2002 Formula 37 Performance Cruiser Boat in Deep River, CT 06417 US
Built in 2002
37 Performance Cruiser
2 Engines (2x Mercruiser)
37 feet
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Fiberglass/Reinforced
SIMPLY A BEAUTY! Here's a rare opportunity to find a gem in this 2002 Formula 37 Performance Cruiser. The boat has been kept at a full service marina and her condition is amazing. It's easy to see the pride in ownership and attention to detail in keeping this boat as clean as they come from bow to stern, including the engines and compartment that will impress even the most discriminating mechanic. Owner is moving up in size and this is your chance to own one of the most respected names in yacht building. This 37 PC perfectly blends premier comfort for extended weekend trips with the exhilarating performance that Formula is famous for. The power package is a pair of Mercruiser 496 Magnums with the proven and rugged Bravo III outdrives. Upgrades include Fusion stereo, iCom VHF and a newer, large screen Garmin GPS chartplotter. Whether you are entertaining a large crowd on the water or embarking on a long-distance cruise, this one delivers an unmatched experience. Formula has its reputation and following for a reason! Don't delay on this boat.
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
| Date | Event | Price |
|---|---|---|
| 9/22/26 | Initial price | $83,450 |
Videos from RAMarkable Yacht Sales LLC on this 2002 Formula 37 Performance Cruiser
2002 Formula 37 Performance Cruiser Video Tours
Formula 37 Performance Cruiser: BoatTEST Review
Overview
The Formula 37 PC is an upscale weekender designed with a high level of build quality and fit and finish. This model offers a blend of comfort, performance, and thoughtful features, making it well suited for weekend cruising. With a length overall of 38 feet 5 inches, a beam of 12 feet, and a draft of 34 inches, the 37 PC balances spacious accommodations with manageable handling.
Exterior Design and Cockpit Features
The stern boarding area features both a 36-inch fixed platform and a 34-inch extended platform, both surfaced with Plazdeck Teak Finish synthetic material. The extended platform is equipped with a stainless steel grab rail for safety and convenience during swimming or docking. Beverage holders flank each side, and a retractable swim step is centered below. A side-mounted pedestal base for an optional grill is located on the starboard transom, adjacent to an aft-facing seat with a sun pad base, which includes beverage holders and a stereo remote with USB connectivity. Storage is available beneath this seating. Access to the cockpit is through a 16-inch wide walkthrough with a stainless steel framed acrylic gate. A shower is mounted on the port bulkhead. The sun pad area incorporates dual flip seat backs, allowing conversion between aft-facing and forward-facing seating within the U-shaped cockpit lounge, which surrounds two removable pedestal tables. The cockpit seating demonstrates Formula’s attention to detail, featuring weather-resistant materials with a prefixed stain inhibitor, carbon fiber trim, contrast bead welding, double stitching with Tenera element-resistant thread, and custom embroidery. To port, a refreshment center with a Corian countertop includes a recessed sink, a pedestal base for a TV, a dual-voltage refrigerator below the grab rail, a trash receptacle, and the battery switch. Forward of the cockpit, a double-wide lounge with a wraparound seat back offers versatile seating options under a hardtop that stands 6 feet 11 inches above the deck. The hardtop is equipped with speakers, two opening hatches, and LED lighting. Access to the cabin is via a center-mounted sliding door.
Interior Living Spaces
Inside the cabin, the Formula 37 PC provides comfortable accommodations with a gray wash woodgrain finish and 6 feet 8 inches of headroom, creating an open and inviting atmosphere. To starboard, a relaxing sofa can be complemented with a pedestal table for dining or socializing. The galley is efficiently designed with a glass-top cabinet for stemware, a coffee garage below, ample storage, a microwave, and a concealed two-burner stove. The Corian countertop includes a recessed stainless steel sink and a trash receptacle, with a refrigerator and additional storage located beneath. Forward lies the master stateroom, accessed through twin privacy doors, featuring an island berth with storage drawers underneath. A full-length mirror on the port closet door conceals an owner's safe, and a 24-inch TV is mounted on the aft bulkhead. A mid-cabin aft of the master offers flexible use as either a sitting room or a separate cabin with a privacy curtain. The head, located at the companionway to port, includes a separate shower enclosure, a toilet, and a stainless steel sink recessed into a Corian countertop.
Power and Performance
The Formula 37 PC is powered by twin 430 horsepower Mercruiser 8.2 Mag HO ECT engines paired with Bravo 3 outdrives, though the model offers a range of ten engine options from 330 to 430 horsepower. Engine access is facilitated by an electrically actuated hatch controlled from the helm, revealing well-organized engine compartments with all checkpoints located at the front for ease of servicing. A step is provided to aid maintenance, and the center platform conceals the engine start batteries. Additional mechanical features include a 7.5 kW generator with raw water pickup, a hot water heater on the starboard side, house batteries on port, a day hatch in the deck, and two engine flush quick connects on the port bulwarks. Dockside connections include shore power, TV, phone, and city water inlets. The helm is equipped with a recessed compass to reduce glare, dual fuel gauges, a 7-inch SmartCraft display with full functionality, a Lumar chain counter, outdrive trim gauges, and a tri-data display. Controls include rocker switches, VHF horn, stereo controls, a tilt steering wheel, joystick controls for the remote spotlight and Mercury joystick piloting system, trim tab rockers with LED indicators, and Mercury digital throttle and shift controls featuring single-lever operation and engine synchronization. The wraparound windshield is supported by a stainless steel frame with a walkthrough to the bow.
Performance Metrics
During testing with twin 430 horsepower engines, the Formula 37 PC achieved a top speed of 46.5 miles per hour at 4850 RPM. The best economic cruise was recorded at 3500 RPM, corresponding to 30 miles per hour, where the boat consumed 39 gallons of fuel per hour, yielding 0.8 miles per gallon and a range of 147 statute miles while retaining a 10% fuel reserve from the total 212-gallon capacity. The boat reached planing speed in an average of 5.4 seconds with minimal bow rise, accelerated to 20 miles per hour in 10 seconds, and to 30 miles per hour in 19 seconds. Handling characteristics include a 19-degree roll into turns with a subtle slide that mitigates the sensation of being pushed outward, contributing to a balanced and confident ride. The Mercury joystick system greatly enhances low-speed maneuverability, allowing precise docking even in challenging conditions such as wind or current, making the boat accessible for operators upgrading from smaller vessels.
Conclusion
The Formula 37 PC exemplifies what a weekend cruiser should offer, combining a high level of comfort, thoughtful design, and refined fit and finish. Its versatile interior, well-appointed exterior features, and strong performance capabilities make it a compelling choice for those seeking a quality boat for leisure cruising. The advanced joystick piloting system further enhances ease of handling, particularly in docking scenarios, providing confidence for operators of varying experience levels. Overall, the 37 PC reflects Formula’s commitment to craftsmanship and functionality.
Overview from around the web 2002 Formula 37 Performance Cruiser
The 2002 Formula 37 Performance Cruiser has garnered positive feedback from customers who appreciate its blend of performance and luxury
Owners often highlight the boat's impressive speed and agility on the water, allowing for exhilarating cruising experiences. The powerful engines deliver satisfying acceleration, making it a favorite for those who enjoy spirited outings. The design of the 37 Performance Cruiser is frequently praised for its sleek lines and stylish profile, which not only enhances aesthetics but also improves handling and stability. Customers also love the spacious and well-appointed cabin that offers comfortable accommodations for day trips and weekend getaways. The intelligent layout maximizes living space, featuring a well-equipped galley, a cozy salon, and separate sleeping quarters. Furthermore, the exterior amenities are noted for their functionality and appeal, including a generous cockpit area for entertaining and relaxing. The ample seating, wet bar, and easy access to the water make it an ideal choice for socializing while out on the waves. Overall, customer reviews reflect satisfaction with the Formula 37 Performance Cruiser's ability to combine performance, comfort, and style, making it a top choice for boating enthusiasts seeking luxury on the water.
The Biggest Pros and Cons
The 2002 Formula 37 Performance Cruiser is a blend of luxury and performance, designed for those who enjoy thrilling adventures on the water. Below are some key pros and cons to consider when exploring this impressive vessel.
Pros
Performance-Oriented Design: With its sleek hull and powerful engines, the Formula 37 delivers impressive speed and maneuverability, making it suitable for both casual cruising and exhilarating sport.
Luxurious Interior: The cabin is designed with high-quality materials and finishes, boasting comfortable seating, a well-equipped galley, and ample storage. The layout maximizes space, making it perfect for entertaining or overnight trips.
Spacious Cockpit: The expansive cockpit features ample seating and a wet bar, perfect for socializing and enjoying the sun. The layout promotes seamless flow between the indoor and outdoor spaces.
Versatile Layout: The 37 Performance Cruiser offers flexible seating arrangements, allowing for intimate gatherings or larger parties. The convertible features add versatility for different occasions.
Quality Craftsmanship: Built by Formula, known for their attention to detail and superior construction, the 37 is designed to withstand the rigors of boating while providing a stylish experience.
Excellent Handling: The boat's handling is notable for its stability and responsiveness, instilling confidence whether navigating rough waters or making tight turns.
Cons
Fuel Efficiency: Like many performance cruisers, the 2002 Formula 37 may not be the most fuel-efficient option on the market. It's important for owners to consider operational costs associated with fuel consumption.
Size Limitations: While spacious for a cruiser, the 37-foot length may not be suitable for those seeking larger living quarters or extensive onboard amenities.
Maintenance Requirements: As a performance vessel, the Formula 37 may require more intensive maintenance compared to simpler models, particularly regarding engine upkeep and hull care.
Price Point: Being a high-performance luxury boat, the initial investment can be considerable. Potential buyers should assess their budget against desired features and long-term ownership costs.
Limited Storage: While the boat provides reasonable storage solutions, some users may find it lacking in certain areas, especially for extended cruising trips.
Made For
The 2002 Formula 37 Performance Cruiser is designed for discerning boaters who seek a perfect blend of luxury, performance, and versatility on the water. Ideal for both seasoned sailors and those new to the boating lifestyle, this cruiser caters to individuals and families who appreciate high-end craftsmanship and thrilling performance. With its sleek design and powerful twin engines, the Formula 37 is perfect for weekend getaways, day cruising, or entertaining friends and family. The spacious cockpit and luxurious cabin offer comfort and style, making it suitable for those who enjoy both relaxation and adventure. Whether you're an avid water sports enthusiast or simply want to unwind while enjoying stunning views, the Formula 37 Performance Cruiser meets the needs of diverse boating enthusiasts. Experience the freedom of the open water in a vessel that combines performance and elegance seamlessly.
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 2002 Formula 37 Performance Cruiser | ||||||
|---|---|---|---|---|---|---|
| Price | $83,450 | $85,000 | $89,900 | $74,900 | $70,000 | $69,900 |
| Location | Deep River | Westbrook | Middletown | Norwalk | Groton | Norwalk |
| Nominal Length | 37' | 41' | 37' | 37' | 41' | 37' |
| Engine Make | Mercruiser | Volvo Penta | Mercruiser | MerCruiser | Cummins | Mercruiser |
| Total Engine Power | 375 hp | 430 hp | 425 hp | 425 hp | 450 hp | 375 hp |
| Days on Market | 9 | 103 | 743 | 474 | 76 | 197 |
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Boat Location
Contact RAMarkable Yacht Sales LLC about 2002 Formula 37 Performance Cruiser
21 Schwab Terrace, Wallingford, CT, 06492
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