Home Real Estate Real Estate Mogul Is Selling His Prized Superyacht: It’s a Downright Floating Kingdom

Real Estate Mogul Is Selling His Prized Superyacht: It’s a Downright Floating Kingdom

by Kianna Warburton

In the world of luxury yachts and superyachts, there’s a certain level of opulence and grandeur that is expected. From extravagant interiors to top-of-the-line amenities, these floating paradises are a symbol of wealth and status. But what happens when millionaires start selling off their toys? Could it be a sign that everything isn’t okay in the housing market?

One such example is the superyacht belonging to John Miller, a real estate mogul from Utah who heads the Dakota Pacific real estate investment empire. Miller is putting his beloved superyacht, Victoria Del Mar (VDM), up for sale. The 164 ft (50 m) boat, named after his wife, is currently listed at a price of $24,750,000, reduced from nearly $28 million. While this may seem like an exorbitant amount of money to most people, it’s interesting to note that this ship is being marketed as being well-prepared for its future owners.

The broker for this yacht, Northrop & Johnson, has gone to great lengths to create an entire video showcasing the benefits of buying VDM. The ship’s catalog is filled with 19 sections of information, including detailed descriptions of each deck, amenities, floor plans, and even safety equipment. It’s clear that no expense has been spared in ensuring that potential buyers are well-informed and enticed by this luxurious vessel.

One of the main attractions of VDM is its sheer size. With a length of 164 ft (50 m) and a beam of over 33 ft (10 m), it’s truly a massive yacht. But despite its size, it’s designed to be efficient and capable of long-range cruising. With a fuel capacity of 21,000 gallons (79,485 liters) and a cruising speed of 12 knots (13.8 mph), VDM can reach a range of 4,000 nautical miles (4,603 miles). This is made possible by the Caterpillar engines powering the yacht.

Stepping aboard VDM, guests are greeted with a rear space that serves as a beach club, complete with a toy garage. Access to the main deck is made via two lateral stairways, leading guests to an alfresco dining and lounge space. Beyond that, an enclosed main salon awaits, with the perfect temperature, drinks, and food. This deck also houses two VIP staterooms and a gym.

Continuing the exploration of VDM, the next deck up reveals wooden tones and inviting colors, along with numerous lounges and sofas. This deck serves as the owner’s deck, with a spacious room, his and her bathrooms, and walk-in closets. The sundeck, accessible by a spiral staircase or elevator, offers lounging options, an 8-person jacuzzi, and an 18-guest dining table.

Of course, no luxury yacht is complete without a wide array of toys. VDM comes with a 14 ft (4.3 m) Nouverania tender, two Yamaha jet skis, two sea bobs, a couple of kayaks, and three paddleboards. For those who want to experience the thrill of being a captain, the yacht offers the opportunity to take the wheel, with proper training or supervision, of course.

While it’s unclear why John Miller has decided to sell his beloved superyacht, it’s worth noting that luxury yachts like VDM can easily be transformed into a source of revenue. Northrop & Johnson offers charter services, allowing future owners to monetize their investment. It’s a side hustle that can potentially offset the cost of owning such an expensive asset.

In the end, the sale of a luxury yacht like Victoria Del Mar may not necessarily indicate a housing market crash or financial troubles for its owner. It could simply be a personal decision or a desire to pursue other interests. Nonetheless, the opportunity to own such a masterpiece of luxury and elegance is truly a dream for those who can afford it. And if you’re in the market for a floating aquatic paradise, VDM might just be the perfect choice.

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