1986 Formula 24' (7.32 m) LS
Newburyport, Massachusetts, United States
If you are looking for a classic, high-performance, retro powerboat – you’ve found it!
- Racing-High Performance
- Power
- Used
- Gas/Petrol
- Fiberglass Hull
- HIN/IMO: TNRM5785A686
Description
This 1986 Formula 242 LS is a RARE FIND. Formulas have earned their reputation for excellence for decades, originating from the highly respected racing stable of Formula Boats, beginning in 1956 with simple runabouts and evolving to more streamlined, smooth-riding, performance-oriented models.
This Formula 242 is a modern classic that was completely refitted by the current owner from the bottom paint up in 2018. The twin Chevy 350 V8 engines were completely rebuilt from scratch moving the hp from stock 520 to 840 hp with 120 hrs with fresh rebuilt Alph 1 drives. She cruises at 35 mph/2800 rpm and 65 mph/5000+ rpm WOT. She is equipped with a compass, a radio, Bluetooth, and speakers. The open interior has upholstered twin bucket seats, a rear bench seat, a cushioned sun pad aft, a swim platform, and a swim ladder. Below deck, the 8 ft beam makes for a very spacious interior for a high-performance boat of this size. There is a comfortable 2 berth cuddy cabin, perfect for overnights and water-toy storage. The hull was repainted/gelled with all of the detail and is in beautiful shape. A Load Rite dual-axel trailer is included in the sale.
As the current owner says, “She’s FAST, FUN & LOUD”. So, if you are in the market for a retro head-turner, schedule a showing NOW to take advantage of the 2024 season.
Detailed pics of the rebuild are available upon request.
Hargrave Custom Yachts is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Merri-Mar Yacht Basin. 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
Specifications
HIN/IMO: TNRM5785A686
LOA: 24' 5'' (7.44 Meters)
Type: Power- Used
Year: 1986
Beam: 88'
Draft Max: 6' 6''
Draft Min: 2'
Maximum Speed: 65 MPH
Cruise Speed: 35 MPH
Fuel Type: Gas/Petrol
Hull Material: Fiberglass
Fuel Tank: 60 Gallons (227.12 Liters)
Dry Weight: 4200
Photos click to view all
Engines
Engine 1
- Engine Make: Chevy
- Engine Model: 350 VB
- Engine Year: 2018
- Engine Type: Inboard
- Power HP: 420.00
- Power KW: 313.19
- Fuel Type: Gas/Petrol
- Hours: 120.00
Engine 2
- Engine Make: Chevy
- Engine Model: 350 VB
- Engine Year: 2018
- Engine Type: Inboard
- Power HP: 420.00
- Power KW: 313.19
- Fuel Type: Gas/Petrol
- Hours: 120.00
Full Details
Listing MLS by Yachtr.com
Contact Us
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Office: 1-954-463-0555
Toll Free: 1-800-551-9590
Email: info@hargrave.org
Our company was founded by Jack Hargrave in 1957 in Palm Beach, Florida. In addition to being a Hall of Fame yacht designer best known for his work with builders like Amels, Burger, and Hatteras yachts, Jack Hargrave was also a highly successful yacht broker, as was his father before him. If you are not familiar with our company, Hargrave Yachts is one of the oldest and most respected yacht brokerage firms in the State of Florida. In addition to being a full-service yacht brokerage organization we maintain an in-house service department that our customers rate as 5-Star. When most yacht manufacturers put in their own in-house design and engineering departments we made the decision to begin building yachts in the 65â-200â size range under the Hargrave brand name in 1997. As we tell all our brokerage clients, "If we can't find the perfect boat for you we'll build it!"