Atlantide was launched in 1930 as Caleta, for Sir William Burton who was the helmsman aboard Shamrock IV, the J-Class challenger to the America’s Cup. She was designed by the gifted naval architect Alfred Mylne, designer of the Royal Yacht, Britannia and built by Philip and Sons of Dartmouth, UK. Under Burton’s ownership, Atlantide was tender to his William Fife designed 12-Meter Iyruna (built 1927), Alfred Mylne designed 12-Meter Marina (built 1934) and Jenetta, another Mylne design 12-Meter (built 1939).  For a decade Atlantide followed the racing fleet around the coast of England serving as Burton's summer floating home and tender to his racing yachts.

After WWII she was purchased by Pandelis B Pandelis, a Greek shipping magnate who renamed her Ariane.  Pandelis commissioned a two-year total restoration (1946-1948) in Thornycroft Shipbuilding Company’s Woolston Yard in Southampton.  Her new homeport was Cannes.  She was subsequently purchased by Maldwin Drummond and renamed Corisande, with Antibes as her homeport. In the late 1980’s she was sold to Italian Count Nicolo delle Rose, who brought her the name Atlantide and moved her homeport to Monaco.

In 1998, Atlantide was purchased by Thomas Perkins, a who applied his substantial genius (and fortune) to a comprehensive rebuilding and refit of the yacht, which at $18-20M, is reputed to have been the most expensive refit per meter ever undertaken. Her hull was fully reconstructed and replated true to her original Mylne lines, at the Manoel Island Shipyard in Malta. Her superstructure and interior were designed by Ken Freivokh and fully rebuilt by Camper & Nicholson to dazzling standards.  Perkins returned Atlantide to her celebrated role as a yacht tender to the legendary Herreshoff schooner, Mariette of 1915 and the subsequent engineering marvel, Maltese Falcon.