FYI Yachts · Yacht for Sale

2004 Formula 37 Performance Cruiser

38 ft · Shelter Island, NY

$100,000

FYI Yachts is pleased to assist you in the purchase of this vessel. This boat is centrally listed by SI Yachts – Montauk Office.

2004 Formula 37 Performance Cruiser docked on a sunny day, showcasing sleek design.

Description

Power & Mechanical — The Headline

  • Both engines rebuilt, winter 2024/25 — you begin ownership with fresh power, not a question mark.
  • New exhaust risers and manifolds installed at the same time — the classic big-block-gas wear items, already addressed.
  • Twin MerCruiser 496 MAG (8.1L), 375 hp each on Bravo III drives — torquey, proven, and ideally suited to a cruiser of this weight.
  • Kohler 7.3 kW generator with just 78 hours — effectively like-new.
  • Complete service records available for review.
  • Low hours since the 2024/25 rebuild, with a clean engine room that backs up the maintenance story at a glance.

The 496 is a beloved powerplant in this hull — strong off the holeshot, relaxed at cruise, and easy to live with. With both engines freshly rebuilt and the exhaust renewed, the heavy mechanical lifting is done and documented.

Provenance & Care — Condition Like This Is Rare

  • Two-owner boat, purchased by the current owner directly from the original owner in 2018.
  • Originally a freshwater boat — no early saltwater life, the single biggest factor in long-term hull, hardware, and engine health.
  • Lift-kept in a boatshed every summer during her freshwater years — no bottom growth, no blistering, no standing in the water.
  • Stored indoors every winter since new — and still is today — no weather, no UV, no freeze cycles.
  • Lightly used in saltwater under current ownership, always conscientiously maintained.
  • Meticulously maintained and extremely clean throughout, with service records available.

Specifications

Overview

Asking Price
$100,000
Year
2004
Make
Formula
Model
37 Performance Cruiser
Condition
Used
Type
Cruisers, Motor Yachts
Hull Material
Fiberglass
Location
Shelter Island, NYApproximate 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)
Dry Weight
16,500 lb (7,484 kg)

Engines & Propulsion

Number of Engines
2
Total Power
750 hp
Fuel Type
Unleaded
Drive Type
Stern
Engines
2× Mercruiser 496 MAG 8.1L · 375 hp each · Inboard · Stern

Tankage

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

Accommodations

Heads
1

Full Details

Helm & Electronics

  • Full burl-wood dash with the signature Formula wheel and complete analog instrumentation
  • Updated dual-screen Raymarine multifunction displays (GPS/chartplotter + radar)
  • Raymarine radar (radome) on the arch
  • VHF, compass, trim tabs, and Bravo III drive trim at the helm
  • Lewmar bow thruster for easy, confident close-quarters handling
  • Electric anchor windlass
  • Halon / fire-suppression system

On Deck

Built to entertain and to cruise. Highlights include the sport/radar arch with a full camper-canvas enclosure (in good condition) that turns the cockpit into all-weather living space, a walk-through windshield to the bow, and the integrated full-beam swim platform with non-skid. Deep navy painted hullsides over a crisp white bottom give her a look that turns heads at the dock and on the mooring.

Below Deck

  • Forward master stateroom with double berth, hanging lockers, and privacy curtain
  • Convertible aft cabin (settee/double berth) aft of the salon
  • Salon with curved UltraLeather seating and convertible dining table
  • Full galley in high-gloss cherry: solid-surface countertop, stainless sink, ceramic two-burner cooktop, microwave, refrigerator, and flat-screen TV
  • Private head compartment with shower
  • Reverse-cycle air conditioning and heat for comfort in any season
  • Seaward 11-gallon hot water heater, shore power, Kohler 7.3 kW generator (78 hrs), and the dovetailed, high-gloss joinery Formula is known for

Recent Investments & Updates

  • Both engines rebuilt — winter 2024/25
  • New exhaust risers and manifolds — winter 2024/25
  • Kohler 7.3 kW generator — only 78 hours
  • Updated dual-screen Raymarine MFDs
  • Reverse-cycle A/C and heat
  • Lewmar bow thruster and windlass
  • Complete service records available

Why the Formula 37 PC

Formula has spent decades earning a reputation for build quality, resale strength, and factory support that owners rave about long after the sale. The 37 PC pairs that pedigree with genuine performance and an interior that punches well above a 37-footer’s weight. A documented two-owner history, freshwater origins, summers on a lift, indoor winters, and both engines freshly rebuilt — boats this clean and this well-sorted do not come along often, and they do not stay on the market long.

Photos (36)

  • 2004 Formula 37 Performance Cruiser docked in a serene marina setting.
  • 2004 Formula 37 Performance Cruiser docked in a serene marina setting.
  • 2004 Formula 37 Performance Cruiser docked in a sunny marina setting.
  • 2004 Formula 37 Performance Cruiser docked in Southampton, NY marina.
  • 2004 Formula 37 Performance Cruiser docked in sunny marina, featuring covered cockpit.
  • Interior of a 2004 Formula 37 Performance Cruiser with white seating and a small table.
  • 2004 Formula 37 Performance Cruiser interior with white seating and table.
  • 2004 Formula 37 Performance Cruiser interior with white seating and modern dashboard.
  • 2004 Formula 37 Performance Cruiser interior with white seating and table.
  • 2004 Formula 37 Performance Cruiser interior with seating and storage, featuring sleek design elements.
  • Compact refrigerator on a 2004 Formula 37 Performance Cruiser yacht, featuring sleek white design.
  • 2004 Formula 37 Performance Cruiser interior with sleek white seating and modern design.
  • 2004 Formula 37 Performance Cruiser interior with helm, seating, and dashboard at marina.
  • Cockpit of 2004 Formula 37 Performance Cruiser with steering wheel and navigation instruments.
  • Cockpit of 2004 Formula 37 Performance Cruiser with Raymarine navigation system and wood-accented dashboard.
  • Interior of a 2004 Formula 37 Performance Cruiser with plush seating and modern amenities.
  • Luxurious interior of a 2004 Formula 37 Performance Cruiser with plush seating and modern amenities.
  • Luxurious beige leather seating in a 2004 Formula 37 Performance Cruiser cabin.
  • 2004 Formula 37 Performance Cruiser kitchen with wood cabinets, sink, stove, and microwave.
  • Open refrigerator in 2004 Formula 37 Performance Cruiser, containing Diet Coke cans.
  • Built-in fridge in 2004 Formula 37 Performance Cruiser yacht interior.
  • Ceramic cooktop on 2004 Formula 37 Performance Cruiser, featuring two burners and sleek design.
  • Built-in microwave in 2004 Formula 37 Performance Cruiser kitchen area.
  • Flat-screen TV in 2004 Formula 37 Performance Cruiser interior, with fan and storage below.
  • Interior of 2004 Formula 37 Performance Cruiser with beige seating and decorative pillows.
  • Cozy cabin interior of 2004 Formula 37 Performance Cruiser with nautical-themed bedding.
  • Cozy cabin bedroom in 2004 Formula 37 Performance Cruiser with nautical-themed decor.
  • Luxurious cabin interior of 2004 Formula 37 Performance Cruiser with cozy bedding.
  • 2004 Formula 37 Performance Cruiser bathroom with shower, toilet, and sink.
  • 2004 Formula 37 Performance Cruiser bathroom with sink, toilet, and porthole window.
  • Twin MerCruiser engines in a 2004 Formula 37 Performance Cruiser engine room.
  • Control panel of a 2004 Formula 37 Performance Cruiser with hour meter and circuit breaker.
  • Engine compartment of a 2004 Formula 37 Performance Cruiser with Kohler power system.
  • Cockpit of 2004 Formula 37 Performance Cruiser with modern controls and steering wheel.
  • Electrical control panel on a 2004 Formula 37 Performance Cruiser boat.

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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.