05/27/2015 02:51 EDT | Updated 05/27/2015 02:59 EDT

LOOK: Double Century, Soon-To-Be World's Biggest ‘Gigayacht,' On Sale For $950 Million

If you need any further proof the world’s richest just keep getting richer, and make no bones about spending their cash, take a look at what’s happening these days with yachts.

When it was built 12 years ago, the Octopus, a yacht owned by Microsoft co-founder Paul Allen, was the world’s largest, at 414 feet long. A year later, the Rising Sun, owned first by Oracle CEO Larry Ellison and then by music mogul David Geffen, took the crown, at 453 feet long.

And so on and so forth, until we get to today and the Double Century, a new “giga-yacht” under development being marketed by Florida-based 4Yacht. At 656 feet in length, it’s nearly as long as two NFL football fields, and at 88 feet in height, its nine decks make it as tall as a seven- or eight-story building.

It’s so big it will have its own smartphone app, so staff and passengers can keep track of each other.

According to a press release from 4Yacht, the boat (or perhaps we should call it a floating apartment building) has an asking price of 699 million euro, or about $950 million Canadian.

4Yacht says the Double Century, once built, will take the crown of world’s biggest yacht from the current record holder, the Azzam, a 590-foot vessel owned by Sheikh Khalifa bin Zayed al-Nayan, the president of the United Arab Emirates.

Spending nearly a billion dollars on a boat may seem excessive, but it’s slightly (just slightly) less excessive when you consider what you’re getting for the money: Luxurious cabins for 50 guests, including several VIP suites, a theatre/stage for 126 guests, a cinema, and not one but two helicopter landing pads, complete with waiting lounges for departing guests. There’s even hangar space for helicopter storage.

Not to mention a disco, a library with a garden, countless swimming pools, two large Jacuzzis and space for 100 staff.

The boat is still under development, and 4Yacht says many of the features can still be negotiated. But you’ll need to be patient -- the company says any buyer can expect to take delivery of the boat in four years’ time.

“What Double Century needs is someone with vision, someone who wants to give life to an exceptional vessel, make it their own and put a distinctive stamp on the luxury yachting industry,” 4Yacht president Craig Timm said in a statement.

Sure. Or at the very least, someone with $950 million to spend on transportation.

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