1988 Grand Banks 42 Classic Boat in Gig Harbor, WA 98335 US

$185,000

Used
builtBuilt in 1988
Year the boat was built
model

42 Classic

Boat model
engine

2 Engines (2x Ford Lehman)

Engine type and count
length

42 feet

Overall boat length
fuel

Diesel

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
42ft
Length Overall
42ft
Beam
13.58ft
Drive Up Draft
4.17ft
Displacement
37400lb
Cabins
2
Heads
2
Fresh Water Tanks
300gal
Fuel Tanks
600gal
Holding Tanks
50gal
Windlass
electric-windlass
Hull Material
fiberglass
Engine 1
Engine Make
Ford Lehman
Engine Model
SP135
Total Power
135hp
Engine Hours
7069
Engine Type
inboard
Fuel Type
diesel
Engine Year
1988
Drive Type
direct
Engine 2
Engine Make
Ford Lehman
Engine Model
SP135
Total Power
135hp
Engine Hours
7063
Engine Type
inboard
Fuel Type
diesel
Engine Year
1988
Drive Type
direct
Electric Head
Heating
Battery Charger
Depthsounder
Radar
Radio
Compass
Gps
Vhf
Ais
Shore Power Inlet
Generator
Inverter
Disclaimer

Helm Electronics:

  • All new electronics in 2018.
  • Upper and Lower Helm: Garmin GPSMAP 7610XSV large color touch screen display shows any combination of GPS coordinates, chartplotter, AIS, speed, engine room camera, back up camera, flir camera, radar, depth, fish finder, etc. (New in 2018).
  • Upper and Lower Helm:  Smaller color touch screen display shows any combination of GPS coordinates, chartplotter, AIS, speed, engine room camera, back up camera, flir camera, radar, depth, fish finder, etc. (New in 2018).
  • Flir M232 Seaview infrared night viewing camera system (New in 2018).
  • Garmin GMR 18 Fantom Dome Radar (New in 2018).
  • Exhaust alarm system with remote panel (New in 2018).
  • Magnum inverter battery control monitor (New in 2018).
  • KJM C-30 mini bullet back up camera (New in 2018).
  • Professional Mariner 3 position battery monitor.
  • Pro-Mariner charger status and control panel.
  • Garmin GC-10 engine room camera (New in 2018).
  • ProSafe galvanic Isolator at aft plug in (New in 2018).
  • Failsafe galvanic Isolator at forward plug in (New in 2024).
  • Robertson autopilot with remote on flybridge.
  • Robertson rudder indicator at upper helm.
  • Upper and Lower Helm: 5” Danforth Constellation compass.
  • Signet Landmark multi-function display for speed, depth, temp, trip log, etc. which is separate and serves as a backup to the Garmin system.
  • Espar furnace control thermostat.
  • Fireboy engine fire suppression system monitor panel and shutdown.
  • TankWatch holding tank monitor.
  • 12v system ammeter and volt meter.
  • Newmar 3 station intercom.
  • Ideal windlass control panel.
  • Upper and Lower Helm: Ideal windlass control panel.
  • Pantograph ADI wipers with Imtra intermittent 3 speed controls (New wipers, motors, controls in 2015).
  • Teak rimmed destroyer wheel at lower helm. Stainless steel rimmed destroyer wheel at upper helm.
  • Custom turned wood gear and throttle knobs.
  • ICOM VHF with remote Comman Mic on flybridge.
  • Class B AIS receiver.
  • Grand Banks warning light panels at upper and lower helms. (New LED lights in 2025).
  • Single Flamm trumpet air horn.
  • Shakespeare VHF antenna.
  • Morad Electronics dedicated AIS antenna.

Electrical Systems:

  • 8 kw Onan MDKD generator.
  • Magnum ME3112 3100 watt inverter/charger (New in 2018). Separate dedicated AGM battery bank and disconnect switch for inverter system.
  • Inverter Batteries: Four Optima AGM 12v batteries (New in 2025).
  • Crossover switch under helm to tie inverter bank to house bank.
  • House/Start Batteries: Four Centennial 6v AGM batteries rated at 335 AH@20HR (New in 2021).
  • Pro-Mariner smart battery charger with monitor at helm.
  • Balmar 60 series 70 amp output alternators (New in 2013).
  • Balmar MC-614 multi-stage voltage regulators (New in 2013).
  • One Full River 12v AGM generator dedicated start battery (New in 2020).
  • Polarity indicator.
  • GFCI protected outlets.
  • AC/DC breaker panels.
  • Voltage and amp gauges.
  • SmartPlug cord plug with SmartPlug connections at bow and stern (New in 2015)
  • 30 amp shore power cord.
  • Wired bonding system (New in 2025).
  • All lighting has been replaced with LED bulbs or fixtures.
  • 12v spreader lights on the mast.

 

 

Galley:

The galley is located along the port side of the salon, opposite the lower helm station, and provides generous storage and meal preparation area for the cruising chef.

  • Princess 3 burner electric cooktop with oven.
  • Stove exhaust vent with stainless shield.
  • Grunert holdover plate refrigerator with traditional GB teak door and dedicated temp gauge.
  • Grunert holdover plate freezer with dedicated temp gauge. Holdover plate units maintain stable box temperature for up to 24 hours without connecting to shore power or running the generator.
  • Deep stainless steel sink allows easy cleanup.
  • Upper cabinetry, dishware well, custom wine glass rack, under sink cabinet, pull-out garbage bin and 5 drawer to securely store supplies out of the line of sight, yet convenient to access.
  • Panasonic 950 watt microwave.
  • U-line icemaker.
  • Dry bar with glass and bottle storage.
  • Propane rail mounted BBQ.

Plumbing Systems:

  • Sea Recovery SRC 16 gph water maker with 517 hours.
  • Stainless steel water tanks (New in 2017).
  • Marco UP6/E variable speed freshwater pump (New in 2024).
  • Raritan 12 gallon water heater.
  • Tecma electric head forward.
  • Groco manual head aft.
  • Aft deck hose washdown and separate hot and cold shower.
  • Macerator (New in 2020).

Mechanical and Engine Systems:

  • Twin Ford Lehman 2725E SP135’s with 7070 hours.
  • Fuel injectors replaced and calibrated in 2023.
  • Valve cover gaskets replaced in 2023.
  • 1 1/2” stainless Aquamet 22 shafts with traditional shaft seals (New in 2017, repacked in 2021).
  • 3 blade 26x21 bronze props cleaned and balanced in 2019.
  • Full set of spare hoses (New in 2024).
  • Espar forced air diesel furnace.
  • Dual Racor 500 FG fuel filters with alternating switch and vacuum gauges serving each main.
  • Borg Warner model 10-14 Velvet Drive transmissions.
  • Engine room exhaust blowers.
  • Cable steering with emergency tiller.
  • Adler Barbour air and water cooled compressors for refrigerator and freezer.
  • Fireboy automatic Halon engine room fire suppression system with remote helm control and monitor.
  • Dual fuel tanks with transfer piping, sight gauges and inspection ports.  
  • Bright LED lighting throughout engine room.

Deck and Hull Equipment:

  • Fiberglass semi displacement hull.
  • Teak decks.
  • Forward and aft escape hatches.
  • Electric hoist with winch.
  • Lofrans Tigres electric windlass with 3 station controls: bow pulpit and each helm.
  • Bruce anchor with 290’ of 3/8” chain rode secured to vessel with cutaway line at bitter end.
  • 600’ polypropylene shore tie line reel mounted to aft rail stanchions with removable reel.
  • Shore power connections at bow and stern.
  • Viking Standard mast-mounted tri-lens radar reflector.
  • 6:1 block and tackle rigging for raising and lowering the mast.
  • Custom stainless steel mast and boom cradle.
  • Custom stainless steel bimini cradle.
  • Hot and cold cockpit shower.
  • Full canvass (new or repaired all existing in 2020) including rails, transom, front and rear flagpoles, port and starboard running lights, windlass, front hatch, aft hatch, bimini top, upper helm station.
  • White mesh exterior shade screens for operable windows and portlights.
  • Grand Banks emergency tiller.
  • 12 volt spreader lights on the mast.
  • 10 year battery CO/smoke detector in each stateroom.
  • Handheld fire extinguishers in engine room, each stateroom, galley, flybridge.
  • Teak swim step with stainless and teak boarding ladder.
  • Full complement of lines and fenders.
  • Bottom and running gear painted in December of 2023. As of 6/24/26, Dave’s Dive Service reported that “bottom paint remains in good condition”.

Specifications:

  • Horsepower: 270 HP at 2500 rpm.
  • Cruising Speed: 8 knots at 1800 rpm (3 gph).
  • Max Speed: 13 knots.
  • Hull Length: 42’7”
  • Length at Water Line: 40’9”
  • Length overall: 47’7”
  • Beam:13’7”
  • Draft: 4’7”
  • Displacement: 37,000#
  • Bridge clearance (mast up): 23’
  • Clearance (mast down): 18’2”

Tankage: 

  • Fuel: 600 gallons. Sight tube gauges. Low test drain. Transfer piping and valves.
  • Water: 270 gallons. Transfer piping and valves. New stainless steel tanks in 2017.
  • Black Water: 50 gallons with macerator.

Tender: 

  • 10’ Achilles HB-310AX dinghy (new in 2018).
  • Aluminum vee bottom.
  • Low lift sling kit for use with davit.
  • Tohatsu 20EFI four stroke dinghy motor (new in 2018).

Exclusions: 

  • Framed photos and art.
  • Paddleboard with rack.

 

Price History

DateEventPrice
8/23/26Initial price$185,000

Contact NW Yachtnet Gig Harbor

3419 Harborview Dr., Gig Harbor, WA, 98335

Overview from around the web 1988 Grand Banks 42 Classic

The 1988 Grand Banks 42 Classic has garnered a loyal following among boating enthusiasts, and customer feedback highlights several key attributes that make this vessel a standout in its class

Owners often praise the Grand Banks 42 Classic for its exceptional craftsmanship and attention to detail. The solid construction and traditional design are frequently noted, giving it a timeless appeal that resonates with both experienced sailors and newcomers alike. Many appreciate the boat's stability and seaworthiness, making it suitable for longer journeys and capable of handling various sea conditions with ease. The spacious interior layout is a common highlight, with ample living space and well-appointed amenities. Customers have expressed satisfaction with the comfort of the cabins and the inviting saloon area, perfect for relaxing or entertaining guests. The classic teak woodwork and thoughtfully designed galley further enhance the onboard experience. Additionally, the fuel efficiency of the Grand Banks 42 Classic is often mentioned, with many owners enjoying extended cruising ranges without frequent refueling stops. This financial benefit, combined with its reliable diesel engines, reinforces the boat's reputation as a practical choice for both leisure and adventure. Overall, customers of the 1988 Grand Banks 42 Classic tend to share a sense of pride in ownership, highlighting the boat's ability to provide memorable experiences on the water, along with the peace of mind that comes from its robust design and reliable performance.

The Biggest Pros and Cons

Pros

Timeless Design: The Grand Banks 42 Classic features a beautiful trawler design that has stood the test of time, offering both elegance and functionality.

Spacious Interior: With a roomy layout, this model provides ample space for living and entertaining. The salon and galley are well-appointed, making it ideal for both short getaways and extended voyages.

Excellent Build Quality: Known for their quality craftsmanship, Grand Banks boats are built to last. The solid fiberglass hull and sturdy construction ensure durability and seaworthiness.

Fuel Efficiency: Powered by efficient diesel engines, the Grand Banks 42 Classic offers economical cruising with lower fuel consumption compared to larger motor yachts.

Stability and Comfort: The boat's design promotes excellent stability, providing a smooth ride even in rougher waters, making it perfect for cruising.

Strong Resale Value: Grand Banks boats have a good reputation and tend to hold their value well, making them a sound investment for boaters.

Versatile Use: Whether you're looking for a comfortable liveaboard, a reliable cruiser, or a boat for both leisure and fishing, the Grand Banks 42 Classic meets various needs.

Cons

Age of the Vessel: Being a 1988 model, some systems and components may require updates or replacements, which could involve additional costs.

Cost of Maintenance: While the build quality is high, older boats may need more frequent maintenance and repairs, leading to increased upkeep costs.

Traditional Layout: While the classic design appeals to many, some may find the interior layout less modern compared to contemporary boats that feature open-plan designs.

Limited Speed: As a trawler, the Grand Banks 42 Classic is not built for speed. It is ideal for leisurely cruising but may not be suited for those looking to travel quickly between destinations.

Draft and Height: The boat's draft and height may limit access to certain shallow or low-clearance areas, which can be a consideration for some cruising routes.

Less Accommodation: While spacious, the sleeping arrangements may be limited for larger groups compared to modern boats with multiple cabins.

Made For

The 1988 Grand Banks 42 Classic is ideally suited for boaters who appreciate the perfect blend of timeless elegance and rugged functionality. This classic trawler is designed for those who enjoy long-distance cruising without compromising on comfort and style. Retired couples looking to explore coastal waters or spend extended time on board will find the spacious interior and well-thought-out layout especially appealing. Families can benefit from the ample living space, allowing everyone to relax and enjoy time together while at sea. The classic design also attracts boating enthusiasts who appreciate craftsmanship and quality. With its solid construction and reliability, this vessel is for those who value a boat that can withstand the test of time while delivering a smooth and enjoyable cruising experience. Whether you’re planning leisurely weekend getaways or embarking on longer voyages, the 1988 Grand Banks 42 Classic is a versatile choice, blending tradition and modern conveniences for an unforgettable boating experience.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1988 Grand Banks 42 Classic. 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 Trawler cost in today's market, or how much does a Grand Banks 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$ 157,250
Total Payment$281,157.16
Monthly payment
$1,171.49/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1988 Grand Banks 42 Classic. 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 Trawler cost in today's market, or how much does a Grand Banks 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$ 157,250
Total Payment$281,157.16
Monthly payment
$1,171.49/mo

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LocationGig HarborPortlandGig HarborSequimGig HarborPoulsbo
Nominal Length42'46'42'42'32'42'
Engine MakeFord LehmanDetroitVolvo PentaAmmarine/John DeereLEYLANDFord Lehman
Total Engine Power135 hp500 hp306 hp120 hp165 hp120 hp
Days on Market196532819218198
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3419 Harborview Dr.
Gig Harbor, WA 98335

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