Travelers dreaming of owning a superyacht may be able to make their dreams come true at a much lower price.
Residential yachts, as they are called, are essentially sea apartment buildings. Buyers buy an apartment on a huge yacht rather than owning and operating their own small boat.
When most apartments are sold, the yacht acts like a luxury cruise line and travels around the world with onboard staff and access to restaurants, spas, wine cellars and gyms.
One residential yacht is Somnio, A 728-foot-long superyacht currently built by the Norwegian shipbuilder Vard. Completed in 2024, it will be the largest yacht in the world, according to Vard’s website.
Somnio has 39 apartments, priced at € 9.5 million ($ 11 million), said Somnio co-founder and captain Erik Bredhe. The price depends on the size and location of the apartment, he said, the more units there are, the higher the cost.
$ 11 million is enough to buy a private yacht, but you can’t get close to the cost of a superyacht.
Yacht influencer Denis Suka — known to more than 550,000 Instagram followers as “The Yacht Mogul” — told CNBC that he was helping design a 295-foot superyacht called Mogul.
When completed, he said, a single purchaser would cost about $ 150 million.
Somnio is more than twice as long as Mogul.
Apartment vs. private yacht
According to Bredhe, complete privacy is not always what every yacht buyer wants. He said the main selling point of residential yachts is the ability to “mix with like-minded community members.”
“The only biggest factor is the intimate community that shares a truly global itinerary,” he told CNBC, “The beauty of owning your own apartment is the maintenance and planning that accompanies your apartment. Don’t worry. Your yacht. “
According to Somnio, the yacht staff will be responsible for maintenance, repairs, fuel and food supply, and coastal tours.According to the company’s website, residents can also recommend destinations, but staff also plan travel routes...
Somnio’s entry-level apartment (showing rendering) sells for $ 11 million in 1,960 square feet of space.
Somnio | Winch Design
However, these are not free. Buyers are required to pay an annual fee that covers costs associated with maintenance, fuel, meals and personal services, Bredhe said. However, he said that Somnio has a “tip-free policy” that can range from 15% to 20% of yacht charter costs.
Ownership of the boat is invitation-only, Brede said. Some buyers approached the company directly, while others came from personal recommendations, he added.
Quite an asset?
Unlike most boats, residential yacht apartments can increase in value over time, Brede said.
This also applies to another residential yacht named The World, launched in 2002.
“Since the launch of the ship, the value of all residential types has increased significantly, driven by demand from future buyers around the world,” a company representative told CNBC.
World Yacht has 165 private apartments, some of which are currently for sale.
However, if the owner is not on board, families and guests can use the apartment, but the owner cannot rent an apartment to make money, Bredhe said.
At 644 feet For a long time, there are more than four times as many apartments in the world as Somnio.
A representative of the company said CNBC has studios and 1-3 bedroom apartments ranging from $ 2 million to $ 15 million, some of which are currently on sale.
“When we saw the world sail to Rio de Janeiro and learned of its unique concept, we knew we needed to be part of it,” he said, remaining anonymous to protect his privacy. The current resident who asked to be there said.
The resident has lived on a yacht for four years, during which he explored Madagascar, Indonesia and the Mediterranean, he told CNBC.
Residential superyacht, The World.
“We have both summer and winter wardrobes, so we like the carefree nature of being able to go to our homes around the world whenever we want and just have to bring our baggage. “He said.
He said, “Our friends who have private yachts seem to have problems with either staff or mechanical problems and seem to spoil some of their enjoyment”, so buying a private yacht Said he had never considered.
Since its launch, the world has traveled to places such as Greenland, the British Isles, and the “White Continent” — Antarctica.
Another superyacht — 948 feet long Njord — is expected to be completed by 2025. We also plan to sell the apartment on board to buyers who want the thrill of a sea trip without liability for yacht ownership.
The cost of buying a yacht and an apartment on a superyacht like Somnio
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