A luxury cruise ship will allow residents to permanently live at sea. See inside its 237-square foot studios selling for $1 million.

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• Storylines is building a residential cruise ship that'll indefinitely travel around the world beginning 2025.
• Homes aboard the MV Narrative start at about $1 million for a studio apartment with a Murphy bed.

For a cool $1 million, you can fulfill your dreams of spending life at sea indefinitely.

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Just be prepared to trade in your comfortable multi-room home for a studio condominium so small, you'll have to sleep on a Murphy bed.

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Storylines is now building the 18-deck MV Narrative, the startup's first luxury residential cruise ship that'll indefinitely travel around the world.

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The ship and its 1,000 occupants won't begin this unique lifelong journey until 2025, but the vessel's 547 floating condominiums are already capturing the hearts and wallets of many interested buyers.

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And now, some floor plans are nearly sold out, Katie Drew, Storylines' vice president of marketing, told Insider in August.

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Source: Insider

The 741-foot-long cruise ship is lined with 11 semi-customizable floor plans.

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These residences range from a $1 million 237-square-foot studio home comparable to luxury New York City apartments …

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… to a palatial 1,970-square-foot four-bedroom, two-floor home that'll run buyers $8 million.

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The 237-square-foot home isn't your typical $1.1 million condo.

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You'll still have furniture like storage units, a closet, and a television screen mounted on a swivel arm, according to Storyline's brochure.

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But instead of a bedroom or a divider that separates the living room for the makeshift bedroom space, the studio apartment uses a queen-size Murphy bed …

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... which means the bed can be stored in the wall when it's not in use.

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Remote workers relying on the Narrative's WiFi can either use the ship's workspace or lease its private offices.

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But if they'd rather work from home, there's always the option to use the table and two chairs that sit just across the bed.

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A small bar then separates this general living space from the bathroom.

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While there's no bathtub, the neutral bathroom still has modern furnishings and a bright vanity that could rival a bathroom in a multimillion-dollar on-land condo.

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Paying a million dollars for a tiny studio apartment may come as a shock to current (on-land) homeowners.

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After all, the average $1 million home sits at around 2,624 square feet, according to data from Zillow.

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Source: Zillow

And the studio home's price doesn't even include the monthly "living fees" of around $2,600 per person in a dual occupancy unit, according to the company's brochure.

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Source: Storylines

But aboard the Narrative, this sticker price and monthly fees don't just include a home at sea.

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Because the Narrative is "all-inclusive," this cost will also cover the homeowners' daily food and drinks at the 20 restaurants and bars …

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… onboard medical staff, pools, a marina with water toys …

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… a bowling alley, and a 10,000-square-foot wellness facility, which Storylines says is the largest of its kind at sea, to name a few of the Narrative's glamorous amenities.

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Source: Insider

And throughout the vessel's journey around the world, residents will get to spend several days at international destinations like Istanbul, Turkey, Kotor, Montenegro, and Palermo, Italy.

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So yes, paying $1 million for a tiny home may seem unreasonable.

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But for travelers who'll never get tired of exploring new countries, the ability to circumnavigate the Earth every three-and-a-half years all while living aboard a luxury cruise ship is likely worth every penny.

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