2016 SeaRay L590 Program Overview

My Yacht is all about enjoying the yachting lifestyle at an affordable price.

Financing Available 

The comparison below outlines an average yacht owner’s use of 60 days a year.
Example:
2016SeaRay L590
996,000 Purchase Price†

Charter

100% Ownership

My Yacht Walk-On Walk-Off Fractional 1/4 Ownership

Investment
N/A
100% of the cost of the boat. Either paid-in-full or financed.Percentage of the cost of the boat equal to your fractional share. Either paid-in-full or financed.
N/A

$996,000

$249,000

Operating Costs
For above example estimated $96,000 annually Including additional Management Fee
N/A
100% of operating costs. 25% of operating costs.
N/A

$7,991

Per Month†

$1,998

Per Month†

Provisioning and FuelYou pay 100% of per-use provisioning and fuel.You pay 100% of per-use provisioning and fuel.You pay 100% of per-use provisioning and fuel.
FlexibilityYou generally book a specific port and depart and return to that location. Book for as long or short as you like.It’s your yacht. Go wherever and whenever your like.Yachts are positioned in a zone (i.e. Bahamas, Mediterranean). Move to other zones available for a fee. Minimum 60-days on the water per year.
Privacy/ExclusivityThe boat is used by many charter customers who have no vested interest in the yacht.It’s your yacht. Only you and your invited guests.Your yacht is shared among the other owners. Guests are limited to owner invited guests.
ServiceWhile charter crews can be exceptional, they will change from charter to charter creating inconsistencies in the level of service.Your dedicated crew will provide the highest level of service. They will know your specific needs and wants.Your dedicated crew will provide the highest level of service. They will know your specific needs and wants.
PersonalizationNo changes allowed.Your boat is yours to customize and decorate as you wish.Fractional Owners vote on upgrades or changes to yacht.
Exit Strategy
N/A
Sell your boat anytime on open market. Sell your equity at any time on open market.

Subject to change without notice

†estimated

SeaRay L590 2025 Estimated Budget

Annual

Per Month

Yacht Insurance

$15,600

$1,300

Annual Registration

$312

$26

Boat USA Subscription

$216

$18

General Maintenance (Mechanicals)

$25,500

$2,125

Slip / Dockage (budget w/electrical)

$28,000

$2,400

Bottom Cleaning

$3,360

$280

Cleaning: Exterior, Deck and Interior

$6,600

$550

Captain / Crew

User Specific

User Specific

Fuel

User Specific

User Specific

Provisions (Food and Drink)

User Specific

User Specific

Laundry and Cleaning

User Specific

User Specific

Management Fee 15%

$12,508

$1,1042

Total Cost of Ownership

$95,896

$7,991

Cost Per Owner Share

$23,974/yr

$1,998/mo

FRACTIONAL CO-OWNERSHIP

Charter VS Own

What is Fractional Ownership?

Available Fractional Yacht Shares

Frequency Asked Questions

CONTACT US

Address:
2455 East Sunrise Boulevard
Fort Lauderdale, FL

(754) 802-3223
[email protected]

Hours:
Mo-Fr: 8:00am – 5:00pm
Saturday: Closed
Sunday: Closed

Concierge
24/7