If you are researching fractional yacht ownership in California or Florida, you may want to look into what Miracle Yachts has to offer. Currently, they have a limited amount of shares available for two yachts, a 2004 72’ Cheoy Lee Raised Pilothouse in Marina Del Rey and a 2007 62’ Azimut Motor Yacht in Fort Lauderdale.

The Costs and Benefits of Fractional Ownership

A Miracle Yacht share costs $240,000 for the California yacht and $220,000 for the one in Florida. Ownership gives you a 1/10th share in the vessel and 30 days of use, while most other programs only give you 1/8th share and 28 days. Miracle Yachts also offers online scheduling for three to 14 days at a time, and the flexibility for owners to trade or purchase days online anonymously with other owners.

The fractional ownership term is for three years, after which the boat will be sold. Owners then receive their portion of the sale after brokerage/sales fees are paid. However, the money received from the sale of the yacht is usually invested in another brand new, state-of-the-art yacht. Each owner will be given the first right of refusal towards the new yacht purchase.

Ownership in Miracle Yachts also includes a full crew and personalizing the trip to your needs, including the placement of personal items on board such as toiletries, linens, and dishware each time you use the vessel. The yacht will be professionally cleaned and consumables restocked after each owner’s use as well.

If you have experience with Miracle Yachts, write a review.