Billy Joel Hawks Yacht on Las Olas and, in a Sign of the Times, Likely to Lose His Shirt

The piano man is giving up on his commuter yacht.
The piano man is giving up on his commuter yacht.

If you've been down Las Olas recently, you might have noticed a stunning yacht full of wood trim and chrome accents, docked unceremoniously at the corner of Fiesta Way. If you've got about $2 million to blow, it's yours. Bonus: You can tell your friends that you own Billy Joel's old yacht.

The boat, named Vendetta, is a 57-footer that Joel had built in 2005 so he could commute from his home on Long Island to New York City. Back then, the yacht earned magazine write-ups for its throwback style and high top speed -- it can hit 44 knots, or 50 mph.

Vendetta began from sketches in 2000, and the design, with a sharp edge to the bow and

a sloping stern, was a throwback to the New York City commuter yachts of the 1920s. It looked like out of a scene from the Great Gatsby, and when he first saw it, Joel reportedly said it was "love at first sight." His then-wife Katie Lee christened it July 24, 2005, with a bottle of champagne across its bow in Mamaroneck Harbor, New York.

Joel's broker hopes a high-profile spot on Las Olas will help unload the yacht.
Joel's broker hopes a high-profile spot on Las Olas will help unload the yacht.

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Joel paid $2 million to Derecktor Shipyards for the yacht, but in a sign of the times in the struggling yacht business, he's likely to lose some dough on the deal. It was initially listed for $2,149,000, but with no sales, it has since been lowered to $1,950,000.

Yacht broker Bruce Leffers says Joel decided to sell Vendetta simply because he didn't need it. "He's just not using it anymore," Leffers said.

Joel has a home in Miami Beach, but Vendetta was docked on Las Olas so that a buyer might spot it from the road, Ledgers said. "It just made more sense to have it on a busy thoroughfare," Leffers said.


Follow The Juice on Facebook and on Twitter: @TheJuiceBPB. Follow Eric Barton on Twitter: @ericbarton.




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