A Super Yacht Armada Came To Miami, Leaving A Marine Graveyard In Its Wake

By Michael Smith

Jun 27, 2026 (Bloomberg) –Not far from the super yachts docked outside the island palaces of Miami’s new billionaire class, smaller boats abandoned by people who couldn’t afford them languish in Biscayne Bay. 

Since October, Miami Beach police have identified and removed about 140 vessels that were left to rot in the tropical heat. More sit half-submerged or anchored across the Bay, near some of the most expensive real estate in America.

“A lot of people buy a boat but don’t realize how much it costs for fuel, maintenance and marina fees,” said Sergeant Javier Fernandez, commander of