How Much Does It Cost to Buy a Residence on the World Cruise Ship?

The World is a residential cruise ship that has been circumnavigating the globe for the past 20 years. This unique floating community is home to around 300 staff and 165 owners, each of whom has one of the 10 to 12 condos that go on sale annually. The price range for these residential units is impressive, ranging from $2 million to $15 million, making it a luxury choice for those seeking a unique lifestyle.

Startups Mimicking The World Concept

In recent years, several startups have announced similar residential cruise ship concepts. These include companies like Storylines and Victoria Cruises Line, which aim to offer the conveniences of home with the excitement of travel. These ventures highlight the growing interest in the unique livability offered on residential cruise ships.

The Cost of Living on a Cruise Ship

Pinning down the exact cost of a cruise ship residence can be challenging. The average cruise ship passenger spends around $213 per day, which amounts to $77,745 for a year if living aboard the ship full-time. However, for residential owners, the cost structure is different. As each apartment is owned outright, the monthly expenses are composed of a condo fee and other maintenance fees.

Ownership and Voting Privileges

Owners of The World have unique privileges. They can vote on the destinations for the next two years of voyages and can cruise continuously or join the ship mid-travels as per their convenience. This level of control and flexibility is a major selling point of the residential concept.

Current Pricing and Availability

Given the range of accommodation sizes and types, the prices for The World residences are highly variable. According to an article from four to five years ago, the smallest studios were listed at approximately $800,000, while the largest 3-bedroom units with 3 bathrooms and a kitchen were listed at around $7 million. These prices reflect the luxury and exclusivity offered by a residential cruise ship.

Other Cruise Ship Residence Options

For those interested in a more affordable option, there are other cruise companies offering longer-term stays. A German cruise company, Ph?nix Reisen, offered a year on one of their ships starting at €35,000, but this ship is no longer in service. Celebrity Cruises, on the other hand, offers extended stays starting at around $75,000. These offerings vary widely in terms of quality and amenities, making them suitable for different budgets and preferences.

Overall, the cost of owning or living on a residential cruise ship like The World is a significant investment, but it offers a unique and luxurious lifestyle. Whether you are looking for a full-time home, a retirement community, or a floating vacation destination, residential cruise ships provide a one-of-a-kind experience.