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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.

50-foot flybridge yacht sold

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.)

40-foot cabo yacht for sale

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. )

horizon motor yacht

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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cost of a luxury yacht

How Much Are Luxury Yachts? (Buying & Owning 2023)

Luxury yacht options can range from smaller luxury vessels to massive superyachts that boast numerous amenities and state-of-the-art technology. When you're planning to purchase one, be prepared for a significant investment, as these majestic boats can cost hundreds of millions. For instance, Amazon tycoon Jeff Bezos paid upwards of $498 million for his superyacht.

A small luxury yacht costs $1 million to purchase and $142,000 annually to maintain. A medium-sized luxury yacht has a $10 million purchase price and $498,000 in annual maintenance expenditures. A large, luxurious yacht costs $50 million to purchase and $2,140,000 to maintain each year.

High-quality materials and craftsmanship, advanced and cutting-edge technology, and a wide range of spaces and unique features are what make luxury yachts expensive. Let's find out more about the full spectrum of costs associated with buying and owning a yacht.

  • You can buy small, used luxury yachts for as little as $50,000, medium ones for $1 million, and large used ones for $10 million.
  • You may negotiate with dealers of luxury yachts like Burgess Yachts and Fraser Yachts to get the best price for your budget.
  • Maintenance and repairs of luxury yachts can cost from $100,000 to $13 million or more per year.

cost of a luxury yacht

On this page:

Luxury yachts cost, ongoing ownership costs of a luxury yacht, why luxury yachts are expensive, types of luxury yachts, important considerations before buying.

As you begin your journey into the world of luxury yachts, you need to consider several factors when deciding on the initial purchase. In this section, we'll focus on two key aspects: New Versus Used Yachts and Dealer Prices.

These are just general estimates, and the actual cost of a new or used luxury yacht can vary widely depending on a variety of factors, including the shipyard that built it, the materials used, the level of customization, and the age and condition of the vessel.

New luxury yachts

Purchasing a new yacht allows you to customize it according to your own taste and requirements. You will benefit from the latest technology, design, and features. However, this option also comes with a higher initial cost, and you may experience depreciation in the first few years.

How much does it cost to buy and own a 50-foot yacht ? Here's our detailed article on it.

Used luxury yachts

Buying a used yacht can be a more budget-friendly option. You can find a high-quality vessel at a lower price, especially if it is well-maintained and has low usage. The downside, however, may involve additional costs for refurbishments, upgrades, or repairs that a new yacht wouldn't need.

cost of a luxury yacht

Dealership prices of yachts

You might notice that prices can vary significantly between dealerships and even between different yachts of similar sizes and features. Below are some of the top yacht dealerships in the world. You can contact them directly for more information on their current inventory and pricing.

Burgess Yachts : Burgess is one of the world's leading yacht brokerage firms, with offices in London, Monaco, New York, and other locations. They offer a wide range of luxury yachts for sale, including new and used vessels in various sizes and styles.

Fraser Yachts : Fraser is another leading yacht brokerage firm, with offices in Monaco, London, and other locations. They specialize in the sale and purchase of luxury yachts, as well as yacht management and charter services.

Northrop & Johnson : Northrop & Johnson is a global yacht brokerage firm with offices in the US, Europe, and Asia. They offer a wide range of luxury yachts for sale, as well as charter and management services.

Camper & Nicholsons : Camper & Nicholsons is one of the oldest and most respected yacht brokerage firms in the world, with offices in Europe, the US, and Asia. They specialize in the sale and purchase of luxury yachts, as well as yacht management and charter services.

Ocean Independence : Ocean Independence is a global yacht brokerage firm with offices in Europe, the US, and Asia. They offer a wide range of luxury yachts for sale, as well as charter and management services.

cost of a luxury yacht

To ensure that you find the best deal, take the following steps:

Negotiate : Don't be afraid to negotiate with dealerships to get the best price possible. You can leverage your research to make well-informed offers.

Consider additional costs : Remember to factor in other fees associated with purchasing a yacht, such as taxes, documentation, and registration. Always calculate the total cost of ownership, including ongoing expenses like fuel, dockage, insurance, maintenance, and crew salaries.

If you want to buy and own a small yacht , here's how much it costs.

In this section, we'll cover four significant ongoing ownership costs: Maintenance and Repairs, Berthing and Storage, Crew Costs, and Insurance.

Maintenance and repairs of luxury yachts

Typical expenses include cleaning, annual haul-outs, painting, and engine maintenance. According to United Yacht Sales, the cost of ownership for a 60-foot, $1 million yacht is roughly 10% of its value , or $100,000 per year if it's over ten years old. This figure can vary depending on the age and model of your yacht.

Berthing and storage of your yacht

Berthing costs depend on factors such as the size of your boat and the location of the marina. Prime marinas in popular areas can be more expensive. 26 North Yachts suggests that you can minimize these expenses by refueling away from popular marinas and cruising at recommended speeds.

Crew costs when owning a luxury yacht

Crew salaries, benefits, and training can add up quickly. Factors influencing crew costs include the size of your yacht and the number of crew members required for its operation. It's essential to budget for these expenses to ensure a pleasant and safe yachting experience for you and your guests.

Insurance for your yacht

Premiums vary widely depending on factors such as the yacht's value, construction materials, intended use, and cruising areas. Always consult with a reputable marine insurer to determine the appropriate coverage for your particular yacht and usage pattern.

If you want to get a feel of a yacht before buying, you may want to charter first. Here's how much it costs to rent a yacht .

Highest quality materials and craftsmanship

The exterior is made from premium materials like lightweight but strong aluminum, carbon fiber, or high-grade steel . The interior usually features luxurious woods, rare marbles, plush fabrics, and bespoke furniture pieces , creating an elegant and comfortable atmosphere for you and your guests. Furthermore, the construction process involves advanced engineering and skilled professionals , ensuring your yacht meets the highest safety and performance standards.

State-of-the-art technology onboard

As the owner, you can expect advanced navigation and communication systems , as well as cutting-edge entertainment options . Your yacht may be equipped with high-end audio and video systems, satellite TV, Wi-Fi, and even underwater lighting for nighttime enjoyment. Additionally, the engine and propulsion technologies are designed for maximum efficiency and reliability. These advanced features come at a cost, but they significantly enhance your yachting experience.

Wide range of spaces and amenities

Depending on the size of your yacht, you may have multiple decks, spacious staterooms, a gourmet kitchen, and a variety of indoor and outdoor social spaces . Many yachts offer unique features like a cinema, gym, spa, or even a helicopter landing pad . The level of customization and attention to detail when designing and outfitting these spaces contributes to the overall cost of the yacht.

cost of a luxury yacht

When it comes to luxury yachts, there are mainly two categories to consider for your ultimate yachting experience in 2023. In this section, we'll explore two types of luxury yachts: Motor Yachts and Sailing Yachts.

Motor yachts

Motor yachts are the epitome of luxury, offering a perfect balance of style, comfort, and performance. These yachts come in various sizes, ranging from 24m (79ft) to more than 180m (590ft). Their spacious interiors provide ample room for relaxation, entertainment, and accommodation, making them ideal for extended cruises or even as a floating home.

Motor yachts are equipped with state-of-the-art technology, allowing for smooth navigation and automated systems to ensure your complete comfort while on board. Some of the features you can expect to find in a motor yacht include:

  • Luxurious living spaces with high-end furnishings
  • Spacious decks for sunbathing and al fresco dining
  • Gourmet kitchens with professional appliances
  • Fitness centers, spas, and even swimming pools on larger yachts
  • A wide array of water toys, such as jet skis, paddleboards, and tenders.

Sailing yachts

For those who have a passion for the open seas and seek a more authentic sailing experience, sailing yachts offer the perfect blend of luxury and adventure. While these yachts can range in size and design, they typically emphasize elegance and craftsmanship, featuring beautiful woodwork and traditional rigging.

Sailing yachts may require more hands-on involvement from their owners compared to their motorized counterparts, but this can be a rewarding experience for true sailing enthusiasts. You'll feel the thrill and excitement of harnessing the wind to propel your vessel, exploring new destinations, and reconnecting with nature. Some key features of sailing yachts include:

  • Expansive outdoor areas for relaxing and enjoying the view
  • Stylish and comfortable cabins
  • Functional entertainment and dining areas
  • A variety of sail configurations and rigging systems
  • Environmentally-friendly design, relying on wind power for propulsion.
If you want to gain experience firsthand, you may charter a superyacht for a reasonable price.

cost of a luxury yacht

First, determine the type and size of motor yacht that best meets your needs. Consider factors such as amenities, living space, and performance. Narrow down a size range and think about the type of experiences you're looking for.

Budget is another crucial aspect to plan for. Owning a luxury yacht can be expensive, as the cost of ownership can be up to 10% of its value annually. Set a budget, and stick to it to avoid any financial difficulties in the future. Be sure to consider maintenance, crew salaries, and fuel expenses.

Before buying your dream yacht, it's essential to try before you buy . Conduct a charter or a sea trial to get a feel for the yacht and ensure you're happy with the performance and amenities. This hands-on experience is invaluable in the buying process.

Working with a trusted dealer or broker is key. They should understand your needs and preferences, guiding you through the buying process.

Finally, prioritize safety . Before setting sail on your luxury yacht, take a boating safety course, and ensure that all necessary safety gear is on board . A well-maintained, safe yacht will provide you with peace of mind and allow you to fully enjoy your time spent on the water.

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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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cost of a luxury yacht

EUR 124,950,000† (EU VAT paid)

  • Length: 90.1m (295.6ft)
  • Guests: 14 guests in 7 cabins
  • Built: 2010 (refitted 2024)
  • Lurssen-Werft

cost of a luxury yacht

O'PTASIA

EUR 89,999,000

  • Length: 85m (278.9ft)
  • Guests: 23 guests in 10 cabins
  • Built: 2018
  • Golden Yachts

cost of a luxury yacht

EUR 79,750,000† (EU VAT paid)

  • Length: 80m (262.5ft)
  • Guests: 18 guests in 9 cabins
  • Built: 2007

cost of a luxury yacht

PROJECT 825

Price on application

  • Length: 75.8m (248.7ft)
  • Guests: 12 guests in 6 cabins
  • Built: 2025
  • Feadship, Royal Van Lent

cost of a luxury yacht

EUR 109,000,000 (EU VAT paid)

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

cost of a luxury yacht

USD 62,500,000†

  • Length: 71.7m (235.2ft)
  • Built: 2006
  • Alstom Leroux Naval Shipyard

cost of a luxury yacht

EUR 55,000,000† (EU VAT paid)

  • Length: 70.6m (231.6ft)
  • Built: 2011
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EUR 49,500,000†

  • Length: 65m (213.3ft)
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EUR 35,800,000

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

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The 15 Most Expensive Yachts in the World

These dream machines show what's possible when money is no object., rachel cormack.

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Al Saïd Lürssen

As superyachts continue to get bigger and more extravagant than ever before, so too do the accompanying price tags. According to the Boats Group’s market index, the average cost of a yacht above 80 feet in the US last year was $5.3 million. As you’ll see below, though, there are a handful of high-end vessels that blow that figure out of the water.

Although it’s difficult to get exact prices in what is a fiercely secretive industry, sales of luxury yachts have surged amid the pandemic and the ultra-wealthy are more willing than ever to fork out for ostentatious ocean goers. Case in point: Billionaire Amazon founder Jeff Bezos reportedly parted with $485 million for his Oceanco megayacht that’s currently in build.

Believe it or not, that’s quite a modest price compared to at least half of the entries on this list. Lürssen’s Dilbar , for instance, is rumored to have cost in the ballpark of $800 million. As alluded to, the shipyards behind these lavish, nine-figure designs seldom share details regarding ownership or price. Therefore, the amounts cited here are estimates pulled together from Wikipedia and other reliable sources. Still, the 15 vessels here give you a good idea of what’s possible when money is no object and the best builders in the business are at your whim.

Lürssen: ‘Dilbar’ — $800 Million

EU authorities began to seize Russian Oligarch's superyachts

Delivered in 2016, Lürssen’s Dilbar is the largest motor yacht in the world by gross tonnage. It’s also the most expensive with an original price tag in the ballpark of $800 million. Weighing in at 15,917 tons, the monolithic 512-footer is one of the most complex and challenging vessels the German yard has ever built. Penned by Espen Øino, Dilbar features a classic profile and a light ivory hull with bronze accents. Onboard, meanwhile, the elegant interiors were brought to life by Winch Design and outfitted with only the best luxury materials. The pièce de résistance is, of course, the 82-foot swimming pool. Lürssen says it is the largest pool ever to have been installed on a yacht. Seafarers also have access to 41,000 square feet of saloons, staterooms, spas and cinemas to explore. German authorities impounded Dilbar earlier this year after establishing it was linked to a Russian billionaire. According to the US Treasury Department, the yacht is now worth between $600 million and $700 million, with annual maintenance costs of about $60 million.

Blohm+Voss: ‘Eclipse’ — $600 Million

Blohm & Voss "Eclipse" Superyacht

The epic 533-foot Blohm+Voss superyacht Eclipse took half a decade to come to fruition before it was finally delivered to Russian billionaire Roman Abramovich in 2010. At that time, it was the largest yacht in the world and certainly one of the most expensive. It has now been 20-odd years and Eclipse still sits at the top of both lists and is estimated to be worth over $600 million. Designed inside and out by Terence Disdale, the vessel is equipped with 17 staterooms, a 185-foot-long owner’s deck with a palatial owner’s suite, a giant swimming pool that doubles as a dance floor, a gym, a beach club and a spa. Other highlights include a helicopter hangar with space for three choppers and a garage that can hold six tenders. On top of that, Eclipse has a top-end speed of 21 knots, with a range of 6,000 nautical miles.

Lürssen: ‘Azzam’ — $600 Million

cost of a luxury yacht

Lürssen has proven itself adept at delivering sizable (and expensive) vessels. In fact, the German yard is behind the world’s longest superyacht, which reportedly set one private owner back more than $600 million. Delivered in 2013, Azzam measures just shy of 593 feet and offers a volume of 13,136 GT. Penned by Nauta Yacht, the yacht’s exterior is characterized by a long, sleek forward area and a series of tiers ascending to the skydeck. The interior, meanwhile, was brought to life by Christophe Leoni and showcases luxurious decor inspired by the Empire style of the early 19th century. Azzam is no slouch on the high seas, either, with a top speed of more than 30 knots. Astonishingly, the behemoth only took three years to build after one year of engineering. Azzam also underwent a refit in 2020 that likely resulted in a few more dollars being spent on her.

Lürssen: ‘Al Said’ — $600 Million

cost of a luxury yacht

Another nine-figure Lürssen megayacht on the list is Al Saïd . Delivered in 2008, the 508-footer reportedly set the Sultan of Oman roughly $600 million and, well, you can tell. Designed by Espen Øino, Al Saïd ’s exterior is reminiscent of a classic cruise liner with the twin-exhaust stacks in the center of the superstructure. Sporting a steel hull and lightweight aluminum superstructure, the yacht is capable of 25 knots flat out, with a cruising speed of 22 knots. Inside, meanwhile, the contemporary interior was penned by Redman Whiteley Dixon. Highlights include a concert hall that can hold a 50-piece orchestra.

Lürssen: ‘A+’ (Topaz) — $527 Million

Lürssen Topaz largest yachts in the world

Lürssen megayacht A+ , previously known as Topaz , reportedly cost approximately $527 million (€400 million) to come to fruition. It is the fourth-largest yacht ever built by the German shipyard and was launched back in 2012. It’s rumored that Sheikh Mansour bin Zayed al Nahyan, the deputy prime minister of the UAE and owner of Manchester City Football Club, took delivery of the vessel and is the current owner. A+ ’s exterior was penned by Tim Heywood Designs, while her interior was brought to life by Terence Disdale. She is equipped with cabins for 62 guests and 72 crew, as well as two helipads, a pool and a large swim platform. What more do you need?

Fincantieri: ‘Serene’ — $444 Million

A float plane flies over the super yacht Serene during take off in Ketchikan, Alaska Friday morning. Work began on the 493-foot 3-inch yacht in 2007 by Italian shipbuilder Fincantieri. The ship has a crew of 52 and room for 24 guests. The seven deck vessel has landing capabilities for two helicopters and for a submarine and a sea water pool. (AP Photo/Ketchikan Daily News, Hall Anderson)

Fincantieri’s first superyacht turned out to be big in terms of both proportions and price. The 439-footer was the largest yacht ever launched in Italy when it hit the water in 2011 and cost approximately $444 million (€450 million) to complete. Designed by Espen Øino, the seven-deck vessel is characterized by a sleek blue hull, a contrasting white superstructure and a ton of racy curves. She’s brimming with amenities, too, including an enclosed winter garden for dining in any season, a tender garage large enough to house a submarine and a supersized swimming pool for soaking. She also has two helipads and a hangar to facilitate comings and goings. Although the details of Serene ’s interior remain tightly under wraps, we do know Pascale Reymond of Reymond Langton Design penned the 43,056-square-foot living quarters.

Platinum Yachts: ‘Dubai’ — $400 Million

DUBAI UAE - DEC 16: Dubai - yacht of the Sheikh Mohammed bin Rashid Al Maktoum the ruler of the Emirate of Dubai. December 16 2014 in Dubai UAE

Dubai was, quite literally, built for royalty at a princely fee of roughly $400 million. The superyacht was originally commissioned by Prince Jefri Bolkiah of Brunei as a joint project between Blohm+Voss and Lürssen. The duo only got to finish the bare hull and skeletal superstructure before construction was halted in 1998. The incomplete design was then sold to the government of Dubai and turned into a royal yacht for the country’s ruler. The 532-footer, which was finished off by Platinum Yachts, was delivered to Sheikh Mohammed bin Rashid Al Maktoum in 2006. Penned by Winch Design, Dubai spans seven decks and can sleep 24 guests and 88 crew. Befitting a sheikh, she is also equipped with a landing pad for a Black Hawk helicopter, a submarine garage, a disco and a cinema.

Blohm+Voss : ‘Motor Yacht A’ — $300 Million

Motor Yacht A 2008

Legend has it that architect Philippe Starck sketched the design for Motor Yacht A on a napkin in a matter of minutes. Blohm + Voss then sold the superyacht for approximately $300 million. Commissioned by Russian industrialist Andrey Melnichenko, the 390-footer is characterized by a minimalist exterior and a highly distinctive pelican bow that cuts a striking silhouette. With a beam of 62 feet, the vessel offers a generous interior volume of 5,500 GT. She offers accommodation for 14 guests and 42 crew. She also has no less than three swimming pools, one of which has a glass bottom that creates a wow factor on the deck below. Melnichenko kept  Motor Yacht A for nearly a decade before replacing it with Nobiskrug’s Sailing Yacht A . The 468-footer is not only the largest sailing yacht in the world, but also the most expensive with an estimated value of $578 million .

Lürssen: ‘Radiant’ — $300 Million

cost of a luxury yacht

The tale behind Radiant ’s price tag is almost as long as the 360-footer itself. Rumor has it, the superyacht was built for Russian tycoon Boris Berezovsky at a cost of roughly $149 million (€148.5 million). After Berezovsky ran into financial difficulties, he asked Edmiston to list the vessel for $352 million (€350 million) and it eventually sold for a hair under that. Delivered in 2010, Radiant sports a steel hull, an aluminum superstructure and gorgeous teak decking. She can comfortably accommodate up to 20 guests in 10 suites, as well as up to 44 crew. Her top-tier amenities include a movie theatre, a beauty salon, a beach club, a gym, a pool, a Jacuzzi, a helipad and a fully stocked tender garage. Certainly sounds worthy of $300 million to us.

Lürssen: ‘Pelorus’ — $300 Million

cost of a luxury yacht

In the late ‘90s, Saudi Arabian businessman Abdulmohsen Abdulmalik Al-Sheikh commissioned Lürssen to create Pelorus . The 377-footer hit the seas in 2003 and was the 11th-largest yacht in the world at the time. During her maiden voyage, Pelorus was sold to Roman Abramovich. The Russian entrepreneur had it altered by Blohm & Voss, adding a second helipad and other lavish amenities. Fast forward to 2009, Irina Abramovich received the yacht as part of her divorce settlement from Roman. She sold it to David Geffen in 2011 via broker Merle Wood for $300 million. Pelorus features a sleek exterior designed by Tim Heywood and a beachy chic interior penned by Terence Disdale. She has several terraces with doors that open out to the sea to create a true indoor/outdoor feel.

Peters Werft: ‘Al Mirqab’ — $300 Million

cost of a luxury yacht

The 436-foot Al Mirqab is one of the largest yachts in the world and has a price tag to match. Launched in 2008, the $300 million vessel was built for Qatar’s former prime minister under the supervision of Kusch Yachts in the Peters Werft shipyard in Germany. Penned by Tim Heywood, the elegant exterior pairs a long, navy-blue hull with a contrasting white superstructure. The interior, meanwhile, was brought to life by Andrew Winch and has won several awards. Arguably, the most striking feature is the Arabic-influenced motifs on the marble floors. Another highlight is the swimming pool on the lower deck, which can be opened up to the sea via side hatches in the hull. Al Mirqab has staterooms for 36, and crew quarters for 45. She was also treated to a refit in 2014 and thus looks fresher than your average 14-year-old vessel.

Abeking & Rasmussen: ‘Aviva’ — $250 Million

cost of a luxury yacht

Abeking & Rasmussen’s Aviva shows what kind of lavish amenities you can get with $250 million. The 323-footer, which was delivered in 2017, features the largest gym on any yacht. It’s so big, in fact, that it houses a full-size paddle tennis court that pulls double duty as a soccer field when the nets are down. Penned by Toby Silverton and Reymond Langton Design, Aviva pairs a curvacious blue exterior with a chic modern interior. She is equipped with a hybrid propulsion system that enables her to reach up to 11 knots using only electric motors or 20 knots with the addition of diesel power. The yacht is reportedly the sequel to another smaller Aviva that was delivered to British billionaire Joe Lewis in 2007. The yacht was launched just 33 months after the signing of the contract, which is quite an impressive feat given the complexity and scope of the project.

Lürssen: ‘Octopus’ — $200 Million 

Octopus Superyacht Exterior

Launched in 2003 at a cost of approximately $200 million, Octopus was built by Lürssen for late Microsoft co-founder Paul Allen. The 414-footer is regularly loaned out for expeditions and scientific research initiatives. A true explorer, it features a dive center with a hyperbaric chamber, a yellow submarine named Pagoo and a remotely operated vehicle that can dive thousands of feet below the surface. Of course, this is complemented by state-of-the-art research technology. In addition, Octopus features two helipads, a hangar and seven tenders to facilitate comings and goings. She is also equipped with 13 staterooms, several bars, a recording studio, a cinema, a spa, a gym, a library and a basketball court. (You might remember Allen once owned the Portland Trail Blazers.) What’s more, Octopus appears to be climbing in price as time goes on. In 2019, the vessel was listed for sale for a cool $325 million .

Lürssen: ‘Rising Sun’ — $200 Million

Lürssen Rising Sun superyacht

Rising Sun was designed by one of the brightest minds in the industry: the late, legendary Jon Bannenberg. In fact, it was the last yacht the Australian designer penned before he died in 2002. The $200 million vessel was built by Lürssen and delivered to Oracle CEO Larry Ellison two years later in 2004. The 138-footer is characterized by large expanses of glass that let in plenty of the sun’s rays. In addition, it offers 86,000 square feet of living space brought to life by Seccombe Design. There are nine cabins for up to 18 guests and generous crew quarters for up to 46 crew. Elsewhere, you’ll find a gym, a cinema, a wine cellar and a basketball court. As for grunt, Rising Sun promises a maximum speed of 28 knots and a cruising speed of 26 knots. She was last refitted in 2011 and is currently owned by billionaire David Geffen.

Lürssen: ‘Solandge’ — $150 Million

Lürssen’s Solandge

Lürssen’s Solandge is rumored to have cost $150 million to come to fruition, and you can tell. Delivered in 2013, the 279-footer is replete with the finest materials. The floor, for example, sports no less than 50 types of exotic wood. There are also around 50 samples of natural stone in the bathrooms. Designed by Espen Øino, Solandge has a sleek exterior with elegant, clean lines. Aileen Rodriguez’s interior, meanwhile, is full to the brim with extravagant amenities. The spa comprises multiple pools on different decks, along with a hammam and a sauna. In addition, the yacht features a beauty salon is equipped with a sink and crane that together creates “snow” à la a snow room, as well as a gym and a massage room. As Lürssen puts it, Solandge was built with pure yachting pleasure in mind.

Rachel Cormack is a digital editor at Robb Report. She cut her teeth writing for HuffPost, Concrete Playground, and several other online publications in Australia, before moving to New York at the…

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

cost of a luxury 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.

cost of a luxury yacht

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

cost of a luxury yacht

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

cost of a luxury yacht

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?

cost of a luxury yacht

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

cost of a luxury yacht

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.

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

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

cost of a luxury yacht

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 / €.

cost of a luxury yacht

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cost of a luxury yacht

Understanding Yacht Prices: How Much Do Yachts Cost?

When it comes to purchasing a yacht, one of the key considerations is the price. Yachts can range from small vessels under 40 feet to luxurious superyachts over 200 feet in length. The cost of a yacht can vary significantly depending on factors such as size, style, age, and finish. Additionally, the amenities aboard, such as cabins, heads, galley, and deck space, play a role in determining a yacht’s classification.

So, how much do yachts actually cost? The price range is quite broad, with small used sailing yachts starting at around $15,000 and superyachts costing millions of dollars or more. But it’s important to remember that the upfront cost is not the only expense to consider when buying a yacht. Other ownership costs include marina fees, insurance, maintenance, fuel, and crew expenses.

To get a better understanding of yacht prices and what to expect, it’s helpful to explore different types of yachts, their costs, and the average price range in the market.

Key Takeaways:

  • Yachts can range from small vessels under 40 feet to superyachts over 200 feet in length.
  • The cost of a yacht depends on factors such as size, style, age, and finish.
  • Additional ownership costs include marina fees, insurance, maintenance, fuel, and crew expenses.
  • Small used sailing yachts can start at around $15,000, while superyachts can cost millions of dollars or more.
  • It’s important to consider your budget and ongoing costs when buying a yacht.

What Classifies as a Yacht?

A yacht can be classified as either a sailing yacht or a motor-powered yacht . While there is no strict definition based on size, the general consensus in the industry is that boats between 40 and 70 feet are considered yachts. However, some also include vessels as small as 33 feet in this classification. Yachts larger than 70 feet are commonly referred to as superyachts, and those over 165 or 200 feet may be called megayachts. Ultimately, the classification of a boat as a yacht depends on its size and the amenities it offers, such as overnight stays, galley, and deck space.

Many in the industry consider boats between 40 and 70 feet to be classified as yachts.

In the world of yachts, there is a wide range of sizes and styles, but what defines them as yachts is their ability to provide a luxurious and comfortable experience on the water. Whether it’s a sleek motor-powered yacht or an elegant sailing yacht , these vessels offer the perfect blend of performance, design, and onboard amenities.

The classification of a boat as a yacht is not solely based on its size but also on the type of experience it offers. Yachts are designed to provide a level of comfort and luxury that sets them apart from other types of boats. They are often equipped with spacious cabins, modern galley kitchens, and ample deck space for relaxation and entertainment.

Yachts are designed to provide a level of comfort and luxury that sets them apart from other types of boats.

Whether you’re cruising along the coastline or embarking on an extended voyage, a yacht offers the freedom to explore the open waters while enjoying the epitome of luxury.

Cost of Buying a Yacht

The cost of buying a yacht can vary widely depending on the size, age, and type of yacht. If you’re looking for a small used sailing yacht , you can find one for as low as $15,000 in the United States. For those interested in a small motor yacht, prices typically range from $50,000 to $100,000. As you move up in size and amenities, larger motor yachts and new 40-foot day boats can cost up to $1 million or more.

For those dreaming of owning a superyacht, be prepared for a substantial investment. Superyachts can cost multiple millions of dollars, depending on factors such as size, luxury features, and customization. Finally, for the ultimate in luxury and size, megayachts can reach even higher price ranges, with some costing tens of millions or even hundreds of millions of dollars.

When considering the cost of a yacht, it’s important to remember that the purchase price is just the beginning. Yacht ownership comes with ongoing expenses such as insurance, maintenance, fuel, and the potential need for a crew. These additional costs can add up quickly and should be factored into your budget when determining the overall cost of yacht ownership.

cost of yacht purchase

As you plan your yacht purchase, it’s important to consider your specific needs and budget. Working with a reputable yacht broker can help you navigate the market and find the yacht that best fits your requirements. Whether you’re looking for a small sailing yacht or a luxurious superyacht, understanding the cost of buying and fully owning a yacht is essential to making informed decisions.

Cost of Owning a Yacht

When considering yacht ownership, it’s important to take into account not only the initial purchase price but also the ongoing expenses associated with owning a yacht. These additional costs can include marina fees, insurance, maintenance, fuel, crew salaries, and yacht depreciation.

Marina Fees

Marina fees can vary depending on the size of your yacht and the location of the marina. Smaller yachts may have marina fees starting at around $5,000 per year, while larger yachts can incur costs in the tens of thousands of dollars annually.

Insuring your yacht is an essential expense to protect your investment. Insurance costs typically amount to around 0.5% of the yacht’s value annually. This cost can vary depending on factors such as the yacht’s size, age, and intended use.

Maintenance and Repairs

Yacht maintenance costs can add up over time. On average, yacht owners can expect to spend approximately 10% of the yacht’s value on maintenance and repairs each year. This can include routine maintenance tasks, such as hull cleaning and engine servicing, as well as repairs for any wear and tear or unexpected issues that may arise.

The cost of fuel for a yacht can vary depending on the cruising distance and the size of the yacht. Larger yachts typically have larger fuel tanks and may consume more fuel during each trip. It’s important to consider fuel costs when budgeting for yacht ownership.

Crew Salaries

Yachts over 70 or 80 feet in length may require a crew to operate and maintain the vessel. Crew salaries can vary depending on their positions and experience. Junior crew members can earn around $3,200 per month, while captains and chief engineers can earn up to $10,500 per month.

Yacht Depreciation

Yachts, like any other asset, experience depreciation over time. New boats can lose 40-50% of their initial price over the first 8-10 years. It’s important to consider this depreciation when assessing the overall cost of yacht ownership.

When calculating the cost of owning a yacht, it’s crucial to factor in these additional expenses to ensure that you have a comprehensive understanding of the financial commitment involved. Owning a yacht can be a rewarding experience, but being prepared for the ongoing costs will help you make informed decisions and enjoy your time on the water.

Types of Yachts per Cost

When it comes to yachts, prices can vary significantly depending on factors such as length, style, engine size, and finish. Let’s explore the different types of yachts and their corresponding price ranges:

Small Yachts

Small yachts, typically around 40 feet in length, are often referred to as cabin cruisers. These boats offer a great entry point into the world of yachting. Prices for new and recent models can range from $250,000 to over $1 million , depending on the specific features and amenities. If you’re open to considering older models, you may find substantially lower prices for small yachts.

Medium-Sized Yachts

Mid-sized yachts, ranging from 40 to 70 feet, offer a balance between space and convenience. These yachts can vary in price from around $250,000 to well beyond $4 million . The price depends on factors such as size, model, finish, engines, and whether you’re looking at new or used yachts. Consider your specific preferences and budget when exploring the medium-sized yacht market.

Sailing Yachts

If you’re a sailing enthusiast, you’ll be pleased to know that there are yachts specifically designed for sailing experiences. Prices for sailing yachts can start as low as $5,000 for used models . However, larger and more luxurious sailing yachts, including superyachts, can cost several million dollars. For example, the largest sailing yacht in the world can reach a staggering $600 million . The price of a sailing yacht depends on factors such as size, age, brand, and customization options.

Luxury Yachts and Superyachts

For those looking for the ultimate yachting experience, luxury yachts and superyachts offer unparalleled opulence and amenities. Prices for luxury yachts can range from several million dollars to over $600 million , depending on the size, brand, age, and customization options. These prestigious yachts provide the utmost comfort and refinement, making them highly sought-after in the yachting world.

Megayachts are the epitome of luxury and grandeur in the yachting industry. These massive vessels, typically over 165 or 200 feet in length, can cost tens of millions of dollars or more . The largest known megayacht, Azzam, has a reported cost of $600 million . Megayachts offer unparalleled space, luxury features, and amenities, making them the pinnacle of yacht ownership.

When considering purchasing a yacht, it’s essential to determine your budget and the specific type of yacht that suits your preferences. By understanding the price ranges associated with different types of yachts, you can make a more informed decision regarding your yacht purchase.

How Much Does a Small Yacht Cost? (25 to 40 feet)

When it comes to small yachts, those in the 25 to 40 feet range, also known as cabin cruisers, are often considered entry-level options for yacht enthusiasts. These compact vessels offer the perfect blend of functionality and comfort, with cabins, heads, and a galley, allowing for weekend getaways on the water.

The cost of a small yacht can vary widely depending on various factors, including whether the yacht is new or used, the model, finish, and engine specifications. For those looking to purchase a new or recent-model small yacht in the 38 to 40 feet range, prices can range anywhere from $250,000 to over $1 million. On the other hand, older models often come with substantially lower price tags.

According to the Boats Group Market Index of 2022, the average price for new and used yachts between 36 to 45 feet in the United States was $238,000. This provides a good indication of the cost range for small yachts in the market.

When considering the purchase of a small yacht, it’s important to keep in mind your budget, preferences, and requirements. Working with a reputable yacht broker can help ensure that you find the right small yacht that fits your needs and falls within your desired price range.

small yacht prices

How Much Does a Medium-Sized Yacht Cost? (40 to 70 feet)

Medium-sized yachts between 40 and 70 feet in length offer a balance of size, comfort, and performance. The cost of these yachts can vary depending on several factors, including size, model, finish, engines, and whether they are new or used.

According to the Boats Group Market Index of 2022, the average price of yachts in the 46 to 55 feet range in the United States was approximately $467,899 , with 2,273 boats sold. For those looking for larger mid-sized yachts between 56 and 79 feet, the average price was around $1.18 million , with 997 boats sold in 2022.

While these averages provide a general idea, it’s important to note that specific yacht prices can vary significantly based on individual listings and prevailing market conditions. It’s recommended to consult with a professional yacht broker who can provide accurate and up-to-date pricing information based on your specific requirements.

When considering the cost of a medium-sized yacht, it’s also essential to factor in additional expenses associated with yacht ownership, such as insurance, maintenance, mooring fees, and crew salaries if applicable. Owning a yacht requires careful financial planning to ensure a smooth and enjoyable yachting experience.

How Much Does a Sailing Yacht Cost?

Sailing yachts are available in various sizes and their prices can vary depending on factors such as size, age, and finish. The cost of a sailing yacht can range from $5,000 for a small used sailing yacht to several million dollars for larger sailing yachts and superyachts. As a general estimate, the cost of larger sailing yachts is roughly calculated at around $1 million per 3 feet in length. For example, a 100-foot sailing yacht may cost approximately $30 million. It’s important to note that prices can greatly differ based on the age and size of the yacht.

Smaller used sailing yachts in the range of 30 to 35 feet may have a price tag of around $25,000 for older models, while new ones can cost $250,000 or more. When considering the cost of a sailing yacht, it’s crucial to take into account factors such as the yacht’s condition, equipment, and additional expenses such as maintenance and mooring fees.

sailing yacht prices

Whether you’re looking for a smaller sailing yacht for weekend getaways or a larger luxury sailing yacht for world exploration, the cost will vary depending on your specific requirements and preferences. Consulting with a professional yacht broker can help you navigate the market and find the ideal sailing yacht within your budget.

How Much Does a Luxury Yacht or Superyacht Cost?

Luxury yachts and superyachts epitomize opulence and extravagance, offering discerning individuals the ultimate in indulgence and comfort. The cost of a luxury yacht can vary depending on several factors, including size, brand, age, and amenities. Generally, luxury yachts range in price from a few hundred thousand dollars to several million dollars.

When it comes to superyachts, their grandeur and sheer size command an equally impressive price tag. Superyachts typically measure between 79 feet and over 590 feet in length and can cost several million to hundreds of millions of dollars. The exact cost of a superyacht is influenced by various factors such as size, age, brand, amenities, and customization options.

While new superyachts may be more expensive, used superyachts can also carry significant price tags due to their exclusivity and desirability. Even older models retain their value, offering buyers a chance to experience luxury on the seas.

Luxury Yacht Price Range

The price range for luxury yachts can vary greatly depending on individual specifications and preferences. Here is a general breakdown of the luxury yacht price range :

It is crucial to consider your budget and desired features when exploring the world of luxury yachts. Engaging the services of a reputable yacht broker can help guide you through the available options and ensure you find the perfect luxury yacht to meet your specific requirements.

Investing in a luxury yacht offers a one-of-a-kind experience, providing owners and their guests with unparalleled comfort and exceptional amenities while exploring the open seas.

How Much Does a Megayacht Cost?

Megayachts are the epitome of luxury and extravagance on the high seas. These floating palaces offer unparalleled opulence and a host of amenities that cater to the most discerning individuals. But such luxury comes at a price.

When it comes to megayacht prices , they can reach astronomical figures, often in the hundreds of millions of dollars. These magnificent vessels can span over 165 or 200 feet in length, with some measuring several hundred feet.

An iconic example of a megayacht is the world’s largest yacht, Azzam. Stretching an astonishing 590 feet, this mega-marvel reportedly cost a staggering $600 million to build.

Megayachts boast a range of lavish features. From grand swimming pools to helicopter pads, and from opulent guest accommodations to spacious crew quarters, no expense is spared in creating the ultimate yacht experience.

However, the cost of owning a megayacht extends beyond the initial purchase price. Additional expenses include crew salaries, which can run into the thousands each month. Mooring fees, fuel costs, insurance, and regular maintenance also contribute to the overall cost of owning and operating a megayacht.

Depending on the size and complexity of the vessel, these expenses can easily amount to millions of dollars per year.

Overall, megayachts represent the epitome of luxury and are a testament to wealth and indulgence. The cost associated with owning and operating these magnificent vessels mirrors their grandeur and exclusivity. It takes a significant investment to join the elite few who can call a megayacht their own.

megayacht cost

In recognition of their immense size, incredible amenities, and eye-watering price tags, megayachts truly epitomize the epitome of luxury.

Average Cost of Yacht

When considering the purchase of a yacht, it’s important to have a clear understanding of the average cost in order to make an informed decision. The average cost of a yacht can vary based on several factors such as size, type, age, and location. According to industry data, the average selling price of a yacht in the United States in 2021 was approximately $424,408.

Specifically, when looking at the average cost of yachts in different size ranges, yachts between 46 to 55 feet averaged $424,408, while yachts between 56 to 79 feet averaged $1.18 million. For those interested in smaller boats, the average cost for boats under 26 feet was $47,682, while boats between 26 to 35 feet averaged $110,982.

It’s important to note that these figures represent average prices and individual listings may vary. Other factors such as the yacht’s condition, features, and location can also influence the price. To get a more accurate estimate, it’s recommended to consult with a professional yacht broker or search specific listings in your desired market.

These average cost figures provide a general idea of the price range for yachts in different size categories. However, it’s worth noting that yachts come in various styles and with different features, which can significantly influence their prices. If you’re in the market for a yacht, it’s crucial to thoroughly research and consider your budget as well as your specific requirements and preferences before making a purchase.

Cost of a Small Yacht

The cost of a small yacht can vary depending on factors such as size, age, brand, and condition. Small yachts under 40 feet are often considered cruising boats and can offer many amenities found on larger vessels.

The average selling price for yachts between 40 and 50 feet in 2021 was $329,000. Specific small yachts currently on the market can range from under $400,000 to over $800,000, depending on the year, make, and model.

When purchasing a small yacht, it’s recommended to work with a professional yacht broker who can guide you through the process and help you find the right yacht that fits your budget and requirements.

small yacht prices

Comparison of Small Yacht Prices

Table: Comparison of small yacht prices based on length

This table provides a comparison of small yacht prices based on their length. Please note that the prices mentioned are approximate and can vary based on factors such as the yacht’s age, condition, and additional features.

In conclusion , the cost of yachts can vary greatly depending on various factors such as size, style, age, and amenities. Small yachts range from around $15,000 for used sailing yachts to multimillion-dollar superyachts. Meanwhile, medium-sized yachts fall within the price range of approximately $250,000 to over $4 million. Luxury yachts and superyachts, on the other hand, can cost several million to hundreds of millions of dollars.

It’s important to note that the expenses associated with yacht ownership go beyond the initial purchase price. Additional costs include marina fees, insurance, maintenance, fuel, and crew salaries. Therefore, when considering buying a yacht, it’s crucial to take into account your budget, desired features, and ongoing expenses to ensure a sustainable ownership experience.

To successfully navigate the yacht market and find the right yacht at the right price, it’s advisable to work with a professional yacht broker. They can help you understand the market dynamics, negotiate favorable terms, and guide you towards making informed decisions. With their expertise and industry knowledge, you can embark on your yacht ownership journey with confidence.

How much do yachts cost?

The cost of yachts can vary significantly depending on factors such as size, style, age, and finish. Yachts can range from small vessels under 40 feet to luxury superyachts over 200 feet in length. The cost of buying a yacht can range from $15,000 for a small used sailing yacht to millions of dollars for a superyacht.

What classifies as a yacht?

A yacht can be either a sailing yacht or a motor-powered yacht . While there is no strict definition based on size, many in the industry consider boats between 40 and 70 feet to be classified as yachts. Yachts larger than 70 feet are often referred to as superyachts, and those over 165 or 200 feet may be called megayachts.

How much does it cost to buy a yacht?

The cost of buying a yacht can vary widely depending on the size, age, and type of yacht. Small used sailing yachts can be purchased for as low as $15,000, while small motor yachts may range from $50,000 to $100,000. Superyachts can cost multiple millions of dollars, while megayachts can reach even higher price ranges.

What are the costs of owning a yacht?

The cost of owning a yacht goes beyond the initial purchase price. Additional expenses include marina fees, insurance, maintenance, fuel, and crew expenses. Marina fees can range from $5,000 for smaller yachts to tens of thousands of dollars for larger yachts. Insurance costs typically amount to around 0.5% of the yacht’s value annually. Maintenance and repairs can add up to approximately 10% of the yacht’s value each year.

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

Small yachts around 25 to 40 feet, often referred to as cabin cruisers, can range in price from $250,000 to over $1 million for new and recent models. Older models may have substantially lower prices. The average price for new and used yachts between 36 to 45 feet in the United States was $238,000 according to the Boats Group Market Index of 2022.

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

Medium-sized yachts between 40 and 70 feet in length can vary in price from around $250,000 to well beyond $4 million, depending on factors such as size, model, finish, engines, and new vs. used. According to the Boats Group Market Index of 2022, the average price of yachts in the 46 to 55 feet range in the United States was $467,899.

How much does a sailing yacht cost?

Sailing yachts come in various sizes, and their prices depend on factors such as size, age, and finish. Prices can range from $5,000 for a small used sailing yacht to several million dollars for larger sailing yachts and superyachts. Smaller, used sailing yachts of 30 to 35 feet may cost around $25,000 for older models and $250,000 or more for new ones.

How much does a luxury yacht or superyacht cost?

Luxury yachts and superyachts can range from several million dollars to over $600 million for the largest sailing yacht in the world. The cost of a superyacht can vary depending on its size, age, brand, amenities, and customization. Used superyachts are generally less expensive than new builds, but even older models may still have significant price tags.

How much does a megayacht cost?

Megayachts, typically ranging from over 165 or 200 feet in length to several hundred feet, can cost tens of millions of dollars or more. The largest megayacht in the world reportedly cost $600 million to build. The cost of owning a megayacht is also significant, with expenses including crew salaries, mooring fees, fuel, insurance, maintenance, and more.

What is the average cost of a yacht?

According to industry data, the average selling price of a yacht in the United States in 2021 was approximately $424,408. The average cost of yachts in specific size ranges varied, with yachts between 46 to 55 feet averaging $424,408 and yachts between 56 to 79 feet averaging $1.18 million.

How much does a small yacht cost?

The cost of a small yacht can vary depending on factors such as size, age, brand, and condition. Small yachts under 40 feet can range from under $400,000 to over $800,000, depending on the year, make, and model.

Source Links

  • https://www.rightboat.com/blog/how-much-is-a-yacht
  • https://www.kten.com/story/46734458/how-much-does-a-yacht-cost-pricing-guide-popular-yachts
  • https://www.unitedyacht.com/Yacht-News/how-much-does-it-cost-to-buy-a-yacht

Nicholas Finn

I've been the captain of a fishing boat for over 20 years, and I created Pirateering to share my knowledge of and interest in seafaring.

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The Real Costs of Owning a Superyacht [Complete Guide]

The Real Costs of Owning a Superyacht [Complete Guide]

November 25, 2019 1:00 pm

Owning a  superyacht  is a status symbol available only to the world’s wealthiest individuals and corporations. Although there is no strict definition, the Red Ensign Group Yacht Code is applicable to “motor or sailing vessels of 24 meters in load line length and over…and which, at the time, is in commercial use for sport or pleasure and carries no cargo and no more than 12 passengers 1 .” There are currently just over 10,000 superyachts in the world with around 200-250 new builds delivered each year. The vast majority are  motor yachts , with sailing yachts counting for less than 20% of the total. The world’s largest private vessel, Khalifa bin Zayed Al Nahyan’s 180m (590-foot) AZZAM,  cost $600 million to build when it was delivered in 2013. Eight of the ten most expensive luxury acquisitions of all time were superyachts.

cost of a luxury yacht

Purchase Cost

Buying a new or used superyacht will most likely cost the buyer several million dollars. Pricing varies widely based on the yacht size, age, and other factors such as builder, guest capacity, speed, range, and more. The market is worldwide and extensive. Any potential buyer would be well-advised to engage a professional, certified broker to guide them in the selection of their dream yacht and through the myriad of complications in making the purchase.

  • • Financing the Purchase
  • • Immediate Post Purchase Costs

cost of a luxury yacht

Operating Costs

In years past, owners and their brokers would work on 10% of the purchase price as an estimate of annual operating costs, but the vast range of yacht size, operating location, and usage profile makes this approach less useful without giving the question more thought. Building a budget for a yacht requires consideration of the following elements:

Crew – Salary, payroll taxes, recruitment fees, uniform, health insurance, food, and travel for vacation and repatriation are all crew-related costs. A good guide for salary costs is published by Dockwalk magazine every year based on an extensive survey of the crew and placement agents. Using their most recent article as a guide, a crew of eight full-time crew on a 150-foot yacht will cost over $650,000 per year in salary alone. Get a complete crew cost breakdown.

Dockage – Unless the owner plans to spend the year at anchor, then keeping the yacht in a marina incurs a significant cost. Dockage is normally sold per foot of the yacht’s full length and per night, although contract rates for longer periods may be available. High-quality marinas in peak seasons are currently running in the $6-8 per foot per night range. Electricity, fresh water, and waste removal are all additional costs to be considered.

Fuel – The captain or engineer should be able to provide the fuel consumption per hour at any given speed, so if a yacht owner knows roughly how much he wants the boat to travel, then he can estimate the total fuel consumption and budget the fuel cost. There is also the fuel cost for generators, particularly at anchor. A typical 150-foot motor yacht cruising at 12 knots will consume in the region of 150 U.S. gallons per hour. At today’s fuel prices, that’s going to be close to $500 per hour. 500 hours per year will give us the main engine fuel budget of around $250,000. To this, we must also add the generators’ fuel consumption at anchor plus any additional cost for tenders.

Communications – Everyone onboard, crew and guests, want to remain connected to their social media, streaming services, and email. The technology available in this area moves fast and with 5G coming online, near-shore costs will likely come down. For those who want broadband speed while offshore, costs are high and depend on the upload/download speeds required. Start with an estimate of $4-5,000 per month and work from there. Additional communications costs include satellite TV subscriptions, crew cell phone costs, mail, freight, and more. Get a complete communication cost breakdown.

Maintenance, Consumables, and Other Operating Costs – Having considered crew payroll, marina costs, fuel, and internet, the budget will start to materialize. One must take all other costs into account, such as hull insurance, liability insurance, maintenance and consumables, warehousing, safety and survey costs, upkeep of the navigation outfit, computing support, car rental, and more.   

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cost of a luxury yacht

This should not be considered a financial guide. For a more accurate estimate, contact Clive McCartney .

1 Red Ensign Group Yacht Code Section A 1.2(1) 

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cost of a luxury yacht

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

cost of a luxury yacht

  • 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

cost of a luxury yacht

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

cost of a luxury yacht

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

cost of a luxury yacht

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

cost of a luxury yacht

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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cost of a luxury yacht

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.

The average price of a yacht in the UK

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 is a small yacht?

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.

How much does a super yacht cost?

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?

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.

cost of a luxury yacht

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

cost of a luxury yacht

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How much does it cost to charter a yacht?

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

charter cost explained banner

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

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

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

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

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

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

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

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

charter cost comparison chart

Average Yacht Charter Cost: Base Prices

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

Factors that Affect Yacht Charter Prices

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

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

Additional Costs Considerations on Yacht Charter

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

Advanced Provisioning Allowance

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

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

Taxes and Value Added Tax (VAT)

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

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

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

Crew Gratuity

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

Delivery Fees

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

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

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Chakra Profile

282.2ft / 84m

More info

278.1ft / 83m

titania main

239.6ft / 71m

Yacht Serenity 236

Serenity 236

236.3ft / 70m

Additional Charter Cost FAQs

What are standard private charter yacht prices?

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

What affects charter yacht prices?

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

How much does it cost for a crewed vessel?

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

What’s included in all-inclusive boat charters?

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

What are some additional charter boat costs to consider?

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

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

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

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

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

When is the high season for yacht charters?

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

How does my destination affect charter yacht cost?

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

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

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

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Yacht Charter Costs Explained

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A comprehensive breakdown of your charter costs and fees.

When you begin planning a luxury yacht charter it is important to be aware of what is included in the cost of booking your dream charter yacht. although a yacht will have a base charter fee, this may or may not include additional expenses such as food and fuel and this is subject to the terms and conditions within the charter contract. there are various types of charter contracts and which one applies to you will depend on where you wish to cruise., high season.

High season refers to the most popular weeks of the year for yacht charter, whether it’s the winter period in the Caribbean or the height of summer in the Mediterranean , booking in high season requires early planning, determination and a big budget. In addition, planning a yacht charter to coincide with a major event will also be reflected in the price with marine spots for elite events often booking up early. Allow plenty of time when making enquiries to ensure a star studded, well prepared arrival.

Low season typically refers to any time outside of the high season periods. Groups of families and friends looking for a relaxing luxury vacation are advised to avoid high season weeks and opt for weeks outside of this time. The busiest periods are of course reflected in the charter costs and can be up to 15 to 30 percent more expensive than typical low season periods. Chartering a few weeks either side of these busy periods can be almost exactly the same, with the weather almost unchanged in some places, with far less crowds.

Take to our detailed destination guides and browse the yachts available in your chosen destination. Some of the most successful superyachts in the industry can be reserved up to a year in advance and as most yacht brokers will warn away from last minute bookings, it is better to book early and have the pick of the bunch rather than miss out at the last moment. Browse the Events section for details on upcoming festivals and sporting events or visit our Finding a Yacht Broker page to begin your planning your luxury yacht charter.

This article will go into detail of the costs to be expected when planning and booking a yacht charter. From the base charter fee of a yacht, what is covered within the fee and how it may vary in addition to details of contracts and how an Advance Provisioning Allowance (APA) can be used to manage any expenses.

Base Charter Fee

The base charter fee in essence refers to the hire cost of the yacht itself, with all equipment in working order in addition to the cost of food and wages for the crew during the entirety of the charter. This is essentially all the base charter fee covers with additional expenses often applicable on top. The base charter fee will vary from one yacht to another and this may be down to any number of reasons from size and on board amenities to the charter season. For instance, the base rate of a charter yacht may increase in "high season" and reduce during the "low season". "High season" and "low season" refers to the busiest and slowest periods for yacht charters though this may appear misleading, as these peak times refer to periods of weeks as opposed to full seasons. In addition, you may find that a yacht is also more expensive during special events such as the Monaco Grand Prix, Cannes Film Festival and America's Cup. Unless you are keen to charter a yacht for a particular "high season" event, choose your dates carefully as although a "high season" rate will be more expensive than the "low season" the two can sometimes share much of the same weather conditions.

Aside from seasons and events, yachts of the same size may also differ in price and this may be down to a vast difference in on board amenities. A yacht which boasts an on board cinema or lavish water toys may have a higher base rate compared with a yacht of minimal amenities of the same size. If it is unclear as to why two yachts of the same size are vastly different in price, ask your yacht broker to explain what the differences are. Once you are clear on what the base price is and why, it is important to discover what costs will be applicable on top and this is dependent on the type of charter contract used.

The type of charter contract applicable to your charter will depend on where in the world you are cruising, as there are various terms within the industry which dictate how the payment structure is determined. For instance, a MYBA (Worldwide Yachting Association, formerly known as Mediterranean Yacht Brokers Association) contract operates under Western Mediterranean Terms (WMT) and is arguably the most commonly used, particularly with large yachts embarking on a Mediterranean yacht charter. This contract is often referred to as a "plus all expenses" contract and requires that the charterer pay for fuel, food, beverages and dockage fees as an additional expense outside of the base charter fee. Typically, guests can accumulate an additional 25% to 50% of the base charter fee though this is dependent on what is consumed. These expenses can be tracked through the use of an Advance Provisioning Allowance (APA) which we will cover in the next section.

Alternatively, smaller yachts on a Caribbean yacht charter can expect a "mostly all-inclusive" contract known as Caribbean Terms Inclusive (CTI) sometimes referred to as Standard Caribbean Terms (SCT). The Standard Caribbean Terms greatly differ from Western Mediterranean Terms, as the Caribbean terms include three meals a day in addition to four hours cruising per day which is included in the base charter fee.

In addition to the commonly used MYBA terms and Standard Caribbean Terms, there are also less frequently used terms such as Standard Eastern Mediterranean Terms (SEMT) and Greek Terms (GI). Read our guide on Understanding Charter Contracts for more information and if you are unsure as to what is included under the terms of your contract, be sure to ask your broker.

Advance Provisioning Allowance (commonly referred to as APA)

Irrespective of the charter contract it is important for guests to be aware of the Advance Provisioning Allowance (APA). The APA was designed to enable charterers to manage their expenses through a clear and trackable arrangement. An APA is a way to deposit the estimated expense amount of your charter to cover costs such as fuel, food and dockage fees. Typically, the APA accrues to approximately 25% to 30% of the base charter fee, though this does of course depend on the charter parties tastes and requirements and could be far less or far greater than this estimation. For instance, charter guests who intend to regularly dine on caviar and vintage wine can expect to pay more, whereas guests on board a sailing yacht charter can expect to save on fuel costs. Charterers can request an estimated APA amount from the yacht broker based on their on board expectations.

The APA is to be paid approximately one month prior to boarding the charter yacht and is paid directly to the Captain of the yacht. Once the APA has been paid to the captain it will then be retained as a bank account of sorts, from which the captain can make expenditures whilst keeping a record of what has been spent. At any point during the yacht charter guests can request a rundown of accounts from the captain as a way of keeping track of expenditures. The captain will request that any additional funds are paid during the charter should guests exceed the APA. It is therefore a good idea to keep an additional account with your yacht broker on shore, as should the APA become critically low at any time the yacht broker can release additional funds to the captain on the charterers command. Cash can be used if necessary though an on shore account may be deemed as hassle free to some.

It is important to remember that food and fuel for example, are charged at cost without mark up to the charterer and upon disembarking, transactions can be reviewed by the "head" charterer and Captain with any remaining funds to be paid back to the charterer.

Fuel and Dockage Fees

It is important to remember that whilst considering fuel costs, the fuel consumed when using jet-skis and tenders will also apply to the charterer. In addition, whilst docked at a marina the generators used in order to produce electricity will also use fuel. The distance travelled and speed of cruising also affects fuel costs and it is important to bear these factors in mind. Dockage fees may vary from very little to large sums and this is dependent again upon the location and whether you wish to dock during a special event such as the Monaco Grand Prix.

Although insurance costs are not directly connected to the charter costs as such, it is useful to bear in mind should you with to take out Charterers Liability Insurance or Cancellation and Curtailment cover. You can read more information regarding insurance in our How to Book and Plan a Yacht Charter article.

Value Added Tax (VAT)

European Union (EU) tax laws state VAT will apply should you disembark within their waters, for example Italian territorial waters. This may also apply to some Caribbean islands. Commercially registered vessels are usually VAT exempt though vessels which are not commercially registered will be liable for VAT for all charters within the EU.

No request is too large or detail too small on a yacht charter though it is wise to keep in mind the shipping costs should you request an expensive bottle of champagne to be transported to you whilst you are residing in a secluded bay of the Caribbean. It is important to understand the entire payment structure to ensure no unpleasant surprises arise and it is often prudent to keep an escrow account with your broker on shore in order to control charter costs without having to carry cash on board.

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Featured Luxury Yachts for Charter

This is a small selection of the global luxury yacht charter fleet, with 3570 motor yachts, sail yachts, explorer yachts and catamarans to choose from including superyachts and megayachts, the world is your oyster. Why search for your ideal yacht charter vacation anywhere else?

Flying Fox yacht charter

446ft | Lurssen

from $4,342,000 p/week ♦︎

Ahpo yacht charter

378ft | Lurssen

from $2,823,000 p/week ♦︎

O'Ptasia yacht charter

279ft | Golden Yachts

from $977,000 p/week ♦︎

Project X yacht charter

289ft | Golden Yachts

from $1,194,000 p/week ♦︎

Savannah yacht charter

274ft | Feadship

from $1,085,000 p/week ♦︎

Lady S yacht charter

305ft | Feadship

from $1,520,000 p/week ♦︎

Maltese Falcon yacht charter

Maltese Falcon

289ft | Perini Navi

from $490,000 p/week

Kismet yacht charter

400ft | Lurssen

from $3,000,000 p/week

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Luxury Yacht Charter Costs Explained

The excellent news about yacht chartering is that there is a yacht for nearly every...

The excellent news about yacht chartering is that there is a yacht for nearly every group. A luxury yacht charter can cost anywhere from $15,000 to well over $450,000.

The fee usually depends on where you would like to travel. You also have to consider how many people will be going and the level of service you would like.

Choosing a private yacht charter is ideal for a holiday that blends privacy with exclusive destinations.

Luxury motor yacht Antares

What Affects a Luxury Yacht Charter Cost?

Private owners own charter yachts and set the charter fee. Several factors can determine the overall charter costs. We’ve outlined them in the following sections below.

You can charter different yachts, from smaller sailing catamarans to mega yachts.

Determine the cost by considering factors such as the year the boat’s built and the builders. Owners of the boast and the array of water toys it contains also add to the consideration. Some famous yachts, such as SIROCCO, are in demand because of their reputation.

Are you interested in the differences between yacht types? Please see our Boat Comparison for help.

A larger yacht that can accommodate a larger group of people may cost more than a smaller yacht. Additionally, specific amenities, such as onboard entertainment, may add to the cost of the charter.

Different types of yachts come with different amenities and capabilities. In particular, motor yachts are generally more expensive than sailing yachts. This is due to their larger size and higher fuel consumption.

luxury yacht charter costs, Power catamaran Frenchwest

The Type of Charter Rate

  • Inclusive Charter Rates:- Inclusive crewed yacht charters rely on the number of guests. Inclusive rates include all food, beverages, water sports, and fuel expenses. Additional fees usually include taxes and dockage, and Non-standard beverages, specialty foods, and excursions are additional.
  • Plus Expenses Rates – The Charter Fee for charters that are plus-expenses is the base price for the yacht. Other expenses, such as food, alcohol, taxes, dockage, port fees, etc., are additional.
  • In this case, pay the Advance Provisioning Allowance (APA) before the charter.
  • It is usually about 25-40% of the charter price. For more, please see our First Time Yacht Charter Guide.

No matter what rate you have, it is essential to understand all the costs involved with your charter. We will ensure you understand all the services included in your charter fee.

luxury yacht charter costs

The Season You Travel

Yachts charter in different places depending on the season. There is a high season and a low season in each destination. Prices are usually higher in the Mediterranean’s summer or the Caribbean’s winter. Then, the price decreases in the winter in the Mediterranean and the summer in the Caribbean.

There are also peak weeks or periods over the winter and summer holidays.

Inside tip: travel during the shoulder seasons of Fall and Spring for more yacht availability and sometimes even lower rates. The smaller crowds also add to the appeal. To stay on top of the latest yacht specials, head to our Specials page or join our Newsletter.

Anguilla Caribbean Power Catamarans destination

The Length of the Trip

If you want to cruise to distant destinations or extend your usual trip, anticipate a higher charter cost. The average length of a charter is seven or fourteen days. However, it is possible to extend a cruise at an additional cost.

The Yacht Charter Destination can Determine the Yacht Charter Fees.

The supply and demand for yachts in crucial travel destinations also affect the cost. The price will be higher if you choose a less crowded and more remote destination, like the Galapagos.

GALAPAGOS SEA STAR JOURNEY is one example of a yacht available in the Galapagos. Remote, atypical luxury yacht charters may carry a higher price tag. However, they are a tremendous item on the bucket list to strive for!

The cost can often be more competitive if you want to head to a more heavily chartered area. These areas include Croatia, the Bahamas, and the Virgin Islands.

Catamarans PARADIGM SHIFT and ENDLESS HORIZON can give you an idea of what is available in these areas. Likewise, motor yachts PRIME TIME and The Peddler can provide the needed costs.

There are no right or wrong answers when choosing a charter destination. It depends on what type of activities and experience you are looking for.

The best part of yacht charters is that you can visit different places every vacation. Many locations have a variety of great sites that are impossible to tour in just a week.

A CKIM broker will help identify the type of itinerary that is right for you when planning your charter.

Split Harbor in Croatia

Additional Luxury Yacht Charter Costs to Consider

Other factors to consider when determining how much your luxury yacht charter will cost are:

  • Advance Provisioning Allowance, APA. The prepaid downpayment for operating expenses.
  • The Value Added Tax for the country and other Taxes.
  • Crew Gratuities
  • Scuba Diving, other activities, or shore excursions
  • Onshore Dining
  • Trip Insurance
  • Charterer’s Liability Insurance
  • Cost of traveling to the departure port
  • Any hotel stays before or after the charter
  • Docking Fees. These fees may be several hundred to several thousand dollars per night in places like Capri and Sardinia.
  • Delivery Fees: If the yacht needs to move from one destination to another, there are additional fees. Depending on the distance, these fees can range from several hundred dollars to thousands of dollars. The cost of relocating the yacht typically depends on the number of sailing hours required to reach the destination. Also, additional costs such as fuel and other related expenses should be considered.

Check out our frequently asked questions for more information about what to expect when chartering a yacht. Feel free to chat with us on-site or leave a message for us.

Ideas for Saving on Your Luxury Yacht Charter Costs!

Luxury yacht charter costs at special rates.

Sometimes, there are special offers during the off-season or if there is a last-minute cancellation. Our Greece Motor Yacht Specials , for example, offer a wide range of discounted yachts available for charter in the Greek Islands.

Flexible Destination

You can also save money by being flexible about the destination for your charter. When booking a yacht in a less popular area, expect to pay less than in a well-known destination.

Flexible Travel Dates

Similarly, booking during the off-season will likely be less expensive than during peak times. An additional benefit of traveling during the off-season is fewer crowds. Fewer crowds mean you will be able to enjoy the real atmosphere of a place. These dates allow you to have more opportunities to interact with the locals, and, overall, have a more relaxed trip.

Travel Insurance

Don’t forget to include travel insurance for your vacation and travel securely. Travel insurance can cover the cost of unexpected medical emergencies, trip cancellations, lost or damaged luggage, and other unforeseen expenses.

Always prepare for your trip with travel insurance . Our yacht charter brokers can explain more about this. It’s an optional and recommended expense for your luxury yacht charter costs.

There’s a Yacht for You – Inquire

Whatever your parameters, the team at CKIM Group can help you find the right yacht for your vacation. We will also work with you to help craft the perfect trip to suit you and your guests. Whether you love lazing on a secluded, sandy white beach in the Exuma Islands, we can make it happen!

Call to speak to a charter specialist today.

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TechBullion

TechBullion

 a guide to investing in the right luxury yacht.

cost of a luxury yacht

Investing in a luxury yacht is not just a financial decision; it’s a lifestyle choice. For those who dream of cruising the open waters in style and comfort, owning a yacht is the epitome of luxury. 

However, with so many options available, finding the right luxury yachts for sale can be a daunting task. In this guide, we’ll explore the essential factors to consider when investing in a luxury yacht to ensure you make the right choice.

Define Your Purpose

Before diving into the world of yacht shopping, defining your purpose is crucial. Are you looking for a yacht for weekend getaways with family and friends, or do you plan to live abroad for extended periods? Understanding your intended use will help narrow down your options and ensure you select a yacht that meets your specific needs.

Set a Realistic Budget

Luxury yachts come with a hefty price tag, so it’s essential to set a realistic budget before beginning your search. Consider not only the initial purchase price but also ongoing maintenance, mooring fees, insurance, and crew costs. Factor in additional expenses, such as customisation or upgrades, to ensure you can afford the total cost of yacht ownership.

Research Yacht Types and Brands

Yachts come in various sizes, styles, and configurations, each catering to different preferences and lifestyles. Research different yacht types, such as motor yachts, sailing yachts, and expedition yachts, to determine which best suits your needs. Additionally, explore reputable yacht brands known for quality craftsmanship, reliability, and resale value.

Consider Features and Amenities

When investing in a luxury yacht, consider the features and amenities that are important to you. Do you prioritise spacious living areas, state-of-the-art entertainment systems, or a gourmet galley? Consider how you envision spending time onboard and choose a yacht with amenities that enhance your cruising experience.

Inspect the Yacht in Person

While online research can provide valuable insights, nothing beats inspecting a yacht in person—schedule visits to multiple yachts to assess their condition, layout, and quality. Pay attention to details such as the craftsmanship of the interior, the condition of the hull and engines, and the functionality of onboard systems.

Seek Professional Advice

Navigating the yacht-buying process can be overwhelming, especially for first-time buyers. Consider seeking advice from experienced yacht brokers, naval architects, or marine surveyors who can provide valuable guidance and assistance throughout the purchasing process. Their expertise can help ensure you make an informed decision and avoid potential pitfalls.

Plan for Maintenance and Upkeep

Owning a luxury yacht requires ongoing maintenance to keep it in top condition—factor in the cost of routine maintenance, repairs, and upgrades when budgeting for your yacht. Additionally, consider whether you’ll need to hire a crew or rely on professional yacht management services to oversee maintenance and operations.

Investing in the right luxury yacht is a significant decision that requires careful consideration and planning. By defining your purpose, setting a realistic budget, researching yacht types and brands, considering features and amenities, inspecting yachts in person, seeking professional advice, and planning for maintenance and upkeep, you can make your dream of yacht ownership a reality. With the right approach, you’ll be cruising the open waters in style and luxury in no time.

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8 of the Most Luxurious Yacht Charters in Thailand

T hailand is one of the best yacht charter destinations in the world. If you’re looking to experience a yachting vacation in Southeast Asia, consider booking these luxury yacht charters in Thailand with some of the best boats available for rent.

With over 1,000 remote islands and crystal clear waters filled with vibrant marine life, Thailand is one of the top charter destinations in the world. While the traditional yachting crowd might still be going on Caribbean yacht charters for their fix of winter sun, Thailand is slowly becoming a popular alternative cruising destination for luxury private yacht charters and scuba diving charters.

Whether you’re looking for a casual bareboat charter or want the most luxurious superyacht experience money can buy, there are plenty of vessels available to rent privately from Thailand’s main yachting hubs such as Pattaya or Phuket. Take a look at some of the dreamiest luxury yacht charters available for cruising in Thai waters now.

Set sail with the best luxury yacht charters in Thailand

1. mes amis.

Delivered in 2007 by New Zealand’s Fitzroy Yachts, Mes Amis is a sailing sloop with a modern design by Ed Dubois. Guests can enjoy the warm waters of Thailand thanks to a toybox carrying the likes of kayaks, wakeboards and SUPs, before soaking up the sunshine in her ample outdoor spaces including a fold-down swim platform. A covered al fresco dining area is perfect for staying out of direct sun while still enjoying stunning views.

Capacity: 10 guests & 6 crew

Cost: USD 125,000 per week

How to rent: Cecil Wright brokerage, cecilwright.com

2. Navis One

Navis One offers charter itineraries in beautiful locations around Thailand, from the Similan Islands and Phuket to Koh Phi Phi, Phang Nga, Koh Lanta, Krabi and Tarutao National Park, all the way down to the Malaysian island of Langkawi. Guests will be able to explore all of these breathtaking destinations to the full, thanks to Navis One’s helipad and impressive toybox carrying Jet Skis and SeaBobs as well as fishing gear and scuba diving kit . Built by Soraya Yachts in 2018, this modern superyacht is designed with elegant indoor and outdoor entertaining spaces, including a top deck Jacuzzi tub.

Size: 46.5m

Capacity: 12 guests & 10 crew

Cost: USD 200,000 p/w

Charter agent: Northrop & Johnson brokerage, northropandjohnson.com

Bilgin Yachts’ Mia Kai is instantly recognisable at sea thanks to her glamorous, champagne-hued hull. She is equally eye-catching indoors, with her air-conditioned interiors finished in elegant, traditional wood panelling. But the best views are enjoyed from the sun-protected top deck, complete with an al fresco dining space and a hot tub. A toybox carrying gear for fishing, diving, waterskiing and wakeboarding as well as Jet Skis and a banana boat will ensure all guests are entertained while on board.

Size: 29.5m

Capacity: 8 guests & 8 crew

Cost: From 58,700 USD to 71,700 USD + VAT

Charter agent: Mia Kai is independently chartered. Visit www.mymiakai.com .

4. Guillemot

Sleek sailing sloop Guillemot was delivered by Dutch shipyard Vitters in 2004. Her most recent refit was in 2021 and saw her interiors totally redesigned and refreshed for charter guests’ benefit. An on-board highlight is the split-level master cabin, featuring a private study and walk-in wardrobe. Above deck, she is well equipped for warm-weather cruising thanks to a dedicated swim platform and an expansive fleet of water toys – including scuba diving gear.

Capacity: 10 guests & 7 crew

Charter agent: Camper & Nicholsons brokerage, camperandnicholsons.com

Launched in 1999, Xanadu’s classic style interiors were last refitted in 2019 to ensure she has all the modern amenities to please today’s charter guests. This includes a toybox carrying all the latest gadgets from Jet Skis, SUPs and kayaks to gear for diving , snorkelling and fishing. Xanadu’s standout feature is the flybridge, complete with a barbecue grill, sun pads and al fresco dining space for outdoor entertaining, while a unique element is the skylight in the master cabin that allows guests to stargaze as they fall asleep. The cosmopolitan crew, complete with a Thai chef who can serve local dishes , will help fully immerse guests in their charter experience in Thailand.

Capacity: 8 guests & 6 crew

Cost: EUR 70,000 per week + expenses

Charter agent: Simpson Marine, simpsonmarine.com

Azul V is one of the biggest boats available to charter in Thailand and indeed all of Southeast Asia. The 48.3 metre CRN motor yacht first hit the water in 1996, but underwent an extensive refit in 2015 which earned her a World Superyacht Award. Her classic-style, air-conditioned interiors are paired with a standout sun deck boasting a hot tub with a swim up bar. Other on-board highlights include a gym for waterside workouts and a well-stocked toy box for water sports.

Size: 48.3m

Capacity: 12 guests & 11 crew

Cost: 180,000 USD + 25% APA

Charter agent: Asia Yacht Agency, azul-v.com

7. Maritimus

Maritimus is a nifty 23.77 metre Princess motor yacht delivered in 2012. Her compact size makes her ideal for smaller groups wanting to discovering hidden coves and anchorages inaccessible to bigger vessels, and allows her to explore further thanks to an impressive top speed of 32 knots. Maritimus’ on-board spaces were last refitted in 2021 and are equipped for indoor or outdoor entertaining, complete with a top deck cocktail bar . The submersible swimming platform meanwhile enables easy access to warm Thai waters for swimming, fishing or paddle boarding.

Size: 23.77 metres

Capacity: 8 guests & 3 crew

Cost: THB 300 -350,000 + VAT per day

Charter agent: Contact Boat Lagoon Yachting, boatlagoonyachting.com

8. Camara C

First launched by British builder Yarrow & Co in 1961, Camara C is a prime example of a classic “gentleman’s yacht”. The charm of her traditional canoe-hull design and wood-panelled interiors are complemented with up-to-date amenities thanks to her refit completed in 2022. Guests have a fleet of water toys to choose from during their charter, including fishing gear to catch your own dinner and enjoy a fresh al fresco meal on the stunning sundeck. With tropical-grade air conditioning, a steel hull and a cruising range of over 4,000 nautical miles, Camara C is the perfect vessel for discovering the Thai islands in old-school style.

Size: 32 metres

Capacity: 12 guests & 6 crew

Cost: EUR 60-70,000 per week + expenses

Charter agent: Contact Fraser brokerage, fraseryachts.com

Frequently Asked Questions (FAQs)

– How much does it cost to rent a private yacht in Thailand?

Costs vary greatly depending on the type and size of vessel and the location and length of the charter. A private yacht charter in Thailand can cost anywhere from USD 1,400 a day to over USD 100,000 a week.

– How much does it cost to rent a yacht for a day in Thailand?

Charter rates for renting a private yacht for a day in Thailand can range from USD 1,000 a day to over USD 100,000 a day.

(Main image: Mia Kai; Featured image: Mes Amis/ Christopher Scholey)

The post 8 of the Most Luxurious Yacht Charters in Thailand appeared first on Prestige Online - Thailand .

8 of the Most Luxurious Yacht Charters in Thailand

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