How Much Does It Cost To Buy A Yacht?

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The price of a yacht ranges from $300,000 to well over $20 million dollars and varies by size.
If youre 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 vesselSo how much does it cost to buy a yacht on average? In 2021 the average selling price of a yacht is approximately $640000 with prices ranging from $300000 to over $15000000 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 industrys MLS systemThis 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 homeA 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 $640000 buyers can find yachts for less if they are willing to go a bit older and/or a bit smallerAccording to the list of 2021 sold boats the average selling price for yachts between 40 and 50 feet was $329000Yachts under 40 feet are generally called cruising boats and can still feature a lot of the same amenities found on larger vesselsHow 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 $800000 while a 2011 Intrepid 40 is listed for under $400000(Seen below: This Cabo 40 would be considered a smaller yacht and is listed for under $375000)The larger newer and more extravagant yachts can cost $5 million and higher Forbescom 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 listA prime example of a superyacht would be ANTITHESIS a Horizon Yachts 136 that had an asking price of $7990000 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 1400 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 1100 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 processBelow is the average cost to purchase a small yacht broken out by type:Sailboats Over 40: $193000Sailing Catamarans - All Sizes: $361000Power Catamarans - All Sizes: $304247Downeast Yachts - Over 35: $532240Sport Fishing Yachts - Over 40 and in Southeast: $815500With 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 Uniteds 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 Other Related Articles Of Interest:Can I Sell My Yacht Without A Broker?Why Are Sportfishing Yachts So Expensive?What Is The Best Time Of Year To Sell A Boat?How Much Should I Pay For A Yacht?