This is one of those questions that has no one right answer. By any rational analysis, this boat has a negative value, by which I mean, If you start with the absolute maximum that you could ever sell the boat for, and add up the all of the costs that would be required to bring the boat to a condition and level of equipage that would be necessary for it to sell at that price, you will end up having invested several times what the boat could ever sell for.
But the one thing about a boat like the Seawind (and I assume this is a mark 1 and not a mark II) is that these were simple boats and if kept simple represent a wholesome (albeit slow and cramped) design that would make a reasonable distance cruiser once restored to a structurally sound and reliable condition and as compared to other choices that are out there for $10,000, this represents a good model to start from if your goal really is to go offshore cruising in a small single-hander. In that regard, as long as you reined in the tendancy to try to bring this boat up to modern standards it would be a reasonable candidate for this kind of restoration effort.
So in the end, the key issue in making this decision is a clear understanding of your long term goals and your skills in putting a boat like this back together. If you goal is predominantly coastal cruising, or your goal is a comfortable live aboard, this is the wrong boat. But if you goal is to cross oceans and do so simply, then despite the cost, this may be the right boat for your needs.
In any case, at $10,000 a few thousand dollar difference in the price, one way or another should not be the deciding factor, given that you will probably spend $30-40,000 getting this boat into sound and reliable condition to go voyaging.
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Curmudgeon at Large- and rhinestone in the rough, sailing my Farr 11.6 on the Chesapeake Bay and part-time purveyor of marine supplies
Last edited by Jeff_H; 01-24-2010 at 02:41 PM.