1992 Cigarette 31 Bullet
$39,995
Boat in Missouri City, TX 77459 US
31 Bullet
2 Engines (2x --)
31 feet
Gas
Fiberglass/Reinforced
1992 Cigarette 31 Bullet 31' High Performance Racing Boat. Dual Stern Drive Mercury Bravo 502 415HP Gasoline Engines, One with 310 Hours, One with 311 Hours.
Classic Offshore Performance
Offered for sale is a beautifully kept 1992 Cigarette 31 Bullet, a legendary offshore performance boat that blends timeless styling with exhilarating speed. Known for its aggressive deep-V hull and race-proven pedigree, the 31 Bullet remains one of the most respected classic Cigarette models ever built.
This particular example has been owned by the same meticulous owner since 1997, a testament to the care and pride of ownership it has received for nearly three decades.
Power comes from twin Mercury 502 engines, delivering strong, reliable performance and the unmistakable sound that defines classic offshore powerboats. The setup provides impressive acceleration and a top speed of approximately 70 mph, making this Bullet both thrilling and capable in open water.
Unlike many boats of its era, this Cigarette has been consistently stored on its trailer inside an enclosed space whenever not in use, helping preserve its condition and protect it from the elements. Proper storage has played a major role in maintaining the boat's appearance and structural integrity over the years.
Highlights:
- 1992 Cigarette 31 Bullet
- Same owner since 1997
- Twin Mercury 502 engines
- Approx. 70 mph top speed
- Always stored enclosed on trailer when not in use
- Classic Cigarette offshore hull design
The Cigarette 31 Bullet offers the perfect combination of vintage offshore racing heritage and real-world performance. Whether you're a collector, enthusiast, or someone looking for a striking head-turning performance boat, this well-kept example represents a rare opportunity to own a piece of Cigarette history.
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Price History
| Date | Event | Price |
|---|---|---|
| 3/18/26 | Initial price | $39,995 |
1992 Cigarette 31 Bullet Video Tours
Overview from around the web 1992 Cigarette 31 Bullet
Customers praise the 1992 Cigarette 31 Bullet for its sleek design and impressive performance on the water
Many highlight its powerful engines and smooth handling, making it ideal for high-speed cruising and thrilling rides. Owners appreciate the quality craftsmanship and durable build, noting that the boat remains reliable even after years of use. The spacious cockpit and comfortable seating often receive positive remarks, enhancing the overall boating experience. Enthusiasts also value the classic styling combined with modern features, making the 31 Bullet a standout choice for both casual outings and competitive racing.
The Biggest Pros and Cons
The 1992 Cigarette 31 Bullet is a classic performance powerboat known for its speed and sleek design. Here are some pros and cons to consider:
Pros
High Performance: The 31 Bullet is renowned for its impressive speed and agility, making it a favorite among speedboat enthusiasts.
Classic Design: Its timeless, aggressive styling stands out on the water and maintains a strong appeal among collectors and racers.
Build Quality: Crafted with quality materials and attention to detail, the boat offers durability and solid construction.
Handling: The deep-V hull design provides excellent handling and stability, even in rough water conditions.
Customization: Many owners appreciate the ease of upgrading engines and customizing the interior and electronics.
Cons
Fuel Consumption: Due to its high-performance engines, the 31 Bullet can be fuel-intensive, which may lead to higher operational costs.
Maintenance: Older models like the 1992 version may require more frequent maintenance and part replacements to keep them in peak condition.
Limited Seating: The cockpit and cabin space are relatively compact, which might limit comfort for larger groups or extended trips.
Ride Comfort: While great for speed, the ride can be rough in choppy waters compared to more modern or larger boats designed for cruising.
Availability of Parts: Given its age and specialized build, sourcing specific parts may be challenging and sometimes costly.
Made For
The 1992 Cigarette 31 Bullet is designed for boating enthusiasts who crave high-performance speed combined with sleek, classic style. Ideal for adrenaline seekers and those who appreciate precision engineering, this boat is perfect for thrilling offshore runs, competitive racing, or simply enjoying fast-paced cruising on the water. Its powerful design and agile handling make it well-suited for experienced boaters looking to make a bold statement on the waves.
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Meet the Broker

Address
Boat Location
Contact National Vehicle LLC about 1992 Cigarette 31 Bullet
12110 Port Grace Blvd, La Vista, NE, 68128

























