42.97m JUST ENOUGH Listed for Sale at $4.795 Million

IYC has added the 42.97-metre motor yacht JUST ENOUGH to its global sales fleet at an asking price of $4.795 million. Built by Ares Marine in 2012 and refitted in 2024, the aluminium tri-deck yacht accommodates up to 11 guests in five cabins and arrives on the market with a documented record of commercial charter activity.

The new listing is unusual because IYC has published both the current asking price and figures describing the yacht's recent investment and past charter revenue. The brokerage says almost $2 million has been invested in recent repairs and upgrades, while JUST ENOUGH generated approximately $7.9 million in gross charter revenue between 2018 and the end of 2022.

A 42.97m yacht with a 2024 refit

JUST ENOUGH was delivered in 2012 by Ares Marine and has a gross tonnage of 278GT. IYC's current sales specification lists an aluminium hull and superstructure, a beam of 21 feet 6 inches, accommodation for 11 guests, five cabins and quarters for a crew of nine.

The yacht underwent a significant interior and exterior refit in 2024. According to IYC, the work included changes to the galley and approximately 80 per cent new paint, while the brokerage separately notes that almost $2 million has been invested in recent repairs and upgrades.

Those figures matter because a yacht of this age can present very different ownership propositions depending on maintenance history and the timing of major work. The current listing does not remove the need for survey and technical due diligence, but it gives buyers a clear indication that recent expenditure has been directed at the yacht rather than leaving all significant work for the next owner.

Five cabins and established charter use

IYC describes JUST ENOUGH as accommodating up to 11 guests in five cabins, giving the yacht a practical arrangement for both private cruising and commercial charter. The tri-deck format provides the volume and separation expected from a yacht in the low-40-metre range without moving into the substantially larger operating footprint of a 50-metre yacht.

The brokerage highlights expansive outdoor areas, a Jacuzzi, bar and extensive water-toy collection. Zero-speed stabilizers are also fitted, supporting guest comfort while the yacht is at anchor and reinforcing the focus on leisure use rather than treating the vessel simply as a transportation platform.

The most distinctive commercial figure in the announcement is the reported approximately $7.9 million in gross charter revenue generated between 2018 and the end of 2022. Gross revenue is not the same as profit, because charter operation brings crew, maintenance, management, insurance, marketing, provisioning and other costs, but the figure does demonstrate that JUST ENOUGH has operated within an established charter programme.

Commercial history gives buyers a reference point

For a buyer considering continued charter operation, historical revenue provides a more concrete reference than simply describing a yacht as charter-ready. It does not guarantee future bookings or rates, yet it shows that the vessel has already been marketed, crewed and operated for paying guests over a multi-year period.

IYC presents the yacht as combining lifestyle appeal with demonstrated commercial potential, a distinction that is important in this part of the brokerage market. Some yachts entering sales fleets have been used almost entirely privately and require a new owner to build a charter programme from the beginning, whereas JUST ENOUGH arrives with an operating history that can be examined during due diligence.

The 2024 refit also intersects with that commercial history because charter yachts accumulate wear differently from lightly used private vessels. Buyers will still need to inspect machinery, systems, interiors and records independently, but recent repairs and upgrades can reduce the number of immediately visible projects competing for attention after acquisition.

Performance and operating profile

IYC's live listing gives JUST ENOUGH a maximum speed of 18 knots and a cruising speed of 12 knots. The specification places the yacht within a conventional motor-yacht operating profile, balancing passage speed with the accommodation and exterior amenities that form the core of the sales proposition.

At 278GT, the yacht offers substantial guest volume without approaching the 500GT scale common among larger 45-to-50-metre vessels. That difference can influence crew structure, systems complexity, fuel consumption and berthing options, although actual annual costs will depend on operating programme, location, maintenance standards and regulatory requirements.

The current sales material emphasizes usability rather than technical novelty. Five cabins, a crew of nine, stabilizers, outdoor entertainment areas and a large toy inventory are all established superyacht features, but together they create a platform that can transition between family cruising and commercial charter without requiring the yacht to be reconfigured around a single use.

$4.795 million asking price

The asking price is $4.795 million, confirmed on IYC's live yacht listing as well as the new sales-fleet announcement. At that level, buyers are not only comparing JUST ENOUGH with yachts of similar length; they are also weighing age, refit condition, charter history, crew requirements and the amount of further capital expenditure likely to be needed after purchase.

The almost $2 million of recent repairs and upgrades therefore forms an important part of the pricing context. It should not be treated as a dollar-for-dollar addition to market value, because refit expenditure and resale value do not move in a simple linear relationship, but it does provide evidence of recent investment that can be tested against invoices, work lists and survey findings.

Likewise, the $7.9 million gross charter-revenue figure should be read as an operating-history indicator rather than a promise of future returns. Charter demand, rates, owner-use periods, crew quality, management and destination all affect future performance, and a purchaser considering commercial operation would need to build a fresh business case around current conditions.

What the listing does provide is a relatively complete commercial picture at the point JUST ENOUGH enters IYC's sales fleet. Buyers can assess a 42.97-metre yacht with a 2024 refit, five-cabin accommodation, recent investment, an established charter record and a clearly published asking price rather than beginning with a largely undisclosed proposition.

With the yacht now formally offered through IYC, the next stage will be whether that combination of price, refit history and charter experience attracts buyers seeking a turnkey platform that can continue in commercial operation or move back toward predominantly private use. That choice will depend on how much weight a purchaser places on proven charter history compared with age, specification and future operating plans.