This 364-foot superyacht includes a fire-pit, 'floating' elevator, and waterfall on board

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Andy Waugh

Made out of steel and carbon, Ascendance has a sleek, lightweight design.

The British yacht designer Andy Waugh is known for creating extravagant superyachts with dive rooms, private cinemas, and multiple swimming pools.

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His latest concept is just as ambitious: a 364-foot superyacht that includes a retractable helipad, waterfall, and "floating" elevator with a wrap-around staircase.

Ascendance - which will be presented at the 2016 Monaco Yacht Show - also incorporates energy-reducing features.

Designed with the German manufacturer Nobiskrug Superyachts, the exterior will be manufactured out of lightweight carbon and steel. The ship would also be fuelled by a hybrid, bio-diesel/electric power system to decrease vibration and noise levels.

Meanwhile, the interior of the yacht - designed with the European firm Motor Yacht Design Company - is all about openness, with plenty of lounge space on each deck, as well as outward-facing glass features to optimise ocean views.

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Here's what it would look like if it were built: