What can I expect to pay for a 44 or 46-foot Kelly Peterson if I do a total refit like the one you've done?
Sue & Larry respond:
When you talk about Peterson 44s and 46s there are really three different boats and three different actual boatyards doing the building. We looked at Kelly Peterson 44s and 46s and Formosa Peterson 46s when we were shopping a year and a half ago. The Peterson 44s and the Formosa Peterson 46s have relatively the same design and layout, with the FP46 being a stretch version of the KP 44. The stretch results in a larger cockpit and a longer waterline. Both of these boats are good solid vessels for cruising and have great sailing characteristics. We saw no appreciable difference in the quality of construction between the two.
We can definitely tell you that our FP46 is a well-built, solid boat, since we've taken every inch of it apart to inspect and have found no surprises. That said, they are both late '70s, early '80s boats, and all will need some refit unless it's already been done. We saw both good and poor examples of both of these boats during our search, and interestingly enough, each seemed to be different from the others we had seen. The lowest priced boats were about $110,000 and the highest we saw was $169,000. If you're willing to do a lot of the work, you should be able to get one for $100,000.
The KP46, built by Queen Long, is a different boat. Although it looks the same on the outside, it has a deeper draft, a wider beam, and a totally different and more modern interior. These have been selling between $180,000 and over $200,000.
Our observation when we were shopping was that the Petersons were selling for a higher price on the West Coast of the US than on the East Coast. Good luck with your boat search and thanks for reading