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November 25, 2008

Residential Cruise Line’s Magellan opens sales

Not everyone is cutting back as the economy tumbles. Or, at least, that’s the hope at Residential Cruise Line — the latest entrant into the rarefied world of super-luxe floating condominiums.

The Phoenix-based company finally opened sales this week for what’s billed as the most luxurious residential cruise ship ever — a 76,000-ton vessel that will have 210 units priced from $2.8 million to $18 million.

The line also will hold an inaugural, invitation-only sales event on Dec. 15 at Dubai’s Burj Al Arab hotel.

I will be watching them with interest.  I hope they do well, although given the poor luck Residensea had in selling luxury units into a recession, I am a bit pessimistic.  The ship will cost $1.2B, and is scheduled to sail in 2011. For the latest news, see the Magellan Website

If you’re interested in condominium cruise ships like Magellan, Utopia, and ResidenSea, check out all our posts tagged cruise condo. For more general information on how to live on the ocean, read A Brief Introduction to The Seasteading Institute.