If you care about the boat, and have the inclination, then restoration of the boat isn't a completely unrealistic idea. It will be a bit expensive, but provided the hull, deck and rig are in good shape, you should have a relatively easy time refitting her. It will take a fair bit of sweat equity and money, but then she'll really be your boat.
If you do decide to refit her, let us know, and we'll give you what advice we can.
I would also highly recommend you file suit against Prince Charming, who sounds like a pretty low bastard.
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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
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Still—DON'T READ THAT POST AGAIN.