My Dream Boat: Beneteau 42 or 43

So I’ve been daydreaming of sailboats again and am hoping to begin the next stage of my adventure once the car is sold. I’ll do some buying and selling up here before I head back down South, but I am intent once more on returning to the sea. I didn’t nearly get enough chance to live out my dream of sailing and living aboard last year.
And I have been poring over boats once again, wondering upon which beauty I want to fix my attention. I’m determined that this time I’m going to concentrate on larger vessels. That is, boats that are at least 35 feet long. Although they don’t flip (resell) as quickly as smaller boats, one thing is certain: they do retain their value better, even the older ones from the 1970s.
I’m already familiar with some of the boats I looked at in both New Orleans and Pensacola. The one design I’ve like for the longest time, that had the greatest value among hurricane boats I saw, was the Gulfstar 40. These were great, big sailboats built back in the early- to mid- 70s. They are strongly built, and their overbuilt fiberglass hulls have kept them on the water for many years.
I priced two of these in New Orleans that I could have had for less than $6,000 apiece. Unfortunately, the one I really wanted had deck separation and would’ve required at least $10-$15,000 in repairs. But the value is there, as each of these boats (both were 1974 Gulfstar 40s) was still worth over $74,000 ($78,000 if you have good electronics).
Anyway, regardless of what boats I work on early for investment purposes, I have begun to see examples of what my future dreamboat might look like. Among all those I’ve been checking out over the last couple of weeks, the one design that stands out is the Beneteau. Particularly those that were built in the 80s. The Beneteau are beautiful, elegant sailboats with all the characteristics I’m looking for.
I’ve included a gallery of images of these boats, taken from listings on Yachtworld. These are usually priced up in the $80,000 range. So they likely would not be my initial, next boat, obviously.
But there are tens of thousands of boats right now in hurricane yards being liquidated by insurance companies all over the Gulf, many of them with very little serious damage. I also have the contacts in the Pensacola area so that, if I wanted to pick up another hurricane boat to restore, I could do so. There really isn’t any reason why I couldn’t get one of these boats right now for $10-$15,000. It’d take some looking, and I’d probably need another five to 10 grand more in contractor work.
But the return on such an investment would certainly be worth while, as I’m sure you can imagine. More importantly, it’d put me back on the water for some time to come, traveling around the world in the manner I’d most enjoy.
Have a look and tell me what you think…
Beneteau 42 & 43 (1984-89)
The mid-80s Beneteau First Sloop 42 is an icon in the sailing world. She is truly a boat that is capable of winning regattas still today, is a comfortable boat to live on and can take you safely to any ocean in the world that you wish to cruise.
A German Frers design, she’s a pedigreed hull shape with the beautiful full belly, a fine sharp entry, and tapered stern. She sails fast! Her fine underbody and spade rudder makes her sleek, racy and responsive. There’s a reason these vessels have been sought after by ocean racers for so many years.
One of the examples below actually has already completed a four-year circumnavigation double-handed. And she’s set up to sail shorthanded.
The 432s (particularly nice with an open rear transom) were 43′ overall length, 13′ 10″ beam, 5′ 4″ wing keel draft, keel stepped mast height (including antenna) 62 feet, sufficient for all 65′ fixed ICW bridges (actually tested). The three-stateroom, two-head layout includes queen size V berth forward, queen size berth aft, and a third twin sized bedroom and 6′ 5″ cabin headroom.
Click any link below to open gallery (click left or right side of images to scroll):

























scott said
am May 25 2007 @ 9:03 am
Hey man, if you can get a copy of today’s Wall Street Journal there is an article in section D about the rich flipping Yachts. “… Today’s new rich, being entrepreneurial, can’t resist the lure of the deal even when it comes to the multimillion-dollar toys they are buying for their own pleasure. ….”
John Edwards said
am May 25 2007 @ 1:10 pm
I don’t get the WSJ, but I do know of people who make money every year flipping boats. The market is literally wide open, especially with the impact in recent years of ‘hurricane boats’, many of which are totaled by insurance companies with very little real damage.
Before I bought my first boat last year, I purchased this e-book: http://www.ibuysailboats.com. It was pretty informative on how to get started buying smaller boats (even on a modest budget) and eventually work up to vessels worth hundreds of thousands of dollars.
Bill Forde said
am August 17 2007 @ 1:17 pm
I have just bought my dream boat and yes its a beneteau. I sold my last yacht in feb 2007 and took delivery in aug 2007 of my beneteau 44cc. Now my budget was similar to yours but I ended up spending alot more (dont we always) but I believe I have whats almost the perfect sailboat. I could have bought one in florida for as little as 100k$. Dont ever let budget restrict you ,find the boat you want and the money will come from somewhere. I had my souherly 105 for 11 years and made 30k$ profit on the original price after enjoying it for 11 years. When I bought the southerly I spent over twice my starting budget and wondered how I was ever going to repay the loan but after 1st season I was having such a giood time I hadent time to think of my financial worries. I never looked back. so my advice is go for it
Email me and Ill tell whats great about my 44 cc
Happy sailing
Bill Forde
John Edwards said
am August 18 2007 @ 11:49 pm
Hey Bill, thanks for the comments! I’ve seen some real pretty Beneteau cruisers out there. I knew a guy on my yard in Pensacola who had a big 52-footer. He needed to put in a bow thruster just to handle her with only he and his wife aboard!
Some weeks back I fell in love with an amazing Palmer Johnson Frers 46 that was in some kind of distress sale. I couldn’t believe what it was going for (might have even had it for a lot less had I the oppurtunity), but alas it went to another. She wasn’t even far away, laying up in nearby Maryland.
The Palmer Johnson also got me thinking hard about aluminum hulls. If I could, my next bluewater cruiser would be that. I know the Palmer is more a racer/cruiser, but what a sweet hull shape:
46′ Palmer Johnson Frers
Randy said
am January 16 2008 @ 9:35 pm
I own a FIRST 42, bought it 4 years ago and soon after moved aboard.. spent another 75k on a retro-fit and we’re leaving on a 5 to 10 year trip around the world.. love the boat and Damn, she’s fast..