Sam's is your source for Hatteras and Cabo Yacht parts.

Enter a part description OR part number to search the Hatteras/Cabo parts catalog:

Email Sam's or call 1-800-678-9230 to order parts.

58 LRC named Floridian in Cape Coral, FL

B

BFDfirefighter16

Active member
Joined
Mar 11, 2016
Messages
90
Status
  1. OWNER - I own a Hatteras Yacht
Hatteras Model
58' LRC (1975 - 1981)
I am wondering if anyone has any information about this 58 LRC and could tell me anything about it.
 
Thank you Eric,
I appreciate the response. I know it is being auctioned off on the 17th and the highest bid currently is $49k however i was aboard Emerald Princess over the weekend and was trying to find some other 58 LRC's to compare. I have been trying to find out what they are actually selling for versus what they are listed for.
 
Thank you so much for looking those up for me. That’s a huge help for me.
 
For 50K the right person can have a 58LRC to enjoy for pennies on the dollar..... The right person being a guy with a van full of tools and the skills to use them, combined with the schedule and budget of a recently retired person who did allright for himself.....:D

If this was 2022 I'd be on it.......
 
It isn't going to sell for $50K
 
With 6000 HP one should be able to water ski behind it. At least they are naturals and should be economical.
 
I don't want to throw coldwater on anybody's ambition, and the restoration of a Hatt is a noble cause. As every boat owner on here knows, "stuff" costs about 5 times what you think it should... and if you can't do the work yoirself... 10 times as much as you think it should. All 30 year old boats require 10 times more work than you think they should. Think about it. In a factory setting, it took a crew of many men the better part of a year to build one, so it will take 1 man many, many years to restore it. Just reading through the ad for the boat, I see an easy 75k, without addressing the electronics or cosmetics! A big problem is finding a place that allows DIY work, and finding insurance for an "under repair" vessel. No insurance, no dockage. It's certainly a worthwhile project, but it's going to take an ongoing big wallet to do it satisfactorily. Nothing looks worse than amateur work on a classic.
 
Last edited:
The problem with these old Hatts or any older boats especially larger ones is what they would be worth after you spend a bunch of money rehabbing them. I am going through a similar thing with an old 70 MY. The boat needs so much work that if I do the math it needs about $275,000 to bring it back to a reasonable condition not a pristine condition. If you spent that when you were done you would have a boat that might be worth $ 225 to 250 thousand, so what is the value of that boat? If I were surveying it I would have to say it has no value at all, but no seller is going to admit that. Some of these boats are reaching the point of needing to be destroyed, which is very sad. As a boat builder that 70 has value to me because I can bring it back to a reasonable condition for about $150,000, but there are not many people who can do that, and no boat yard is going to store a 70 foot boat, do the rehab work, and then make only $ 75,000 on it. At least a 58 LRC would have a bit more resale value when rehabbed. As far as insurance goes, I just carry liability insurance until I complete the rehab then get the boat surveyed with a valuation and then insure it. John
 
Yes to above. That all makes perfect business sense. Business sense, as we all know, goes out the window where boats and other hobbies are concerned. I am so pleased that Aslan's previous two owners so joyfully spent $1.2 million on a $150K boat. Sometimes I just pull out the receipts and go to my knees in adulation.

PS: It would probably have been half that amount had they not done it in the US & BVI.
 
You are so right Robert, but when you are negotiating to buy you need to use those business arguments to soften up the seller. John
 
Scarlett said:
You are so right Robert, but when you are negotiating to buy you need to use those business arguments to soften up the seller. John
Click to expand...
I did. Four months yielded almost 50% off.
 
This boat actually looks pretty good. Imagine it with a new paint job. Then we would be having a different discussion. The wood is all original inside and I see very little staining. It obviously needs new generators and engine rebuilds too. But, I think, based on what a nice 58LRC might sell for, someone could refit this and come out okay. Assuming, of course, that they bought it for near nothing.
 
I would take it on since I have a very good relationship with someone who runs a DIY yard in NC and he has a amazing skill set and quality of work for anything I couldn't do myself. However, I just saw Emerald Princess last week and have been communicating with the owner to work out a deal. Honestly, from what I saw of Emerald Princess and from what the pictures of Floridian shows it is really hard to tell which boat is in better condition. What bothers me is that there has been a ton of wiring work done to Emerald Princess by her previous owner and I just finished rewiring my 44TC so I know how much wiring work trying to make sense of previous work makes me nervous. The wiring work that was done however was notated on the wiring diagrams which will make it much easier but I still don't like wiring that has been messed with. The previous owner from what I have been told was a very smart man and an engineer. Emerald Princess also has a dark colored hull which has resulted in a serious breakdown of the paint and would need to be repainted.
 
SeaEric said:
According to the soldboats database: I find 5- 58 LRC's that have sold since Jan 2017. The 1979 boat has sold twice in that timeframe

  • 1979 348,000 (10/18) 310,000 (03/19) FL
  • 1975 349,500 (10/16) 317,000 (07/18) FL
  • 1979 399,000 (07/17) 389,000 (09/17) MD
  • 1975 379,000 (05/18) 315,000 (03/19) BC
  • 1977 289,000 (07/18) 245,000 (10/18) FL
Click to expand...


Interesting prices have been dropping on these lrc’s Historically they’ve always commanded a premium and held value through the ups and downs of the boat market
 
rsmith said:
Interesting prices have been dropping on these lrc’s Historically they’ve always commanded a premium and held value through the ups and downs of the boat market
Click to expand...

They still command a premium and the prices of the non LRC's have suffered more. And, fact is that they now are over 40 years old....Still great boats but more and more shifting to the "antique" section with layouts and lack of accessories that are becoming less and less popular compared to what's been coming out for the last 10-20 years. Add to that the fact that they are fairly complex with older systems and harder and harder to find qualified techs and parts for. Not to mention financing and insuring them.

All that said, being a little over 40 myself...., OK a lot, I like them.
 
Last edited:
You must log in or register to reply here.

Forum statistics

Threads
38,156
Messages
448,748
Members
12,482
Latest member
UnaVida

Latest Posts

Trending content

Back
Top Bottom