2004 Formula 370 Super Sport Boat in Algonac, MI 48001 US

$117,000

Used
builtBuilt in 2004
Year the boat was built
model

370 Super Sport

Boat model
engine

2 Engines (2x MerCruiser)

Engine type and count
length

39 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
39ft
Length Overall
38.5ft
Beam
10.5ft
Hull Material
fiberglass
Engine 1
Engine Make
MerCruiser
Engine Model
500 EFI
Total Power
470hp
Engine Hours
754
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2004
Drive Type
stern
Propeller Type
6-blade
Propeller Material
stainless-steel
Engine 2
Engine Make
MerCruiser
Engine Model
500 EFI
Total Power
470hp
Engine Hours
754
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2004
Drive Type
stern
Propeller Type
6-blade
Propeller Material
stainless-steel
Electric Bilge Pump
Marine Head
Air Conditioning
Electric Head
Heating
Hot Water
Battery Charger
Depthsounder
Radar
Tv Set
Navigation Center
Plotter
Radio
Compass
Gps
Camper Cover
Shore Power Inlet
Generator
Disclaimer

The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

Price History

DateEventPrice
7/21/26Initial price$117,000

Contact Walstrom Marine

501 Bay St., Harbor Springs, MI, 49740

Formula 370 Super Sport: BoatTEST Review

Reviewed by Jeff Hammond

Boat Test Review on BoatTest.com

Overview

The Formula 370SS is a premium performance cruiser measuring 38 feet 6 inches in length overall, with a beam of 10 feet 9 inches and a draft of 3 feet. Designed for versatility, it suits weekend outings, entertaining, or longer cruises. This particular model is uniquely powered by twin Ilmor 7.4 liter 483 horsepower engines integrated into the OneDrive stern drive propulsion system, blending Formula's offshore racing heritage with Ilmor's high-performance racing engine expertise.

Power and Performance

The 370SS features a 21-degree deadrise at the transom and a two-step hull design, balancing a deep-V ride with efficient planing. The Ilmor MV8 7.4 liter engines produce peak torque at 4,400 rpm, filling a power gap between 430 and 520 horsepower. During testing, the boat achieved a top speed of 53.7 miles per hour at 5,364 rpm. Cruising at 3,500 rpm yielded 31.9 miles per hour with a fuel burn of 32.7 gallons per hour, equating to one mile per gallon and a range of 191 statute miles with a 10% fuel reserve. The boat demonstrated a smooth and stable ride with minimal bow rise and consistent running attitude, handling wakes and sharp turns predictably without slipping. The Ilmor OneDrive stern drive unit, originally engineered for diesel applications, features robust gears, shafts, and hydraulic transmission housed in a larger casing for durability and quieter operation. The system carries a five-year, 500-hour factory-backed warranty, reflecting its reliability and performance.

Engine and Mechanical Features

Ilmor engines are hand-built with forged steel crankshafts, rods, and pistons, based on a cast GM 454 block but extensively engineered for durability and power. The engines utilize multiple closed cooling systems with glycol-based coolant and heat exchangers to maintain optimal temperatures and reduce corrosion. Maintenance is simplified with service points and oil filters positioned for easy access, and oil change intervals set at 75 hours for the engine and 150 hours for the stern drive unit. The OneDrive's hydraulic clutch and electromagnetic relays provide smooth operation, and the system’s design allows Formula’s paint finish to extend seamlessly onto the upper unit.

Exterior Design and Deck Features

The 370SS presents a striking profile with John Adams-designed lines and a painted hull. The stern area includes shore power, cable TV, telephone, and water hookups, along with a freshwater shower for convenience. The aft-facing transom seat converts into a large sun pad with storage lockers beneath for cockpit tables, cushions, and fenders. The cockpit features a Corian-topped console with storage, a trash can, and a cold water wet bar sink with fold-down faucet, all neatly concealed under lids. A 2.3 cubic foot Isotherm drawer-style refrigerator is integrated into a curved front cabinet. The U-shaped cockpit lounge includes a dual-height, two-piece Corian table that converts into a sun pad with filler cushions. Helm seating is comfortable and versatile, with separate fold-up seats and integrated air conditioning vents. Access to the foredeck is provided by sturdy centerline steps with grab handles, leading to a bow hatch housing a Lumar electric windlass and a polished stainless Bruce anchor with 150 feet of chain stowed in a molded tub.

Helm and Electronics

The helm is ergonomically designed with white-faced analog Ilmor gauges, including dual fuel gauges flanking a compass, a central speedometer, and tachometers below. A 12-inch Raymarine Axiom Pro display is mounted to port, while the Ilmor Merlin digital dashboard on starboard offers a programmable touchscreen interface with diagnostic capabilities and detailed joystick functionality readouts. Controls for the joystick, Bennett trim tabs, and engine throttles are conveniently positioned to starboard, alongside rocker switches for lighting and electrical systems. Communication and entertainment systems, including stereo, VHF radio, and 12-volt receptacles, are integrated into the lower helm panel.

Interior Living Spaces

Below deck, the forward cabin features a wraparound settee that converts into a berth with a dual-height, three-piece gloss finish table, creating a comfortable dining or lounging area. The flat-screen television with Blu-ray player is easily visible and mounted on the electrical panel door. The compact galley is well-appointed with ample cabinetry, a microwave, a Kenyon Seagull burner cooktop, an under-mounted stainless steel sink with a stylish faucet, and Corian countertops. Dedicated glass storage is illuminated with blue LED lighting, and soft-close drawers with dovetail joinery enhance functionality. Additional amenities include a cedar-lined hanging locker with stereo controls, a galley refrigerator, and a central vacuum system with hose storage.

Private Accommodations and Head

The wet head serves as a stand-up shower and includes an electric flush toilet, stainless steel sink with modern fixtures, an opening port light, and storage both in the vanity and a mirrored overhead cabinet. The aft cabin, located behind the companionway stairs, offers a queen-size berth with crawl-in height, storage cubbies at the foot of the berth, and a flat-screen television, providing a private and comfortable sleeping area.

Conclusion

The Formula 370SS exemplifies high-quality craftsmanship and thoughtful design, delivering the performance and handling expected from the Formula brand. The integration of twin 483 horsepower Ilmor 7.4 liter engines with the OneDrive stern drive system enhances the boat’s capabilities, providing robust power, reliability, and ease of maintenance. With its versatile layout, premium finishes, and comprehensive features both above and below deck, the 370SS stands out as a well-executed cruiser suitable for a range of boating activities.

Rating: 4.5 out of 5

Overview from around the web 2004 Formula 370 Super Sport

The 2004 Formula 370 Super Sport has garnered positive reviews from customers who appreciate its blend of performance and luxury

Owners rave about the powerful twin-engine setup, delivering exhilarating speed and a stable ride, making it perfect for both leisurely outings and thrilling adventures on the water. The boat's sleek design and impressive build quality often receive high praise, with many noting its impressive handling and maneuverability. Additionally, the spacious cockpit and well-appointed interior are highlights, providing ample seating and comfort for family and friends. Customers frequently mention the high-quality materials used in the construction and upholstery, contributing to a luxurious feel. Overall, the Formula 370 Super Sport is recognized as a reliable and stylish choice for boating enthusiasts, delivering an exciting on-water experience coupled with the comforts one would expect from a premium vessel.

The Biggest Pros and Cons

Pros

Performance: The 2004 Formula 370 Super Sport is powered by high-performance engines, delivering impressive speed and acceleration on the water. Its hull design ensures a smooth and stable ride even in rough conditions.

Stylish Design: The Formula 370 features a sleek and modern aesthetic, complete with classic Formula elements. Its sporty lines and luxurious details make it a head-turner at the marina.

Spacious Interior: The cabin is designed for comfort, accommodating friends and family with ample seating and sleeping space. It features a well-appointed galley, ample storage, and a stylish head for convenience.

Quality Construction: Formula is known for its high manufacturing standards, and the 370 Super Sport is no exception. The boat boasts solid construction, ensuring durability and longevity.

Versatility: The 370 Super Sport is perfect for both day cruising and overnight trips, allowing for a variety of activities, from water sports to relaxing outings.

Cons

Fuel Consumption: While the performance is exceptional, it comes at a cost. The 370 Super Sport can be thirsty, leading to higher fuel expenses, particularly during extended outings.

Beam Width: The boat’s width can make it challenging to handle in tight spaces or crowded marinas, particularly for less experienced boaters.

Maintenance Costs: As a performance boat with advanced features, maintenance can be more demanding and costly compared to simpler models. Owners need to be prepared for regular upkeep.

Limited Storage: While the interior is spacious, storage could be considered limited for larger groups or extended trips, especially if carrying extra gear is necessary.

Price Point: The 2004 Formula 370 Super Sport comes at a higher price range, which may not fit every budget, particularly for first-time boat buyers. This blend of performance, style, and comfort makes the 2004 Formula 370 Super Sport a compelling option for boating enthusiasts looking for an adventure on the water.

Made For

The 2004 Formula 370 Super Sport is designed for enthusiasts who crave performance, luxury, and style on the water. This vessel is perfect for those who appreciate high-speed cruising and vibrant aesthetics, making it an ideal choice for thrill-seekers and socialites alike. With its powerful twin engine setup, the Formula 370 offers exhilarating speed and impressive handling, appealing to those who love to navigate open waters with confidence. The spacious cockpit is perfect for entertaining friends and family, featuring comfortable seating, a sleek wet bar, and a convenient swim platform for easy access to the water. Also appealing to families and weekend adventurers, the interior cabin offers amenities that cater to overnight stays, including a well-appointed galley and a cozy V-berth, ensuring comfort while enjoying weekend getaways. In summary, the 2004 Formula 370 Super Sport is for boaters who value exceptional performance, luxury appointments, and a vibrant atmosphere on the water. Whether it's a day of exhilarating speed or a leisurely sunset cruise, this boat ensures a memorable experience.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2004 Formula 370 Super Sport. Enter your down payment, choose a loan term, and adjust the interest rate to see an instant payment estimate — ideal if you're calculating boat payments before you enquire. Wondering how much does a Cuddy Cabin cost in today's market, or how much does a Formula cost for similar models? This boat financing calculator helps you compare scenarios in seconds, whether you're considering used boat financing or a new purchase.
$
$
510152025
%
Principal Loan Amount$ 99,450
Total Payment$177,812.91
Monthly payment
$740.89/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2004 Formula 370 Super Sport. Enter your down payment, choose a loan term, and adjust the interest rate to see an instant payment estimate — ideal if you're calculating boat payments before you enquire. Wondering how much does a Cuddy Cabin cost in today's market, or how much does a Formula cost for similar models? This boat financing calculator helps you compare scenarios in seconds, whether you're considering used boat financing or a new purchase.
$
$
510152025
%
Principal Loan Amount$ 99,450
Total Payment$177,812.91
Monthly payment
$740.89/mo

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Meet the Broker

Address

501 Bay St.
Harbor Springs, MI 49740

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