how much does a 65 ft yacht cost

Used Yachts For Sale From 61 To 70 Feet

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.

Viking Princess 70 SPORT YACHT

Pershing 70

Horizon 70 Motor Yacht

Livin wright.

Delta Marine pilothouse

Outer Reef Yachts 700 MY

Knight & Carver 70 MOTOR YACHT

Hatteras 70 Motor Yacht

Princess Flybridge Motor Yacht

Sumerset Houseboat

St. somewhere.

Princess 67 Flybridge

Maiora FIPA 70' Flybridge

Monticello River Yacht Houseboat

Bertram 700

Vicem 70 FB Classic

Seanfinity T7

CDK Technologies MOD 70 ORION

Princess V70

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The Fleming 65 was introduced in mid 2005 in response to a strong demand for an intermediate Fleming between the 55 and the 75. Her layout is very similar in concept to the 55 but the 65, being around 70% larger in displacement, offers much more interior and deck space than her smaller sibling. Fleming Yachts decided to retain hull number 1 (named Venture) to evaluate her design performance as a well-found cruising yacht as well as providing a test bed for new equipment. Since commissioning in 2005 Tony Fleming has cruised VENTURE more than 60,000 miles along the West Coast of North America from La Paz, Mexico to Juneau, Alaska, back down the Coast to the Sea of Cortez, to the Galapagos Islands, through the Panama Canal, up the East Coast into the Hudson River, Erie Canal and the St. Lawrence Seaway. Along the way Tony has provided the yard with valuable feedback and suggestions that have been incorporated in the 65 production line. Thanks to Tony's extensive testing and evaluation of these refinements, several new items are now available on production models.

We are very proud that a panel of thirteen judges from the Internationally respected 'Yachts' magazine voted the Fleming 65 best yacht in her class, worldwide, for 2006. As of January 2019, 51 Fleming 65's have been built at the highly regarded Tung Hwa yard in Taiwan, which has built every Fleming yacht since they were introduced in 1985.

Standard Specifications

70' 10' (21.6 m)

61' 11' (18.9 m)

18' 8' (5.7 m)

5' (1.52 m)

17' 11' (5.46 m)

Displacement Light:

102,698 lbs (46,583 kg)

Displacement Full:

124,663 lbs (56,546 kg)

1,700 US gals (6,435 l)

400 US gals (1,514 l)

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Fleming 65 Specifications

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Hull 65-022

Hull 65-039

Hull 65-040 (3D Version)

Hull 65-051 (w/full beam Master Cabin)

Hull 65-053

Hull 65-060

Hull 65-056

Performance Curves

Overview Continued...

As with all Flemings, special attention has been paid to the ease and safety in which the heavy duty ground tackle is set and retrieved. Originally designed for the Fleming 75, the 65's anchor platform is especially large and robust. The anchor platform accepts two 132 lbs. (60Kg) Ultra anchors, each of which can be controlled by a handheld unit at the platform or by windlass controls at both pilothouse and flying bridge stations. A pair of hydraulically powered Maxwell RC12 vertical windlasses with capstans are standard equipment, as is a 300ft (91m) length of Grade-60 stainless steel chain. 

F65 Foredeck

There are port and starboard storage lockers to each side of the platform base, where salt and freshwater washdown  bibs are located as well as two, 50-amp shorepower inlets which are convenient when docking bow first.

A centerline hatch opens for access to the double chain locker, which is separated from the yacht's interior by a collision bulkhead. The locker can house two 300-foot (91m) lengths of anchor chain and several hundred feet of rode. It is also big enough to stow fenders and extra lines. It drains overboard just above the waterline, keeping the bilge clean and dry. 

A teak caprail and oval shaped stainless steel handrail are standardl. To prevent damage during docking, the handrail is located slightly inboard of the bulwark. Moving aft, the cabin top features four built-in storage lockers, ideal for stowing lines and fenders. The lockers and the deck drains into specially designed, hidden manifolds, which exit just above the waterline, keeping the topside free of dark streaks.

Fleming also pays special attention to the number, position and size of its mooring cleats, and the F65 features four large cleats on both the port and starboard side forward of the deckhouse, making it easy to properly secure the yacht in a variety of situations. Teak or non-skid decking can be ordered for the foredeck. Convenient handrails are located on the forward coach roof, and together with the teak or stainless handrail above the bulwarks, it is safe to move along the foredeck in a seaway.

Protection against heavy weather is provided by the Portuguese Bridge, which features port and stbd gates for access between the foredeck and the side decks. Deck level LED courtesy lighting enhances safety after dark. The aft section of the Portuguese Bridge features built-in storage lockers for a variety of cruising gear.

One of Fleming's signature design features is its wide side decks that enable safe, sure-footed movement from bow to stern while at sea and during docking manoeuvres. Heavy duty, stainless steel handrails are strategically located to minimize risk of injury. For convenient, effortless boarding in a variety of situations, there are port and starboard boarding gates at both the high and low deck levels, for a total of four. For added convenience and safety, these gates open inboard.

Aft Deck and Swim Platform

The large cockpit space is beautifully finished with teak decking for its superior non-skid properties and sound dampening qualities. While many owners prefer to keep this space open for a variety of watersports activities, others use it as an outside dining area. A dining table can be ordered that follows the contour of the transom, with seating for 8.

Access to the area is via a boarding gate in the transom. Adjacent to the gate is a freshwater shower fitting as well as a saltwater washdown bib.

Optional engine and thruster controls can be located in the cockpit cabinet, making backing into a slip a simple procedure. Optional are two warping winches, which are invaluable when docking "Med" style. Two 50-amp CableMaster power cord systems are located in the transom, one on the port side, one starboard.

The engine room air intake vents are located under the port and stbd cockpit coamings to prevent salt spray from entering the engine room.

The flybridge is easily and safely accessed by the 5-step stairway from the pilothouse. The upper helm, located on the port side, is slightly raised to enhance visibility forward and features a Stidd double helm seat and a console for full instrumentation and electronics. A U-shaped settee with storage underneath and dining table that seats 6 is standard.

A number of different arrangements and equipment can be ordered, depending on the owner's intended use of the area. A large deep freeze, various types of barbecue grills, a wet bar, icemaker, refrigerator and extra seating are popular options.

Also optional is a hardtop with a canvas-glass enclosure, which creates additional all-weather living space. Aft of the flybridge area is the boat deck, with space for a 16-foot inflatable yacht tender. A 1,500-lb. (680kg) capacity Steelhead hydraulic davit system is standard as is a freshwater bib and 110 VAC (230 VAC for European version) outlet for keeping the tender's battery charged. The stainless steel safety rail has a removable section for launching a life raft. Typical of Fleming's obsessive attention to details, the boat deck drains to a series of built-in, stainless steel drains connected to a drain manifold system that exits just above the waterline to prevent streaking of the cabin sides and topsides.

Main Salon & Galley

The large, spacious main salon can be built with a number of different arrangements. A dedicated dining area can be located to starboard with a large settee area to port. In place of the dining area, a second settee can be located on the stbd side opposite the main settee. Or, a large, built-in cabinet can be built on the starboard side with lounge chairs facing the main settee. 

A soft, synthetic leather headliner provides a sense of warmth and style, and there is space for a 42" TV on a powered tv lift.

In the aft, port corner, the owner has a choice of a wet bar with refrigerator and wine cooler or more cabinet space with glass doors. Wooden blinds recessed into the window frames are standard. LED lighting is used throughout, including on the inside of most cabinets.

The galley features a 21-cu. ft. side-by-side refrigerator/freezer on the starboard side and a built-in dish cabinet and pantry space. Granite counter tops, an undermount stainless steel double sink, instant hot water dispenser, waste disposal, convection microwave, and Miele induction cooktop are standard. There is room for an optional dishwasher.

Accommodations

A number of layouts are available for the 3-stateroom accommodations area. Most layouts feature a central passageway, which is just 4-steps down from the main salon area. A full beam master cabin layout is also available with access from the pilothosue.

In most cases, the owner's stateroom is located forward and features an island berth that lifts for easy storage beneath, a private head, and two large hanging lockers.

The port guest stateroom can be built with an island double berth, twins or a double with a pull out, single berth over it. Another option, as shown, is to include a pipe berth over the double. This stateroom shares a head with the second guest stateroom, although a 3-head arrangement is also available.

The starboard guest stateroom can be built with two over-under single berths or with one berth and a private head. A popular layout has the owner's cabin to port and a VIP stateroom forward.

A separate washer and dryer is located in the passageway along with a supply closet and slide-out laundry hamper. The entire accommodations area is finished in warm teak with a synthetic leather headliner. 

Engine Room

Accessed from an exterior hatch aft of the salon doors that leads to a submarine-style door, the engine room is signature Fleming - well thought out, extremely functional and beautifully finished. Standard power is a pair of MAN i6-800 hp diesel engines, and MAN V8-1,000 HP engines are optional. There is room for two  generators, and most owners choose to install two, one with a smaller output for use during moderate power requirements and one larger unit when more power is called for.

To achieve the extremely low sound and vibration that Flemings are well known for, the Aquadrive system isolates the engine and transmission from the propeller thrust, permitting the use of much softer engine mounts. Aquadrive is fitted as standard and their rotating couplings are concealed beneath fiberglass covers for safety. The engine mounts are installed on full-length, polished stainless steel channel sections, a system that has been standard on all Flemings since their inception in 1985.

An intelligently designed and meticulously executed fuel management system takes all the guesswork out of transferring fuel and making sure each engine is being properly fed. The system makes it impossible to overfill a tank by switching a fuel return valve the wrong way.

The arrangement of all mechanical systems has been done with the need for proper maintenance in mind. Every piece of equipment is accessible, and there are places for mechanics to stand and place their tools without damaging vital gear. An optional engine room air conditioning system is available, a detail that will not go unnoticed by the vessel's mechanic.

The aft lazarette houses the water tanks, steering gear and air conditioning compressors while also leaving ample room for storing cruising gear such as spare anchors, rode, lines, fenders and parts.

Main access is through the outside engine room hatch and down a set of curved stainless and teak steps. There are two additional cockpit hatches that allow quick access to stowed gear. Two freshwater pumps are installed and plumbed, providing instant switchover capability in case of failure.

The Fleming 65 pilothouse is the nerve center of the vessel and can be completely separated from the activities throughout the rest of the yacht by its bi-panel teak door. The day head to starboard can also be ordered as a "wet-head" complete with shower, and an insert for the settee creates a convenient watch berth. This arrangement allows the pilothouse to be used as an extra cabin when necessary. Either one or two Stidd helm chairs can be installed, and a raised settee and table provide additional seating for four.

The forward console area has been designed to accommodate a full array of today's modern electronics, and easy accessibility has been built in to allow for service and eventual upgrades. The electrical distribution panels are below the main controls and are hinged and illuminated for access and service.

Visibility forward and to port and stbd is excellent, and two sliding doors open to the wide side decks. A traditional teak and holly sole is standard. There are large drawers and working space for charts, cruising books, navigation instruments, binoculars, cell phones and chargers, log books, flashlights and everything else a captain needs to chart and follow a safe course. A large stainless steel and teak-trimmed destroyer steering wheel fits the ambience of this ultimate cruising yacht.

There is an ongoing process at Fleming Yachts to constantly refine our designs and incorporate improvements to each and every vessel we build. By focusing on a limited number of models Flemings have become known as "The Ultimate Cruising Yachts" We invite you to see a Fleming up close at one of our dealers or to visit us at one of the many boat shows we attend. Please check our Calendar of Events. 

Specifications

• LOA (hull): 67' 4" (20.5m)
• LOA (including swim step and anchor platform): 70' 10" (21.6m)
• LWL: 61' 11" (18.9m)
• Beam: 18' 8" (5.7m)
• Draft: 5' (1.52m)
• Air draft (to top of radar arch): 17' 11" (5.46m)
• Minimum Operating Condition: 102,698 Lbs. (46,583kg)
• Loaded Condition: 124,663 Lbs. (56,546kg)
• Main Engines: Twin MAN i6-800 (800 HP @ 2300 RPM)
• Transmission:  Twin Disc MGX-5126A or ZF 360A with electric shift and troll valves 
• Reduction Ratio: 2.50:1
• Power Take-off :  Clutched C-Pad PTO's on both transmissions
• Engine Controls: Glendinning EEC3 (with back-up system)
• Generator: Onan eQD 21.5Kw, 220v, 60 Hz (European model 17.5Kw, 230v, 50Hz,)
• Stabilizers: ABT TRAC 9 Sq. Ft fins with winglets, 250 model actuators 
• Bow Thruster: ABT 38HP Hydraulic 
• Stern Thruster: ABT 20HP Hydraulic 
• Fuel Tanks: 1,700 US gals (6,435 Liters) in four tanks 
• Water Tanks: 400 US gals (1,514 Liters) in four tanks
• Black Water Tank: 330 USG (1249 Liters)
• Monitoring System: Fleming First Mate (FFM) - Boning

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

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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How Much Does A Sunseeker 65 Yacht Cost?

First launched in 2021, the Sunseeker 65 Sport Yacht has had its share of accolades including 'Top Sport Cruiser Over 45 Feet' at the Motor Boat Awards and 'Best Exterior Design' at the 2021 World Yacht Trophies. Sunseeker Yachts has wonderfully integrated the experience of driving a sports car into their upper helm. The SkyHelm™ features an incredibly cool steering wheel, radical helm seats with carbon fiber backrests, and a futuristic console. Steady your feet against the foot-rest, lower back your helm seat and push that throttle down for a thrilling 35-knot ride thanks to the twin Volvo D-13 IPS 1350 engines.

As with most of their model ranges, Sunseeker continually develops new boats in a variety of formats. In addition to the 65 Sport Yacht , the Predator 65 is also offered in this range for those that want a more traditional express cruiser style with no sport bridge. Sunseeker describes their award winning model as being "akin to driving a high-performance convertible supercar", of course with all of the luxury accommodations on board you would expect. There are many builders that have yachts between 65 and 70 feet in their model range, but Sunseeker has most certainly made their mark in the category.

Currently, there are few available used boats in the United States for this model so waiting for inventory to become available may take some patience or travel. If you're looking to purchase a Sunseeker 65 Sport Yacht, expect to pay between $3 million and $4 million depending on engine power, hours, equipment, condition, and location . The available Sunseeker 65's should include features like Seakeeper Gyro Stabilization, upgraded generators, and Garmin electronics.

If you have questions about purchasing a new or used boat, please don't hesitate to contact us at [email protected] or our main office at 718-984-7676. Whether we carry the model as a new boat brand or not, our team of expert sales professionals can guide you through the selection process so you make the most informed decision possible that meets your boating needs.

What Do Other 65-Foot Sunseeker Yachts Cost?

The Sunseeker 65 Sport Yacht isn't the only model in this length range that Sunseeker has built or is available on the brokerage market. The Sunseeker 65 Manhattan was a popular boat that first premiered in 2014. While it doesn't go quite as fast as the 65 Sport Yacht (the 65 Manhattan tops out under 30 knots), it does feature a full flybridge with hardtop, something many boaters desire on their yacht. The cost of a Sunseeker 65 Manhattan is going to run between $1.2 million and $1.8 million, depending on the year it was built.

(Below: The Sunseeker 65 Manhattan.)

Another model in this range is the Sunseeker Predator 64, which has a length of 64' 9". While it doesn't have the '65' in the model name, the boat should be considered 65-feet for these purposes. You will not notice a difference in the length between the Predator 64 and the Manhattan 65, for example. The Sunseeker Predator 64 first hit the market in 2009 and is no longer built today. You can still find a Predator 64 on the brokerage market that are selling for between $650,000 and $1 million.

(Below: The Sunseeker Predator 64.)

One feature that the Sunseeker 65 Sport Yacht has over the other previous models is their dedicated, optional Beach Club area. By carrying the tender on the swim platform, the tender garage gets transformed into a private spot right at the water's edge and features a wet bar, fridge, BBQ, and moveable furniture. This allows the owner to create the perfect arrangement of seats for the amount of guests on board, facilitating conversation in the most beautiful environment. There is also a massive sunpad aft of the cockpit with an adjustable backrest, allowing the sunbathers to position themselves facing either direction. (Seen below.)

Since 1964, SI Yachts has been one of the most successful new boat dealers and yacht brokerage firm in the Northeast. Now with a presence in Florida, SI Yachts offers a true North-to-South connection for our clients. If you are looking to sell your yacht , allow the team at SI Yachts to provide you with a pricing analysis on your vessel, as well as a personalized, targeted marketing plan to help get it sold fast and for top dollar. Not only does your boat receive a professional representation with high-quality photos and video, but it is also sent to hundreds of websites through two separate MLS feeds. It is even sent to our competitors' websites for maximum exposure. Contact us today for the sale or purchase of your next boat by email [email protected] or calling our main office at 1-718-984-7676. We look forward to earning your trust, your business, and your friendship.

Other Sunseeker-related Articles Here:

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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.

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An award winning sub 60 foot sailing yacht. Well-appointed with a powerful sail plan, she is ideal for shorthanded sailing

The Oyster 565 is a yacht without limits.

Practical and spacious for exhilarating blue water sailing, or relaxed coastal cruising for a couple, family and friends.

Powerful performance

A combination of the latest automated sail-handling equipment, large sail area, wide beam and twin rudders make the Oyster 565 a joy to sail shorthanded in any conditions.

Exceptional space

The large volume below decks on this 60 foot sailboat facilitates a spacious saloon, longitudinal galley, impressive owner’s cabin aft and a choice of cabin layouts, making her an ideal, luxurious liveaboard yacht – a home away from home for big adventures.

Iconic Oyster styling

The Oyster 565 60 foot sailing yacht builds on the many accomplishments of the pioneering Oyster 56 and 575. She displays all the core Oyster design cues and features found on our larger yachts.

QUICK LINKS

More information

The new 565 Series II

The pursuit of perfection continues

LOCAL EXPERTISE

For new yacht sales and our service operation in the Americas, visit our offices in the heart of the US East coast sailing scene, Newport, Rhode Island. We would be delighted to help.

Sleek, elegant lines and superyacht inspired features of the 565 epitomises the iconic style and spirit of Oyster yachts.

Oyster style and performance

The oyster 565 is amongst the best 60 foot yachts for sale, built using the most robust marine design and technology available and specified well-beyond normal requirements, to withstand the toughest of environments..

The 57 foot hull of the 565 is designed, engineered and certified to meet Lloyd’s Register Certification and constructed using the highest quality materials. It features a reinforced, monolithic composite structure for superior strength, stiffness and weight-optimisation, with further reinforcement in the slam zones and keel area.

Incorporating the latest nautical and domestic technology, every element from the hull, winches, through to the generator and door hinges are specifically specified for performance, strength and longevity. The levels of finish and luxury are of the highest standards thanks to the skill of our designers and master craftspeople. Every detail of the Oyster 565, from the strength of the hull, down to the smallest fixing, has been considered for outstanding robustness and seaworthiness to give you complete confidence at sea.

Oyster’s DNA runs through the length and breadth of the 565’s sleek lines. Naval architect Rob Humphreys-designed twin rudder hull form creates a longer waterline, delivering meaningful power and balance.

Packed with features cascaded down from our larger yachts – from the signature triple Seascape windows to the optional superyacht inspired hydraulic bathing deck, the 565 is a true luxury 60 foot sailboat for sale. The instantly recognisable deck saloon offers the perfect place for guests to relax under sail or at anchor. Twin helm stations are centrally located aft of the cockpit and with concealed lines, together with flush fore and aft decks, moving around is safe and easy, while providing ample space for entertaining.

The Oyster 565 is a joy to sail shorthanded or with a crew.

Designed for fast cruising, this 60 foot sailing yacht has an impressive turn of speed. The standard push-button in-mast furling, with a fractional-rigged sail plan, make her easily manageable in any conditions.

Twin helm positions house the intuitive powered sailing controls and navigation equipment, with electric winches in easy reach. A fixed bowsprit accommodates a choice of asymmetric sails and the 105% overlapping headsail. Her wide-beam aft and twin rudders make her sure-footed and well-balanced in boisterous seas, yet light, direct and agile on the helm. On long passages, she ticks off the miles effortlessly and when arriving safely at your destination, her optional, powerful, retractable bow and stern thrusters make her simple to manoeuvre – spin her on her keel and slide into the tightest berths.

The exceptional volume below decks offers the opportunity to create stylish contemporary interiors that make a real home from home.

Contemporary luxury and comfort

The interior of the oyster 565 offers an expansive sense of space not normally found on a 60 foot sailing yacht, thanks to the volume created by her generous beam..

Well-appointed throughout, the social spaces, galley and cabins are all well-proportioned, comfortable and luxurious, while being eminently practical. With materials, fixtures and fittings carefully considered, from the mood lighting system to the saloon table, optional day bed and intuitively positioned grab rails – everything is specified to the highest standard. Oyster’s attention to detail reveals itself in everything from the beautiful handcrafted cabinetry, hand-assembled wiring loom, to the rubber mounted wooden floors that eliminate floorboard creaks. With a choice of versatile cabin layouts, there is space for up to six guests and on extended ocean passages the versatile work room doubles as a cabin for an additional crew member.

Oysters are a platform for adventure, designed to take you anywhere in the world in luxury, comfort and safety.

Informed by decades of owner adventures, the Oyster 565, the best 60 foot sailboat, is a liveaboard yacht designed for long periods at sea. Every inch has been considered to provide a welcoming environment, extensive stowage and easy access for maintenance.

On deck, a convenient forward sail locker and a full width lazarette aft provide excellent stowage. Down below, the heavily cored hull creates a real sense of peace and calm, a safe haven in heavy weather. Home luxuries include full-sized appliances in the longitudinal galley, which is well designed and equipped for cooking at sea. The saloon is light and spacious, with excellent natural ventilation from the forward opening saloon windows and optional air conditioning. The generous cabins, quality, deep mattresses, island berths, mirrors, cedar lined wardrobes and en suites create living spaces that are relaxed and comfortable.

All new Oysters feature technology you would expect and the 565 is no exception.

Equipped with a variety of convenient and connected tech, living aboard is easier, more enjoyable and safer than ever before. From Infotainment systems, wireless sound and sophisticated mood lighting, through to optional internet, WIFI and enhanced navigation systems, the 565 delivers on technology we take for granted. The dedicated navigation station in the heart of the saloon is the technology hub, featuring a optional PC, lift-top desk; plotter; VHF radio; power management; generator control; switchboard; and plenty of power sockets. It doubles as the ideal work-aboard space and is home to the Oyster Command™ system – Oyster’s intuitive digital switching system which connects everything including entertainment, utilities, lighting and monitoring systems. It can also be accessed from the helm station and additional touchscreens can be fitted in cabins as an optional extra.

Entries open for the Oyster World Rally 2028-29. Embark on the sailing adventure of a lifetime

The joy of Oyster ownership

There is more than just pride on offer when it comes to owning an Oyster 565. Every new Oyster comes with a comprehensive warranty, personalised care, access to our global service network, unrivalled support, life-changing experiences and so much more.

On an Oyster the world is yours.

OYSTER OWNERSHIP

Ownership benefits rarely experienced in marine

TECHNICAL DETAILS

Specifications & features

Lloyd’s register certified deck.

The industry-leading mark of safety and build quality, giving you complete peace of mind.

Hydraulic in-mast and headsail furling

Seldén hydraulic in-mast furling (IMF) for the mainsail and a Furlex hydraulic system for the headsail fitted as standard, making easy shorthanded or singlehanded sailing a reality. Push-button controls at pedestals and beside both primary winches, deliver fingertip control.

Electric winches

Push-button control powered Lewmar primary and mainsheet winches make sail handling effortless.

Retractable hydraulic bow and stern thrusters

Powerful Sleipner Sidepower retractable bow and stern thrusters enable easy, close quarters manoeuvring.

Charges batteries and power 240v equipment on board with the standard Onan 11kw 4 cylinder diesel generator. With substantial sound proofing and anti-vibration mounts, it is whisper quiet.

B&G Navigation package

The standard B&G navigation system features the B&G NAC 3 Pilot Computer, with a Triton² keypad for autopilot control and a B&G Zeus³ 9” multifunction display at the navigation station and port pedestal, which interfaces with B&G and CZone systems.

Touch screen controls

Oyster Command™ digital switching system controls everything from on board entertainment and lighting, all your main systems, utilities and monitoring, through to touchscreens at the helm and chart table.

Extensive on deck stowage

A full width lazarette and separate sail locker provide ample storage for all your bluewater adventure kit, sails, rigging and mooring gear.

Flush teak decks

Extensive, sustainably sourced, quarter-sawn, full-depth seamed teak ensures maximum longevity of our hand-laid teak decks. Smooth and natural underfoot, they look stunning.

Opening saloon windows

Oyster’s unique deck saloon forward opening windows provide excellent ventilation, allowing fresh air to circulate freely through the yacht while at anchor or under sail.

Pushpit seats

For the best seats aboard, the optional pushpit seats provide great views and the perfect spot for sundowners after a memorable day’s cruising.

Bathing deck

The standard open stepped transom can be upgraded to accommodate a substantial, hydraulic opening bathing platform, enabling easy access to the water or tender.

Wood options

Choose from a selection of wood themed interiors, including shades of sustainable sourced standard Oak joinery, or optional Maple or Walnut, etc.

Hydraulic passerelle

Operated at the touch of a button, step ashore with ease by fitting the optional, hydraulic, retractable passerelle, mounted in the transom.

Entertainment package

Choose from a range of integrated PC, communication, internet and AV systems to suit your personal preferences.

Saloon day bed

The multifunction saloon table can be raised and lowered to create a comfortable day bed, perfect to relax on and enjoy an integrated widescreen TV.

Air conditioning

Keep the interior at the perfect temperature with air conditioning (and generator) that cools and heats. Controls in each cabin allow guests to adjust the temperature, based on their personal requirements.

B&G upgrade package

Upgrade the standard B&G navigation package with the additional instrumentation, charting and communication equipment.

Enjoy 100 litres of fresh, homemade water per hour from a reliable Dessalator watermaker, with automatic controls and manual override.

Add davits to the stern deck for a practical dingy stowage solution when cruising and fast, efficient access when exploring at your destination.

Hull colours

Personalise your Oyster 565 with alternative coloured hulls, mast and sails. See our colour picker for inspiration.

Plans and interior layouts

Colour inspiration

EXPERT OPINION

Independent reviews of the Oyster 565. Find out what the experts have to say.

The Oyster 565

Join us at our upcoming boat shows to see our stunning new generation bluewater cruisers

Configure your 565

Create your dream Oyster 565 using our yacht configurator

Oyster World Rally

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The Oyster Fleet

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Setting a new benchmark for 50 foot yachts.

The new Oyster 595, a 60 foot sailing yacht capable of great things.

A versatile sub 70 foot sailboat designed for the adventurous at heart.

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OYSTER WORLD RALLY

The Oyster World Rally 2028-29. Embark on the sailing adventure of a lifetime. Entries open 18 June 2024

Experience the sailing adventure of a lifetime in real-time. The Oyster World Rally 2024-25

New 565 Series II

LUXURY CHARTER

Experience exhilarating sailing, luxury and style on an oyster charter. personal, exclusive and uniquely oyster.

Oyster 825 iSNL

Phenomenal opportunity to own an incredible lightly used 2019 oyster 825.

oyster ownership

Personalised care, unforgettable experiences and lifelong yacht support.

Follow the Oyster World Rally 2024-25 fleet live

Winner of European Yacht of the Year 2023. She sets a new 50 foot bluewater benchmark, offering a stunning combination of sailing performance, comfort, safety and luxurious living space.

Heralding a new generation of Oysters, this 60 foot bluewater cruiser is a sailing yacht for all oceans. Practical and well-provisioned for long distance sailing or cruising in coastal waters.

The much-anticipated Oyster 595 is well-proportioned and extremely versatile. Offering exciting, customised build options with no compromise, she is capable of great things.

A versatile sub-70 foot sailboat offering the perfect balance of size and practicality. She can be sailed shorthanded effortlessly or take a full crew and up to eight friends and family.

This long range 75 foot cruising yacht is designed for very big adventures. A joy to sail yourself, she also boasts dedicated crew quarters.

Oyster 885SII

An exhilarating 90 foot sailing yacht, delivering comfort and safety with uncompromising performance. She is capable of taking you anywhere in the world effortlessly, in luxury and style.

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The Price Tag of Luxury: How Much Does a Yacht Cost?

In the realm of luxury living, only a few icons symbolize the epitome of luxury and adventure, like a majestic yacht. However, one question stands. How much does a yacht cost? A diverse array of styles, sizes, and amenities can be found on luxury yachts. Therefore, the cost of owning one can vary significantly.

Fortunately, there is a general method of evaluating the cost of purchasing and maintaining a yacht. Yacht Management South Florida, Inc. We are renowned for delivering the best yacht management services across South Florida.

Our expert team has years of experience in the industry, providing reliable and accurate information for anyone looking to enter the yachting world. We have crafted a comprehensive guide to streamline and understand the total costs of yacht ownership. 

How Much Does It Cost to Buy a Yacht?

As mentioned previously, the cost of a yacht varies depending on many factors, such as size, brand, age, and condition. Yachts can come in a wide range of sizes, from vessels under 40 feet to superyachts that exceed 100 feet in length. Yachts th

at are smaller in size can be purchased for a few hundred thousand dollars, making them more affordable for first-time boaters or those with a smaller budget for their recreational boat. Vessels that exceed 100 feet tend to cater more towards the boating elite, and the cost can reach millions of dollars due to the extensive craft and luxury. 

In addition to the initial cost of a yacht, prospective yacht owners must keep in mind the ongoing expenses of owning a boat, including: 

• Maintenance
• Crew salaries
• Dockage fees
• And more These operational costs can vary significantly depending on the size of the vessel. Still, the rule of thumb is to estimate 10% to 20% of the yacht’s purchase price to operational maintenance costs annually. 

How Much Is a 100-Foot Yacht? A 100-foot yacht is the ultimate epitome of luxury in the yachting world. Any vessel above 100 feet offers unparalleled space, comfort, and features to provide a supreme escape out to sea. However, such luxury comes with great responsibility and a hefty price tag. On average, a luxury superyacht can cost tens of millions, especially for a reputable yacht manufacturer. Remember, these prices for more lavish and technologically advanced yacht models can drastically increase.

Yacht Maintenance Costs Effectively maintaining a yacht, specifically in a maritime haven like South Florida, entails various maintenance tasks such as yacht hull painting, fiberglass yacht repair, and gelcoat blister repair. Yacht owners must budget themselves accordingly for routine yacht upkeep, repairs, and cosmetic enhancements. Regular maintenance is imperative for South Florida yacht maintenance to preserve your vessel’s longevity due to the salty air and warm climate. As yacht costs vary, yacht maintenance costs can also fluctuate depending on a vessel’s specific needs.

 Ensuring that you prioritize basic yacht upkeep tasks is essential for keeping your boat in top-notch condition. 

Our South Florida Yacht Management Services Understanding the cost of a yacht is important, but being aware of the costs associated with yacht maintenance is equally important for yacht owners. Yacht Management South Florida, Inc. is prepared to assist yacht owners in understanding the crucial yacht maintenance services their yacht requires.

Contact us today to learn more about how we can tailor our services to meet all of your yacht maintenance needs and have peace of mind that your vessel is in expert hands. 

Related Readings: Breaking Down Our Yacht Management Services in Fort Lauderdale Maintaining a Clear Coat for Fiberglass Boats

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Performance

The Bering 65 is a classic yet refined raised pilothouse vessel. Constructed with a steel hull and an aluminum superstructure, this explorer vessel combines luxurious comfort and unwavering reliability along with sensible pricing. Powered by Cummins QSL 9 335 HP marine diesel engines, the Bering 65 has a top speed of 10 knots and a cruising speed of 8 knots.

The Bering 65 luxury yacht delivers an impressive autonomous range of more than 4000 nautical miles at cruising speed. The Bering 65 has an efficient fuel consumption of 25 GPH (95 LPH) at 10 knots with 1700 RPM.With 4,490 gallons (16,800 liters) of fuel, adventurers can enjoy thousands of miles of uninterrupted cruising, at a combined rate of 8 gallons (30 liters) per hour

Perfect not only from the outside

Created by:

• Exteriors: Sabdes Yacht Design
• Interiors: Bering Yachts In-house Team
• Furniture: Bering Yachts In-house Team
• *related to the shown renders

Brief Specifications

Bering 65 is a rugged and classical-looking steel yacht capable of any ocean crossing. She is quiet, solid, and leaves a graceful wake underway. Her displacement is over 224,800 lbs (102 mT). With 4,490 gallons (16,800 l) of fuel, you can cruise continuously for thousands of miles burning a combined 8 gallons (30 l) an hour at 8 knots.

Her interior is lavishly crafted with beautiful woodwork and a variety of counter, flooring, and upholstery selections.

The saloon features built-in seating on both sides with a large dinette to starboard. An entertainment center forward of the settees has a large flat-screen TV surrounded by hand-finished woods of your choosing. Large double aft doors can be opened when maximum ventilation is desired or when entertaining large groups. A staircase forward leads to the lower staterooms.

The full-width galley is just aft of the pilothouse steering room but on the same level. Refrigeration units and in-wall oven(s) are located off to the port side, along with drawer storage and an optional wine chiller. To the starboard side, you have a cooking surface, trash compactor, sink, dishwasher, and dry storage. This galley is bright and airy, thanks in part to the open bulkhead and its location above the saloon’s elevation.

Forward of the galley, the pilothouse is the command where most of the ship’s controls and displays are collected. From here, you can monitor all critical systems such as tank levels, engine metrics, and battery banks. This lower helm station is perfect for steering in inclement weather conditions. Wing doors lead to both port and starboard side decks. Extensive window placement on three sides provides complete forward and adjacent viewing of your surroundings. An L-shaped settee located aft of the helm chair is perfect for hanging out with the captain while underway and offers an alternative place to lounge and read if you wish some separation from the saloon.

The master stateroom can be located forward as a v-berth of aft, or as an amidships stateroom. Bering 65 is set up as a three-stateroom layout in its standard configuration, with each stateroom having its own bathroom.

The engine room houses the twin diesel engines in addition to many of the ship’s machinery components. Bering Yachts places great emphasis on minimizing noise and vibration coming from this space. The entire engine room is surrounded by acoustic paneling and heavy bulkhead insulation. The engine room’s aft is utility/storage space, perfect for such things as fenders, water-maker, dive compressor, and tool storage.

Access to the swim platform is available through either of the outboard stairwells in the cockpit. The aft platform is located just above the waterline to allow for easy access to your tender or water toys. Throughout the deck spaces, you will find intelligent and thoughtful touches such as the numerous mooring cleats, freeing ports to quickly clear the decks of green water, and ergonomic handrails for maximum security.

The covered cockpit provides additional outdoor living space regardless of weather conditions, be it intense tropical sun or a rainy day at anchor. The cockpit settee and table are perfect for outdoor dining, visiting, or just comfortably lounging. Covered side decks and tall bulwarks provide a very secure walkway to the Portuguese bridge and foredeck. Large storage lockers inside the Portuguese bridge are perfect for storing docklines, hoses, and equipment. Molded-in seating on the foredeck puts you out in front with a view second to none!

Bering 65’s covered flybridge helm station and seating area provide exceptional views whether underway or at anchor. With generously sized settees and the option to have any combination of refrigeration, outdoor grilling, stainless sink, etc., you can entertain guests with ease. The aft boat deck can easily accommodate a 4.2 meter tender, effortlessly launched and recovered with a hydraulic crane. The boat deck stairwell connects the covered cockpit, which means you don’t have to move through the interior spaces when you wish to head up to the upper deck after swimming or diving.

Bering fleet

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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 it cost to charter a yacht?

There are many things to consider and first time charterers can be left confused, that's why we've created a comprehensive guide to yacht charter prices (with a checklist).

The good news: It’s easy to grasp the basics of yacht charter pricing. And with one of our experts in your corner, we can help you more accurately estimate the cost of your next once-in-a-lifetime vacation.

The cost of a yacht charter is dependent on a number of factors, including the type of yacht, the charter destination, local taxes, and the base cost. (If the yacht has a celebrity owner, well that too, can add to the cost.)

Therefore, yacht charters have a wide range of base prices. That’s why charters can cost from $10,000 per week on smaller sailing yachts and catamarans, up to $150,000+ per week on the most luxurious motor superyachts.

What else can you expect to pay? This overview – a part of our planning resource, the Charter Advice Guide – offers an in-depth look at charter yacht costs.

Yacht Charter Price Structure: “All-Inclusive” vs “Plus Expenses”

In the world of yachting, two types of crewed yacht charters are available to you – “All-Inclusive” and “Plus Expenses” charter experiences. What do these terms mean exactly? Here’s a quick look:

• All-Inclusive Yacht Charters – Some charters (mainly catamaran and monohull charters in the Virgin Islands) offer all-inclusive rates. That means rates are based on the number of guests, and they include all food and drink, water sports, and fuel costs. Dockage and taxes, though, are usually charged separately.
• Plus Expenses Charters – Rates for larger motor yachts do not include running expenses, which must be paid separately. For these luxury charters, the base price is for the yacht only. Additional expenses, i.e. food, bar, fuel, dockage, port taxes, and other expenses, are charged separately. Most frequently, the running expenses are paid by an Advance Provisioning Allowance, or APA, which is typically 35% of the base price; this is an amount that’s paid prior to the charter.

Our chart below offers a quick overview of what’s included in both of these types of charters.

Average Yacht Charter Cost: Base Prices

What can you expect to pay for a catamaran, a sailing vessel, or motored yacht? Here’s a quick overview of the average cost to rent a yacht (not including extra expenses) for the most common types available:

Factors that Affect Yacht Charter Prices

Since charter yachts are privately owned, prices are set by the owner. This can explain, in part, the wide range of differences in price between boats of similar lengths. Yet, several other factors can significantly impact price, including:

• The Yacht – The year the boat was built, the builder, previous owners, and the boat’s selection of water toys can also increase the cost of a yacht. Boats can also develop a reputation, i.e. the largest or most luxurious, or having a famous builder or previous owner. Reputation can also affect pricing.
• Season – Prices typically increase in the high season – i.e. high summer in the Mediterranean or winter in the Caribbean – and decrease in low seasons.
• Destination – Your charter destination also plays a role in charter cost. For example, prices increase in areas without large charter fleets (i.e. the Galapagos), whereas Bahamas yacht charters,   BVI charters , or Mediterranean yacht charter are priced more competitively.

Additional Costs Considerations on Yacht Charter

In addition to the cost associated with running the yacht and provisioning, there are a number of other costs that must be considered. These are the most significant:

Advanced Provisioning Allowance

The APA on Plus Expenses charters equals roughly 35% of the yacht’s base price. This is a fee that’s collected prior to charter, and it’s similar to an expense account the captain can access during the charter. At the end of the charter, you will receive a detailed accounting of your APA account, plus any unused APA funds in cash.

In the case of overages, you may be required to replenish the APA account during the charter. This can be done with cash, although many choose to set up accounts with their charter brokers , which can be accessed if requested by the captain.

Taxes and Value Added Tax (VAT)

Most boats – whether all-inclusive or Plus Expenses – will not include local taxes or a Value Added Tax into their charter rate. The charterer will be responsible for paying those taxes. Taxes range significantly by destination; here’s a look at some of yachting’s most popular destinations:

• The Bahamas – Tax: 4% plus 10% VAT
• BVI – Tax: between $6 and $16 per person per day, depending on the flag of the boat
• Croatia – VAT: 13%
• Florida – Tax: 6% for Broward County, 7% for Miami-Dade County
• France – VAT: 20%, however, 10% can be applied when an itinerary includes International Waters
• Greece – VAT: 12%
• Italy – VAT: 22%, however 6.6% (over 24m) and 8.8% (under 24m) can be applied when an itinerary includes International Waters
• Montenegro – NO VAT
• New England – NO TAX
• Spain – VAT: 21%
• Turkey – NO VAT

Charterers can purchase cancellation and curtailment insurance – which is similar to traveler’s insurance. This insurance can help cover costs if a charterer must cancel or shorten the charter. Charter brokers can help you weigh insurance options, and often offer several different options.

Crew Gratuity

While crew gratuity is certainly not mandatory, it is recommended, particularly if you were truly impressed with your charter experience. In general, crew gratuity is roughly 15-20% of the base charter rate, which is handed to the captain at the conclusion of your charter.

Delivery Fees

While these fees do not apply on most charters, you may be asked to pay delivery costs if you are not chartering in the yacht’s normal cruising ground. In most cases, you will only be required to cover the fuel for the trip.

Call Worldwide Boat today to learn more. Our Charter Specialists are here to assist you with every detail and explain all charter costs. Or read our Charter Advice guide for more information and tips for planning your charter vacation.

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Additional Charter Cost FAQs

What are standard private charter yacht prices?

There are a number of factors that affect charter yacht pricing. However, on average, a week-long private yacht charter costs anywhere from $10,000 on luxurious sailing yachts and catamarans, and up to $150,000 for superyachts.

What affects charter yacht prices?

There are several things that influence how much your yacht charter will cost. The type of vessel, charter destination, length of trip, base cost, time of year, and local taxes all make a difference.

How much does it cost for a crewed vessel?

Charter yacht prices do increase when hiring a crew along with the boat. At Worldwide Boat, we offer two types of crewed charter experiences: all-inclusive and plus expenses. An all-inclusive charter yacht includes accommodation for all guests, food and drink, water sport activities, and fuel costs – dockage fees and taxes are charged separately. A plus expenses experience accounts for just the yacht’s base price. Things like food, drinks, fuel, dockages, taxes, and other expenses are charged separately and are usually estimated to be about 35% of the base price.

What’s included in all-inclusive boat charters?

At Worldwide Boat, your all-inclusive charter experience includes a diligent and friendly crew, water toys, food, drinks, fuel, water and electric services, and occasionally diving experiences.

What are some additional charter boat costs to consider?

After finding a base price you’re comfortable with and evaluating your package, you’ll also want to consider delivery fees, crew gratuity, insurance fees, taxes, and Advanced Provisioning Allowance rates. If you are responsible for these fees, your crew will handle the necessary transactions on your behalf.

What does it cost to rent a 100- foot yacht charter?

This depends on what type of vessel you’re looking at and how long you’ll need it for. The average weekly cost of a 100-foot sailing yacht is between $50,000-100,000. A weekly 80-foot catamaran charter runs around $40,000-100,000, and a week-long 100-foot motor yacht rental is anywhere between $50,000-80,000.

Does the price to rent a yacht change depending on what type of boat it is?

Yes. Worldwide Boat offers sailing yachts, catamarans, and motor yachts. All of these vessels have different capabilities, but there are other factors that determine the price beyond what type of boat you choose. The year the boat was built, owner, availability of water toys, onboard amenities, and the ship’s reputation can all change how much the ship is priced at.

When is the high season for yacht charters?

The price of a yacht fluctuates depending on the season. A Mediterranean yacht charter cost rises in the summer and drops in the winter, whereas Caribbean boat charter prices are high during the winter and lower in the summer months.

How does my destination affect charter yacht cost?

The more remote an area is, the more expensive it will be to charter a yacht there. That’s because prices go up in areas that have fewer boats. If you were to travel somewhere like the Galapagos, which isn’t a typical yacht destination, you’d pay more than you would if you were traveling to the Caribbean.

How much do I tip the crew when reviewing my yacht charter expenses?

It’s not required that you tip your crew, but it is recommended and appreciated. If you had an enjoyable experience it’s considered polite to tip your crew anywhere from 15-20% at the end of your charter.

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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.

GEG Calculators is a comprehensive online platform that offers a wide range of calculators to cater to various needs. With over 300 calculators covering finance, health, science, mathematics, and more, GEG Calculators provides users with accurate and convenient tools for everyday calculations. The website’s user-friendly interface ensures easy navigation and accessibility, making it suitable for people from all walks of life. Whether it’s financial planning, health assessments, or educational purposes, GEG Calculators has a calculator to suit every requirement. With its reliable and up-to-date calculations, GEG Calculators has become a go-to resource for individuals, professionals, and students seeking quick and precise results for their calculations.

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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.

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 Home Addition Cost to Build in 2024?

By Brie Greenhalgh

Updated on May 21, 2024 2:26 PM EDT

19 minute read

Photo: istockphoto.com

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• The typical cost range to build a home addition is between $21,000 and $100,000, with a national average cost of $48,860.
• The exact cost of a home addition depends on the size of the addition, scope of the project, cost of labor and permits, materials used, geographic location, building direction, site prep, and cleanup.
• A home addition has numerous benefits, including additional space, more storage, and an increased home value. It can also be an alternative to moving.
• Adding onto a home is not a DIY project since it involves framing, roofing, plumbing, electrical, and other tasks best left to a pro. However, homeowners can take on minor tasks such as painting to save money on labor costs.

Ready to add some space to your house? Home additions are a popular way to maximize an existing property by adding new rooms to the floor plan. You could build another bathroom, bedroom, living space, garage, or even an entire apartment. Each kind of room comes with its own complexity, so home addition costs have a wide range of prices: $21,000 to $100,000, or an average of $48,860. The total price depends on the kind of space you’re adding, the size, complexity, materials, and labor. Home additions make a great investment in your home, and you can often expect a significant return on your investment. If you’re committed to adding on to your house , but you’re wondering about home addition costs, then read on for the cost of home additions—and how to save money.

Factors in Calculating Home Addition Cost

Home additions typically cost more than a single-room remodel or renovation since there are more factors to consider, particularly if you’re adding more than a single room’s worth of space. If you add space on the ground floor, contractors will need to add a new foundation plus all the standard building materials from wood to shingles. While some additions can be a simple add-on to the back of the house, others are much more complex and require an architect to ensure the existing home doesn’t lose structural integrity. Knowing the location and style of addition you want to add will help guide the first steps of the budgeting process.

Project Size and Scope

As is typical for any construction project, much of the cost is determined by the total size. The bigger the space, the higher the price. Home additions cost $80 to $200 per square foot. Adding a spare room is a common project, and the average cost ranges from $32,000 to $80,000 for a 20-foot by 20-foot room, with the higher end including more customization or luxury fixtures.

Labor and Permits

There’s no way around most labor costs on a large project like a home addition. They tend to make up 30 to 50 percent of the total price. You’ll be paying for skilled laborers like electricians, roofers, siding contractors, drywallers, and painters, depending on the type of space being built. Additionally, home additions are significant projects that require building permits from local authorities. Obtaining a permit will be the first step a general contractor takes to make sure the project can proceed as planned. Expect to pay between $400 and $1,850 for permits.

The range of materials used for home construction is vast: concrete, wood framing, drywall, paint, electrical wiring, ductwork, roofing materials, plumbing, and more. Beyond these basic materials, include any customizations and accents like flooring, exposed beams, lighting, fixtures, windows, and doors into your budget. The cost to build a garage will also be different since you may need fewer common materials for an unfinished garage but then have to include a big-ticket item like an automatic garage door. Each material comes with an associated cost that is based on current market prices for the region.

Geographic Location

Home construction costs vary from state to state and city to city. Homes with the same square footage could have a valuation discrepancy of millions of dollars in some coastal urban areas compared to others cities farther inland. Home addition costs will be reflected by the home’s current valuation and the cost of labor and materials in the region. A booming construction market tends to push prices higher, too.

Building Direction

There are two directions you can build when adding onto a house: up or out. Building up tends to be less expensive and could be your only option on a smaller property. If you have an existing garage, building on top of it is more economical since the foundation is typically built to withstand more weight. Building out is often more expensive since a new foundation will need to be laid, and there may be structural issues to address to make sure the roofline and walls remain strong with the new addition. Talk with your contractor about which option works best for the property and budget.

Site Preparation, Excavation, Demolition , and Cleanup

No matter where you build the add-on, the contractor has to prepare the site for new construction. This could include demolishing part of the roof or house, landscaping, or concrete that’s already on the ground. It costs $1,276 to $5,024 to prepare a site for new construction.

Home additions generate quite a mess despite efforts to minimize the dirt and debris. As part of the construction process, the contractor should include time and effort for cleaning up the project. This should consist of hauling away any debris or extra materials and cleaning up dirt, dust, and debris from the floors, walls, counters, and windows. It usually costs $550 for a post-construction cleanup.

Architectural and Contractor Services

If you’re wondering, “How much does it cost to build a garage?” then be sure to also factor in an architect’s services. Adding a significant structure to your house should look intentional and match the current style and design to maximize ROI (return on investment) and curb appeal. For $2,020 to $8,400, an architect can draft an updated blueprint that includes all structural considerations and the aesthetics of the home addition. Permit approval will also require these blueprints.

Hiring a general contractor may seem daunting and expensive, but the peace of mind knowing they are capable of handling a complex project is worth it. General contractors usually cost $150 per hour, and their total cost can add up to approximately 10 to 30 percent of the final bill. General contractors will obtain permits, hire and coordinate subcontractors, purchase materials, and ensure the job proceeds on schedule.

Additional Costs and Considerations

Most of the additional costs for home additions are made up of essential materials. The difference in total price will be based on how much of each material is required for the size of the addition, as well as the quality of the material.

Foundation Materials and Installation

Adding a foundation for a home addition is a critical first step that can’t be skipped if building out. On average, the materials will cost $400 to $700 for 100 square feet, but the installation will cost $4,000 to $12,000. Much of these costs will be based on the size of the foundation. To find out how much it is to build a garage, talk with a garage contractor to find out if you’ll need to reinforce the concrete or build it thicker for your vehicles.

Roof Framing and Materials

A waterproof roof makes for a livable space that protects from the weather, so don’t skimp on these materials. Roof framing costs $700 to $900, and roof materials cost $500 to $5,000 for 100 square feet. You’ll want to use the same material as your existing roof, with the closest color match possible. Adding shingles will cost between $80 to $100 per square foot, but steel roofing costs between $75 and $350 per square (10 feet by 10 feet).

Siding and Trim

Many homes use vinyl siding to complete their exterior with a uniform look, so if your house has siding, you’ll need to budget for adding siding to the new construction. Vinyl siding averages $4 per square foot, and the trim costs $2 to $5 per square foot.

Drywall Ceiling and Walls

While in some climates you could install an unfinished garage without drywall, every other home addition will require drywall to cover up the insulation and electrical wiring and create the dividing walls between other rooms. To drywall 100 square feet, expect to pay $400 to $600. It costs about $1 to $3 per square foot to install drywall on the ceiling and walls.

Any structure considered a habitable space (not a garage) is required to have insulation. The type and thickness requirements are based on local building codes that a contractor will know. It costs $2 per square foot to install insulation. Adding more or thicker insulation will cost more, and using blow-in insulation typically costs at least $2.88 per square foot.

Doors and Windows

Adding natural light is a common preference when adding to a house—but it comes at a cost. Windows are a fast way to increase the cost of an addition, whether by their size or number. At a minimum, it costs $235 to install a window, but you could spend up to $2,500 for a customized window. Doors typically cost $1,000 to install, but hollow interior doors are less expensive than heavy exterior doors or glass doors. In both cases, adding a heavy frame or molding will add cost as well.

Electrical, Plumbing, and HVAC

Electrical wiring is essential for all home additions to make sure you have light and power for all those electronics. An electrician can wire the room to spec for a rate of $40 to $100 per hour. They’ll make sure the house is built to code to pass inspection when the construction is complete.

You might not need to install plumbing if you’re only adding on a bedroom or office; however, bathrooms, kitchens, and in-law apartments will need some plumbing installed to be fully functional. Plumbers typically charge $45 to $200 per hour to install plumbing and fixtures for a bathroom or kitchen.

Adding an HVAC system (or extension from an existing system) is necessary for habitable spaces. A garage may not need heating and air conditioning, but a bedroom will. Expect to pay around $1,150 to install new ductwork and vents for an add-on, but that price will increase if you need to add a new zone to the system to accommodate a significant addition.

Whether you’re considering the cost to add a bathroom or a bedroom, you’ll need to decide on the type of flooring you want to install. Linoleum and vinyl are the least expensive options, but you could also choose tile, carpet, or hardwood floors. The price ranges widely from $3 to $20 per square foot, so choose the option that fits your budget.

Landscaping

After the construction is done, you’ll need to turn your attention to the landscaping around the addition. Heavy equipment may have damaged more of the grass than expected, so consider replacing it with new sod to freshen up the space. Otherwise, factor in the cost to update the new area to match the existing landscaping with bushes, trees, or other features. Landscaping a new area could cost between $500 and $2,500.

Types of Home Additions

Choosing to add on to a house doesn’t have to be limited to a garage or bathroom. If your budget allows, you could expand the home’s footprint with functional and emotionally satisfying spaces ranging from bedrooms to sunrooms to family rooms. These less common options are completely doable and often solve the problem some homeowners have when they cannot find a new, larger house in their desired neighborhood. If you have the space, talk with a contractor about the associated costs of adding on any of the following types of additions.

Room Addition

Most homeowners are looking to add an extra one or two rooms to their house. This can be done on the ground level or the second floor. Room addition costs mainly depend on the kind of room being installed.

• Bedroom: A 10-foot by 12-foot bedroom costs $9,600 to $24,000 to build or an average of $80 to $200 per square foot. It costs less than a room that requires plumbing, but you’ll still need to add HVAC ductwork and finish work.
• Bathroom: Bathrooms can quickly surpass a budget if you have visions of a spacious, spa-like interior. High-end fixtures are the fastest way to increase the cost of a bathroom. You’ll pay between $20,000 and $90,000 to build a new bathroom, but consult with a contractor to determine how much does it cost to add a bathroom for your specific space.
• Sunroom: In sunny regions, adding a sunroom is a popular option that adds style and helps blend indoors and outdoors. You could build an all-glass or partial-glass sunroom, so the costs range from $25,000 to $80,000. Sunrooms typically don’t include any heating, so you’ll save on HVAC costs. Alternatively, you could purchase a prefabricated sunroom for $11,000.
• Four-season room: If having a sunroom all year makes you excited, then plan to budget for a sunroom that includes heat during the colder months. This feature will push the price to the higher end of the $25,000 to $80,000 spectrum, with an average of $300 per square foot in some cases.
• Family room: Creating a larger space for friends and family to gather is increasingly popular. When an outdoor deck isn’t an option due to frequent bad weather, opt to build a new or expanded family room. An 18-foot by 12-foot expansion will cost $17,300 to $43,200, with the higher end including custom built-in cabinets or high-end flooring.
• Kitchen: If your kitchen is too cramped, then adding more space can be helpful. Due to the complexity of the plumbing and electrical requirements, kitchen additions are more costly: $48,000 to $95,000 for 200 square feet.
• Laundry room: Design inspirations have made adding a laundry room a top option for home additions in recent years. You could add a new, stylish, functional laundry room for $5,000 to $7,000 for a space that helps you enjoy this chore.
• Home theater : For cinephiles, adding a home theater might top the wish list. This type of room typically goes in a basement, but extra soundproofing measures will be taken for an additional cost if it needs to be added on the ground level. Obtain a quote to know where your project would fall within the $20,000 to $70,000 range.

Second Story Addition

When a homeowner decides to add a second story, it’s usually to add more than a single room—adding just a single room on top of a house would look odd. Adding a second story costs $100 to $300 per square foot but could run up to $500 for complex jobs that require more shoring up of the original house. It’s common for second-floor additions to cost $150,000 to $200,000 for an additional 1,000 square feet of space.

Home Extension

In some cases, you may only need to do a home extension to get the extra space you need. These jobs range from garages and balconies to in-law suites and mudrooms.

• Garage: If it’s time to protect your cars or add more storage for outdoor equipment, you can expect to pay $23,900 or $49 per square foot for a 2-car garage. An enclosed garage will significantly increase your home value. Adding a detached garage without heating or air costs around $9,000 to $12,000.
• In-law suite: An in-law suite could range from a simple bedroom to a fully functioning studio apartment–style suite, depending on local building codes. The simple bedroom option costs $44,000, but a detached, fully independent, plumbed suite costs at least $100,000.
• Front porch: Porch options run from simple step expansions to full wrap-around verandas. Once you decide on the purpose of the porch, whether it’s functional or for entertainment, you can estimate the costs between $12,000 and $30,000.
• Modular addition: If you own a modular home, be aware that adding on is not always possible if the foundation can’t support it. But it’s possible to have a room addition prefabricated and added for a cost of $20,000 to $30,000. Speak with a contractor to learn which option is feasible for you.
• Bump-out: A bump-out is a small extension of an existing room. The cost depends on the house’s existing structure and materials, but the average cost is $4,000 to $9,000.
• Mudroom: A coat closet at the front door doesn’t seem to do the trick for larger families, so you might want to add a mudroom extension. For 36 extra square feet, you could pay $3,600 to $7,200 for a small room with closets, a door, and easy-to-clean flooring.
• Cantilever: If you’re adding a second floor to your house and want a larger footprint, you may need to cantilever the upper floor. This extends the upper footprint beyond the lower footprint by adding proper joists or even shoring it up with beams on the exterior. A cantilever addition costs $15,000 to $25,000 on average.
• Balcony: If space on the ground is at a premium—or you just want your own private outdoor space—a balcony is a fast way to gain an outdoor living area. A contractor can securely build a balcony suspended off an upper floor for $4,000 to $9,000.

Attic Conversion

Converting an open attic to a usable living area costs about as much as adding a new room, mostly to make sure there’s proper insulation, ventilation, light, and egress options. You can expect to pay between $40,000 and $50,000 for attic addition or conversion—they’re basically the same thing.

Benefits of a Home Addition

It’s a toss-up to decide where to spend your hard-earned money sometimes. If buying a new house isn’t an option, but you need extra space, then doing a home addition is a great solution. Home addition costs are well spent when improving and expanding a home. Here are several popular reasons to add to your home that will get you excited for this project.

Additional Space

This is likely the number one reason homeowners spend money on home additions. More space is a considerable benefit for growing families, holding large gatherings, or adding storage or living space. Adding only a few feet of space to a cramped bedroom can help couples regain their own space. Expanded living rooms offer more room for families and friends to gather for important events. More space allows for you to adhere to your lifestyle values.

Increased Property Value

Many household construction projects increase your property value—the question is by how much. No project offers a dollar-for-dollar return, which is why it’s wise to avoid extravagant upgrades that won’t make a significant difference. However, some projects can boost your property value. A master suite addition returns 63 percent, a bathroom returns 53 percent, and a second-floor addition returns 65 percent. You could speak with a real estate agent or home appraiser to get an idea about which additions and features will best help your property value.

Added Luxury

If your bathroom is as small and basic as it gets, bumping out your bathroom could be a huge benefit that adds spacious luxury to an intimate area. Having a little extra room to take care of your personal needs is fast becoming necessary to appeal to future home buyers. Additionally, expanding a kitchen to add more appliances or counter space is another way to make a common living area appear more luxurious.

Increased Storage

Building a garage offers two immediate benefits: protection for your vehicles and extra storage space. If you already have a garage but still need extra storage space, bumping out a larger area for a laundry room and mudroom could be a perfect idea. With built-in cabinets and closets, you’ll have plenty of space to store outdoor items or seasonal clothing and bedding.

Alternative to Moving

Almost every homeowner dreads the moving process simply because of the tremendous hassle of packing, moving, and then unpacking your life’s possessions. There’s also the possibility that you cannot find a house that suits your needs in the area you specifically want to raise your family. Choosing to build an addition on your home solves all of those problems—if you have space—and it’s usually cheaper than buying a new house.

DIY vs. Hiring a Professional

Home additions aren’t much easier than building a home in the sense that each part of the complex construction process is involved—just on a smaller scale. Since home addition costs can quickly become overwhelming, it can be tempting to wonder if you can do at least some of the work on your own. You could safely tackle some DIY tasks, such as removing existing landscaping to prepare the site, doing some demolition on non-structural features, painting the finished room, or installing new landscaping. However, unless you’re skilled at other tasks like plumbing, framing, roofing, or installing drywall, a general contractor should handle the project.

Home construction projects involve many moving parts to get the job done right and on time. From obtaining permits to scheduling contractors to ensuring materials are up to spec, the money spent on a contractor is worth it. Reputable contractors are licensed and insured to ensure you’re not liable for any accidents that could occur, saving you the potential embarrassment of calling your homeowners insurance company to explain an error you made that will now cost more to repair. You’ll also appreciate that general contractors can obtain some materials and fixtures that aren’t available to the public, so be sure to ask them about any items they may already have on hand or what they could recommend for your project. They’ll help guide your planning and building decisions as you begin this exciting process.

How to Save Money

Home addition costs quickly jump from affordable to expensive. Since spending more money on a home addition doesn’t guarantee an equal return on your investment, you’ll want to make sure you spend only what needs to be spent. Once you’ve got an idea of your budget and what kind of addition you need, use these suggestions to save money on your home addition cost.

• Get several bids. It only takes a little more time to get bids from several contractors. This helps you find the one who can create your vision at the price you can afford.
• Keep it simple but stylish . The fastest way to blow your budget is to choose expensive materials when other options work just as well. Choose what suits your style and your budget.
• Be flexible when needed. Sometimes you may need to pivot on a choice reasonably quickly for many reasons, like a sudden supplier problem. Or you may realize the double French doors are a luxury that just doesn’t suit your budget when a single door will work just fine.
• Use discount warehouses or repurposed materials. If you’re a fan of shabby chic or vintage fixtures and furnishings, then thrift your way out of expensive costs by finding deals at unexpected places like Habitat for Humanity or other thrift stores.
• Carefully consider DIY options. If you’ve never hung drywall, then let the pros handle that job. But if you know your way around a paint store, then be sure to negotiate the paint job out of the bid to save on labor. Also, consider doing your own demolition of old cabinets, nonstructural walls, and landscaping. Remember, you’ll need to haul it away at a cost, though.
• Make your decisions early and stick to them. Another fast way to rack up extra costs is to constantly change your mind or delay making decisions. A contractor juggles many tasks to make sure the project runs smoothly, so requesting change orders can become costly—as does choosing a different kind of flooring after the first kind was ordered.
• Check for tax credits or refunds. Many programs are available for homeowners to save money by installing energy-efficient appliances or solar or renewable energy resources.
• Consider building up rather than out. Have a contractor review your house to determine whether your floor plan will save you money with a build-up rather than a build-out.
• Look at prefabricated stand-alone options. Sometimes the extra space you need can function as its own building. Ask a contractor about prefabricated modular buildings that can work as an office or studio detached from the house, which reduces the building cost.

Questions to Ask a Pro

It’s easy to get overwhelmed by the process of planning and executing a home addition. You’ll need to find a contractor you trust, who is reliable, and who will achieve your vision with ease. Use any of the following questions when talking to a licensed, insured, and bonded general contractor to help make the process easier and avoid miscommunication.

• How long have you been in business?
• Can I see a portfolio of your work?
• How do you calculate home addition costs?
• Can I review a line item bid?
• Will you provide a fixed-price contract with a detailed scope of work?
• Will you pay the subcontractors?
• What kind of payment schedule do you prefer?
• What do you suggest as the top ways to save money on this project?
• Do you already have some extra materials (like flooring) available that I could purchase at a discount?
• After looking at my house and my ideas, do you have suggestions for materials or designs that may work better?
• How can we make sure the addition looks like it’s intentionally part of the house rather than sticking out like a sore thumb?
• Do I need to hire an architect?
• Will my second-floor addition require us to strengthen the existing foundation? If so, what will that cost?
• Will you obtain the necessary permits?
• Are there any zoning restrictions to consider?
• Will you or a manager be on-site when the subcontractors are here in case of problems or questions?
• What if I decide to make a big change partway through the project?
• What hours will the workers be here?
• Will you have other major projects you’re working on at the same time, or will mine be a priority?
• What is the anticipated timeline to complete my home addition?
• How much value will this addition add to my house?
• What kind of warranties and guarantees do you offer?

The options are nearly endless when building a home addition, but choosing a general contractor and laying out a specific plan for your project will get you started on the right foot. As you begin finalizing your decisions, consider these answers to some frequently asked questions.

It’s entirely dependent on the kind of addition. A metal carport costs $2,300 to $4,850, but a porch could cost $4,600 to $22,000. These additions will not be structurally attached to a mobile home to avoid straining the structure.

It might. Cape Cod additions are a unique and stylish way to add space to your house, and with that style often comes extra costs. Speak with a local contractor near you to find out the most cost-effective way to build this style of home addition.

An architect is a must if you’re looking at an extensive addition that alters walls, redesigns room flow, or affects any other major structural changes to the roof or foundation. An architect’s expertise will ensure the addition is structurally sound and meets building code requirements. Suppose you’re doing a simpler addition like a bump-out or single room addition. In that case, you may not need an architect if the general contractor is experienced at updating blueprints and meeting zoning codes.

Article Sources

Angi, HomeAdvisor, Fixr, Thumbtack, HomeGuide

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