150 yacht cost

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• Capital Repairs & Reserves
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Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.

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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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Used Yachts For Sale From 101 To 130 Feet

Listed below are yachts for sale worldwide from 101 to 130 feet. Use the search tools to narrow your exploration. SYS Yacht Sales offers a wide range of used yachts for sale, including explorer yachts, luxury cruisers, motor yachts, trawlers, pilothouse yachts, sailing yachts and everything in between. Search top brands like Westport, Hargrave, Princess, Ferretti, Horizon, Sunseeker, Benetti and much more. Need assistance? Contact our experienced yacht brokers. We look forward to helping you find the yacht that's right for you.

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X130 triplex.

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BARQUENTINE three mast barquentine

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Trident 127

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Style, stability, strength and luxury combine effortlessly into one sophisticated package with the Horizon EP150. With exterior design and styling by J.C. Espinosa and the Horizon design team, the EP150 features BV Ice Classification, a bulbous bow and an optimized hull for superior stability and expedition yacht performance.

With the EP150’s steel hull and aluminum superstructure, a grand interior accommodates guests in luxurious comfort, fitted from stem to stern with innovative equipment and amenities befitting a true superyacht. This is a yacht for the explorer who demands perfection and intends to live life to the fullest.

Specifications

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**Optional items may be shown in the layout that are not included in the base price**

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FOUR JACKS Yacht for Sale

FOUR JACKS Yacht for Sale - 150′ Palmer Johnson

This Palmer Johnson 150 stands out as a highly accomplished, contemporary fast yacht. Designed by Nuvolari Lenard, it offers an interior with five staterooms, boasting the sought-after layout of an on-deck Owner’s stateroom, along with four staterooms below and ample crew accommodations. This one-Owner yacht has consistently been maintained in immaculate condition under the care of a professional crew. Equipped with Gyro stabilizers for at-anchor stability and regular stabilizers for underway, FOUR JACKS ensures exceptional comfort across all sea conditions.

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FOUR JACKS represents an incredible opportunity to purchase an extremely well-maintained 150’ Sport Yacht designed by Nuvolari Lenard and built by the renowned Palmer Johnson yard in 2008. The large interior easily accommodates up to 12 guests in 5 ensuite staterooms, including an on-deck master featuring a walkthrough closet and his & her bathrooms. Crew accommodations for up to 8 in 5 staterooms with a large sitting area/dinette adjacent to the lower galley.

Retrofitted with 3 Seakeeper 35 gyros for at-rest stabilization, as well as traditional ABT Trac stabilizers while underway, she is extremely stable in all sea conditions.

This one-owner yacht has benefited from the absolute best of care from its knowledgeable owner and longstanding crew. With its 15-year Lloyds special survey recently completed as well as an extensive yard period in October 2023, FOUR JACKS is truly ready for its next owner.

Key Features

• Recently completed 15-year special survey

• Kept in perfect condition by original owner

• Light use, only private

• Seakeeper Model 35 gyro stabilizers (X3)

• ABT Trac stabilizers

• Complete new fire suppression system (Tyco hi-fog) installed Sept 2023

• Exhilarating performance with a top speed of 28kts

• Garage-kept 19’ Novurania, two Sea Doos and two Sea Bobs

• Incredible entertaining spaces spread over two decks

Walkthrough

Starting on the aft deck which features forward-facing u-shaped seating along with three swivel/rocking chairs surrounding a very elaborate, custom teak table. Forward of this is the alfresco dining and a stand-up bar to starboard. Aft of this area is a massive sun pad, an occasional table with chairs, and access port and starboard to the swim platform.

Forward to port is the wide, gradual staircase leading to the flybridge. Aft on this deck are four chaise loungers offering incredible views. Just forward and centerline is the large hot tub. Further forward are two oversized chairs with ottomans. The covered section of this deck features two large couches facing each other and divided by custom teak high-lo tables for casual meals. Forward is a large TV, making this a great social area. To starboard is the gym area with a treadmill, free weights, etc. The wind protects this deck via a sliding glass wall forward and when opened, leads to a wet bar to port, three Gaggenau grills to starboard, and the upper helm stations port and starboard.

Enter the salon from the glass sliding doors aft which open to give a great flow between the salon and aft deck. Two large couches and two occasional chairs form a pleasant gathering spot around the coffee table. To starboard, a large 55” TV is nicely concealed in the wet bar's front facia, which features a sink, refrigerator, and glass-doored wine cooler. There is a game table in this area as well. Forward is the formal dining for 10, with floor-to-ceiling windows port and starboard looking out to large fold-out balconies.

To port is a doorway leading to the stew pantry and crew area. To starboard is the door leading to the entrance foyer, stairs to the lower guest accommodations, and the on-deck master. This stateroom features a large walkthrough closet, king bed, and true his & her heads. The lower guest accommodations offer four ensuite staterooms consisting of two queen bedrooms aft and two twin bedrooms forward which can both convert to kings. There are Pullmans in each of these rooms.

Main Machinery

• 16V4000 MTU diesel engines (x 2) @ 3650hp each

• Engine Hours: Port 6,658; Stbd 6,658 (Jan 2024)

• 6,000-hour service completed

• Borescoped (Oct 2023)

• KiloPak 70kW generators (x 2)

• Generator hours: Port 12,110; Stbd 12,057 (Jan 2024)

• (2,000-hour service completed 7/22)

Steering and Propulsion

• Gearbox ZF gearbox 7550 3.074/1 ratio

Auxiliary Equipment

• Seakeeper model 35 gyro (x 3)

• ABT Bow thruster

• FCI 240 gph watermakers

• Cruise Air (x 3) compressors

• Alfa Laval fuel separator

• Hamann wastewater treatment

• EVAC toilet system

• Boilers 2 x 48 usg (182L)

• Fuel 10,690 USG (40,466 L)

• Lubrication Oil 615 USG (2,328 L)

• Dirty lube Oil 615 USG (2,328 L)

• Fresh Water 1,460 USG (5,527 L)

• Grey Water/Black 456 USG (1,726 L)

Electrical System

• Voltage 520V - 170V

• Frequency 50Hz and 60Hz

• Shore Power Converter A/SEA Power Systems model # AC54V-3 x 2

• 110V Power Converter A/SEA Power Systems model # AC18

• Batteries Start 2 x 24V (8 battery bank)

• Service 1 x 24V (2 battery bank)

• Emergency 1 x 24V (6 battery bank)

Navigation Equipment

• Nobeltec Timezero chart system (x 2)

• Furuno GPS Navigator GP-150

• AIS Magnetic Compass Ritchie

• Furuno FA-150

• Simrad AP50

• Furuno radar (x 2)

• B&G H3000 wind/speed

Communication Equipment

• Inmarsat C Furuno Felcom 15

• SSB Radio Furuno

• VHF 2 x Furuno and 1 x Simrad RS87 (repeater in crew mess)

• VHF Handheld Radio 2 x ICOM

• Printer/Fax Furuno

Audio/Visual Equipment

• TV / Movie Archive LG / Kaleidescape System

• Guest AV System Savant Pro

• Crew AV System Crestron

Galley and Laundry Equipment

• Bush refrigeration custom walk-in

• Wine coolers Frigonautica and Avintage

• Freezer Sub Zero 700TF

• Oven Top Gaggenau / Bottom Miele

• Stove Gaggenau

• Microwave Gaggenau

• Icemaker 2 x Hoshizaki

• Dishwasher 2 x Miele

• Washing Machine 2 x Miele PW 6065 Plus

• Dryers 2 x Miele PT 7135C Plus

Deck Equipment

• Anchors and Chain 2 x Kedge 175KG / chain, 2 x 5/8” diameter, 500’ length

• Tender Cradle Super winch

• Windlass 2 x Maxwell 8000

• Passerelle Sanguinetti Shavari

• Bathing Ladder Sanguinetti Shavari

• Stern Capstans 2 x Maxwell 6000

Safety and Fire Protection

• EPIRB 3 x ACR 406Mhz Global Positioning

• Life Rafts 4 x Viking 12DK + 12 person

• 22 x Stearns adult USCG-approved offshore PFDs

• 26 x immersion suits (4 child, 2 XL, 20 adult)

• Fire Fighting Equipment: 30 x fire extinguishers

• Tyco Hi-Fog system installed Nov 2023

• Fixed NOVEC system for engine room

• 2 x Innotex firefighting suits

• 4 x Drager SCBA tanks

• Ship Alarms Night Watch System

• Bilge and Fire Pumps MP 21865

• Emergency Fire/Bilge pump Yanmar

• Searchlight 2 x ACR

• Security Cameras 7 x Axis Dome camera network, forward and aft FLIR cameras

• Ship Safes Honeywell

Tenders and Toys

• 19’ Novurania – diesel jet

• 2 x SeaDoo RXP255

• 2 x Seabob F5-S

• Dive Compressor Bauer Junior II

Maintenance Highlights

• 15-year Lloyd’s class surveys completed

• Tyco Hi-Fog fire suppressant system added

• Replace Seakeeper 35 gyro

• Bottom painted with antifoul

• Clean running gear

• Hull thickness measurements

• Bearing measurements

• Rudder bump test

• Install new bearings and lip seals on rudders

• Prop dye test

• Replace hull valves

• Removed sea chests

• Paint touch-ups around entire vessel

• All FFE and LSA equipment inspected and recertified

• Galley extraction cleaned

• Laundry vents cleaned

• Laundry freezer repaired

• Jet Skis repaired

• Rescue tender repaired

• Borescope main engines

• Generator rear seal replaced

• All circuit breakers tested

• Tanks opened and cleaned (inspected by Lloyds surveyor)

• Anchors and chains lowered (inspected by Lloyds surveyor)

• Aft deck teak recalked and sanded

• Recalked deck hardware

• 2000-hour service performed on both generators

• Aft capstans removed and serviced

• Replacement of starboard generator end bearing and reconditioning of electrical winding

• Port side engine room ventilation fans rebuilt

• Both shafts pulled, rolled, and dye-pen tested

• Both props pulled, re-conditioned, and dye-pen tested

• Geislinger couplers reconditioned

• Main engine motor mounts replaced

• Transmission mounts replaced.

• Bearings and chock fast mounts replaced

• Four Jacks was targeted prior to haul-out, multiple laser alignments performed, chock-fast hardness tested, and post-work sea trial with vibration analysis completed

• All three main breakers replaced

• Port and starboard Maxwell anchor windless serviced including the removal of the gearboxes

• Bow thruster serviced

• Complete rebuild of passarelle, swim ladder, and garage cradle hydraulic systems

• 2000-hour Seakeeper gyro stabilizer service performed

• 6000-hour service performed on MTU main engines

• Replacement or servicing and hydro-testing of all through-hull valves

• Replacement of port generator end bearing and reconditioning of electrical winding

• Top-end service on both generators

• Engine room dampeners replaced

• Starboard side engine room ventilation fans rebuilt

• Replacement of both radar magnetrons, gearboxes, and transceivers

• Entire HVAC ducting system including all air handlers cleaned and disinfected

A detailed exclusion list will be provided pursuant to contract.

*The name FOUR JACKS is reserved*

The company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change or withdrawal without notice.

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This New 150-Foot Catamaran Has Hydraulic Fold-Out Terraces for Sunbathing and Lounging

The lavish multihull also has a giant swimming pool across the bow., rachel cormack.

Digital Editor

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ISA Yachts line of catamarans just got a little bigger—in more ways than one.

The Italian builder, which is helmed by the Palumbo Group, has just unveiled a new power cat called simply the Zeffiro 150 . The sizable 150-footer, which is the successor to the Zeffiro 130 , marks ISA’s largest multihull to date. What’s more, the vessel is equipped with fold-down terraces to make itself even bigger still.

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With a beam of 47 feet, the cat’s generous living quarters are spread across four separate decks. Berret-Racoupeau Yacht Design penned the contemporary interior that offers space for up to eight seafarers. Spanning roughly 600 square feet, the owner’s suite is located forward on the upper deck and features his and her bathrooms, walk-in wardrobes, a lounge and office. It also opens onto a private aft deck terrace that comes complete with an outdoor cinema and spa.

The power cat sports a swimming pool at the bow.  Mark Lloyd/ISA Yachts

Elsewhere, there are two VIP suites and a twin cabin on the lower deck, along with the crew quarters. The main deck, meanwhile, offers an open-plan main saloon and a family room with a cinema, games table and bar. Naturally, there is also plenty of deck space outdoors for alfresco entertaining. The 2,163-square-foot aft deck, for example, comes fitted with a lounge, bar and dining table for 10.

The real pièce de résistance, though, is the expanding beach club aft. It features two hydraulic platforms that open to create a bar and lounge on one side and a dive store on the other. It also sports a swim platform for direct access to the ocean. Another standout is the swimming pool that occupies pride of place across the bow.

As to be expected, the 150-footer offers plenty of storage, too, including two garages that can store a submarine, a 23-foot tender and a full arsenal of water toys. Details regarding propulsion are still to come.

The Zeffiro 150 is the second power cat ISA has designed in as many years and signals the yard’s interest in this rapidly expanding segment . In addition, ISA has two GT45 motor yachts and a Continental 80 in build for delivery in 2024.

Check out more photos below:

Mark Lloyd/ISA Yachts

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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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.

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

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.   

Looking for more details?

Receive the complete Cost of Yacht Ownership Guide including:

• • Offsetting Expenses With Charter
• • Superyacht Financing
• • Budget Development + More

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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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).

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.

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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282.2ft / 84m

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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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150’ RICHMOND ‘’REVIVE’’

TORRENS LUXURY COLLECTION are proud to present This 150’ Richmond Motor Yacht, Which represents the last and best Richmond yacht ever built with a major list of upgrades and improvements. With rare Full Beam On-Deck Master Suite & 5 guest cabin layout & receiving an approximate USD 2 million-dollar refit in 2019.

In 2019 the second and current owner spent roughly $2m USD making this yacht absolutely perfect. This included a very new interior decor package by industry famous Patrick Knowles Designs. His cross of contemporary decor with a salute to the normal millwork package and style of the yacht as a full is nothing in need of breath taking. Other updates at this point Include this Richmond represents the last and best Richmond yacht ever built with heaps of upgrades and enhancements to her from trials on the previous forms.

Built by Canadian yard Richmond Yachts to ABS class, this tri-deck motor yacht’s exterior styling is by Ward Setzer working in conjunction with the yard and she or he was delivered in 2013. Accommodation is for up to 12 guests in an exceedingly six-cabin layout plus crew quarters for a staff of up to eight people. The guest accommodation is configured as a full-beam second deck main bedroom, VIP suite, three doubles with queen sized beds and a twin cabin, all with full en-suite bathroom facilities.

A custom Pavlik Design Team interior features book-matched mahogany joinery with sapele and pomele inlays throughout. Custom stonework in marble, granite and onyx increase the spotless finish throughout and crown mouldings complement the woodwork. Revive is supplied with all of the same old large yacht options including 80KW Caterpillar generators, Quantum zero-speed

stabilisers and bow thruster, two Sea Recovery 1800 GPD watermakers, Atlas shore power converter and a helipad.

For more information about TORRENS LUXURY COLLECTION, Blogs, Superyacht News, Charters and Events go to torrens.yachts Or contact us on 1300 148 648

TORRENS LUXURY COLLECTION Brokers of the world’s finest assets YACHTS / AVIATION / ESTATES / BUY / SELL / CHARTER / EVENTS Experience the new era in yachting

CLICK HERE TO CONTACT SALES AGENT MITCHELL TORRENS

Yacht specifications.

* Asking Price: $14,900,000 USD * Year Built: 2013 Major Refit 2019 * Builder: Richmond Yachts            * Engines: Twin Caterpillar C32 Acert, 1925 HP Main Engines with ONLY 1750 hours * LOA: 150′ (45.72m) * Beam: 28′ (8.536m) * Max Draft: 7’04” (2.24m) * Hull Material: GRP * Speed: Cruising Speed: 14 knots * Int Designer: Patrick Knowles * Flag: Cayman

Key Features

 * Twin Caterpillar C32 Acert, 1925 HP main engines. * Zero Speed Stabilization. * Range: 3,500 Nautical Miles. * Custom Patrick Knowles interior with nearly $500,000.00 spent on furnishings and decor (2019). * Rare 6 Cabin layout, 12 guests in 6 cabins & 8 crew in 5 cabins. * Classification: American Bureau of Shipping, MCA.

Yatch Description

TORRENS LUXURY COLLECTION are proud to present This 150’ Richmond Motor Yacht , Which represents the last and best Richmond yacht ever built with a major list of upgrades and improvements . With rare Full Beam On-Deck Master Suite & 5 guest cabin layout & receiving an approximate USD 2 million dollar refit in 2019 . 

‘’REVIVE’’ presents its self as a family world traveller.

For more information, full specifications & photo presentation contact Torrens Luxury Collection.

150’ RICHMOND ‘’REVIVE’’ Gallery Views

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

How much do yachts cost? Let’s look at yacht prices per size.

SELECT SIZE ⇩

Note: We will look at yachts that are a few years old. Very few people buy brand-new yachts as the price comes down a lot after only a few years.

How much is a small yacht? Let’s start at 40 feet length.

40 Foot Yacht Cost

A 40-foot yacht can be found used for around $200,000 and new models can cost as much as a million dollars. There are always lots of used yachts for sale around 40 feet in length, which makes them more attractive to first-time buyers.

Technically, a yacht begins at 23 feet. However, yachts that size will more often be referred to as boats.

A 40-foot yacht is a great option for looking for relative simplicity and plenty of comfort and capability. This size is great for day trips in the Caribbean dedicated to speed boating or simple cruising.

The size remains manageable, but the vessel can be updated with extra living spaces and amenities as desired, with a more affordable price than larger options.

The maintenance prices will remain lower as well.

Make sure you are considering the age of your yacht. Even if it is on the smaller end, it will be more expensive if it is new and custom-built to your wants.

Even if you think a 40-foot yacht is the cheapest option, these small factors make for a sliding price scale.

You might find that a smaller, new, custom yacht is more expensive than an older, simpler, larger yacht. One benefit of an older yacht is that it should have the improvements and equipment that make it comfortable to operate and will not have those additional costs.

For  sailboat prices specifically, check out this article .

Our Pick: Viking 42 Convertible: Cruise and Fish (2014)

Price: $895,000

• Cushioned seats
• Underwater lights
• Flybridge fiberglass hard-top
• Recent engine and service
• Joystick control
• Cockpit shade with poles, freezer, and step-up box
• Custom chairs
• Coach roof overhang to provide shade
• home theater setup
• Freshwater wash area
• Cockpit freezer and drink box
• Forward-facing viewing windows in deckhouse

Here’s a great example of a yacht with differing ages and year models. It has twin diesel engines, 600 hp each, and cruise at 35 mph (pretty fast!).

Yacht Price Examples for Three Other 40-50 Foot

• 42-foot Grand Banks 42 Classic; trawler-cruiser style yacht; twin diesel, 350 hp each, cruising speed is 13 mph. Price: $370,000 for 2004; $124,500 for 1986; older ones for less
• 45-foot Sea Ray 450 Sundancer or Sedan Bridge; single or twin diesel, about 1,000 hp total; cruising speed about 26 mph Price: $472,000 for 2012 twin-engine
• 41-foot Back Cove Downeast; single diesel 715 hp; cruising speed is 26 mph Price: $619,000 for 2016

50 Foot Yacht Cost

50-foot yachts are  normally owner-operated, so you wouldn’t need to pay for a crew. Now we are around the size of 2-bedroom yachts.

They can provide more living space giving the owner flexibility for more guests and making it a more permanent residential option. With more space comes the opportunity to install more amenities as well.

The biggest difference between the 40-foot vessel and the 50-foot is the accommodations.

Expect three-cabin layouts, which give plenty of space for rest. The opportunity to create guest rooms, owners’ suite, and entertainment spaces are better with these yachts.

Our Pick: Hatteras GT54 Convertible Sportfish

The price for the 2017 model of this used yacht starts at $2,249,000. 

This yacht is 53′ 10″ long and weighs 75,000 pounds! It has twin diesel engines, 1,300 hp each, cruising speed of 35 mph.

It has a 1200-gallon fuel capacity with three staterooms. It sleeps up to 6 people, so it is perfect for entertaining without being so large to the point where maintenance becomes very difficult. It is known for its great propulsion rates and is very smooth and agile.

It specializes as a fishing boat but allows plenty of room for guests. In addition to the three staterooms, it has a large salon deck, a spacious galley, and plenty of indoor and outdoor seating.

Yacht Price Examples for Two Other 50 Foot

• 51-foot Azimut Magellano 50; express cruiser; twin diesel engines, 425 hp each, cruising speed 16 mph Price: $670,760 for 2013
• 52-foot Carver C52 Command Bridge; twin diesel engines, 600 hp each; cruising speed 18- 26 mph Price: $1,149,000 for 2017; $1,750,00 for 2021 with bow thrusters, gyro-stabilizer

How much is a large yacht? Let’s  step up to 60 foot.

60 Foot Yacht Cost

Now we’re looking at 2-bedroom yacht prices. A yacht in this range approaches the upper end of the owner/operator criteria.

This means that owners need to decide whether they can handle this size yacht on their own or if they need to hire outside help from a crew.

If you’re thinking of buying a boat this size, the cost may not be an issue, but understand that adding crew members adds substantial extra expenses! Crew salaries start at around $3K /mth for junior members and $10K for captains and experienced crew members.

This size is great for longer travels beyond day trips and adds more and more space for extra amenities. Hosting guests becomes easier.

Here are some examples:

Our Pick: Hatteras M60

The average base price for this model is around $2,995,000.

The Hatteras M60 is great for someone who wants the luxury of a larger yacht but still wants to be an owner-operator. The deck’s layout below and above is spacious, with a large salon and a full master suite. It can be customized to order with hardwood floors or specific carpeting and amenities like TVs, a bar, a full kitchen, etc. It is a motor yacht, meant for pleasure cruising.

It has twin diesel engines, 1135 hp each; cruising speed is 28 mph.

Yacht Price Examples for Two Other 60 Foot

• 64-foot Schaefer 640; express cruiser; twin diesel engines, 625 hp each; cruising speed 25 mph Price: $1,299,000 for 2017
• 60-foot Sunreef 62 Sailing Catamaran; twin diesel engines 110 hp each; cruising speed 10 mph Price: $990,000 for 2009

70 Foot Yacht Cost

We’re now looking at 3-bedroom yachts. Once you reach this size yacht, it is almost guaranteed you will need a crew to help operate it. A crewed yacht is very different from an owner-operated yacht.

This is just shy of the superyacht category, so if you settle on this size, know you are almost there!

As previously mentioned, as the yacht size gets larger, so do the number of factors that make the purchase more layered and complex.

When yachts reach this size, the interior layout begins to change more drastically. They often have a spacious main deck perfect for dining and entertaining guests, whereas below, the yacht would likely have four or more cabins and crew quarters.

With more rooms comes more cost and more opportunity to customize the space to make it your own.

Here are some great options for this size:

Our Pick: Hatteras GT70 Convertible Sportfish

The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. It’s great for a long vacation and far-away destinations.

The GT70 convertible sportfish is known for its speed and agility, and high propulsion power. It has twin diesel engines, 1900 hp each; cruising speed over 30 mph.

It is 70′ 6″ with 2,140-gallon fuel capacity. The inside is lavish, with a galley, a huge salon, and five staterooms.

Yacht Price Examples for Two Other 70 Foot

• 75-foot Hatteras Motor Yacht; sport cruiser; twin diesel, 1800 hp each; cruising speed 28 mph. Price: $4,375,000 for 2017
• 74-foot Ocean Alexander Motoryacht; twin diesel, 1150 hp each; cruising speed 24 mph. Price: $1,895,000 for 2011

100 Foot Yacht Costs (and up):

You are officially in the superyacht range.

These yachts come in all styles and shapes, allowing for cruising along coastlines or focusing on watercraft and speed boating.

Since this is likely the peak size boat for practical use, you can expect a lot of additional costs for hiring a crew, maintenance, docking, as well as stocking your boat full of amenities. 

You’re likely to spend the bulk of your costs furnishing this size boat as bigger yachts typically are sold without furniture. The previous owner will want to hold on to designer furniture and other expensive interior.

Check out these great  examples of 100-foot yachts .

Our Pick: 143′ 04″ Virtus 44

This model cost around $20,189,000.

This mega yacht is anyone’s dream.

It is home to a fully integrated beach club with room for a pool deck, floor-to-ceiling windows in the main salon, a hot tub on the top deck, five staterooms, an 8-person crew, and room to sleep ten guests.

It has room for water toys and other gadgets, with a layout that keeps them purposefully hidden from the outside world. It has a 12-knot cruising speed and 16-knot max speed,

Other 100+ Feet Yachts Price Examples

• 98′ 5″ AB 100 Price: $8,843,260 for 2018
• 161′ 04″ Acico Nassima Price: $17,933,000 for 2012

How Much is Yacht Insurance?

Insurance on a yacht is around 1% of the purchase price per year. It can go higher if you have lots of expensive designer furniture. This can add up over the years. It’s often cheaper to insure a sailing yacht but the price range is still within the 0.7-1.3%.

What Other Expenses Do Yacht Owners Face?

Harbor fees is another expense for yacht owners. It’s also a yearly fee that varies but as a rule of thumb, you can expect to pay around $100 per foot per year, depending on how popular the marina is. You will also have to be on a waitlist if you want a good location.

How Much Does a Luxury Yacht Cost?

A super yacht fall under the category of “luxury yachts” or “mega-yachts”.

The world’s largest private vessel belongs to the Prime Minister of the United Arab Emirates, Khalifa bin Zayed Al Nahyan’s Azzam. It is 590 feet long and costs $600 million to build!

It is outliers like these that increase the price average for yacht owners, perhaps scaring potential owners when they start their research.

As a luxury yacht price guide, however, we need to look at averages.

Currently, the average superyacht costs $275 million. This does not even account for maintenance costs, either.

Superyachts are large and luxurious, needing a professional crew to help them run. They are designed to emphasize comfort, speed, and longer expeditions – depending on the yacht builders.

They might have:

• swimming pools,
• water toys,
• diving and fishing poles,
• fully furnished rooms,
• helicopter landing pads,
• and smaller support vessels

Just to name a few amenities. They are truly the epitome of the elite.

What Size Boat is Considered a Yacht?

The normal yacht length starts at around 23 feet, and can extend hundreds of feet.  If the boat meets 23 feet, it can be considered a yacht.

A boat does not need luxury features to be considered a yacht.

It can be minimal and stripped of the “extra” stuff to fall into the yacht category, so long as it meets the size and length criteria.

11 Things to Consider Before You Purchase

When making this purchase, the yacht size you buy needs to reflect what you hope to get out of the vessel.

Some important questions to ask yourself before you buy are:

• What does your perfect day on the water look like?
• How long will your average day on the water be?
• Will it be more boating/watercraft focused or long cruise focused?
• Will you use the yacht for fishing?
• Will you be on the yacht every day of the week or just on weekends?
• How many people do you hope to fit on the yacht?
• Do you plan to stay on the yacht overnight?
• Where will you dock the yacht?
• How much boating experience do you have?
• How fast do you want the yacht to go?
• How important is it to have extra amenities like furnished rooms, water toys, electronics, etc.?

These questions will guide you to understand the size you really need and will be able to realistically maintain versus what your most ideal yacht would look like.

When Do You Need a Full-Time Crew?

At length over 50 or 60 feet, you may need a full-time captain or crew. 

A full-time crew person will be needed to keep all the varnished woodwork looking good and all the little things maintained.

Sometimes, you must be honest with yourself about what you want and what you actually need. Be self-aware about your abilities (or lack thereof) in taking care of a specific size yacht.

If you don’t know much about boats and navigation, you will need more help to use your vessel.

Hopefully, this comprehensive guide gives you a good starting point as you begin your yacht price research process.

Important Things to Consider As Well

Although there are many factors to consider when understanding a yacht’s prices, it is an exciting purchase nonetheless and should be enjoyed as much as possible.

At the end of your research, you’ll be the owner of a beautiful yacht you can use for leisure, cruising, sports craft, fishing, or all of the above.

Although this article is a good starting point, we would also recommend getting in touch with a  yacht broker who can help you find your best fit , model, year, and the price is given your personal budget. 

They are great sources of knowledge in addition to personal research.

Make sure you are as patient as possible in this process to make sure you are covering all your bases, but most importantly, enjoy the process!

Here’s How Much Yachts Cost on Average:

Yachts start around $300,000 for smaller 40-foot models and can go as high as several hundred million dollars for superyachts.

These are the main contributing factors to the price of a yacht:

• The size of the yacht
• The age of the yacht
• The brand and  type of yacht

In general, the larger the yacht is, the more important the quality of the build becomes.

Also, potential owners need to understand the cruising speed and propulsion of different yachts.

The yacht type is also broken down into two categories:

• Mediterranean Style Open style expresses yacht with maximum space for sun, little-to-no shade on the deck.
• Hard-top express Semi-enclosed or fully-enclosed space on deck for the operator
• Flybridge yachts

An express yacht is often referred to interchangeably as an  express cruiser  or  sports cruiser .

It has a single deck above the hull with a living space below.

They are much sleeker, too.

A flybridge yacht is often referred to as a sedan bridge or sport bridge, and it is typically used for fishing. It has additional space above the main deck.

Since the flybridge area has more space on the second deck, the main deck is normally made up of enclosed spaces and rooms.

It can have an open-air layout but can also have a hard-top.

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How much does it cost to own a yacht?

By Rob Bowman | Posted On Oct 28, 2019 Updated On Apr 16, 2024

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

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

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

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

How much does it cost to maintain a yacht?

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

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

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

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

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

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

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

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

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

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

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

How much does it cost to insure a yacht?

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

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

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

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

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

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

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

Can you finance a yacht?

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

Is owning a yacht a good investment?

Are Yachts Worth Buying?

Why Are Yachts So Expensive?

Can I Sell My Yacht Without A Broker?

What To Know When Buying A Boat

What is the best sport fishing boat?

How Much Should I Pay For A Yacht?

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

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

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These are the California cities where $150,000 still buys you a home. Could you live here?

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California’s soaring home values and its affordability crisis show no signs of easing.

But if you look hard enough, there are still a handful of cities where the median price of a home is less than $150,000.

Like so many California real estate deals, you have to journey off the beaten path, make compromises and have some imagination.

These affordable communities are far-flung and a long drive from the bustle of the city. But locals say the bargain prices and charms make the trade-offs worth it.

And because this is California, some wonder how long it will be before others discover what they have and move in.

For the last 30 years, Ann Epperly has lived in Trona, one of only nine California cities, towns and unincorporated areas tracked by Zillow with median home values under $150,000 in February 2024.

On Fridays, she volunteers at the local historical center and reminisces on decades of change in her community.

“It’s gone downhill, but it seems to be coming back a bit,” Epperly, 80, said of the once-bustling town, built on the mining and production of borax, a potent cleaner, flame retardant and component in glass products like car windshields.

Living off the beaten path has its benefits, she said, noting that “it’s quiet, you don’t get the hubbub of so many people” and “cars running over you.”

She loves the people of Trona, and the freedom to “ride horses all over town.”

These towns represent islands of affordability in a state where the median home price is $789,000. California is home to 210 cities, towns and communities monitored by Zillow where the median home values are more than $1 million .

Some of the state’s lowest median home values — as low as $114,000 —are located near the Oregon border, in the towns of Dorris, Macdoel and Tulelake. Each town is home to less than 1,000 people and set amid agricultural fields.

California housing crisis so bad once-modest towns have become ‘million-dollar cities’

After adding 12 this year, California accounts for 210 of the country’s 550 cities where the typical home value is more than $1 million, according to an analysis by Zillow.

April 15, 2024

Herlong, located along the border with Nevada, 90 miles north of Lake Tahoe, is another town with a low median home value. It’s an army town named after a World War II-era captain and home to a military storage facility.

In Southern California, five towns round out the group of nine: Boron, Yermo, Hinkley, Johannesburg and Trona. Surrounded by desert, most were built up around the mining industry and all have lost population in recent decades.

The town of Boron is named for the element found in borax, and Hinkley is known for a groundwater contamination lawsuit that inspired the movie “Erin Brockovich.”

Sonney Berri, a real estate agent in Trona, has seen an uptick in prices since the COVID-19 pandemic, a trend he attributes to homeowners who previously lived close to city centers and sold their homes to buy properties in this unincorporated community in San Bernardino County.

Trona, a “desolate area that was very much thriving back in the ’50s and ’60s,” was littered with abandoned homes after plants closed decades ago, said Berri, 49. Now, “people are fixing them up and making the community better,” he said.

Trona’s heyday was in the early 1900s, when it was a company town, established in 1914 and operated by the American Trona Corp. Early on, a central building housed many workers and all the town’s businesses, including a “pool hall, a barber shop, post office, library, grocery and department store,” according to the Searles Valley Historical Society .

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The building, known as Austin Hall, also held a “telegraph office with a switchboard for the single phone line into Trona.”

Mining production increased and the town boomed to 6,000 people at its height . But as the nearby town of Ridgecrest grew and the mining company shrunk, Trona withered.

More recently, Searles Valley, which includes Trona, saw its population fall 15% between 2010 and 2022, according to census data. It is now home to around 1,700 people.

Located less than four hours from Las Vegas and an hour from Death Valley, Trona offers a desert lifestyle with home prices that can’t be beat in California.

Berri considers himself a fan of the community.

During the peak era of COVID-19, “Trona was the place to be because you have more space,” he said.

He acknowledges that the desert life is not for everyone. “In Trona, you’re talking about 115-degree summers, but people adjust and they get through,” Berri said.

Residents who can endure the stifling heat are rewarded with home median home prices at an astonishing $52,000. In nearby Johannesburg, median home prices are $86,000. Both communities in the Riverside-San Bernardino metropolitan area saw home values dip about 17% in the last year.

Another plus of living in cities like Trona: The affordability rate. The ratio of median home prices to household income is less than 2 to 1, compared to nearly 10 to 1 in the rest of the state.

In the Searles Valley, the median household income was $54,000 in 2022, well below the statewide average of $92,000, according to census data. The poverty rate, however, was nearly 20%, far exceeding California’s 12% overall rate.

Aside from an influx of new residents, Epperly said the town’s revival could use some help.

Residents from nearby towns once came to Trona for shopping and essentials, but now the tables have turned, Epperly said.

The nearest hospital and Walmart are both 25 miles away in Ridgecrest.

“It used to be the hub years ago,” she said.

Now, “it’s just a small town with a big plant,” she said, referring to the gem and mineral plant on the nearby lake. “We need some stores here.”

The good news, said Epperly, is that she has noticed an increase in the number of tourists traveling to the desert to camp.

“I think L.A. has found Trona,” she said.

Berri, the real estate agent, agreed. As residents across urban California have decamped for more space and affordability in the exurbs, small towns statewide have grown in popularity.

“When you’re in the city, you’re usually cramped, you’re paying high costs,” he said.

Since the pandemic, Trona has “seen a spike in the prices,” he said, driven by cash-rich buyers from cities.

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Terry Castleman is a data reporter on the Fast Break Desk covering breaking news. In 2020, he was named alongside his colleagues as a Pulitzer Prize finalist in explanatory reporting . Previously, he worked at the New York Times and volunteered as a first responder for refugees arriving on the shores of Lesvos.

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Russia's economy is so driven by the war in Ukraine that it cannot afford to either win or lose, economist says

• Russia's economy can't afford to win or lose the war in Ukraine, one economist says.
• That's because Russia can't afford the cost of rebuilding and securing Ukraine.
• The cost of repairing its own nation is already "massive," Renaud Foucart says.

Russia's economy is completely dominated by its war in Ukraine, so much that Moscow cannot afford either to win or lose the war, according to one European economist.

Renaud Foucart, a senior economics lecturer at Lancaster University, pointed to the dire economic situation facing Russia as the war in Ukraine wraps up its second year. 

Russia's GDP grew 5.5% year-over-year over the third quarter of 2023, according to data from the Russian government. But most of that growth is being fueled by the nation's monster military spending, Foucart said, with plans for the Kremlin to spend a record 36.6 trillion rubles, or $386 billion on defense this year.

"Military pay, ammunition, tanks, planes, and compensation for dead and wounded soldiers, all contribute to the GDP figures. Put simply, the war against Ukraine is now the main driver of Russia's economic growth" Foucart said in an op-ed for The Conversation this week.

Other areas of Russia's economy are hurting as the war drags on. Moscow is slammed with a severe labor shortage , thanks to young professionals fleeing the country or being pulled into the conflict. The nation is now short around 5 million workers , according to one estimate, which is causing wages to soar .

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Inflation is high at 7.4% — nearly double the 4% target of its central bank. Meanwhile, direct investment in the country has collapsed , falling around $8.7 billion in the first three quarters of 2023, per data from Russia's central bank.

That all puts the Kremlin in a tough position, no matter the outcome of the war in Ukraine. Even if Russia wins, the nation can't afford to rebuild and secure Ukraine, due to the financial costs as well as the impact of remaining isolated from the rest of the global market . 

Western nations have shunned trade with Russia since it invaded Ukraine in 2022, which economists have said could severely crimp Russia's long-term economic growth.

As long as it remains isolated, Russia's "best hope" is to become "entirely dependent" on China , one of its few remaining strategic allies, Foucart said.

Meanwhile, the costs of rebuilding its own nation are already "massive," he added, pointing to problems like broken infrastructure and social unrest in Russia.

"A protracted stalemate might be the only solution for Russia to avoid total economic collapse," Foucart wrote. "The Russian regime has no incentive to end the war and deal with that kind of economic reality. So it cannot afford to win the war, nor can it afford to lose it. Its economy is now entirely geared towards continuing a long and ever deadlier conflict."

Other economists have warned of trouble coming for Russia amid the toll of its war in Ukraine. Russia's economy will see significantly more degradation ahead, one London-based think tank recently warned, despite talk of Russia's resilience in the face of Western sanctions .

This story was originally published in February 2024.

Watch: Zelenskyy says Ukraine will lose the war without help from the US

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