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What's a realistic value for this yacht?

6K views 37 replies 20 participants last post by  mitiempo 
#1 ·
#3 ·
worth only what a buyer would pay for it...to some, with all the work that has been done, and the reputation of the boat...she may be worth the asking price.

The real world competition would show she is worth about 1/2 the asking price at best, to the right buyer.

Would love to see the boat, as she apparently has been redone by an owner who seeks perfection.
 
#4 ·
Thanks,
I have made a couple of offers on the boat and we are close to an agreement. The owner is also including a Caribe hard bottom dinghy that has a Yahama 15hp outboard. The only issue is the finances. I can't pay cash for the boat and bank financing is not very favorable for older boats like this.
 
#5 ·
I would point out that upgrades completed over a 10 year period are probably due for a revisit. A boat is only worth what a person is willing to pay for it. I am no expert on particular makes of boats etc, but given the age of the vessel, the equipment and if the actual condition of the boat is advertised, if the sails are in good shape and the enginehas been well maintained I would offer $125-135k for it but would not pay more. I am by no means a cut rate shopper either, just know that well found yachts of that vintage, similar build quality and in similar shape are going from $95k to $185k or so.This one seems to be somewhere in the middle, thus the pricing.

Edited to add: Just saw it was repowered so that would up my personal valuation by 5k, so 140k.

Good luck!
 
#11 ·
I'm not a "bluewater" guy, but I don't see anything there that looks ancient or unusable. Hell, they introduce so many new electronics all the time, it's hard to keep up anyway. I was reviewing an electronics "wish list" I made up 1 1/2 years ago (waiting for money) and half the stuff I wanted is obsolete already.:mad: Just check out their condition and you should be fine. FWIW, I'm about to install a Tank Tender, so I know that's current.

Mike
 
#16 ·
She is a beauty and well equiped.

I am curious, are you planning to keep her on Lake Lanier or move her to the coast.

I live minutes from the lake, but keep my boat at Hilton Head Island.

Good luck!
Thanks,
I am planning on keeping her on Lanier for a year or two, then moving her to the coast. Hilton Head, Savannah, Charleston, St Mary's?
 
#21 ·
Replacing tanks while not easy would hardly be a deal killer for me. There are bunches of issues that will pop up on a boat of this vintage that will require replacing no matter how well the boat has been cared for. The tanks are on the easier side of things. Trust me on this.

As to electronics, unless they are still under warranty and that warranty transfers, figure on it being nice but it will need to be replaced at some point. If it works for now- great but I wouldn't add anything to the value unless they are under warranty.

In your due diligence, youhave to determine if you absolutely LOVE this boat. I always figure on love of a particular vessel adding 5%-10% on value to an individual. You cannot ignore boat love. ;)

She's a lovely boat, I hope it works out for you.
 
#27 ·
That is a gorgeous vessel and I'd be surprised to find out the tanks are bad just looking at the pics. The PO obviously has had his/her own love affair with her, which usually bodes well for the next in line. Good luck and keep us posted if she becomes yours.
 
#28 ·
No problems with my tanks, touch wood. Of which there is plenty.

I have seen a writeup on replacing them, involving cutting out the floor.

I'd concentrate on what IS wrong, not what COULD go wrong. You might get a discount for the former, the latter I don't think so.

If we were to consider everything that COULD go wrong with a sailboat, that way madness lies.
 
#29 ·
No problems with my tanks, touch wood. Of which there is plenty.

I have seen a writeup on replacing them, involving cutting out the floor.

I'd concentrate on what IS wrong, not what COULD go wrong. You might get a discount for the former, the latter I don't think so.

If we were to consider everything that COULD go wrong with a sailboat, that way madness lies.
Mark,
I totally agree. I would however prefer to know about a potential problem before a purchase rather than after.
 
#30 · (Edited)
I think if I had that kind of scratch to drop on a mid 80's boat I'd be taking a hard look at Nordic 44's.

Edited to add: What about a Saga 43 also? According to what I've read the build quality might not be quite as hight but its certainly a capable "bluewater" boat. Being a much newer boat there would be less age related maintenance.
 
#34 ·
This a suggestion if you wish to pursue this endeavor (I would not). Many aircraft such as Piper use bladder tanks. There are many people listed in Trade A Plane magazine that custom make these bladders. You could cut an access hole and place a bladder inside of the original tank. They last for around fifteen years on average. Could be the way to go.
 
#36 ·
I wouldn't care if the electronics are out of date. If they are functioning, good enough. When something breaks, you can replace then.

I love the boat. New diesel and electrical are huge plusses. Woodwork seems to be in beautiful shape. I bet the rigging and the sails are on par and kept well maintained/replaced.

Financing a boat that is above it's average market value is next to impossible though unless you put in enough down payment to make the difference and some more.
 
#38 ·
Hull speed is not indicative of how a boat sails really. It is generally considered to be 1.34 x square root of the waterline length.

A barge with the same waterline would have the same theoretical hull speed - but it wouldn't sail nearly as well. :D
 
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