1979 Formosa 46 Cutter Boat in Valdez, AK US
Built in 1979
46 Cutter
1 Engine (Lehman)
45 feet
Diesel
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1979 Formosa 46 Cutter - "Kapai"
Offered at $100,000
LOA: 43'9" | Beam: 12'8" | Draft: 5'1"
Classic Beauty. Proven Performance. Liveaboard Comfort.
Step aboard Kapai, a timeless 1979 Formosa 46 cutter-rigged cruiser, and discover a vessel designed to go the distance with elegance and reliability. With her hand-laid fiberglass hull, fully enclosed hardtop cockpit, and beautifully varnished teak interior, Kapai is equally at home offshore, at anchor, or as a gracious liveaboard. She's been well maintained and thoughtfully upgraded to ensure comfort, durability, and independence at sea.
Cutter-rigged bluewater cruiser with full sail inventory
Two spacious staterooms with two private heads
Solid fiberglass hull - no blisters reported
Custom "sugar scoop" stern for easy water access
Diesel genset + solar power for self-sufficiency
Recently priced to sell - excellent value for her class
Cutter-rigged bluewater cruiser with full sail inventory
Two spacious staterooms with two private heads
Solid fiberglass hull - no blisters reported
Custom "sugar scoop" stern for easy water access
Diesel genset + solar power for self-sufficiency
Recently priced to sell - excellent value for her class
Kapai's interior is a warm, inviting space finished in 100% golden teak with brass opening portlights and a teak cabin sole throughout. Her layout is ideal for liveaboards or extended cruisers:
Salon: Bright and spacious with excellent ventilation from large hatches and multiple portlights. Features a large dinette with hi-lo table (converts to a double berth) and a full settee opposite.
Galley: U-shaped and well-equipped with a double stainless steel sink, DC-powered refrigerator, propane gimbaled stove/oven, and ample storage. Hot water provided by a 6-gallon heater and Hurricane hydronic heating system with three zones.
Navigation Station: Dedicated chart table with LED GPS, radar, and sounder displays - also functions as an ideal shipboard office.
Forward Cabin: Queen V-berth with ensuite head featuring a shower, sink, toilet, and linen locker.
Aft Cabin: King-size berth with private head, drawers, standing room, and hanging lockers.
Salon: Bright and spacious with excellent ventilation from large hatches and multiple portlights. Features a large dinette with hi-lo table (converts to a double berth) and a full settee opposite.
Galley: U-shaped and well-equipped with a double stainless steel sink, DC-powered refrigerator, propane gimbaled stove/oven, and ample storage. Hot water provided by a 6-gallon heater and Hurricane hydronic heating system with three zones.
Navigation Station: Dedicated chart table with LED GPS, radar, and sounder displays - also functions as an ideal shipboard office.
Forward Cabin: Queen V-berth with ensuite head featuring a shower, sink, toilet, and linen locker.
Aft Cabin: King-size berth with private head, drawers, standing room, and hanging lockers.
Designed for secure bluewater handling and comfort in all weather, Kapai's deck and cockpit features include:
Center cockpit with custom hardtop dodger - fully enclosed and secure
Walkaround decks and large bow/stern platforms
Custom sugar scoop swim platform for dinghy access and swimming
Full complement of sails:
Triple reef main
ProFurl roller furling genoa
Stay sail
Spinnaker with sock
Storm jib
Whisker pole
Electric and manual winches for anchor handling
Stern-mounted dinghy davits and gas BBQ grill
Center cockpit with custom hardtop dodger - fully enclosed and secure
Walkaround decks and large bow/stern platforms
Custom sugar scoop swim platform for dinghy access and swimming
Full complement of sails:
Triple reef main
ProFurl roller furling genoa
Stay sail
Spinnaker with sock
Storm jib
Whisker pole
Triple reef main
ProFurl roller furling genoa
Stay sail
Spinnaker with sock
Storm jib
Whisker pole
Electric and manual winches for anchor handling
Stern-mounted dinghy davits and gas BBQ grill
Kapai is equipped for self-sufficient cruising with robust systems and redundancies:
Engine: 85 HP Lehman Ford diesel with BorgWarner Velvet Drive transmission
Fuel: Two tanks totaling 130 gallons
Water: 130-gallon tank + 6-gallon heater
Anchoring:
33 lb Bruce with 400' HT chain + 100' line (electric windlass)
66 lb Bruce with 200' chain + 200' ¾" line (manual winch)
Emergency systems: Diaphragm bilge pump, emergency tiller, and mechanical steering
Engine: 85 HP Lehman Ford diesel with BorgWarner Velvet Drive transmission
Fuel: Two tanks totaling 130 gallons
Water: 130-gallon tank + 6-gallon heater
Anchoring:
33 lb Bruce with 400' HT chain + 100' line (electric windlass)
66 lb Bruce with 200' chain + 200' ¾" line (manual winch)
33 lb Bruce with 400' HT chain + 100' line (electric windlass)
66 lb Bruce with 200' chain + 200' ¾" line (manual winch)
Emergency systems: Diaphragm bilge pump, emergency tiller, and mechanical steering
Every system onboard is thoughtfully integrated for redundancy and ease of use:
Diesel Generator: Yanmar APC 750 - 12V DC, 250A
Inverter: DR Trace 1500W, 70A charger
Navigation & Comms:
Hydraulic ComNav autopilot (integrated with GPS, wind, compass)
Furuno 24-mile radar
Dual LED GPS/Sounder units at chart table
Color sounder at helm
2 VHF radios
Single Sideband / Ham radio
Dual wind speed indicators
Power Systems:
70A DC engine alternator w/ ramp voltage regulator
Custom radar arch with solar panels
12V/110V galley refrigeration + built-in water-cooled freezer
Diesel Generator: Yanmar APC 750 - 12V DC, 250A
Inverter: DR Trace 1500W, 70A charger
Navigation & Comms:
Hydraulic ComNav autopilot (integrated with GPS, wind, compass)
Furuno 24-mile radar
Dual LED GPS/Sounder units at chart table
Color sounder at helm
2 VHF radios
Single Sideband / Ham radio
Dual wind speed indicators
Hydraulic ComNav autopilot (integrated with GPS, wind, compass)
Furuno 24-mile radar
Dual LED GPS/Sounder units at chart table
Color sounder at helm
2 VHF radios
Single Sideband / Ham radio
Dual wind speed indicators
Power Systems:
70A DC engine alternator w/ ramp voltage regulator
Custom radar arch with solar panels
12V/110V galley refrigeration + built-in water-cooled freezer
70A DC engine alternator w/ ramp voltage regulator
Custom radar arch with solar panels
12V/110V galley refrigeration + built-in water-cooled freezer
All electronics fully interfaced
Hurricane diesel hydronic heating (3 zones)
Propane wall heater
Aquamet 22 stainless steel shaft & 4-blade propeller
Brass opening portlights throughout
Fiberglass decks with molded non-skid
Recent bottom paint (2021)
No reported hull blisters
All electronics fully interfaced
Hurricane diesel hydronic heating (3 zones)
Propane wall heater
Aquamet 22 stainless steel shaft & 4-blade propeller
Brass opening portlights throughout
Fiberglass decks with molded non-skid
Recent bottom paint (2021)
No reported hull blisters
If you've been searching for a spacious, classically styled offshore-capable cruiser with robust systems, proven design, and warm liveaboard charm, Kapai deserves your attention. With a reduced price and exceptional value, she's ready to sail away on her next adventure.
Price History
| Date | Event | Price |
|---|---|---|
| 7/10/26 | Initial price | $69,900 |
1979 Formosa 46 Cutter Video Tours
Overview from around the web 1979 Formosa 46 Cutter
The 1979 Formosa 46 Cutter has garnered a reputation for its robust construction and seaworthy design among customers
Many sailors praise its traditional Dutch hull design, which not only contributes to its classic aesthetic but also enhances performance in various sea conditions. Owners frequently highlight the spacious interior, which offers a comfortable living space with a well-designed galley and ample storage, making it perfect for extended cruising. Customers often mention the solid craftsmanship that characterizes this vessel, with many noting the quality of the woodwork and overall attention to detail. The cutter rig is appreciated for its versatility, allowing for easier sailing with a reduced crew and promoting stability on the water. Feedback about the performance is consistently positive, with many sailors reporting that the Formosa 46 handles well in both light and heavy winds, inspiring confidence during long passages. Additionally, the layout of the cockpit and deck areas is praised for providing comfort and ease of movement while under sail. Overall, the 1979 Formosa 46 Cutter is celebrated for its combination of tradition, performance, and comfort, making it a beloved choice among cruising enthusiasts.
The Biggest Pros and Cons
Pros
Sturdy Build: The Formosa 46 Cutter is known for its robust construction, typically featuring a fiberglass hull that withstands challenging sea conditions, making it a reliable choice for bluewater cruising.
Classic Design: With its traditional lines and aesthetic appeal, the Formosa 46 Cutter offers a timeless cruising yacht experience, often attracting appreciation for its beauty.
Spacious Interior: The design provides ample living space with a well-thought-out layout, including various cabins, a comfortable saloon, and a functional galley, making it ideal for long journeys.
Wide Beam: The generous beam contributes to stability and provides a roomy deck area, allowing for comfortable outdoor living and easy access for sailing maneuvers.
Cutter Rig Configuration: The cutter rig offers flexibility when it comes to sail selection and trimming, enhancing performance in varying wind conditions and providing a more balanced sail plan.
Strong Owner Community: There are numerous owners and enthusiasts of the Formosa 46 Cutter, creating a supportive community for sharing experiences, advice, and resources.
Cons
Maintenance Requirements: Being a vintage vessel, the Formosa 46 may require regular upkeep and maintenance, potentially leading to higher ongoing costs compared to newer models.
Weight: The robust construction, while a strength, may also contribute to the boat’s weight, which can affect performance in lighter winds.
Older Technology: As a 1979 model, it may not feature the latest advancements in materials, equipment, and technology that newer yachts offer, which could impact sailing efficiency.
Limited Availability: Depending on the market, finding a well-maintained Formosa 46 Cutter can be a challenge, as they may not be as widely available as more contemporary yachts.
Potential for Wear and Tear: Depending on previous ownership and usage history, older vessels like the Formosa 46 may show signs of wear that could require attention, making thorough inspections essential during the buying process.
Space Constraints: Although spacious for its size, some owners may find the layout doesn't fully accommodate modern living expectations, especially for larger families or groups.
Made For
The 1979 Formosa 46 Cutter is ideal for seasoned sailors and adventurous spirits seeking a reliable and spacious vessel for cruising or liveaboard experiences. With its robust construction and elegant lines, this boat appeals to those who appreciate classic design paired with modern functionality. Experienced sailors will enjoy the cutter rig for its versatility, allowing for efficient sailing in varying wind conditions. Families or groups looking to explore the open seas will find ample space for relaxation and entertaining, thanks to the generous cockpit and comfortable interiors. Additionally, the sturdy build of the Formosa 46 provides peace of mind for long voyages, making it suitable for ocean passages and extended trips. Whether you're a cruising couple or a family of adventurers, the 1979 Formosa 46 Cutter offers a perfect blend of comfort, durability, and performance, making it a great choice for those looking to embrace the sailing lifestyle.
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| $69,900 | $69,900 | $47,199 | $40,599 | $150,000 | $170,000 |
| Valdez | Valdez | Anchorage | Anchorage | Ketchikan | Seward |
| 45' | 45' | 24' | 22' | 38' | 45' |
| Lehman | Lehman Ford | MERCURY MARINE | MERCURY MARINE | John | Hino |
| 85 hp | 85 hp | 115 hp | 90 hp | 330 hp | 250 hp |
| 0 | 397 | 1306 | 1011 | 0 | 31 |
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Contact WS Yacht Brokers about 1979 Formosa 46 Cutter
909 N Tomahawk Island Dr #104, Portland, OR, 97217
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