How Much Does a 100-Foot Yacht Cost?

100-Foot Yacht Cost Breakdown

Yacht Registration

Before setting sail on your new superyacht, you need to register it, just like any other vehicle, whether it is a standard car or a sports car brand. This step is necessary because the country you choose for registration can offer significant tax benefits.

Many wealthy yacht owners prefer the Cayman Islands for this reason. They enjoy tax breaks and find the registration fees there quite reasonable compared to the overall cost of the yacht.

Yacht Insurance

Once you have registered your new superyacht, you will also need to insure it. Insuring such a valuable asset is costly, so be prepared to spend a hefty amount of money annually to ensure you are fully covered.

Dockage of the 100-foot Yacht

Now that your yacht is seaworthy, you will need a secure place to keep it when you are not exploring the open waters. A local boat club won’t do for a 100-footer, so you will have to find a marina that can accommodate it, which means additional expenses. The cost of docking your yacht varies worldwide. Some ports charge as much as $6,000 per night for temporary stays.

The Cost of Fuel

A 100-foot superyacht consumes about 400 liters of fuel every hour. If you plan to use it often throughout the year, you could end up spending around half a million dollars just to keep the tank full and avoid running out in the middle of the ocean.

Yacht Maintenance

A 100-foot yacht experiences wear and tear over time. It is usually due to the gigantic yacht size and complicated machinery. Regular maintenance, along with repairs for blown engines and electrical systems, can lead to significant annual costs.

While these expenses are hefty, they are simply part of the responsibility that comes with owning such an extravagant vessel. Read the details about how much does it cost to maintain a yacht.

The Cost of the Yacht Crew

A captain can cost around $1,400 per foot of boat each year, which adds up to approximately $156,000 for a 100-foot yacht. Deckhands and stewards are more affordable, ranging from $40,000 to $70,000 annually, but you will also need to provide them with food and accommodation.

A skilled chef, however, will set you back at least $100,000 a year. If you plan to host up to eight guests, you should have about one deckhand for each of them. And don’t forget an engineer. Yachts often require repairs, which can cost an additional $140,000 or so.

Final Words About 100-Foot Yacht Cost

Imagine owning a floating mansion! These incredible 100-foot yachts are usually the playground of Saudi princes, Russian billionaires, and Hollywood celebs, allowing them to use their yachts for traveling around the world. You never know; to win the lottery, you could be cruising in your luxury vessel.