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Streets of Monaco to Sail the Seas as first Billion Dollar Yacht

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It really had to happen didn’t it? Just a few months after the Indian billionaire Mukesh Ambani unveiled the world’s first $1 billion private residence, a sky-scraping luxury tower in Mumbai, we now have the streets of Monaco set to sail the sea as the world’s first $1 billion dollar yacht.

For those of you lost at sea trying to fathom what that last sentence was telling you, a UK yacht design company has designed a yacht which adorns a scale model of the streets of Monaco on its upper deck. Unless it is commissioned by a Monaco-loving billionaire it will never be any more than a design.

The yacht, aptly named the streets of Monaco features replicas of famous Monaco landmarks like the Monte Carlo Casino, Hotel de Paris, Cafe de Paris, La Rascasse, and Loews Hotel, as well as a fully functional go-kart circuit based on the Monaco Grand Prix Circuit. In some ways it is more like a mini-cruise liner than a super-yacht with its multiple swimming pools and tennis courts.

‘This is just a concept at this point,’ said Scott Poxon, director of Derby-based ship designers Yacht Island Design, the firm behind the project. ‘That said, there is a notable amount of detail in place. It would need a commission in order to finalize design requirements of the client and to commence the construction.’

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Poxon also said that while many newspapers have estimated the cost of the yacht to be $700 million, that this may not be anywhere near accurate. ‘We have not ever quoted any price as this would be agreed between the client and the selected ship yard and would vary significantly depending on specifications,’ he said.

As for the Streets of Monaco’s chances of sailing the seven seas Andrew Johansson of SuperyachtDesign magazine said:

“We do see a lot of concepts for super-yachts being floated, but not all of them get built. This borders on the extreme, although we did see a design for a flying super-yacht last year, which surely will never get built. Streets of Monaco is a cool idea, though. The designers have done their homework.”