Yachts have long been assumed to lie squarely in the opulent domain of the extraordinarily wealthy, costing hundreds of millions of dollars. But the entry level is quite a bit lower, and a deal is a bargain at any price -- even if that price could buy a nice house in the suburbs. Cheapism.com identified 10 luxurious pre-owned yachts that look like relative steals. Potential buyers can pick up the keys to these vessels at auction or work with an accredited broker. In either case, a thorough inspection should be completed; no one wants to buy a pig in a poke.
Luxury for Less: Get Your 'Cheap' Yacht Now
A recent trade-in, this 2014 Tiara 3100 Coronet, listed with Galati Yachts, is available for $344,000. Compare that price to a new 2015 model listed for $435,987 and you know you've found a bargain. With only 50 hours logged, this specimen is like new. The cockpit has a refrigerator and wet bar and both indoor and open-air seating areas with tables. This is a small vessel with just one stateroom -- best suited for short trips.
This blue and white 2008 Cruisers Yachts 560 Express, posted at YachtWorld and docked in New Jersey, carries a $429,000 price tag. Over in New York, where everything always costs more, you could pay another $30,000 for a 2007 model. Really? The twin Volvo engines on the newer, cheaper yacht produce a total of 1430 horsepower, propelling the boat at a maximum speed of 35 mph. Equipped with flat-screen TVs, Sirius satellite radio, and a grill, the spacious 560 Express provides plenty of entertainment options. Even the large, half-moon settee has a role to play: It can be transformed into a bed, or a coffee table can be pulled up from below the floor for games.
A 74-foot 2000 Horizon Motor Yacht on offer comes with an interesting proposition. The owner is willing to "trade" for similarly priced ($999,000) mortgage-free real estate. (Calling all moguls.) The yacht has recently undergone a deep cleaning, buffing, and bottom painting, and will have new deck cushions and covers, as well as routine maintenance before a transaction is executed.
This 41-foot 2015 Rampage 41 Express features a full tower, a 16-inch touchscreen electronics suite, a Release Marine helm chair, and a five-year or 2,500-hour extended service plan, all for the shockingly low price of $845,000. This being a demo model, the lucky buyer will save chump change of $284,000 off the MSRP of $1,128,799. Designed for a fisherman with luxurious tastes, the Rampage 41 Express features two staterooms, walnut wood interiors, and a cruising speed of up to 30 knots.
Some yachts are listed with non-negotiable prices, but this owner is ready to deal. The 55-foot Sea Ray 550 Sedan Bridge recently saw its price drop $45,000 to the current $489,900. The twin engines have less than 300 hours on them, and there are a total of six berths spread among a master stateroom, VIP guest stateroom, and guest stateroom (guests know where they stand on this vessel). The inside is beautifully finished and the yacht has a hidden davit that can be used to lift a dingy or WaveRunner.
This 2004 Sea Ray 420 Sedan Bridge was bought recently, but the new owner had a change of heart and put it back on the market. Jump on this yacht, because the price has already dropped to $217,415. Many other models of the same or similar vintage currently on offer are tacking north of $299,000. The yacht is in mint condition; it was stored in a boathouse and sailed mostly in fresh water. The next owner will benefit from an upgrade to the interior carpets, mattresses, drapes, and other soft goods now underway.
This 41-foot 2007 Cruisers 415 Express Motoryacht is up for auction at a suggested bid of $189,900. Similar makes and models are listed for $219,000 to $259,999 elsewhere, so don't miss out on a money-saving opportunity to drop anchor in a hardtop that combines agility with spaciousness. There's a large salon with an L-shaped sofa, two queen-size berths, and private heads (yachtsmen are too refined to call them toilets).
An oldie but goodie, this 56-foot Carver Voyager dates to 2005 and has only 175 hours on it. The listing mentions a large salon and galley, eight berths, and two heads, making it ideal for family outings and entertaining a crowd, all for a paltry $484,000. Think of all the new friends you'll make.
The 41-foot Formula 400 Super Sport is a luxury cruiser with a wood and leather interior, large wet bar, built-in USB chargers, Bluetooth stereo, and room for up to 12 during day cruises. For $445,990, what more could you want? According to the listing, the original and only owner had it equipped with every optional upgrade and a few custom extras, and is now ready to sell after putting just 120 hours on the engine (153 hours on the generator). Considering the base price on this model was $656,890, this is a hard deal to let sink.
A 9-year-old, 58-foot 2006 Fairline Squadron docked in North Palm Beach, Florida, is currently available for a bargain. But before getting too excited, check the fine print: Federal law requires that it be moved out of territorial waters before a U.S. resident can buy it. Not surprisingly, the list price of $699,000 is far cheaper than similar vintage Fairline Squadrons currently for sale that show far more sea time in their logs, including one with 265 hours selling for more than $1 million. This yacht has only 185 hours on its new engines, which are warrantied through August 2017, as well as recent servicing of all fluids and filters and a renewed zinc and gel coat.