2004 sunseeker manhattan 64 yearly cost

Discussion in 'All Things Boats & Boating' started by nickpitt, Oct 7, 2016.

  1. nickpitt
    Joined: Oct 2016
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    Location: barcelona

    nickpitt New Member

    hi

    i'm considering to buy 2004 sunseeker manhattan 64

    can someone tell me rough idea what is the yearly cost of it not include fuel...
    (insurance, maintenance, docking etc...)

    how much money do i need to put on the side for unexpected repair?

    thanks
     
  2. mydauphin
    Joined: Apr 2007
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    Location: Florida

    mydauphin Senior Member

    Too much, if you have to ask you can't afford it. Seriously one thing I learned the hard way is how costs multiply for every foot of boat, if you compare a 21 foot vs a 27, vs a 35, vs 48, vs 57, vs 64. It almost doubles every few feet. I have owned them all, and do most of it myself. The larger boats have many more systems. A big issue with a 64 foot boat is that most marinas can't handle such a big, that limits your choices and therefore increase price.
     
  3. nickpitt
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    nickpitt New Member

    I have to ask because I never owned a yacht...
    I decided to buy one and live there for few years around the mediterranean sea.
    This one going to be my first one.
    The question is if 60k$ a year is eoungh or we are talking on more then that?
    And if more, how much more? Over 120k$ a year?
     
  4. PAR
    Joined: Nov 2003
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    Location: Eustis, FL

    PAR Yacht Designer/Builder

    Welcome to the forum.

    Costs associated with yacht ownership are both application and location specific. The boat you own will have certain requirements, in terms of maintenance and upkeep and the location you berth her, will also have certain costs.

    The ranges of these costs can vary widely, depending on location, accommodations, condition of the boat, etc., etc., etc. Simply put, there's no real answer for you, though asking around in your marina and getting information from other owners, of yachts of similar size and configuration, will be your best method of learning about the costs.
     
  5. mydauphin
    Joined: Apr 2007
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    Location: Florida

    mydauphin Senior Member

    Yes, as Par says, it depends. I have seen people spend $20k a year, and I have seen them spend $200k. It all depends where and who does work, and to what standard.

    You have your almost fixed costs; like dockage, hauling every year. Then you have all those "oh that broke cost", and then you have the big ones like engines and transmissions. So what you need to have is like $30,000 or more in the bank just in case something big breaks. You also have a lot of little things. Labor is a big factor in these. I do most of my own work that cuts the costs considerably. Location is also a big factor within a 50 mile area, a repair/maintenance cost can range from $5k to $50k just depending who does the work.

    Be careful of cheap boats with lots of hours on the engine. A boat of that age might have 3000 hours on the engines. Which depending on engines could mean that are in need of majoring.
     
  6. WestVanHan
    Joined: Aug 2009
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    Location: Vancouver

    WestVanHan Not a Senior Member

    Nick,like others stated: it all depends on the condition of the yacht,where you are,how much you can do yourself,how much you travel,etc.

    But more important is how much money the previous owner has spent on her in recent years, ie has she been well maintained?

    Which engines? CATS,MAN or MTU? I'd suggest CATS are they are more friendly for the DIY. Probably 3406 in a 64'

    I have a 70' but not a Sunseeker but very similar. I was looking at the 74' Manhattan but got something with a better layout.

    Miscellaneous thoughts,my expenses:
    -I haul every 4-5 years. Cold ocean,lots of fresh water areas. Cheap.
    -I can anchor out and pay zero for moorage for years if I wanted. Can you do that in the Med?
    -ghosting along at 7-8 knots I get the same mpg as a friends 48' trawler at the same speed.Your 64' should get about 3 mpg at 7-8 knots
    -own my own dock,so that is free
    -I don't watch TV or sports,my hobbies are cars and fiddling on my boat.

    Ask me questions if you like, but won't reply for a week as I'll be out of town salmon fishing on my boat.
     
  7. CDK
    Joined: Aug 2007
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    Location: Adriatic sea

    CDK retired engineer

    Beautiful ship, designed for the very rich in 2004.
    Now, 12 years later she is still worth 300k if in good condition, but a real money pit if you intend to keep it that way.
    If you want to live on it mooring out may not be suitable, so you need a berth with shore power. In the Med that costs a fortune; marina owners expect you to be rich and are after your wallet. Unlike WestVanHan' case, the sea is warm and the sea life is waiting for an object to attach to permanently, so you better not wait 4-5 years to lift the 30 tons out.

    My guess is 30k/year, major repairs not included.
     
  8. mydauphin
    Joined: Apr 2007
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    Location: Florida

    mydauphin Senior Member

    Cdk is on the money about the yacht look affecting the price price of things also and about warm water needing more haulouts, especially when you first own boat until you get a feel for the maintenance curve. I never was impressed by the sun seekers as long term live aboards, there are many things to do to make them more maintenance friendly. But more importantly what are the conditions on engine. Have the oil tested before you buy definitely and find out how much to rebuild them.
     
  9. WestVanHan
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    Location: Vancouver

    WestVanHan Not a Senior Member

    Seeing as the OP can't care enough to check in,no point in going further. Oh well,I could have saved him a lot of money.
     
  10. Angélique
    Joined: Feb 2009
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    Location: Belgium ⇄ The Netherlands

    Angélique aka Angel (only by name)

    It looks you guys scared him off, the 64 (2002) in Barcelona is still for sale . . ;)

    -- link 1 -- link 2 -- link 3 -- link 4a > 4b -- link 5 --​

    P.S. - ‘‘Must Sell in 4 Weeks’’ (built: 2000 - 2002 ?) -- link 1 -- link 2 --
     
  11. mydauphin
    Joined: Apr 2007
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    Location: Florida

    mydauphin Senior Member

    If yatch sales people would say the truth, they would have a hard time selling them to noobies.
     
  12. Kailani
    Joined: Apr 2013
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    Location: Hawaii

    Kailani Senior Member

    Real estate agents don't dwell on 30 years of mortgage interest, maintenance, and property taxes either ...
     
  13. mydauphin
    Joined: Apr 2007
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    Location: Florida

    mydauphin Senior Member

    True... My boat is cheaper than a home...
     

  14. WestVanHan
    Joined: Aug 2009
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    Location: Vancouver

    WestVanHan Not a Senior Member

    For my boat (70',wet bar, V12s,leather,corian,suede,wood,wet bar,queen size beds,garage,wet bar,flybridge, swim platform,wet bar,etc-all the fine accoutrements an esteemed gentleman such as myself deserves) I paid about 2/3 the price of a 400+ square foot 1 bedroom apartment in Vancouver....or the same price as same new/er apartment a 30 minute drive from downtown.
     
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