new yachts under 1 million

Luxury & Performance: 5 Motor Yachts Under $1 Million Ready for Adventure on the Water.

Jun 23, 2023

Luxury yachts are every seafarer’s dream, but they don't have to remain a dream. With careful planning and research, you can find a luxury yacht that fits your lifestyle. Here are 5 luxury yachts under $1 million available right now:

1. D’PADRON - 2013 AZIMUT 58 FT FOR SALE (pictured above)

The D’PADRON is a sleek and stylish yacht that offers the ideal blend of luxury and comfort. This 58-foot Azimut boasts state-of-the-art amenities, including an open salon, a fully equipped galley, and three comfortable staterooms, and the flybridge offers a relaxing and spacious outdoor area that can seat up to 10 guests. The D’PADRON is priced at $849,000, making it an excellent choice for those looking for a high-quality yacht to begin their nautical adventures.

2. SATISFIED - 2008 SEA RAY 60 FT FOR SALE

SATISFIED is an elegantly designed and well-equipped 60-foot Sea Ray yacht with plush interiors and impressive performance capabilities. With its three luxurious staterooms, spacious salon, and well-equipped galley, this yacht is perfect for family getaways and weekend outings. Additionally, the vessel comes with a hydraulic swim platform, tender garage, and fully equipped flybridge, for the ultimate luxury yachting experience. You can purchase this stunning yacht now for $849,000.

3. COCONUTS - 2022 TIARA YACHTS 38 FT FOR SALE

With its innovative design and excellent performance, COCONUTS is a splendid 38-foot vessel from Tiara Yachts. The vessel offers a spacious layout, including a cozy salon, a fully equipped galley, and two comfortable staterooms. The outdoor experience is equally impressive, with a large cockpit and sun pad perfect for soaking up some rays. This stunning yacht can be yours for $765,000.

4. ANDI LYNN - 2019 INTREPID 40 FT FOR SALE

Last on our list is the ANDI LYNN, a 2019 Intrepid 40-foot center console yacht that offers both luxury and performance. This yacht has a modern, sporty look and comes equipped with a spacious cockpit, comfortable seating, a fully equipped galley, and a cozy salon. The vessel's performance capabilities are also remarkable, thanks to fast and reliable outboard engines. You can purchase this stunning yacht for $665,000.

5. JOURNEY - 2016 TIARA YACHTS 45 FT FOR SALE

JOURNEY is a 45-foot flybridge from Tiara Yachts that oozes luxury and elegance. Launched in 2016, this yacht is well-appointed with a spacious salon, fully equipped galley, and two comfortable staterooms. With ample indoor and outdoor seating options, the yacht's flybridge deck sports a wet bar, grill, and comfortable seating. You can purchase this sports yacht today for $735,000.

These yachts offer a range of options for individuals looking to enter the world of luxury yacht ownership. Each provides an exceptional experience by combining state-of-the-art amenities with the comfort of being on the water. Owning these high-quality yachts would be a dream come true for any nautical enthusiast.

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10 Small Superyachts That Offer Supersized Interiors

These sub-100-footers combine broad beams with unconventional interiors to create the space of superyachts that are sometimes twice as long., howard walker, howard walker's most recent stories.

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For many yacht owners, the solution to finding more space aboard for friends and family is summed up by that immortal line by Chief Brody in Jaws : “You’re gonna need a bigger boat.”

Until now, bigger has typically meant longer. But that’s quickly changing as more and more builders are creating interior volume by going wider and taller. For disrupter builder Wally Yachts and its polarizing new Wallywhy 150—which refers to its internal volume rather than the boat’s length—the quirky design is said to deliver 50 percent more space than more traditional 78-footers.

Other builders like Princess have been in the game since 2021. Its X95 first appeared several years ago, effectively throwing down the gauntlet as a way forward for sub-100-foot yachts to supersize both interior and exterior volumes.

Since then, many other builders of small superyachts have jumped on board, with designs that typically have somewhat bloated profiles, far-forward main suites, and open transoms—features all designed to maximize space but minimize length.

Here are 10 new yachts 100 feet and under that are breaking the mold in an attempt to dominate the nautical space race.

wallywhy150

It’s no wonder that disrupter Italian builder Wally—now part of the Ferretti Group—calls its latest head-turner a “spaceship.” Claiming up to 50 percent more space than comparable 78-footers, the 150 (named after interior volume rather than length) has standout features like a main salon with over eight feet of headroom, and a beam of more than 22 feet. The pragmatic design includes a one-level main deck attached to an open rear cockpit that offers easy access to the water. Its most noteworthy feature is the rule-breaking, full-beam master suite tucked into the bow on the main deck. It has wraparound glass—stretching all the way around the bow—for panorama-like views from the main bedroom. Priced from about $6.7 million.

Lazzara UHV 87

Short for Ultra High Volume, this new Turkish-built pocket superyacht is a sistership to Lazzara’s UHV 100 and 125 models. The newest Lazzara boasts an impressive 2,153 square feet of interior space in its 87-foot length. Arguably, the boat is not pretty in a classic sense. The towering hull sides, blunt, plumb bow, and dark-tinted glass make it look more like a dinner cruiser than a mini-superyacht. But the interior space is astonishing, from the cavernous Sky Lounge, with its floor-to-ceiling windows, to the salon with a separate, chandelier-lit dining area and chef’s galley. With a fuel capacity of 3,000 gals, the twin 1,000 hp Volvo D13s deliver a top speed of 16 knots. The boat also has transatlantic range. Base price starts at about $10.9 million.

Sunseeker 100 Yacht

Movie nights under the stars should have a whole new appeal aboard UK builder Sunseeker’s brand-new 98-footer. Lie back on the yacht’s extra-wide foredeck sunpad and watch the latest blockbuster on a 140-inch screen with laser projection. Or, if you’re the lucky owner, stargaze from your private terrace tucked away in the bow, just steps from the full-beam main-deck master suite, with atrium-style glass sliding doors. One of the best innovations here is the wide, uninterrupted walkway around the entire top deck, which provides safe, easy access from the flybridge to the forward entertaining space. With its twin 2,600 hp V16 MTU diesels, top speed is an impressive 29 knots. Priced from about $10.5 million.

Azimut Grande 26M

For its brand-new Grande 26M compact superyacht, Italian builder Azimut has gone extra wide to create massive interior and exterior spaces. Spatial highlights include a full-width flybridge that’s almost 20 feet across and close to 40 feet long, and a foredeck entertaining area that seems more like an outdoor patio. The Alberto Mancini-styled go-fast cruiser is crammed with space-enhancing innovations, such as a teak-decked garage door that, at the touch of a button, hinges upwards to extend the rear cockpit by almost five feet. New ZF pod drives coupled to the yacht’s twin 1,650 hp MAN V12 diesels also save space. It is priced from about $6.2 million.

Princess X95

As we said during our 2021 tour of Britain’s Princess Yachts’ tri-deck X95 “When it comes to the polarizing, head-spinning design, there are no half-measures, no in-betweens. You either love it. Or loathe it.” But what those eye-popping lines hide is perhaps the most spacious 95-foot luxury cruiser in the category. Reckoned to be some 40 percent roomier than cruisers with the same length, the X95 has stretch-out accommodations for up to 10 in five cabins and living spaces that rival most apartments. The flybridge covers almost the entire length of the yacht. The 100 is also fast, with twin 1,990 hp MAN V12s delivering a top speed of 23 knots. Prices start at about $12 million.

Extra X96 Triplex

This broad-beamed 96-footer is from the Italian builder Extra Yachts, which is part of the Palumbo Superyachts Group. While it’s called the Triplex, there are actually four levels if you include the cozy upper sundeck with its outdoor kitchen, dining area, and oversized sunpads. The exterior comes courtesy of Italian designer Francesco Guida, while interiors are by Milan-based Hot Labs. Both teams have made the most of the yacht’s class-leading 25-foot beam. Notable features include a vast full-beam master on the main level and an upper salon dedicated entirely to dining, with a table for 10, an open chef’s galley, and an adjoining outdoor bar. Twin Volvo IPS1350s deliver a 16.5-knot top speed. Priced from $12 million.

Sunreef 100

This Sunreef power catamaran’s beam spans a staggering 44 feet, offering the kind of interior and exterior spaces you only get with superyachts twice the length. Every element of the yacht is XXL-size—from the massive hydraulic swim platform to the full-width flybridge that covers almost 1,000 square feet. Down in the salon is a huge 11-seat U-shaped bar that would delight any mixologist. The five staterooms in the twin hulls have space for 10. A pair of 1,300 hp MAN V8 diesels delivers a six-knot top speed. It is priced from about $15.3 million.

Absolute Navetta 75

In Italian, the word “navetta” translates to “little ship.” Which is a perfect description for Absolute’s new 75-foot fast cruiser. It’s an evolution of the strong-selling Navetta 73 but with nearly two feet of extra length. The yacht’s expansive interior volumes will remain the same, with features like a forward master stateroom on its own level that has a private entrance steps away from the main salon. The salon features floor-to-ceiling glass, with full views of the water, courtesy of open bulwarks. Twin 1,000 hp Volvo IPS1350 diesels deliver a top speed of 25 knots. Pricing starts at about $4 million.

Arcadia A96

Cross a spacious Miami high-rise penthouse with a Canyon Ranch spa and the result could be this new 96-foot superyacht from Italian builder Arcadia. Boasting a remarkable 4,300 square feet of total living space, there’s room for 12 guests and five crew. And the living spaces even expand, courtesy of fold-down terraces in the main salon and on the rear deck. But the yacht’s focus on wellness and healthy living sets it apart. That expansive, teak-decked foredeck, spanning over 500 square feet, is perfect for yoga sessions or meditation, while the cockpit and beach club offer another 1,000 square feet of social space. For extra peace and quiet at anchor, solar panels can provide up to nine hours of generator-free power.

Numarine 26XP Fast

Think of it as offering pace, with space. Turkish yard Numarine has been building its bold 85-foot 26XP explorer style mini-superyacht since 2018, but later this year, it will launch the U.S.-focused 26XP Fast. Instead of slow-churning 435 hp diesels and nine-knot cruising, it’s bolting-in a pair of mighty 1,800 hp MAN V12s and modifying the hull to deliver a top speed of 31 knots. What hasn’t changed is the XP’s cavernous interior and expensive deck space. Take the top-deck flybridge which, thanks to the yacht’s 21-foot beam and far-forward helm, spans over 700 square feet. That space will include a dining table for eight, a full outdoor kitchen, and more lounges than a Saint-Tropez beach bar. Prices start from $6.95 million.

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Yacht Buyer's Guide 2024

2024 brings in a new season of boating, new models, cool gadgets, and great opportunities for you to live the yachting lifestyle to the fullest. Innovations in design, coupled with some of the coolest toys and equipment, allow you to enjoy your free time on the water like never before. From anglers looking for a little extra edge against the competition, to cruisers wanting to extend their adventure a few more weeks, the future of boating is happening right before our eyes.

At SI Yachts, we have been helping people into the perfect boat for them since 1964. Not only do we carry the top manufacturers in the industry, we have expert sales professionals that have been doing this for decades, many with lifelong customers. If you're considering buying a yacht this year, whether its your very first boat or your 20th, please contact us today at [email protected] or one of our yacht sales locations , and one of our team members can begin discussing your plans for hitting the water this year!

Our recommendations when buying a yacht in 2024:

RECOMMENDED NEW YACHT OVER 80 FEET: PRINCESS Y80

At just under 84-feet in total length, the new Princess Y80 allows you to experience the exceptional standard that has become synonymous with the Princess Yachts shipyard. The Y80 will make its North American debut at the 2024 Miami International Boat Show and has been nominated in the 'Best New Series' Category at the 2024 Boat International Design & Innovation Awards. The Princess Y80 can achieve up to 33 knots and comfortably accommodate up to 8 guests on board for the ultimate sophisticated yachting experience.

The Princess S80 will also make its debut in the fall of 2024 and will replace it very popular predecessor, the S78 .

RECOMMENDED NEW YACHT OVER 65 FEET: ABSOLUTE NAVETTA 70 & PARDO P75

The Absolute Yachts Navetta series has been wildly popular thanks to its long-range cruising performance that is more efficient than its competition in the luxury flybridge category. The new Navetta 70 will debut in 2024 and will have accommodations for up to 8 guests, plus a generously sized crew quarters. As with its siblings in the range, the Navetta 70 features massive windows throughout the salon and lower decks, along with creatively designed exterior social areas. All of the new Absolute models feature moveable furniture for the owner to be able to create the perfect arrangement for their needs on the flybridge.

The latest Pardo Yachts model to be announced in the walk-around range is the P75, a luxurious vessel characterized by the expansive cockpit and deep stern swim platform that can be used to launch water toys. Notable features on the Pardo P75 includes multiple lounge areas, fold-down terraces port and starboard, a carbon fiber T-top, and incredibly comfortable accommodations. Standard power on the P75 features three Volvo Penta D12 IPS 1050 engines IPS 1350 also an option) for a top speed of 36 knots.

RECOMMENDED NEW YACHT OVER 50 FEET: ABSOLUTE 52 FLY & PRESTIGE F4

While the Absolute 52 FLY (above) technically made its debut in 2023, inventory for 2024 has just started to enter the U.S. market. This stunning yacht features a ground-breaking new design that allows for significant volume throughout each space, larger windows on each deck, and small, innovative details that enhance your view of the ocean no matter where you sit. The 52 FLY has quickly become a trend-setter in the sub-55 foot luxury yacht category.

The new Prestige F4 will make its North American debut in 2024 and will be the newest model of the F-line series. Taking over for the previous Flybridge series, the new F-series features a new hull shape with beautiful lines, a newly redesigned 'Ocean View' galley, a new position for the owner's suite, and a fresh set of high-quality finishes through the yacht. Owners will have an advanced set of information and controls through Volvo IPS, Ship Control, Seanapps, Seakeeper stabilization, and Garmin Surround View.

RECOMMENDED NEW SPORTFISHING YACHT: VIKING 90 CONVERTIBLE

The SI Yachts team just successfully delivered a Viking 90 Enclosed Bridge and now we are turning our attention to the 90 Convertible , which first made its debut at the Fort Lauderdale Boat Show. Viking's focus with the new 90 was on speed, performance, and amazing interior comfort. The 90C is a complete battlewagon on the outside and a luxury cruising yacht inside, complete with accommodations for up to 10 guests with a crew quarters. The fighting cockpit is a serious 224 square feet and features a 203- gallon transom fishbox/livewell. With close proximity to the Viking shipyard, our team can offer unparalleled service throughout your new build process.

RECOMMENDED NEW CENTER-CONSOLE: VALHALLA BOATS V-28 BAY BOAT

Whether you're looking for a center-console tender for your larger sportfishing yacht or simply love inshore/nearshore fishing, the Valhalla V-28 Bay will undoubtedly impress. This will be the smallest Viking-built center-console in the Valhalla Boatworks range, but it has big boy features. The V-28 can be powered with up to 450HP, either Mercury or Yamaha depending on your taste in engines. There are dual 25-gallon livewells in the deck of the casting platform, optional live wells that can be added for a total of 120 gallon capacity, and dual in-deck fish boxes.

RECOMMENDED NEW POWER CATAMARAN: PRESTIGE M8

Power catamarans are one of the fastest growing segments when it comes to different types of yachts being designed. They have become popular for their stability, their excellent fuel efficiency, and enormous space on board. Now, the Prestige M8 will take center stage in the battle for supreme power cat designs. The M8 boasts a 350 nautical mile range and incorporates exceptional socializing areas thanks to the 30-foot beam.

WHAT ARE THE YACHT TRENDS FOR 2024?

When looking towards the future of yachting, the trends seem to have remained the same - create more space for activities, open up the interior to the exterior as much as possible, and integrate technology throughout the boat to make it more like home. Moveable, unfixed furniture is no more common on cruising yachts, a trend that allows owners to move their sofas and chairs around to make the most of their space. Refinement of some of the usual yacht trend talking points are likely to stick around for 2024 as well including solar energy, electric engines, apps for control of your yacht's systems from your mobile device, and of course, better capabilities to run your business while on your yacht.

NEW ELECTRONICS TREND FOR 2024: STARLINK STANDARD

High-speed internet while out cruising on your yacht is not a new thing, but yachts for sale on the brokerage market that already have Starlink set up will sell better in 2024. "More and more boats are now either being ordered with Starlink as an option or owners are equipping their yacht with it after its delivered," said Jay Hendrix , Vice President of SI Yachts. "If it's already on there and we list the boat for sale, we find that to be a feature that helps sell that yacht over others on the market." Starlink can now delivery 5TB of data to all guests and crew on board with only a latency of less than 99MS.

MOST USEFUL PRODUCT IN 2024: QUICKSTEP YACHT BOARDING SOLUTION

Sometimes boarding a yacht from a marina dock, especially depending upon the tide, can be a challenge. Enter Quickstep Marine. They offer multiple solutions of easy boarding stairs for various types and sizes of boats. They are quickly set up and engineered to withstand the salty conditions of the ocean. Aircraft-inspired tread designs offer stable footing and there is even a two-step solution now available. If boarding your boat can be a challenge, we highly recommend visiting QuickStep Marine .

RECOMMENDED YACHT TOY FOR 2024: LIFT 3F EFOIL

The new Lift3 F eFoil is the new way to explore the surroundings of your yacht in a more personal way. The Lift eFoil technology utilizes a state-of-the-art battery system, a fiber reinforced polymer (FRP) propeller, a durable, aero-dynamic board, and a Bluetooth hand-controller to give you the ultimate foiling experience. Customize yours with your own colors and even the name of your yacht! The latest model offers more than 100 minutes of ride time before recharging is needed.

WILL 2024 HAVE MORE AVAILABLE YACHTS FOR SALE?

It's no secret that the last few years of surging boat buying activity increased the wait time for new yachts built at the shipyards, but also depleted the inventory on the brokerage market. Will buying a yacht in 2024 be any easier? "We are starting to see much more normal wait times when you custom order a yacht," said Jay Hendrix. For Viking and Princess, you can receive your yacht within 12 months in most cases. SI Yachts is also ordering more inventory from the manufacturers to have boats on hand at our locations.. The brokerage market continues to be down overall in number of listings compared to 2018-2019 levels. Late-model, pre-owned yachts that have been well-maintained and have service records seem to still sell fast and for close to asking price.

THINKING OF SELLING YOUR YACHT IN 2024?

If you're considering selling your yacht this year, contact your favorite SI Yachts Sales Professional or email our headquarters at [email protected], to receive a complete market evaluation of what your boat may sell. We are happy to provide you with a customized plan as to how we intend to price, advertise, and sell your yacht through our proven, successful strategy. Don't let your boat get lost in the crowd by listing it with the mega-sized dealers! You can also fill out our online form - What's My Yacht Worth - to receive your boat's market evaluation. We look forward to earning, and keeping, your business!

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10 Yachts for Sale Under a Million

Buying a pre-owned yacht offers the advantages of immediate availability and reduced cost compared to commissioning a new yacht. Also, the negotiation process saves money.

A luxury yacht that is already on the water also has a track record and charter history, which can be factored into your purchase decision. An existing vessel offers you the opportunity to refit her to your taste and needs, which is both faster and more cost effective.

We have selected for you our 10 yachts available for purchase for less than one million euros.

Catamaran Lagoon 620 : the comfort of a hotel for less than 1 million Euros

VPLP designed this luxury catamaran and paid particular attention to the details that make life on board a pleasure. A large number of windows brings natural light into every room; her large flybridge offers a 360° view and ample space for relaxation.

The Lagoon 620 is also the ideal boat for private crewed charter cruises. This catamaran is in a 6 cabin version, the future buyer should plan to add the necessary options to allow a suitable level of service for luxury charter. Our brokers will be there to advise you accordingly.

Fountaine Pajot MY 44 catamaran: a 44′ yacht for sale for 900K€

A motor yacht in perfect condition, designed for long and extended cruises while remaining comfortable in hers 20m² salon, a fully equipped kitchen, a master suite with a large flat screen TV, not to mention hers 12m² flybridge that offers a breathtaking 360° view.

With her volume and level of finish, the Foutaine Pajot MY 44 can easily compete with monohulls of 15 meters and more.

All options and in perfect condition, this MY 44 is an opportunity not to be missed!

Nautitech 47 Power : less than 1 million for the combination of comfort and speed

Careful and comfortable interiors. Large portholes surround the yacht and bring natural light into the large salon to enjoy a 360° view.

Hers XXL flybridge offers exceptional moments of relaxation with a large solarium, a lounge area with a bar and a steering position. The lines of the hull are optimized for a perfect finish, stability and comfort at sea whatever the speed.

The best finishes have been brought to the interior of this Nautitech 47 Power for an even higher quality. The proposed unit is in excellent condition!

Privilège 585: a best seller yacht for sale for less than a million

Comfortable and elegant, this magnificent catamaran is suitable for cruising in the Mediterranean or in tropical waters.

She has all the amenities of a modern cruising catamaran with the highest standards for safe, comfortable and relaxing cruising. Her interior is fully air-conditioned and has stylish beechwood furnishings and contemporary luxury, all with a magnificent panoramic view.

Built in 24 units, the PRIVILEGE 585 has established herself as a “Best Seller” in terms of build quality, finishing touches and cruising usage.

Fountaine Pajot Queensland 55: a stable yacht for sale at less than 1 million

Built on the experience gained with the Cumberland 46, the Queensland 55 has everything you could want in a boat. Indeed, she has a huge salon, which combines dining room, kitchen and navigation room, a deck, a large flybridge, spacious cabins and lighting that creates a refined atmosphere.

Capable of sailing at an impressive speed, it is a real pleasure to maneuver this Queensland 55 .

Beneteau Oceanis 62 : a sailing yacht for sale below 800K€

First born of the range, the Oceanis Yacht 62 opens the door to a new art of sharing magical moments at sea. She is designed to be reassuring, balanced, maneuverable and elegant.

She is organized around a spacious saloon and private areas, bathed in light from the huge hull portholes.

This Oceanis 62 with hers luxurious design offers noble materials and exclusive cabinetry finishes.

Lagoon 50 catamaran : a sailing catamaran for less than 700K€

This new yacht comes between the unavoidable Lagoon 450 & Lagoon 52. She is the seductive option for sailors looking for a large and modern marine boat.

Thanks to hers new visual identity, hers new rigging, she offers increased performance with a unique signature.

Hers large living spaces and hers panoramic vision are more than ever highlighted on this Lagoon catamaran 50 . This brand new catamaran will need to be customised with the options of your choice. Our sale brokers can give you tips on the best ones to had for an optimal charter revenue.

Lagoon 570 : space, luxury and comfort for sale at less than 600K€

She is one of the best Lagoon ever designed for those seeking balance of space, luxury, comfort and performance.

This yacht is the perfect travel vessel for an adventurer or a family. The hull is relatively slim, the bows are slim which allows her to sail smartly even in light breezes.

This Lagoon 570 was originally owned by Mr Yvan Beneteau. She has therefore benefited from a particular attention from the shipyard with carbon reinforcements in the beams for example.

Beneteau First Yacht 53: a performance sailing yacht for less than 500K€

This unit has been designed for the discerning owner and connoisseur for luxurious performance. The hull and helm balance provide a unique feeling, the circulation is fluid, the interiors are both marine and modern.

With the First Yacht 53 , the new First generation is on its way!

Lagoon Catamaran 440 : the affordable catamaran for sale at less than 400 K€

The architects added on this yacht the latest technological developments of cruising multihulls. At first glance, it is obvious that great care has been taken in hers design: the lines are long and elegant, the shapes are dynamic, the spaces are cleverly used and the ergonomics are optimal.

The salon is a superb living space and offers a 360° panoramic view. The large windows in the hull of this Lagoon 440 bring a lot of natural light and offer an unparalleled view of the outside world while remaining discreet.

Read also : Buying – Selling a yacht

There are many boats for sale on the market and you should find yours! If you haven’t found yet what you were looking for, do not hesitate to contact our team of professionals who will help you in your research.

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Top 10 Downeast Boats - That You Can Buy for Under $1 Million

Many many years ago, as a young, enthusiastic, and energetic sailor, I had a conversation one evening with an old friend of my father's.

We sat on the engine box top of his motor yacht, quenching our thirst, in the setting sun. His hair, I remember was all white, skin like boot leather and a way of speaking which involved long pauses before even the shortest of his sentences were uttered. I was no doubt naive and honestly, probably rather blinded, by my then unbridled excitement for ocean racing.

I was intrigued and puzzled.

Here was a man I knew who had traveled in sailing yachts, extensively across oceans, before and after the last great war, regaling me with tales of his great passion for and his long experience of, voyaging under sail.

He was, however, rather astonishingly, I thought, ... telling me all this from the stern of a motor yacht which he now owned.

Completely incongruous ... I said to myself at the time!

Why, I asked him, do you own this vessel, when your eyes light up when reminiscing about sailing yachts?

He smiled and then .... after the mandatory long pause, replied: "You will young man someday, if you are fortunate, come to understand."

Fifty years later I possibly do!

Over the years, my reflexes have slowed, my desire to work the foredeck on a cold and windy night has abated some, and the word "easier" has increasingly edged into my conversations. I have learned to channel my energies more selectively. A good night's sleep in a level bunk is now far nearer the top of my mind and yes, I must admit, a large stable platform and the ability to really live...... below decks, while underway have all worked their way into my priorities.

The result is that I pay attention these days, more than ever, to a well built, commodious, power yacht. Having sold our larger sailing yacht, I have been investigating what should be next in the family. I have come to some conclusions!

I must also confess right up front that my eye is particularly drawn to those that have the lines of what most of us call a "down east" style. A low profile, lobster boat lines and slightly less yachty, more working boat look appeal to my nature.

Let me share some of these findings with you and even one or two (if you will permit) of my opinions!

There are many well-built power vessels available on the brokerage market these days.

For the purposes of this article, and reflecting some of my own priorities, I have been guided, (in addition to my prejudice toward my preferred style,) by considerations of quality construction and performance, good or at least reasonable resale value, a strong eye to roominess/comfort and a purchase price of less than 7 figures in US dollars.

I have limited my choice to 10 vessels and must, therefore, of necessity, omit some very good alternatives. I list my choices and comment on them in no particular order.

Are you looking for a downeast style yacht?

Contact David Walters Yachts for expert advice on locating the boat right for you.

Top 10 Downeast Boats  - That You Can Buy for Under $1 Million

The Sabre line has a very solid reputation. Several of these vessels including the 48’ must be a serious candidate when the criteria outlined are all considered. In addition, the brand holds resale value, has well thought out accommodations and several recent design ideas integrated into the traditional look and interior finish. She is large enough to accommodate 2 couples in comfort, each with head and shower. The addition of a captain’s quarters below salon sole allow extra accommodations for crew/family members.

Her expansive foredeck is a great lounging area and her stern cockpit dining table and retractable rear cabin window creates a large outdoor living/entertainment space.

Market offering prices are affected by vessel conditions and options and can vary noticeably depending on the brand and style of the vessel's power. Pros/cons between the Volvo/pod combination, the Cummins/Zeus duo or more traditional straight shaft drives are important considerations here.

• 48’ models on the brokerage market range from 2012 in the mid $600,000’s to very recent models at or just above $1 Million
• Sabre 48 models on the brokerage market range from 2012 models in the mid $ 600,000s to very recent models that can reach as high as $ 1,400,000. There are generally a fair amount of options available, so buyers will have a nice selection to choose from.
• Sabre models in the 40 to 46 size range vary in age and configuration but can be purchased as low as $300,000 for a good quality but older model.
• Search Sabre Yachts for Sale

The Hinckley Company has built a remarkable brand over the years. Their power line includes several vessels in the range of 44’to 55’.

Many Hinckley’s offered on the brokerage market are available at prices which are now more economical, relatively speaking, than at new.

The name brand, the associated appeal to some buyers, the quality of construction and the classic appearance overall, over the decades, maintained their attraction to a segment of the market. For this reason, they are rarely advertised at bargain prices although occasionally examples of this brand come on brokerage, usually due to seller circumstances, at prices which make them within reach of the value buyer.

Again condition, options and maintenance history are always factors. Power plant options are an interesting aspect of these vessels as more and more alternatives become available on the brokerage market, including electronic diesel-jet drive combos.

• 55’ Talaria 2005-6s offered at slightly over and slightly under $1 Million.
• 44' Talaria models, 2003-8, offered at $500-800,000.
• Search Hinckley Yachts for Sale

GRAND BANKS/EASTBAY

The Grand Banks name has been among the honor gallery for pleasure motor yachts for many years resulting in part from its original line of wood, classic trawler style vessels. Brand construction was converted to fiberglass as this material took its place among boat builders. Eventually the "Classic" design was transformed into the more modern East Bay line, keeping of course a "Down East "look. The vessels have a reputation for quality build, sea kindliness, fine finish and have an enthusiastic and substantial following.

One extremely interesting aspect of this brand is the large number of 40-55 ft vessels of both the classic and East Bay version that are available literally around the world. One can buy a GB and start an adventure from most major international yacht centers, a demonstration of their popularity as a brand and proof of how widely known and accepted they are. The variety of models in this size range also allows a purchaser almost any interior configuration that suits and, in a vintage/price point acceptable. 

Grand Banks hold their value well and many of the more popular models are, it seems, always available in brokerage. Newer vintages are now appearing on the resale market with pod drives and seakeepers. The classic line trawlers are numerous on the market and ones in very good condition can be acquired at very reasonable prices.

• 44’ East Bay from $300,000 to about $1M based on model years ranging from 2003-2017
• The larger models, with sizes in the range of 50 ft, are also available for well under $900,000
• Search Grand Banks Yachts for Sale

  WESMAC

The Wesmac brand has a reputation as a very well built, seagoing, commercial grade vessel and as a general statement their pricing reflects that. They are considered my many howeveras not as "yachty" as other brands and tend toward a more serviceable finish and appearance.

The design involves more rear deck working space, with a lobster boat set of lines and not surprisingly less interior cabin space and fewer accommodations than other brands. That said many have been built/converted to yachts, providing owners who wish to spend more time offshore, with sturdy reliable service and less fancy maintenance.

Most on the brokerage market are economical single diesel engine models, although a few twin power do exist. All are straight shaft. Vessels in some lengths are available in fly bridge models in addition to the traditional lobster boat and express design.

Pricing covers a broad range with:

• 1998 36’ traditional lobster boat design at $260,000
• 2008 flybridge model at $800,000
• 2018 46’ for just over $1 Million
• Search Wesmac Yachts for Sale

Bruckmann is perhaps less well known than others referred to here but among those who do know them these vessels garner great respect. Builders of both power and sail vessels, the power line tends to the down east styling and is frankly reminiscent of the Talaria from a distance. The largest power production model is the 40' classic, a few of which do come on the brokerage market occasionally.

They are smaller than the other yachts mentioned in this article (being designed around a single double berth cabin) but with a large, airy salon and rear cockpit deck. Single diesel, straight shaft drives and a very nice interior finish cap off a strong and pleasing looking vessel.

• 2012 Bruckmann 40 version, located in freshwater, low hours, in very good condition, priced at $650000
• Search Bruckmann Yachts for Sale

The MJM line burst upon the power yacht scene some years ago, conceived by a very experienced builder, with several new ideas about what would interest older sailors, moving to power. The result was a line of yachts that could perhaps be best described as a "modern version of the old "Down East". Low in profile, slightly reminiscent of a working fishing boat, bright, airy, open space, soft lines and just a hint of being ahead of its design day. Big on the "deck to interior salon space" concept, with a more compact approach to state rooms, a no wood exterior and a less woody interior, means the MJM has trimmed back vessel maintenance, with an eye to not interfering with cocktail hour. Modern strong materials are used throughout.

She will get you there quickly with the planning hull and lots of power. Speaking of power, and depending upon size, these boats are available with diesel straight shaft or stern drives with some of the newer ones featuring pods (Cummins or Volvo IPS). All come with a joystick for easy maneuvering and a design intended to accommodate shorthandedness.

All this comes, however, with a price!

These vessels are available in a broad range of sizes starting from 30’ (they call it 29z) and growing to 56’ in length (the 53z). The larger versions' pricing, both new and used, will well exceed 6 figures. In order to stay under $1M on the brokerage market, some combination of experience and size must be considered. In my opinion the 36z model (which is 39’ LOA) is probably the minimum size that would allow a couple to cruise extendedly, in some comfort.

• 36z 2012-13 versions offered at about $560,000
• 40z models (LOA 44’) an '09 and an '11, offered between $650,000 - $850,000
• Search MJM Yachts for Sale

LITTLE HARBOR

Little Harbor yachts must be mentioned here, although availability is an issue. They rate extremely high on the price / quality ratio even though new vessel production ended years ago. The Little Harbor is simply a great boat. Most come with the Whisper Jet Drive, but some are available with a diesel straight shaft.

Built for several years by Ted Hood's Company, then constructed overseas, these boats were well designed, well-built and very nicely finished. Although there was the odd one built to 52’ LOA, most of the production line vessels were in the 32’ to 44’ size.

The interior is really designed for one couple cruising, with its single double cabin forward and convertible dinette.

The 42’, 40’and 38’ versions are similar in layout, slightly smaller but of equal quality of course. The Yanmar diesels with shaft or Jet drives, interior yacht finish, a good ride, and a reputation for reliability all produce a beautiful "down east" looking little ship.

Brokerage LH boats, in the range of 15-20 years old, should have their condition and level of maintenance thoroughly verified. Any owner must also know that future care would be very important here. Pricing with these vessels is a very pleasant surprise for this quality.

• 44’ versions are advertised for under $300,000 and go down from there
• Prices as low as $125,000 for the smaller models are available
• Search Little Harbor Yachts for Sale

This venerable American yacht designer and his products are well known to those of us with some miles under our keel. A standout with sail he eventually was in involved in the production of some very fine power vessels.

These again are a line of yachts that, sadly, are no longer produced, but are part of the well designed, well-built genre of yesteryear still available through resale. All construction was, for its day, first class with traditional interior wood finish and a relatively (by todays standard) simple layout.

These vessels are part of American nautical history and as such, most have been exceptionally well maintained, a reflection of the sophistication of their ownership. All are diesel powered with, of course, straight shaft, as was their time. 

• 1999 40’ Express is a one cabin optional layout with Yanmar power, 2600 hours and a very fine finish with impressive maintenance, listed at $375,000
• 2005 49’ Express is also a one stateroom vessel, designed to be very roomy and commodious, both below and in the main salon. The 2 Cummins engines have only 1650 hours on them and the interior is impeccable. She is listed at $540,000
• 56’ Flybridge is a 2 stateroom layout with a roomy fine interior, also apparently well maintained, she is powered by twin Caterpillar diesels, with only approx. 1900 hours on them.
• Search Alden Yachts for Sale

Quality from a few years ago, standing the test of times, at very attractive prices!

Vicem Yachts are built in Turkey by an established company, family owned. They are not as well-known as many other brands in North America but do have traditional "downeast" good looks and a quality build.

Their traditional construction is composite, cross layered epoxy soaked mahogany strips encased with fiberglass mat and resin. They now can build in cored fiberglass, but this is relatively recent and therefore most vessels on the brokerage market are the composite. The joinery is of a high standard and finished in traditional woods. The vessels are all outfitted with world class mechanical, electrical, plumbing, communications and navigation equipment, with buyer choice as to diesel engines, straight shaft or pod drives. They also boast the ability to modify any layout of their production models to accommodate much of what a new buyer may wish to change.

The builder also provides North American warranties and support. One of the great attractions of this line is pricing, both as to new and on resale. The builder can take advantage of local Turkish labor rates to produce, out of the door, vessels at extremely competitive prices, when compared to the other yachts listed in this article.

This has a trickledown effect on prices in the brokerage market. Provided, as with all used vessels, that she has been well maintained, and that in particular, any additions to hull or decks have been done properly to ensure no water intrusion, these boats can be an attractive alternative.

Another advantage is that there are several choices on the brokerage sheets, sometimes at prices which vary greatly, even as between similar sizes. This builder builds production models from about 33’ up to about 70’ with larger vessels currently being custom.

• 2005 54’ at $575,000
• 2007 55’Classic at $580,000
• 2003 51’at $540,000
• A virtually new 2019 46’ Classic is available and could possibly be purchased for about $995,000
• Search Vicem Yachts for Sale

For those of you who appreciate a little Italian flair with your traditional "down east" vessel there is this very stylish option, Rivolta. This line of vessels is designed and built in Sarasota, FL by a family with old country origins. With a deep history in sailing, racing power boats and entrepreneurship, the company principals have developed their range of power yachts with a distinctly European flair.

The hull and superstructure retain the typical lines of their down east sisters but the finish and interior styling trend closer to what we see in many modern vessels from "on the continent." These boats as new are available in a range of sizes, all built with local quality construction, world class equipment and are powered with diesels engines of your choice. Interiors are, in keeping with the overall design approach, less "woody", more bright light/white color and more open feeling than some others of their hull style. These are yachts which are a step out in a slightly different direction, but not so far as to be beyond appeal to a typical "downeast" owner.

Two of their most popular vessels are the 44’ Coupe, a 2 cabin 2 head vessel with room and openness. Some were built with diesel- jet drives, an expansive open rear deck with opening transom and large swim platform. The 40’ Coupe, a 2 cabin 1 head vessel, twin diesel power, comes with all the basic accommodations you would expect from a yacht this size.

• 2009 44’ Coupe with diesels - jet drives at $339,000
• 2012 44’, straight shaft diesels, at $360,000
• Several 2005 41’ Coupes at about $225,000
• Search Rivolta Yachts for Sale

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Used Yachts For Sale Between $900,000 and $1,000,000

Finding a used yachts for sale between $900,000 and $1,000,000 that fits your needs when it comes to number of passengers, horsepower, inside accommodations, and other features on board can be a challenge with so many options available on the market today. There are many types of boats available between $900k and $1m like  center-consoles ,  cruising yachts , and  fishing boats , with many good options across all length ranges Still, there are plenty of opportunities with brands like  Sea Ray ,  Carver ,  Princess ,  Grand Banks ,  Meridian ,  Viking ,  Hatteras ,  Bertram , and others. Let the team at United Yacht Sales help you find the right vessel that fits your needs under $1 million.

Yachts $ 900,000 to $ 1,000,000

68' Fairline Squadron 68 2007

60' Sunseeker 2016

67' Custom SuperCat 67 RDX 2017

Pure Energy

62' Fairline Targa 2013

73' Sunseeker Manhattan 70 2009

Reel Short Story

42' Yellowfin 42 Offshore 2023

52' Prestige 520 S 2020

45' Azimut Atlantis 45 2021

45' Nor-Tech 2019

50' De Antonio D50 Coupé 2023

65' Pacific Mariner 65 Motoryacht 2009

78' Azimut 78 Ultra 1994

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See Mark Zuckerberg’s glossy new $300M, 287-foot superyacht ‘Launchpad’

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All aboard S.S. Facebook.

Mark Zuckerberg has reportedly gifted himself a $300 million megayacht, dubbed “Launchpad,” ahead of his 40th birthday.

The staggering 387-foot-long vessel was seen floating at Port Everglades in Fort Lauderdale, Fla., after arriving at its berth earlier this week, The Sun reported Thursday.

The multi-layered luxury ship’s sleek exterior was designed by Espen Øino International and boasts a steel hull and an aluminum superstructure, according to SuperYacht Times.

Reportedly ranking as the 45th largest yacht in the world, the interiors are just as aesthetically pleasing and reportedly executed by Zuretti Interior Design company, a France-based company specializing in unique and custom yacht design.

The breathtakingly beautiful floater stands out with a navy blue theme matching an American flag perched proudly on its wood-paneled stern.

There are several outdoor areas where the social media maven will be able to relax with his family and the indoor levels feature glass paneling allowing for tons of natural light.

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There also appears to be a helipad perfect for whenever the Facebook co-founder wants to travel to his vessel by air.

The Feadship-built yacht, built in 2022, can comfortably fit 24 guests aboard, requires a crew of 48, and is said to cost $30 million a year for upkeep and usage, according to Superyachtfan.com .

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Want celebrity news as it breaks? Hooked on Housewives?

Boatworld insiders have been buzzing with speculation that Zuckerberg is the owner of the newly minted mega-cruise ever since it made its main voyage from the Netherlands last week.

The tech titan was spotted touring the Russian-commissioned megayacht in early March, though the impressive boat didn’t arrive stateside until this week due to sanctions, according to The Sun.

The website reported that Zuckerberg purchased the pricey yacht – along with its own $30 million partner boat — most likely as an early 40th birthday present to himself.

The boat reportedly traveled to Florida after being granted special permission to be imported just weeks ahead of Zuckerberg’s birthday on May 14.

Zuckerberg’s yacht is just 30 feet shorter than the length of fellow billionaire Jeff Bezos’ 417-foot megayacht Koru, which the Amazon boss snagged for a whopping $500 million.

Zuckerberg’s rep did not immediately respond to Page Six’s request for comment.

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Trump has a bunch of new false claims. Here’s a guide.

When a politician gives rally speeches lasting nearly two hours, it’s hard to decide what factually challenged statements should be examined. In the case of Donald Trump , it’s especially difficult because he frequently says so many things that are false or misleading.

Last Saturday, in Georgia, when Trump spoke for 1 hour and 55 minutes, he devoted huge chunks of time to inaccurate accounts of the legal cases against him. He made nearly five dozen references to President Biden , but they consisted mostly of epithets — such as “incompetent,” “crooked,” “out of control,” and “weak, angry, flailing.” Trump also repeatedly labeled Biden as “corrupt” — but he applied the same charge to MSNBC, the 2020 elections, the judge in a libel case Trump lost, the judge in a business fraud case Trump lost, the prosecutor in a pending Georgia case, New York state and finally the entire United States.

“We have a very corrupt country,” he declared during a 30-second rant that touched on allegations that Russia intervened in the 2016 election to help him win, his first impeachment over blocking aid to Ukraine, Hunter Biden’s laptop, his firing of FBI director James B. Comey and unproven allegations that Pfizer forged informed consent signatures for clinical trials of the coronavirus vaccine.

On top of that, Trump frequently recycles false claims of achievement from when he was president that we have repeatedly fact-checked , including:

• He created the greatest U.S. economy in U.S. history ( not by any metric ).
• He passed the biggest tax cut in history ( it ranks 8th ).
• He did more for Black people than any president but Abraham Lincoln ( not by any metric ).
• He defeated ISIS in four weeks ( it took the United States and coalition partners more than two years after he took office ).
• He was the first president to impose tariffs on China ( China has faced U.S. tariffs since George Washington first enacted them in 1789 ).
• He increased government revenue even though he cut taxes ( False ).

Rather than repeat ourselves, we are going to focus on new false claims that Trump has introduced to his repertory in recent months. Many appeared in his Georgia speech, but others came up in other recent speeches, a town hall and an interview. Any of these would be worthy of at least Three or Four Pinocchios, but we don’t award Pinocchios when we do quick roundups.

Biden was declared ‘incompetent’ to stand trial in documents case

“He’s [Biden] at great jeopardy, really, but they said: ‘Look, he’s incompetent to go to court but he can be president.’ Figure that one. In other words, he can’t represent himself at court because he’s incompetent.” ( Fox News town hall, Feb. 20 )

“Well, Joe Biden had more boxes than any human being ever, and they let him off. Of course, I wouldn’t want to be let off that way. They say: ‘He’s incompetent, we’ll let him off.’” ( rally in Richmond, March 2 )

“He has no clue, like with the documents hoax. How about that? He’s not competent to stand trial, but he’s allowed to be the president.” ( rally in Rome, Ga., March 9 )

Trump faces a criminal trial for hoarding classified documents after he left office and refusing to return them. But Biden also discovered that he had retained classified documents at his home and office. He returned them, but a special counsel was appointed to see if he, too, should face criminal charges. The special counsel, Robert K. Hur, concluded that it would be tough to win a case — because Biden had reasonable defenses, the facts were occasionally murky and Biden (unlike Trump) had cooperated fully with the investigation. In a controversial passage, he wrote that jurors probably would view Biden as “a sympathetic, well-meaning, elderly man with a poor memory.”

Trump has now absurdly twisted this sentence to falsely claim that Biden was not competent to stand trial — which under the law means a person is incapable of understanding or assisting in their defense. In reality, Hur was making the point that, if a case were brought to trial, Biden could make a credible case he did not willfully retain the documents, especially because he cooperated. In many cases, the special counsel decided that the documents were mishandled by mistake — or were not especially important anymore, despite the classification level.

During a congressional hearing on his report Tuesday, Hur was asked if he found that the president was senile and exhibited a decline of cognitive ability. “I did not,” Hur said. “That conclusion does not appear in my report.”

In his report, Hur addressed the difference between the Trump and Biden document cases. “Several material distinctions between Mr. Trump’s case and Mr. Biden’s are clear,” Hur wrote. “After being given multiple chances to return classified documents and avoid prosecution, Mr. Trump allegedly did the opposite. According to the indictment, he not only refused to return the documents for many months, but he also obstructed justice by enlisting others to destroy evidence and then to lie about it. In contrast, Mr. Biden turned in classified documents to the National Archives and the Department of Justice, consented to the search of multiple locations including his homes, sat for a voluntary interview and in other ways cooperated with the investigation.”

The United States is a Third World country

“We have a country that a political person uses weaponization against his political opponent never happened here. It happens in other countries, but they’re Third World countries. And in some ways, we’re a Third World country. We’re a Third World country at our borders, and we’re a Third World country at our elections, and we have to stop that.” ( remarks after Super Tuesday, March 5 )

The United States is an economic powerhouse, and its currency, the U.S. dollar, is dominant. But Trump frequently reaches for a dated Cold War-era term used to refer to poor or developing countries. Sometimes, he also calls the United States a “banana republic.”

“Third World” is an all-purpose phrase used to falsely claim that the 2020 election was rigged by Democrats — and to claim that Biden is personally directing federal, state and local prosecutions of Trump, not to mention a civil defamation lawsuit that he lost. There is no evidence that Biden is involved in any of these cases. And it’s simply silly to claim the United States is a Third World country.

Prisons are being emptied around the world to flood U.S. borders

“The prison population all over the world is at the lowest point it’s been in many decades because they’re dumping their prisoners into our country.” ( Richmond )

“When you look at the people that are being allowed to come all over the world, they’re emptying their prisons. They’re emptying their mental institutions into the United States of America.” ( Rome, Ga.)

This claim is an echo of Trump’s notorious comment in his 2015 speech announcing he would run for president — that Mexico was “sending people that have lots of problems, and they’re bringing those problems with us. They’re bringing drugs. They’re bringing crime. They’re rapists.” Illegal immigration by Mexicans has fallen sharply, so now Trump claims the entire world is sending criminals to the southern border. Sometimes he even riffs that it’s a cost-saving maneuver by world leaders — “nothing more expensive than storing a prisoner in a jail for 60 years.”

This is poppycock. Immigration experts know of no effort by other countries. As someone who came to prominence in the late ’70s and early ’80s, Trump appears to be channeling Cuban leader Fidel Castro’s 1980 Mariel boatlift . About 125,000 Cubans were allowed to flee to the United States in 1,700 boats — but there was a backlash when it was discovered hundreds of refugees had been released from jails and mental health facilities.

Helen Fair, research associate at the Institute for Crime & Justice Policy Research in Britain, which tracks the world prison population (except for a handful of countries), says the numbers keep growing. In 2013, 10.2 million people were in prison — and that had grown to 10.77 million in 2021. A preliminary estimate for February 2024, not ready to be published, indicates the population has grown even more. “In short, I would disagree with Donald Trump’s assertion,” she said.

Congo has released murderers into the United States

“Last night they had four from the Congo. Where in the Congo do you live? I wonder what beautiful place do you live in the Congo? ‘We are from prison.’ What did you do? ‘Murder.’ They’re in the United States right now, right? This is what they’re allowing.” ( Richmond )

“The Congo — very big population coming in from the jails of the Congo.” ( speech at Eagle Pass, Tex., Feb. 29 )

“The other day from Africa, the Congo, they had numerous prisoners caught from the Congo.” ( Rome, Ga .)

As part of his falsehood on prisons being emptied, Trump often conjures up another bit of fiction — that a conflict-riven country in Africa, the Democratic Republic of Congo, is shipping murderers to the United States. Fair says no such decline in Congo’s prison population is shown in the data. Instead, the DRC’s prison population keeps growing .

When Trump was president, he greatly restricted refugee admissions, stranding Congolese who had been waiting in camps seeking to reunite with relatives already in the United States. Still, Customs and Border Protection data show that during his presidency there was a surge in undocumented arrivals from the Democratic Republic of Congo. In 2017 and 2018, no one from Congo sought to cross either the southern or northern border, but in 2019 and 2020, that changed, with 614 and 267 encounters, respectively.

15 million migrants have entered the United States under Biden

“They’ve let in 15 million people … and I think it’s going to be 18 million by the time we get the worst president in our history out of office.” (Richmond)

“I think the number is 15 million people already, I think it’ll be 18 to 20 million people by the time we get rid of this guy. Think of it, that’s bigger than New York state. I think it’s going to be close to 20 million people.” ( Rome, Ga. )

“This is the worst invasion probably. We’ve never had anything like it. No country has ever had anything like it. The number today could be 15 million people, and they’re coming from rough places and dangerous places.” ( Super Tuesday remarks .)

Trump never met a number that he could not double, triple or quadruple. Here, he manages to take a real number — 4 million to 5 million migrants arriving during Biden’s presidency — and increase it threefold. Then he offers a prediction to make it sound even larger.

Here’s the reality: Customs and Border Protection recorded about 8.5 million “encounters” between February 2021, after Biden took office, through December of last year. But that does not mean all those people entered the country illegally. Some people were “encountered” numerous times as they tried to enter the country — and others (about 4 million of the total) were expelled, mostly because of covid-related rules that have since ended.

CBP has released more than 2.3 million migrants into the United States at the southern border under the Biden administration through September, the Department of Homeland Security said . These numbers, however, do not include “gotaways” — which occur when cameras or sensors detect migrants crossing the border but no one is found or no agents are available to respond. That figure could add an additional 2 million, bringing the total number of migrants arriving during Biden’s presidency to between 4 and 5 million.

That’s a big number, but apparently not big enough for Trump.

The inflation rate under Biden is 50 percent

“But the fact is, under Biden, we have a three-year inflation rate of almost 50 percent. Under me, you had no inflation. You had no inflation.” ( Rome, Ga. )

“We have cumulative inflation of over 50 percent. That means people are, you know, they have to make more than 50 percent more over a fairly short period of time to stay up.” ( interview on CNBC, March 11 )

The monthly inflation headlines are often about the year-over-year inflation rate, as measured by changes in the consumer price index . It reached a high of 9 percent during Biden’s presidency, largely because of supply chain issues after the pandemic. Annualized inflation has dropped since then. The year-over-year figure in February was 3.2 percent.

Cumulative inflation measures the total increase in the price of goods and services over a specific period of time. But of course Trump nearly triples the real number. Since Biden took office, cumulative inflation is 18.5 percent. Moreover, Trump is wrong when he says there was “no inflation” when he was president. Cumulative inflation during Trump’s presidency was nearly 8 percent.

Wages have also gone up under Biden, helping to mitigate the impact, though many workers have not seen their paychecks keep up with inflation. Average hourly earnings are up 15.5 percent during Biden’s presidency and the Employment Cost Index is up 14 percent . Since early 2023 , wage growth began to outpace inflation, with the gap expected to fully close sometime this year .

Native-born Americans have lost 1 million jobs to immigrants

“In February alone, nearly 1 million jobs held by native-born Americans disappeared. Think of that. You lost a million jobs. Black people, that’s who lost the jobs. Hispanic people, that’s who lost the jobs.” ( Rome, Ga .)

Here, Trump seizes on a confusing (and exaggerated) number to make a misleading claim. The latest Bureau of Labor Statistics employment report shows that the number of native-born workers with jobs fell from 129.8 million in January to 129.3 million in February 2024, for a decline of about 500,000. So Trump doubled the actual figure. Meanwhile, the number of foreign-born workers , meaning people who were not citizens at birth, grew from nearly 30 million to 31 million — an increase of more than 1 million.

But that does not mean that U.S. citizens have “lost” those jobs to immigrants. Monthly changes in employment don’t tell you much — and this report is not seasonally adjusted, meaning temporary holiday hiring and a winter slowdown in construction can affect the numbers at the start of the year. The BLS report shows the unemployment rate is lower for native-born Americans — 4.0 vs. 4.7 percent. That’s the more important figure. Moreover, according to the Economic Policy Institute , the share of prime-age (ages 25-54) employment-to-population ratio (EPOP) for U.S.-born individuals was 81.4 percent in 2023, up from 80.7 percent in 2019 — for its highest rate since 2001. Indeed, native-born workers have gained more than 6 million jobs during Biden’s presidency — as have foreign-born workers.

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The superyacht world is speculating that Mark Zuckerberg just bought this 118-meter boat

• The 118-meter superyacht Launchpad made her maiden voyage last week.
• The yacht world is speculating that her owner is Meta CEO Mark Zuckerberg.
• Here's what we know about the luxury vessel.

In the world of superyachts , privacy is the most valuable asset. It can be next to impossible to discern the details of a superyacht transaction — and that's particularly true if the vessel in question is worth nine figures.

Yet some in the boat blogging world are speculating that Meta CEO Mark Zuckerberg is the new owner of Launchpad, a megayacht currently moored in Fort Lauderdale, Florida after she made her maiden voyage from Gibraltar to St Maarten last week. Launchpad clocks in at 118 meters long, about nine meters shorter than Jeff Bezos' superyacht Koru .

The transaction could not be confirmed, with yacht world insiders declining to share what they know and representatives for Zuckerberg not responding to a request for comment from Business Insider. In the past, reports about Zuckerberg owning superyacht Ulysses have proven false.

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"It is Feadship's standard policy to never divulge any information about our yachts with reference to ownership, costs, or delivery, etc," Feadship, the ship's builder, wrote to BI. "Whether it is an 18-meter Feadship from the 1960s or a 118-meter Feadship from the 21st century, we do not share private information."

But Zuckerberg's name has been connected to Launchpad for a few months now, beginning in December when reports swirled that he visited Feadship's shipyard in the Netherlands.

Then, earlier in March, yachting bloggers like eSysman SuperYachts and Autoevolution started speculating that he officially snagged the boat, originally built for a sanctioned Russian businessman, at a $300 million price tag. (While that's a seemingly huge amount, it's still less than 0.2% of Zuckerberg's $177 billion net worth.)

Another clue that might point to US ownership is that the yacht bears the flag of the Marshall Islands, a US territory and commonplace for American buyers to register their ships, according to public marine tracking.

If Zuckerberg were to have bought Launchpad, he would join a cohort of superyacht-owning tech billionaires . Along with Bezos, the likes of Oracle cofounder Larry Ellison and Google cofounders Sergey Brin and Larry Page have purchased impressive boats with even more impressive amenities.

SuperYacht Times , an industry publication and intelligence platform, has some of the best images of the yacht. Photos show a swimming pool on her main deck and a large helipad.

While less is known of the interior, a vessel of her size can likely sleep dozens of guests and crew and may have amenities like an expansive gym where Zuckerberg could practice his jiu-jitsu or a spa with a massage area. We suspect there's also space for plenty of toys — which could include his viral hydrofoil foil .

Do you have any details about Launchpad or any other superyachts? Email reporter Madeline Berg at [email protected].

Watch: Walmart heiress' superyacht vandalized by activists in Ibiza

• Main content

Mural Arts Philadelphia may lose $1 million under Mayor Parker’s new budget

The new financial plan could reduce the organization’s total funding to $2.68 million per year for the next five years.

Per Mayor Cherelle L. Parker’s first budget proposal to City Council, Mural Arts Philadelphia may face a $1 million funding loss in 2025.

The mayor’s $6.29 billion budget proposal , released March 14, looks to clean up trash-ridden streets, recruit additional police officers, and end Kensington’s open drug market, among other things.

“It’s my first budget proposal as your mayor and it’s big and it’s bold,” Parker said during her address. “I‘m calling it the ‘One Philly Budget,’ and it funds my promise to the people of Philadelphia of a safer, cleaner, greener city, with access to economic opportunity for all.”

Earlier this month, Parker selected Valerie Gay as the city’s new head of arts and culture. The trained soprano was recently deputy director of audience engagement and chief experience officer at the Barnes Foundation.

If the “One Philly Budget” is approved, it could be one of the largest financial drops Mural Arts has seen in recent years.

The long-running arts organization, which specializes in project-based community programming, has more than $3.68 million in city funding in its total operating budget of $18.3 million for the year. Parker’s proposed budget could reduce the city’s portion to $2.68 million per year for the next five years.

In 2024, Mural Arts received several state, federal, and private grants that will not recur in 2025. Owing to grant terms, the organization is not eligible to reapply for the grants for several years. But once budget hearings begin, Mural Arts will start ”advocating with [the] city, as additional funds can be allocated to the organization with Council support,” Mural Arts officials said.

The $1 million funding loss isn’t a surprise, Mural Arts officials said. The $2.68 million city total was already planned under former Mayor Jim Kenney’s administration and was adopted by Parker in the new financial plan.

As Mural Arts continues to analyze Parker’s proposal, Chad Eric Smith, senior director of communications and brand management at Mural Arts, said he and others will work closely with Parker and her administration to help the mayor’s “new vision for arts and culture to Philadelphia communities.”

“The organization has been fortunate enough to receive increased funding over the past four years when advocating with City Council, allowing it to enhance programs and projects,” Smith said. “Mural Arts looks forward to continuing its dialogue with the administration and City Council regarding its proposed budget so it can fully support the mayor’s vision of a safer, cleaner, and greener Philadelphia.”

No decisions will be made about Mural Arts programming and initiatives until a final budget has been approved.

In February, Parker addressed the importance of the art and culture sector in Philly during a news conference for the renaming of Verizon Hall, which, starting in June, will be named in honor of contralto and civil rights leader Marian Anderson. “You are what I would consider to be a part of the nucleus of what is a great unifier in our globe, in our Commonwealth and here in our city, no matter the race, class, socio-economic status, the zip code, sexual orientation or identity, and/or religion. There is something about melody, music, and art that allows us to feel our human oneness,” she said at the time.

Endorsements | Keeping up with the Bezoses: Mark Zuckerberg…

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Breaking news, endorsements | san jose exorcism: coroner details how 3-year-old died, endorsements | keeping up with the bezoses: mark zuckerberg buys a super yacht, reports say, a report says that zuckerberg’s luxurious new $300 million vessel was originally was commissioned by a russian oligarch who was the target of sanctions imposed after that country’s invasion of ukraine.

Given that Mark Zuckerberg enjoys a respectable 16th place on a list of the world’s richest people, he probably figured it was time for him to acquire one of the ultimate status symbols for the mega-wealthy — a super yacht.

A new report from The Sun said that Zuckerberg is now the proud owner of a $300 million vessel that he has christened “Launchpad.” The 387-foot-long vessel, which comes with a helipad and a $30 million companion boat, was seen docked this week at Port Everglades in Fort Lauderdale, Florida, with its unique chrome finish reflecting in the sun.

This purchase shows, among other things, that the Facebook and Meta founder and CEO has branched out from buying islands and building an underground complex to help him survive the apocalypse. Perhaps, he wants to cruise the Mediterranean this summer and be among the moguls who can play host to Leonardo DiCaprio.

The yacht definitely grants him admission to the watery playgrounds of such multibillionaires as Jeff Bezos, Larry Ellison, Bill Gates and any of the Russian oligarchs who haven’t been the target of sanctions imposed by the United States or its allies over Russia’s 2022 invasion of Ukraine.

In fact, Zuckerberg reportedly came by Launchpad due to the misfortunes of one of those oligarchs. The yacht originally was commissioned to be built by Vladimir Potanin, one of Russia’s richest men who is on multiple sanctions list, according to a report by Autoevolution.com , a transportation industry site. The yacht was known as Project 1010, and the shipbuilder in the Netherlands was legally barred from delivering it to Potanin when it was completed in 2022, though Autoevolution also said that Potanin was not the yacht’s actual owner.

The Sun reported that the yacht recently received “special permission” to be imported. It has since arrived in the United States, a couple months ahead of Zuckerberg’s 40th birthday on May 14 — which raises the question of whether he meant Launchpad as a birthday gift to himself.

It’s quite a gift: Launchpad can comfortably fit 24 guests aboard. It also requires a crew of 48 and is said to cost $30 million a year for upkeep and usage, according to Superyachtfan.com . But shelling out $30 million for maintenance a year shouldn’t be a problem for Zuckerberg, who reportedly earns between $6 million and $12 million a day, The Sun said.

But as spectacular as Launchpad sounds, super yacht fans might say it’s not as spectacular as Jeff Bezos’s super yacht, Koru. The $500 million sailing vessel features very tall masts, a swimming pool, a helipad and room for a second, smaller yacht. The most noteworthy thing about Koru is that Bezos commissioned a special sculpture to decorate its prow. It’s a “curvaceous winged goddess” that is said to bear a striking resemblance to his fiancee Lauren Sanchez.

The Amazon founder, his wife-to-be and the goddess figurehead spent much of last summer sailing around the Mediterranean, cruising from Spain to Croatia and hosting such famous guests as Katy Perry, Orlando Bloom and Usher. The couple also threw a lavish engagement party off the coast of Positano on Italy’s Amalfi coast, attended by another pack of famous friends, including Kris Jenner, Wendi Murdoch and, yes, Leonardo DiCaprio.

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FACT SHEET: President   Biden Announces Up To $8.5 Billion Preliminary Agreement with Intel under the CHIPS & Science   Act

Funding catalyzes $100 billion in private investment from Intel to build and expand semiconductor facilities in Arizona, Ohio, New Mexico, and Oregon and create nearly 30,000 jobs

Today, President Biden will travel to Chandler, Arizona, to visit Intel’s Ocotillo campus and announce that the Department of Commerce has reached a preliminary agreement with Intel to provide up to $8.5 billion in direct funding along with $11 billion in loans under the CHIPS and Science Act. The announcement will support the construction and expansion of Intel facilities in Arizona, Ohio, New Mexico, and Oregon, creating nearly 30,000 jobs and supporting tens of thousands of indirect jobs. During his visit to Arizona, President Biden will discuss the vision that he laid out in his State of the Union, underscoring how his Investing in America agenda is building an economy from the middle out and bottom up, creating good-paying jobs right here in America, strengthening U.S. supply chains, and protecting national security. Semiconductors were invented in America and power everything from cell phones to electric vehicles, refrigerators, satellites, defense systems, and more. But today, the United States produces less than 10 percent of the world’s chips and none of the most advanced ones. Thanks to President Biden’s CHIPS and Science Act, that is changing. Companies have announced over $240 billion in investments to bring semiconductor manufacturing back to the United States since the President took office. Semiconductor jobs are making a comeback. And thanks to CHIPS investments like the one today, America will produce roughly 20% of the world’s leading-edge chips by the end of the decade. Today’s announcement is critical to realizing President Biden’s vision to reestablish America’s leadership in chip manufacturing. In particular, this CHIPS investment will support Intel’s construction and expansion projects across four states and will create nearly 30,000 jobs:

• Chandler, Arizona:  Funding will help construct two leading-edge logic fabs and modernize one existing fab, significantly increasing manufacturing capacity to produce Intel’s most advanced semiconductors in the United States. This investment will create over 3,000 manufacturing jobs, 7,000 construction jobs, and thousands of indirect jobs. Intel’s investment in Arizona is among the largest private sector investments in the state’s history.
• New Albany, Ohio:  Funding will establish a new regional economic cluster for U.S. chipmaking with the construction of two leading-edge logic fabs. This investment will create 3,000 manufacturing jobs, 7,000 construction jobs, and an estimated 10,000 indirect jobs. Intel’s investment in Ohio is the largest private-sector investment in the state’s history.
• Rio Rancho, New Mexico:  Funding will support the nearly complete modernization and transformation of two fabs into advanced packaging facilities, where chips are assembled together to boost their performance and reduce costs. Advanced packaging is critical for artificial intelligence (AI) applications and the next generation of semiconductor technology. It also allows manufacturers to improve performance and function and shorten the time it takes to get many advanced chips to market.  When completed, these facilities will be the largest for advanced packaging in the United States. This investment will create 700 manufacturing jobs and 1,000 construction jobs.
• Hillsboro, Oregon:  Funding will expand and modernize facilities to increase clean-room capacity and utilize advanced lithography equipment, further strengthening this critical innovation hub of leading-edge development and production in the United States. This investment will support several thousand new permanent and construction jobs and thousands of indirect jobs.  

Creating Good-Paying and Union Jobs with Good Benefits Across America

President Biden promised to be the most pro-worker, pro-union President in American history, and his Administration has committed to ensuring that workers have the free and fair choice to join a union and equitable training pathways to good jobs. As part of the Administration’s effort to connect workers with good-paying jobs created by the President’s Investing in America agenda, the White House announced five initial Workforce Hubs across the country – two of which have focused on building pipelines to good jobs in the semiconductor industry: Phoenix, Arizona, and Columbus, Ohio. And, last year, the National Science Foundation and Intel announced $100 million to expand semiconductor workforce training opportunities, education, and research across the nation. Under their preliminary agreement with the Department of Commerce, Intel has committed to work closely with workforce training providers (e.g., educational institutions, state and local agencies, labor unions) to develop and train workers for jobs created by the investment announced today. The Ohio State Building Trades signed a Project Labor Agreement (PLA) for the Ohio construction site, and there is a majority-union construction crew in both the Arizona and Oregon sites. The Administration strongly supports workers’ right to organize and expects Intel to continue its longstanding tradition of creating good jobs and respecting workers’ rights, including expecting Intel to neither hold mandatory captive audience meetings nor hire anti-union consultants. The announcement today also includes significant funding to train and develop the local workforce, including $50 million in dedicated CHIPS funding. The focus of this funding will be further determined in the coming months based on the Department of  Commerce’s labor and workforce priorities  in partnership with the Department of Labor. Those priorities include funding workforce intermediaries and labor-management partnerships, promoting inclusive and equitable training and hiring across the construction and facilities workforces, and providing supportive services, such as child care. Intel’s construction spending is contributing to union apprentice programs across all four sites—expected to amount to over $150 million in apprenticeship contributions. Additionally, Intel has committed to providing affordable, accessible, high-quality child care for its workers across its facilities. Intel will be increasing the reimbursement amount and duration for its back-up care program, adding additional access to discounted primary child care providers, and expanding access to a vetted network of child care providers for its employees. In addition, Intel will pilot a primary child care reimbursement program for non-salary employees.  

Strengthening Local Economies

Today’s announcement is also poised to strengthen the local economies of these states and cities, and is part of the President’s commitment to investing in all of America and leaving no community behind. Intel’s investments in Arizona and Ohio are among the largest private-sector investments in each state’s history, and Arizona has received the highest level of private sector manufacturing investment per capita of any state since the President took office. Intel’s investment in Arizona is expected to create tens of thousands of indirect jobs across suppliers and supporting industries – on top of the nearly 30,000 manufacturing and construction jobs it will create, fostering a more resilient semiconductor supply chain in the U.S. In Arizona, Intel’s investments have  grown  the surrounding community, attracting opportunities for professional growth and upward economic mobility for everyone – from graphic designers to restaurants and small businesses. And in Ohio, Intel continues expanding their partnerships with local businesses to support their construction projects and operations at other facilities – growing from 150 Ohio-based suppliers in 2022 to over 350 today.  Intel has also prioritized sustainability and being responsible stewards of the environment at its facilities. It currently uses 100% renewable electricity in its fabs and factories in the United States, and plans to achieve net-positive water and zero waste to landfill by 2030.

Building on Historic Progress Under the CHIPS and Science Act

Today’s announcement is the fourth and largest preliminary memorandum of terms (PMT) under the CHIPS and Science Act:

• In February 2024, the Biden-Harris Administration announced $1.5 billion for GlobalFoundries to support the development and expansion of facilities in Malta, NY, and Burlington, VT.
• In January 2024, the Administration announced $162 million for Microchip Technology Inc. to increase its production of microcontroller units and other specialty semiconductors, and to support the modernization and expansion of fabrication facilities in Colorado Springs, CO, and Gresham, OR.
• In December 2023, the Administration announced $35 million for BAE Systems Electronic Systems to support the modernization of the company’s Microelectronics Center in Nashua, NH. This facility will produce chips that are essential to our national security, including for use in F-35 fighter jets.

President Biden’s Investing in America agenda – including the CHIPS and Science Act – is spurring a manufacturing and clean energy boom. Since President Biden took office, companies have announced over $675 billion in private sector investments in manufacturing and clean energy, and over 50,000 infrastructure and clean energy projects are underway. This announcement is part of the President’s broader commitment to build an economy from the middle out and bottom up, not the top down, and invest in all of America. 

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