how much does a 64 foot yacht cost

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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Viking Yachts 64 Review

• By Peter Frederiksen
• January 7, 2022

Seventy 62-foot convertibles have been delivered by Viking—six of them were used as part of the company’s demo program on the national and international stage. The popular model was highly regarded for both speed and performance. They were well-equipped and raised fish, but replacing a winner is never easy. In the past two decades, Viking has designed and delivered 550 boats from 60 to 70 feet, and there is no doubt it owns this segment of the production boating market. The new 64 is true to form, and it refuses to live in any other’s shadow.

Watch: The Marlin team explores the fishery of the Andaman Sea off Myanmar in this episode of Bluewater Chronicles .

Viking’s mantra is to build a better boat every day —a philosophy fostered by co-founders Bill and Bob Healey. These days, the second and third generation of Healeys are taking the reins, and the commitment remains as steadfast and relentless as ever as the company’s shipwrights navigate into their 58th year of building state-of-the-art tournament contenders.

The cockpit is ground zero for tournament fishing. With 180 square feet of usable space, every inch has purpose. A pressurized 90-gallon transom livewell keeps bait ready for action, and the mezzanine conceals a freezer, chiller box, and tackle and gear storage. A portside step can be outfitted to stockpile ice or utilize an electric grill. The flybridge overhang delivers spray and sun protection, and air conditioning provides a cool breeze on those breathless tropical days. Centerline finds a watertight lazarette, with an optional power actuator to access the Seakeeper 26 gyrostabilizer. Corner scuppers drain water quickly, and can also be plumbed if you choose to fish with removable livewells. Fixtures for raw and fresh water as well as quick-disconnect fittings for oil changes and filling the water tank are located beneath the coaming boards, along with both 12- and 24-volt outlets and portside and starboard-side storage lockers.

Engine Room

The Snow White Awlgrip-finished engine room is a uniform work of art. Entered through the mezzanine, headroom on the centerline is more than 6 feet, with a solid 26½ inches between the irons. A pair of 21.5 kW Onan gensets are situated aft of the engines for those who prefer redundancy, and the twin setup is flawless.

The aft bulkhead is lined with DC and Octoplex distribution panels, Mastervolt battery chargers and Dometic refrigeration. The oil-transfer system for the engines, transmissions, generators, bilge pumps and various seacocks are labeled in typical Viking fashion, and all hoses and wire-runs throughout the machinery space are chafe-protected, neat and secure. Forward finds a toolbox, AC units, and the Furuno Omni sonar tube. Movement outboard is virtually effortless, and the equipment is lined up in military precision. To port is the main switch for the Side-Power DC bow thruster controls and the ElectroSea Clearline growth-prevention system; to starboard, the Dometic-Spot Zero watermaker combo, Willy Vac and Headhunter freshwater pump are easily accessible. A Delta-T ventilation and ­water-suppression system supplies the engine room with clean, ambient airflow.

The sheer volume of the 64’s wide beam invites an uncluttered view forward—accented with satin-finished horizontal grain walnut that adds dimension throughout the interior. An electrical panel at eye level provides convenient access to the ship’s systems, and an adjacent 50-inch high-definition television rises from the cabinetry opposite the L-shaped sofa that hides significant storage inside.

A dinette is situated to port, and the raised base conceals another one of the yacht’s storage areas. The peninsula-style galley and bar feature engineered-stone counters and a pair of stools. Top-notch appliances, ample storage and premium vinyl Amtico flooring are among the standard highlights; an island galley option is available for those who prefer it.

Below, the four-stateroom, three-head layout provides the same striking walnut joinery, comfort and privacy, including a walk-around bed in the master, a choice of forward stateroom accommodations, and even more storage. A companionway laundry center adds to the 64’s numerous amenities.

Viking’s popular center-console helm station ramps up style and practicalities with a newly designed black acrylic helm dash featuring three flush-mounted Seatronx touchscreen displays. The angle of the dash brings the screens closer to the ­skipper to shorten the reach, and the entire console has been raised for better access to the radio boxes that flank the teak helm pod. Two boxes in the fiberglass hardtop house additional electronics and displays, as well as a set of teaser reels. The controller for the Omni sonar stows beneath the helm and includes a remote for the operator.

Three Release Marine Trillion helm chairs provide comfort for those long offshore jaunts, with convenient fore and aft drink boxes. Port and starboard benches provide storage, while the forward lounge sits on top of a 76-gallon freezer—another nod to the boat’s long-range travel capability.

Read Next: Meet Viking president and CEO Pat Healey in our exclusive interview .

Performance and Construction

Off the coast of Palm Beach, Florida, with Capt. Ryan Higgins—Viking’s Southeast sales manager and 15-year demo veteran—at the wheel, the 64-footer ripped into a two-way average top speed of 42 knots burning 200 gph with a near-full load of fuel. In a 2- to 3-foot sea and 10- to 12-knot northeast breeze, the boat was smooth and chatter-free; the wake was crisp and well-defined. Viking’s design manager, David Wilson, explains some of the details of this new hull’s running surface: “The refinements include the chine angle of attack and a softer radius transitioning from the deadrise to the chine. We also slightly lowered the strakes in the bow for increased spray-deflection. Moving aft, the chines widen, and together with the strakes, they provide excellent lift. We also changed the shaft angle and the propeller-pocket diameter, length and entry for better water flow to the props, and to minimize draft.”

As I took the helm, the tie-bar-free SeaStar Optimus steering connected me instinctively to every maneuver I made. Slipping along at 1,800 rpm, we were making 29 knots using 122 gallons of fuel for a range of 403 nautical miles, while a brisk 35 knots at 2,100 rpm burned 156 gph for a range of 385 nm.

The new Viking 64 utilizes the builder’s proprietary manufacturing processes, including a vinylester resin-infused fiberglass hull with composite coring ­material throughout, structural composite bulkheads and integrated, resin-infused tankage. Vertically unified from design to delivery, 90 percent of what goes into building a Viking 64 is manufactured at its facility in New Gretna, New Jersey, and the company subsidiaries—Atlantic Marine Electronics and Palm Beach Towers—help produce a turnkey product for a seamless build experience.

As Viking continues its head-down, nose-to-the-grindstone approach to the ever-evolving boating market, we are sure to see replacement models take hold. After all, as Abraham Lincoln once said: “The most reliable way to predict the future is to create it.”

Viking Yachts 64 Specs

• Beam: 18’11”
• Draft: 5’7″
• Displ: 99,738 lb.
• Fuel: 1,850 gal. (std.), 2,201
• Water: 302 gal.
• Power: Twin MTU 12V 2000 M96X, 2,002 mhp
• Gear/Ratio: ZF 3050A, 2.259:1
• Propellers: Veem, 5-blade
• Climate Control: Dometic

This article originally appeared in the February 2022 print issue of Marlin.

• More: Boat Reviews , Boats , February 2022 , Viking Yacht Company

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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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How Much Does It Cost To Buy A Yacht?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Other Related Articles Of Interest :

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

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Are Yachts Worth Buying?

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.

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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 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.

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?

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.

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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

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Viking Yachts For Sale

Viking yachts are widely known as the ultimate sportfishing boats built today, equipped for serious offshore tournament fishing. Boat owners demand high levels of performance, space, amenities on board, and range, and these boats definitely deliver. Viking yachts for sale range from 38 to 90 feet in length and are built at their American shipyard located in New Gretna, NJ. SI Yachts has sold Viking yachts longer than any other dealer in the world, and we're the top Viking dealers for New York, parts of New Jersey, and southern Connecticut. Check out our current Viking models for sale today, or contact us to customize your own.

Known for being fast, highly maneuverable, and fun to drive, the Viking Billfish series is a great step up for center-console owners. The Viking Billfish series began with acquisition of the former Ocean Yachts factory, which gave Viking more than 80,000 square feet of boat-building space right on the Mullica River. The Viking 37 Billfish began the new model line, which has added the 38 Billfish and 46 Billfish. The new 46 Billfish features a much larger cockpit as well as more horsepower to combine the speed of a center-console with the accommodations of a sportfish.

Convertibles

The Viking Convertible is what has made the New Jersey builder the dominant sportfish manufacturer it is today. Viking continually tweaks its helm and electronics on the open bridge to ensure that the captain always has optimal control and visibility. From 44 to 90 feet, there simply is no better fishing yacht than a Viking Convertible. Owners have won countless tournaments behind the helm of a Viking thanks to its precision maneuvering, wide cockpit space for teams to work, and the most reliable engines possible. Custom towers can be added from Viking's subsidiary company, Palm Beach Towers.

Enclosed Bridge

Viking's climate-controlled Enclosed Bridge yacht is a work of art. State-of-the-art helm design and electronics combined with extra seating and other amenities redefine what it means to own an Enclosed Bridge, with Viking setting the bar. Large windshields open up complete visibility when cruising from the inside helm, and the ergonomic design makes it easy to adjust all controls. Many of the Enclosed Bridge models even have retractable flat-screen televisions, wet bars, and extra storage. Owners who live in colder climates particularly seek out Viking Enclosed Bridge yachts for sale.

Open Series

The Viking Open Series offers owners a fishing and cruising vessel that has stable performance, sporty horsepower, and the interior comfort of a much larger boat. The Viking Open Series is now offered from 44 to 54 feet, with the 54 Open being the newest model. If you currently own a center-console, the Open Series model line is a perfect crossover boat.

Sport Coupe

The Sport Coupe model range is Viking's take on an express cruiser with sportfish DNA. The gorgeous hardtop looks sleek and can be outfitted with outriggers for trolling. The cockpit and command deck are the focal points of each Sport Coupe model.

Sport Tower

Viking's Sport Tower model range offers the Sport Coupe design with a custom Palm Beach tower. This has become a popular alternative to the Viking Convertible and Billfish series. Perfect for the owner and operator who loves to cruise as much as fish, the Viking Sport Tower series is available now from 44 to 54 feet.

QUICK FACTS

• Type Of Boat: Sportfishing Yachts
• Founded: 1964
• Founded By: Brothers Bob & Bill Healey
• President: Patrick Healey
• Location: "On The Bass River" New Gretna, N.J.
• Model Ranges: Convertible, Enclosed Bridge, Open, Sport Tower, Billfish, Sport Coupe
• Biggest Model: 90 Convertible, 90 Enclosed Bridge
• Smallest Model: 38 Billfish
• Boats Produced Each Year: Approximately 100
• First Viking Model Ever Produced: 33 Convertible

HISTORICAL Viking Yachts MODELS

About viking yachts.

SERVICE & EXPERTISE FAR BEYOND OTHER VIKING YACHT DEALERS

As one of the oldest Viking dealers in the world, SI Yachts has plenty of experience with this legendary brand, which we've worked with for more than 30 years. Our Viking specialists have been trained at the factory, fish with Viking boats recreationally, and have helped many clients over the years to find the perfect sportfish. When you're looking to buy a Viking yacht, just contact our Viking team and you'll get personalized assistance from our experts.

While we continually stock new Viking inventory, our proximity to the Viking shipyard also allows us to offer unparalleled service, including a special hands-on experience, to our customers who choose to build and customize their own boat. In addition, your SI Yachts Viking sales professional will make frequent trips to the factory to give you peace of mind as your yacht is being built. And once your new yacht is delivered, our Staten Island marina and service facility can do all warranty work, repairs, and routine maintenance needed throughout the life of your Viking ownership.

Our financial stability as a company also gives us the opportunity to be able to take your boat or yacht in trade toward the purchase of a new Viking. This makes it easy on our clients who want to own a new Viking yacht but don't want to wait for their boat to sell on the brokerage market. Should you want to sell your current boat or yacht and not trade it in, SI Yachts also offers one of the top marketing programs in the industry to sell your vessel quickly and efficiently. We also specialize in helping clients find used Viking yachts for sale .

ABOUT VIKING YACHTS

"Build a better boat every day." This is the company motto that Viking President Patrick Healey relentlessly drives into everyone who is part of the Viking team, whether they are at the factory helping to design and construct the boats or on the dealer side helping to sell the dream. In 1964, brothers Bob and Bill Healey first bought Peterson-Viking Builders, a small and struggling builder of 37-foot wooden sportfish boats in New Jersey. Today, Viking has become the worldwide leader in semi-custom fiberglass sportfishing boats and motor yachts with one of the most dedicated customer followings of any yacht on the market. It's not uncommon to see a Viking at the top of the leaderboard in any major billfish tournament. Viking has delivered more than 4,500 yachts and shows no sign of slowing down in the near future. On average, Viking builds 100 boats every year.

WHAT MAKES VIKING YACHTS SPECIAL?

While Viking may have an impressive facility with some of the most advanced technological equipment in the marine industry today, it's undoubtedly the people inside the company that make it special. It takes refined skill to build a boat, and Viking has employed generations of families who pass down their talents to their sons and daughters. Whether they're working in Viking's in-house carpentry shop or helping to install the customized interiors, Viking's artisans are dedicated and driven to build a better boat each day. Viking recognizes this passion for their product by rewarding its team with medical coverage at its in-house facility, retirement programs, and many other benefits that go above and beyond what is seen in today's corporate world.

Viking's ability to keep a skilled workforce allows it to build 90% of each model in its factory, which allows for an unprecedented level of quality control. Only the engines and components like HVAC units, transmissions, and electronics are built outside of the New Jersey factory.

But quality control isn't all that sets new Viking yachts apart from the competition:

• Viking is a family-owned business that employs families. There is a true passion and commitment when you're intimately involved with the building of something great. Viking is owned by the people who put their own blood, sweat, tears, and money into the products, not by a corporation or investment firm.The Viking team don't just design the product; they live it.
• The Viking team is no stranger at billfish tournaments worldwide. Whether it's in Costa Rica at the Los Suenos Marina billfish circuit, its own Viking Key West Challenge, Skip Smith's tournament series, or the up-and-coming Montauk Canyon Challenge, you will often see Patrick Healey and team fishing one of their boats. There is even a position at the company manned by Ryan Higgins that focuses on using the product in real customer-life situations.
• The Viking factory is the X factor when it comes to building yachts. It's hard to overlook the advantages that multiple CNC routers and a $1 million five-axis profiler can give you. Being able to create foam plugs to build Viking's complex molds for its models means more advanced capabilities and design opportunities.
• Viking yachts have one of the best dealer and service networks in the industry. If you look around at the dealer network that Viking has assembled to represent its product, it is in the top of its class. Each Viking dealer in the U.S. has the financial stability to weather recessions and downturns and continue to stock new models. The similarity among the dealers isn't a coincidence, as the Healey brothers looked for the same characteristics that made them successful in their dealer network. Additionally, Viking's multiple service facilities in the Northeast and South Florida give Viking owners convenient factory service options.
• Insurance companies prefer Viking yachts because of their high-quality materials and construction techniques, the reliability of Vikings over time, and the safety guidelines that the builder follows.

WHAT DIFFERENT TYPES OF YACHTS DOES VIKING BUILD?

Viking yachts for sale are divided into several categories that vary by how and where the owner will use their yacht. Each model line has specific characteristics that differentiate it from the others, so Viking is able to tailor their offerings to each customer's wishes.

• Billfish : The Viking Billfish model line began with the 37 Billfish after Viking acquired the old Ocean Yachts factory in Egg Harbor. The 37 Billfish was immediately popular and proved to be a great stepping stone for center-console owners who wanted the space and interior amenities of a sportfish. Today, Viking builds both a 38 Billfish and a 46 Billfish .
• Convertible : Viking's most popular model line is undoubtedly its open-bridge Convertible sportfishing yachts. Viking offers ten different open-bridge models for almost all offshore requirements, ranging from 44 to 90 feet. Two of Viking's newest models in this range include the 58 Convertible (second-generation model) and the 68 Convertible, both of which exceed 40 knots at top speed. Viking's 54 Convertible that debuted in 2020 won the Best in Show award at the Fort Lauderdale Boat Show.
• Sport Yachts : Viking offers both Sport Tower and Sport Coupe sport yachts ranging from 44 to 54 feet.
• Open Express Yachts : Viking's Open express-style yachts offer owners and captains the exhilaration of being in an open cockpit. Viking has three models in the Open Series line, including the new 44 Open as well as a 48-O and a 52-O.
• Enclosed Bridge : For colder-weather captains or owners that simply want the extra interior space of an enclosed bridge, Viking offers five models ranging from 62 to 90 feet. Additionally, there is a skybridge version of the Viking 80 and 90 models.

HOW ARE VIKING YACHTS BUILT?

The process by which Viking yachts are built is quite complex and impressive. It all begins with the five-axis profiler that is able to create the foam plugs needed to build the molds that are designed by the in-house team. The precision that computer-generated cutting of laminates and materials provides far exceeds the quality that any human could achieve. Each hull is built for maximum durability, rigidity, and performance. Like at many builders today, the hull is vacuum-bagged and resin-infused to provide extra strength, but Viking uses only the very best resin available, which has greater impact-resistant qualities. The resin is pulled through the materials in the hull, filling all possible voids. The final result is a hull that is lighter and stronger and allows for greater fuel-carrying capacity. And all of the Viking stringers and bulkheads are encapsulated in fiberglass and bonded to the interior of the hull, which provides additional strength.

Viking also has its very own metal shop in its New Gretna factory. The metal shop is responsible for creating Viking engine beds and hardware as well as other metal components. For example, spiral staircases for Enclosed Bridge models are fabricated here using either a high-polished anodized surface or a powder-coated finish for both aesthetics and durability.

In the Viking fiberglass shop, custom-made fuel, water, and waste tanks are crafted with the resin-infusion process. All tank bases mirror the shape of the bottom of the hull, maximizing space and capacity. Deck assemblies, salon floors, and flybridges demonstrate the talents of the skilled craftsmen on the fiberglass team.

Viking even has its own wood shop to make structural components, interior cabinetry, furniture, and joinery. Hand-finishing is also done here, which results in the incredible high-gloss finish seen inside Viking's salons and staterooms.

Once installation of the engines, wiring, interior components, and furniture is completed, the new Viking is transferred to the water for its initial testing. Quality control managers and the engineering department conduct exhaustive testing and record performance numbers to evaluate any adjustments needed. The result is a perfectly tuned package delivered to the customer ready to fish or cruise.

WHERE ARE VIKING YACHTS BUILT?

Viking yachts are built at one of two factories in the Northeast United States. The main Viking yacht factory is located on Route 9 in New Gretna, NJ, along the Bass River. Access to this river gives Viking the ability to put boats in the water right from the factory and navigate out to the Atlantic Ocean. This factory is as impressive as it gets. Featuring solar power, its own water supply, an in-house hospital and medical facility for its workers, and more than 810,000 square feet of factory floor, the Viking boat factory is one of the most state-of-the-art plants in the world.

In 2016, Viking acquired the assets to what used to be the Ocean Yachts factory in Egg Harbor City, NJ, along the Mullica River. Viking would name this factory Viking Mullica. Here, Viking manufactures its smaller boats, including the Billfish series. The 37 Billfish would go on to receive high praise for its traditional Viking quality, resemblance to the popular Ocean 37 Billfish, and maneuverability. In 2019, Viking began producing multiple models at the Viking Mullica facility, including the 38 Billfish and 46 Billfish as well as the Valhalla center-console line.

WHAT IS THE BIGGEST VIKING YACHT BUILT TODAY?

The largest Viking yacht for sale today is the 90 Convertible , which has taken the place of the 92 Convertible and 92 Enclosed Bridge . The Viking 90 Convertible is offered in both an enclosed-bridge and skybridge version and was introduced at the Miami Boat Show in 2023. The previous longest Viking sportfishing boat models were first introduced in 2014 and sold 21 hulls, including the Fa-La-Me, which travels the world for big game.

WHAT IS THE SMALLEST VIKING YACHT BUILT TODAY?

The smallest Viking yacht built today is the 38 Billfish. The Viking 38 Billfish measures 38 feet 8 inches and is a perfect boat for the owner who wants to operate their vessel without a captain and crew. Viking has also designed and is in the process of building a 38 Open Express model. The next-smallest new Viking yachts for sale measure 44 feet and come in Convertible, Open, or Sport Tower models.

HOW MUCH DOES THE VIKING 92 COST?

Viking's previous flagship sportfishing model, the 92 Convertible has a base price of $9,730,000 when equipped with MTU 16V2000 M96L 2,635-HP engines. As bigger engines and other options are added, the cost obviously increases and can potentially reach more than $11 million. The cost of a Viking 92 is nothing compared to the adventures you will experience as an owner.

HOW MUCH DOES THE VIKING 90 COST?

Taking over for the 92 Convertible is the Viking 90 Convertible, the shipyard's newest flagship model. This is the ultimate sportfishing yacht that will reach 38 knots with twin CAT C-32A 1,925mhp engines. The base price of the 90 Convertible is more than $12 million with a fully-equipped boat costing more than $14 million.

DOES VIKING BUILD CENTER-CONSOLE BOATS?

Viking also builds center-console boats under the Valhalla Boatworks brand. Valhalla boats consist of five models:

• V-29 Hybrid

Each Valhalla center-console is made with a deep-V, stepped-hull design that gives owners fast and efficient performance. Each boat has a dedicated space for a Seakeeper Stabilizing System, in-deck fish boxes, raised transom bait wells, and a version of Viking's signature mezzanine seating. The Valhalla center-console line is configured with a variety of possible power options including twin, triple, quad, and even quint four-stroke outboards that will range from 300 to 600 horsepower. Power-assist hydraulic steering comes standard on each model, and owners have the option to add joystick helm controls. Viking's subsidiary companies continue to provide electronics from AME and marlin/tuna towers from Palm Beach Towers.

WHAT KINDS OF ENGINES DOES VIKING USE IN ITS YACHTS?

The size and manufacturer of the engines inside each Viking yacht vary depending on its size and the customer's requirements for horsepower. The 38 Billfish, for example, is powered with a Cummins QSB6.7 550-HP engine, which allows it to reach a top speed of 35 knots. On some of the larger Viking convertibles, like the 58C, owners have a choice of engine brands and options that range from MAN V12 1,400-HP to 1,900-HP engines as well as MTU Series 2000 V10 M96L 1,600-HP engines. The biggest Viking Convertible, the 90C, is outfitted with optional twin MTU Series 2000 V16 M96L 2,635-HP engines.

WHAT'S THE BEST PLACE TO TOUR A VIKING?

Viking offers numerous opportunities to tour its yachts every year at boat shows and two different VIP showcase events. Each year before the Fort Lauderdale International Boat Show and the Miami boat show, Viking hosts two events for customers and dealers to sea-trial different models, which are held either in Atlantic City, NJ, or at the Viking Service Center in South Florida. Customers from all around the world come to these two-day events to meet with factory representatives, see the new models before the boat show crowds, and try them out for themselves. If you are seriously considering purchasing a new Viking yacht, your SI Yachts sales professional can arrange for a personal factory tour or make sure you are invited to one of these VIP events.

Aside from the VIP events, Viking also displays more than 15 models at the Fort Lauderdale boat show and the Miami yacht show. These two boat shows are among the largest in the world and offer customers a great opportunity to climb on board almost every Viking yacht offered in their lineup.

WHY BUY A VIKING YACHT OVER BUILDING A CUSTOM SPORTFISHING BOAT?

Viking yachts are often referred to as production boats, but that isn't exactly true. Viking yachts are considered to be semi-custom yachts and give owners numerous opportunities to customize their vessel. Whether they want to change the layout from three cabins to four staterooms, convert space into extra rod storage, pick the engine manufacturer and horsepower, select what electronics they want installed, or simply alter the features in the cockpit, owners have a variety of options to make their Viking unique to their boating requirements.

Having multiple production lines also gives Viking an advantage over custom-built boats. From the time when the first deposit is made, building a Viking from scratch is completed years ahead of what a custom boat would take to build. It's also difficult to beat the service network that Viking has created. Whether you need warranty work, routine maintenance, service on your electronics, or installation of a Seakeeper gyro, Viking offers the ability to get your Viking or Princess yacht (thanks to an agreement between the two companies) in front of factory-trained technicians no matter your location.

WHAT IS THE MOST POPULAR VIKING MODEL BEING BUILT TODAY?

One of the most popular large sportfish models today is the Viking 72 Convertible . Making its debut in 2017, the Viking 72C has been reviewed as a fast, dependable, well-equipped sportfish for the hardcore angler. Designed to compete in and win blue-water billfish tournaments, the 72C features a 209-square-foot cockpit with space for a Seakeeper, all of the tackle storage and insulated fish boxes you could ask for, and a wonderful four-stateroom, four-head layout.

WHAT KINDS OF FISHING OPTIONS CAN I HAVE ON A VIKING?

The only thing better for today's billfish angler than a Viking would be to have multiple Vikings! A Viking yacht's cockpit is larger than the competition's, meaning you have more room for a fighting chair, extra rod-holders, and room for the crew to move around in the heat of battle. From raised transom live wells to in-deck insulated fish boxes to the multiple tackle storage spaces, Viking knows what anglers want thanks to the time spent fishing their own boats on the tournament circuit.

What Kind of Resale Value Will My Viking Have on the Pre-Owned Market? Late-model, well-equipped Viking yachts that have been professionally maintained often do quite well on the brokerage market. Some used Vikings have even been sold before making it online for the full asking price. Pre-owned Vikings do tend to hold their value very well and often sell in a six-month time frame.

Of course, listing your Viking boat with a reputable dealer that offers outstanding marketing is imperative to getting it sold quickly and for the most money possible. Our network at SI Yachts is very deep, since we've been a dealer for so long. We also invest substantially in marketing our clients' yachts through YachtWorld, Google, email marketing, social media, and a variety of other tactics. If you are a Viking owner and wish to find out what your yacht might be worth, give us a call today at (718) 984-7676.

UPDATE ON PRE-OWNED VIKING YACHTS MARKET

The team at SI Yachts are experts are listing and selling your pre-owned Viking. Our Diamond listing program ensure your boat is priced right and is marketed to sell. There are currently 297 pre-owned Viking Yachts for sale on the brokerage market today and 196 Vikings that have been sold in the last 12 months. (Updated: May 2024)

WHAT IS THE HISTORY OF THE VIKING YACHT COMPANY?

In 1964, brothers Bill and Bob Healey first set their sights on Peterson-Viking Builders, a struggling boat-builder in New Jersey. The Healey brothers had great aspirations, but no one expected that the small company that built 37-foot wooden sportfishing boats would become the iconic Viking Yacht Company that would lead the industry. Six decades later, boat-building has changed a lot, having gone through the evolution of fiberglass hulls and a litany of other improvements, but the popularity of Viking has never wavered.

In 1971, the builder released its first fiberglass model, the 33 Convertible. While this was the beginning of the Viking story, it wasn't until a year later, when the Viking 40 Convertible made its debut, that the success of the Viking Yacht Company would really take off. Over the next 15 years, Viking would go on to sell more than 600 of the 40-to-41-foot models. Continuing with their creed of "Building a better boat every day," Viking continuously made improvements to the living areas on board as well as the engine performance and horsepower.

Perhaps one of the hardest times at Viking would come in the early 1990s, which would see both a nationwide recession and the federal luxury tax that would damage the entire boating industry for years to come. Decimated by the economic conditions, Viking lost the majority of its workforce but was able to barely stay afloat because the Healeys invested their own money as well as borrowing extra capital. The Healeys joined the fight against the luxury tax and were instrumental in getting it repealed. Boat-buyers returned to the market in droves once the tax was lifted, and Viking was poised to reap the rewards. By keeping its doors open during those hard years, Viking was able to improve its models during this time while other boat-builders just stayed with the status quo, giving them an advantage once the market returned.

In 1995, Viking partnered with Princess Yachts in Great Britain to create Viking Sport Cruisers, a company that would distribute high-quality cruising yachts that ranged from 33 to 88 feet and were built to Viking's specifications through its strong dealer network in the U.S. Today, Princess is one of the top brands of cruising yachts in North America and sits alongside Viking as one of the most prestigious brands in the industry.

In 1996, the Healeys decided to give back to the sportfishing industry that had made them so successful over the years by creating the Recreational Fishing Alliance, or RFA. This nonprofit organization was founded to protect and promote sustainable fisheries so that generations of families would be able to continue fishing and enjoying the ocean. Viking contributed more than $1 million over the years to the organization, which would transfer its assets to the American Sportfishing Association in 2023.

Between 2002 and 2003, several very important changes in the history of Viking would occur that would improve Viking's control over its quality and the way it serviced its customers. The impetus was the realization that many customers were snowbirds, people who migrated from the Northeast to Florida and back every year, often making the trek on their boats. Florida is also blessed with some of the best offshore fishing in the world thanks to its proximity to the Gulf Stream. Because so many Viking yacht owners were living either full- or part-time in Florida, Viking opened up a service center in Riviera Beach. The Viking Service Center has gone through many improvements over the years and can now handle both in-water work and land storage for larger projects.

In an effort to improve the quality of the electronics, components, and towers that were put on their sportfishing boats, Viking also opened two new companies, Atlantic Marine Electronics (AME) and Palm Beach Towers (PBT). By having the high-end electronics packages and towers installed at the factory, Viking could better control the quality as well as the costs for its owners.

Viking continuously looks to improve its facilities and its equipment in an effort to lead the industry in design, technology, and the evolution of its sportfish and motor yachts. In 2004, Viking purchased a $1 million computer-operated five-axis profiler milling machine that is capable of cutting parts measuring 60 feet by 20 feet by 10 feet; it's the largest of its kind. The new milling machine helped Viking produce larger, newer models like the 74 Convertible. A decade later, Viking would celebrate its 50th anniversary with the unveiling of its largest sportfishing yacht to date, the 92 Convertible.

Today's CEO and president of the Viking Yacht Company is Patrick Healey, but he didn't come into the business starting at the top. In 1976, Patrick Healey was hired on and would be groomed to be the second generation of Viking management, which meant starting from the bottom and learning everything about how each boat is built. Healey continues to lead the company and will for the foreseeable future, but sons Justin and Sean have also begun taking roles at Viking, hoping to become the third generation of Healeys to lead Viking to unrivaled success in boat-building.

While the years have seen competitors come and go, Viking yachts have been a mainstay in the marine industry, and the company continues to lead the way in technology, quality, and customer satisfaction. There simply is no semi-custom sportfish and motor yacht builder that is able to produce the same volume at the highest possible quality than the Viking Yacht Company.

Written by Rob Bowman

Also written or edited by Rob Bowman: 41 Ships, Boats, and Yachts From Pop Culture , All About Viking Ships , The 20 Most Expensive Yachts , The U.S. State With the Most Boats and Yachts

FURTHER READING :

• Fire Up The Bite With These Viking Yachts For Sale
• How Much Does An 80 Foot Viking Cost?
• How Much Does A 75 Foot Viking Yacht Cost?
• How Much Does A 70 Foot Viking Cost?
• How Much Does A 50 Foot Viking Cost?
• Is Viking A Good Yacht?
• Viking 64 Convertible: A Sportfish Evolved
• Viking Announces The New 90
• We Can Sell Your Viking Faster
• Viking 72 Convertible: Battle-Tested

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Listed below are used yachts for sale worldwide from 61 to 70 feet. Use the search tools to narrow your exploration. SYS Yacht Sales offers a wide range of used yachts for sale, including long range cruisers, motor yachts, trawlers, sportfish yachts, flybridge yachts, sailboats and everything in between. Search top brands like Azimut, Ferretti, Hatteras, Sunseeker, Princess, Sea Ray, Viking, Grand Banks, Riviera 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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How Much Does a Yacht Cost: A Comprehensive Breakdown for Buyers

Yachts embody luxury, status, and freedom, leading many to wonder about the costs associated with such an extravagant purchase.

Buying a yacht is a significant investment that involves not only the initial price but also ongoing expenses such as maintenance, fuel, insurance, and crew costs.

The price of a yacht varies greatly depending on factors such as size, brand, age, and features. Understanding these factors will help potential buyers make informed decisions.

Smaller yachts often start at a few hundred thousand dollars , while larger or more luxurious models may cost millions. Meanwhile, superyachts and mega yachts can carry price tags in the tens or hundreds of millions of dollars.

It is important to remember that additional ownership costs, like annual operating expenses , must be considered when calculating the true cost of yacht ownership.

Key Takeaways

• Yacht costs vary greatly based on size, brand, age, and features
• Additional expenses such as maintenance, insurance, and crew should be factored in
• Assessing all costs involved helps gain a clearer picture of the true cost of yacht ownership

Types and Sizes of Yachts

When considering the cost of a yacht, it's important to understand the various types and sizes available in the market.

In this section, we will explore some of the main categories of yachts, including sailing yachts vs. motor yachts and the range of sizes from small to superyachts.

Sailing Yacht Vs. Motor Yacht

There are two main types of yachts: sailing yachts and motor yachts.

Sailing yachts rely on wind power and sails for propulsion, making them more eco-friendly and fuel-efficient. They come in a variety of sizes and styles, with smaller sailboats starting around 23 feet in length. Some popular designs include sloops, cutters, and ketches.

Meanwhile, motor yachts use engines for propulsion, offering more speed, power, and maneuverability. These yachts typically range from around 30 to 100 feet, although larger motor yachts can also be classified as superyachts. Motor yachts are often equipped with a luxurious interior, offering the utmost comfort and entertainment for guests.

Small Yachts to Superyachts

Small Yachts (10,000-$100,000):

Small yachts generally range from 23 to 40 feet in length. These yachts are more affordable and easier to maintain, making them attractive to first-time buyers. They can be both sailing yachts and small motor yachts. Examples of small yachts include sportfishing boats, family cruisers, and day sailers.

Midsize Yachts ($100,000-$1,000,000):

Midsize yachts typically range from 40 to 60 feet in length. The price of a midsize yacht can vary greatly, with used models going around $200,000 while new ones can go up to a million dollars. They offer more space, better amenities, and improved performance compared to small yachts. Midsize yachts can also be classified as sailing yachts or motor yachts.

Large Yachts ($1,000,000 and up):

Large yachts typically range from 60 to 100 feet in length. These luxurious vessels come with a higher price tag, often costing multiple millions of dollars. Large yachts offer plenty of space for entertaining, as well as state-of-the-art technology and amenities. They come in both sailing and motor yacht varieties.

Superyachts ($10,000,000 and up):

Superyachts are the pinnacle of luxury and sophistication, typically measuring over 100 feet in length. They feature extravagant amenities, such as helipads, swimming pools, and even movie theaters. The price of a superyacht can be astronomical, at times exceeding $10 million or more.

Cost Factors for New and Used Yachts

When determining the cost of a yacht, whether new or used, several factors come into play. These include the age and condition , size and style, brand and model, and location and availability of the yacht.

Each of these factors plays a significant role in the overall cost, so understanding them can help buyers make an informed decision.

Age and Condition

The age of a yacht naturally impacts its price. A brand-new yacht typically commands a higher price than a used one. However, the condition of a used yacht can also greatly influence its value. A well-maintained, used yacht in excellent condition may be more expensive than a newer model with issues or wear and tear.

Size and Style

The size and style of the yacht also play a crucial role in determining the cost.

Generally, larger yachts come with a higher price tag. For example, the average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79 foot category was $1.18 million.

The style of the yacht, such as a sailboat, power catamaran, or luxury yacht, can have a significant effect on the price as well.

Brand and Model

The yacht's brand and model also contribute to its price. Some yacht brands are known for their luxury, craftsmanship, and performance, which can lead to a higher cost.

On the other hand, more affordable brands may offer similar amenities and functionality at a more budget-friendly price.

It's essential to research different yacht brands and models to find the one that best suits your preferences and budget.

Location and Availability

The location of the yacht, along with its availability in the market, can influence the overall cost.

In some regions, yacht prices may be higher due to factors such as demand, local taxes, or shipping costs. Additionally, if a specific model is in high demand or limited supply, its price may be elevated due to scarcity.

Initial Purchase Price

Buying New Vs. Pre-Owned

When considering the initial purchase price of a yacht, one of the first decisions a buyer faces is whether to buy a new or pre-owned yacht.

New yachts typically come with the latest technology, design, and customization options, but they also come at a higher price.

On the other hand, pre-owned yachts can be significantly more budget-friendly, but may require more maintenance and lack the latest features.

The average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79-foot category was $1.18 million. These prices can vary depending on whether the yacht is new or used.

The Buying Process

The process of buying a yacht typically involves researching the market, selecting the right size and type of yacht, identifying suitable yachts, negotiating the price, and completing the purchase.

Working with a professional yacht broker can be beneficial in streamlining this process for the buyer as they can provide expert guidance in selecting the right yacht to fit the buyer's needs and budget.

Costs to Consider

In addition to the initial purchase price, there are various other costs that should be taken into account when buying a yacht. These include:

• Insurance : Buyers should consider the cost of insuring the yacht. Insurance fees, among other factors, are influenced by the size and value of the yacht.
• Marina fees : Docking the yacht at a marina will incur fees, which can range from a few thousand dollars for smaller yachts to tens of thousands for larger ones.
• Maintenance : Maintenance costs can make up around 10% of the initial purchase price. For used yachts, be prepared to spend on essential repairs and upgrades as needed.
• Fuel : The cost of fuel is influenced by the yacht's size, engine type, and cruising frequency.

Operational and Maintenance Costs

Crew Expenses

One of the significant expenses associated with owning a yacht is paying the crew salaries .

The number of crew members and their respective positions will vary depending on the size and complexity of the yacht. For example, a 180-foot superyacht may have an annual crew expense of around $1.4 million.

It is essential to account for additional crew-related costs such as insurance, training, and uniforms.

Fuel and Propulsion

Another considerable aspect of yacht ownership is fuel costs. The amount of fuel consumption will largely depend on the yacht's size, propulsion system, and usage patterns.

For instance, a larger yacht may incur around $400,000 for fuel annually.

It is also worth considering the potential expenses for any necessary upgrades or maintenance of the propulsion systems to ensure optimal performance and efficiency.

Repairs and Upkeep

Maintaining the yacht's appearance and condition requires regular maintenance and repairs . These expenses can quickly add up. Annual maintenance costs for a superyacht could reach up to $1 million.

This includes expenses for cleaning, teak oils, wax, and polish to keep the yacht looking immaculate. It is often recommended to allocate around 10% of the yacht's value to cover annual maintenance costs.

Dockage and Storage

Mooring fees, marina fees, and storage are additional factors to consider when estimating the operational costs of a yacht. Dockage costs typically depend on the yacht’s size and the chosen location.

On average, a superyacht may have an annual dockage expense of around $350,000 .

Additional Ownership Costs

Yacht insurance is a significant cost that should be factored into your decision to buy a yacht. The cost of insurance can vary based on the size, type, and value of the yacht.

For example, a 180-foot superyacht may have insurance costs upwards of $240,000 per year .

Obtaining quotes from various providers is essential. Remember that rates can fluctuate based on factors such as the yacht's condition and the owner's boating experience.

Taxes and Registration

Owning a yacht also comes with local and federal taxes and registration fees. Tax rates can vary depending on the state or country where the boat is registered.

In the United States, some states have a sales tax for yacht purchase, while others have an annual personal property tax. Make sure to research the applicable taxes and registration fees in your area to include them in the overall cost of ownership.

Depreciation

Another factor to consider when purchasing a yacht is depreciation. Over time, the value of most yachts will decrease, much like automobiles.

The rate of depreciation may differ based on the yacht's make, model, and age. To account for this potential decrease in value, make sure to have a proper maintenance plan in place and be prepared for the potential resale-value drop.

Extra Amenities and Upgrades

Finally, extra amenities and upgrades can significantly impact the cost of owning a yacht. Additional features such as upgraded electronics, specialized navigation systems, enhanced entertainment systems, or custom interior finishes can add considerably to the base cost of ownership.

Also, consider ongoing costs associated with these amenities, such as maintenance, repairs, and replacements. Budgeting for these additional expenses is critical to ensure your enjoyment of the yacht without financial strain.

Real Cost of Yacht Ownership

Owning a yacht is a luxury many people dream of, but it comes with significant costs. This section will discuss the real cost of yacht ownership , looking at the rule of thumb for annual costs and investment considerations.

Rule of Thumb for Annual Costs

When estimating the cost of owning a yacht, a general rule of thumb is that annual costs will be around 10% of the initial purchase price. This includes expenses such as maintenance, fuel, insurance, and crew salaries.

For example, a 180-foot superyacht could have an annual budget of $1 million for maintenance, $400,000 for fuel, $240,000 for insurance, and $1.4 million for the crew.

Another example is a 50-foot yacht , which may have ongoing costs between $35,000 and $85,000 per year.

• Maintenance and Repairs: The cost of maintaining a yacht can range from $1,000 to over $1 million per year, depending on the size and complexity of the vessel.
• Dockage: Yacht owners should budget around $350,000 annually for marina fees.
• Fuel: Depending on the size and type of yacht, fuel expenses can be substantial, averaging around $400,000 per year for a large vessel.
• Insurance: Insurance premiums for yachts can range from a few thousand dollars to upwards of $240,000 per year.
• Crew Salaries: Crew salaries can account for the largest portion of yacht ownership costs. A large yacht may require a crew with an annual budget of $1.4 million.

Investment Considerations

When thinking of purchasing a yacht as an investment, potential owners should consider several factors.

Yachts depreciate in value over time, making them a less attractive investment compared to traditional assets such as stocks and real estate.

Additionally, the high cost of ownership may make yacht investment less viable for some individuals.

Keep in mind that while some owners charter their yachts to offset costs, this strategy may not fully cover annual expenses. Moreover, chartering exposes the yacht to additional wear and tear, which can result in higher maintenance costs.

Life on Board

Amenities and Comfort

Life on a yacht offers a unique blend of luxury and comfort. Yachts often come equipped with a variety of amenities to make living on board as enjoyable as possible.

One common feature is the cabin , which provides comfortable sleeping quarters and private spaces for relaxation. Some yacht cabins even have their own ensuite bathrooms for added convenience.

A well-designed galley is essential on a yacht, providing the space and facilities needed to prepare meals and store provisions.

Modern yacht galleys often come equipped with high-quality appliances and ample storage space to ensure a pleasant dining experience.

On larger yachts, additional amenities may include swimming pools , outdoor lounges, and spacious deck areas for sunbathing and relaxation. Some superyachts also feature helipads , allowing for easy access to transport and travel to and from the yacht.

Entertaining and Lifestyle

A yacht is not just a floating home, but also a platform for entertaining and socializing. The deck space on a yacht offers a fantastic setting for outdoor gatherings, while a well-appointed cabin cruiser can serve as an ideal venue for more intimate events.

Entertaining on a yacht often involves a range of activities, from casual get-togethers to formal dinners with friends, family, or business associates.

A key factor in this lifestyle is the yacht's finish – the quality of the materials, furnishings, and décor that contribute to an atmosphere of luxury and sophistication.

With such an array of amenities and entertainment options, life on a yacht combines the best aspects of comfort, luxury, and a captivating lifestyle.

Frequently Asked Questions

What is the price range for a small yacht?

Small yachts can cost anywhere from $100,000 to several hundred thousand dollars, depending on factors such as size, brand, age, and amenities.

On average, a new, small yacht may cost around $200,000, but prices can vary significantly based on the specific yacht .

What are typical rental costs for yachts of various sizes?

Rental costs for yachts can vary greatly depending on factors like size, type, and location.

Typically, smaller yachts can be rented for a few thousand dollars per day, while larger, luxury yachts may command tens of thousands of dollars per day.

Some yachts may also require a minimum rental period and may charge additional fees for things like fuel and crew.

What is the purchasing price for a luxury yacht?

Luxury yachts generally fall within the multi-million-dollar price range, with some costing tens of millions or even hundreds of millions of dollars.

The exact price of a luxury yacht depends on several factors, such as the yacht's features, size, customizations, and brand.

What is the cost associated with owning a 50-foot yacht?

The cost of owning a 50-foot yacht includes the purchase price, maintenance, insurance, docking fees, and fuel costs.

While the purchase price can vary greatly, annual costs can be estimated at approximately 10% of the yacht's value, which may include maintenance, repairs, insurance, docking fees, and other related expenses.

What are the expenses involved in buying a 100-foot yacht?

In addition to the purchase price, which can range from a few million to tens of millions of dollars, owning a 100-foot yacht incurs several ongoing costs.

These expenses include insurance, crew salaries, maintenance, docking fees, fuel, and provisions. It is important to budget for these costs, as they can add up to a significant amount each year.

What can one expect to pay for a 70-foot yacht?

The purchase price of a 70-foot yacht can range from several million dollars to well over $10 million, depending on factors such as age, brand, and features.

In addition to the initial purchase price, there will be ongoing costs such as insurance, maintenance, crew salaries, docking fees, and fuel, which need to be considered when budgeting for yacht ownership.

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Yacht Operating Cost Calculator

How much does it cost to operate a yacht? The cost of operating a yacht can vary significantly depending on factors such as size, type, location, maintenance, crew salaries, fuel consumption, and insurance. It could range from tens of thousands to millions of dollars per year.

What is the annual cost of owning a yacht? The annual cost of owning a yacht includes expenses like maintenance, insurance, dockage, crew salaries, fuel, and other operating costs. For larger yachts, the annual costs can easily reach hundreds of thousands or even millions of dollars.

How much does it cost to run and maintain a yacht? The cost of running and maintaining a yacht depends on various factors, including the size of the yacht, its age, the type of maintenance required, and the level of usage. Regular maintenance and repairs can be a significant ongoing expense.

How much does it cost to run a private yacht? The cost to run a private yacht can vary widely based on factors like size, fuel consumption, crew salaries, maintenance, and other operational expenses. It could range from tens of thousands to hundreds of thousands of dollars per year.

Can a yacht pay for itself? In some cases, yacht owners may charter their yachts to guests to offset some of the operating costs. This can help a yacht generate income, but it’s unlikely to fully cover all expenses and make a profit.

Is it profitable to own a yacht? Owning a yacht is generally not considered a profitable investment. While chartering the yacht to guests can generate some income, the overall expenses of owning and maintaining a yacht often outweigh the potential income.

Are yachts a good investment? Yachts are generally not considered good financial investments. They are luxury assets that come with high costs and depreciate over time. Yacht ownership is more about lifestyle and enjoyment rather than financial return.

How often do owners use their yachts? The frequency of yacht usage varies among owners. Some may use their yachts frequently, while others might only use them occasionally, like during vacations or special events.

What is the average yacht salary? The average salary of yacht crew members can vary based on their positions and experience. Captains, engineers, and senior crew members generally earn higher salaries compared to entry-level positions.

What is the average net worth of yacht owners? The net worth of yacht owners can vary significantly, but it is typically in the high millions or even billions for those who can afford to own large yachts.

How many miles does a yacht last? With proper maintenance, yachts can last for several decades. The lifespan of a yacht depends on the construction quality, materials used, and how well it is taken care of.

How many crew for a 100-foot yacht? A 100-foot yacht typically requires a crew of 3 to 5 members, including a captain, engineer, deckhands, and stewards/stewardesses, depending on the yacht’s operations and owner’s preferences.

Why are yachts limited to 12 guests? Yachts are often limited to 12 guests for safety reasons and to comply with maritime regulations. The number of guests is usually determined by the yacht’s size and safety equipment onboard.

Do private yacht owners tip their crew? Tipping practices can vary, but it is not uncommon for private yacht owners to give gratuities to their crew members for exceptional service.

Can you permanently live on a yacht? Some people choose to live on yachts as their primary residence. However, this lifestyle comes with unique challenges and considerations, including docking fees, maintenance, and access to essential services.

Do you have to pay taxes if you live on a yacht? The tax implications of living on a yacht can vary based on the yacht’s location, the owner’s residency, and other factors. It’s essential to consult with tax professionals to understand the specific tax obligations.

What tax breaks do you get for owning a yacht? Tax breaks for yacht ownership may vary depending on the country and its tax laws. Some countries offer tax incentives for yacht owners, such as reduced VAT rates for chartering or ownership.

Can you take a mortgage out on a yacht? Yes, it is possible to take out a mortgage on a yacht. Yacht financing is available through specialized lenders, similar to other types of asset financing.

Why do the rich buy yachts? For the wealthy, buying a yacht can be a status symbol and a way to indulge in a luxurious lifestyle. Yachts also offer privacy, freedom to travel, and the opportunity to entertain guests in a unique setting.

Do yachts go down in value? Yachts generally depreciate over time, like most luxury assets. However, the rate of depreciation can vary depending on factors such as maintenance, age, and market demand.

What is the point of buying a yacht? The main reasons for buying a yacht include leisure, travel, privacy, entertainment, and enjoying the luxury of the yachting lifestyle.

What are the disadvantages of a yacht? Disadvantages of yacht ownership include high operating costs, maintenance expenses, depreciation, limited usage, and the need for experienced crew.

How quickly do yachts depreciate? Yachts can depreciate quickly, especially during the first few years of ownership. Afterward, the rate of depreciation may slow down, depending on the market demand and condition of the yacht.

What time of year is best to buy a yacht? The best time to buy a yacht can vary based on the market and individual circumstances. Some owners prefer to sell in the offseason, while others might list yachts when demand is high.

How to make money with a yacht? Making money with a yacht can involve chartering it to guests, participating in regattas or events, offering filming locations, or using it for commercial purposes when not in personal use.

Is it cheaper to buy or build a yacht? Building a custom yacht can be more expensive than buying a pre-owned one. Buying a used yacht is generally more cost-effective, but it depends on individual preferences and requirements.

How does it feel to own a yacht? Owning a yacht can provide a sense of luxury, freedom, and exclusivity. However, it also comes with responsibilities and significant costs for maintenance and operations.

Do yacht owners sleep with crew? Relationships between yacht owners and crew members vary and depend on individual situations and personal boundaries. It is essential to maintain professionalism and respect onboard.

Where do rich people keep their yachts? Rich people keep their yachts in various places, including private marinas, superyacht berths, or while cruising in different regions around the world.

What is the average age of a yacht owner? The average age of yacht owners can vary, but many yacht owners tend to be in their 50s or older, as yacht ownership often requires significant financial resources.

How much does a captain make on a private yacht? The salary of a captain on a private yacht can vary based on the yacht’s size, the owner’s preferences, and the captain’s experience. It can range from tens of thousands to over $100,000 per year.

What is Captain Sandy’s salary? As of my knowledge cutoff in September 2021, Captain Sandy Yawn from the reality TV show “Below Deck Mediterranean” reportedly earns a salary of around $120,000 to $130,000 per charter season. However, salaries can change, and it’s always best to verify up-to-date information.

How much do yacht pilots get paid? Yacht pilot salaries can vary widely depending on their experience, the size of the yacht, and the owner’s preferences. Experienced yacht pilots can earn significant salaries.

How many yachts does Bill Gates own? As of my last knowledge update in September 2021, Bill Gates owns several yachts, including the 112-meter superyacht “Luminary” and a luxury yacht named “Aqua.”

Is it cheaper to live on a yacht? Living on a yacht can be cheaper than traditional homeownership in some cases, especially if the yacht owner travels frequently and avoids high-cost housing markets.

What is the largest yacht that doesn’t need a crew? There are some larger yachts, typically under 50 feet, designed for easy single-handed operation and may not require a dedicated crew.

What happens if a yacht runs out of fuel? If a yacht runs out of fuel, it can be stranded at sea until assistance arrives. Proper fuel management and planning are essential to avoid such situations.

Can you take your yacht anywhere? Yachts offer the freedom to travel to various destinations, but they are subject to maritime laws, regulations, and restrictions based on their flag state and the countries they visit.

How big is the gas tank on a yacht? The size of a yacht’s fuel tank varies widely depending on the yacht’s size and type. Larger yachts can have fuel tanks with capacities of thousands of gallons.

What size yacht requires a captain? The size of the yacht that requires a captain can vary based on local regulations and the owner’s preferences. In many regions, yachts over a certain length, such as 75 feet or more, require a licensed captain.

Can a 100-foot yacht cross the Atlantic? Yes, a 100-foot yacht can cross the Atlantic Ocean with proper planning, crew, and navigational equipment. Many yachts of this size are equipped for long-range cruising.

How much does a 100-foot yacht captain earn? The salary of a captain for a 100-foot yacht can vary based on experience, qualifications, and the owner’s preferences. It can range from tens of thousands to over $100,000 per year.

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The Real Cost of Buying & Owning a 50-Foot Yacht

A 50-foot yacht can be difficult to maneuver, especially in tight spaces and harsh weather, so you need to invest in proper training for yourself and your crew. You may also need to apply for special permits and licenses to operate in certain areas. These factors can add up quickly to the overall costs, so if you are determined to own a 50-foot yacht, here's the real cost of buying and owning one.

The total estimated upfront costs of buying a 50-foot yacht range from $458,000 to $692,000 and include the initial purchase price and other fees. There are also hidden costs that total $70,000–$300,000+ per year. For ongoing costs, the total estimated annual costs are $35,000–$85,000 per year.

Although costly, with proper budgeting, maintenance, and strategic planning, you can manage the costs of owning a yacht and still enjoy the lifestyle that comes with it. Let's look at some practical tips to help you manage the costs of owning a 50-foot yacht.

• A high-end luxury yacht may cost significantly more than a basic production yacht with standard features and finishes.
• A new yacht with low engine hours and minimal wear and tear may command a higher price than an older yacht.
• Hiring a surveyor can help you save money in the long run by identifying any potential problems before you purchase the yacht.
• Fuel costs can add up quickly, since a 50-foot yacht with twin diesel engines uses almost 20–30 gallons of fuel per hour.
• Winter storage can protect your yacht from the elements, and it can also add up to the overall cost of owning a yacht.

On this page:

Cost of buying & owning a 50-foot yacht, upfront costs of buying a 50-foot yacht, hidden costs of owning a 50-foot yacht, ongoing costs of owning a 50-foot yacht, tips for managing the costs of owning a 50-foot yacht.

When buying a 50-foot yacht, there are several costs to consider, such as upfront costs, hidden costs, and ongoing costs per year. Here's a rundown on the all-in cost:

In this section, we will break down these costs into sub-sections to give you a better idea of what you can expect.

The purchase price of a 50-foot yacht varies depending on the model

Different models of yachts may have different features, amenities, and capabilities, which can affect their value and appeal to buyers . A high-end luxury yacht with state-of-the-art technology, custom finishes, and top-of-the-line appliances may cost significantly more than a basic production yacht with standard features and finishes.

Similarly, a newer yacht with low engine hours and minimal wear and tear may command a higher price than an older yacht with more use and maintenance requirements. Yachts located in popular boating destinations or areas with high demand may be priced higher than those in less desirable locations.

Here are some examples of different yacht models, their amenities, and estimated prices:

Sales tax and registration fees

When you purchase a yacht, you will need to pay sales tax and registration fees. In some states, you may be able to avoid paying sales tax if you purchase the yacht in a different state and keep it there.

In Florida, the sales tax rate is 6% , but there is a cap of $18,000 on the amount of tax you will pay. So if you purchase a yacht for $500,000, you will only pay $18,000 in sales tax.

On the other hand, registration fees are the fees you need to pay to register your yacht with the state where you plan to operate it. The fees are typically used to fund marine programs, such as boating safety education, law enforcement, and conservation efforts.

Some states charge a flat fee, while others charge based on the length of the yacht. In some cases, the registration fees may also be based on the age or value of the yacht. These fees are typically renewed annually, and failure to renew your registration can result in penalties or fines.

Registration fees in Florida for a yacht over 110 feet in length can be as high as $4,000 per year. However, for a yacht under 16 feet in length, the registration fee is only $5 per year.

Survey and inspection costs

A survey and inspection is essentially a thorough examination of the yacht by a professional surveyor. The surveyor will inspect the vessel from top to bottom, looking for any issues or potential problems that could affect the yacht's seaworthiness or value. This includes checking the hull, deck, rigging, electrical systems, plumbing, and more.

For smaller yachts, the cost may be a few hundred dollars, while larger and more complex yachts could cost several thousand dollars.

By identifying any potential problems before you purchase the yacht, you can negotiate with the seller or even decide not to purchase the yacht altogether. In the long run, this can save you money and help ensure that you're making a sound investment.

Insurance and financing costs

Insurance rates can vary widely, but you can expect to pay a premium for coverage. The higher the value of the yacht, the higher the insurance premium will be.

As for financing, the interest rates for yacht loans are typically higher than those for home or car loans. This is because yachts are considered luxury items and are often seen as a higher-risk investment. The interest rate you'll be offered will depend on your credit score, income, and the amount of the loan you're seeking.

Aside from the upfront costs, there are also hidden costs beyond the initial purchase price. Here are some hidden costs you should be aware of:

Environmental and regulatory compliance

Owning a yacht also comes with environmental and regulatory compliance costs. You may need to pay for permits to dock your yacht in certain areas, or you may need to invest in equipment to comply with environmental regulations. These costs can add up quickly and may not be immediately apparent when you're considering purchasing a yacht.

Crew and staffing costs

If you plan to use your yacht frequently, you'll likely need to hire a crew to help you maintain and operate it. Crew and staffing costs can include salaries, benefits, and insurance, and can be a significant expense over time. Additionally, you may need to pay for crew training and certification , which can add to the overall cost of owning a yacht.

If you're looking for paid courses for your crew, here are 9 best sailing courses you might want to check out.

Costs of upgrades and customizations

While a 50-foot yacht may come equipped with many standard features, you may want to add additional amenities or customize the interior to your liking. These upgrades can be expensive and may not be covered by your initial purchase price.

Upgrades and customizations can range from relatively minor changes such as adding a new sound system or upgrading the navigation equipment, to more extensive modifications such as adding a new deck or completely redesigning the interior of the yacht. The cost of these upgrades will be based on the extent of the modifications and the materials and labor involved.

In this section, we will discuss the ongoing costs of owning a 50-foot yacht.

Maintenance and repair costs

Regular maintenance helps keep your yacht in good condition and prevents costly repairs. Some common maintenance and repair costs include:

• Engine maintenance
• Hull cleaning and painting
• Electrical and plumbing repairs
• Sail and rigging repairs: ( Here's an article on the cost of replacing a standing rigging )
• Interior and exterior cleaning

Docking and storage fees

Some common docking and storage fees include:

• Monthly slip rental fees: These fees cover the cost of renting a slip at a marina or dock for your yacht to be moored. Slip rental fees can range from a few hundred to several thousand dollars per month.
• Winter storage fees: During the off-season, many yacht owners choose to store their vessels on land to protect them from the elements. The cost of winter storage can range from a few hundred to several thousand dollars per season.
• Launch and haul-out fees: These fees cover the cost of launching your yacht into the water and hauling it out for maintenance or storage, and vary based on the location and the size of your yacht.
• Electricity and water fees: Many marinas charge additional fees for the use of electricity and water while your yacht is in the slip.

Fuel and operating costs

A 50-foot yacht typically has twin engines, which can be either gasoline or diesel. Diesel engines are generally more fuel-efficient and have a longer lifespan than gasoline engines, but they are also more expensive to purchase and maintain.

On average, a 50-foot yacht with twin diesel engines will use about 20-30 gallons of fuel per hour, while a gasoline-powered yacht will use about 40-50 gallons per hour.

Routine maintenance such as oil changes, filter replacements, and hull cleaning is part of the overall operating costs and will cost several thousand dollars per year. More significant repairs or upgrades, such as engine overhauls or electronics replacements, can cost tens of thousands of dollars.

Costs for insurance and maintenance reserves

Insurance can protect you from liability and damage to your yacht, while maintenance reserves can help cover unexpected repairs. Some common insurance and maintenance reserve costs include:

• Liability insurance
• Hull and machinery insurance
• Personal property insurance
• Emergency repairs and reserves

Here are some tips to help you manage the costs of owning a 50-foot yacht:

Create a budget and stick to it

Your budget should include all of the costs associated with owning and maintaining your yacht, including mooring fees, insurance, fuel, maintenance, and repairs. Try to plan for unexpected costs, such as emergency repairs or unexpected upgrades.

You should also plan ahead for seasonal expenses, such as winterizing your yacht when the boating season is over . By creating a budget and planning ahead, you can avoid surprises and ensure that you have the funds necessary to keep your yacht in top condition.

Do the basic maintenance and repairs by yourself

While there are some tasks that require a professional, such as engine repairs or electrical work, there are many things you can do yourself with a little knowledge and the right tools.

By doing your own maintenance and repairs, you can save money on labor costs and ensure that your yacht is always in top condition. You can also take pride in knowing that you are taking care of your investment and keeping it in great shape.

Consider sharing and chartering options

If you don't use your yacht all the time, you may want to consider sharing or chartering options as a way to offset the costs of ownership. Sharing your yacht with friends or family members can help split the costs of maintenance and repairs while chartering your yacht to others can help generate income.

There are many websites and companies that specialize in yacht sharing and chartering where you can find an option that works best for you. Just be sure to carefully vet anyone who will be using your yacht to ensure that they are responsible and will take good care of your investment.

Learn some selling and trading strategies

If you find that the costs of owning a 50-foot yacht are too high or you are ready to move on to something else, you may want to consider selling or trading your yacht. There are many strategies you can use to get the best price for your yacht, including working with a broker, advertising online, or attending boat shows.

If you are interested in trading your yacht for something else, perhaps carefully consider your options and work with a reputable dealer. By using these strategies, you can ensure that you get the best value for your investment and can move on to your next adventure with confidence.

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How Much Does a Yacht Cost to Build?

The cost to build the world's largest superyachts is a closely guarded secret.

By Kim Ayling

The freedom that comes with owning your own yacht is unrivaled and, if you have the funds to do so, the joy of building your own is even better. However, with prices easily creeping up into the hundreds of millions, and even billions, we ask the all-important question: how much does a yacht cost to build?

Unsurprisingly, the total cost to build the world’s most famous yachts is a closely guarded secret, but there are a few fairly reliable estimations sailing around the industry. One standard way to work out how much a yacht will cost to build is price per gross weight. However, while this can be a helpful guide in valuing yachts, it doesn’t always correlate.

For example, it is thought that Lurssen’s 590-ft Azzam , which features a bulletproof owner’s cabin, an onboard golf practice suite and a submarine, cost in the region of $600m to build. At approximately 13,136 gross tons (GT), that would have made her around $45,676 per GT.

REV , on the other hand, which while still in construction is set to surpass Azzam as the largest yacht in the world at an impressive 602ft, is estimated to be costing around $350m to build. Her weight is thought to be around 17,440 GT, putting her at $20,069 per GT. Clearly, biggest doesn’t always mean most expensive. So what does affect the cost of a yacht build?

[See also: How Much Does it Cost to Charter a Yacht?]

REV is thought to be costing around $350m / ©REV Ocean

Custom vs pre-designed yachts

Firstly, you need to decide the kind of yacht you want: custom or pre-design. Naturally, a custom yacht build will be more expensive. But, for that extra cost, you will get full control over the design, the finish and everything in between.

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A pre-designed yacht on the other hand will save you both money and time. This category of yacht is built based on an existing model, with finishing touches such as interiors, tenders and layout completed when she’s bought. Obviously, this leaves owners with a lot less freedom over their yacht, but it is considerably cheaper and can be delivered in a matter of months instead of years.

Choosing a yacht builder

The world of shipbuilding is dominated by a few key players. For a fully custom build, the likes of Lurssen, Feadship, Oceanco and Royal Huisman (among several others) rule the roost. With builders like this, you can expect to pay a higher price, but for that, you’ll receive years of experience, industry prestige, and cutting-edge technology and techniques.

The most prestigious shipyards will also inevitably have the most skilled team. The team involved in building a yacht is, to put it simply, vast. From start to finish, hundreds of pairs of hands will be involved in the process, with the key players including a yacht designer (interior and exterior), a naval architect and an engineer, as well as a huge team of skilled laborers. There will also be an owner representative working closely with the shipbuilder to ensure the project is delivered in time and to the buyer’s exacting standards.

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The cost of your yacht build will of course include the wages of each of the experienced people involved in making it, so if you want the best, expect to pay for it.

[See also: Discovering the World’s Most Exciting Superyacht Concepts]

Viva by Dutch shipyard Feadship / ©Feadship

What affects the cost of building a yacht?

Naturally, a huge variety of factors will impact the total cost of building a yacht. Size is of course one of the main considerations, but materials are another key factor that will dramatically impact cost. Aluminum, for example, is favored for being an impressively lightweight hull material but ton for ton, it is far more expensive than steel.

Onboard technology will also see the final cost creep up rapidly. Demand for smart yacht technology, for example, is continuing to grow, with more owners wanting to replicate the ease of voice control tools that they enjoy in their home, onboard their yacht.

And things that we might take for granted on land such as high-speed WiFi become more complicated – and more expensive – on the water. Kitting your yacht out with a satellite dish can set you back anywhere up to $50,000 which while doesn’t sound much in the grand scheme of a multi-million-dollar ship build, is just one of many hidden costs.

How much do yacht toys and tenders cost?

The yacht itself is just the start of the story when it comes to working out costs. On top of the build, potential owners will need to kit out their boat with all the latest toys and tenders – from submarines to helicopters – which can add a serious amount to your total.

For example, a self-drive submersible by Triton Submarines , which will allow owners to see the underwater world in a completely new way, will start at around $15m. Similarly, while you can pick up a low-grade, second-hand tender for a few thousand dollars, a top-of-the-range option will easily creep into the millions.

Ultimately, the only way to work out exactly how much a yacht will cost to build is to make a serious inquiry with a broker, who will be able to connect you with a yacht builder. From here, you can collaboratively work together to ascertain your budget and exactly how much your perfect yacht will cost.

[See also: The Most Innovative Yachts of the 21st Century]

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

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How much does a boat cost to purchase and own?

Images by GettyImages; Illustration by Hunter Newton/Bankrate

Key takeaways

• A boat from the last 10 years of models costs an average of $47,000, while basic models can run around $1,000 or less and yachts can go into the millions of dollars.
• Annual maintenance for the boat costs 10 percent of the boat price on average, but you’ll also have to consider other costs like insurance, storage/mooring, fuel, registration and repairs, as some examples.
• Make sure to choose the boat that works for your budget, usage needs and lifestyle.
• You can find financing through boat, personal or dealership loans.

If you love cruising the open waters, fishing or just docking-and-dining, buying a boat may seem like a great idea. While boat costs vary significantly, you can expect to pay anywhere from $15,000 to $75,000 for the average new vessel, and upwards of $100,000 for a more luxurious model.

Taking out a boat loan can make it easier for you to finance your purchase. However, there is more to the cost of owning a boat than the initial price tag. You must also consider the maintenance costs, boat insurance, fuel costs and potential taxes.

How much does a boat cost?

Boat prices can vary widely depending on if it’s new or what used condition it is in. The type of boat can also affect price drastically. Plus, market conditions can affect boat pricing, much like cars.

For instance, according to J.D. Power , the average retail price of the previous 10 model years for outboard boats was about $47,000 at the end of 2023. At the end of 2021, it was about $53,500. Meanwhile, the last ten model years for inboard boats saw an average price of about $350,000 at the end of 2023, down about $20,000 from two years prior.

How does the type of boat I get impact costs?

The cost of owning a boat differs widely depending on type. For instance, a larger boat will naturally have higher fuel costs to run. Storing a larger boat may also be more complex and costly.

The more expensive and feature-heavy your boat, the more it will cost to insure it. For instance, Nationwide states that faster boats often cost more to insure due to the increased risk. The length, age and type of the boat can also affect how much insurance the boat needs. Your insurance can even be dependent on where you use the boat. Lakes, bays, oceans and rivers all present different safety risks.

Further, a larger and more technologically complex boat could mean higher maintenance and repair costs. There are simply more parts that could break.

Bigger and more expensive boats may also require larger loans and longer loan terms to afford. You will pay more in interest to finance the boat in the long run.

Average boat prices in 2024

Jon boats are among the most cost-effective boat models, while yachts and catamarans are among the most expensive ones.

Affording a boat

The best time to buy a boat is typically in the fall. Most manufacturers start advertising discounts in September or October and continue to do so into the winter months. Purchasing your boat during the off-season could help you cut costs significantly and take on less or no debt.

Even if you find a boat at a discounted price or buy the boat used , you may need help financing it. After all, midsized boats often cost around $30,000, which isn’t exactly pocket change. If you need to borrow money to cover the cost of your boat, there are several options.

The most popular ways to finance your boat are through a boat loan, a personal loan or financing through a dealership.

• Boat loan: These personal loans are designed specifically with purchasing a boat in mind. They typically come with fixed rates so you make the same boat loan payment each month and may use the boat itself as collateral if the loan is secured.
• Personal loan : These fixed-rate installment loans can be used for any purpose, including purchasing a boat. Personal loans tend to be unsecured, so you may not have to use the boat as collateral.
• Dealership loan : These are boat loans that are offered right through a dealership and are convenient because you don’t have to choose your own boat loan lender . However, they may have higher rates , longer terms and require a larger down payment.

Other boat costs to consider

When you buy a boat, you have to consider boat costs like maintenance, potential repairs and the cost of fueling and operating a boat.

Additional costs associated with boat ownership include the cost of storing your boat, the cost of a trailer, safety necessities and miscellaneous items such as water sports equipment.

Boat maintenance and repair costs

Typically, annual boat maintenance costs about 10 percent of the cost of the boat itself. For example, a boat that cost $20,000 to purchase would cost roughly $2,000 a year to maintain.

Examples of typical boat maintenance include:

• Painting the hull.
• Cleaning the deck.
• Replacing broken or worn down parts.
• Winterizing the boat to protect it from the elements during the off-season.

Like cars, boats require regular maintenance to reduce wear and tear.

Fuel and operating costs

You must also consider fuel costs, especially if you have a larger boat. Smaller boats typically just take regular or premium gasoline, while larger vessels may require diesel, which is more expensive.

You can avoid fuel costs if you get a sailboat, which is entirely wind-powered, but most other boats require fuel. You should research the fuel needs of the boat you want to buy before making a purchase.

Additional operating costs for a boat include oil changes, batteries, a pump and lights. Just like a vehicle, these elements should be checked and replaced regularly.

Boat insurance, taxes, certifications and registrations

When you buy a boat, you also have to get boat insurance, get your boat registered and potentially get certified to drive it, depending on the state you live in. Some states also charge boat taxes, so research your local requirements before buying a boat.Here is a breakdown of these costs:

• Boat insurance: It typically costs around 1 to 5 percent of the boat’s value. So, using the example above, the average annual cost of insurance for a $20,000 boat would be between $200 and $1,000 a year.
• Boat taxes: They are required in some states. If your state charges a boat tax, you will have to pay it once a year. There may also be a one-time sales tax when you purchase.
• Certifications and registration: Depending on state requirements, you may need to pay for boat registration, including annual renewal. Your state may also require that you take safety certification courses to operate the boat.

Boating classes

In addition to the certification courses your state may require, you can take a wide variety of boating classes. Formal training with your boat may help lower your insurance payments, but you will also have to budget for course fees. It can be a good investment. Knowing as much as possible about using the boat helps keep you or anyone you take on the boat safe.

If you take boating safety courses through your state or the federal government, fees often range from about $10 to $40 per class.

Beyond introductory and basic safety courses, you might also look into specialized training. You can find courses on navigation, GPS use or waterfowl hunting safety. You might also need specialized training based on the type of boat you get, such as a sailing course if you get a sailboat.

Specialized boating courses might range from $45 from a single-day, online course to far more for a curriculum that’s weeks long. There is also the option for private courses that can happen right on your own boat, but these can run around $500 for a few hours.

Storage and mooring

An important but often overlooked element of owning a boat is properly storing it. Most people do not use their boat year-round, and you have to have somewhere to store your boat during the winter months.

There are a variety of boat storage options . Indoor storage is more expensive because it offers tighter security and you do not have to worry about winterizing the boat to protect it from the elements. Outdoor storage is more cost-effective and can be more convenient in certain climates, but since your boat will be exposed, you’ll likely spend more on maintenance to keep it in good shape.

Storing your boat in your garage or driveway is likely the cheapest option. However, you will likely have to buy a trailer and winterize the boat. Note that Homeowners Associations sometimes have rules about parking boats in driveways, so make sure you are allowed to do so before settling on this option.

Here is a pricing breakdown of the most common boat storage options:

Necessities

In order to get your boat to the water, you need to have a boat trailer and a vehicle that can tow it, such as a truck. These costs can vary depending on the size of your boat.

A boat trailer can range from $700 to over $10,000. In addition to a trailer and a towing vehicle, you must invest in your boat’s required safety equipment. These include:

• A fire extinguisher.
• Enough life jackets for every passenger.
• A flotation device.
• A visual signaling device.
• A sound signaling device.

The exact safety equipment you need can vary by state, but these are the basics.

Having a medical kit and flashlight is also a good idea. Depending on the size of your boat, you may want paddles on board in case your engine quits.

Additional cost considerations

Once you buy your boat, there will inevitably be accessories you want to splurge on that aren’t strictly required.

You may want to invest in water sports equipment, dry bags to keep your valuables safe, waterproof electronics, fishing equipment or other items that make boating more pleasurable. Before shopping, set a budget to limit your spending.

Tips for saving money on boat costs

If you really want to spend your weekends out on the water but don’t have the funds for luxury boating, there are some ways you can reduce boat costs:

• If you find yourself strapped for cash, consider a smaller boat like a jon boat, fishing boat or speedboat.
• To reduce the cost of owning a boat, consider buying a used boat in good condition. For instance, a new current-year Tahoe T16 bowrider is about $27,000. The same model a few years older is about $19,000.
• Buy the boat off-season in fall or winter.
• If you’re taking out a loan, shop around for the best rates, even if that means not taking the loan from the dealership.
• You can also avoid paying interest on a loan by saving for the boat. It’s a luxury purchase and not an emergency. Some split the cost with friends or family and share the boat.
• Use your local state programs for courses and certifications. They tend to be much more affordable than private lessons.
• Work with your insurance for any discounts, such as getting better rates if you take a boater safety course. A clean boating record can mean cheaper insurance. Choose the types of coverage, limits and deductibles that make sense for your boat and budget.
• If you can, store the boat somewhere on your own property to save on marina or storage fees.
• Keep up on regular boat maintenance and care to reduce the risk of costly repairs.
• Consider fuel costs. Larger boats may need more expensive diesel fuel. If you want to really save on fuel, opt for a sailboat.
• See if you can get boat accessories and equipment, such as trailers, used and in good condition or on sale.
• Renting a boat can get you out on the water without the added costs of storage and upkeep.

The bottom line

Buying a boat is an exciting adventure, but it is also costly and time-consuming. There are so many extra boat costs beyond the buying price. You must stay on top of maintenance and repairs to keep your investment ship-shape.

Before buying a boat, consider all these costs and write a cost estimate/yearly budget. It is important to ensure you can handle all of the costs associated with having a boat before buying one.

Choosing a financing option like a boat loan, personal loan, or dealership financing could help you plan some of the costs. However, you can avoid taking out a loan by saving up instead, buying a used boat for a lesser cost or splitting the cost and sharing the boat with a trusted friend or family member. You might also look into renting a boat if owning a boat is too expensive.

Whichever option you choose, make sure that you do your research and come up with a plan before making any decisions.

Billionaires like Jeff Bezos and Mark Zuckerberg spend six figures a year maintaining their superyachts. Here's how.

• Superyachts  are one of the most expensive assets money can buy.
• The true cost of ownership is even more, adding up to millions a year.
• Here's how much it costs to own a superyacht — and what that money is going toward.

Financial advisors are quick to warn prospective owners that a boat is nothing more than a hole in the water in which to throw money. When it comes to superyachts , you'd better have bags and bags of cash.

As one luxury agent told Business Insider at the Palm Beach International Boat Show: "Buying a boat, it's a huge purchase — and nobody needs a yacht."

A superyacht, generally over 30 meters long, is one of the most expensive assets money can buy, with the largest costing more than a lot of real estate or a private jet. Billionaires like Jeff Bezos, Mark Zuckerberg, and Steve Jobs each spent nine figures on their megayachts.

That doesn't include operating costs. Owners should expect to pay about 10% of a yacht's new-build price each year, experts told Business Insider. That's tens of millions of dollars annually for the most luxurious boats.

"It's a small-to-medium-sized business in its own right," said Jeffrey Beneville, a senior vice president at insurance company NFP, where he specializes in consulting clients about yachts.

Unlike many smaller boats, superyachts need staff, not just a captain. Some superyachts have space for dozens of crewmembers , including a chef, engineer, and masseuse for the guests onboard. Each gets an annual salary — the highest-ranking members earn six figures — and benefits. Eric Schmidt's yacht fits a crew of 28 for a ratio of about two crewmembers per guest.

Then there's fuel, dockage fees, routine maintenance, and insurance. The latter hinges on everything from the reputation of a yacht's shipyard to where an owner wants to take it (if a vessel is taking frequent trips to the South China Sea, for example, expect to pay a higher premium). If a superyacht has a support yacht — or a support superyacht, in Bezos ' case — expect to pay another 10% of that boat's price annually.

"The cost to maintain a yacht is so high that they just think that money's getting lit on fire," Matthew Fleissig, the CEO of wealth management firm Pathstone, told BI of his clients who choose to charter rather than own.

One of his firm's clients who does own has a 23-meter yacht valued at $5.2 million. The annual cost to staff, maintain, dock, and insure the boat is $346,297, according to documentation provided to BI. The lion's share is spent on marina fees ($95,970) and maintenance work ($88,408.) While not exactly a Sunfish, that boat is too small to count as a superyacht.

At 106 meters, the Amadea, owned by a sanctioned Russian oligarch , definitely does. The $300 million yacht, which was seized in 2022 and is docked in San Diego, cost $922,000 a month to maintain, a court filing showed: $360,000 for crew salaries, $75,000 for fuel, $144,000 for insurance, $178,000 in dry-docking fees, and $165,000 for maintenance, waste removal, food for the crew, and miscellaneous expenses.

"And that's an inactive yacht that's in the water," NFP's Beneville said.

If it were operational and carrying guests, the costs would be about twice that, or between $20 million and $30 million a year, he added.

Of course, it makes more financial sense for the non-obsessives to charter, and many of Fleissig's clients do. And some owners choose to offer their yachts for charter — the most luxurious cost as much as $1 million a week — to offset the costs.

"If you charter the boat for 50 days a year, it's going to help a lot," Anders Kurtén, the CEO of brokerage firm Fraser Yachts, told BI.

Then again, the running costs don't matter as much at a certain point. "If you're worth $30 billion, it's nothing. And if you're worth $117 billion — and these are the guys we're talking about — they're in it as long as it's still enjoyable for them," Beneville said. "It's not a money thing."

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