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Real Estate

Move aside, billionaire bunkers — this company is building superyacht submersibles for the mega-rich

Talk about making a splash.

Move over, billionaire bunkers — because Austrian company Migaloo is bringing the ultimate in luxury to the depths of the ocean with its groundbreaking concept: the private submersible superyacht.

Forget sprawling mansions, this is the era of underwater extravagance.

Migaloo has unveiled its ambitious vision for what it touts as the “world’s one and only private submersible superyacht,” presenting “a not-yet-existing alternative to large privately owned surface vessels.”

The project focuses on building a superyacht submersible that can remain under water for up to four weeks.
It can withstand many weather conditions. Migaloo
These superyacht submersibles can cruise for about 9,320 miles. Migaloo

Imagine descending 820 feet into the azure depths, and in the confines of a luxury vessel.

Dubbed the M5, this submarine marvel boasts dimensions that rival the grandeur of any floating palace, stretching 545 feet in length and 75 feet across at its widest point. And with a range of 9,320 miles, it’s poised to explore the farthest reaches of the ocean.

But luxury isn’t just about size; it’s about customization.

Migaloo understands this, offering its elite clientele a blank canvas.

It can fit a helipad. Migaloo
The look is purely futuristic. Migaloo

From helipads to hot air balloons, underwater shark-feeding stations to sub-tenders for aquatic adventures, the options are as limitless as the depths themselves.

Security is paramount in this world of excess, and Migaloo doesn’t disappoint.

Partnering with US security experts SAFE, it promises a level of protection that even James Bond would envy. It’s a private submersible fortress, ensuring the safety of both occupants and valuables alike.

Each superyacht submersible can be customized to the client’s liking. Migaloo
It can remain submerged for up to four weeks at a time. Migaloo

“Owners are looking for privacy, security and protection for themselves, their guests and their valuables,” CEO Christian Gumpold states on Migaloo’s website. 

The vessel could remain submerged for up to four weeks at a time.

Of course, such exclusivity comes at a price.

While the exact cost remains a closely guarded secret, estimates hover around a staggering $2 billion, with maintenance costs likely to add even more to the bill.

The price: an estimated $2 billion. Migaloo
The superyacht submersible stretches 545 feet in length and 75 feet across. Migaloo

Yet, this isn’t the first time we’ve seen such audacious concepts.

Aston Martin flirted with the idea of a luxury submarine back in 2017, while Migaloo itself made waves with their floating island concept, Kokomo Ailand.

The question remains: will the M5 become a reality, or will it remain a tantalizing dream for the super-rich?

Only time will tell, but one thing’s for sure: the era of billionaire basement bunkers is officially submerged.

But let’s hope it’s fate is nothing like the Titanic submersible which imploded last summer, killing five, including Titanic expert Paul-Henri Nargeolet.