The Rise of Miami Super Yachts

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One of the statement  of rich people who want to show off is a yacht and Miami seems like it is aiming to become the playground for boys with expensive marina toys.

Recreational area

New facilities are opening and getting ready to cater to the most exclusive tastes of mega yachts owners, accommodating vessels up to 500 feet and allowing the owners the luxury of stepping down directly from the boat to the elite locations such as restaurants, hotels and perhaps a casino.

Yet, this extravaganza is also good for the city, as Forbes cites Efrem “Skip” Zimbalist III, Manager of the Progressive Miami Boat Show:

“[…] megayachts are “job creation machines” as operating costs of a yacht typically run about 10 percent of sale price, so on the $500 million species, the owner is spending $50 million annually between crew, fuel, port charges and upkeep. Refueling a large yacht can run to $250,000 and depending on how much sailing you are doing, you might be back at the pump in several weeks. A paint job can cost up to $3 million. He noted that increasingly moguls use superyachts as business tools. Roman Abramovich, keeps a superyacht in the Caribbean, Europe and Asia at all times to use as a venue for meetings.”

This is good reasoning since yachts have the advantage of being intimate, offering confidentiality and the opportunity to bring your own trusted staff.

Yacht trends

“Over the top is usually an understatement of what a mega yacht can offer and usually imagination is the only limitation, when money is no object.  Aa luxury yacht owner you can ask for pools, bars, Jacuzzi spots, maybe even a golf area or your own movie theater. As long as you can name it and pay for it, a team of engineers and designers will most likely turn it into reality.  A Dutch super yacht builder explained:

“The big trend at the moment is that clients want bigger platforms to fit more guests and, at the same time, be closer to the water and the surrounding environment. They are asking for infinity pools, which are pools that give a visual effect of the water extending into the horizon, as well as waterfalls. The waterfalls look beautiful but they can also create a water banner, depending on the amount of water gushing, to enable a privacy shield. They can also be used to project movies onto it.

A major, and quite impressive, customization requirement is actually an engineering one, rather than design. One client wanted their 70-metre super yacht to have a 30+ knot speed (around 35 miles per hour). We added a third engine, a Rolls-Royce central booster jet to increase the speed.”

Top of the Line Yachts

When it comes to the toy of the moment, the one item that would make the object of envy among the super rich and could be easily the choice of the next Bond set is called Silver Fast and it is on sale at Miami for the staggering price of $90 million (or a few cents cheaper in fact).

The  Yachts Miami Beach Show is featuring this 253 ft long piece of casted in aluminum as its crown jewel since it is a nice marriage between state of the art engineering and pure beauty, as the Miami New Times describes it:

“To give you an idea of just how fancy this yacht is, many of its promo pictures have a Mercedes-Benz S-class Cabriolet riding atop its bow. Naturally, the boat also features a helipad and eight-person hot tub. It also reaches a top speed of 27 knots (that’s 31 mph for you landlubbers).”

Of course, there are more down to earth options to enjoy wind in your hair on the top deck and we have asked a representative of Miami Yacht Charters what are the latest trends clients are asking for. They said that a lot of their young jet-setters want to engage in high adrenaline sports like jet skiing and fly board, while the 50+ age group is focusing on high class experience and they had to seek more experience chefs to cater to the rising demands.

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