Residential Cruise Line, the company “launching” the $650 million dollar Magellan, is now offering private ownership on the luxury liner with fractional buying opportunities.
Designed exclusively for buyers who only want to “own” specific months each year, fractional ownership provides a unique opportunity to purchase a unit on the ship in one-month increments.
Pricing on the Magellan starts from $156,250 for a one-month ownership in the two-bedroom Barcelona, the three-bedroom St. Tropez will start at $233,333 and the four-bedroom Cannes will start at $316,666. Attractive financing makes the Magellan a premier vacation ownership experience like no other.
“Unlike Destination Clubs and time share programs, fractional ownership means you actually own your residence for the month or months purchased,” said Randall Jackson, CEO of Residential Cruise Line Ltd. “Buyers receive a stock certificate for each month purchased, and upon sale of the residence, can expect a return based on projected price increases.”
The impeccably designed residences offer unparalleled views of the sea and all of the creature comforts that can be found in land-based multimillion-dollar homes. Custom wood cabinetry, luxurious stone surfaces, gourmet-quality appliances, lavish baths and luxurious living quarters complemented with the latest technological advancements make the Magellan the ultimate residence on sea or land.
Whether you’re a full-time or seasonal resident, you will enjoy all the amenities and services of the world’s finest resorts. An on-call housekeeping staff, a world-class spa and marketplace, a 24-hour concierge staff, indoor and outdoor pools, four world-class restaurants, a 450-seat theater featuring Broadway-quality entertainment, a casino worthy of Monte Carlo and a Starbucks cafe are just a few of the conveniences that make living aboard the Magellan a unique, first-class experience.
With a full-service retractable marina, on-call private Bell 429 helicopters and 300 ports of call, residents have anytime access to their home on the ocean.
Full ownership residences on the Magellan range in price from $1.8 million to $8 million.