Luxury Real Estate

By William Tsang of Luxuryrealestate.com

As the fifth largest yacht in the world, the Saudi Arabian Defense Minister Prince Sultan Bin Abdul Aziz owns the 456-foot “Al Salamah”. It does not fall short of activities to do and is fully equipped with an on-board hospital, a gym, and a spa with two full-time beauticians. Also not falling short of amenities is the most prestigious property in Lake Tahoe, Nevada. Listed at $100,000,000 by Shari Chase and Sue Lowe, the 9 bedrooms, 9-bathroom residence boasts a colossal living area of 38,000 square feet on 210 acres, displaying all things scenic Lake Tahoe has to offer.

As the oldest yacht in the top 10, the 478-foot “Mahroussa” was built in 1865 and is known as the Egyptian Presidential Yacht. Since original construction, the yacht has endured two remodels to where the total size has been lengthened by 56.5 feet. Used as a naval training ship by the Egyptian government, the yacht earns the number four spot on our countdown. Focusing now on the fourth ranked property, the Cave Cay property is listed by John Christie of H.G. Christie Ltd. and includes a private island for $100,000,000. There is enough room for 70,000 square feet on construction along the natural beauty of the deep-water harbor and marina. Approved as a full commercial operation, the opportunities for maturation are endless.

Used as a small cruise ship, the 482-foot “Price Abdulaziz” is one of the many yachts of the Saudi Royal Family and until 2006 was given the title as the world’s largest private yacht. The third largest yacht is owned by the king of Saudi Arabia, King Abdullah found inspiration for the interior décor from Titanic and therefore has filled the large lobby on the main level with classical furnishings. Nicknamed the South Beach of St. Croix and listed by Farcehtte & Hanley for $142,000,000 the number three property on our list offers over 1800 acres of prime waterfront land and three miles of beachfront on the shores of St. Croix.

Code-named project Sunflower during construction, the 502-foot “Al Said” was constructed for the Sultan of Oman Qaboos bin Said Al Said. As the second largest yacht in the world, it is said to be able to accommodate up to 70 guests and a crew of 150. The number two listing on our top 10 takes us to the Amagansett shores of New York. Listed by Judi A. Desiderio, a buyer can purchase the 8.98 acres of East Hampton oceanfront land for $200,000,000.

Ranking number one in Yachts International’s Top 100 largest yachts in the word is “Dubai”. The 531- foot yacht is owned by the Prime Minister of the United Arab Emirates, Mohammed bin Rashid Al Maktoum. The project also known as Platinum took about four years to complete and the interior is adorned with lavish touches such as gold leaf covered tiles and onyx. Listed by Audrey H. Ross of Christie’s Great Estates- Esslinger Wooten Maxwell, Florida’s Bal Harbor waterfront acreage is the most expensive property listed with LuxuryRealEstate.com. As the last piece of undeveloped oceanfront property Florida’s Bal Harbour coast, $225,000,000 will grant you 5.53 acres for the potential development of luxury condominiums, hotels, restaurants or shopping complex.

Some of the most expensive properties and yachts around the world are reserved for the super-wealthy. However, buyers of these expensive pieces of land who do develop and operate resorts and public structures, give us ultimate consumers something to enjoy as well.