We just closed on a 1985 Pearson 27 today. 
Here she is:
1985 Pearson 27'
After looking for the past 6 months in an area with relatively few quality boats for sale (central Arkansas), the admiral and I finally pulled the trigger on this one. We looked at the Hunters and Catalinas close to the price range of this one and kept looking back at her and decided she was the one (well, there was a Crealock 34 in the area that left me a littleshort of breath, but we will look at her after the lottery comes in).
We debated about this boat and researched the brief history of the US Yacht/Pearson 27 for a few months before making a decision. I could gather from the googles that the boat was originally a Doug Peterson design that was bought by Pearson. They made it in the 84-85 period before making the next generation Pearson 27 and before shutting their doors for good in the 90s. Since the boat is a 1985 and hull number 24, I am guessing that they didn't make many. Heck, this might have been the last hull, so it is a bit of a rare boat. If there are any other Pearson 27 owners of this brief period out there I would love to hear from you.
Two things beside the rarity of the boat that make this a crazy decision:
1.
We have never sailed. We contracted a sailing bug after a visit to Chicago during the Air and Water Show last summer and seeing all the sailboats on mooring in the Lake Michigan harbors. We were going to spend ~$500 on sailing lessons when we just decided to go ahead and buy a boat. I realize that sailing is a lifelong learning curve, but I also thought that if I can get a PhD in molecular biology I can figure out how to get out of irons, right? Maybe not, but we'll see. I will be looking for tips from all of you in the near future.
2.
The engine wouldn't start. I drove the 1.2 hrs from our house to the marina to take it on a test sail with the broker but the inboard Volvo MD5B would not start. I am an old (42) farm boy with diesel experience and was not too daunted by this. So the broker and I mucked about with bleeding lines for an hour, but we could not get it to fire off. Needless to say, this was a considerable part of the negation afterwards, and it will be my first challenge. Believe me, I did not miss the irony that my first hour on a sailboat was spent trying to fix the engine.
So after some discussion, we bought it for less than the cost of repowering her and we are going to move it to a lake lake 30 min from here next week if the winds and weather are favorable in December.
Let me know what you think and I look forward to sharing our first BFS!!