1984 Beneteau First 38.5

$19,900

Used

Boat in Humacao US

builtBuilt in 1984
Year the boat was built
model

First 38.5

Boat model
engine

1 Engine (YANMAR)

Engine type and count
length

38 feet

Overall boat length
fuel

Diesel

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
38ft
Length Overall
38ft
Beam
12.67ft
Max Draft
6ft
Fresh Water Tanks
125gal
Fuel Tanks
35gal
Hull Material
fiberglass
Engine 1
Engine Make
YANMAR
Engine Model
3JH3E
Total Power
40hp
Engine Type
inboard
Fuel Type
diesel
Overview


For Sale: 1984 Beneteau First 38.5 – Elegant Offshore Cruiser & Racer


Currently berthed in Puerto Rico.

Step into a world of classic yachting sophistication with this beautifully maintained 1984 Beneteau First 38.5. Famed for her powerful offshore performance and timeless lines, this vessel embodies the perfect blend of French craftsmanship, comfort, and bluewater capability. Whether you’re seeking exhilarating ocean passages, memorable family cruises, or a lucrative charter opportunity, this yacht is ready to deliver unforgettable adventures.


A Proven Bluewater Performer

The Beneteau First 38.5 has been celebrated for its robust construction, responsive handling, and versatility at sea. Designed to accommodate up to eight crew members in comfort, she is equally at home racing offshore as she is exploring secluded anchorages or entertaining guests dockside. Her fin keel and balanced sail plan provide a stable, confident ride, while her elegant profile turns heads in every harbor.


Key Specifications

  • Year: 1984
  • Model: Beneteau First 38.5
  • Length Overall: 40.19 ft
  • Beam: 12.8 ft
  • Maximum Draft: 6.89 ft
  • Hull: Fin keel
  • Engine: Yanmar 3JH3E diesel, 40 HP (installed new in 2011)


Recent Upgrades & Maintenance

This yacht has benefited from a thoughtful program of upgrades and ongoing maintenance, ensuring reliability and peace of mind for her next owner:

  • New pumps throughout for optimal onboard systems performance
  • 100-watt solar panels[2) with an advanced solar regulator for sustainable cruising
  • New water pump for fresh water reliability
  • New AGM house and start batteries (2024) for dependable power
  • Windows professionally resealed for a watertight, bright interior
  • New impellers and anchor locker freshly painted
  • Mast resealed for structural integrity
  • New main sheet (2018) for enhanced sail handling
  • Topside professionally painted (2018), presenting a gleaming, classic finish
  • Shore power charger included (not yet installed), ready for dockside convenience


On Deck & Under Sail

The spacious cockpit is designed for both relaxation and control, featuring a removable sole for easy engine access—a rare and valuable feature for maintenance. The yacht’s responsive helm and balanced design make her a joy to sail, whether short-handed or with a full crew. Her fin keel ensures excellent upwind performance and stability, while her robust rig and hardware are ready for extended passages.


Interior Elegance & Comfort

Below deck, the First 38.5 welcomes you with a warm, inviting saloon framed by a cutaway bulkhead—a hallmark of Beneteau’s timeless design. The layout is both practical and luxurious, offering generous seating, a well-equipped galley, and ample storage for long-term cruising. Accommodations for up to eight ensure comfort for family, friends, or charter guests. The interior woodwork and finishes have been lovingly maintained, creating a space that is both functional and beautiful.


Cruising Gear & Extras

  • Dinghy included, plus a reliable 9.9 HP outboard—ideal for exploring remote anchorages or quick trips ashore
  • Comprehensive safety and navigation equipment for peace of mind
  • Shore power charger (included, not yet installed) for flexible power options
  • New AGM batteries and solar panels for off-grid capability

Flexible Financing

Seller financing is available, making this exceptional yacht accessible to qualified buyers and opening the door to your next adventure with ease.


A Rare Opportunity

This 1984 Beneteau First 38.5 is more than just a sailboat—it’s an invitation to experience the freedom and elegance of life at sea. Meticulously cared for and thoughtfully upgraded, she is ready to embark on new journeys with her next owner. Whether your dreams include bluewater passages, competitive racing, or leisurely island-hopping, this yacht is equipped to exceed your expectations.


Call today!


Yachting Select is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Engel & Völkers Yachting. 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

Price History

DateEventPrice
5/1/26Initial price$19,900

Contact Panacea Yacht Group

Overview from around the web 1984 Beneteau First 38.5

The 1984 Beneteau First 38

5 has garnered positive feedback from boat owners and sailing enthusiasts alike. Here’s what customers are saying: Performance: Many users praise the First 38.5 for its excellent sailing performance. Its responsive handling and good speed make for thrilling sailing experiences, whether cruising or racing. The well-designed hull enables it to slice through waves, providing a stable ride even in challenging conditions. Comfort and Space: Customers appreciate the spacious interior layout, which features a comfortable living area and functional galley. The yacht's design allows for ample storage and a cozy atmosphere, making it ideal for both short trips and extended cruising. The three-cabin configuration is also highlighted for accommodating families or groups of friends comfortably. Build Quality: Owners often commend the solid construction of the Beneteau First 38.5. Its strong fiberglass hull and overall durability give a sense of confidence while out on the water. Many users find that, despite its age, the craftsmanship has stood the test of time, with boats remaining in great condition and requiring minimal repairs. Versatility: Enthusiasts note the versatility of the First 38.5, considering it suitable for a variety of sailing activities, including weekend getaways, club racing, and longer voyages. The well-balanced sail plan provides flexibility for different wind conditions, making it a favored choice among various sailing styles. Overall, the 1984 Beneteau First 38.5 receives high marks in terms of performance, comfort, and durability, making it a cherished choice for many sailors.

The Biggest Pros and Cons

The Beneteau First 38.5, a classic model from 1984, is well-regarded for its blend of performance and comfort. Here’s a breakdown of the pros and cons:

Pros

Performance: The First 38.5 is known for its solid sailing capabilities, offering a balanced design which provides good speed and maneuverability, making it a great choice for both cruising and racing.

Build Quality: As a product of Beneteau, this model boasts robust construction. Many owners praise the solid fiberglass hull and overall craftsmanship, contributing to longevity.

Spacious Interior: The layout offers ample living space with good headroom, providing comfortable accommodation for longer passages. The design includes a large saloon, a well-equipped galley, and plenty of storage.

Versatile Design: Equipped with a fin keel and spade rudder, it offers a responsive sailing experience while maintaining a reasonably balanced stability in various conditions.

Classic Appeal: The Beneteau First 38.5 has a timeless aesthetic that appeals to sailing enthusiasts. Its classic lines and traditional finishes can attract those looking for a boat with character.

Cons

Age-Related Maintenance: Being a boat from 1984, some models may require more frequent maintenance and updates to systems (such as rigging, electronics, and plumbing) compared to newer vessels.

Weight Considerations: While the construction is solid, the weight may be a drawback for those seeking ultra-light performance. It may not perform as well in light winds compared to lighter modern racing designs.

Limited Modern Amenities: Depending on the specific model and any renovations made, some features may not meet the expectations of modern boaters, such as advanced navigational systems or more contemporary interior finishes.

Less Storage for Gear: While the interior is spacious, some owners note that the lack of dedicated storage for sailing gear can become an inconvenience during extended voyages.

Resale Market: As with many older boats, resale value can be a concern. The market for 1980s models can be niche, potentially affecting the ease of selling the boat down the line.

Made For

The 1984 Beneteau First 38.5 is ideally suited for sailing enthusiasts seeking a blend of performance, comfort, and classic design. This vessel is perfect for those who appreciate a well-balanced sailboat that can handle both coastal cruising and competitive racing. With its spacious interior, it appeals to families and groups looking for a comfortable retreat on the water, featuring amenities that prioritize both functionality and style. The generous cockpit allows for easy entertaining and relaxation, making it an excellent choice for weekend getaways or longer voyages. Experienced sailors will find the First 38.5 provides a thrilling sailing experience, with responsive handling and a robust hull that performs well in various conditions. Whether you are an avid racer or a leisure sailor, this model offers the versatility to meet a range of sailing needs. If you’re looking for a well-crafted boat with a storied pedigree and a focus on sailing performance, the 1984 Beneteau First 38.5 is an exceptional choice.

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