1986 Formula 24'

7.32 m
$ 15,000 USD
364 Merrimac Street, , 01950USANewburyport MA 01950 USA

1986 Formula

Refit Year: 2018

24' (7.32 m)

If you are looking for a classic, high-performance, powerboat โ€“ youโ€™ve found it!ย  This 1986 Formula 242 LS is a RARE FIND.ย 

Newburyport, Massachusetts, United States
   Vessel ID: 2830893

$ 15,000 USD

$ 21,461 CAD*
โ‚ฌ 13,840 Euros*
ยฃ 11,575 GBP*
*estimated foreign exchange

Description

If you are looking for a classic, high-performance, powerboat โ€“ youโ€™ve found it! This 1986 Formula 242 LS is a RARE FIND. Formulas have earned their reputation for excellence for decades, originating from the highly respected racing stable of Formula Boats, beginning in 1956 with simple runabouts and evolving to more streamlined, smooth-riding, performance-oriented models. 


This Formula 242 is a modern classic that was completely refitted by the current owner from the bottom paint up in 2018. The twin Chevy 350 V8 engines were completely rebuilt from scratch moving the hp from stock 520 to 840 hp with 120 hrs with fresh rebuilt Alph 1 drives. She cruises at 35 mph/2800 rpm and 65 mph/5000+ rpm WOT. She is equipped with a compass, a radio, Bluetooth, and speakers. The open interior has upholstered twin bucket seats, a rear bench seat, a cushioned sun pad aft, a swim platform, and a swim ladder. Below deck, the 8 ft beam makes for a very spacious interior for a high-performance boat of this size. There is a comfortable 2 berth cuddy cabin, perfect for overnights and water-toy storage. The hull was repainted/gelled with all of the detail and is in beautiful shape. A Load Rite dual-axel trailer is included in the sale. 


As the current owner says, โ€œSheโ€™s FAST, FUN & LOUDโ€. So, if you are in the market for a retro head-turner, schedule a showing NOW to take advantage of the 2024 season.


Detailed pics of the rebuild are available upon request.

LOA24'

LOA7.32''

Beam8'

Draft Max Feet2'

Draft Min Feet2'

Fuel Tank (Gallons)60

Fuel Tank (Liters)227.12

TypePower

ConditionUsed

Specifications

HIN/IMO

TNRM5785A686

Power-Used

Year

1986

Refit Year

2018

Cabins

1

Sleeps

2

Maximum Speed

65 MPH

Cruise Speed

35 MPH

Fuel Type

Gas/Petrol

Hull Material

Fiberglass

60 Gallons (227.12 Liters)

Engines

Engine 1

  • Engine Make: Chevy
  • ModelEngine Model: 350 V8
  • YearEngine Year: 2018
  • Engine TypeEngine Type: Inboard
  • Drive TypeDrive Type: Stern
  • Power HPPower HP: 420.00
  • Power KWPower KW: 313.19
  • Feul TypeFeul Type: Gas/Petrol
  • HoursHours: 750.00
  • Engine Quantity1
  • Contact

    For more information about this yacht, please contact Brandon Crigger We look forward to working with you!

    For more information about this yacht, please contact Brandon Crigger. We look forward to working with you!

    For more information about this yacht, please contact Brandon Crigger.

    24ft Formula Yacht For Sale
    Brandon Crigger
    CPYB Yacht Broker

    364 Merrimac Street

    Newburyport MA 01950 USA

    1-734-819-1183