M/Y Leonardo III (ex-Waterlily) is the sistership of M/Y Baca. The vessel can accommodate 10 guests in 3 double, 2 twin and 2 convertible staterooms. She has a crew of 9. With a width of 9 metres (29.5 ft) Waterlily has fairly large internal space. Driven by twin Caterpillar 3508B diesels and STP 440 Schottel systems with double fixed propellors, the range at 12 knots cruising speed is 3.200nm.

After formal launch in 2009 in Aarhus she was handed over to the happy owner after sea trials.