How Much Does a Motor Yacht Cost
When it comes to buying a luxury motor yacht, there’s a lot to consider. Not only do prices vary greatly – from hundreds of thousands to millions of dollars – but the size, brand, amenities, upgrades, and market demand can also affect the final cost. So, to make the most of your investment, it’s important to do your research and evaluate all of these factors carefully.
What is the cost of a motor yacht?
For instance, a NEW 59′ Prestige motor yacht may cost around $2 million as a base start, while a late-model 59′ Prestige can be found on the used yacht market for under $2 million. Sold Boat data from 2022 to the present reveals that the average cost of a motor yacht between 40-70 feet in length manufactured in 2022/2023 is approximately $1.85 million.
The cost of a motor yacht may seem steep, but the priceless experiences and memories it provides can last a lifetime. Whether you’re exploring the vast ocean or hosting guests onboard, a well-maintained yacht can bring immense pride and joy for years to come. However, to make the right decision, extensive research, consultations with professionals, and careful budget considerations are crucial.
Popular motor yacht brands and pricing
In addition to these practical considerations, the brand of yacht you choose can also influence the price. Some brands are more well-known and prestigious than others which can be reflected in the price tag. While it’s important to choose a brand that fits your personal style and preferences, it’s equally important to consider the long-term value of your investment. Check out some well-known motor yacht brands below.
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Princess Yachts:
A British luxury yacht brand that offers a range of motor yachts from 35 to 95 feet, with a focus on innovation and boats that are ergonomically sound, highly practical, and spatially perfect. A brand new 50′ Princess Yacht has a base price of around $2 million, while larger models over 90 feet can cost upwards of $14 million or more as a base price. However, purchasing a late-model, mid-size used Princess Yacht can provide significant savings, with prices ranging from $700,000 to $3.5 million depending on the age, size, and condition.
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Sunseeker Yachts:
Sunseeker is a British company known for its sleek and stylish motor yachts that range from 38 to over 160 feet. The average cost of a mid-sized Sunseeker yacht in the 50 to 70-foot range can cost anywhere from $1.5 million to $5 million, while larger models over 70 feet can cost upwards of $10 million or more. For those on a budget, there’s good news: pre-owned Sunseeker yachts can be purchased at a significantly reduced cost.
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Prestige Yachts:
A French company, known for its luxury motor yachts that resemble a home away from home on the water, ranging from 42-70 feet. The cost of a Prestige Yacht can vary depending on the size, model, and year. As mentioned earlier, a NEW 590 Prestige Flybridge motor yacht may cost around $2 million as a base start, while a late-model 59′ Prestige can be found on the used yacht market for under $2 million.
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Azimut Yachts:
An Italian brand, known for its high-quality and luxurious motor yachts, which range from the 40-foot range to over 120 feet in length. For those seeking a mid-sized Azimut in the 50 to 70-foot range, the average cost of a motor yacht can range anywhere from a million upwards to $5 million, while the larger 100-foot range yachts can come with a price tag of $10 million or more. Of course, these are just estimates, and the final cost will depend on several factors. If you’re looking for a more cost-effective option without compromising on luxury, consider purchasing a used Azimut yacht.
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Ferretti Yachts:
Ferretti is an Italian luxury yacht manufacturer that produces motor yachts ranging from 50 to over 100 feet in length. The cost of a Ferretti varies depending on the size, model, and year. A Ferretti yacht in the 50 to 70-foot range can come with a price tag ranging from $2 million to $10 million, while the larger models can climb even higher than $10 million. However, it’s important to note that these are just approximations, and the final cost will depend on several factors, including the yacht’s condition, amenities, and market demand. For those who desire luxury without breaking the bank, consider investing in a pre-owned Ferretti yacht.
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Cruisers Yachts:
An American-built luxury yacht brand known for its innovative, hand-crafted motor yachts ranging from 38-60 feet. The cost of a Cruisers yacht can vary depending on the size and model. For instance, a new 60 Flybridge model can cost around $3.3 million as a base, while a pre-owned 41′ Cruisers Cantius model built in 2016 can be found for under $500,000.
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Pershing Yachts:
Another Italian brand, Pershing Yachts, is known for its sleek and sporty motor yachts that range from 54 to over 140 feet in length. The cost of a motor yacht, by Pershing, can start at around $2 million for a 50-foot model and go up to $30 million or more for a larger customized model. However, it’s important to note that there are also used Pershing Yachts on the market that can be purchased for a fraction of the cost.
What are the Advantages of Buying a Motor Yacht?
One of the main advantages of buying a motor yacht is its ability to provide a high level of comfort and luxury, even on longer journeys. With their spacious cabins, state-of-the-art entertainment systems, and luxurious amenities, motor yachts offer a level of comfort and convenience that is simply unmatched by other types of boats. This makes them perfect for those who want to explore the open water while still enjoying all the luxuries of home.
Another advantage of motor yachts is their ability to provide unmatched performance, even in rough seas. With their powerful engines and advanced navigation systems, motor yachts are capable of traveling long distances at high speeds, making them ideal for exploring large bodies of water or for traversing the open ocean.
Talk to a Certified Yacht Broker for Assistance
If you’re considering purchasing a motor yacht, it’s vital to work with certified yacht brokers who can provide you with expert guidance and advice. These professionals have extensive knowledge of the yacht market and can help you navigate the many options available to you. They can also help you negotiate the best price and ensure that you are getting the most value for your investment. Whether you’re a first-time buyer or a seasoned yacht owner, working with a sales professional can make the buying process smoother and more enjoyable. So don’t hesitate to reach out to our certified yacht brokers for more information on motor yachts and to start the journey toward owning your dream boat.
Additional Costs of Owning a Motor Yacht
In the world of luxury motor yachts, the true cost of ownership goes far beyond the initial purchase price. It’s fundamental to consider the ongoing expenses that come with maintaining and operating such a boat. From routine maintenance and repairs to crew salaries and insurance fees, the costs can add up quickly. This is especially true for larger motor yachts that require a dedicated team of professionals to ensure the safety and enjoyment of all onboard. As a potential yacht owner, it’s important to factor in these expenses when making your decision and to plan accordingly for the long-term investment.
At Galati Yacht Sales, we pride ourselves on providing comprehensive support and guidance to our clients before, during, and after the sale. That’s why in addition to our certified yacht brokers, we offer a team of experienced yachting professionals who are dedicated to ensuring your satisfaction throughout the entire buying process and beyond. From initial consultations to ongoing maintenance and support, we are here to help you make the most of your luxury motor yacht investment.
Disclaimer: Base model prices mentioned in this article do not include additional options, upgraded engine packages, updated features, and more. Listed prices may not reflect the final cost of a yacht due to the manufacturer’s right to make changes without notice, at any time, in equipment, material prices, and specifications.
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