Under a sullen sky, Donna Blair, 54, dabbed tears and watched her $6.8 million vacation condo slip into the sea. Not that she was upset. "It's amazing," she said, a glass of champagne in her hand. "It's different from any of the other homes we own, that's for sure!" Donna and husband Jim, 56, had come from San Jose, Calif., to Landskrona, Sweden, to watch The World of ResidenSea, the world's first luxury condominium cruise ship, sail for Norway, where it would be painted and outfitted with a shipbuilder's equivalent of a Barguzin sable coat.
As an investment, the ship is...
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