Unprecedented New Model Development and Sales Driven by Strong Client Demand.

Press Release - September 10, 2024

When an existing Palm Beach 70 customer came to Palm Beach Motor Yachts to develop a highly customized Palm Beach 107, and another long-time client wanted to develop a new outboard-powered Palm Beach GT to let him barrel down Long Island Sound to his New York City office at 60 mph, that essentially summarizes a typical week for this leading boatbuilder.

These initiatives have not only led to the introduction of the new flagship model, the Palm Beach 107, and the Palm Beach GT50 RS Outboard model, but also reflect how Palm Beach Motor Yachts continuously expands its range based on customer-driven demand. Both new models have moved beyond the design phase and are currently in production, alongside two additional jet drive-powered offerings. These creations stem from loyal owners who truly appreciate the experience of collaborating with Mark Richards—founder, CEO, and Chief Designer—along with the talented team at Palm Beach Motor Yachts.

The newly designed and sold Palm Beach 107 is the epitome of performance, handling, and cutting-edge technology. As the company’s newest flagship, the PB107 sets the benchmark in performance and luxury and embodies the core values that have defined this legendary brand since its inception in 1995. Designed for those who seek excellence, the new PB107 reflects the company’s commitment to innovation and precision.

From its sculptured lines to world-renowned craftsmanship throughout, the new Palm Beach 107 offers an unprecedented level of luxury and scale in the Down East class. Owners will experience superior handling, efficient performance, and advanced technology that delivers a smooth, intuitive command at any speed. A select few will realize that the PB107 isn’t just a yacht—it’s a statement.

“Like most new product development, an individual customer’s vision and desire for adventure are at the heart of our new models,” says Mark Richards. “This is what I love to do, and this is how our manufacturing process and structure are set up—to build next-level, highly innovative customized yachts within a state-of-the art facility that allows us to exceed our client’s standards. It’s that simple.”

All Palm Beach Motor Yacht models are not only focused on delivering a luxurious, best-in-class experience, but Mark Richards and the team at Palm Beach Motor Yachts are hyper-focused on performance, fuel efficiency, and a superior ride. The new Palm Beach 107, Palm Beach 50 Jet Drive, and Palm Beach GT50 RS Outboard model are no exception. Richards’ experience as an ocean-racing champion and shipwright led him to develop the V-Warp® Technology, the proprietary hull design and construction technique that has been employed to incredible success on all Palm Beach Motor Yachts.

This game-changing technology is a combination of hull form, exotic construction materials, and the build process itself. Trademarks of a V-Warp® Technology hull includes a fine entry, a graceful curvature amidships, and minimal deadrise at the transom. The Palm Beach Motor Yachts’ V-Warp® Technology hull is built and infused with a perfect resin to E-Glass unidirectional and multi-axial fibre ratio, resulting in a strong, fast, and efficient hull form. The hull is then fused directly to the carbon fibre structure, bulkheads, deck, and superstructure of the vessel. This all contributes to significantly superior fuel efficiency and class-leading performance.

This proprietary technology helps deliver unrivaled performance and efficiencies throughout the speed curve. Twin Volvo Penta IPS 40s, powered by two sets of twin 1,000-hp Volvo Penta D13 diesel engines coupled to each pod drive; totaling 4,000 hp available horsepower through the two drives. This solution delivers an incredibly efficient and innovative propulsion solution for a large yacht. The integrated IPS system allows for precise handling and effortless maneuverability, even in tight spaces, making it ideal for larger vessels.

With optimized thrust and reduced drag, the twin Volvo IPS 40s will ensure maximum power with minimal fuel consumption, offering a more sustainable cruising experience on the PB107. It’s a cutting-edge solution that combines power, efficiency, and environmental responsibility.

This focus on performance and technology are also the principal drivers in the new Palm Beach Motor Yachts Jet Drive and Outboard RS series. “This is an area where we refuse to compromise,” says Mark Richards.

“There is a trend to pump as much interior volume into boats today at the expense of seaworthiness and performance. With the GT60 Jet Drive, we’ve kept the engines amidships, where they belong to maximize the ride, and they are coupled to the Jets with carbon fiber shafts. The weight distribution is precise.” The first Palm Beach GT60 Jet Drive is sold to a longtime client of the company who had specific requirements for his new yacht, used primarily in Down East Maine where navigating through a sea of lobster traps is an everyday occurrence. For propulsion, the company specified twin 1,000-horsepower Volvo Penta D13 diesels driving Hamilton HJ403 waterjets.

This package offers a high-performance propulsion system that is ideally suited for the GT60 to deliver exceptional power and maneuverability with Hamilton’s AVX controls. Clients will appreciate the HJ403’s smooth, rapid acceleration and top-end speed, all while reducing drag and fuel consumption—key to the company’s overall design philosophy. The jet package’s minimal draft also allows for safe navigation in shallow waters, expanding cruising options and enhancing versatility.

In fact, the need for shallow-water navigation was the key driver for the introduction of jets on the Palm Beach 50 Sedan.

“We had an Australian client based in Noosa [Queensland], which is a stunning cruising area, but the entrance can shoal up,” says Mark Richards. “The jets reduce the draft to less than a meter and deliver this customer the ideal solution for how they boat.”

And while one owner was focused on reducing their draft, the other was fueled by a desire for speed, speed, and more speed. Palm Beach Motor Yachts is building the first Palm Beach GT 50RS outboard-powered model for a highly knowledgeable yachtsman who is a current Palm Beach Motor Yacht owner. With offices in both Connecticut and New York City, he was fueled by a desire to commute in style and make the often-arduous slog to the office a lot more fun.

Quad outboards are projected to propel the GT 50RS to a lightning-fast top speed. Owners also have a choice of triples from several outboard engine companies.

With the introduction of jet and outboard propulsion, Palm Beach Motor Yachts is uniquely positioned to now offer straight shafts, IPS pods, jet drives, and outboard propulsion— designed to be built using Palm Beach Motor Yachts’ proprietary V-Warp® Technology. As a testament to the superiority of the V-Warp® Technology hull design, no running surface modification is necessary to accommodate one propulsion package over another. The design principles remain fully intact no matter what option is selected.

When a buyer purchases a luxury yacht directly from an award-winning boatbuilder such as Palm Beach Motor Yachts, they gain this access to a personalized experience that production manufacturers simply can’t match. Working closely with the builder ensures every detail of their yacht reflects their vision, from bespoke design features to custom finishes. This collaboration between the builder and the client represented by new models such as the PB107, GT60 Jet Drive, PB50 Jet Drive, and GT50 RS, reminds the company’s clients they are not just buying a model off a production line; they’re creating a one-of-a-kind yacht tailored to their lifestyle, with superior quality, performance, technology and unrivaled fuel efficiency.

Palm Beach Motor Yachts

PALM BEACH 107 MODEL

Palm Beach Motor Yachts

GT60 JET DRIVE MODEL

Palm Beach Motor Yachts

GT50 RS OUTBOARD MODEL

Palm Beach Motor Yachts

PB50 JET DRIVE MODEL

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WHAT OWNERS SAY ABOUT PALM BEACH MOTOR YACHTS

PB65 “TRIPLE TREAT”

“I was very impressed with the first boat I bought, a PB50. It was a great boat but more-so, it was Mark’s commitment to quality... getting things right. He is a perfectionist. His whole approach to building a boat… we both come from sailing backgrounds - he likes to build them light and fast and strong. His attitude is ’Near enough is not good enough!’”

STEPHEN AINSWORTH, PB65 “TRIPLE TREAT”

PALM BEACH 45, “LE REVE”

“My relationship with Palm Beach has been excellent since first meeting. My PB45 has classic good looks and is a “head turner” in every harbor, but more importantly it has excellent build quality and all onboard systems, including power and electronics, work flawlessly. And the performance, ride, and handling of my PB45 in any seaway are second to none. There’s always been full access to the entire Palm Beach team, including the president, Mark Richards. Buying my PB45, Le Reve, is one of the better decisions I’ve made in my life.”

DAVE SPALDING, PALM BEACH 45, “LE REVE”

PB65 “RENA G”

“They’re big, fast, with superior sea handling. I’ve been in 7m (23’) swells behind us with a 2m (7’) chop on top, and on the beam coming from the left-hand side was about a 100 Km/h (54 knots) wind. And not once did any of the waves break over the bow...the bow always came up, which is testimony to how light and strong the boat is. It’s just an incredible sea-handling boat!”

ANDY GREIG, PB65 “RENA G”

PB52, “SOUTHERN DRAW”

“Our experience from the outset of introduction to the team, all the way through the sales process, delivery, and now follow up service has been extraordinary. We have built and owned many yachts, and the response that we have received from Grand Banks/Palm Beach has been truly exceptional. Every detail is addressed, which very obviously filters all the way through the organization. A true first class operation.”

BRIAN DARNELL, PB52, “SOUTHERN DRAW”

PALM BEACH 45, “BLACKSWAN”

“It was love at first sight when we first saw a PB45 at a Florida boat show. Now a few years on, our PB45 BlackSwan looks brand-new, performs flawlessly and easily handles even the heaviest seas. Of course it is still a head turner. The ownership experience has been outstanding with the people of Palm Beach Yachts going the extra mile to ensure it remains so.”

DAVID CLARKE, PALM BEACH 45, “BLACKSWAN”