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How Much Does It Cost To Buy A Yacht?

By Rob Bowman | Posted On Aug 09, 2021 Updated On Dec 12, 2023

If you're new to owning a boat and want to experience the luxury lifestyle, buying a yacht is the perfect way to indulge yourself while also creating unforgettable memories on the water. From anchoring at a secluded island in the Caribbean to cruising the coastline enjoying the fall colors, yacht ownership opens up limitless possibilities to explore the beauty of Mother Nature. It can also create quite the adrenaline rush if a sportfishing boat is more your style. There are many benefits to hiring a professional yacht broker when you plan on buying your first yacht including having someone on your side when evaluating the right price, for the right vessel.

So how much does it cost to buy a yacht on average? In 2021, the average selling price of a yacht is approximately $640,000, with prices ranging from $300,000 to over $15,000,000. This average selling price represents all pre-owned boats from 40-feet to 100-feet, power (not sail), and sold in the Southeastern United States, including the large Florida market. The data collected for this sales price was from the boating industry's MLS system.

This 50-foot flybridge yacht (seen below) was sold around the average selling price mentioned above and is a good example of what you can expect when spending over $500k . It features several bedrooms for overnight trips, a galley, a nice flybridge seating area, and a lot of comforts you would find at home.

A yacht can mean vastly different things to different people depending on their style of boating, where they live, what they plan to do on the boat, and the amount of equipment they choose. A 50-foot yacht can vary in price by several hundred thousand dollars depending on how new it is, its engines, brand, and amenities. Having a conversation about your needs and budget with a professional yacht broker can answer all of these questions and take the guesswork out of your search. 

While the average price of a yacht sold in the Southeast this year is $640,000, buyers can find yachts for less if they are willing to go a bit older and/or a bit smaller.

• According to the list of 2021 sold boats, the average selling price for yachts between 40 and 50 feet was $329,000.
• Yachts under 40 feet are generally called cruising boats and can still feature a lot of the same amenities found on larger vessels.
• How much does a small yacht cost? Examples of active boats on the market right now show a sizeable difference in price depending on the length and year. For example, a 2021 40-foot Intrepid boat is listed for over $800,000 , while a 2011 Intrepid 40 is listed for under $400,000 .

(Seen below: This Cabo 40 would be considered a smaller yacht and is listed for under $375,000.)

The larger, newer, and more extravagant yachts can cost $5 million and higher. Forbes.com identifies a superyacht as a vessel ranging from "79 feet to more than 590 feet in length." The average selling price in 2021 for yachts over 100-feet, according to the industry MLS database, came in at just under $1 million. Of course, there were several superyachts that were between $10 million and $50 million on the list.

A prime example of a superyacht would be " ANTITHESIS ", a Horizon Yachts 136 that had an asking price of $7,990,000 at the time of sale. This superyacht featured 5 luxury staterooms, a pilothouse with full electronics suite, a jacuzzi, sauna, 2 water-makers, 2 generators, and a lot more top-end equipment. Yacht owners looking to cruise long distances or possibly turn the vessel into a yacht charter business would be interested in a boat of this stature.

( Seen below: This Horizon 136 required massive engines that gave it a range of over 1,400 nautical miles. )

The cost of a yacht is not the only cost to consider. Purchasing your new boat is the largest upfront expense, however, there are also the costs of owning a yacht that need to be considered. This is again where hiring an experienced, professional yacht broker can really pay dividends and take a lot of the stress out of the process. Things like insurance, storage, routine maintenance, captain and crew salaries, all need to be factored in to your expectations. We dive into this a bit more in our articles Why Are Boats So Expensive? and What Should I Spend On A Yacht?

Despite the potentially high cost of yacht ownership, it is still an excellent investment in your well-being and will bring countless joyful memories. There is no other recreation in the world that brings families and friends together, while enjoying the wonders of the ocean.

( Seen below: CHIMERA is a 60-foot Hinckley sailing yacht listed for over $1 million. )

While the purchase of sailboats still account for less than 10% of all boats sold, sailing is still a popular past-time which has some very passionate enthusiasts. According to Trade Only Today , in 2019 and 2020 there were more than 1,100 sailboats sold in the United States. As you begin to figure out exactly what type of boating you want to enjoy, as well to learn the advantages and disadvantages of different boat types, you can begin to narrow down the selection process.

Below is the average cost to purchase a small yacht broken out by type :

• Sailboats Over 40': $193,000
• Sailing Catamarans - All Sizes: $361,000
• Power Catamarans - All Sizes: $304,247
• Downeast Yachts - Over 35': $532,240
• Sport Fishing Yachts - Over 40' and in Southeast: $815,500

With so many factors to determine how much it costs to buy a yacht and maintain it, it is in the best interest of boat buyers of this magnitude to speak with a certified professional yacht broker. "Pricing a yacht in this market can be a difficult thing," said Brian T. Franc , CPYB and manager of United's Emerald Coast Division. "Pre-owned prices are definitely inflated due to lack of inventory, but there are still some great opportunities if you are fast and have someone watching the market daily on your behalf. As someone who has been in the yacht brokerage industry for almost 30 years, I can tell you that working with a professional makes a difference. We can tell almost immediately whether a boat is over-priced, what it will likely sell for, and whether or not it is the right boat for your needs.

Other Related Articles Of Interest :

• Can I Sell My Yacht Without A Broker?
• Why Are Sportfishing Yachts So Expensive?
• What Is The Best Time Of Year To Sell A Boat?
• How Much Should I Pay For A Yacht?

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EUR 124,950,000† (EU VAT paid)

• Length: 90.1m (295.6ft)
• Guests: 14 guests in 7 cabins
• Built: 2010 (refitted 2024)
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• Length: 85m (278.9ft)
• Guests: 23 guests in 10 cabins
• Built: 2018
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EUR 79,750,000† (EU VAT paid)

• Length: 80m (262.5ft)
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• Length: 75.8m (248.7ft)
• Guests: 12 guests in 6 cabins
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EUR 109,000,000 (EU VAT paid)

• Length: 74m (242.8ft)
• Guests: 14 guests in 6 cabins
• Built: 2017

USD 62,500,000†

• Length: 71.7m (235.2ft)
• Built: 2006
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EUR 35,800,000

• Length: 64.8m (212.6ft)
• Built: 2006 (refitted 2017)

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A look at the most expensive superyachts at the Palm Beach yacht show and their insane features, from basketball courts on deck to ice baths and saunas

• The Palm Beach International Boat Show kicks off later this week.
• Eight megayachts are expected to be on display for would-be buyers and charter customers.
• These are the show's biggest yachts — and how many millions of dollars they are going for.

The Palm Beach International Boat Show — the yacht world's flashiest event stateside — is returning this year with over 800 boats for both deep-pocked potential owners and window shoppers to peruse.

While it's impossible to know what exactly will be on display until the show begins on Thursday, it's expected that eight megayachts — generally defined as ships over 60 meters long — will be docked at the show and at nearby marinas like the Rybovich Marina in the ritzy Florida town.

Some of these are for sale at eye-popping prices, but others are available to if in case you fancy living like a billionaire for a week or two this summer (and if you have six figures to spare on a vacation).

These are the eight biggest yachts that will be at the Palm Beach International Boat Show and nearby marinas, in size order.

Nero: 90.1 meters

Price: From $497,000 a week (charter) Standout features: Pizza ovens, beauty salon, massage room, resistance pool

Reportedly owned by Irish billionaire Denis O'Brien, Nero is modeled after J.P. Morgan's 1930s ship , and was built in 2007 and updated in 2021.

She now boasts a gym on her sundeck with multiple cardio machines and a beauty salon, and has an on-board beautician for manicure, pedicure, hair, and massage needs. There's also an upgraded movie theater, two new pizza ovens, and both a pool and a jacuzzi.

For those who want to go overboard, she has more than a dozen toys, including a waterslide, Jet Ski, and flyboard.

Victorious: 85 meters

Price: From $876,600 a week in the summer and $950,000 a week in the winter Standout features: Hammam (Turkish bath), wine cellar, wood-burning fireplace, children's playroom

Victorious brings a party vibe to the yacht show. With a beach club on board, a wine cellar, a cigar clubroom , multiple bars, and a lounge with a piano, the vessel is made for entertaining. Plus, there's a playroom and movie theater to entertain the kids.

For tamer charter clients, Victorious has a suite of wellness features such as a gym, massage room, beauty salon and hammam, or Turkish bath — perhaps a custom request of her owner, Turkish businessman Vural Ak.

She also boasts a treasure trove of water toys, including Jet Skis, jetsurfs, inflatable kayaks, and scuba equipment.

Casino Royale: 72 meters

Price: TBD Special Features: Infinity pool, helipad, private jacuzzi

Purchased and refitted by car dealer magnate John Staluppi last year, Casino Royale is the latest of his James Bond-inspired yachts (he's also owned an Octopussy and a Skyfall, among others).

Casino Royale has a helipad that turns into a dancefloor, an infinity pool, and a wellness center with a gym and sauna. The owner's cabin has its own deck, which features a private bar and jacuzzi.

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However, the boat's price isn't listed, and while she's not necessarily officially for sale, that might change depending on who's prepared to buy, Mr. Bond.

Talisman C: 70.6 meters

Price: $60 million (or from $567,000 a week to charter) Special features: Massage and beauty room, private library

Likely the largest yacht for sale (not just charter) at the show, the Talisman C is a 2011 six-bedroom boat. The owner's cabin comes with an en suite bathroom, dressing room, private library, and crystal chandeliers.

Amenities include a gym, a beauty room, oversized jacuzzi, and a fully equipped bar. Her crew of 19 includes a trained masseuse, and the toy room comes equipped with a wakeboard, eFoil , and WaveRunners.

Joy: 70 meters

Price: From $650,000 a week Special features: Disco club, basketball court, onboard fitness instructor

Superyacht Joy testifies to the fact that owners want as many on-board experiences as they can get.

There's an expansive suite of fitness features, including a basketball court (don't shoot that hoop too hard!), a personal trainer on staff, boxing equipment, and a handful of machines. For post-workout winddowns, there's a spa with a steam room and onboard masseuse. And for entertainment, there's both an outdoor and indoor cinema, and a disco club.

Triumph: 65.4 meters

Price: From $707,600 a week in the summer and $650,000 a week in the winter Special features: Sauna, helipad, banana boat

This 2021 superyacht is named after Triumph motorcycles — a reported favorite of her rumored owner, British businessman Chris Dawson — and even has one on display as an art piece in the upper deck's lounge. The primary suite is 1,400 square feet and has its own study , and there's a sauna, an indoor-outdoor gym, a helipad, and a massage room spread among her six decks.

She boasts an "armada of water toys," including two kinds of Jet Skis, electric water bikes, and a banana boat.

Seanna: 64.5 meters

Price: $54,000,000 (or from $462,000 a week to charter) Special features: marble foyer, movie room, sundeck pool

The recently refurbished Seanna is available for sale and charter.

Her indoor-outdoor gym is on sea level so that passengers can take a dip after a session with the onboard personal trainer. There's also a sundeck pool, a helipad, a two-room massage facility, and, for the more cerebral guests, a library with an electric fireplace.

There are a number of toys on board, including a popular water trampoline and two WaveRunners.

Come Together: 60 meters

Price: $65,000,000 Special Features: DJ and videographer on board, ice bath, sauna

Next-to-new yacht Come Together is looking for a new owner after doing charters during the 2023 season.

The Beatles' influence is evident beyond the yacht's name, with guitars dotting the sky lounge and a crewmember who doubles as a DJ. There's also an outdoor cinema and bar for entertainment and an ice bath and sauna for the day after the party. The owner's suite has a private study and lounge, and each guest cabin has its own ensuite.

The sale includes a number of toys, like Jet Skis, kayaks, and Seabobs.

Watch: Inside the world's biggest cruise ship that just set sail

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Palm Beach International Boat Show returns to West Palm Beach waterfront

The Palm Beach International Boat Show returns this week with more nearly 1,000 vessels on display, including super yachts from around the world.

Tickets are on sale now for the show that runs March 21-24 along the West Palm Beach waterfront.

The show, which started in 1982, has grown to a major economic engine for the community, with last year's impact estimated at $1.05 billion statewide — nearly as much as the $1.3 billion Miami International Boat Show, said Alyssa Freeman, executive director of the Marine Industries Association of Palm Beach County, which owns the boat show.

More: Cool front for South Florida won't be its last even with the first day of spring here

"Palm Beach is really not that far behind Miami, and Miami is the biggest in the world," Freeman said. "That was really exciting."

This year's boat show features an expanded Super Yacht Show at Palm Harbor Marina, showcasing yachts that typically stretch longer than 80 feet and have a variety of luxurious amenities that include hot tubs, crew quarters, dance floors and sun decks.

"We have more super yachts there than we ever have before, and they're even bigger," Freeman said, noting that at 236 feet, the vessel Casino Royale takes the title of largest yacht at this year's show. The title of "most expensive yacht" goes to Come Together, a 196-foot vessel priced at $59.95 million.

"Everybody, when they think about super yachts, they think about Monaco and Miami, but Palm Beach is a real player in these boat shows and the yachting world," Freeman said.

Exhibitors continue to be drawn to the Palm Beach International Boat Show by the opportunity for high sales year after year when compared with other South Florida boat shows, she said.

"I've heard from several of them, this is their favorite show to attend," Freeman said, "And that's why, because their sales are higher at Palm Beach."

The show continues to make headway in improving its sustainability efforts, she said. After reducing single-use plastics, a major change this year is the addition of water bottle refilling stations throughout the show, Freeman said.

"I think that's exciting because everybody's talking about sustainability and how we can be more sustainable," she said. "Every year, we take little steps to be more sustainable."

Freeman said she is excited for this year's AquaZone presented by Nautical Ventures. The attraction showcases some of the "yacht toys" that are new or popular on the market.

"It's so cool, because there are people actually in the water demoing yacht toys, and it's usually the latest and greatest," she said. "There's always something new every year that we've never seen before."

The Palm Beach International Boat Show also features a range of seminars, demonstrations and discussions throughout the weekend, including mental health in yachting, tips to boat to the Bahamas, safe boating to protect sea turtles and how to address active threats and piracy.

Freeman, who has children, said she loves the Kids Fishing Clinics scheduled for noon and 2 p.m. Saturday and Sunday with captain Don Dingman.

"Captain Don has been doing this for years, and he does a fantastic job," Freeman said. "The kids actually get to go home with a free rod and reel once the clinic is over."

The association produces the Palm Beach International Boat Show with Informa Markets' U.S. Boat Shows division.

"As we gear up for the 2024 Palm Beach International Boat Show, we are excited for our return to Downtown West Palm Beach to celebrate the rich history of this esteemed event," Andrew Doole, president of U.S. Boat Shows at Informa Markets, said in a news release. "Each year, we’re grateful for the warm welcome and support from the community, which truly makes this event a highlight on the calendar for both residents and visitors alike."

Informa also produces the Palm Beach Modern + Contemporary art show happening March 21-24, at the Palm Beach County Convention Center. A Windward VIP ticket to the boat show includes admission to the art show as well.

In addition to serving as a cornerstone festival of spring in West Palm Beach, the boat show launched the Palm Beach International Boat Show Gives Back program to provide hundreds of thousands of dollars in contributions to local nonprofits, Freeman said.

The grant program had a soft launch last year and formalized the boat show's four-decade practice of giving back to the community, Freeman said.

"We're really excited about it," said Freeman, who added that the boat show team is working with the Community Foundation to manage the grant program, which they hope to grow. "That's something that's a super high priority for us."

Money raised through a portion of the boat show's ticket sales, optional add-ons and some related activities goes toward the fund.

The boat show in February announced that the first round of grants totaling $500,000 would go to 25 nonprofits that have marine-related programs or projects, including Florida Fishing Academy, Loggerhead Marinelife Center, Florida Atlantic University, Inlet Grove High School, Palm Beach State College, Sea Turtle Adventures and Friends of Manatee Lagoon.

"We're hoping one day we'll be able to say that it's a million dollars," she said. "So fingers crossed. It relies on the success of the boat show and the support of the community. With that, we will continue to grow."

What: Palm Beach International Boat Show.

When: Noon to 7 p.m. March 21, 10 a.m. to 7 p.m. March 22 and 23, 10 a.m. to 5 p.m. March 24.

Where: West Palm Beach waterfront.

Cost: General admission is free for ages 6 and younger with purchase of an adult ticket, $17 for a one-day ticket for ages 6-15, $33 for a one-day ticket for ages 16 and older, and $60 for a two-day adult ticket. VIP experiences start at $390 for a Windward single-day ticket.

Information: pbboatshow.com

Kristina Webb is a reporter for Palm Beach Daily News, part of the USA TODAY Florida Network. You can reach her at  [email protected] .  Subscribe today  to support our journalism.

FinanceBuzz

16 Yacht Charters That Make for a Strangely Affordable Family Vacation

Posted: December 11, 2023 | Last updated: December 12, 2023

While a yacht may be the first thing that pops to mind when you think of the ultra-wealthy, chartering one might not be as expensive as you think. When you're splitting the costs between several family members or friends you are paying for transportation and stay and it can make sense financially.

You can also  keep money in your wallet  by selecting an older vessel or taking charge of sailing yourself (hiring a crew always costs extra).

So let’s take a look at options that may be within reach for people who aren’t living paycheck to paycheck but aren’t brunching with the Kardashians either.

Editor's note: prices are subject to change and may vary depending on the time of the year.

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San Antonio motor yacht

The San Antonio is a luxury motor yacht measuring 146 feet in length that was built in 2018. This huge vessel is capable of accommodating 36 guests in 18 cabins.

The cost to charter it starts at $21,000 per week plus expenses, not including a crew of eight (which we recommend).

Divide the cost by capacity, and that’s only $583 per person per week to start. That’s practically unbeatable for a boat of this size, allowing you to make other savvy moves with your money .

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Virginia Mia motor yacht

Constructed in 2001 (with several subsequent refits), the Virginia Mia is another luxury motor yacht that’s 95 feet in length.

Custom-designed by Nuvolari Lenard, this vessel can sleep eight guests in four cabins as well as an additional crew of four.

Still, thanks to the age of the yacht, the cost of chartering starts at $15,000 plus expenses per week, or just under $2,000 per guest sans crew.

Nautilus sailing yacht

White motor yachts are convenient and luxe, sailing yachts promise a more traditional experience.

At nearly 125 feet, the Nautilus is a large option styled by Robert Delus. Built in 2008, it sleeps 10 guests in five cabins. At this size, you'll likely need a crew of six.

The cost to charter this beauty starts at $17,500 per week sans expenses, again just under $2,000 per person — which really isn't bad for all you're getting.

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Aegean Clipper sailing yacht

The Aegean Clipper is another sailing vessel, this one built all the way back in 1999 — which translates into cost savings for you.

The yacht is another biggie at nearly 135 feet. With 11 cabins, the boat can accommodate up to 24 guests plus five crew members as needed.

In total, your group will have to shell out a minimum of $13,000 plus expenses per week — just over $379 per person. That's a great deal, comparatively speaking.

Silver Fox expedition yacht

If you're looking for something a little smaller that can go the distance, the Silver Fox expedition yacht might be for you.

Built in 2009, the 72-foot yacht accommodates six guests in three cabins for a more intimate experience. There's room for a crew of two if you need their expertise.

With a starting cost of $16,500 per week, the Silver Fox will run each person over $2,700 per week, but the small group may be worth it.

Tivoli expedition yacht

Traveling with a group of the same size but want more length and a bigger crew?

The Tivoli expedition yacht, constructed in 2001 and remodeled in 2010, can fit four crew members. This stunner is just over 90 feet long and can take you on those long hauls.

Yes, it will cost more at $25,000 per week, or over $4,100 per person. But if you can afford it, it’s a dream come true out on the open water.

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Shangri-La classic yacht

Classics are classics for a reason, as they stand the test of time. Such is the case with the Shangri-La, a vintage yacht sure to take you to that magical place.

This vessel sleeps six in three cabins and promises to be child-friendly. The Shangri-La was constructed way back in 1965, and it is 82 feet long with space for three crew members.

A week on this rig will cost you $16,500, or just over $2,700 a pop.

Sai Kung classic yacht

Another vintage beauty, the Sai Kung classic yacht was born in 1975 and got a makeover in 2015. That updated this 79-foot vessel that can sleep nine people in four cabins.

Be sure you’re a nautical whiz, as there’s no room for additional crew here, but that will only save you money.

All told, the Sai Kung will set your group back $17,500 per week, just under $2,000 per person.

Glorious open yacht

Outdoor yachts are designed for those who truly want to live outside, which you can do easily on the Glorious.

This sporty 72-footer is ready to help you dive, scuba, and more, with room for six guests in three cabins. You can bring a crew of two for extra help, of course.

Built in 2007 and remodeled nine years later, chartering the Glorious will run you $16,500 per week, again $2,700 per person.

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Speedy T open yacht

Looking for a bigger open yacht that’s perfect for swim buffs? Charter the Speedy T, a vessel that’s 80 feet long and primed for dips in refreshing ocean waters.

Like many of the yachts on this list, it accommodates six guests in three cabins and has room for three crew members.

All told, one week on this sleek ship — built in 1994 and renovated in 2011 — is $19,500 before expenses, translating to $3,250 per head. But the adventure promises to be unforgettable.

Etoile Magique catamaran yacht

With extra stability even at higher speeds, catamaran yachts like the Etoile Magique are great options for adventure.

This 80-foot vessel is roomy for its size, with room for 16 guests in eight cabins. There’s space for a three-person crew, too.

Constructed in 2004 and remodeled a decade later, this is a budget-friendly adventure in the making. At $18,710 per week before expenses, that shakes out to a bit over $1,100 apiece.

Fuerte 3 catamaran yacht

Meaning “strong” in Spanish, the Fuerte 3 catamaran yacht — built in 2004 and renovated in 2010 — offers a more intimate experience than the Etoile Magique, with space for nine guests in four cabins.

On the smaller side, at 67 feet, you can bring two crew members along if you need them. The price tag for one week is around $22,000, or just over $2,400 a pop. This vessel is best in shallower waters.

Astrape sport fishing yacht

If your idea of the perfect vacation is sport fishing, this boat is for you. The Astrape sport fishing yacht comes with top-of-the-line fishing equipment so you can catch your dream fish.

Built in 2008 and remodeled in 2016, the 76-foot vessel sleeps eight in four cabins. It also has room for three crew members.

On the pricier side at $29,000, a week will cost each person nearly $3,700 — worth it if you can show off that once-in-a-lifetime catch, though!

Barefoot sport fishing yacht

Giving us some real Orca energy, the Barefoot sport fishing yacht was built in 2006 — much later than that famed vessel from "Jaws."

The 64-foot boat is designed for fishing in shallower waters, perfect for you and five friends who will share three cabins. Two crew members can fit, too.

This yacht is cheaper than the Astrape at $17,500, so six folks will pay just under $3,000 a head per week.

Prenses Lila gulet yacht

Gulet yachts are known for their tall masts, ample deck space, and Turkish origins — perfect for a Mediterranean voyage.

To that end, the Prenses Lila is an excellent option for groups of 18. At 114 feet with eight cabins and space for five crew members, this boat beckons.

You can charter Prenses Lila — built in 2009 and remodeled in 2009 — for $17,500 per week in September.

Dreamland gulet yacht

The second gulet yacht and the final boat we’re covering is Dreamland, which will surely take you there. 

Constructed in 2006, 12 guests can sleep in six suites on this 105-foot vessel as well as five crew members.

You can book Dreamland for around $26,000 in high season. Divide that by 12, and you land on about $2,200 per person. That might require some financial fitness , but yachts like this don’t come around every day.

Bottom line

Spending your days sunning and swimming aboard a luxurious yacht may seem like an out-of-reach proposition, but we’re here to tell you it’s possible.

In fact, with planning and savvy budgeting, you can score your dream seafaring adventure. You can even use your favorite credit card to book and earn travel rewards .

Traveling by charter yacht is also more environmentally friendly than flying, which means you can feel good about your sailing vacation.

More from FinanceBuzz:

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