FYI Yachts · Yacht for Sale

2005 Formula 37 Performance Cruiser

38 ft · Holmes Beach, FL

$85,000

FYI Yachts is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Florida Yacht Sales.

2005 Formula 37 Performance Cruiser on lift by waterfront dock, under clear blue sky.

Description

** Formula Performance Cruiser with recent seller investments — priced to move!! **

♦ Twin Volvo Penta 8.1 GI‑EF ♦

♦ 516 HRS ♦

** RECENT ENGINE SERVICE COMPLETED 8/10/2026 **

• new OEM exhaust manifolds and risers on both Volvo Penta 8.1L engines

• new hoses

• thermostats

• new starboard water pump

• newly installed engine flush ports

- Upgrades & Service -

• Replaced port & starboard shift cables

• Full engine oil & filter service (both motors, Volvo Penta full synthetic)

• Installed high‑capacity spin‑on fuel filters (both engines)

• Replaced all spark plugs and plug wires

• Generator service: oil & filter (OEM 300‑hour

• Flushed both engine heat exchangers with descaler

• Diagnosed and addressed minor power steering leak

• Removed steering actuator and professionally rebuilt with a 2‑year warranty

• Replaced high‑pressure fuel pump on port engine (OEM)

• Replaced port exhaust riser sleeve and exhaust temperature senso

• Upgraded cockpit cover slides and resealed with 3M 4000 UV marine sealant

• Replaced two 6x9 cockpit speakers

• Installed two new Interstate 31MXHD batteries

This 2005 Formula 37 Performance Cruiser delivers the ride quality, craftsmanship, and offshore confidence Formula is known for, paired with a long list of fresh mechanical updates completed within the last few months. If you’ve been searching for a clean, mechanically sound express cruiser that hasn’t been neglected, this one stands out immediately.

The 37 PC is one of Formula’s most successful designs — a deep‑V hull that handles with ease, a wide 12' beam for stability, and a luxury cabin finished in high‑gloss cherry with 6’7” of headroom. The cockpit is built for entertaining with wraparound seating, a wet bar, and a large swim platform, while the cabin comfortably sleeps four with a forward island berth and convertible mid‑cabin lounge.

What truly sets this boat apart is the extensive recent service performed by the current owner. Major systems have been addressed: shift cables, ignition components, fuel system upgrades, generator service, heat exchanger flushes, steering actuator rebuild (with warranty), new batteries, new cockpit speakers, and more. This is the kind of proactive maintenance buyers hope for but rarely find — especially at this price point.

Whether you’re cruising the ICW, running to the islands, lakes or spending weekends aboard, this Formula offers the perfect blend of performance, comfort, and reliability. Located in Holmes Beach and recent price increase aggressively at $85,000, she represents one of the strongest values on the market for a 37 PC.

Specifications

Overview

Asking Price
$85,000
Year
2005
Make
Formula
Model
37 Performance Cruiser
Condition
Used
Type
Cruisers, Motor Yachts
Hull Material
Fiberglass
Location
Holmes Beach, FLApproximate area

Dimensions & Weight

LOA
38.42 ft (11.7 m)
Nominal Length
37 ft (11.3 m)
Beam
12 ft (3.66 m)
Draft
2.5 ft (0.76 m)
Bridge Clearance
11.58 ft (3.53 m)
Cabin Headroom
6.58 ft (2.01 m)
Deadrise
18°
Dry Weight
16,500 lb (7,484 kg)

Engines & Propulsion

Number of Engines
2
Total Power
750 hp
Total Hours
1,026 hrs
Fuel Type
Unleaded
Drive Type
Stern
Engines
2× Volvo Twin Volvo Penta 8.1 GI‑EF · 375 hp each · 513 hrs · Stern

Tankage

Fuel
236 gal (893 L) · 1 tank
Fresh Water
55 gal (208 L) · 1 tank
Holding
57 gal (216 L) · 1 tank

Accommodations

Heads
1

Full Details

Engine Notes

Twin Volvo Penta 8.1 GI‑EF 750 HP

Photos (38)

  • 2005 Formula 37 Performance Cruiser on lift by waterfront, clear blue sky.
  • 2005 Formula 37 Performance Cruiser docked at Forked River, NJ, under clear blue skies.
  • 2005 Formula 37 Performance Cruiser docked at Forked River, NJ.
  • 2005 Formula 37 Performance Cruiser docked by waterfront homes, featuring a covered deck.
  • 2005 Formula 37 Performance Cruiser deck with sleek design and sunroof.
  • 2005 Formula 37 Performance Cruiser docked near waterfront homes and palm trees.
  • 2005 Formula 37 Performance Cruiser docked by calm waters.
  • 2005 Formula 37 Performance Cruiser docked by waterfront homes and palm trees.
  • 2005 Formula 37 Performance Cruiser docked by a scenic waterfront with palm trees.
  • Manufacturer Provided Image
  • Interior of a 2005 Formula 37 Performance Cruiser with bed, kitchenette, and seating area.
  • Interior of a 2005 Formula 37 Performance Cruiser with cozy bed and kitchenette.
  • 2005 Formula 37 Performance Cruiser interior with kitchenette, TV, and microwave.
  • 2005 Formula 37 Performance Cruiser kitchen with sink, stove, microwave, and TV.
  • Luxurious interior of a 2005 Formula 37 Performance Cruiser with plush seating and elegant table.
  • Interior of 2005 Formula 37 Performance Cruiser with leather seating and wooden table.
  • Interior of 2005 Formula 37 Performance Cruiser with white leather seating and decorative pillows.
  • Interior of 2005 Formula 37 Performance Cruiser with cozy seating and decorative pillows.
  • Electrical panel inside a 2005 Formula 37 Performance Cruiser yacht cabin.
  • 2005 Formula 37 Performance Cruiser bathroom with toilet, sink, and porthole window.
  • Engine compartment of a 2005 Formula 37 Performance Cruiser, showing mechanical components and piping.
  • Engine compartment of a 2005 Formula 37 Performance Cruiser, showcasing dual engines and components.
  • Engine compartment of a 2005 Formula 37 Performance Cruiser, showcasing mechanical components and wiring.
  • Engine compartment of a 2005 Formula 37 Performance Cruiser, showcasing mechanical components.
  • 2005 Formula 37 Performance Cruiser interior with seating and canopy under clear blue sky.
  • Interior of a 2005 Formula 37 Performance Cruiser with sleek dashboard and comfortable seating.
  • Cockpit of 2005 Formula 37 Performance Cruiser with wood accents and modern controls.
  • 2005 Formula 37 Performance Cruiser interior with white seating and table by the water.
  • 2005 Formula 37 Performance Cruiser boat interior with seating and water view.
  • 2005 Formula 37 Performance Cruiser with white seating, docked by a serene waterfront.
  • 2005 Formula 37 Performance Cruiser interior with white seating and table, docked under blue sky.
  • 2005 Formula 37 Performance Cruiser docked in Forked River, NJ, with open storage compartment.
  • 2005 Formula 37 Performance Cruiser docked at Forked River, NJ, under clear skies.
  • Twin propellers of a 2005 Formula 37 Performance Cruiser above water.
  • 2005 Formula 37 Performance Cruiser on lift by waterfront dock.
  • 2005 Formula 37 Performance Cruiser docked, featuring sleek design and blue accents.
  • 2005 Formula 37 Performance Cruiser docked by waterfront homes under clear blue sky.

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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.