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It’s Time To Build Your Own Yacht

If you’re ever trying to rationalize a reason to build your own yacht,  look no further than your dreams. Think of the places you’ll go. The true beauty of a yacht, sometimes forgotten in her size and her solid feel and homelike surroundings, is that she is a conveyance, a mode of transport that can bring you and your family and friends to anywhere you could wish.

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Build A Yacht For Your Lifestyle

Imagine spending the day exploring the meandering, shadowed streets of an old world town, having lunch at a sidewalk café, and showing your children or grandchildren the frescoes of a cathedral you learned about in a college art class (was it really that long ago?), returning to the yacht at dusk for dinner on board, and then an overnight passage, where you wake to discover an island laid out before you, with no other boats around, and a selection of snorkeling gear, standup paddleboards, kayaks, and more at your disposal. Only a yacht can deliver this kind of experience.

Yacht Building Is Your Ultimate Creation

But, why build your own yacht? It’s a good question. When you’re ready to make your mark on both the world and your life, there are few better ways to express oneself than through the creation of something wonderful. And, with a team of professionals dedicated to making your dreams a reality, and guide you through the steps of creating something real, and substantial, and beautiful, there’s no limit to what you can accomplish. To build your own yacht is to embrace your full understanding of the yin and yang of your personality.

build your own yacht

New Yacht Construction Specialists

New yacht construction includes the technical specifications you lay out for performance and range, speed and hull volume, class and capability, all with the help of the yachting experts at Merle Wood & Associates who have extensive knowledge and new build experience. They have dedicated their careers to assisting their clients in creating something new and unique. Building a new luxury yacht can be a complex and costly event for someone unfamiliar with the process, which is why having a recognized global leader in megayacht construction on your team, before going to contact, ensures that the right elements are covered.

Custom Mega Yachts

Your custom yacht also comprises the beautiful spaces you will create and enjoy with your family and friends, replete with the welcoming social spaces that will offer unmatched vistas, embracing the sea breezes on the aft deck or from the flying bridge, gathering spots for the whole family that will provide the latest in media technology or a respite from it, as you prefer. How you want to divide your available space between stateroom and bath, closets and seating, galley and on-board gym, family and guests, it’s all up to you.

build your own yacht

Build or Buy A Luxury Yacht

Of course, the creative process required to build your own yacht doesn’t happen overnight—and that’s part of the appeal, since the ultimate goal is meant to have an air of timelessness, of real creation, of getting it right. Often a candidate for a yacht-building project will instead buy a mega yacht, and this can be a simpler solution to one looking to step into a situation for the upcoming season. But similar to undertaking the effort to build your own yacht, the purchase process will be aided by dedicated professionals who will look to you for direction.

Luxury Yacht Ownership Awaits

Knowing one’s mind in terms of the required capabilities of the yacht and also the amenities desired will certainly help the process along and may in fact inspire you to consider building your own yacht, especially after one considers the available inventory on the market. After all, it all gets back to you and your dreams. And when you think of the places you’ll go, yacht ownership simply makes sense . The question is not, “ why buy a yacht ? ” The question is simply when and how. So whether you wish to know how to buy a yacht , build your own yacht or buy a mega yacht, the next step awaits.

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Speak To A Yacht Broker

To build your own yacht, you’ll want expert guidance from qualified new yacht construction specialists. Merle Wood & Associates have seen the construction (including those now in progress) of more than 60 yachts ranging from 100 feet to more than 500 feet in length. Because of this, we are globally recognized by our piers and clients as leaders in new yacht construction.

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Yacht Construction & Build

With an experienced luxury yacht construction team comprised of former superyacht captains, engineers, and project management specialists, Moran Yacht & Ship has successfully negotiated, managed, and completed over $3 billion in new yacht-build projects. This incredible statistic is unmatched by any other brokerage company in the world.

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Why build with Moran Yacht & Ship?

Over the past 36 years, Moran’s yacht construction management team has been actively involved in successfully building over 60 of the finest quality new superyacht construction projects globally. Contact our new build project management team today to learn how we can help you build your next custom luxury yacht in partnership with the leading megayacht builders in the industry.

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Discover how our yacht build process is different

Before the keel is even laid, our yacht project management team compiles an all-encompassing marine specification. We then negotiate a comprehensive yacht-building contract that protects our clients from delays and additional costs. We assemble an experienced yacht build team that includes only the best naval architects, interior and exterior designers, and project managers to bring your dream yacht to life.

Unlike many of our competitors, who disappear as soon as the yacht build contract is signed, our accomplished team will remain in place through final delivery to ensure a smooth yacht construction process and complete satisfaction. As a further courtesy to our clients, we remain with the vessel in a yacht management capacity to take care of any warranty items and ensure hassle-free day-to-day operations.

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Our results speak for themselves.

Whether you are looking to build a semi-custom motor yacht or build a custom superyacht, you can be certain that the new yacht construction team at Moran Yacht & Ship has the experience, knowledge, and capability to deliver the boat build of your dreams. Our experience ensures that you will take delivery of your vessel on time, within budget, and to the highest quality standards.

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Choosing the right yacht builder and shipyard is imperative for a successful new yacht construction project. Learn more about some of the builders our yacht project management team works with and recommends.

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Yacht Construction FAQs

What support will moran yacht & ship offer me during my yacht construction.

The experts and brokers at Moran Yacht & Ship have been in the industry for a long time and oversee many superyacht construction projects. Their expertise will support you at every stage of the new build process, ensuring your exact requirements are met. This includes:

  • Informed selection of builder and shipyard
  • Choice of interior and exterior designer
  • Development and negotiation of the technical specification
  • Negotiation of the build contract and price
  • Project management throughout the build process

What does it cost to build a yacht?

The cost of building a yacht from scratch is based on multiple factors, including the size of the vessel, materials used, the complexity of the design, technology, propulsion systems, interior design features, onboard amenities, and the shipyard and designers used. Expect building a luxury boat to cost anywhere from $2 million to more than $300 million. Working with an experienced new build project management team, such as the experts at Moran Yacht & Ship, offers a cost-effective solution by ensuring builds remain within budget.

What are the benefits of building a yacht as opposed to buying a used yacht?

There are multiple benefits to building a yacht as opposed to buying a pre-owned yacht. When you build your own yacht, you enjoy the benefits of a fully customized vessel to meet your precise requirements, from its naval architecture and size to its cruising capabilities, layout, onboard technology, amenities, and interior design. A custom yacht will be tailored to suit your lifestyle and desired experiences.

Also, when you build your yacht, you won’t have to worry about pre-existing conditions. A new build yacht will come fully warranted, providing protection from future mechanical repairs and providing complete peace of mind.

Finally, Moran Yacht & Ship ensures that building a yacht is indulgently fun. You will have the opportunity to collaborate with a team of highly experienced boat-building professionals to create something truly extraordinary, from sketch board to on the water. Nothing matches the thrill of building your own yacht with even the smallest details tailored to your precise requirements. Indeed, a custom yacht offers the ultimate lifestyle purchase.

What are the pedigree shipyards that Moran has built with?

  • Lurssen Since 1875, the northern German shipyard has produced some of the finest vessels on the superyacht market. This pedigree shipyard is known for innovating and utilizing cutting-edge technology. Lurssen continually breaks records, including developing both the longest superyacht in the world (AZZAM) and the biggest luxury superyacht in the world (DILBAR).
  • Amels This Dutch shipyard officially entered the yachting sphere with the superyacht KATALINA, now named LADY GEORGINA, in 1982. The luxury boat builder specializes in motor boats, constructing both full custom as well as their highly sought-after semi-custom Limited Editions yacht series.
  • Oceanco Oceanco is a pedigree boat builder and industry pioneer based in the Netherlands. The shipbuilder is renowned for building award-winning custom vessels up to 200 meters, both motor yachts and sailing vessels. The Dutch shipyard specializes in building innovative, high-quality superyachts that push the boundaries of shipbuilding.
  • Feadship Also among the world’s most notable superyacht manufacturers is Feadship, a full custom motor yacht builder known for its uncompromising pursuit of perfection. The pedigree shipbuilder is located in Holland and boasts a long history stretching back to 1949.

Moran Yacht & Ship boasts strong relationships with the world’s leading shipyards and has project managed some of the world’s most luxurious custom superyachts. Contact us today if you want to build a luxury boat.

What countries are known to have the best shipyards?

European countries, including the Netherlands, Italy, France, and Germany, dominate when it comes to the best shipyards, thanks to their rich maritime heritage, skilled craftsmanship, and use of exceptionally high-quality materials.

What are the current waiting times to build a yacht with the best shipyards?

Overall, the more prestigious the shipyard, the longer the waiting time will be. Current waiting times for some of the most prestigious builders are around 4 to 5 years.

How long does it take to build a yacht?

The build time for a yacht can vary significantly depending on the project’s size, specifications, and complexity. Generally, superyacht construction times at pedigree shipyards range from 36 to 39 months.

Our new construction team is known for delivering our client’s projects on time and within budget.

What are mega yacht hulls made from?

Megayacht hulls are typically made from fiberglass, aluminum, or steel, and the choice of material will depend on the budget, yacht design, and how the owner wishes the vessel to perform.

A fiberglass hull is known for its excellent sea-keeping capabilities and ease of maintenance.

Aluminum offers excellent strength and durability. As a relatively lightweight material, it also provides better fuel economy and enables a yacht to reach higher speeds.

Steel is an exceptionally strong and durable material with high resistance to abrasion, making it popular with ocean-cruising yachts, especially expedition vessels. However, it is heavier than fiberglass or aluminum, making it less popular with owners wishing to build a yacht where speed is a priority.

What makes a boat considered a yacht?

Overall, there is no standardized definition of what makes a yacht. Mostly, the term yacht applies to vessels over 24 meters, where regulations for ownership change as well. The term yacht can equally define a motor boat or sailing vessel. Additionally, terms like superyacht,  megayacht, or gigayacht are often used to describe the most luxurious and largest ocean-going vessels.

Do I have to pay VAT on a new yacht?

As a moveable asset, whether you have to pay VAT – Value Added Tax – can be complex. Generally speaking, whether you have to pay VAT will depend on the country the owner is acquiring the yacht from and their country of residence. The VAT may also depend on the intended use of the vessel. Every country has different VAT rules and regulations. It is always a good idea to consult with a local tax professional with expert knowledge of the yachting industry to mitigate any potential tax liabilities.

What are financing options for yacht construction?

Building a new luxury boat can be an expensive endeavor and is a significant investment. Various financing options are available to those interested in purchasing or building a yacht. Financing typically involves one of three different solutions:

  • Portfolio loans
  • Private lenders

Bank loans are a popular option for financing a yacht construction. Many banks offer boat loans, which are similar to auto loans in terms of loan structure and required collateral.

Portfolio loans have become more popular for financing new construction projects. A number of institutions offer these and often have very favorable rates.

Private lenders also offer funding for boat construction. These lenders typically offer more lenient terms compared to banks. However, interest rates can be higher, and a larger down payment is often required.

How much does it cost to run a yacht per year?

The cost of running a yacht depends on many factors, including:

  • Maintenance needs : they will also grow with the age of the yacht
  • Size : the larger the yacht, the more crew is required
  • Time spent cruising : fuel expenses increase with the cruising range
  • Insurance costs
  • Location : dockage and mooring fees will vary

Overall, a rule of thumb is that luxury yachts cost around 10% of their purchase price per year. This percentage is typically reduced slightly as the size of the boat increases.

Contact our New Yacht Construction Team

Are you considering building a new yacht? Contact our team today to learn how we will set you up for success.

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Superyacht Constructions &

The yacht construction process is a uniquely thrilling experience for any owner, from the very first sparks of inspiration through to finally taking delivery and her maiden voyage. Building a yacht  involves a great number of decisions as an owner, so having the support of a knowledgeable and experienced team behind you will be imperative to ensure things run smoothly for your yacht new build.

Choosing the right team and shipyard to execute your vision will be critical decisions – a process through which YACHTZOO will be able to guide you. Our specialist yacht construction team has first hand experience in representing Owners for some of the world’s most renowned and complex new build yacht projects.

Discover some of our previous new build yacht projects to inspire your yacht construction journey.

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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 Ocean yacht cost

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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How to Design an Amazing Superyacht Interior

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]

feadship project 817 superyacht

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 yacht builders esquel project on water

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

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

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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

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  • 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

yacht build and price

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

yacht build and price

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

yacht build and price

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

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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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The World’s Most Expensive Yachts—Including Some That Cost Billions

By Brett Berk

most expensive yachts

Though superyachts are already among the most costly consumer items available, the prices of the most expensive yachts in the world are still astounding. In recent decades, those with money to burn have settled on these floating palaces as an ideal locus for demonstrating their prosperity, and, as such, the global luxury yacht industry is undergoing a golden age. The world’s überwealthy think of their motor yachts as toys, and they’re constantly trying to outdo each other in scale, design, amenities, materials, and sheer profligacy.

Knowing this, what features does it take to own one of the most expensive yachts in existence? And how much do these opulent vessels actually cost? To that end, AD has compiled a list of the five priciest superyachts currently out on the water. As with many things connected to the very wealthy, details are shrouded in secrecy—often intentionally—to shield the assets from taxation or seizure, or to protect privacy.

Below, dive into the five reportedly most expensive yachts in the world.

5. Dubai ($400 million)

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This 531-foot yacht is reportedly owned by United Arab Emirates Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. Though it was originally planned for another Middle Eastern potentate, Prince Jefri Bolkiah of Brunei, he suddenly voided the contract in 2001. With exteriors designed by Andrew Winch and interiors by Platinum Yachts, this German-built Blohm + Voss vessel features several Jacuzzis, a pool inlaid with handmade mosaic tiles that is reportedly large enough to hold 115 people, a circular staircase, a discotheque with an appropriately sized dance floor, squash courts, a movie theater, a dining room for 90 guests (the other 25 presumably have to eat in the pool?), a helipad, and a submarine.

4. Topaz ($527 million)

most expensive yacht

Resembling a stealth bomber, this 483-foot ship is reportedly owned by Russian fertilizer and coal oligarch Andrey Melnichenko. With exteriors by Tim Heywood Design Ltd. and interior designs by Terence Disdale Design, this German-built Lürssen Yacht features a 2,500-square-foot primary bedroom, six guest suites (with moveable walls so they can be transformed into four grand staterooms), glassware and tableware fashioned from French crystal, a helicopter hangar, a 30-foot speedboat tender, and three swimming pools, including one with a glass-bottom dangling menacingly above a disco.

3. Azzam ($600 million)

most expensive yachts

This 590-foot ship is currently thought to be the largest private yacht in the world and one of the fastest, with a top speed of 35 miles per hour. To achieve this immense scale and speed, it required a pair of gas turbines and two stratospherically potent diesel engines, rendering it very difficult to build. It is reportedly owned by a member of the royal family of the UAE, Sheikh Khalifa bin Zayed Al Nahyan. With exteriors by Nauta Yacht and interiors by French decorator Cristophe Leoni, this yacht was also built by Lürssen in Germany. The vessel is set apart by its early 19th-century Empire-style veneered furniture, as well as its state-of-the-art security systems, including a fully bulletproof primary suite and a high-tech missile deterrence capabilities.

2. Eclipse ($1.5 billion)

most expensive yachts

In addition to being the second-costliest, this 533-footer is thought to be the world’s second-largest private yacht. Owned by Russian billionaire Roman Abramovich , the ship was claimed to be located in Turkey and may be impounded as part of the United Kingdom’s sanctions against Russia. Designed by Terry Disdale and built by Blohm + Voss, it features two-dozen guest cabins, two swimming pools, two helipads, and multiple hot tubs. For privacy and security reasons, it hosts a missile detection system, bulletproof windows in the primary bedroom and on the bridge, an anti-paparazzi shield, and, when all of that fails, a mini-submarine that can take a few VIPs 164 feet under the ocean’s surface.

1. History Supreme ($4.8 billion)

History Supreme has never actually been seen in a major port, and rumors suggest that the yacht may not be real and instead just a publicity stunt. Reportedly owned by Malaysia’s richest man, Robert Kuok, and designed by Stuart Hughes in the UK, the yacht is only a paltry 100 feet long. Its worth is said to be derived from its lavish finishes, including a statue constructed from genuine Tyrannosaurus rex bones, a liquor bottle embedded with an 18.5-carat diamond, and a primary bedroom with one wall made from meteorite and another from a 24-karat gold Aquavista Panoramic Wall Aquarium. If you see it somewhere, let us know.

Frequently Asked Questions

How much is Jeff Bezos’s yacht?

Most Expensive Yachts

This is why people like Amazon founder Jeff Bezos work to keep their yachts out of the public eye. Though we are not including Jeff Bezos’s yacht, Koru (Maori for “coil”), in this list because it is a sailing yacht and thus excluded from the realm of these motor yachts, it created controversy in the Netherlands when its presence became known. Jeff Bezos’s abided the $500 million price tag of Oceanco, the Dutch custom yacht builder, to create the 417-foot megayacht. But when the company, at Bezos’s behest, requested that a local bridge be dismantled to make way for its gigantic mast on its journey from the shipyard, public sentiment turned against the cento-billionaire, and Oceano shelved its request. Maybe a port like Monaco would be more accommodating?

Also not on this list is the world’s largest private yacht, reportedly owned by Alisher Usmanov. Though size and cost typically scale in the world of superyachts, this is not always the case (see #1 in this list.) Also, Somnio, the 728-feet dream-monikered yacht liner that tops our list of the world’s largest private yachts , isn’t quite done being constructed. And it is not, like most of the largest superyachts, privately owned by one individual or family—it’s a kind of floating condo, with 39 eight-figure homes available to potential owners solely by invitation.

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Ukraine war latest: Putin and Kim sign new defence deal - as UK says 'bizarre scenes' should be warning

Vladimir Putin and Kim Jong Un have signed a new deal in Pyongyang, making a vow of mutual aid if either of their countries is attacked as both face escalating stand-offs with the West. Got a question on the Ukraine war? Submit it below for our specialists to answer.

Wednesday 19 June 2024 22:55, UK

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That's the end of our coverage today, but we'll be back with more updates and analysis on the war in Ukraine soon.

If you're just checking in, here is a recap of the key developments today.

  • Vladimir Putin made his first trip to North Korea in 24 years, where he and Kim Jong Un signed an agreement pledging mutual aid if either country faces "aggression";
  • The Russian leader was then received in Vietnam, where he will be continue a state visit tomorrow;
  • Russia has been attempting to replace "significant losses" by recruiting soldiers from African countries, the UK's defence ministry said;
  • Germany held up the 14th package of EU sanctions on Russia, sources said.

Vladimir Putin has undertaken two state visits today, in North Korea and Vietnam, as he seeks to shore up support from his allies while the West pursues further sanctions.

In an opinion piece timed for his Vietnam visit, Vladimir Putin has applauded the country for supporting "a pragmatic way to solve the crisis" in Ukraine. 

Vietnam, which officially pursues a neutral foreign policy, has abstained from condemning Russia's invasion.

As well as praising Vietnam for its "balanced" stance on the war, Mr Putin listed progress on payments, energy and trade between the countries in the article published in Vietnam's Communist Party newspaper Nhan Dan.

"Putin's visit to North Korea and Vietnam is to demonstrate that Western attempts to isolate Russia are not working and that Russia has partners in Asia," said Carl Thayer, an expert on Vietnam security at the Australian Defence Force Academy in Canberra.

The Southeast Asian country will be the third nation Mr Putin has visited, after China and North Korea, since he was sworn in for a fifth term in May.

"No country should give Putin a platform to promote his war of aggression and otherwise allow him to normalise his atrocities," a spokesperson for the US embassy in Hanoi said this week.

Russia has historically been Vietnam's major military supplier, so any potential arms deals will be closely watched.

Vietnam has been gearing up for a full state welcome for the Russian leader's first visit since 2017 and his fifth in total. 

Vladimir Putin has arrived in Vietnam, Russian news agency RIA-Novosti reports.

It is a state visit aimed at strengthening ties with a longtime partner of Moscow's.

In Hanoi, the Russian leader is scheduled to meet Vietnam's most powerful politician, Communist Party general secretary Nguyen Phu Trong, then the new president, To Lam, and other politicians. 

The trip has resulted in a sharp rebuke from the US embassy in Hanoi.

It comes after Mr Putin's first trip to North Korea in 24 years, where he and Kim Jong Un signed an agreement pledging mutual aid if either country faces "aggression". 

Germany is holding up the 14th package of EU sanctions on Russia, sources say.

Officials from the bloc's 27 countries have been debating the package for over a month, which would make EU operators responsible for sanctions violations by subsidiaries and partners.

Germany's hesitation was due in part to an internal disagreement between its foreign ministry and the chancellor's office, diplomats and a source familiar with the matter told Reuters.

The roadblock remained despite the scrapping of a clause that Berlin found problematic - one that would have forced subsidiaries to "contractually prohibit re-exportation to Russia and re-exportation for use in Russia".

The EU's sanctions efforts have been undermined by circumvention via third countries. The inclusion of this clause would have further tightened the bloc's measures. 

Ambassadors will continue the debate tomorrow, they said. 

Volodymyr Zelenskyy has announced two more signatures have been added to his Peace Summit communique. 

He said the Organisation of American States, which represents countries in North and South America, and Antigua and Barbuda have signed it.

"We view the entire world as equals, and this is our ideological difference from Russia in international relations," the Ukrainian president said.

"Putin, however, wants only his voice to matter, or those he chooses. This is a typically colonial world view that we, together with all our partners, must break." 

He said the format of the Peace Summit will ensure "fair treatment for every nation", including, of course, Ukraine. 

Nearly 80 countries have already approved the final communique covering steps toward nuclear safety, food security, and the release of prisoners and deportees, including thousands of children abducted by Russia.

One person has been killed and three others have been injured in a Russian shelling attack in Donetsk, Ukraine's police force has said. 

In a post on Telegram, it said there had been 2,291 strikes in the eastern region in the last 24 hours. 

Russia used "aviation, rocket salvo systems and artillery", it added. 

Over the past few months, fighting has been surging across the frontline in the eastern Donetsk region. 

Russian forces have been trying to reach the key hilltop city of Chasiv Yar and other strategic hubs in the region. 

Russian troops also launched an offensive in Ukraine's northeastern Kharkiv region. 

Mr Putin said he wanted to establish a buffer zone there to prevent Ukrainian cross-border attacks.

The offensive drew some Ukrainian fighters away from Donetsk, but many remain. 

Reuters captured these photos of Ukraine troops operating in the area. 

Russia has been attempting to replace "significant losses" by recruiting soldiers from African countries, the UK's defence ministry has said. 

Ukrainian intelligence has been reporting increased Russian efforts to recruit from several African countries in recent days. 

"This recruitment campaign is likely an attempt to replace significant battlefield losses and sustain offensive activity across the front," the MoD said. 

"Russia is likely expanding its recruitment across the global south to avoid additional mobilisations within Russian itself."

It added that previous mobilisations within Russia had resulted in a record labour shortage and the mass departure of skilled workers. 

Vladimir Putin's visit to North Korea has come to an end, with the Russian president leaving Pyongyang after a busy day of diplomacy.

His next stop is Vietnam.

The headline from Mr Putin's visit is no doubt the agreement signed between the two countries that, its leaders say, covers security, trade, investment and cultural and humanitarian ties among other things.

The deal has triggered plenty of reaction from around the world, with Washington and Seoul among those expressing concern about the growing military ties between Russia and North Korea.

Below, we've taken a look at exactly how Mr Putin's visit shaped up.

Opening remarks

The warm words between the Kremlin and Pyongyang started before Mr Putin's plane had even touched down, with the Russian leader penning an open letter in North Korean state media.

It was here that we first got confirmation of an agreement that would be signed by the two countries. Mr Putin called it a partnership that would help in the "fight against the imperialist hegemonistic policies of the US and its satellites against the Russian Federation".

There was also some appreciation shown for North Korea's "firm support" for Russia's ongoing invasion of Ukraine. 

Mr Putin claimed the US were doing everything they could to "prolong and inflame" the conflict, which Russia began in February 2022.

'Rock star' welcome in Pyongyang

When Mr Putin arrived in Pyongyang in the early hours of the morning, he was met personally by Kim Jong Un, a red carpet and a bouquet of roses.

State television then showed his motorcade driving through brightly lit neighbourhoods, with the 105-storey Ryugyong Hotel glowing with LED lights that said "Welcome Putin".

The streets of the capital were lined with hundreds of thousands of people holding flowers and waving Russian and North Korean flags, welcoming Mr Putin back on to North Korean soil for the first time in 24 years.

There was then a lavish ceremony in Pyongyang's main square, crowded with people and colourful decorations, where Mr Kim introduced key members of the North Korean leadership.

As a military band played, the two leaders walked down another red carpet and greeted dignitaries. Artillery guns fired a welcoming salvo.

As our Asia correspondent Nicole Johnston put it, North Korea gave Mr Putin "a rock star's welcome".

The 'comprehensive strategic partnership pact'

Fundamental to this trip for both Russia and North Korea is the document signed by the two nations, which both of its leaders have been at pains to describe in bold terms.

Mr Kim calls it the "strongest ever treaty", while for Mr Putin, it's a "breakthrough document".

The two leaders were first joined by ministers from both countries for initial talks. They then engaged in one-on-one talks that lasted two hours, according to reports.

This new agreement marks a new period of relations between the two countries, one that, according to North Korea's leader, is "incomparable". 

It reportedly covers everything from investment to strengthening cultural ties and cooperating on health, medical education and science. 

But it's the inclusion of a mutual defence clause, in case of "aggression", as Mr Putin put it, that stands out.

Mr Kim told reporters that North Korea will respond "without hesitation" to "incidents or wars" facing either his country or Russia. 

He did not elaborate on what the response will entail, though he did say the agreement is "defensive and peaceful in nature".

Russia also doesn't rule out the "development" of military-technical cooperation between the two nations. 

There's already an assumption that North Korea is sending Russia ammunition to use in Ukraine, while there are fears that Moscow will pass on aid for Pyongyang's nuclear and missile programmes in return. 

The signing of this agreement will do little to subdue those concerns.

Gifts and goodbyes

With business out the way, Mr Putin and Mr Kim spent the next few hours having a bit of fun.

There was the exchanging of gifts, with the Russian leader receiving works of art depicting himself.

For Mr Kim there was a tea set, an admiral's dirk (a type of dagger) and a Russian-built limousine, which both leaders took turns at driving.

Mr Putin then laid a wreath at the Liberation monument in Pyongyang, which was erected in 1946 in memory of Red Army soldiers killed liberating the Korean Peninsula from Japanese occupation.

Keeping with that theme, both leaders took their seats at a gala concert, where songs performed all evoked war and defence of the nation.

Russian state media reported the concert included excerpts from wartime songs, including Where the Motherland Begins, We Need One Victory and Katyusha, as well as song by groups who regularly support Mr Putin at political rallies.

Putin's opinion piece

As Mr Putin heads for Vietnam, a newspaper in the country has published an opinion piece he has written. 

In the piece, he praised Vietnam for its "balanced" stance on the Ukraine war and applauded the communist-ruled country for supporting "a pragmatic way to solve" the conflict. 

He also said Russia and Vietnam shared "similar assessments of the situation in the Asia-Pacific region".

He is due to arrive in Hanoi overnight and plans to meet Vietnamese leaders tomorrow, on the heels of his trip to North Korea.

It will be his first trip to the country since 2017.

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