FYI Yachts · Yacht for Sale

2004 Formula 37 Performance Cruiser “The G Spot” Handyman Special

38 ft · Fort Lauderdale, FL

$48,900

FYI Yachts is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Marine Pointe.

2004 Formula 37 Performance Cruiser – photo 1

Description

2004 Formula 37 PC | Big Block Power & Major Drive Overhaul

This Formula 37 PC is an exceptional opportunity for a boater looking for the tested and proven performance of a Formula with the comforts of a cruiser. While she is a 22-year-old vessel, the current owner has already updated many of the most expensive systems and completing a major drive service for her next owner.

Major Mechanical & Drive Updates

Outdrive Overhaul: The drive systems have just received significant investment. The port side drive has been fully rebuilt and includes a 90-day warranty (from May, 2026) for added peace of mind.

Starboard Drive Service: The starboard drive was pulled and serviced with new bearings and seals.

Drive Finishing: Both drives feature new outdrive paint and fresh zincs, making them service-ready for the season.

Big Block Performance: Powered by Twin Mercury MerCruiser 496 Mag (375 HP each). Both engines have approximately 1,127 original hours; the starboard ECU was replaced by the previous owner and currently reflects 303 hours.

Recent Maintenance: Both engine water pumps have been rebuilt, and all spark plugs have been replaced.

Tech & Systems Highlights

Smart Monitoring: Equipped with Mercruiser VesselView Mobile, allowing you to track all engine telemetry and health directly on your smartphone or tablet.

Air Conditioning:
A new AC system has been installed, keeping the spacious cabin ice-cold even in the peak of the Florida heat.

Windlass: Recently replaced for effortless anchoring.

Electrical Refresh: Updated with new Carling switches at the helm and a full replacement of DC fuses for improved reliability.

Cabin Comforts & Interior Upgrades

The interior retains the classic Formula luxury feel with several modern enhancements:

Upgraded Tech: The cabin features an upgraded flat-screen TV and a new high-efficiency refrigerator.

Spacious Layout: Comfortable accommodations for 4–6 guests with signature Formula high-gloss cabinetry.

Full Head: Large head compartment with a semi-separate shower area.

Broker’s Note

This is a transparent, "honest" 37 PC that offers a massive amount of boat and big-block power for the money. By tackling the expensive "heavy lifting"—including the rebuilt port drive with warranty, the AC, windlass, and water pumps—we have given this boat a reliable backbone.

While she displays some typical cosmetic character expected for her age, this vessel is priced aggressively and with equity for the new owner in mind. Which makes this a fantastic value for a buyer who wants a high-end Formula hull with many systems already modernized. And with a sale price that provides room for future customizations and upgrades as the new owner see's fit.

Location: Fort Lauderdale, FL

Schedule a private showing today.

Specifications

Overview

Asking Price
$48,900
Year
2004
Make
Formula
Model
37 Performance Cruiser
Designer
Formula
Condition
Used
Type
Cruisers, Sports Cruiser
Hull Material
Fiberglass
Location
Fort Lauderdale, FLApproximate area

Dimensions & Weight

LOA
38.42 ft (11.7 m)
Nominal Length
38 ft (11.6 m)
Beam
12 ft (3.66 m)
Draft
2.92 ft (0.89 m)
Dry Weight
18,000 lb (8,165 kg)

Performance

Cruising Speed
28 kn
Max Speed
41 kn

Engines & Propulsion

Number of Engines
2
Total Power
750 hp
Total Hours
2,254 hrs
Fuel Type
Unleaded
Drive Type
Stern
Engine 1
Mercury MerCruiser 496 Mag · 375 hp · 1,127 hrs · 2004 · Inboard/Outboard · Stern
Engine 2
Mercury MerCruiser 496 Mag · 375 hp · 1,127 hrs · 2004 · Inboard/Outboard

Tankage

Fuel
220 gal (833 L)
Fresh Water
56 gal (212 L)
Holding
56 gal (212 L)

Accommodations

Cabins
1
Heads
1

Photos (46)

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The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.