable, but there’s always the possibility of chartering a yacht. That said, a superyacht charter can still cost a large sum of money. Yacht rental costs, especially on an all inclusive yacht charter, can be steep. Some superyacht charters can cost about $150,000 per week. The world’s largest charter yacht, the Flying Fox, which was once believed to be Jeff Bezos’ yacht, charges a stunning $3.1 million per week as the yacht charter base price. That said, it’s believed the purchase price of that yacht was around $400 million as well so, arguably, chartering it is definitely cheaper if you’re just looking to get a feel for it. 

Chartered yachts come with crews who are being paid to make your stay better as well. If you own the yacht outright, you pay the crew and therefore decide everything they are going to do so there are no surprises there. 

When you charter a yacht, especially when you’re paying over $1 million per week, you can expect a crew that can provide the following services:

• Expert massage therapists and beauticians provide relaxation and associated services from massage to manicures, face masks, body treatments and hair styling as well.
• Personal trainers to assist you with workouts in the gym and around the yacht as you like.
• Trained chefs able to create unique dishes as well as recreate your custom ordered favorites at a moment’s notice. Many high end yachts will fly in ingredients if necessary. Many chefs on these yachts are the highest caliber in the world and run Michelin-starred restaurants.
• Use of that same helicopter to transport you and guests to and from the boat.
• The absolute coolest toys you can use on the water including jet skis, Flyboards, trampolines, slides and scuba diving .

Essentially a yacht charter price asks you to pay for a resort at the sea while the purchase price puts you in charge of the resort and all of the potential jobs that might come with it. For some that’s not a big deal, of course.

Sailing Yachts vs Motor Yachts

In general, expect a sailing yacht to cost less than a motor yacht, especially over the long term. Engines are a big expense on yachts so they can often take a huge chunk of your upfront price right there. Then, over time, the expense of running the yacht should be factored in as well and that’s where a motor yacht will continue to hit your wallet. The price of fuel will always add to the costs year over year, plus repairs and retrotfits. On some of the larger superyachts, fuel costs can reach well into the millions over time. 

The Bottom Line

The price of a yacht can range from under $200,000  at the low end of things with older or smaller yachts, all the way up to tens of millions of dollars. Jeff Bezos is believed to have spent $500 million on his yacht and the yacht known as the Eclipse is thought to have cost well over $1 billion.

The average yacht cost in 2021 was $1.1 million and that’s for yachts that range from 56 feet to 79 feet. Superyachts and other more luxurious vessels will cost significantly more. Just chartering a superyacht can cost millions of dollars per week, but at least then you get full VIP treatment with none of the administrative hang ups involved in running such a large and expensive vessel.

My grandfather first took me fishing when I was too young to actually hold up a rod on my own. As an avid camper, hiker, and nature enthusiast I'm always looking for a new adventure.

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Yacht Operating Cost Calculator

How much does it cost to operate a yacht? The cost of operating a yacht can vary significantly depending on factors such as size, type, location, maintenance, crew salaries, fuel consumption, and insurance. It could range from tens of thousands to millions of dollars per year.

What is the annual cost of owning a yacht? The annual cost of owning a yacht includes expenses like maintenance, insurance, dockage, crew salaries, fuel, and other operating costs. For larger yachts, the annual costs can easily reach hundreds of thousands or even millions of dollars.

How much does it cost to run and maintain a yacht? The cost of running and maintaining a yacht depends on various factors, including the size of the yacht, its age, the type of maintenance required, and the level of usage. Regular maintenance and repairs can be a significant ongoing expense.

How much does it cost to run a private yacht? The cost to run a private yacht can vary widely based on factors like size, fuel consumption, crew salaries, maintenance, and other operational expenses. It could range from tens of thousands to hundreds of thousands of dollars per year.

Can a yacht pay for itself? In some cases, yacht owners may charter their yachts to guests to offset some of the operating costs. This can help a yacht generate income, but it’s unlikely to fully cover all expenses and make a profit.

Is it profitable to own a yacht? Owning a yacht is generally not considered a profitable investment. While chartering the yacht to guests can generate some income, the overall expenses of owning and maintaining a yacht often outweigh the potential income.

Are yachts a good investment? Yachts are generally not considered good financial investments. They are luxury assets that come with high costs and depreciate over time. Yacht ownership is more about lifestyle and enjoyment rather than financial return.

How often do owners use their yachts? The frequency of yacht usage varies among owners. Some may use their yachts frequently, while others might only use them occasionally, like during vacations or special events.

What is the average yacht salary? The average salary of yacht crew members can vary based on their positions and experience. Captains, engineers, and senior crew members generally earn higher salaries compared to entry-level positions.

What is the average net worth of yacht owners? The net worth of yacht owners can vary significantly, but it is typically in the high millions or even billions for those who can afford to own large yachts.

How many miles does a yacht last? With proper maintenance, yachts can last for several decades. The lifespan of a yacht depends on the construction quality, materials used, and how well it is taken care of.

How many crew for a 100-foot yacht? A 100-foot yacht typically requires a crew of 3 to 5 members, including a captain, engineer, deckhands, and stewards/stewardesses, depending on the yacht’s operations and owner’s preferences.

Why are yachts limited to 12 guests? Yachts are often limited to 12 guests for safety reasons and to comply with maritime regulations. The number of guests is usually determined by the yacht’s size and safety equipment onboard.

Do private yacht owners tip their crew? Tipping practices can vary, but it is not uncommon for private yacht owners to give gratuities to their crew members for exceptional service.

Can you permanently live on a yacht? Some people choose to live on yachts as their primary residence. However, this lifestyle comes with unique challenges and considerations, including docking fees, maintenance, and access to essential services.

Do you have to pay taxes if you live on a yacht? The tax implications of living on a yacht can vary based on the yacht’s location, the owner’s residency, and other factors. It’s essential to consult with tax professionals to understand the specific tax obligations.

What tax breaks do you get for owning a yacht? Tax breaks for yacht ownership may vary depending on the country and its tax laws. Some countries offer tax incentives for yacht owners, such as reduced VAT rates for chartering or ownership.

Can you take a mortgage out on a yacht? Yes, it is possible to take out a mortgage on a yacht. Yacht financing is available through specialized lenders, similar to other types of asset financing.

Why do the rich buy yachts? For the wealthy, buying a yacht can be a status symbol and a way to indulge in a luxurious lifestyle. Yachts also offer privacy, freedom to travel, and the opportunity to entertain guests in a unique setting.

Do yachts go down in value? Yachts generally depreciate over time, like most luxury assets. However, the rate of depreciation can vary depending on factors such as maintenance, age, and market demand.

What is the point of buying a yacht? The main reasons for buying a yacht include leisure, travel, privacy, entertainment, and enjoying the luxury of the yachting lifestyle.

What are the disadvantages of a yacht? Disadvantages of yacht ownership include high operating costs, maintenance expenses, depreciation, limited usage, and the need for experienced crew.

How quickly do yachts depreciate? Yachts can depreciate quickly, especially during the first few years of ownership. Afterward, the rate of depreciation may slow down, depending on the market demand and condition of the yacht.

What time of year is best to buy a yacht? The best time to buy a yacht can vary based on the market and individual circumstances. Some owners prefer to sell in the offseason, while others might list yachts when demand is high.

How to make money with a yacht? Making money with a yacht can involve chartering it to guests, participating in regattas or events, offering filming locations, or using it for commercial purposes when not in personal use.

Is it cheaper to buy or build a yacht? Building a custom yacht can be more expensive than buying a pre-owned one. Buying a used yacht is generally more cost-effective, but it depends on individual preferences and requirements.

How does it feel to own a yacht? Owning a yacht can provide a sense of luxury, freedom, and exclusivity. However, it also comes with responsibilities and significant costs for maintenance and operations.

Do yacht owners sleep with crew? Relationships between yacht owners and crew members vary and depend on individual situations and personal boundaries. It is essential to maintain professionalism and respect onboard.

Where do rich people keep their yachts? Rich people keep their yachts in various places, including private marinas, superyacht berths, or while cruising in different regions around the world.

What is the average age of a yacht owner? The average age of yacht owners can vary, but many yacht owners tend to be in their 50s or older, as yacht ownership often requires significant financial resources.

How much does a captain make on a private yacht? The salary of a captain on a private yacht can vary based on the yacht’s size, the owner’s preferences, and the captain’s experience. It can range from tens of thousands to over $100,000 per year.

What is Captain Sandy’s salary? As of my knowledge cutoff in September 2021, Captain Sandy Yawn from the reality TV show “Below Deck Mediterranean” reportedly earns a salary of around $120,000 to $130,000 per charter season. However, salaries can change, and it’s always best to verify up-to-date information.

How much do yacht pilots get paid? Yacht pilot salaries can vary widely depending on their experience, the size of the yacht, and the owner’s preferences. Experienced yacht pilots can earn significant salaries.

How many yachts does Bill Gates own? As of my last knowledge update in September 2021, Bill Gates owns several yachts, including the 112-meter superyacht “Luminary” and a luxury yacht named “Aqua.”

Is it cheaper to live on a yacht? Living on a yacht can be cheaper than traditional homeownership in some cases, especially if the yacht owner travels frequently and avoids high-cost housing markets.

What is the largest yacht that doesn’t need a crew? There are some larger yachts, typically under 50 feet, designed for easy single-handed operation and may not require a dedicated crew.

What happens if a yacht runs out of fuel? If a yacht runs out of fuel, it can be stranded at sea until assistance arrives. Proper fuel management and planning are essential to avoid such situations.

Can you take your yacht anywhere? Yachts offer the freedom to travel to various destinations, but they are subject to maritime laws, regulations, and restrictions based on their flag state and the countries they visit.

How big is the gas tank on a yacht? The size of a yacht’s fuel tank varies widely depending on the yacht’s size and type. Larger yachts can have fuel tanks with capacities of thousands of gallons.

What size yacht requires a captain? The size of the yacht that requires a captain can vary based on local regulations and the owner’s preferences. In many regions, yachts over a certain length, such as 75 feet or more, require a licensed captain.

Can a 100-foot yacht cross the Atlantic? Yes, a 100-foot yacht can cross the Atlantic Ocean with proper planning, crew, and navigational equipment. Many yachts of this size are equipped for long-range cruising.

How much does a 100-foot yacht captain earn? The salary of a captain for a 100-foot yacht can vary based on experience, qualifications, and the owner’s preferences. It can range from tens of thousands to over $100,000 per year.

GEG Calculators is a comprehensive online platform that offers a wide range of calculators to cater to various needs. With over 300 calculators covering finance, health, science, mathematics, and more, GEG Calculators provides users with accurate and convenient tools for everyday calculations. The website’s user-friendly interface ensures easy navigation and accessibility, making it suitable for people from all walks of life. Whether it’s financial planning, health assessments, or educational purposes, GEG Calculators has a calculator to suit every requirement. With its reliable and up-to-date calculations, GEG Calculators has become a go-to resource for individuals, professionals, and students seeking quick and precise results for their calculations.

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How Much Does a Yacht Cost?

Living in luxury can be rather expensive, and if you want to learn more about purchasing a yacht, or maybe you just are curious on what the prices are, there are many things to learn about them in general.  Just like many other transportation methods out there such as a car, boat or bike, there will be many factors which affect the price.

How much does a yacht cost?

The cost of yacht is dependent on the year, make/model, length, type (sail, motor, super, passenger, commercial, power, high performance) and seller.

A typical 20-foot yacht will cost anywhere from $35,000 to around 75,000 .

A midsized yacht around 30 feet can cost as much as $250,000 .

Larger yachts around the 50-foot range can easily reach the $1,000,000 mark.

Rare models longer than 100 feet can surpass  $5,000,000 .

For example, a 150-footer can cost as much as $35 million.

According to Forbes , some of the most expensive Yachts cost more than $103 million dollars.

Used cabin cruisers can cost $15,000 to $45,000.

See what popular yachts and yachts owned by celebrities cost:

What are the extra costs?

Luxuries, such as upgradable kitchens (stainless steel, etc), may be extra.

If you want to upgrade the interior when purchasing used, you may want to treat it like a home.   Remodeling the kitchen or bathroom can cost $10,000+

When traveling across the waters, gasoline can add up fairly quick.  Yachts can have tanks as large as 5,000 gallons.

Factor in other expenses such as upkeep or if it breaks down.  If the yacht breaks down, mechanic bills can easily surpass the thousand dollar mark.  As for maintenance costs, plan on spending at least 8 to 15 percent of the initial price for annual upkeep.  If the boat cost $200,000, it’s best to budget at least $20,000 per year for upkeep.

Boats will require licenses, registration, and insurance.  This will vary depending on the state you’re registering in.  Boating insurance will widely vary on the value of the boat.  On average, plan on budgeting at least $500 for a policy at the minimum.

Marina and ramp fees can cost more than $200,000 per  year.  Since you will have to store it, the costs will greatly depend on the size of your yacht and the marina.

If the yacht has to be towed from one marina to another, shipping fees can reach well into the thousands of dollars.

Due to the complexity of these boats, an engineer and captain is highly recommended for trips.  Plan on spending at least $800 to $1,000 per foot for a trip.  Mechanics can command higher prices.  An additional crew may be needed, depending on the size.

Mooring around the world can cost you more than $4,000 per night in some areas.  If an event is going on, such as the Monaco Grand Prix, your five-night stay could be $100,000 .

Tips to know:

Yachts are going to be very expensive.  Before you even start the shopping process, you’re going to want to know what your budget is going to be.  If you’re having a hard time finding a yacht that fits within your budget, you may want to meet with a specialized broker who can assist you with the entire process.

The next thing that you’re going to want to look at are your goals.  Do you want to travel the world in this yacht?  Are you just looking for an afternoon boat?  Whatever it may be, each yacht can cater to different types of activities.

If considering used, be sure to note the age.  Like a home, things inside the boat will start to go bad such as the appliances, floors and plumbing.  The exterior of the boat is also something to consider as well as the exterior will need close attention such as routine cleanings.

Luxyachts.com has an operating cost calculator to give you an idea what it may cost to operate one.

How can I save money?

Consider purchasing used.  Websites such as YachtWorld.com have many ads to browse.

If you can’t afford one, consider joining a club where you can either rent one or split it with other members.

Marine mortgages, similar to a home mortgage, are available for owners interested in buying one.

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• Cars, Jets & Yachts

How Much Does a Yacht Cost to Build?

The cost to build the world's largest superyachts is a closely guarded secret.

By Kim Ayling

The freedom that comes with owning your own yacht is unrivaled and, if you have the funds to do so, the joy of building your own is even better. However, with prices easily creeping up into the hundreds of millions, and even billions, we ask the all-important question: how much does a yacht cost to build?

Unsurprisingly, the total cost to build the world’s most famous yachts is a closely guarded secret, but there are a few fairly reliable estimations sailing around the industry. One standard way to work out how much a yacht will cost to build is price per gross weight. However, while this can be a helpful guide in valuing yachts, it doesn’t always correlate.

For example, it is thought that Lurssen’s 590-ft Azzam , which features a bulletproof owner’s cabin, an onboard golf practice suite and a submarine, cost in the region of $600m to build. At approximately 13,136 gross tons (GT), that would have made her around $45,676 per GT.

REV , on the other hand, which while still in construction is set to surpass Azzam as the largest yacht in the world at an impressive 602ft, is estimated to be costing around $350m to build. Her weight is thought to be around 17,440 GT, putting her at $20,069 per GT. Clearly, biggest doesn’t always mean most expensive. So what does affect the cost of a yacht build?

[See also: How Much Does it Cost to Charter a Yacht?]

REV is thought to be costing around $350m / ©REV Ocean

Custom vs pre-designed yachts

Firstly, you need to decide the kind of yacht you want: custom or pre-design. Naturally, a custom yacht build will be more expensive. But, for that extra cost, you will get full control over the design, the finish and everything in between.

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A pre-designed yacht on the other hand will save you both money and time. This category of yacht is built based on an existing model, with finishing touches such as interiors, tenders and layout completed when she’s bought. Obviously, this leaves owners with a lot less freedom over their yacht, but it is considerably cheaper and can be delivered in a matter of months instead of years.

Choosing a yacht builder

The world of shipbuilding is dominated by a few key players. For a fully custom build, the likes of Lurssen, Feadship, Oceanco and Royal Huisman (among several others) rule the roost. With builders like this, you can expect to pay a higher price, but for that, you’ll receive years of experience, industry prestige, and cutting-edge technology and techniques.

The most prestigious shipyards will also inevitably have the most skilled team. The team involved in building a yacht is, to put it simply, vast. From start to finish, hundreds of pairs of hands will be involved in the process, with the key players including a yacht designer (interior and exterior), a naval architect and an engineer, as well as a huge team of skilled laborers. There will also be an owner representative working closely with the shipbuilder to ensure the project is delivered in time and to the buyer’s exacting standards.

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The cost of your yacht build will of course include the wages of each of the experienced people involved in making it, so if you want the best, expect to pay for it.

[See also: Discovering the World’s Most Exciting Superyacht Concepts]

Viva by Dutch shipyard Feadship / ©Feadship

What affects the cost of building a yacht?

Naturally, a huge variety of factors will impact the total cost of building a yacht. Size is of course one of the main considerations, but materials are another key factor that will dramatically impact cost. Aluminum, for example, is favored for being an impressively lightweight hull material but ton for ton, it is far more expensive than steel.

Onboard technology will also see the final cost creep up rapidly. Demand for smart yacht technology, for example, is continuing to grow, with more owners wanting to replicate the ease of voice control tools that they enjoy in their home, onboard their yacht.

And things that we might take for granted on land such as high-speed WiFi become more complicated – and more expensive – on the water. Kitting your yacht out with a satellite dish can set you back anywhere up to $50,000 which while doesn’t sound much in the grand scheme of a multi-million-dollar ship build, is just one of many hidden costs.

How much do yacht toys and tenders cost?

The yacht itself is just the start of the story when it comes to working out costs. On top of the build, potential owners will need to kit out their boat with all the latest toys and tenders – from submarines to helicopters – which can add a serious amount to your total.

For example, a self-drive submersible by Triton Submarines , which will allow owners to see the underwater world in a completely new way, will start at around $15m. Similarly, while you can pick up a low-grade, second-hand tender for a few thousand dollars, a top-of-the-range option will easily creep into the millions.

Ultimately, the only way to work out exactly how much a yacht will cost to build is to make a serious inquiry with a broker, who will be able to connect you with a yacht builder. From here, you can collaboratively work together to ascertain your budget and exactly how much your perfect yacht will cost.

[See also: The Most Innovative Yachts of the 21st Century]

Oceanco, who made the sleek Esquel, is one of the best yacht builders in the world / ©Oceanco

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The Dali Is a Big Ship. But Not the Biggest.

By Ella Koeze

Empire State Building

Approximate

1,454 feet long

MSC Irina Biggest container ship in the world

Up to 24,346 20-foot

containers (T.E.U.s)

200 feet wide

Ever Max Biggest container ship to sail into Baltimore

15,432 T.E.U.s

Eiffel Tower

9,971 T.E.U.s

Container ship of the 1970s

~2,500 containers

Football field

approximate.

Up to 24,346 20-foot containers (T.E.U.s)

Ever Max Biggest container ship to sail in the Port of Baltimore

~2,500 T.E.U.s

Approximate width

Empire State

Biggest container ship

in the world

to sail into Baltimore

Container ship

of the 1970s

Sources: “The Geography of Transport Systems,” by Jean-Paul Rodrigue; VesselFinder; the Empire State Building; the Eiffel Tower; ShipHub; Maryland Port Administration

Note: Widths shown are for the widest point for each ship. One T.E.U., or 20-foot equivalent unit, represents the volume of one 20-foot container, though ships can carry containers of varying sizes.

The container ship that hit the Francis Scott Key Bridge early Tuesday while leaving Baltimore Harbor is enormous. When fully loaded, the vessel, the Dali, can weigh more than 116,000 tons and carry thousands of containers of cargo.

But in comparison with some of the other ships out there, the Dali is a featherweight. The size of the largest container ships has grown, in fits and starts, since the early 1980s. The current largest class of container ships in the world can hold more than twice the amount of cargo that the Dali can.

Container Ships Keep Getting Bigger

20,000 T.E.U.s

Largest ship by capacity

Source: “Port Economics, Management and Policy,” by Theo Notteboom, Athanasios Pallis and Jean-Paul Rodrigue

Note: One T.E.U., or 20-foot equivalent unit, represents the volume of one 20-foot container, though ships can carry containers of varying sizes.

Giant ships have played a central role in the fueling of the modern economy, as global demand for electronics, clothes and other consumer goods continues to grow.

For shipping lines, the bigger the ship, the more cost efficient each voyage becomes.

The rise of massive ships has in turn pressured ports to adapt in order to attract business. For example, when an expansion of the Panama Canal in 2016 allowed larger ships to pass through, major Eastern Seaboard ports reacted by investing billions of dollars, said Jean-Paul Rodrigue, a professor in the department of maritime business administration at Texas A&M University-Galveston.

The ports, including Baltimore, scrambled “to dredge, to expand the infrastructure, to buy new cranes to accommodate these ships,” he said.

In August, the Ever Max, which is over 1,200 feet long and can hold up to 15,432 20-foot containers, became the largest container ship to ever enter the port of Baltimore.

Container ships are only one kind of common commercial vessel, however. Bulk ships and tankers have been on the bigger side for decades, and carry wet and dry goods that include oil and coal — a major export for the Baltimore port. In the 1970s, the decade that the Francis Scott Key Bridge was built, tankers roughly the same breadth and length as the Dali were in use in Eastern U.S. ports.

Bigger ships can create bigger disasters when accidents happen. Size played a role when a 1,300-foot vessel got stuck in the Suez Canal in 2021, causing alarming shipping delays.

The Dali’s size was not necessarily a factor in Tuesday’s accident, and investigators continue to search for sources of the cause. Even for a ship half the Dali’s size, Mr. Rodrigue said, “I suspect the outcome would’ve been the same.”

An earlier version of this article misstated the units of holding capacity for cargo ships. The capacity is measured in terms of TEUs, or 20-foot equivalent units, not containers.

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• International

March 28, 2024 - Baltimore Key Bridge collapse

By Antoinette Radford, Maureen Chowdhury , Tori B. Powell , Elise Hammond and Aditi Sangal , CNN

Our live coverage has ended. Follow the latest news on the Baltimore bridge collapse or read through the updates below. 

Here's what we learned from the authorities this evening

From CNN staff

The federal government has given Maryland officials the $60 million requested to cover the first steps of responding to  the collapse of the Francis Scott Key Bridge , according to a Federal Highway Administration news release.

Federal Highway Administration chief Shailen Bhatt said the emergency funding would go toward removing debris, rerouting traffic and ultimately rebuilding the bridge.

Here's what else the authorities said in a news briefing this evening:

• Four directives to recovery: Gov. Wes Moore outlined four main priorities as Maryland looks to recover after the bridge collapse. The directives include: Continued focus on efforts to recover the construction workers presumed dead "to bring a sense of closure to these families," open the channel and restart traffic to the port, taking care of those affected, rebuilding the Key Bridge.
• Murky water conditions: Moore said the " water is so dark , and debris is so dense, that in most instances our divers cannot see more than a foot or two in front of them."
• Major resources mobilized: The Army Corps of Engineers is moving the largest crane in the Eastern Seaboard to Baltimore to help clear the channel, and it is expect to arrive later on Thursday evening, Maryland Gov. Wes Moore said. Clearing the channel has been an important goal so trade and traffic through the port can resume. The Army Corps of Engineers plan to cover the full cost of clearing the channel where Baltimore's Key Bridge collapsed, Sen. Chris Van Hollen said Thursday.
• One larger vehicle detected underwater: There's at least one vehicle of a large size that has been detected underwater, and it is encapsulated by the superstructure of the bridge, concrete and other things, according to Col. Roland L. Butler Jr., the superintendent of Maryland State Police.
• Monitoring possible leaks and pollution: Over 2,400 feet of boom have been deployed to contain any leaks of pollution in the aftermath of the collapse of the Key Bridge, Moore said. Separately, 14 containers on the ship were impacted , and they contained items like soap and perfume, Coast Guard Rear Adm. Shannon Gilreath said, adding that he did not have information on whether any of those materials went overboard. Air monitors are in place to track any potential threats and they have not picked up any threats so far, Gilreath said.

There's at least 1 larger vehicle underwater, official says

From CNN's Aditi Sangal

There's at least one vehicle of a large size that has been detected underwater, according to Col. Roland L. Butler Jr., the superintendent of Maryland State Police.

"There's at least one vehicle, larger in size, that is completely encapsulated by the superstructure of the bridge, concrete," among other things, Butler said Thursday evening. "It's going to take some time to get to that, and it's going to take some time to do that carefully" before divers can go to recover that vehicle, he added.

2,400 feet of boom was used to contain possible toxic materials, Maryland governor says

There have been over 2,400 feet of boom deployed to contain any leaks of pollution in the aftermath of the collapse of the Key Bridge, Maryland Gov. Wes Moore said Thursday.

He said he personally did not see any sheen on the water when he went to assess the situation on site.

Remember: 56 containers with hazardous materials were found on the vessel.

There are 14 containers on the ship were impacted, and they contained items like soap and perfume, Coast Guard Rear Adm. Shannon Gilreath said at the briefing, adding that he did not have information on whether any of those materials went overboard.

Air monitors are in place to track any potential threats and they have not picked up any threats so far, Gilreath added.

Baltimore mayor says he remains hopeful bodies of other workers will be recovered

From CNN's Elise Hammond

Baltimore's mayor said he is still "hopeful" the bodies of the other workers presumed dead will be recovered.

Authorities announced on Wednesday they were pausing search and recovery efforts  for the four other workers presumed dead because debris made it unsafe for divers to continue. Once this next phase of salvage operations is complete and the debris is cleared, divers will search for more remains.

Baltimore Mayor Brandon Scott said that during the salvage operation, he hopes "we are able to recover those who remain missing and bring them home to their families.

The mayor said he directed his administration to work with the governor’s office “on any and every effort that must be taken.”

Army Corps of Engineers will bear the full cost of clearing the channel, Sen. Chris Van Hollen says

The Army Corps of Engineers will cover the full cost of clearing the channel where Baltimore's Key Bridge collapsed, Maryland Sen. Chris Van Hollen said Thursday.

"We all recognize that getting the Port of Baltimore running again at full speed is a priority given all the jobs that are associated with it, all the small businesses, all the other businesses," Sen. Van Hollen said at Thursday's news briefing. "And as the governor pointed out, this is not just a Maryland issue, it's a national and global question."

The largest crane in the Eastern Seaboard is expected to arrive in Baltimore later today, governor says

The Army Corps of Engineers is moving the largest crane in the Eastern Seaboard to Baltimore to help clear the channel, and it is expected to arrive Thursday evening, Maryland Gov. Wes Moore said.

"Under the leadership of Col. (Estee S.) Pinchasin, the Army Corps is moving the largest crane in the Eastern Seaboard to Baltimore to help us," Moore said at a news conference. "It is estimated that will arrive later this evening."

"It's a 1,000-ton crane coming around midnight," Sen. Chris Van Hollen said at the same news conference. "And another 400-ton crane coming Saturday for the operations to clear the channel."

The post was updated with information about the crane from Sen. Van Hollen.

Officials are assessing pieces of the bridge before they pull them out of the water, Coast Guard says

Officials working to remove the collapsed Key Bridge from the channel are conducting a full assessment of all pieces of debris before they can lift them out of the water, Coast Guard Rear Adm. Shannon Gilreath.

This assessment is critical in figuring out how to cut the bridge into the right size pieces so cranes can lift them out, he said.

“We are doing those assessments right now with underwater surveys, with engineering teams back in unified command,” Gilreath said, adding that the assessment is in coordination with several other partners, including the US Army Corp of Engineers.

“That is our number one priority is to reopen the Port of Baltimore as fast as we can, and do it safely,” he added.

Murky conditions are hindering divers' vision during underwater operations, Maryland governor says 

Water conditions are hindering divers' visibility as they conduct recovery operations, Maryland Gov. Wes Moore said Thursday.

"That water is so dark, and debris is so dense, that in most instances our divers cannot see more than a foot or two in front of them," Moore said at a news briefing. "So much of the operation is simply feel."

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