FYI Yachts · Yacht for Sale

2003 Formula 40 Performance Cruiser “WINE DOWN” Priced to sell

43 ft · Cypress Bay, TX

$129,000

FYI Yachts is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Yachts360.

2003 Formula 40 Performance Cruiser docked by palm trees, blue sky background.

Description

"Wine Down"

This 2003 Formula 40 PC pairs the offshore performance and build quality that define Formula's Performance Cruiser series with a documented history of mechanical care.

Twin Yanmar 6LY2A-STP 440 HP diesels — just over 1,000 hours — deliver strong, efficient cruising, with a comfortable cruise in the mid-20-knot range and a top end near 29 knots.

The current owners have invested steadily in the systems that matter most. A brand-new air conditioning system was installed in May 2026 — a meaningful upgrade for Gulf Coast summers. Both engine oil coolers were replaced in 2018, the raw-water pumps have been renewed, the starboard turbocharger was replaced in 2023, and the starboard main heat exchanger was professionally removed and cleaned. The 5.0 kW Westerbeke generator received a new generator end in 2021. The bottom was done in 2023, and a factory Formula cover was purchased new the same year.

On deck, a hydraulic swim platform makes water access and boarding effortless, and a bow thruster takes the stress out of tight-slip and cross-wind docking.

The cockpit offers U-shaped seating with a removable table, a wet bar with sink and ice maker, and a painted aluminum radar arch with bimini top. The helm seats captain and guests behind a three-sided Taylor-made stainless windshield with an opening center section to walk to the bow safely.

Below decks she offers an open floor plan, one-head layout: a forward master with queen berth, an mid cabin that converts to a double, a full-beam salon with convertible dinette, and a galley finished with Corian-style counters, a ceramic cooktop, microwave, and refrigerator/freezer. Blue LED accent lighting sets the mood. The interior wall coverings are ready for refresh — an easy opportunity for the next owner to make the cabin their own.

Repainted in her distinctive Bahama Blue, this Formula 40 PC is a striking, capable Gulf Coast cruiser with the major mechanical updates already handled.

Updated photos and videos soon.

Specifications

Overview

Asking Price
$129,000
Year
2003
Make
Formula
Model
40 Performance Cruiser
Builder
FORMULA YACHTS
Designer
FORMULA YACHTS
Condition
Used
Type
Express Cruiser, Cuddy Cabin, Cruisers
Hull Material
Fiberglass
Tax Status
Not Applicable
Location
Cypress Bay, TXApproximate area

Dimensions & Weight

LOA
42.58 ft (13 m)
Nominal Length
42 ft (12.8 m)
Beam
12.67 ft (3.86 m)
Draft
Drive up 2.92 ft (0.89 m)
Bridge Clearance
11.58 ft (3.53 m)
Dry Weight
19,304 lb (8,756 kg)

Performance

Cruising Speed
22 kn

Engines & Propulsion

Number of Engines
2
Total Power
880 hp
Total Hours
2,200 hrs
Fuel Type
Diesel
Drive Type
V
Engines
2× YANMAR 6LY2A-STP · 440 hp each · 1,100 hrs · 2003 · Inboard · V

Tankage

Fuel
250 gal (946 L) · 1 tank
Fresh Water
55 gal (208 L) · 1 tank
Holding
57 gal (216 L) · 1 tank

Accommodations

Cabins
2
Heads
1

Equipment & Systems

Windlass
Electric
Electrical
110 V

Full Details

Mechanical Disclaimer

Engine and generator hours are as of the date of the original listing and are a representation of what the listing broker is told by the owner and/or actual reading of the engine hour meters. The broker cannot guarantee the true hours. It is the responsibility of the purchaser and/or his agent to verify engine hours, warranties implied or otherwise and major overhauls as well as all other representations noted on the listing brochure.

Photos (13)

  • 2003 Formula 40 Performance Cruiser in dry dock, blue hull, overcast sky.
  • 2003 Formula 40 Performance Cruiser illuminated with blue lights at night, docked in Kemah, TX.
  • Luxurious interior of 2003 Formula 40 Performance Cruiser with beige seating and decorative pillows.
  • 2003 Formula 40 Performance Cruiser bathroom with sink and toilet.
  • Bathroom interior of 2003 Formula 40 Performance Cruiser with sink and mirror.
  • Interior of 2003 Formula 40 Performance Cruiser with kitchenette and cozy cabin space.
  • Bathroom interior of a 2003 Formula 40 Performance Cruiser, featuring sink and toilet.
  • Shower area in 2003 Formula 40 Performance Cruiser yacht bathroom.
  • 2003 Formula 40 Performance Cruiser kitchen with modern appliances and wooden cabinetry.
  • Luxurious interior of a 2003 Formula 40 Performance Cruiser with cozy seating and elegant decor.
  • Luxurious interior of a 2003 Formula 40 Performance Cruiser with plush seating and decorative pillows.
  • Interior of a 2003 Formula 40 Performance Cruiser with cozy seating and elegant dining setup.

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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.