45.7m Palmer Johnson FIVE Reduced €800,000 to €11.7m

Royal Yacht International has reduced the asking price of the 45.72-metre Palmer Johnson motor yacht FIVE by €800,000, bringing the yacht to €11.7 million. The broker’s live sales inventory independently shows the same €11.7 million asking price, confirming the reduction across both the announcement and the current listing.

The adjustment follows an extensive 2025 refit at Palumbo Superyachts in Ancona that Royal Yacht International describes as covering the yacht’s exterior, interior and technical systems. FIVE is currently available for viewings in Savona, giving buyers a recently refitted high-performance yacht at a substantially lower price than a comparable new custom build.

€11.7 million after a major 2025 refit

FIVE was delivered by Palmer Johnson in 2009 and first refitted in 2012. The latest programme is much more extensive, with RYI describing a multi-million-euro renovation that included new stabilisers, an AV system, a full paint job, interior renewal and a certified hull renovation scheme.

That work matters in the brokerage context because refit condition can be as important as chronological age. A 2009 yacht that has undergone a serious technical and cosmetic programme may compete against newer yachts if major systems, finishes and structural work have already been addressed, reducing the immediate capital programme expected of a buyer after acquisition.

Royal Yacht International markets FIVE as being presented in markedly refreshed condition following the 2025 work. The yacht’s current asking price therefore combines an older build year with a recent refit history, creating a different value proposition from both untouched yachts of similar age and newer yachts carrying a much higher replacement cost.

Performance remains central to the Palmer Johnson character

RYI lists a top speed of 26.5 knots and a cruising speed of 20 knots from twin MTU diesel engines. Those figures retain the performance emphasis associated with Palmer Johnson’s sport-yacht output and distinguish FIVE from heavier displacement yachts of comparable length that prioritise range and volume over speed.

The yacht accommodates up to 10 guests in five staterooms, including a full-beam master suite, two double cabins and two twins. A crew of eight supports the guest programme, giving the yacht a conventional charter-style accommodation balance despite the sportier exterior profile and performance envelope.

The 2025 interior work introduced a brighter contemporary treatment based on light-toned wood, neutral furnishings and larger visual connections to the exterior. RYI also highlights a fully equipped gym, while the main saloon combines lounge seating with formal dining for a layout intended to work for both private use and commercially oriented operation.

Outdoor areas were renewed for modern use

The aft deck provides casual seating and direct access toward the swim platform, while the foredeck offers a more private sunbathing area. The sundeck is positioned as the main social space, with an on-deck Jacuzzi, bar, alfresco dining and modular furniture that can be rearranged for different guest uses.

Those features are familiar on contemporary yachts, but their importance on FIVE lies in the refit having brought an established 2009 platform closer to current expectations. Buyers evaluating older performance yachts often face the choice between accepting dated spaces or funding a substantial programme after purchase, whereas much of that work has already been undertaken here.

Royal Yacht International also states that FIVE was built for commercial use. That does not by itself determine the yacht’s future operation, but it is a relevant part of the sales proposition for buyers considering a yacht that may need to support charter activity or more intensive seasonal use.

The refit scope is particularly important because it crossed cosmetic and engineering categories rather than concentrating on décor alone. RYI specifically cites the stabilisation system, AV equipment, paintwork and hull renovation alongside the interior programme, suggesting that the seller invested in both the visible presentation of the yacht and systems that affect reliability and comfort.

At 45.72 metres, FIVE also sits in a size range where refit decisions can become economically significant. Paint, stabilisers, structural surveys and interior renewal can each represent major projects, so evidence that these areas were addressed in 2025 gives buyers a more concrete basis for comparing the €11.7 million asking price with yachts that may appear cheaper but carry deferred capital work.

The combination of a 20-knot cruising speed and 26.5-knot maximum remains unusual among many modern yachts in this bracket, where displacement hulls often accept lower speeds in exchange for range and efficiency. FIVE therefore appeals to an owner who values the ability to move between cruising areas quickly and is prepared for the fuel and engineering implications of that performance.

RYI’s description of a certified hull renovation scheme adds another layer to the refit story. The broker compares the result with the condition expected after a first special survey, a claim that prospective buyers and surveyors will still need to examine through technical due diligence but which signals the depth of work undertaken during the programme.

The 2025 programme also reduces the visual gap between FIVE and much newer yachts. Fresh paint, renewed interiors and updated onboard systems cannot change the original build date, but they can materially change how a buyer experiences the yacht during inspection and how quickly she can return to active use after purchase.

A sharper price in a competitive 40–50m market

The €800,000 reduction places FIVE at €11.7 million at a time when buyers in the 40-to-50-metre bracket can choose between older pedigree yachts, heavily refitted platforms and more recent builds. The refit gives FIVE a strong condition story, while the Palmer Johnson name and 26.5-knot top speed provide points of differentiation from more conventional displacement yachts.

The challenge for any yacht in this segment is that buyers can compare a wide range of design philosophies at similar asking prices. FIVE’s proposition is unusually specific: performance, a recognised American builder, five-cabin accommodation and a recent multi-million-euro refit, rather than maximum internal volume or explorer-style range.

RYI has not indicated whether the latest reduction is tied to a particular sale deadline. For now, the confirmed €11.7 million asking price and availability for viewings in Savona give the market a clear benchmark for a comprehensively refitted Palmer Johnson entering the autumn brokerage season.