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  • Thread starter Thread starter Tim Powell
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Docked next to the 777 the last 2 WMO's, was built as Pipe Dream from Cape May. Current owners transformed her to yacht finish from upgraded charter boat interior. Thought it would come up for sale, weird ownership arrangement.
 
Charter explains the 5344 hours. I think that asking price is a pipe dream. You can get nicer, better and newer for less.
 
The Carolina custom boat market is tight right now with very little for sale, a new one like this would be well over 2mil. Currently, and over the last few years, there are very few custom boats being built in the 55-60 foot range with most being 65 and up so these types of boats are bringing a premium right now.
 
Fine looking machine, and the hours are not uncommon for Cats.
 
Cricket said:
The Carolina custom boat market is tight right now with very little for sale, a new one like this would be well over 2mil. Currently, and over the last few years, there are very few custom boats being built in the 55-60 foot range with most being 65 and up so these types of boats are bringing a premium right now.
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I agree but this one is 12 years old and has high hours. I've seen nicer ones for less. It is amazing how the SF market continues to go bigger. 80 seems to be the new 55. And the 90s are the hot ticket.
 
Right now there are 15 used Carolina wood boats available between 55 and 60 feet, I've scene most of them, the 2 Dean Johnson boats are the nicest by far, especially because they have Cats, they also fish really great. Yes the prices are high but nothing is available. All of the guys with the 60-80 foot custom boats have been buying the 50 - 60 foot used Carolina boats and sending them to Costa Rica as 2nd and 3rd boats. The custom market is nuts; a big 6 month old Weaver was just sold for 500k more than it cost and it was only on the market for less than a week.
 
That's why the call it stupid money
 
That is indeed all the money in the universe for that boat. As nice as it is, how long can they run before a MO? She is a pretty boat, though, no question on that.
 
jim rosenthal said:
That is indeed all the money in the universe for that boat. As nice as it is, how long can they run before a MO? She is a pretty boat, though, no question on that.
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A lot depends on how they were run and cared for. It's not just the hours on the engines, it's the rest of the boat too. That's high time on the generator and all other gear. Maintenance on these cold molded boats is very high and unless cared for they can be a nightmare. Ask Tim about his cousins Jarret Bay that started coming apart.
 
saltshaker said:
I agree but this one is 12 years old and has high hours. I've seen nicer ones for less. It is amazing how the SF market continues to go bigger. 80 seems to be the new 55. And the 90s are the hot ticket.
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The number of people that can play in this game is getting fewer and fewer. The rest of us boaters will just have to watch from the shore.
 
Jack, has anyone tried to figure out the useful life of a fiberglass hull and a cold-molded hull? I imagine they must be finite but have any of them been around long enough to get an idea how many hours they can be run? I looked at the 5000 hours and I thought about what kind of shape the hull would be in after that- like would it start to delaminate, do the bonds begin to break down, etc? I would think every hull construction material has a designed life, but I wonder what it is for these materials.
 
Past history shows anytime wood is used with fiberglass construction the design life would be shortened. No way to stop water from entering penetrations, chines, and areas of stress or impact long term.
 
Time will tell as the boom in the cold molded customs is relatively young. Quality of construction and proper maintenance will be huge. No matter how well it's built, if water penetrates the hull, it's going to cause major problems. Builders like Rybovich and Merrit have been doing it successfully for years and thier older boats are still sought after. I've spoken to a number of captains who run and care for various Carolina cold molded custom boats. They all say that the maintenance is huge compared to a similar glass boat. Most owners only keep them for a few years so they get out before the major work is needed. They also typically have the means to keep them in top shape. It will be interesting to see how some of these boats hold up as they age. There have been threads on other forums documenting major hull work being done on some of the older ones. Keep in mind these boats often are run hard and often. You have to take that into consideration when judging how well they hold up. Rsmith's boat is a perfect example of how well a Hatteras can hold up from many years of heavy use. He's not afraid to use his boat and push it harder than most. From all accounts she is still a solid boat as she approaches 50 years old.
 
saltshaker said:
Time will tell as the boom in the cold molded customs is relatively young. Quality of construction and proper maintenance will be huge. Rsmith's boat is a perfect example of how well a Hatteras can hold up from many years of heavy use. He's not afraid to use his boat and push it harder than most. From all accounts she is still a solid boat as she approaches 50 years old.
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Rsmith's Hatteras is an amazing example. Years ago nobody thought twice about using wood with fiberglass and it was way better than the traditional wood boat. The builders now know what works well and is probably more a matter of cost and use as to how they build. They are building some fine cold molded boats that can be subject to the same problems as wood. I owned a cold molded boat which had various problems and teredo worms in the wood coring around the rudder boxes, and would not consider another one. Hard to beat good quality molded fiberglass construction, such as Hatteras.
 
Blue Note will be forty-five years old, this year, actually. Still solid as a rock.

Better looking, though. :) And certainly holding up better than her owner, in the looks department.
 
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