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1970 58' (53) Located in Spain

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ralexa6808

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Feb 2, 2013
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  1. OWNER - I own a Hatteras Yacht
Hatteras Model
58' YACHT FISHERMAN (1970 - 1981)
Confusing description, single engine with 1,340 HP?


http://www.yachtworld.com/boats/1970/Hatteras-53-2625324/Almerimar/Spain#.UhPgqJbD-1s

Located in Spain asking 46.6K......If it has both engines, might be worth a look.
Not nearly enough photo's or description to determine anything, but it does seem to be in one piece.

Just so happens, the Admiral is in Sicily this week.....maybe I can persuade Her to bring it back (not!).
 
A neglected and leaky boat in the middle of nowhere. What could be more fun?
 
You certainly would not have to travel to Spain to purchase a cheap, old, worn out POS 53 Classic. They are in abundant supply right here - in the good 'ol US of A.
 
Hatteras58CMYSpain_zps01e72fe7.jpg


The divider curtain in the salon is a looker. I can't believe more owners don't make that modification....;)

Seriously, speaking of tired (or not) 53 classics Eric, what are these things selling for when they sell? How much activity has there been in the 53 market this year?
 
You could sell the hi speed wipers and have the boat for almost free
 
Around 10 - 53 Classics have sold so far in 2013. Prices range from $50,000. on the low side (2 units, one was a repo) to a high of $250K which was the movie star in Va. The average of all the sales this year is about $123K. If you throw out the highest and lowest, the average sale is around $115K. In the last few years I have seen several older 53's sell in the $20K to $35K range. Some of those were decent buys and some were not even worth that much.
 
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Jim Rosenthal is so right! A junker in the middle of nowhere? WHY?????

If you buy it for $25,000 (or less)...you still need to get it to a port. And then spend another $60,000 in shipping costs just to get it to the US East Coast. Once that nightmare is over...the real nightmare begins.

No question. Restoring a Classic 53 Hatteras is an excellent adventure if you've got an extra half-million standing by. It's not a project for the faint of heart. There are so many systems to be repaired or updated, it takes a year or longer to complete the whole project correctly. However, for the half-million invested, you end up with a "premium quality" yacht that would cost $3 Million to build today. A nice 53 attracts admirers in every marina on the planet.

I think there are several restorable 53s that can probably be had for between FREE and $50,000. It's all they're worth!

I think an "average" 53 is worth from $60,000 to $110,000 today. Above Average $110,000 to $160,000. Nice around $200,000. At the end of the day, if you can find a "truly pristine" 53 for $250-$300,000, it would be the best "VALUE". When you think about it...that's half the price of restoring one! If you can't afford to go out and spend $300,000 for the best 53 out there, you probably shouldn't buy a 53 at all.

2014 will be the 50th Anniversary of the original Hatteras 50 Motor Yacht. Someone needs to restore one of those to the 9s!
 
SeaEric said:
Around 10 - 53 Classics have sold so far in 2013. Prices range from $50,000. on the low side (2 units, one was a repo) to a high of $250K which was the movie star in Va. The average of all the sales this year is about $123K. If you throw out the highest and lowest, the average sale is around $115K. In the last few years I have seen several older 53's sell in the $20K to $35K range. Some of those were decent buys and some were not even worth that much.
Click to expand...

Thanks Eric, great info! Is there typically much of a price difference between the early models and those made from mid 1979 on with the updated systems when they are in similar shape?
 
Just asking, what was the MSRP for a 53MY in 1970 or 1975
 
I can tell you that it takes every bit of a year and $350,000 to redo a 53. Now I did every waterline, fuel line, AC line, every appliance, all new electronics, EVERYTHING! But, she is a vessel that looks amazing, built like a tank and ready to go anywhere for a small fraction of a new boat that has less livable space. I got 5 years of great use out of it and if someone buys her, fine. If not, there are more memories to be made!
 
SKYCHENEY said:
About $193,000 with all of the options (and most of them had all of the options).
Click to expand...

$960,000 in today's dollars. Still a relative bargain.
 
A bargain is when I can purchase a $250,000.00 Hat for $50,000.00 , Oh , wait a minute that me be a steal. A 40 year old Hat is not worth more than $50,000.00 plus improvements. Just my opinion.
 
As a boat, a great prospect. As an investment, not so great.

But this is the Hatteras Owners Forum. We are boaters here, not investors in boats. I am generalizing, to be sure, but I think you all know what I mean.

Come to think of it, it's hard to imagine a boat that COULD be an investment as a restoration project. Now if you want to see something like that, hop on over to Sports Car Market and look at what Ferrari and Aston barn find projects are selling at. It will make your eyes pop.
 
Someone in Spain will get this boat nearly for free. With the economic climate there, which is not at all good, they may be able to find a yard which is still open and needs the work and refit this boat. If they do a lot of it themselves, and shop carefully, they may be able to end up with a fine and handsome old boat at a decent price- not as an investment, but as a sturdy boat to enjoy some of the best cruising grounds in the world. I hope it happens. No one is going to bring her here; the numbers absolutely can't be made to work. I know of at least one classic 53 that was in similar shape and is now her owner's pride and joy, looking very good indeed. It can be done.
 
A vintage car like a boat is never an investment, the only difference is that my 1937 Packard
doesn’t cost me $10,000.00 to park for a year.
 
If anyone is looking to invest, there is a 53 in Texas on a lake, the guy is willing to take 40K. A 58 YF in New England he is asking 75K. Help the US economy buy one that is already here.
 
Yea Newbieboater, but your 1937 Packard isn't left out in the sun and parked in salt water!
 
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