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You can buy an apartment on a cruise ship for $100,000 and travel around the world year-round.

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A new cruise ship for permanent residence plans to start a round-the-world journey in May 2024. The cost of cabins on Villa Vie Residences starts at $100,000, as reported by Insider. Over the past year, the concept of condominiums at sea has flooded the market. Relatively new companies such as Victoria Cruises Line and Life at Sea Cruises claim to offer travelers the opportunity to spend years at sea, sailing under the sails and living on refurbished ships. However, both have faced disruptions, such as delays or changing ships.

At present, The World is the only existing company of its kind, and it has been in operation for 20 years. But getting lucky in purchasing is a challenge: each year, between 10 and 12 luxurious shipboard apartments are put up for sale, each ranging from $2 to $15 million.

However, if all goes according to Villa Vie's plan, the floating condominium industry may get a strong competitor on May 15, 2024, when the Villa Vie Residences startup ship will commence its global journey from Southampton, England.

Villa Vie reports that its ship will embark on a circumnavigation lasting three and a half years, stopping at 425 ports in 147 countries during its first round-the-world voyage.

Travelers will spend 87 days in Northern Europe, 105 days in North America, 68 days in Africa, and 76 days in South Asia. Some ports will also have multi-day stops, including a 12-day dry dock in Singapore.

The Cost There's no need to buy a cabin just to join this journey - instead, travelers can book segments with pay-as-you-go options for durations ranging from 35 to 120 days.

These segments start at $4,360 for the last 35-day transatlantic crossing from Barcelona, Spain, to West Palm Beach, Florida. Cruise giants like Royal Caribbean also sell segments of their global cruises.

However, for those looking to purchase a residence, 15% of the ship's 630 cabins are available. Prices range from $100,000 for an interior cabin to $250,000 for a balcony cabin. But this doesn't include the monthly fee, which starts at $3,500 for a double interior cabin. It doesn't have to be a lifelong commitment - these homes can be rented out or sold.

Irina Strembitskaya, the startup's sales director, says that there will be between 800 and 900 guests on board at any given time.

According to a sales report, the company has gained more than 50 buyers since sales began in mid-September.

Both short-term route segments and cabins require a secured spot with a 10% refundable deposit.

What's Inside On board, according to the startup, travelers will have typical amenities of a world cruise, such as educational programs, restaurants offering international cuisine, pools, and entertainment.

But unlike most cruise liners, Villa Vie says the ship will also feature a business center with a library and offices (Wi-Fi included) and a "culinary center" with culinary courses. The ship also includes a "spa resort for pets" for furry companions and a fitness center with a golf simulator. The company claims that there will also be a medical center with doctors and nurses.

Room cleaning services will be offered weekly, with additional laundry services provided every two weeks.

Ghost Ship However, like other residential cruise startups, there is one problem: Villa Vie has 7 months left until embarkation, and it doesn't have a ship yet.

Mikael Pettersson, the startup's founder and CEO, said that on October 6, the company made an offer to purchase a ship currently in operation, belonging to "an active operator of several cruise liners."

Regarding the processes related to purchasing the cruise ship, Pettersson said he expects to complete the construction of the ship by the end of this year. However, the CEO said he has "built in more than enough time" into the schedule to account for any setbacks.

"We don't need such a big runway as Life at Sea," he said. "What we need is to make sure that we get this ship out, do it properly, with proper financing, not relying on deposits from customers to achieve our goal."

Pettersson, a cruise startup consultant, has been a consistent figure in the cruise industry. Before founding this company, he and Strembitskaya worked with Life at Sea Cruises and Storylines.

To fund this purchase, Villa Vie plans to use funds from private investors, loans, partners, and Founder's Club members. To join the latter, a minimum of $25,000 must be invested.

After the acquisition, the team plans to spend two to three weeks and several million dollars on refurbishing the ship.

According to the company, this will include updates such as adding a golf simulator and minor cabin renovations. Strembitskaya said that since Villa Vie wanted to acquire a ship that was already in operation and in "good condition," this shouldn't be too much of a challenge.

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