Market Reports · June 10, 2026
The World's Most Ambitious Address: Ulyssia, the 323-Metre Residential Yacht
When a $1.5 billion, 323-metre vessel with 122 private residences begins construction in China, it signals something profound about where ultra-high-net-worth buyers are taking the concept of home.
By Condo Invest Miami Research · Editorial & market research · 7 min read
The Address That Moves
In June 2026, Ulyssia Residences confirmed its 323-metre residential yacht — designed by Espen Oino — will be built by China Merchants Cruise Shipbuilding (CMCS), with a maiden voyage from Monaco planned for 2031. Valued at an estimated $1.5 billion and composed of 122 private residences and 22 guest suites, Ulyssia is not a yacht. It is a floating city for the ultra-wealthy.
This project sends a clear signal to Miami’s top-tier market.
What Is Ulyssia?
Specification · Detail
--- · ---
Length · 323 metres
Residences · 122 private residences + 22 guest suites
Designer · Espen Oino International
Interior · FM Architettura (Milan)
Builder · China Merchants Cruise Shipbuilding (CMCS)
Wellness Partner · Chenot Spa & Medical Facility
Expedition Partner · EYOS Expeditions
Aviation · VistaJet (2 helicopters)
Submersibles · Triton Submarines
Delivery · 2031, departing Monaco
Amenities include a yacht club and marina, dive centre, multiple restaurants and bars, sports courts, simulators, a theatre, library, art studio, luxury tenders, and Triton submersibles. The project also incorporates battery and solar technologies as part of its long-term sustainability programme.
Why This Matters for Miami
Ulyssia is not a Miami project, but its buyer profile maps directly onto Miami’s ultra-high-net-worth cohort: privacy, mobility, and fully integrated amenities define their brief. Those priorities are the same forces pushing Miami’s pre-construction luxury market to record price levels.
The buyers who can afford a residence on Ulyssia are the same buyers who purchased the $90M penthouse at Six Fisher Island, the $86M closing at Seaway at the Surf Club, and the $150M+ Indian Creek estates acquired by Mark Zuckerberg and Larry Page. They are not buying a property in the traditional sense. They are buying a piece of lifestyle infrastructure.
The Convergence of Yacht and Real Estate
For decades superyacht ownership and luxury real estate sat in different lanes. Owners held both for distinct reasons: one for mobility, the other for permanence.
Ulyssia collapses that divide. A residence on Ulyssia delivers:
- Permanent address with the flexibility of global mobility
- Superyacht amenities at a fraction of the cost of private yacht ownership
- Community with a curated group of like-minded residents
- Privacy at sea, beyond the reach of any jurisdiction
That calculus explains why buyers pay premiums for Miami’s ultra-luxury pre-construction inventory: they want an address that doubles as home and statement.
What Miami Offers That Ulyssia Cannot
Ulyssia sells mobility and exclusivity. Miami sells permanence, land, and proximity to a dynamic financial and cultural hub. No floating platform can fully replicate a fixed address in a global gateway.
Developments such as Indian Creek Residences & Yacht Club, Six Fisher Island, and the Mandarin Oriental Residences provide what Ulyssia cannot — a permanent base in a city that has become the de facto capital of global wealth migration. Miami’s 0% state income tax, its role as the gateway to Latin America, and its rising status as a tech and finance hub position it to capture the same buyer profile Ulyssia targets.
The Bottom Line
Ulyssia is a bellwether. When a $1.5 billion residential yacht moves from plan to construction, it proves the ultra-high-net-worth buyer will pay extraordinary premiums for extraordinary experiences. Miami’s top pre-construction projects — those combining architectural quality, branded hospitality, and waterfront access — compete directly for these buyers.
The question isn’t whether these buyers exist. The question is which address they choose first.
For guidance on Miami's ultra-luxury pre-construction opportunities, contact our team.