Originally Posted by RichH
If you have the skills you can 'restore' a 'beater' into prime condition. Such 'beaters' sometimes can be had for ~$50-60K.
You better want that boat bad to pay 60k for a fixer upper. My guess by the time you replaced the engine and teak deck, and the boat has been on the hard for a year or more, you would have wished you spent the $100k and was out sailing instead.