Retiring on a Cruise Ship

Tuesday, March 03, 2009

Waterfront Lifestyles International, a boutique maritime lodging company, is currently taking reservations for retirement condos on a mid-size cruise ship that will make monthly cruises to the Bahamas.

Prices for individual condo cabins on the 300 ft Alegria range from $159,000 for a single room to a larger suite for $399,000 plus a nominal Resident's Care monthly fee which covers all the operating expenses of the ship including crew, staff, fuel, maintenance, insurance, three meals daily, port fees, the medical center, and housekeeping. A huge difference between a senior care facility and living on Alegria is that the residents actually own the ship.

With the depressed economy the company realizes some seniors may have to put off retiring for a few more years. The company has a program where purchasers may buy their unit right now and rent it until they retire, thus eliminating both the purchase payment and the monthly Resident's Care fee until they actually move aboard.

Alegria will make weekend cruises each month to regional attractions such as shuttle launches, shopping excursions to Palm Beach, and trips to the Bahamas, and once a year it will take a weeklong trip to Central America. All cruise expenses are included in the Resident's Care fee. Residents will only pay for cocktails, casino charges, spa fees, and purchases in the gift shop.

The vessel has most of the same amenities of the larger ships including a spa, workout room, gift shop, cigar bar, night club, dining room, beauty shop, library, and a residents' storage area. The ship has twelve inside cabins that will be used as guest rooms. Owners' friends and relatives can use them at no charge, including meals. Condo ownership includes permanent free membership at a nearby country club for golf and tennis. All staterooms are outside units with picture windows.

The ship will be home-ported in Port Canaveral and operated, managed, and maintained by Marine Growth Ventures, a ship management company. The port, which is also home to Carnival, Disney, and Royal Caribbean cruise ships, is conveniently located within less than an hour's drive of Orlando and right next to the Kennedy Space Center where residents can go up on deck and watch Space Shuttle launches.

Waterfront Lifestyles International is a Florida limited liability company formed specifically for the creation of retirement condo cruise ships. While the ship in Port Canaveral is the company's first vessel, it expects to locate additional retirement ships in Tampa, Jacksonville, Palm Beach, and Sarasota.

(www.condoships.com)

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