In Marina di Carrara, a small Italian town on the Tuscan coast, one of the world’s biggest, newest and most expensive superyachts — called the Scheherazade — is under scrutiny by the Italian police. Almost as long as a U.S. guided-missile destroyer, it dominates the waterfront.

The yacht, estimated by the website SuperYachtFan to cost about $700 million, has two helicopter decks and is studded with satellite domes. Inside, photos supplied by a former crew member show, is a swimming pool with a retractable cover that converts to a dance floor. Then there’s the fully equipped gym and the gold-plated fixtures in the bathrooms.

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