![\"Florida](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/This-real-estate-mogul-in-Tampa-Bay-Florida-broke-down-the-real-cost-of-owning-a-5-million-superyach.webp\")
<\/p>\n<\/p>\n
This real estate mogul in Tampa Bay broke down the cost of owning a $5 million superyacht<\/a>, and it\u2019s probably worse than you think.<\/p>\n We all know that buying a very expensive yacht comes with even higher running costs.<\/p>\n The content creator factored in monthly fuel costs on top of maintenance, paying a captain, insurance, and parking.<\/p>\n That number is much higher than everyone assumed, and it confirmed a long-held belief about yachts.<\/p>\n Click the star icon next to supercarblondie.com<\/a> in\u00a0Google Search<\/a>\u00a0to stay ahead of the curve on the latest and greatest supercars, hypercars, and ground-breaking technology<\/p>\n This is how much money you need to maintain a $5 million yacht in Florida<\/p>\n Ben Mallah<\/a>, a real estate mogul who lives in Tampa Bay, Florida,\u00a0took to his social media accounts to share the monthly price of a luxury\u00a0yacht.<\/p>\n \u2018Parking\u2019 the yacht alone costs thousands of dollars a month.<\/p>\n In his estimation, docking the yacht has never cost him less than $7,000 every month.<\/p>\n And that\u2019s pretty conservative, because in general he says the true average is closer to $10,000-$15,000 per month.<\/p>\n Superyachts like his<\/a>\u00a0also require a captain and a crew, and that\u2019s not cheap either.<\/p>\n For a boat of his size (30 meters or 100 feet), you\u2019ll need to pay the captain at least $100,000 a year, and that\u2019s on top of other crew members you can\u2019t really do without.<\/p>\n Keeping your\u00a0superyacht<\/a>\u00a0safe is essential, and making sure that you\u2019re covered if it gets accidentally damaged, Ben says insurance is about $4,000-$5,000 a month.<\/p>\n It used to be closer to $2,000, but maritime insurance in Florida<\/a> has recently skyrocketed.<\/p>\n You also need regular upkeep, so hiring maintenance people and buying maintenance equipment costs around $4,000 a month, according to Ben.<\/p>\n All in all, you\u2019re looking at at least $500,000-$600,000 a year in maintenance costs<\/a>.<\/p>\n Then there\u2019s the \u2018big one\u2019<\/p>\n![\"This](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/1773803370_600_This-real-estate-mogul-in-Tampa-Bay-Florida-broke-down-the-real-cost-of-owning-a-5-million-superyach.webp\")
<\/a>Ben Mallah<\/p>\n
![\"This](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/03\/1773803371_525_This-real-estate-mogul-in-Tampa-Bay-Florida-broke-down-the-real-cost-of-owning-a-5-million-superyach.webp\")
<\/a>Ben Mallah<\/p>\n