31m Ocean Alexander IRIDESCENCE Sold in IYC-Obey Deal

A completed deal in the thirty-metre market

The 30.68-metre Ocean Alexander motor yacht IRIDESCENCE has been sold, according to a transaction report issued on 16 October 2026 by SuperYacht Times. Mark Ross of Rick Obey Yacht Sales introduced the buyer, while Matthew Stone of IYC represented the seller. The account identifies a completed brokerage transaction rather than a new invitation to make offers.

The final consideration was not disclosed. The yacht had previously been marketed at an asking price of US$7,795,000, a figure that remains useful historical context but must not be reported as the amount actually paid. A completed sale at an undisclosed price provides evidence of market activity without establishing a reliable transaction benchmark for comparable vessels.

Ocean Alexander's established 100-foot platform

IRIDESCENCE belongs to Ocean Alexander's 100-foot motor yacht family, a range developed to combine private accommodation with performance suitable for extended coastal cruising. The design was shaped by Evan K Marshall for its exterior and interior treatment, while the builder was responsible for the naval architecture. The arrangement reflects a semi-custom approach familiar to buyers in the production superyacht sector.

Published descriptions vary slightly in how the vessel's model year and exact length are presented. The latest transaction account gives a length of 30.68 metres and describes a 2019 launch, while earlier IYC sales material has referenced a 2020 model year. Such differences illustrate why legal build documentation and the particulars of an individual hull matter more than nominal model designations.

Five staterooms and a main-deck owner suite

The yacht accommodates ten guests in five staterooms, including a main-deck primary suite intended to give its occupants privacy and straightforward access to guest circulation spaces. The additional guest cabins provide options for family groups or friends travelling together. Separate crew accommodation supports service without requiring guests and professional crew members to share all the same routes.

Accommodation capacity alone says relatively little about the experience of living aboard. Buyers considering a similar yacht should inspect the dimensions of the cabins, sound insulation, climate control, accessibility and the relationship between guest spaces and working equipment. The practical suitability of a layout is often revealed during an extended viewing rather than from a deck plan.

An unusually open flybridge

IYC has highlighted IRIDESCENCE's large single-level open flybridge as a distinguishing feature. The arrangement provides a broad outdoor setting for dining, lounging and entertaining, with a bar and space to enjoy views while at anchor. A single-level space can be more straightforward for groups to use than a series of smaller terraces connected by steps.

Comfort on an exposed upper deck depends on shade, seating security, weather protection and the strength of the breeze when moving between cruising grounds. A useful buyer inspection would also consider the condition of deck coverings, fittings, railings and equipment exposed to salt and sunlight. The area has to work as a safe deck at sea as well as a social venue.

Caterpillar propulsion and advertised performance

The transaction report describes twin Caterpillar diesel engines providing a published cruising speed of nineteen knots and a maximum speed of approximately twenty-two knots. These are reported specifications, not fresh independent sea-trial figures verified as part of the October sale. Owners should consult the actual engineering records and evaluate performance under the vessel's normal cruising load.

The installed equipment also includes zero-speed stabilisation and manoeuvring aids in the broker's inventory. Such systems may be valuable in crowded marinas and at anchor, but their condition and integration must be assessed individually. An owner's technical survey should cover maintenance history, engine hours, software updates and the accessibility of replacement parts.

Why the sales representation matters

The transaction involved brokers representing different parties, with Mark Ross introducing the purchaser and Matthew Stone acting for the seller. This division of responsibilities is familiar in the superyacht market, where buyers and owners often engage separate advisers to navigate offers, inspections and closing conditions. It is not evidence of the price paid or the terms of the contract.

Even for a well-known builder, due diligence remains essential. Purchasers need to establish title, flag registration, tax status, inventory exclusions, warranties and responsibility for identified defects. Those considerations can change the economic value of an acquisition materially, regardless of a yacht's specification or the presentation of its interior.

Brokerage context rather than a market verdict

IRIDESCENCE joins the list of completed transactions in the market for privately operated superyachts around thirty metres. Buyers in this range compare relatively new production yachts with older vessels whose refits may offer alternative accommodation or machinery arrangements. Age, maintenance history and berth requirements therefore contribute heavily to price differences.

The reported sale alone cannot establish that values across the Ocean Alexander range are rising or falling. Meaningful analysis would require multiple confirmed closing prices adjusted for condition, equipment, location and tax treatment. For now, the verifiable information is a change of ownership and the identities of the brokers involved, not a market-wide trend.

What this transaction demonstrates

The appeal of a yacht such as IRIDESCENCE lies in combining a recognisable construction platform with individual amenities, particularly a main-deck owner suite and expansive open flybridge. That arrangement can suit an owner who wants substantial entertaining space without moving into a significantly larger yacht with a more demanding crew and operating budget.

The transaction report closes the marketing story of this individual vessel while leaving the negotiated price private. Prospective purchasers following the thirty-metre sector can use the published specification as a comparison point but should avoid assuming the historic asking figure was achieved. The eventual ownership experience will depend on the actual condition and continuing maintenance of the yacht.