The 45.7m Christensen build, Ionian Princess has been listed with Northrop & Johnson’s Joe Foggia with an asking price of $16.75 million.

She is built entirely of composite and was delivered in 2005 by the American yard. She has been undergoing a refit since November 2015 at Halkitis shipyard in Greece to ensure pristine condition for new ownership. Included in the refit work is new paint, engine and generator maintenance work, teak deck upkeep and a refreshment of the interior.

The interior is the work of Donald Starkey Designs and the exterior was completed by US-based Paragon Design. The layout offers accommodation for up to 12 guests, comprising two lavish master staterooms, one on the main deck and one on the lower deck, and four additional staterooms, all of which are en suite. The carefully planned layout is well suited for private use and she has a fantastic charter history.

Ionian Princess 

“She has averaged about 16 weeks of charter per year in the Mediterranean and will soon be offered for charter in the Caribbean”, commented Foggia. “It’s the staterooms that make her so appealing. They are beautifully kept and incredibly comfortable”, he continued.

The Superyacht Intelligence Agency’s data shows that, since 2011, the average re-sale listing price for 40m to 50m Christensen builds, at an age of between eight and 12 years at their time of listing, is $18.57 million, so she is evidently well-priced on the market. Furthermore, the refit work, which is merely supplementary to her already well maintained overall condition and her proven charter history, makes her a valuable addition to the market.

LOA: 45.73m

Year of build: 2005

CA: Northrop & Johnson

Asking price: $16,750,000


Profile links

Northrop and Johnson

If you've found this story to be 'a report worth reading' and you would like to enjoy access to even more articles, insight and information from The Superyacht Group, then you may well be interested in our print subscription packages, which include the most comprehensive and up-to-date information on the state of the superyacht market. Subscribe here, to these 'Reports Worth Paying For'