Designed by Italian naval architect Giancarlo Zema, the Waternest is a 100 square metre buoyant pod that can comfortably house a family of four. It's made almost entirely out of recycled materials, from the repurposed aluminium and laminated reclaimed wood shell to the purpose-built eco-friendly furniture waiting inside.

The Waternest pods have everything on most potential property owners' wish lists: 360-degree water views aside, there's plenty of natural light, two balconies, teak floors, a low-maintenance, weather-proof exterior and an automated alarm system manageable via smartphone. Residents can control the temperature, light, sound and entertainment systems via the one keypad, with power provided by amorphous photovoltaic panels on the roof.

With a hull like a catamaran, the Waternest can be anchored at any quay with a depth of two metres, so you could wake up in Venice one morning and Amsterdam the next. But the craziest thing about the Waternest is that it's actually not unaffordable - the 100 square metre pod costs roughly $1.1 million, which, given the state of the Sydney property market, makes it a steal compared to other waterfront homes. We're just not entirely sure what the Roads & Maritime Services would make of it.

The new houseboat: luxury homes that float

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The new houseboat: luxury homes that float

The new houseboat: luxury homes that float

The new houseboat: luxury homes that float

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The new houseboat: luxury homes that float

The new houseboat: luxury homes that float

The new houseboat: luxury homes that float

Interested? Check out the architect's website: giancarlozema.com.

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