1986 Formula 24' (7.32 m) LS
Newburyport, Massachusetts, United States
If you are looking for a classic, high-performance, retro powerboat – you’ve found it!
- Racing-High Performance
- Power
- Used
- Gas/Petrol
- Fiberglass Hull
- HIN/IMO: TNRM5785A686
$ 15,000 USD
€ 13,647 Euros
$ 20,564 CAD
£ 11,661 GBP
Description
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, “She’s FAST, FUN & LOUD”. 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.
Data Sheet
HIN/IMO: TNRM5785A686
LOA: 24' 5'' (7.44 Meters)
Type: Power- Used
Year: 1986
Beam: 88'
Draft Max: 6' 6''
Draft Min: 2'
Maximum Speed: 65 MPH
Cruise Speed: 35 MPH
Fuel Type: Gas/Petrol
Hull Material: Fiberglass
Fuel Tank: 60 Gallons (227.12 Liters)
Dry Weight: 4200
Engines
Engine 1
- Engine Make: Chevy
- Engine Model: 350 VB
- Engine Year: 2018
- Engine Type: Inboard
- Power HP: 420.00
- Power KW: 313.19
- Fuel Type: Gas/Petrol
- Hours: 120.00
Engine 2
- Engine Make: Chevy
- Engine Model: 350 VB
- Engine Year: 2018
- Engine Type: Inboard
- Power HP: 420.00
- Power KW: 313.19
- Fuel Type: Gas/Petrol
- Hours: 120.00
Full Details
Listing MLS by Yachtr.com
Contact Us
For more information about this yacht please contact Brandon Crigger.
We look forward to working with you!
Merri-Mar Yacht Basin
364 Merrimac Street
Newburyport MA 01950 USA
Phone: 1-978-465-3022
Fax: 1-978-465-1443
Email: brandon@merri-maryachtbasin.com
Website: https://www.merri-maryachtbasin.com
Family-owned and operated for 68 years, Merri-Mar Yacht Basin is a full-service, year-round marina, located on the Merrimack River in historic Newburyport MA. We offer seasonal and transient moorings & dockage, free WIFI & parking, storage, a Service Department, a Parts Department, a Ship's Store, and a Yacht Brokerage for pre-owned power & sail vessels.
Brandon Crigger
CPYB Yacht Broker
364 Merrimac Street
Newburyport MA 01950 USA
Office: 1-978-465-3022
Fax: 1-978-465-1443
Cell: 1-734-819-1183
Email: brandon@merri-maryachtbasin.com
I'm Brandon Crigger a CPYB Yacht Broker specializing in the sale of pre-owned boats.
Brandon's deep connection with water is rooted in his beginnings, growing up in Michigan's Great Lakes Region, developing a passion for fishing and water sports at an early age. His career started in construction with a degree in Construction Management in Michigan, but his love for the ocean led him to Ft. Lauderdale in 2006, where he launched his career in the maritime industry. He earned his Master Scuba Diver status and a 100-ton USCG License, in Ft. Lauderdale, then set off on an 8-year global adventure aboard private Motor Yachts, clocking 150,000+ nautical miles, traversing Italy, Greece, Turkey, and the Bahamas and Caribbean.
He then headed to New England, where he met his wife Nicole and her dog Hani, and here he stayed! Before joining Merri-Mar, he spent 3 years as captain & crew with Coastal Discoveries in Newburyport. Brandon has been an integral member of the MMYB Team since 2016. His diverse and global maritime experience, combined with integrity and a genuine affinity for all things maritime, offers clients a deep understanding of what it takes to match their wish list with their dream boat. Brandon lives in Stratham NH with his wife Nicole, and two sons Chase and Cameron.