How Much Does A Luxury Palmetto Yacht Cost?

How Much Does A Luxury Palmetto Yacht Cost?

It’s obvious that buying a luxury Palmetto yacht requires a huge amount of money. What’s not as obvious is just how much money is needed to keep a Palmetto yacht running.

In an interview about “Grand Ambition,” his book about private equity investor Doug Von Allmen and his luxury yacht “Lady Linda,” G. Bruce Knecht told the New York Times, “Operating and maintaining a yacht is at least 10 percent of what the thing cost.”

Basically, the owner of a $10 million yacht should expect to pay $1 million every year to keep it running.

Both Kim Kavin, the charter editor at Yachting magazine and editor of, and Gianluca Fenucci, the founder and director of ISA Yachts, admitted to Business Insider the 10 percent estimate is pretty accurate.

That estimate is “quite in line and within the average for a standard operational use of a megayacht,” even when various conditions (like the yacht’s age) are taken into account, Fenucci said.

However, Nicolas Valin, the president of Neo Yachting, argued the rule of thumb is not entirely accurate.

While it may not be a perfect guideline, the 10 percent figure focuses on exactly what a luxury Palmetto yacht is: a complex machine that requires fuel, docking, maintenance, and a crew to keep things in line.

Kavin says that marina docking fees for a week at a popular event usually run in the six figures, and that fuel is commonly the largest expense a yacht owner faces.

Then there are the people who must be paid to sail the  Palmetto yacht, keep it clean, and feed everyone on board.

Even for wealthy yacht owners, these huge costs can put a serious strain on the wallet. They are part of the reason Knecht’s book about the “Lady Linda” is a cautionary tale: Hurt by the 2008 crisis and swallowed by huge bills, Von Allmen was eventually forced to put his beloved, incredibly luxurious yacht on sale in 2012, for $50 million.

The Best Hot Spots For A Bradenton New Year’s Eve Celebration

The Best Hot Spots For A Bradenton New Year’s Eve Celebration

Every year brings more and more choices to choose where you would like to ring in the big night at any of the local Bradenton New Year’s Eve celebrations. If you can’t make it out to the Blu Mangrove Grill this New Years Eve, here’s a look at some of the local options for ringing in 2015. There’s something for everyone! However you choose to celebrate, don’t drink and drive.

Main Street Live New Year’s Eve: Old Main Street, Bradenton

If you’re looking for the biggest party in Bradenton New Year’s Eve, look no further than Old Main Street between Manatee and Third avenues. Live music is provided by Big Daddy and there’s a countdown to the ball drop at midnight. It’s free and open to the public.

Beachhouse New Year’s Eve Celebration: 200 Gulf Drive N., Bradenton Beach

The annual Beachhouse New Year’s Eve fireworks show includes several dining/viewing options. Tables under the covered pavilion are available for $100 each, with seating for up to six guests. Seating elsewhere on the deck and inside the dining room will be first-come, first-serve. Reservations and information: 941-779-2222.

New Year’s Eve at Aces Live: 4343 Palma Sola Blvd., Bradenton.

Ari and the Alibis, a great band that mixes blues, funk, soul, and jazz entertain the crowd. Party favors and a Champagne toast at midnight make for a festive atmosphere. If you’re looking for entertainment all night long, this may be the best place to spend for Bradenton New Year’s Eve. Cover is $10. Information: 941-795-3886.

Annual Shamrock Shiver Charity Plunge: Gulf Drive and 12th Street South, Bradenton Beach

This will be the seventh year of the Shamrock Shiver Charity Plunge! The event has raised more than $100,000 for local charities over the years. The event is set for Jan

1st at noon. Proceeds go to Caring for Children Charities. Information: 941-952-1109.

WSLR New Year’s Eve Celebration: Fogartyville Community Media and Arts Center, 525 Kumquat Ct., Sarasota

A family-friendly New Year’s Eve bash, from 8 p.m.-1 a.m., features Renesito Avich, the David Smash Band, and The Dram. At midnight there’s a kumquat drop. Tickets: $10-$15. Information: 941-894-6469.

Sarasota Downtown New Year’s Eve Party: Main Street, Sarasota

The festivities in downtown Sarasota start at 2 p.m. with rides and other activities. As night falls, street dancing with DJs and live music (including Doug Deming and the Jewel Tones) kicks in.

Just before midnight there’s a countdown, with a Pineapple Drop. Free admission. Information:

First Night St. Petersburg: various locations in downtown, St. Petersburg

Cities all over the county offer First Night celebrations to let people celebrate the new year with entertainment instead of alcohol. St. Petersburg has the biggest and oldest one around these parts.

It runs from 4 p.m. until midnight at venues along downtown St. Petersburg’s sidewalks. You can purchase admission buttons online for $10 adults. $5 for children ages 6-12. Prices increase at the event. Children younger than 5 get in free. Information: 727-823-8906 or

Palmetto Yacht Cleaning Tips

Palmetto Yacht Cleaning Tips

From time to time, you have to clean your Palmetto Yacht. Not my favorite job, but the yacht looks great afterwards!

Although cleaning your boat is pretty simple, you need to have the right technique and the right tools.

When I clean the boat, I use the following technique:

Always start at the top and work your way down.

Then, you begin at the bow and move towards the stern.

Next, look at the wind and the sun. If the wind is coming from a certain direction, start cleaning upwind and then further downwind.

If the sun is shining strongly, you need to clean quickly. If the water and soap dry up, it’s only giving you more work.

Always hose down the surface. Rinse it off well afterwards, and mop the surface to avoid water spots.

You also need a good set of cleaning products.

I’m assuming you have limited space on board. So, it would help to have quality cleaning tools that last long and that take up a small amount of space. This is why Shurhold boat cleaning items are great.

For example, Shurhold cleaning items have a telescopic handle. Through a quick-lock system, you can put several accessories on it. One handle, multiple functions. It’s awesome!

As far as accessories, you have brushes, mops, scrubbing pads, and boat hooks. You’ll want to make sure you have plenty of room available for these items on your Palmetto Yacht as well in case you decide to clean like we do and over do every thing.

They have several different brushes that vary in terms of size and softness. Depending on the surface you want to clean, choose which brush you use wisely.

You need a bucket, too. Make sure all your cleaning accessories fit in the bucket so you can easily carry them around.

When I wash down the boat with soap, I prefer a proper boat wash. I sometimes use dish-washing fluid, but that’s only when I run out of boat wash.

Boat wash is specially made to clean your deck. It washes off salt, dirt, and nasty grime. Boat wash is more intensive than regular dish soap. Try Starbrite boat products. They have great quality products.

Once these are completed, your Palmetto Yacht will look just like new.

Five Tips To Prepare Your Palmetto Boat For The Cold Winter Months

Five Tips To Prepare Your Palmetto Boat For The Cold Winter Months

Winter can be especially hard on your Palmetto boat. Extended periods of inactivity accelerate wear and tear. If you don’t get your boat ready for storage, neglect from the cold winter months will come back to haunt you in the spring.

For that reason, it’s extremely important to get your boat ready for winter. Even if you don’t live in a place where the waters freeze, following these five tips will keep your boat in pristine shape after an extended period of storage.

1. Flush the Cooling System. For inboard and stern drive Palmetto boats with raw water-cooling systems, thoroughly flush the engine with fresh water to remove dirt, salt, and corrosion. In extreme climate areas, you should also run anti-freeze into the cooling system. Outboard motors should be flushed with freshwater, and all water should be drained from the engine.

2. Lubricate the Little Things. Don’t overlook the many small but critical systems that should be lubricated throughout the year. For Palmetto boats on trailers, this an ideal time to grease the trailer wheel bearings.

3. Don’t Give Moisture a Fighting Chance. Check the bilges, removing any standing water and cleaning up any dirt or oil. Do the same with any lockers, drawers, live wells, fish holds or storage areas.

4. Prepare the Fuel System. Top off your fuel tank to avoid the collection of condensation over months of inactivity. Change the fuel filter at the end of the season. Add a marine fuel stabilizer to the fuel tank to reduce build-up of gum and varnish. After adding stabilizer to the tank, run the engine for a few minutes to ensure it circulates through the system.

5. Remove and Store Whatever You Can. It’s bad to have valuable objects onboard your boat subjected to the winter elements. It can also contribute to the gathering of dirt and moisture in your vessel’s storage areas. Get those lifejackets, flares, fenders, first extinguishers, and skip ropes out of the boat and store them indoors. To protect against theft and potential damage, any GPS, radar displays, VHF radios and other electronics should be removed and stored safely.

Overall, you may want to get your Palmetto boat winter ready just in case it does start to get a little cooler in the winter months.

A Florida Boater Dream Race: Repeat Performance For Scarlet Oyster

There are easier ways to cross the Atlantic than peeling kites every hour, changing course on every lift, and sitting on the weather rail whenever it might make a difference. But if you’re trying to place in the racing class of the ARC 2014 and eager to add to a string of former wins, then these things will improve your chances. At least, this was the opinion of Scarlet Oyster’s owner/skipper Ross Applebey and his crew.

Having won the racing division overall in 2011 and their class for the last three years in a row, they were enthusiastic to keep pushing to see if they could add another victory to their existing collection of triumphs. All Florida boaters would be quite proud of this accomplishment alone.

Setting goals this high, in what has become an increasingly competitive event, is to raise the bar once again. To attempt it in a 27-year-old cruiser is particularly impressive. But as Applebey and his crew crossed the finish line here in St Lucia on Monday night, they took first overall in the racing division once again.

The win hadn’t been easy, especially during the last two days when they had calculated what time they needed to finish. Apparently, the crew was simultaneously nervous and excited. Scarlet’s achievement is all the more impressive given the crisis they were facing 24 hours before the start. 

Having lost their rudder during the Middle Sea Race in September and then building a replacement in a back street fabrication shed on a remote island, Scarlet Oyster then set off on a 2,000 mile delivery trip to the start of the ARC in Las Palmas.

Having arrived in good time and with a new rudder manufactured in Denmark and on its way, the airline responsible for the shipping lost the package in Madrid and only finally delivered it 24 hours before the start of the race.

It’s amazing that Applebey didn’t crumble under the stress.

Shortly after Scarlet Oyster crossed the line, a flurry of other finishers followed. Each had their own story to tell of the intensity of the racing over the last two weeks, the torrential rain, the storms, and the trading of food and beverages. The next few days will see a mass of finishers in the cruising divisions along with more tales of how, why and where their courses took them.

A great feat for the entire team and another great race. Just another reason why we love all of our Florida Boaters including the ones who race. We can’t wait to see our next race that will be taking place in our own Manatee River Marina!

New Yacht for our Palmetto Marina: MJM 50z

At the 2014 Newport International Boat Show, the new MJM 50z was introduced. Hull one, titled Zing, featured the triple 435hp Volvo with IPS600 pod drives. Top speeds measured at 38 knots. Could you envision yourself driving around this  yacht through our Palmetto marina?

Palmetto Marina

Due to their low center of gravity, powerboats roll the MJM’s less than most without steadying sails. However, the single biggest opportunity for improving comfort on a powerboat is to eliminate rolling. The 50z is the first yacht to offer this leading edge technology as standard equipment. Over 1,500 Seakeeper units are now in use worldwide.  The 50z is built stronger and lighter in the USA of pre-preg epoxy, Kevlar, E-Glass and Corecell to exceed ISO Category A Ocean requirements, the highest rating for seaworthiness issued by IMCI, the International Marine Certification Institute in Brussels. Its low center of gravity and sleek profile make it more safe and fun to drive. Large vessels can be intimidating to operate. However, you can dock a 50z all by yourself, thanks to 360° visibility, joystick docking and a single level deck from the wheel aft to cockpit side-opening doors onto a floating dock.  

The MJM 50z offers the best of both worlds: cocktail parties on a single level dock, or entertaining space for family picnics. Plus, the Palmetto yacht boasts gorgeous staterooms for live-aboard cruising comfort.  


Technical Data: 

LOA – 16.84 m (55.3ft) 

Beam – 4.57 m 

Draft – 1.17 m 

Displacement – 13855 kg dry 

Fuel Capacity – 1968 l 

Water Capacity – 643 l 

Accommodation – 2 berths in 1 cabin, or 4 berths in 2 cabins 

Engines – 2 x Volvo D6 435hp, 3 x Volvo D6 435hp 

Propulsion – Volvo forward looking dual propeller IPS pod drives 

Speed – 40 knots max, 35 knots cruise with 3 x 435hp 

Hull Shape – modified Vee with 19 degrees dead-rise aft 

Construction – Prepreg Epoxy, Kevlar, E-glass, CoreCell core, with Awlcraft 2000 paint 

Project – Doug Zern 

Whether this is on your must have list this holiday season or not, we all know that looking at the newest and best Palmetto yachts out there is a necessity for any avid boater. With a max speed of 40 knots, we know that any one that has this new vessel in our Palmetto Marina would be a very happy captain.

Six Upgrades Any Bradenton Boat Owner Can Use

Are you thinking about making a few upgrades to your boat? The holiday season is right around the corner and if you are a Bradenton boat owner occupying one of our slips, you may want to ask Santa for a few new items to take your vessel to the next level. For less than $500, the below improvements that can make your boat less prone to problems, safer, or more energy efficient. Power or sail, you can improve your boat with these upgrades.

1. Marinco GalvanAlert

What is a Marinco GalvanAlert and why do you need one? If your boat spends its life on a mooring, you don’t have to worry about this one. If your boat is stationed at a dock, however, GalvanAlert could save you several thousand dollars in corrosion-related damage.

Whenever you’re plugged in at a dock, you’re electrically connected to your dock neighbors. Electrical leakage current can easily travel from one boat to another through the dock’s wiring. Furthermore, electrical reverse polarity creates a shock hazard on your Bradenton boat.

The GalvanAlert can warn you of these potential hazards with its four LED warning lights. It will flash a signal before any damage is done, so you can unplug your boat and fix the problem at hand.

2. Blue Sea System’s VSM Monitor

System monitors are nothing new, but the Blue Sea VSM monitor is extra special. The VSM unit will monitor bilge pump activity, including run time duration, number of cycles, and volume. Also, its precision battery monitoring will greatly enhance your on-board experience.

The VSM expands on the Peukert’s equation to give you more precise analysis, based on the varying charge and discharge rates for normal marine batteries. The refined algorithm also enables the VSM to adjust for changes that naturally occur as a battery ages.

The VSM keeps track of 22 different vital measurements and provides 15 programmable alarm settings. The unit has ignition protection, and is also waterproof. Sensors for the various functions are available as needed and range from about $15 to about $100.

3. Anchoring System

When was the last time you fully inspected your boat’s anchoring system? Are the chain and rode in good condition? Is the rode attached to your boat, or is the bitter end lying in the bottom of your anchor locker?

Most boaters today either try to rent a mooring or slide up to a transient dock when cruising. The anchor rode doesn’t see much sunlight, unless the chips are down and you really need it.

It’s time to pull that stronghold to the ocean floor out of its locker and inspect it. Replace any and all worn parts. While you’re at it, add some length indicators to your rode. For well under $500, you can spend a Saturday morning replacing any components in your anchor system.

4. Rusty Stainless Steel

Rust that emerges from stainless steel fasteners and fittings are a clue that it’s time for some TLC. In most cases, you need to do more than hose down your boat with your favorite rust remover. Everyone wants to show off their boat while renting a slip in our Palmetto Marina, and rust will not help that shine.

If you see rust, it means the fitting is suffering from crevice corrosion. You’ll need to remove and inspect the part. Prices will vary depending upon which fitting needs to be replaced. To make sure this doesn’t happen again in the near future, make sure the bolt or fastener is completely sealed.

5. LED Lighting

LED lighting has come of age. Manufacturers have mostly figured out ways to overcome prevalent issues such as voltage sensitivity and chromaticity. Since you already have your boat, you can’t take complete advantage of LED lighting’s very low electrical current draw by using small wires. But you can take advantage of the huge reduction in power usage by installing LED light bulbs.

Prices will vary anywhere from $7 to $40 depending upon how sophisticated the light array is. These bulbs are available from a variety of vendors. Who wouldn’t like their boat to display in bright colors at night in our Bradenton Marina?

6. Jabsco Oil Changer

Changing the oil on your boat’s engine can be a messy operation. The Jabsco oil changer is extremely helpful. The changer lays flat, giving it a nice, stable footing. It comes with a dip-stick catheter so you can suck the oil out of your engine into the unit’s 31/2 gallon reservoir. The pump runs just by clipping the two leads directly to you engine battery. This device will make your boating life much easier.

And all of these items can take your Bradenton boat to the next level for well under $500. A nice holiday gift indeed if you ask us!

Ocean Paradise Wins Rina Green Plus Prize For Being Eco-Friendly

The new 55-meter Italian mega-yacht, Ocean Paradise, recently won the Rina Green Plus prize for being the most eco-friendly yacht in the world. The boat was presented in a world premiere at the Monaco Yacht Show as the year’s leading example of yacht constructors’ efforts to reduce the carbon footprints of their vessels. 07_OP_at-anchor_2

The Rina Green Plus prize is awarded based on criteria set out by Rina, a marine services company, in its Green Plus certification label, which encourages all manufacturers to produce more eco-friendly vessels.

There are several innovative green technologies aboard the magnificent Ocean Paradise. It contains a system that reabsorbs greenhouse gas emissions in order to limit their dispersion in the marine environment. The hull of the yacht boasts a brand new coating, reducing resistance in the water and thus enhancing full efficiency. The vessel is also lit with next-generation LED lights, also an optimal choice for energy efficiency.

The stunning mega-yacht can accommodate up to 12 guests in 6 cabins. Spacious and bright, with smooth leather, glossy wood and bright glass finishes, the Ocean Paradise comes with extravagant touches like the private balcony in the Master Cabin. Her extensive panoramic sundeck features a luxurious jacuzzi, indoor/outdoor gym, dance floor, and exterior TV. The mega-yacht is also equipped with several water toys, such as jet skis, Sea Bobs, paddleboards, and kayaks.

What do you think about this “mega-yacht”? Do you think you would like to see it over here in our Bradenton marina next to your boat on a daily basis?

Top Luxurious Yachts For Your Next Vacation

Are you in the midst of planning your next big vacation? Do you feel like you’ve seen and done it all? If you’re tired of spending time in the same old cities and countries you’ve been visiting for years, consider booking your next holiday on a luxurious mega-yacht. If money is no object, your options are limitless.


Yacht AmaryllisYacht Amaryllis

Floating regally at 258ft, Amaryllis was built in 2011 by Abeking and Rasmussen. This beautiful yacht includes a master suite, one VIP stateroom, four double cabins, and one twin cabin. Beautifully decorated with tasteful pieces of art and furnished with bespoke pieces from Silverlining, this extravagant mega-yacht is a spectacle to behold. The sundeck features a 20ft swimming pool, while the back-end of the yacht offers a top-of-the-line gym with incredible views of the ocean. Unfortunately, this splendid luxury comes with a hefty price tag. At over one million dollars per week, this mega-yacht may exceed even the wealthiest family’s budget. This may just take up about all of our slips available at our Bradenton Marina!


Yacht EcstaseaYacht Ecstasea

At nearly 300ft in length, Ecstasea is the largest mega-yacht on this list. Originally built in 2004 for billionaire Roman Abramovich, Ecstasea is now privately owned by philanthropist Sonja Zuckerman. The gorgeous mega-yacht is available for hire on the French Riviera, costing around $750,000 per week. Ecstasea hosts an elegant and comfortable atmosphere, offering beautiful furnishings, timeless styling, and lavish seating throughout the vessel. Ecstasea’s speed and ultra-modern stabilization system are what truly set it apart from other yachts. With a cruising speed of 14 knots, a maximum speed of 33 knots, and anchor stabilizers that increase onboard comfort, Ecstasea provides a silky smooth cruising experience.


Yacht ImagineAmels-212-luxury-motor-yacht-Imagine

This magnificent mega-yacht features 215ft of fine art, handcrafted interiors, expansive decks, and luxuriant mini-suites. Exceptional indoor accommodations, such as two VIP balconies and a glass elevator, combined with outdoor water toys, such as wave-runners and a water slide, make this yacht the perfect fusion of indoor luxury and outdoor fun. In addition, Imagine offers four decks towering above the water, an outdoor swimming pool and jacuzzi, and a gym for those who find it hard to stay away from a strenuous workout. At $465,000 per week, this is the least

Now this is definitely what luxury looks like on the water. Which of these three yachts would you like to take around our Bradenton Marina? Leave a comment below and let us know!

A Different Way To Cool Your Boats Battery System

A Different Way To Cool Your Boats Battery System

With this years Cruising World Magazine’s Boat of the Year contest recently we can really sit back and appreciate all the technological advancements from this last year. Specifically we saw not one,  but three unique approaches to set up and using.


Whether it’s an AGM battery or an lithium ion, one thing is the same between the two; their re-charge acceptance rates are substantially better than with the traditional flooded electrolyte battery systems. What this means to the not terribly tech-savvy of us out there is that your boats alternator can end up working very much harder than it really needs to just to keep up. Which means your alternator will be getting really, really hot!


This heat is one of the leading factors that will cause electrical failure in your devices. Replacing a modern, high output alternator is quite the expense too, upwards of $1000! Not exactly what I’d love to be spending money on.


There are several ways to avoid this issue. A temperature sensor can be mounted on the alternator that is in tune with the system voltage regulator and will turn off your alternator when it gets too hot. Also, using a more effective cooling system than basic engine room ventilation could have a huge effect on keeping electrical issues to a minimum. The blue duct work in the above picture is actually a directional vent vane, very similar to that of what you’d see in your car dashboard which is aimed right at the alternator above it.


There are plenty of cool and innovative ways out there to keep you sailing smoothly! We love reading up about all of these at Riviera Dunes Marina and want to see what you have done to your boat in person. Be sure to stop by the premier Bradenton Marina soon to show us just what you have completed on your new vessel!