Larga Vida Questions and Answers

 

 

1)    What does the monthly HOA fee cover?

 

            Ÿ  all amenities including: beauty salon, gym, massage, butler,

                 chauffeur, medical consultation, scuba diving,

                 and mini-sub excursions.

 

            Ÿ  weekly housekeeping

 

            Ÿ  free stateroom for visiting guests

 

            Ÿ  entertainment

 

            Ÿ  $50,000 worth of cruising each year

 

            Ÿ  laundry service

 

            Ÿ  high-speed WiFi

 

     The fee does not cover meals and alcoholic drinks

 

2)    Can I live aboard full time?

 

            Ÿ  Certainly.

 

3)    Can I rent out my condo suite?

 

            Ÿ  As of now, the rental option is not available.

                 However, the HOA may vote to allow owner renting.

 

4)    Can I tour the ship prior to closing?

 

            Ÿ  Yes.  The ship will be available to tour prior

                  to closing your purchase.

 

5)    Is there financing available?

 

            Ÿ  Not officially.  You should contact your own sources if you need

                 financing.  However, if you absolutely need to finance your condo

                 purchase, we have investors who will finance you, but at a higher

                 interest rate than you could arrange on your own.

 

6)    What is the purchase process?

 

            Ÿ  Upon deciding to proceed, you will provide ORCA with a completely

                 refundable 5% deposit.  Upon the arrival of the ship in Miami you will

                 close and pay for your condo if it meets your approval.

 

7)    Is the 5% reservation deposit refundable?

 

            Ÿ  Yes.  If you for any reason you decide not to go through with the purchase,

                 100% of your escrowed deposit will be refunded plus any interest it earned.

 

8)    What are the sizes of the suites?

 

            Ÿ  235 sq’ to 360 sq’

 

9)    Is parking free?

 

            Ÿ  Yes.

 

10)   Will I need a passport?

 

            Ÿ  Yes, as the ship will eventually be stopping at various

                 ports around the Caribbean and South America.

 

11)   Will there be owner storage aboard?

 

            Ÿ  As of now, no.  However there have been discussions    

                about creating lockers where owners could store certain

                household items. This will be decided by the HOA if space exists.

 

12)   Is there housekeeping?  How often?

 

            Ÿ  Yes, weekly cleaning of your suite includes disinfecting the

                 unit at the same time.

 

13)   Is there an owner laundry on board?

 

            Ÿ  Yes, if there are personal items you wish to launder yourself,

                 there is a laundry room with (free) washers and dryers.

 

14)   When will the ship be ready to move aboard?

 

            Ÿ  That depends on the timing of condo sales.  When the last condo

                 has been sold, the ship will be moved from its current location to Miami.

                 It is felt that could occur as soon as October, but more likely some

                 time in November or December.

 

15)   Do I need to buy insurance for my personal belongings?

 

            Ÿ  Yes. Your personal possessions will not be covered by the ship’s policy.

 

16)   Who will manage the vessel?

 

            Ÿ  ORCA is a subsidiary of Sophlex Marine Management in Port Canaveral

                 which will be responsible for all things maritime.  The yacht’s staff and crew

                 are all provided by Sophlex and they are contracted to run the vessel both

                 at sea and in port. Sophlex has nearly 40 years experience in managing

                 everything from tugboats to large cargo carriers, as well as large mega-yachts.

 

17)   How much is the HOA fee? Do I pay even when I’m not aboard?

 

            Ÿ  The preliminary estimates seem to place the fee in the range of $2,500 to

                 $3,800 per month. The fee is constant and is required whether or not you are

                 aboard, just as a land-based condominium unit.

 

18)   Where does the profit from meals and alcohol sales go?

 

            Ÿ  To the HOA for ship operations.

 

19)   What kind of medical care is on board?

 

            Ÿ  When cruising there will be a doctor in the medical center.  When in port, the center

                 will be manned by a nurse as emergency medical help will always be a short distance

                 away.

 

20)   Can I bring guests and can they stay overnight? 

 

            Ÿ  Up to 4 guests may stay up to 4 days in a guest suite. The guest suite must be reserved

                 well in advance of cruise weekends and special events. 

 

21)   When at sea, what laws and regulations apply?

 

            Ÿ  The country the vessel is registered in has authority. In our case, that’s the US.

 

22)   Where exactly will the yacht be permanently docked?

 

            Ÿ  At one of three sites ORCA is negotiating for.  All are within 10 minutes of either

                South Beach or downtown Miami. The final site selection will be announced prior

                to the closing of condo sales.

 

23)   What entertainment does the yacht have?

 

            Ÿ  The vessel will have its own house band but may also feature local music from

                 entertainers in each port.

 

24)   What is the dining like?

 

            Ÿ  Three meals a day will consist of upscale dishes prepared by the yacht’s expert

                 chefs.  Every Friday, a local gourmet chef will prepare a signature meal featured

                 in his/her local restaurant.

 

25)   Can I decorate my suite as I like?

 

            Ÿ  Inside your suite you may perform superficial cosmetic decorating.  You may not

                alter the structural integrity of the room and all changes or additions must be                                            approved in writing by Sophlex.

 

26)   What is the butler service?  Is there tipping?

 

            Ÿ  Each deck will have its own butler to attend to the needs and wishes of each resident.

            Ÿ  Tipping is not required but encouraged for attending staff like bartenders, servers, limo

                 drivers, butlers, and health/spa workers since their services are complimentary.

 

27)   How does the free limo service work?

 

            Ÿ  Two staff members will be available for limo trips. While the service is complimentary,

                 you will not be able to monopolize the driver and the limo for hours on end.

 

28)   When can I use the submarine?  Is it safe?

 

            Ÿ  The submarine can operate 12 hours on one battery charge.  That means on a weekend cruise                      all 50 condo owners can take a 30-minute 2-person dive.  

 

            Ÿ  The U-Boat Worx  Super Yacht Sub 3 is considered one of the safest mini-subs in the world.                     Numerous safety systems are built in and the sub even has a 96-hour emergency backup 

                  battery.

 

29)   What exactly do I own?

 

            Ÿ  You will actually own a position in a yet-to-be-formed HOA LLC.  As such, you will have the                       exclusive right to occupy your selected suite. In reality, you theoretically own 1 1/50th of the 

                  yacht.

 

30) What are the sizes of the rooms and pricing?           

 

   Ÿ  Deck 6 (top deck)   Penthouse Suite 4                  360 sq’            $468,000

   Ÿ  Deck 5                     Deluxe Terrace Suite 2           287 sq’            $373,000

                                         Deluxe Suite 12                      268 sq’            $348,000

   Ÿ  Deck 4                     Captain’s Suite 8                    303 sq’            $418,000

                                         Premium Suite 5                    303 sq’            $390,000

   Ÿ  Deck 3                     Premium Suite 12                  268 sq’            $348,000

   Ÿ  Deck 2                     Premium Suite 7                    235 sq’            $298,000

 

31)   Will there be land-line phone service to each suite?

 

            Ÿ  No. You will need your own cell phone service for calls.

 

32)   If I can’t make a cruise, can I loan my suite to a friend?

 

            Ÿ  Yes. However, HOA rules may prevent you from renting it to them.

 

33)   Will there be a sundry shop aboard?

 

            Ÿ  Yes. Certain gift shop, healthcare, grooming, and snack items will be available.

 

34)   Where will the ship go for cruising?

 

            Ÿ  The yacht will be at sea 54 days of the year. For 3-4 days a month it will cruise

                 the islands of the Caribbean. Then, once a year it will take a two-week cruise

                 to a major port destination like Costa Rica or Panama. The itinerary is flexible and

                 will be determined by the HOA upon suggestions from ORCA.

 

35)   Are there COVID-19 safety measures? Can we go ashore on cruises?

 

            Ÿ  The yacht will have a number of COVID-19 protection technologies in place.

                 This includes a temperature scanning system that will discreetly monitor everyone

                 coming aboard without them even stopping, a HEPA-grade air filter device installed

                 in the vessel’s air conditioning and ventilation systems, and the ship will also have a

                 state-of-the-art onboard saliva testing capability. Finally, every person on staff will

                 be certified to apply strict CDC and WHO disinfecting protocols, from bartenders to

                 the captain on the bridge. Those who contract the virus will have to quarantine ashore.

 

36)   What happens when a hurricane approaches?

 

            Ÿ  The good news is, we simply move out of the way. We know days in advance that

                 a major hurricane is approaching. Larga Vida can be over 200 miles away in 24 hours.

 

37)   What special events might the yacht attend?

 

            Ÿ  When worldwide outdoor events resume, a number of festivities come to mind. What a

                 fun way to attend future events like Mardi Gras in New Orleans, New Year’s Eve in

                 Key West, even the Beating Retreat Ceremony in Bermuda. How about Carnival in

                 Jamaica or Trinidad?  The 2026 FIFA World Cup Soccer event will be in the US,

                 Canada, and Mexico.

 

38)   What about repairs and maintenance?

 

            Ÿ  Sophlex Marine Management has exclusive control of all things mechanical on the yacht.

                 All costs associated with routine maintenance and assorted repairs are included in the HOA

                 fee. In the event of an unforeseen major mechanical issue a temporary assessment may

                 be required, but that seems highly unlikely as this vessel has been meticulously maintained

                 by its previous owner.

© 2020 by Oceanic Resort Condos of America, LLC  (ORCA) and Larga Vida.  ORCA is a subsidiary of Sophlex Marine Management in Port Canaveral, FL.