Wouldn't it be wonderful to retire on a cruiseship while still owning your home?

Miami-based Cruise Retirement will soon make this a possibility with a vessel that will let retirees spend their golden years on the high seas in on-board residences that they own.

The company is turning the 937-berth Enchanted Capri (built 1975), according to Clarksons, into a "floating retirement home."

A call to the company, which is doing the refit in the Bahamas, was not immediately returned.

Passengers will live on the ship year-round as homeowners of 250 residences while paying a monthly fee for the ship's included services such as dining, housekeeping and maintenance.

The homes on the ocean will be kept at 80% capacity to make room for residents' visitors, who will pay standard cruise rates for meals, board and other expenses, according to a 16-page brochure.

The informational guide mentions travel destinations such as the Bahamas, Belize, Fiji, Mauritus and the Maldives.

Features of the home, targeted at those 50 and older, will include staffed medical facilities, a casino, beauty salon, several bars, shops and netted golf area.

The ship, set to hit the water in less than 11 months with a crew of more than 200, will also have a chapel, massage parlor, buffet and fine dining eateries and a pharmacy.

Mexican offshore company Demar Instaladora previously owned the vessel for a decade as an offshore accommodation.

The ship was once a ferry for defunct Commodore Cruise Lines after life as a Soviet cruise ship.