Residential yachts, as they are called, are essentially apartment buildings at sea. Buyers buy apartments on massive yachts, rather than owning and operating their own smaller vessels.
Once most of the apartments are sold, the yacht operates much like a luxury cruise line and travels the world with staff on board and access to restaurants, spas, wine cellars and gyms.
The price to pay ?
Somnio has 39 apartments and prices start at 9.5 million euros ($ 11 million), said Erik Bredhe, co-founder and captain of Somnio. Prices depend on the size and location of the apartment, with higher units costing more, he said.
Yacht influencer Denis Suka – known as “The Yacht Mogul” to his more than 550,000 Instagram followers – told CNBC he was helping design a 295-foot superyacht called Mogul.
When completed, it will cost around $ 150 million with a single buyer, he said.
Somnio is more than twice the length of Mogul.
Apartment vs private yacht
“The most important factor is an intimate community with which to share a truly global itinerary,” he told CNBC, adding that “the beauty of owning your own apartment is that you don’t have to worry about it. maintenance and planning that goes with your own yacht. “
Yacht staff will take care of maintenance, repairs, fuel and food supplies, as well as shore visits, according to Somnio. Staff will also plan travel routes, although residents can recommend destinations as well, according to the company’s website..
Dream | Conception of treuil
Ownership on the boat is by invitation only, said Bredhe. Some buyers approached the company directly while others came with personal recommendations, he added.
A significant asset?
This is the case of another residential yacht named The World, launched in 2002.
“All types of residences have increased in value significantly since the ship’s launch, driven by demand from potential buyers around the world,” a company representative told CNBC.
It has studios as well as one- to three-bedroom apartments ranging from $ 2 million to $ 15 million, a small number of which are currently for sale, a company representative told CNBC.
“When we saw The World sail in Rio de Janeiro and learned about its unique concept, we knew we had to be a part of it,” said a current resident who requested to remain anonymous to protect his privacy.
The resident lived on the yacht for four years, during which time he explored Madagascar, Indonesia and the Mediterranean, he told CNBC.
He said he had never considered buying a private yacht because “our friends who have private yachts seem to have only personnel or mechanical issues, which seems to spoil their enjoyment somewhat.”
Since its launch, The World has traveled to places such as Greenland, the British Isles and the “white continent” – Antarctica.
Another superyacht – the 948-foot-long Njord – is slated for completion by 2025. It also plans to sell onboard apartments to buyers who want to experience the thrill of sea travel without the responsibility of yacht ownership.