2003 Formula 40 Performance Cruiser Boat in Kemah, TX 77565 US
Built in 2003
40 Performance Cruiser
2 Engines (2x YANMAR)
42 feet
Diesel
Fiberglass/Reinforced
"Wine Down"
This 2003 Formula 40 PC pairs the offshore performance and build quality that define Formula's Performance Cruiser series with a documented history of mechanical care.
Twin Yanmar 6LY2A-STP 440 HP diesels - just over 1,000 hours - deliver strong, efficient cruising, with a comfortable cruise in the mid-20-knot range and a top end near 29 knots.
The current owners have invested steadily in the systems that matter most. A brand-new air conditioning system was installed in May 2026 - a meaningful upgrade for Gulf Coast summers. Both engine oil coolers were replaced in 2018, the raw-water pumps have been renewed, the starboard turbocharger was replaced in 2023, and the starboard main heat exchanger was professionally removed and cleaned. The 5.0 kW Westerbeke generator received a new generator end in 2021. The bottom was done in 2023, and a factory Formula cover was purchased new the same year.
On deck, a hydraulic swim platform makes water access and boarding effortless, and a bow thruster takes the stress out of tight-slip and cross-wind docking.
The cockpit offers U-shaped seating with a removable table, a wet bar with sink and ice maker, and a painted aluminum radar arch with bimini top. The helm seats captain and guests behind a three-sided Taylor-made stainless windshield with an opening center section to walk to the bow safely.
Below decks she offers an open floor plan, one-head layout: a forward master with queen berth, an mid cabin that converts to a double, a full-beam salon with convertible dinette, and a galley finished with Corian-style counters, a ceramic cooktop, microwave, and refrigerator/freezer. Blue LED accent lighting sets the mood. The interior wall coverings are ready for refresh - an easy opportunity for the next owner to make the cabin their own.
Repainted in her distinctive Bahama Blue, this Formula 40 PC is a striking, capable Gulf Coast cruiser with the major mechanical updates already handled.
Updated photos and videos soon.
Engine and generator hours are as of the date of the original listing and are a representation of what the listing broker is told by the owner and/or actual reading of the engine hour meters. The broker cannot guarantee the true hours. It is the responsibility of the purchaser and/or his agent to verify engine hours, warranties implied or otherwise and major overhauls as well as all other representations noted on the listing brochure.
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 |
|---|---|---|
| 7/20/26 | Initial price | $134,900 |
2003 Formula 40 Performance Cruiser Video Tours
Formula 40 Performance Cruiser: BoatTEST Review
Overview
The Formula 40 PC exemplifies the qualities that distinguish an upscale yacht from an average one. Designed with functionality and premium craftsmanship in mind, this model offers a blend of innovative features and thoughtful details that enhance both comfort and usability on the water.
Exterior Design and Cockpit
A standout feature of the Formula 40 PC is its versatile stern section, which significantly enhances the boat's functionality. The stern sunpad is equipped with twin backrests that lock into three distinct positions, allowing it to serve as an aft-facing chaise lounge for sunbathing, an aft-facing seat when at anchor, or additional forward-facing seating for the cockpit. The sunpad lifts on gas shocks to reveal storage space containing a remote control for the swim platform, which doubles as a tender or personal watercraft platform. Also stored here are filler cushions for the U-shaped cockpit seating and cocktail tables, all secured in dedicated cutouts. The cockpit seating is upholstered in Nautilex marine vinyl and includes storage compartments beneath. The cockpit area features flush-mounted stainless steel drink holders and a stereo remote control for convenience. Moving forward, the bow is easily accessible via a walk-through windshield, with ample handholds and a solid, non-skid deck that resists flexing, reflecting the build quality typical of premium yachts.
Interior Living Spaces
Inside, the galley is thoughtfully arranged on the port side, featuring a coffee docking station and generous countertop space measuring approximately 29.5 by 30 inches. The galley includes a two-burner electric stove with a safety micro switch that automatically shuts off when the lid is closed, a 5.2 cubic foot refrigerator, and a 1.8 cubic foot freezer. The cabinetry showcases dovetail joinery on all drawers, a hallmark of quality craftsmanship. The main cabin benefits from three port lights that provide natural light and ventilation. Privacy is enhanced by an innovative lighting system with dimmable uplights and adjustable covers that direct light downward, surpassing the typical curtain solutions found on many boats. Additional interior features include cedar-lined lockers behind mirrored hatches and a port-side cabinet containing a privacy safe and dovetailed drawers that retract smoothly when closed.
Private Accommodations
The forward berth offers ample storage with two pull-out drawers beneath the bed, incorporating the same automatic retraction mechanism as other drawers on board. Overhead, a hatch provides natural light, ventilation with a sliding screen, and serves as an emergency escape route. The aft cabins stand out as particularly comfortable spaces, furnished with ultra-leather seating and equipped with a 19-inch LCD television on the port side. These cabins include substantial storage, including dedicated compartments for pedestals that convert the space into additional berths. The cabins provide about five feet of overhead clearance, with a sole extension that allows occupants to stand naturally without head clearance issues.
Conclusion
The Formula 40 PC by Formula demonstrates a clear commitment to upscale design and functionality. From its adaptable stern sunpad and solid deck construction to its well-appointed galley and comfortable private accommodations, this yacht offers a premium boating experience. The attention to detail in storage solutions, lighting, and materials underscores the difference that quality craftsmanship makes in a cruiser of this class.
Overview from around the web 2003 Formula 40 Performance Cruiser
Customers consistently praise the 2003 Formula 40 Performance Cruiser for its impressive blend of style, performance, and comfort
Many appreciate its sleek design, which not only exudes elegance but also enhances its aerodynamic efficiency on the water. Owners often highlight the powerful twin engines that provide exceptional speed and agility, making it a joy to navigate both calm and challenging waters. The performance cruiser is noted for its stability, whether cruising at high speeds or anchored for a relaxing day with family and friends. Inside, the spacious cabin garners positive feedback for its luxurious appointments and thoughtful layout. The well-equipped galley, comfortable sleeping quarters, and stylish lounge area make it an ideal choice for weekend getaways or longer excursions. Many customers emphasize how the Formula 40 combines practicality with a touch of luxury, creating a welcoming atmosphere for entertaining or simply enjoying a day at sea. Safety features and ease of handling are often mentioned, as owners feel confident maneuvering this vessel, even in tight spaces. Overall, the 2003 Formula 40 Performance Cruiser receives high marks for its commitment to quality, performance, and on-the-water enjoyment.
The Biggest Pros and Cons
2003 Formula 40 Performance Cruiser: Pros and Cons
Pros
Performance-Oriented Design: The Formula 40 is designed for speed and agility, boasting powerful engines and a stable hull that enhances performance on the water. This makes it ideal for thrill-seekers and enthusiasts who appreciate a responsive handling experience.
Spacious for Socializing: The layout of the Formula 40 provides ample space for entertaining guests. With comfortable seating and a well-designed cockpit, it’s perfect for hosting gatherings or spending quality time with family and friends.
Quality Craftsmanship: Formula is known for its attention to detail and high-quality materials. The build quality of the 2003 model reflects this reputation, resulting in a vessel that is both durable and aesthetically pleasing.
Luxurious Cabin: Below deck, the Formula 40 features a well-appointed cabin with modern amenities, including a galley and comfortable sleeping arrangements. This provides a great balance of comfort and performance, making it suitable for weekend getaways.
Versatile Use: Whether you’re interested in leisurely cruising, water sports, or fast-paced adventures, the Formula 40 adapts well to various boating activities, making it a versatile choice for a range of boaters.
Cons
Fuel Consumption: Performance-oriented boats like the Formula 40 tend to consume fuel at a higher rate, especially when pushed to their limits. This can be a consideration for those who plan extensive outings.
Cost of Ownership: As with many performance cruisers, maintenance and insurance costs can be higher compared to more traditional cruisers. Prospective owners should budget accordingly for upkeep.
Not Ideal for Shallow Waters: The deep-V hull design enhances performance in open waters but may limit access to shallower areas, affecting where you can explore or dock.
Limited Storage: While the Formula 40 offers a spacious layout, some users may find the storage options limited for extended trips, especially if packing for larger groups.
Steep Learning Curve: For novice boaters, managing the power and agility of the Formula 40 can be a bit daunting. It’s recommended that new owners gain experience handling performance boats to fully enjoy what the vessel has to offer.
Made For
The 2003 Formula 40 Performance Cruiser caters to a wide range of boating enthusiasts seeking a perfect blend of luxury, performance, and utility on the water. Ideal for those who enjoy thrilling speed combined with elegant comfort, this vessel appeals to both seasoned mariners and newcomers alike. Families and groups looking to spend quality time on the water will appreciate its spacious layout, offering ample seating and sleeping accommodations. The design is perfect for weekend getaways or longer excursions, providing the comforts of home with a fully-equipped galley and inviting salon area. For adventurous souls, the powerful twin engines deliver impressive performance, making it suitable for those who crave speed and excitement while cruising or participating in water sports. Whether you're an avid boater or simply want to enjoy leisurely outings with friends and family, the 2003 Formula 40 Performance Cruiser is crafted to meet diverse needs without compromising on style or functionality.
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1515 SE 17th Street, Suite 125, Fort Lauderdale, FL, 33316
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