Sales launch for condos aboard 700-foot superyacht

World’s largest private vessel will include 39 residences, with a course TBD

National Weekend Edition /
Jul.July 04, 2021 09:00 AM
(Somnio Superyachts

(Somnio Superyachts

Is the 721-foot Somnio a superyacht or a cruise liner? Either way, condo sales have launched for the under-construction floating tower, and they’re going to cost a boatload.

Prices for the 39 units aboard the ultra-luxury vessel start at about $11 million, according to the Financial Times. Somnio, which will be the world’s largest superyacht, is scheduled for a 2024 launch.

The nearly $600 million project is being led by Carl Le Souef, founder of the skincare company Private Formula International. He also founded sustainable technology company Somnio Global.

Unit details were not released, but condo owners will have access to a 10,000-bottle wine cellar and other amenities similar to a luxury hotel or residence.

Somnio also offers “the intimacy of a private yacht alongside the chance to network in a vibrant community of like-minded owners,” its backers said, according to the report. It will be 131 feet longer than the current largest superyacht, Abu Dhabi royal family’s Azzam.

Private yacht sales hit an all-time high in May with 68 transactions after plummeting during the depths of the pandemic.

Marketing materials call Somnio the world’s first “yacht liner,” although the lead on the Somnio project, Captain Erik Bredhe, also worked on a condo-style cruise ship project called The World.

Unit owners will collectively decide on an annual itinerary for the ship. Marketing materials gave some possibilities, which include “a week in New York [and] expeditions in Antarctica.”

[FT] — Dennis Lynch





    Related Articles

    arrow_forward_ios
    Clinton Street condo edges Park Slope townhouse in Brooklyn sales’ slow week
    Clinton Street condo edges Park Slope townhouse in Brooklyn sales’ slow week
    Clinton Street condo edges Park Slope townhouse in Brooklyn sales’ slow week
    After scandal, Scott Rudin sells San Remo pad for $13M
    After scandal, Scott Rudin sells San Remo pad for $13M
    After scandal, Scott Rudin sells San Remo pad for $13M
    HGTV Founder Kenneth Lowe with the ONe57 condo (Getty, Douglas Elliman via Realtor)
    HGTV founder buys One57 condo for $12.7 million
    HGTV founder buys One57 condo for $12.7 million
    90 Morton Street and 212 West 18th Street (Photos via 90MortonSt and JDS)
    Walker Tower pad to sell at loss as Manhattan luxury market hits 7-month low
    Walker Tower pad to sell at loss as Manhattan luxury market hits 7-month low
    PHE at 51 Jay Street and 4 Hunts Lane (Compass)
    Dumbo penthouse leads Brooklyn’s luxury market
    Dumbo penthouse leads Brooklyn’s luxury market
    605 3rd Street and Casper's Luke Sherwin (Leslie Garfield, Getty)
    Firm offer: Casper co-founder pays $275K over ask in Park Slope
    Firm offer: Casper co-founder pays $275K over ask in Park Slope
    The penthouse in Lightstone's 40 East End with developer David Lichtenstein (Lightstone)
    After early-July lull, Manhattan luxury deals are on the upswing again
    After early-July lull, Manhattan luxury deals are on the upswing again
    London luxury homes sell at feverish pace
    London luxury homes sell at feverish pace
    London luxury homes sell at feverish pace
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...