Thursday, April 11, 2024

You Can Now Buy a Vacation Home on a Cruise Ship Sailing Around the World

residential cruise ship

A residential cruise ship is a vessel designed for people to live on permanently. They have all the amenities you need to live comfortably, including restaurants, grocery stores, gyms, and pools. Most residential cruise ships are owned by companies or private individuals. The ship continuously travels worldwide, stopping from port to port or anchoring in bays off tropical islands.

Traditional Cruises

Cruise giants such as Royal Caribbean also sell segments of their world cruises. Each cabin has a queen-size bed, bathroom with premium toiletries, ample storage, TV, air conditioning, safe, mini-fridge, weekly housekeeping service and bi-weekly complimentary laundry. The culinary experience aboard The World is defined by innovative gastronomic creations and global cuisine using the freshest local ingredients. The Ship’s world-class dining venues and award-winning wine program are unsurpassed anywhere on land or at sea.

Instead, they'll get to vote on the number of days the ship will spend at each port, according to Nagy-Ferenc.

residential cruise ship

In theory, you could get a work-from-home job and work on a cruise ship, and potentially save yourself tax money by not being permanently based in your home country! And if you’re a high earner, it could even be more cost-effective to work at sea since the cost of the cruise fare may be less than the tax you save. Salcedo isn’t a retiree – he works on the ship, managing investments for various high-worth individuals. And he isn’t tied to a single ship – at the end of his cruises he will return to his condo in Miami for a few hours, before embarking on his next voyage, often flying to a different port to meet the ship. Cruise ships do have doctors, but visits to the onboard medical centre can be very costly indeed, and for any serious medical issues, you would need to visit a hospital on land. However, one thing that you’ll certainly need to factor in is travel insurance and medical costs.

Luxury Residential Community at Sea

On the plus side, some of the newer players include all-inclusive fees, which means your daily costs-of-living requirements are included in your cost. This includes food and drinks, as well as access to all facilities and amenities on board the ship. Monthly fees start at $3,500 for a double-occupancy interior stateroom, which would still make this more affordable than any option aboard The World. Villa Vie’s purchase of the eight-deck Odyssey is a boon to the tumultuous residential cruise industry plagued by financial and ship acquisition pain points. Set over two levels, these gorgeous loft rooms are perfect if you're looking for some extra space during your cruise. After a long day of fun in the sun, rest your head on your comfy king bed on your mezzanine level, or take a load off on your couch in your living area.

Normal travel insurance isn’t going to cover you if you decide to live on a cruise ship. Travel insurance policies count on the fact that medical cover is a rarity when you travel for 2-3 weeks of the year. As an example, in the UK you usually only pay tax if you live in the country for more than half the year. So, by living on a cruise ship permanently, you may not have to pay tax at all. Perhaps the most famous case is of Mario Salcedo, nicknamed Super Mario. Mario has lived continuously on Royal Caribbean ships since 2000, with an average of 15 days a year spent on land to handle life admin.

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The project is overseen by Captain Erik Bredhe and features 39 onboard apartments with amenities. The company’s ship would feature 425 berths, offering 200 standard staterooms, 25 single rooms and two upper decks of residences for a total of 40 apartments. The ship would also offer a full deck dedicated to spa procedures and wellness and another deck for sports and fitness.

And on this ship, the concept of exploring the world from the comfort of your home just hits different. Circumnavigating around the world every three-and-a-half years means you have time to savor the sights and sounds of UNESCO world heritage sites, off-the-beaten-path destinations and all the wonders of the world. Each accommodation has its own cooking facilities, but the ship also boasts three restaurants with chefs drawing inspiration from Scotland’s classic dishes and regions. Cruise Industry News has gathered everything we know about the residence-at-sea projects set to come to fruition soon. Live and explore and even work digitally with our state of the art internet access. Each year, Residents of The World have the opportunity to join our extraordinary Expeditions.

One residential cruising company, however, is working toward making a permanent seafaring life a viable option. In late 2024, the Croatia-based cruise company Storylines is slated to launch a new residential ship, dubbed MV Narrative, where people can purchase an apartment onboard and sail indefinitely. The M/Y Njord – which was ordered in 2021 – is set to enter service in 2025. The 289-meter residential yacht will feature 117 residences once it’s constructed at its shipyard, Meyer Werft. The World is the only one sailing currently but more are coming soon – though you need to be flexible on dates, as launches are often postponed. Lee Wachtstetter was an American author who began living on cruise ships back in 2005, choosing Holland America Line’s MS Prinsendam as her ship of choice.

Look for residential cruise ships powered by renewable energy, and use desalination plants to provide fresh water. The Ship has the size and power for comfortable transoceanic crossings and polar exploration, and at the same time is small enough to dock in rarely-visited ports inaccessible to large commercial cruises. For another unforgettable cruising experience, book the Villa Suite, the second of the biggest and best suites available on board the Oasis and Quantum Class Fleets. The four-bedroom suite features two master bedrooms, two master bathrooms, two bedrooms with twin beds and two pullman beds.

Inside the cruise ship that will let passengers live onboard for 3.5 years at a time - The Independent

Inside the cruise ship that will let passengers live onboard for 3.5 years at a time.

Posted: Mon, 16 Oct 2023 07:00:00 GMT [source]

Just like a land-based condo, there will be some kind of condo association fee, contributing to the continuing exterior property maintenance of the apartment buildings. But we are talking about a massive ship here, which is costly to maintain, so there will most likely be a relatively hefty ongoing annual fee. Find out what this is and factor it into your budget, even for a single-family home. One such outfit planned for the crypto wealthy, a ship aptly named The Satoshi, seemed to disappear much like the inventor of Bitcoin of the same name. Another group, Utopia Residences, has been in the works since as far back as 2009, with expected delivery in 2021. However, there appears to be no progress update, including a building contract signed, to this date.

A cruise ship offers a number of perks over regular living, the main one being that you get to see the world. Living on a cruise ship means travelling all across the globe, experiencing new cultures and thrilling experiences. Dark Island is another residential cruise ship which is planned to be built by 2026. Villa Vie Residences is another new live-on-board world cruise option that has an interesting offering.

Living on a cruise ship just became a real option thanks to a new 'residential' cruise line - Upworthy

Living on a cruise ship just became a real option thanks to a new 'residential' cruise line.

Posted: Wed, 07 Feb 2024 20:02:06 GMT [source]

But unlike the only one currently in operation (a luxury concept with multimillion-dollar condos), cabins on Villa Vie Residences' future ship start at $100,000. It’s difficult to compare costs directly since ships include different levels of service within their fares, plus you don’t know how long you’re going to want to live on a cruise ship. You can’t really compare the price of owning a residential place on a ship to cruising for just one year.

For Regent Seven Seas I’ve based the price on a typical 10-day cruise. The costs for each option is based on the cheapest accommodation using reported figures. Guests had already travelled to Istanbul for the departure, and are now facing a wait for refunds.

The former ms Veendam for Holland America Line, Victoria Majestic has now been turned into a residential ship and will soon set sail with Victoria Cruises. The ship isn’t particularly family-friendly – kids are welcome, but there isn’t much for them to do. Understandably, the ship is primarily aimed at a mature audience as it’s likely to be retirees who wish to live on a cruise ship. The ship features guest speakers, musicians, and cultural performances to entertain guests, similar to those which would feature on traditional luxury world cruises.

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