Condo cruise line converting more ships
After selling out its first luxury cruise ship condominium project, Condo Cruise Lines is working on converting two more medium-sized ships.
The first ship's condo prices started out at $349,000 and went as high as $529,000 last January.
The Cruise Line announced last January that it was taking semi-retired cruise ships and converting about two-thirds of the staterooms into multi-room luxury condo suites. Now, the company has four more ships targeted for conversion to condos, and the next two are already being re-configured by its maritime design partners.
Condo Cruise Lines officials say that many real estate investors are opting for this variation to the pre-construction condo purchase because the rental income is about five times higher than a beachfront condo on the Gulf of Mexico.
No comments:
Post a Comment