Purchasing a yacht is definitely not an easy thing to do. It involves a huge investment, and there is a great amount of critical thinking that needs to be done when purchasing one.
A yacht may cost you anywhere between $100,000 to $8.4 million, depending on the type of yacht you choose. In the budget category, you might get yourself a decent yacht under $100,000 while a decent medium-ranger will cost you up to $1.5 million. On the other hand, if you want to get your hands on a high-end luxury yacht, then be ready to shell out $8.4 million on average.
Before making any purchase, it is important to learn about the available options. Yachts come in different sizes and price tags, making it possible for many people to enjoy this luxury. A yacht is considered something only enjoyed by rich people, but with some good planning and lots of information, anyone can enjoy owning a yacht. The type that you can own will definitely depend on your budget.
To learn more about yachts, read on and discover your buying options and more.
Low Range New Yacht Cost
Low-range yachts are the smallest in size. Small yachts are under 40 feet in length. If you desire simplicity and/or have a tight budget, a smaller yacht is for you. They are perfect for simple cruising or speed boating, or for spending a nice day on the water with your loved ones.
Yachts between 23 and 40 feet are easy to manage, and as such, the cost of maintenance is much lower compared to their more luxurious counterparts. But how much are they?
The cost depends on various factors. A smaller yacht definitely won’t cost as much, but additional features will drive up the cost. The brand will affect the pricing as well. A new, custom-made yacht will be more expensive than an older simpler yacht, even one that is larger.
Best Yachts At An Affordable Price Range
Here are some of the best, cheapest and smallest yachts that some of us can afford:
Back Cove 34O
Known as the winner of the Best Powerboat under 35 feet, Back Cove 34O is a 2018 model.
Features of the 2018 used model:
- 10 knots faster than traditional single diesel Back Cove yachts
- Powered with double 300 hp Yamaha outboards
- 250-gallon fuel tank capacity
- Split-head arrangement for toilet port and separate shower stall
- Cushioned and converting seats
- Equipped with microwave, two-burner cooktop, fridge and freezer
- 34 feet length of outboard
- Spacious for two or four guests
- Suitable for cruising and fishing
- SeaStar steering system, 5 kW generator with cabin air conditioner
- SeaKeeper gyro stabilization system
Price: $479,000
Check out https://www.backcoveyachts.com/yachts/back-cove-34o/ to know more.
Aquila 36
Another great under 40-feet yacht suitable for family outings and cruising. This yacht is a power catamaran, popular for its huge spaces that can accommodate 20 people comfortably.
Features of the 2018 used model:
- 36 feet overall length
- 2 cabins
- 2 heads and 3 showers
- Equipped with the latest Hydro-Glide Foil system
- Engine options include 250 hp, 300 hp and 350 hp four-strokes
- Queen-sized berths with sleeping facility for 6
- Cooktop, fridge, sink and smokeless grill are available
Price: $520,000
Check out https://www.aquilaboats.com/models/sport-power-catamaran/36 to know more.
Other Models In The Lower Range
- Back Cove 32 Downeast Style – Price: $455,000 (2017 model)
- Cranchi E26 Classic – Price: $134,900 (2020 model)
Mid Range Yacht Cost
Yachts in the mid-range size start at 40 feet and up to 100 feet. In this range, there are many categories based on the overall length. Forty feet, 50 feet, 60 feet, and 70 feet are the most popular categories.
Here are a few picks from each category:
40 Feet Yachts
Viking 42 Convertible
This has two models, one from 2013 and one from 2014.
Features of the 2013 used model:
- Upgraded seats
- 2 staterooms
- L-shaped lounge, cocktail table, and valances
- Surround-sound system with a 32-inch flat-screen TV
- Large Corian counter space
- Deckhouse with windows facing forward
Price: $749,000
Link: https://www.yachtworld.com/boats-for-sale/make-viking/model-42-convertible/
Features of the 2014 model:
- Custom teak helm chairs
- Joystick control
- SAT-TV
- Four underwater lights
- New house battery charger
- Freezer in cockpit
- Electric teaser reels
- Release marine battle saddle
Price: $895,000
Link: https://fyiyachts.com/yachts/2014-viking-42-42-convertible-2/
50 Feet Yachts
These yachts are for those looking to cruise more than a single day. The layout is quite different from its 40-foot counterparts, and as such, there is a difference in price.
Carver C52 Coupe
Features of the new 2020 model:
- Island berth with a queen-sized bed
- Ample storage
- Electronic battery charger
- Air-conditioned cabins
- One master head, one guest head, and guest and master staterooms
- 20-gallon water heater
- 2 coaxial stereo speakers
- Luxurious lounge with port sofa
- CO detector in salon and master stateroom
Price: $1.2 Million
The older 2018 model is priced at $998,900, which is much lower than the new one.
Link: https://www.yachtworld.com/boats-for-sale/make-carver/model-c52-coupe/
Hatteras GT54 Convertible Sportfish
Features of the 2014 model:
- 1200-gallon fuel capacity
- 3-stateroom layout
- Luxurious master cabin
- Powered with Caterpillar C-32A 1600hp diesel engine
- Sleeping room for 6
- Indoor and outdoor seating space
- Equipped with air-conditioning and drink cooler
- Standard flybridge arrangement
Price: $2 Million
The newer models are more expensive.
60 Feet Yachts
These yachts can be used for up to a few days’ travel. You can also host more guests. The owner will need to decide if they need to employ a crew.
Under the 60-foot category, there are two types: namely, the flybridge yacht and the express yacht. The express is further divided into two categories: Mediterranean style and hard-top express.
The flybridge yacht has additional space above the main deck. Since the top is open and airy, the lower deck has closed rooms.
Here are the top picks under this category:
Features of the new 2019 model:
- Hull’s bottom is made of solid fiberglass
- Resin-infused foam core
- Wide-plank walnut flooring
- L-shaped couch with solid-teak coffee table
- Ice machine
- 3 spacious staterooms
- Powered with a 1900 hp twin engine
Link: https://www.galatiyachts.com/yachts/details/7129320/2019/hatteras/gt59/59/lq06/
Hatteras M60
Features of the 2016 used model:
- Easy to use with intuitive operation
- Good for owner/operator
- 135-square feet aft deck
- Spacious salon
- 36-inch TV screen
- Equipped with two-burner cooktop, freezer, sink, micro-oven, and refrigerator
- Powered by twin Cummins QSM-11 engines
- 1175-gallon fuel capacity
- Comfortable sleeping arrangement for 6 people
Price: $3 Million (base price)
The brand has newer models in the same range that cost more than the base price.
Link: https://www.yachtworld.com/boats-for-sale/make-hatteras/model-60-motor-yacht/
70 - 80 Feet Yachts
With yachts of this size, you will definitely need a crew to operate it. Seventy- to eight-foot yachts are in high demand so naturally, there are multiple options in this category. Here are some of the best picks:
Hatteras GT70 Convertible Sportfish
Features of the 2017 used model:
- High speed and agility
- Great propulsion rates
- 2140-gallon fuel capacity
- Gourmet galley and spacious salon
- 5-stateroom and 4-head accommodations
Price: $5 Million plus additional costs of furnishing, maintenance, and a cabin crew to operate.
Link: https://www.yachtworld.com/boats/2017/hatteras-gt-70-3509584/
In a similar price range, there is another yacht by Hatteras known as the 75-foot Hatteras Motor Yacht 2017 model. This model has a base price of $5 million.
Hatteras M75 Panacera
Features of the new 2020 model:
- Full-beam master suite
- Private VIP stateroom for owner
- Twin staterooms for guests
- Fuel capacity is 2200 gallons
- L-shaped luxurious lounge adorned with velvet carpet
Price: $6.9 Million
Link: https://www.yachtworld.com/boats-for-sale/make-hatteras/model-m75-panacera/
Luxury Yacht Cost
Yachts of 100 feet and over are considered “superyachts.” On average, a 100-foot yacht with a crew size of 50 and a top speed of 25 knots can cost you around $275 million.
You can get such luxurious yachts in many different styles and shapes. The interior space is large enough for customizing according to your preferences. Other than the base price, you will also have to incur additional costs for maintenance, docking, crew, and stocking with amenities.
Virtus 44
Features of the 2019 model:
- Salon with full-length windows
- Accommodates 10 guests comfortably
- 5 staterooms
- Deck holds a hot tub
- Max speed of 16 knots and 12 knots of cruising speed
- 143 feet overall length
Price: $20.2 Million
Acico Nassima
Features of the 2012 model:
- Overall length is 161 feet
- The cruising speed is 14 knots while maximum speed is 18 knots
- 6 cabins with space for 12 guests
- Needs a crew of 11 members
- RAFA window system
- Well equipped with advanced electrical systems
- Fully air-conditioned
Price: $ 17.9 Million
The Truly Luxurious Ones
Lady Moura
Built in the year 1990 by an Arabian businessman named Nasser Al-Rashid, this yacht is a star of the superyacht category. The name has been carved out in 24-carat gold letters. It is a 344-foot yacht with a pool, a 75-foot-long dining table, and a helicopter. The main attraction is the private extendable beach.
Price: $210 million
Christina O
This iconic boat receives quite a bit of attention for the luxury it provides. The yacht can accommodate 34 guests, with enough space for a massage room, beauty salon, gorgeous dining room, sports lounge, library, and a deck that can be turned into a dance floor.
Dilbar
This yacht is considered to be one of the largest boats in the world with a length of 360 feet and a height of 50 feet. It was built in the year 2008 and is owned by a Russian man. The deck is layered for the capacity of 20 people in each. A swimming pool and a helipad are also present on the yacht.
Price: $256 million
How Much Is A Mini Yacht Worth?
A mini yacht is very similar to a boat due to its small size. These are the most affordable yachts that can be experienced by those who dream of owning a yacht. They are designed for a single-day outing, which can include fishing activities or speed boating. The size at which a boat is considered a yacht is 23 feet. All yachts under 30 feet can thus be considered “mini yachts.” On average, the base price of a mini yacht can range from $100,000 to $500,000.
Fortunately, the base price is pretty much all you need to spend. These mini yachts can be operated by the owner themselves and the maintenance cost is very low. If you want a simple yacht with minimum amenities, then you can cut down your cost to $35,000.
Some popular models include:
- Contessa 28 – Price: $30,000 (1981 old model)
- Andrews 28 – Price: $82,346
How Much Is A Big Yacht Worth?
Yachts can be categorized as big when its length is over 70 feet or so. These yachts require a crew for operation and are spacious enough to accommodate many guests. There are more than 2 staterooms in such yachts, and they are equipped with many facilities to ensure luxury and comfort.
The average price of a 70- to 90-foot yacht can start at $2 million while 100 feet or higher can have a starting base price of $1 million. Such yachts have additional costs of maintenance and crew as well. The bigger the size, the higher the cost.
Bertram Yachts, Sunseeker Yachts, Benetti Yachts, San Lorenzo Yachts, and Riva Yachts are some of the brands popular for building big, luxurious yachts.
How Much Is A 40-feet Yacht Worth?
Those looking for single-day outings for water activities or fishing often go for a 40-foot yacht. There is a high demand for the yachts of this size.
This size is easily manageable, and no extra maintenance costs are required. The major factor that decides the price is whether you are looking for a brand new and custom-built yacht or a used one. Naturally, the used one will cost much less than the new one.
On average, the lowest price to own a 40-foot yacht is $350,000. The highest can go up to $450,000. Some popular used, as well as new, models under this category were mentioned above. The best part about a yacht of this size is that it can be self-operated, hence no crew to pay.
Average Yacht Price
The price of a yacht depends on multiple factors, like the deck size, the hull, the staterooms, engine power, propulsion rate, fuel capacity, and much more. The age and the brand also add to the price-deciding factors.
Each size range has its own average price, so it is not easy to provide a single number for the average price of all the yachts currently on the market.
On average, it takes $8.4 million to own a good yacht. This average is encompassing all factors related to a yacht, including the levels of luxury as well.
How Much Is A Superyacht Worth?
When we say superyacht, we have officially entered the 100-foot and above category. They are the luxurious ones in their category. The expenses include maintenance charges and crew charges, along with the base price.
The average cost of a superyacht has been estimated at $275 million, not including maintenance costs. Most of these have a length of 100 meters. The 30 largest superyachts that are much longer than 100 meters cost even more.
Superyachts are highly luxurious with pools, gorgeous lounges, spacious staterooms, and many such amenities. A crew is also necessary for operating such yachts, which calls for additional costs.
How Much Is A Super Maxi Yacht Worth?
In the last 30 years, around 16,000 super maxi yachts have been built by different brands. These are the giant yachts that have lengths in the 200- to 400-foot range. They are designed for spending a long time in the waters. The facilities are ample. Such yachts can hold around 100 guests.
On average, it costs around $1 million in a single year just to own a super maxi yacht. Maintenance costs are as huge as the size of the yacht. Such yachts are only affordable for the very privileged.
Comanche is one such super maxi yacht built in 2014. It is currently owned by an Australian businessman named Jim Cooney.
How Much Does It Cost To Charter A Yacht?
To experience the luxury of a yacht, it is not necessary to own a yacht. You can charter a yacht at much lower prices and enjoy the comfort. There are two types of crewed yacht charters that you can avail of:
All-Inclusive
Such charters are charged based on the number of guests on board, including the cost of food and drinks, water sports, and fuel. Some taxes and dockage charges are separate. The catamaran and monohull yachts are usually chartered under this scheme.
Plus Expenses
In this, the base price you pay is for the luxurious yacht alone. Then there is the additional expense of food, fuel, port taxes, dockage charge, and other similar costs. There is a charge for running as well. This running expense is usually 35% of the base price and needs to be paid before you charter the yacht.
The average charter rates are based on the type of yacht you desire. Here is a list to give you an idea:
Weekly sailing charters average cost
The lowest base price is $10,000 for yachts under 80 feet, while those over 150 feet ones have a base price of $100,000.
Weekly catamaran charters average cost
For yachts below 50 feet, the base price is $10,000. The bigger, more luxurious ones above 80 feet cost $40,000 to $100,000.
Weekly motor yacht average cost
$15,000 is the base price of the under 80-feet options. For yachts with a length higher than 150 feet, the price ranges from $150,000 to $500,000.
These rates are just an average and are subject to change as and when the owner wishes. Charter prices are dependent on three major factors:
Yacht
Type and size are the first two factors concerning yacht. Then comes the facilities it provides. The better luxury, the higher the price. The popular brands usually come at a higher charge.
Season
Summer in Mediterranean or winters in the Caribbean is the best time to go yachting. As such, these periods see a peak rise in charter prices.
Destination
The destination of your yacht trip also decides the price you pay. Areas that lack large charter fleets often have higher prices.
The taxes in different countries are also a factor. The prices may vary based on these additional charges and more.
How Much Does It Cost To Rent A Yacht?
While in chartering you get the yacht and all other facilities along with it, renting a yacht is slightly different. In this case, you get the yacht without any additional facilities. Once the yacht has been handed over to you, it is your responsibility. Operating the yacht, food and drinks, and fuel are all your expenses.
With some additional payment, you can have the same experience as you would chartering a yacht. Talking day rentals, the average cost can range from $2000 to $100,000, depending on the type of yacht you rent. The least expensive ones do not usually have a crew or other luxury features. The $100,000 range comes with all types of luxuries to make your day wonderful.
Is There An Airbnb For Boats?
Well, Airbnb still does not have any such service. However, many similar business models have emerged over the years that are the Airbnb for boats. Topping the chart is GetMyBoat with more than 130,000 boats. This company provides boat services in over 9,300 destinations across 184 countries.
Some strong competitors of GetMyBoat are the Boatsetter and BoatBounds. On these platforms, you can buy or rent yachts for a period of time.
Buying a small boat can cost you around $10,000 to $20,000. If you rent for a single day, then you might have to pay somewhere between $200 to $800, depending on the type of boat. For yachts, it may cost you $10,000 to $50,000 per day. The prices vary based on location and company.
This is really useful for yacht owners who use their vessels on an average of 14 days a year. Renting out on these platforms can help you earn from it.
How Much Is A Sirocco Yacht Worth?
The Sirocco is a 47-meters long yacht with a triple deck. Designed for cruising, this model is the perfect combination of luxury as well as good performance. So, how much does this luxurious vessel cost?
If you are planning to own a Sirocco, then be ready to spend a hefty amount. According to the Yacht Company, the Sirocco costs around $18.5 million or 17 million Euros. The price tag is worth the services.
If you are looking forward to chartering the Sirocco, then the price will be somewhere between $192,000 to $213,500 for a week.
Why Is Owning A Boat So Expensive?
Be it owning a boat or chartering one, the rates are way higher when compared to other modes of transport. So, the very first reason is the cost of manufacturing. Compared to cars where the manufacturing process is completely automated, making a boat mostly involves manual work.
The material used to build a boat is also a major consideration during pricing. Popular brands usually charge more for their advanced quality and better services. The design also plays a role in deciding the price. Market demand helps determine rates as well.
Owning a boat also involves maintenance. Costs of registration, license, and fuel are some additional costs you have to pay. All these factors when combined add to the overall cost of owning a boat. Customization can also be an expensive affair when it comes to boats.
Things To Know Before Buying A Yacht
It is always important to know a few basic things before purchasing an item. While making a big investment like buying a yacht, you should definitely have a look at the following things to consider before buying one:
- Give more importance to pre-owned or used models. Although new ones are more attractive, many used models come in great condition and at a discounted price. The pre-owned models are also available in different types for you to choose from.
- Do a careful evaluation of the construction of the yacht. Many new as well as used ones often degrade within a few years of exposure to water. So, make sure to inspect the interior as well as the exterior of the yacht before you make a choice.
- The engine is the most important part that will run your yacht, so pay great attention to the details of the engine system. Diesel engines were much in demand, but currently, gasoline-powered ones are recommended.
- Think about why you want a yacht and choose the size and fix your budget accordingly. Don’t get something too big that is difficult for you to maintain.
Conclusion
This article provides a guide that can help you select the right yacht. However, it is recommended that you contact a yacht broker and get all the necessary details before you buy one. A good level of personal research is also important. Be as patient as you can throughout the buying process.
