1970 Cheoy Lee

$55,000

Used

Boat in Newburyport US

builtBuilt in 1970
Year the boat was built
model

--

Boat model
engine

1 Engine (Perkins)

Engine type and count
length

39 feet

Overall boat length
fuel

Diesel

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
39ft
Length Overall
39ft
Beam
10.58ft
Max Draft
6ft
Cabins
3
Fresh Water Tanks
100gal
Fuel Tanks
30gal
Hull Material
fiberglass
Engine 1
Engine Make
Perkins
Engine Model
4-107
Total Power
40hp
Engine Type
inboard
Fuel Type
diesel
Overview

MIST – The Cheoy Lee Offshore 40’s were promoted as a cruising yacht of high quality and construction, combining the best features of the beefy fiberglass hull with the craftsmanship evident in the exquisite teak trim, decks, and joinery work. They were also known as the Empire 40 and a variant of the Rhodes Reliant 41, all built by the same builder. Although crafted from the same basic design, the Offshores have an iron vs. a lead ballast and other differences in construction details. MIST is powered by a 40 hp Perkins 4-107 (overhauled in 2018) with an est. 1500 hours, a battened Mainsail w/cover, Furling Genoa, Spinnaker w/pole, and a Storm Jib. She is equipped with a VHS, GPS, compass, autopilot, radar, radar detector, plotter, depthsounder, and wind meter. On deck, she has a fully enclosed teak cockpit with bimini and table/cushions, aft deck, and swimming ladder. Below decks, she comfortably sleeps 5, with a V-berth forward, aft cabin, convertible settee, a nav station, and marine head. The Galley features a propane stove & oven, microwave, a new refrigerator with ice box, H/C water, and ample storage throughout. Several upgrades include new teak decks, new stanchions, lifelines, and chainplates. 

MIST is an example of a well-loved classic, built for easy handling and comfort. Survey available upon request. Call NOW to schedule a showing.


A little bit about the Cheoy Lee Shipyard:

Cheoy Lee Shipyard has been owned and operated by the same family for more than a century. They started out producing steam-powered vessels in Shanghai, China, expanded, and moved to just outside of Hong Kong in 1936. By the mid-1950’s the shipyard diversified into the production of teak sailing and motor yachts, with a focus on pleasure craft. By mid-1960's a they were known as pioneers in the development, testing and use of fiberglass construction techniques and a forerunner in the use of GRP/Foam technology. Cheoy Lee stopped building sailing yachts in 1990 to concentrate on large Motor Yachts and moved to a new purpose-built, state-of-the-art shipyard facility in mainland China.


Yachting Select is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Merri-Mar Yacht Basin. 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$55,000

Contact Panacea Yacht Group

Overview from around the web 1970 Cheoy Lee

The 1970 Cheoy Lee is often praised by customers for its classic design, sturdy construction, and excellent seaworthiness

Many owners appreciate the yacht's spacious layout and elegant interior, which combines functionality with timeless aesthetics. Reviews frequently highlight the boat’s reliable performance, making it suitable for both cruising and longer voyages. Customers also commend the craftsmanship that Cheoy Lee is known for, noting the attention to detail in the wooden finishes and overall build quality. The ample storage space is another commonly mentioned feature, allowing for comfortable long-term living on board. While some users note that maintenance can be more involved due to the age of the vessel, they often find that the rewards of owning a Cheoy Lee far outweigh any challenges. Overall, the 1970 Cheoy Lee continues to be a beloved choice among sailing enthusiasts who value durability and classic style.

The Biggest Pros and Cons

The Cheoy Lee 1970 is a classic vessel known for its solid construction and timeless design. Here are some pros and cons to consider:

Pros

Durability: Cheoy Lee boats are built with high-quality materials and craftsmanship, making them robust and long-lasting.

Timeless Design: The aesthetic appeal of the Cheoy Lee 1970 is notable, with traditional lines that are both elegant and functional.

Comfortable Interior: Many models feature spacious and well-designed interiors, providing comfort for extended cruising or living aboard.

Stable Performance: Known for their stability on the water, these boats handle various sea conditions well.

Strong Community: Owners often find a supportive community and resources for maintenance or restoration, enhancing the ownership experience.

Versatile Use: Suitable for both cruising and racing, the Cheoy Lee 1970 offers flexibility for different types of sailing adventures.

Cons

Age Considerations: Being a vintage vessel, potential buyers should be aware of the age-related wear and tear, which may require updates or repairs.

Maintenance: Older boats can demand significant maintenance efforts, which may not be ideal for all owners.

Limited Modern Amenities: Compared to newer designs, the Cheoy Lee 1970 may lack some modern conveniences and technology.

Availability of Parts: While many parts are still available, sourcing specific components for older models can sometimes be challenging.

Resale Value: Depending on market conditions and condition of the vessel, resale value may not appreciate as quickly as newer models.

Made For

The 1970 Cheoy Lee is designed for sailing enthusiasts who appreciate classic craftsmanship combined with reliable performance. This vessel is ideal for both seasoned sailors seeking a dependable cruising yacht and newcomers wanting a solid introduction to the world of sailing. Its sturdy construction and seaworthy design make it suitable for coastal cruising and longer voyages alike. The Cheoy Lee brand is known for its enduring quality, appealing to those who value traditional boat-building techniques and timeless aesthetics. Whether you're looking to embark on weekend getaways or longer adventures, this boat caters to those who desire both comfort and functionality on the water. With its spacious interior and classic lines, the 1970 Cheoy Lee offers an inviting atmosphere for families and friends to enjoy the boating lifestyle together.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1970 Cheoy Lee. 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 Other cost in today's market, or how much does a Cheoy Lee 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.
Monthly payment
$348.28/mo
$
$
%
Principal Loan Amount$ 46,750
Total Payment$83,587.26

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1970 Cheoy Lee. 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 Other cost in today's market, or how much does a Cheoy Lee 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.
Monthly payment
$348.28/mo
$
$
%
Principal Loan Amount$ 46,750
Total Payment$83,587.26

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