For boaters who can't decide whether they'd prefer a casual cruise or a dive to the depths of the ocean to avoid inclement weather, the new design for a 377-foot yacht called the Migaloo combines the best of both worlds.

The design comes from Austrian yacht studiomotion code: blue. The studio has previously worked on yachts and super yachts in Asia, Europe and the U.S.

"In our minds as designers, the concept was to submerge to travel or stay in privacy or to travel submerged and safe in bad weather conditions, where "normal" boats can't leave theharbour," said motion code: blue managing director ChristianGumpoldin an interview with weather.com.

Gumpold added the studio's research has shown them that their target customers are less concerned with speed and more interested in traveling luxury living spaces.

The superyacht, named after an albino humpback whale, doubles as a submarine that can be submersed up to 240 meters (787 feet). It includes six decks, a helicopter pad, a pool, a cinema room, and multiple VIP suites. According to Superyacht World, a magazine for luxury yacht owners, the plans for the submarine-yacht also call for pressure-proof glass and lighting that will make underwater travel even more spectacular.

Much of the vessel's design is based on existing submarines, with the addition of a customizable interior and a custom tower design that features a large saloon. "Communication and especially navigation is provided by common and well tested technologies," according to the Daily Mail.

According to Business Insider, there's no price tag for the Migaloo yet, but it's expected to be a multi-million dollar vessel.

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An image from Viennese artist Andreas Franke's underwater art gallery on the USS Mohawk near Sanibel Island, Fla. (Andreas Franke)