Yachts for sale / Formula 40 Performance Cruiser

2001 Formula 40 Performance Cruiser

Washington, NC, US 42.6 ft · 12.67 ft' beam 2 cabins 38 kn kn top
Asking
$159,000
Our Thoughts

The 2001 Formula 40 Performance Cruiser "The Real McCoy IV" represents a mature expression of the Formula brand's commitment to blending genuine offshore capability with refined cruising comfort—a formula that continues to appeal to discerning owners seeking a capable express cruiser without the complexity or maintenance demands of larger motor yachts.

At 42.58 feet in length with a 12.67-foot beam, this twin-engine express cruiser occupies a practical sweet spot in the performance cruiser category. The dual Yanmar 440 HP diesel engines deliver the performance envelope Formula engineered into this design: a cruising speed of 26 knots for efficient long-range passage-making, with a maximum speed capability of 38 knots when conditions and intent call for it. The 250-gallon fuel capacity supports extended cruising operations, while the 55-gallon fresh water system and 57-gallon holding tank round out the essential infrastructure for weekend trips or longer coastal voyages.

The interior layout follows the express cruiser convention: one full stateroom with an open cabin plan provides sleeping quarters, while a dedicated head with separate shower stall addresses the practical needs of overnight cruising. The galley is fully equipped, and storage has been thoughtfully integrated throughout. Above deck, the cockpit is the social hub, configured to comfortably seat up to 12 people—a notable feature for owners who value the entertaining aspect of boat ownership. The salon provides protected day-heading space, and the overall design prioritizes usable volume without sacrificing the sleek profile that defines the Formula 40 PC's aesthetic.

Formula's reputation rests on consistent build quality and attention to mechanical detail, and the Yanmar diesel powerplant selection reflects that engineering sensibility. The twin-engine configuration provides redundancy, operational flexibility, and the kind of smooth, predictable performance that makes extended cruising less fatiguing than comparable gasoline-powered alternatives. At displacement cruising speeds, fuel efficiency supports the stated range capability—meaningful for owners planning multiday passages or exploring less-developed coastlines where fuel dock availability may be limited.

This 2001 example has been maintained and is located in Washington, North Carolina, positioning it within the Mid-Atlantic cruising grounds and the Intracoastal Waterway network. For buyers evaluating express cruisers in the 40-foot range with proven diesel power and genuine overnight capability, the Formula 40 PC remains a substantive choice.

Provided listing description Click to read the original broker text

2001 Formula 40 PC "The Real McCoy IV" – Exceptional Condition, Luxury Cruiser & Powerful PerformanceMcCotters Marina & Boatyard is proud to present the 2001 Formula 40 PC "The Real McCoy IV", is a high-performance luxury cruiser. This Formula 40 PC is an ideal choice for buyers seeking a stylish, reliable, and powerful boat that offers both performance and comfort for extended cruising or weekend getaways. Perfect for those who appreciate both speed and elegance on the water. Key Features: Engines: Twin Yanmar 440 HP diesel engines Cruising Speed: 24–28 knots for an efficient, smooth ride Maximum Speed: 36–40 knots for exhilarating performance Fuel Capacity: 250 gallons for long-range cruising Fresh Water Capacity: 55 gallons Holding Tank Capacity: 57 gallons Staterooms: 1 stateroom with an open cabin plan Bathrooms (Heads): 1 full head with a separate shower stall Seating Capacity: Comfortably seats up to 12 people in the cockpit Passenger Capacity: Certified for 12 passengers Dry Weight: Approximately 22,750 lbs (10,319 kg)Exceptional Performance & ComfortThe Formula 40 PC "The Real McCoy IV" is a standout in the express cruiser category, known for its superior build quality and craftsmanship. The combination of twin Yanmar diesel engines provides remarkable performance, whether you're cruising at a comfortable 24–28 knots or pushing the throttle for a top speed of 36–40 knots. Its smooth ride and quiet operation make it the perfect vessel for long days on the water, weekend getaways, or entertaining guests. The spacious cockpit allows for comfortable seating for up to 12 people, making it ideal for socializing and hosting friends and family. Inside, you'll find luxurious finishes and modern amenities, including a fully-equipped galley, ample storage, and a comfortable salon. The spacious stateroom provides cozy spaces to retreat to after a day of adventure, and the full head with a separate shower offers convenience for both guests and owners. Timeless Style & Sleek DesignWith its sleek profile and bold design, the Formula 40 PC is as much about looks as it is about performance. Known for its elegant lines and sophisticated design, this boat is sure to turn heads at the dock or when cruising on the open water. The spacious and well-designed layout maximizes comfort without sacrificing style. Formula is a brand that boaters trust for its attention to detail and durable construction, and the The Real McCoy IV is no exception. The boat has been well maintained and is ready to provide many more years of luxury cruising. Why Buyers Choose the Formula 40 PC? The Formula 40 PC is a perfect blend of speed, comfort, and style. With a maximized interior layout, the Formula 40 PC offers all the comforts of home, including a large open stateroom a well-equipped galley, and a large salon area. Its quick acceleration and excellent handling make it an exciting boat to drive, while its luxurious amenities ensure an enjoyable cruising experience for everyone onboard. This boat is ideal for boaters who want a vessel with powerful engines for quick getaways or offshore cruising, but also appreciate the comfort and elegance needed for overnight trips. Whether you’re seeking a luxury express cruiser for your family or an entertaining vessel for friends, the Formula 40 PC excels in all areas. Why Choose McCotters Marina & Boatyard? At McCotters Marina & Boatyard, we pride ourselves on offering only the finest vessels, like the 2001 Formula 40 PC "The Real McCoy IV". Our team of professionals ensures that each boat we list is in it's optimal condition and ready for enjoyment. This is a must-see vessel for anyone seeking a luxury cruiser that combines performance, comfort, and style. Whether you are an experienced boater or a first-time buyer, the Formula 40 PC offers something for everyone. Schedule a showing today, and experience why "The Real McCoy IV" is one of the finest boats available in its class! Contact McCotters Marina & Boatyard for More Information or to Schedule a Showing#Formula40PC #LuxuryCruiser #PerformanceCruiser #RealMcCoy #YanmarDiesel #ExpressCruiser #PowerCruiser #BoatForSale #McCottersMarina #LuxuryBoat #CruisingLife #Powerboating

2001 Formula 40 Performance Cruiser "The Real McCoy IV" – Twin Yanmar Diesel Express Cruiser
The 2001 Formula 40 Performance Cruiser represents a mature design philosophy that defined the express cruiser category: a mid-sized, twin-engine powerboat engineered for both extended-range cruising and spirited performance, with cabin accommodations, a functional galley, and entertaining space that distinguish it from day-boat center consoles. Located in Washington, North Carolina, this 42.58-foot Formula delivers the combination of diesel efficiency, comfortable overnight capability, and design-forward styling that continues to appeal to buyers seeking a reliable, well-proportioned cruising platform.
Overview and Vessel Category
The Formula 40 PC occupies a specific and enduring niche in the recreational powerboat market: the express cruiser with genuine cabin space, a proven hull design, and the fuel economy and range benefits of diesel propulsion. At 42.58 feet in length overall with a 12.67-foot beam, this vessel balances beam-to-length ratio for stability and interior volume without the weight penalty or fuel consumption of larger, full-displacement motor yachts. The dry weight of approximately 22,750 pounds reflects the construction approach typical of Formula's mid-range models—solid glass construction with integrated systems designed for owner-operator confidence and multi-day cruising. The Formula brand itself carries recognition among powerboat buyers for production consistency, attention to systems integration, and resale stability. The 40 PC model line, produced in the late 1990s and early 2000s, benefited from Formula's refinement of the express cruiser formula: a boat large enough to sleep owners and guests, fast enough to cover distance efficiently, and proportioned to operate from modest-sized marinas and anchorages without the operational complexity or fuel demands of larger yachts.
Power and Performance
Twin Yanmar 440 horsepower diesel engines form the mechanical foundation of this vessel. Yanmar marine diesel engines have long been recognized for reliability, fuel efficiency, and longevity in recreational and commercial applications. The 440 horsepower rating per engine—approximately 880 total horsepower—positions the Formula 40 PC in the performance range expected of express cruisers of this era and size. The published performance envelope indicates a cruising speed of 24 to 28 knots and a maximum speed capability of 36 to 40 knots. These figures reflect the design intent: efficient, economical cruising at mid-range throttle settings for extended-range passages, with the reserve power to achieve higher speeds for shorter runs or when conditions and operator preference warrant. Diesel engines operate at lower RPM than gasoline counterparts at cruise, which contributes to fuel economy, reduced noise, and extended engine intervals—meaningful advantages for owners planning multi-day or extended cruising. With a fuel capacity of 250 gallons, the vessel is configured for range. At typical cruise speeds of 24 to 28 knots, diesel fuel burn in twin-engine express cruisers of this class generally ranges from 8 to 12 gallons per hour combined, suggesting a realistic cruising range of 600 to 800 nautical miles or more depending on sea state, loading, and throttle management—sufficient for coastal cruising, Gulf passages, and multi-day offshore operations.
Layout and Deck Design
The Formula 40 PC layout reflects a philosophy of maximizing usable interior and cockpit space within a 42-foot footprint. The vessel features an open cabin plan with a single stateroom, a configuration that prioritizes common areas—salon and galley—over multiple sleeping berths. This approach suits owners who entertain frequently or cruise with a limited crew, as it allows flexible use of the cabin space and ensures the main entertaining area (salon and cockpit) remains the functional center of the boat. The cockpit is designed to seat up to 12 people, a substantial entertaining capacity for a vessel of this size. The cockpit seating arrangement, typical of Formula's design, typically includes a helm station with integrated seating, an L-shaped lounge aft of the helm, and possibly a transom lounge, creating distinct zones for the operator and guests. This layout supports both day cruising and evening entertaining without requiring guests to remain confined to the cabin. Forward, the bow area typically incorporates sun lounges or seating, a standard feature of express cruisers designed to offer variety of vantage points and social configurations during anchored or moored periods. The open cabin plan mentioned in the broker description suggests an unobstructed sight line from the helm through the main cabin to the forward cabin area, improving the sense of space and allowing the operator to monitor the cabin while underway.
Cabin and Interior Accommodations
The single stateroom provides sleeping accommodation for two people, with cabin headroom sufficient for comfortable use. The full head with a separate shower stall represents a meaningful comfort upgrade for overnight cruising; the separation of toilet and shower facilities improves usability when multiple guests are aboard and reduces the footprint demands on a single head compartment. Fresh water capacity of 55 gallons supports showers and galley use, with a holding tank capacity of 57 gallons managing wastewater. The galley is described as fully equipped, a term that in express cruiser context typically means a functional cooking area with a stove or cooktop, refrigeration, and sink with pressurized water. In a vessel of this size and era, the galley is often compact but well-arranged, positioned to serve both the cabin and cockpit areas and designed for meal preparation during extended cruising or entertaining. The salon serves as the primary social and dining area, with seating, dining table, and access to the galley. The open cabin plan allows natural light into the salon through cabin windows and portlights, a design element that improves the livability of the interior during extended time aboard. Storage throughout the cabin—under berths, in lockers, and in hanging lockers—accommodates the gear and provisions required for multi-day cruising.
Helm and Steering
The Formula 40 PC, as an express cruiser designed for owner-operation, features a helm station positioned to provide forward visibility and access to engine and system controls. The helm layout in vessels of this class and era typically includes dual throttle and shift controls (one for each engine), engine instrumentation, fuel management gauges, and integration points for electronics. The helm seat usually incorporates bolster support and height adjustment, supporting the operator during extended running. The specific electronics suite is not detailed in the available information, though express cruisers of this vintage and price point typically feature basic navigation electronics: a VHF radio, depth sounder, and compass at minimum. Prospective buyers should verify the presence and condition of any navigation electronics, autopilot systems, and communication equipment through a pre-purchase survey and sea trial.
Comfort and Entertaining
The vessel's design supports entertaining at two distinct levels: cockpit entertaining for up to 12 guests in a social, open-air environment, and cabin entertaining for smaller groups in a climate-controlled interior. This flexibility makes the Formula 40 PC suitable for a range of boating activities: day cruising with a full complement of guests, overnight cruising with family, and entertaining at anchor or in protected waters. The combination of spacious cockpit seating, protected cabin area, and functional galley means that entertaining does not require constant attention to meal preparation or guest comfort management. Hosts can prepare food during the day, serve drinks and snacks from the galley, and manage the social experience from the helm or cockpit lounges.
Why the Formula 40 Performance Cruiser Remains Relevant
The express cruiser category has evolved significantly since 2001, but the core appeal of the Formula 40 PC—reasonable size, proven diesel propulsion, cabin accommodations, entertaining capacity, and performance sufficient for efficient coastal and offshore cruising—remains valid. The 2001 model year benefits from more than two decades of design refinement in the Formula 40 line, with systems, hull construction, and interior layouts proven through thousands of hours of owner operation. Buyers considering a Formula 40 PC are typically seeking a boat that can be operated and maintained by an owner-operator without requiring a professional crew, that offers genuine overnight capability without the complexity or operating cost of larger yachts, and that delivers reliable performance across a range of sea conditions and cruising scenarios. The twin Yanmar diesel configuration supports this profile: efficient at cruise, capable at higher speeds, and mechanically straightforward. The vessel's location in Washington, North Carolina—within the Pamlico Sound system and close to offshore waters—reflects its suitability for the cruising grounds of the U.S. East Coast, where express cruisers operate regularly across inland waters, sounds, and offshore environments. A pre-purchase marine survey, sea trial, and detailed inspection of the engine, systems, and structural condition remain essential steps in evaluating any vessel of this age and type. The information provided establishes the vessel's category, configuration, and design intent;
Length
42.6 ft
Beam
12.67 ft'
Year
2001
Builder
Formula
Model
40 Performance Cruiser
Cabins
2
Max speed
38 kn kn
What is a Formula 40 Performance Cruiser and what type of boating is it designed for?
The Formula 40 Performance Cruiser is a 42-foot express cruiser built for buyers who want both speed and overnight comfort in a single vessel. It's designed as a dual-purpose boat that excels at quick weekend getaways, extended cruising trips, and entertaining guests, combining a powerful twin-engine setup with a full cabin layout that includes a stateroom, galley, and head with shower. This class of boat bridges the gap between day cruisers and larger yachts, making it practical for families or groups who want to explore distant waters without sacrificing comfort or the ability to cruise at meaningful speeds.
What engine package does the 2001 Formula 40 PC have and what kind of performance can you expect?
This vessel is powered by twin Yanmar 440 HP diesel engines, which deliver a cruising speed of 24–28 knots for fuel-efficient long-range travel and a maximum speed of 36–40 knots when you want spirited performance. Diesel engines are favored in cruising boats for their fuel efficiency, longevity, and low-end torque, and the Yanmar brand is known for reliability in marine applications. The twin-engine configuration provides redundancy and excellent maneuverability, so if one engine requires service, you still have propulsion to return to port safely.
How far can the 2001 Formula 40 PC cruise on a single tank of fuel?
With a 250-gallon fuel capacity and cruising speeds of 24–28 knots, the Formula 40 PC can achieve extended range cruising, typically allowing for multi-day trips without refueling. At cruising speed, twin diesel engines burn fuel efficiently, and the boat's 250-gallon tank provides the range needed for exploring coastal waters, island hopping, or making longer passages. The exact range depends on sea conditions, throttle management, and how aggressively you run the engines, but the fuel capacity supports the kind of long-distance cruising this boat was designed for.
What is the interior layout and cabin configuration of this Formula 40 PC?
The 2001 Formula 40 PC features an open cabin plan with one spacious stateroom, a fully-equipped galley, a large salon area, and a full head with a separate shower stall. The stateroom provides a comfortable sleeping space for overnight trips, while the galley is set up for meal preparation and includes storage for provisions. The salon offers a social gathering space, and the separate shower stall means multiple people can freshen up without competing for facilities. This layout maximizes the usable interior space on a 42-foot hull, balancing sleeping accommodations with entertaining and cruising functionality.
How many people can the Formula 40 PC accommodate and what is the cockpit layout like?
The Formula 40 PC is certified for 12 passengers and features a spacious cockpit designed for comfortable seating of up to 12 people, making it an excellent platform for entertaining family and friends. The generous cockpit layout allows for social gatherings, sunbathing, and dining while underway, and the open design provides unobstructed views of the water. The helm is positioned to command the cockpit while maintaining good sightlines, and the seating arrangement encourages both socializing and relaxation during cruising.
What freshwater and holding tank capacities does this boat have for extended cruising?
The Formula 40 PC carries 55 gallons of fresh water and has a 57-gallon holding tank. These capacities are typical for a 42-foot cruiser and support multi-day trips with reasonable water conservation and waste management. The fresh water supply is sufficient for showers, galley use, and general onboard needs for a small group over a weekend, while the holding tank allows you to cruise without frequent pump-out requirements. For extended cruising beyond three to four days, you would want to plan refueling and pump-out stops at marinas.
What makes the Formula 40 Performance Cruiser a good choice for offshore cruising?
The Formula 40 PC combines several features that support offshore capability: twin diesel engines provide redundancy and reliability at sea, the 250-gallon fuel capacity enables long-range passages, the full cabin accommodations allow crews to rest during extended trips, and the 42-foot hull length provides the displacement and stability needed for open-water cruising. The boat's cruising speed of 24–28 knots is efficient for covering distance while maintaining fuel economy, and the maximum speed of 36–40 knots allows you to outrun weather or make time when conditions permit. The enclosed cabin with head and galley means you're not dependent on returning to port for basic needs during a multi-day offshore adventure.
What is the beam and overall size of the 2001 Formula 40 PC, and how does that affect handling and docking?
The Formula 40 PC has a beam of 12.67 feet and an overall length of 42.58 feet, making it a substantial but still manageable cruising platform. The beam-to-length ratio provides good stability and interior volume while keeping the boat narrow enough to navigate many coastal waterways and fit into standard marina slips. At 42 feet with a 12.67-foot beam, the boat handles well in moderate seas, offers plenty of interior space, and can be operated by a single helmsman, though the size benefits from good docking skills or a bow thruster for tight marina situations.
What are the key advantages of the Formula brand and build quality on this 2001 model?
Formula is recognized in the marine industry for attention to detail, durable construction, and thoughtful design that balances performance with livability. The Formula 40 PC was built during a period when the brand was known for solid fiberglass construction, quality interior finishes, and reliable systems integration. The boat's reputation for craftsmanship means components are typically well-engineered, and parts and service support remain available through marine dealers. A well-maintained Formula from 2001 reflects the builder's commitment to longevity, and the timeless design of the 40 PC means it doesn't feel dated compared to newer models in the same category.
What type of buyer is the 2001 Formula 40 PC best suited for?
The Formula 40 PC is ideal for experienced boaters or those new to boating who want a versatile cruising platform that doesn't require a large crew or professional captain. It appeals to buyers seeking weekend getaway capability with overnight comfort, families who want to explore coastal destinations together, groups of friends who enjoy entertaining on the water, and anyone who values the balance of speed, range, and livability. The boat is large enough to feel substantial and capable, but small enough to operate independently and fit into most coastal marinas. It works well for buyers who want to cruise at economical speeds during the week but have the power to make time when weather or schedule demands it, and who appreciate the elegance and build quality that Formula is known for.
What are the practical considerations for owning and operating a 42-foot Formula express cruiser?
Operating a 42-foot express cruiser requires basic boating competency, familiarity with twin-engine operation, and understanding of fuel and water management for extended trips. Dockage at a full-service marina is typical, and annual maintenance includes engine servicing, systems checks, and bottom painting. The twin diesel engines are robust and long-lived but do require regular oil changes and filter service; diesel fuel stability is important if the boat sits for extended periods. Insurance, fuel costs, and marina fees are ongoing expenses that scale with the boat's size and capabilities. The 42-foot length and 250-gallon fuel capacity make this boat practical for owner-operation without a full-time crew, and the comfortable cabin means you can justify the investment through frequent use and extended cruising rather than day trips alone.

Fly Yachts is pleased to assist you in the purchase of this vessel. This boat is centrally listed by McCotters Marina. It is offered as a convenience by this broker/dealer to its clients and is not intended to convey direct representation of a particular vessel.

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