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Byline: Jaime Cunningham
For anyone fantasizing about buying real estate but unable to settle on a location, there's an ideal new solution: invest in a condo on a luxury cruise ship. Cabin owners can not only list exclusive ports of call as their temporary addresses but also enjoy the amenities offered on traditional holiday cruise lines, from restaurants and athletic facilities to Internet access and theaters.
Launched in 2002, the World is the first condominium cruise ship. In addition to its 110 luxury residences, the ship has a medical center, a swimming pool, an art gallery, a spa and restaurants. Ports of call vary by season, but within a single year, the World promises to hit the most desirable seaside locales in the Mediterranean, western and southern Africa, the Caribbean and Asia. A 31-square-meter studio starts at $825,000, including ...