ESPINOLA — 114' Codecasa Superyacht for Sale

ESPINOLA is a 1989 Codecasa, built in steel at the Viareggio yard, which has been producing yachts since 1825 and today delivers contemporary flagships like GIOIA. A 34.7-meter (114-foot) steel motor yacht from Codecasa's late-1980s output carries the proportions and build quality that define the yard's classic-era reputation, and this particular example has been kept current through an unusually candid and well-documented maintenance program. Her last two owners have invested more than €1.5 million over the past four years on work that addresses exactly the areas most buyers of vintage steel yachts ask hard questions about.

The centerpiece of that investment is substantial hull plating replacement carried out over the past 24 months. On a steel yacht of this vintage, that is the single most important piece of work a serious owner can commission: done properly, it resets the structural clock by decades, and the willingness to disclose it openly in a listing rather than cosmetically paper over older plate is a meaningful signal about how this boat has been stewarded. The exhaust system has also been replaced, the sundeck has been redesigned, and a range of smaller but substantial improvements have rounded out the program. Dimensions are 34.7m (114') length overall, 23-foot (7m) beam, 8-foot (2.5m) draft, and 212 gross tons of volume spread across four cabins.

At 8 feet of draft and 212 tons, she is a proper displacement or semi-displacement steel cruiser, set up for the kind of Mediterranean and transatlantic programs that Codecasa steel yachts handle by design rather than by compromise. Her current location in San Remo puts her on the Italian Riviera, and the condition reflects the stewardship of owners who intended to keep the boat rather than flip it. For a buyer who understands what a 1989 Italian steel motor yacht actually is and who values a disclosed and recent structural overhaul over the cosmetic-only refits that dominate this vintage segment, this is a genuinely honest proposition.

ESPINOLA is currently located in Italy in San Remo, Liguria.