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2007 Formula 240 Bowrider Sold Boat in Traverse City, MI 49685 US

$37,500

Used
We will let you know when another 2007 Formula 240 Bowrider is available in Traverse City, MI
builtBuilt in 2007
Year the boat was built
model

240 Bowrider

Boat model
engine

1 Engine (Mercruiser)

Engine type and count
length

24 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material

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The Image of Formula 240 Bowrider 2007 - 02007 Formula 240 Bowrider
Price$37,500$37,205$36,985$38,599$38,999$39,000
LocationTraverse CityGrand HavenAuburn HillsHowellKalamazooCanton
Nominal Length24'28'18'19'21'21'
Engine MakeMercruiserMERCURYMERCURY MARINEYAMAHAMercruiserMercury
Total Engine Power375 hp375 hp115 hp-250 hp150 hp
Days on Market331282010598
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Other Formula 240 Bowrider boats for sale in Michigan, United States

Nominal Length
24ft
Length Overall
24ft
Beam
8.5ft
Deadrise At Transom
20deg
Dry Weight
5150lb
Heads
1
Fuel Tanks
60gal
Holding Tanks
18gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
Mercruiser
Engine Model
MerCruiser 496 MAG
Total Power
375hp
Engine Hours
294
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2007
Drive Type
stern
Additional Units Included
  • 2007 LOADMASTER 2-AXEL
Disclaimer
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

DateEventPrice
10/15/25Initial price$37,500

Contact Walstrom Marine

501 Bay St., Harbor Springs, MI, 49740

Formula 240 Bowrider: BoatTEST Review

Reviewed by Jeff Hammond

Overview

The Formula 240 Bow Rider is an upscale sport boat designed to blend sporty handling with refined features. Measuring 24 feet in length overall with a beam of 8 feet 6 inches and a draft of 36 inches, this model offers a balance of performance and comfort. With an empty weight of 5,000 pounds and a test weight of 5,744 pounds including fuel and two passengers, the 240 Bow Rider is powered by a single 430 horsepower Mercruiser 8.2 MAG engine paired with a Bravo 3 outdrive.

Exterior Design and Engine Access

Access to the engine compartment is facilitated by a hatch that can be opened manually in case of electrical failure, thanks to an actuator release pin accessible through a forward bulkhead hatch. The engine compartment is fully gel coated and features noise suppression under the hatch along with a courtesy light. Storage for the cockpit table and pedestal base is conveniently located on the starboard side, with drains leading overboard to manage water ingress. Safety features include a standard automatic discharge fire extinguisher mounted on the forward bulkhead. Maintenance is simplified by easy access to both sides of the engine compartment, which houses two brass ball valves with double-clamped hoses connected to a small bilge pump.

Helm and Control Layout

The helm station is a full fiberglass module designed for ergonomic efficiency. It incorporates two contoured molds that accommodate SmartCraft gauges, including the standard SmartTow system. The lower panel features a brushed aluminum finish with analog gauges, a depth gauge, and trim gauge flanking the central instruments. The helm includes two drink holders, a remote stereo control on the left, and lighted waterproof rocker switches on both sides of the tilt-mounted steering wheel. The digital throttle controls provide comfortable handling with features such as auto start and stop, a throttle-only button, and an armrest for precise engine adjustments.

Performance and Handling

During testing, the Formula 240 Bow Rider achieved a top speed of 53.6 miles per hour at 4,700 RPM, consuming fuel at a rate of 32.5 gallons per hour, which translates to a range of approximately 89 miles. The most efficient cruise speed was recorded at 31.1 miles per hour at 3,000 RPM, with a fuel burn of 10.65 gallons per hour, allowing for over five hours of operation and a range of 157 miles while maintaining a 10% fuel reserve. Acceleration was brisk, with the boat planing in 3.6 seconds, reaching 20 miles per hour in 6.2 seconds, 30 miles per hour in 9.2 seconds, 40 miles per hour in 11.8 seconds, and 50 miles per hour in 16.6 seconds. The bow rises approximately 16 degrees upon acceleration but remains below the horizon line, preserving forward visibility. Deceleration results in a stern-first settling with the bow remaining elevated without obstructing the view.

Handling Characteristics

The 240 Bow Rider exhibits responsive and comfortable handling. The helm requires only one and a half turns from lock to lock, enabling quick maneuvering. Turns are accompanied by a slight slide that enhances passenger comfort by smoothing the ride. At no-wake speeds, visibility is limited by the windshield frame, but at cruising speeds, the bow attitude improves to a 5-degree bow-high position, offering clear sightlines through the windshield. Operators are advised to apply modest up-trim adjustments at cruising speed to shift spray aft and gain speed, while avoiding excessive trim to prevent oscillation.

Conclusion

The Formula 240 Bow Rider successfully combines the agility and responsiveness expected of a sport boat with upscale features and thoughtful design elements. Its performance metrics, ergonomic helm layout, and practical maintenance access points make it a well-rounded runabout suitable for recreational boating enthusiasts seeking both style and substance.

Rating: 4.2 out of 5

Overview from around the web 2007 Formula 240 Bowrider

Customers praise the 2007 Formula 240 Bowrider for its sleek design, spacious seating, and reliable performance on the water

Many highlight its smooth handling and powerful engine, making it ideal for both leisurely cruises and water sports. The boat's quality craftsmanship and comfortable layout receive frequent compliments, along with its ample storage space and user-friendly features. Overall, owners appreciate the blend of style, functionality, and durability that the Formula 240 Bowrider offers.

The Biggest Pros and Cons

The 2007 Formula 240 Bowrider offers a blend of performance, style, and comfort, making it a popular choice for boating enthusiasts. Here are some of the pros and cons to consider:

Pros

Performance: Equipped with powerful engine options, the 240 Bowrider delivers strong acceleration and smooth handling, ideal for water sports and cruising.

Comfortable Layout: The spacious bowrider design provides ample seating for family and friends, with well-cushioned seats and thoughtful ergonomics.

Build Quality: Formula is known for its solid construction and attention to detail, ensuring durability and reliability on the water.

Versatile Use: Suitable for various activities including day cruising, waterskiing, and wakeboarding.

Aesthetic Appeal: Sleek, sporty lines and a modern design make the boat stand out on the water.

Cons

Storage Space: While adequate for day trips, the storage may be limited for extended outings or larger gear.

Fuel Consumption: Powerful engines mean the boat can be less fuel-efficient compared to smaller or less performance-oriented models.

Maintenance Costs: As with many high-performance boats, upkeep and maintenance can be more costly due to specialized parts and systems.

Limited Cabin Space: Being a bowrider, it lacks enclosed cabin accommodations, which might be a downside for those seeking overnight capabilities.

Made For

The 2007 Formula 240 Bowrider is ideal for boating enthusiasts who seek a versatile and stylish vessel that combines performance with comfort. Perfect for families and friends who enjoy day cruising, watersports, and entertaining on the water, this boat offers ample seating, a spacious bow area, and user-friendly features. Its sleek design and reliable handling make it suitable for both novice and experienced boaters looking for a fun and dependable recreational boat.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2007 Formula 240 Bowrider. 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 Bowrider cost in today's market, or how much does a Formula 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.
$
$
510152025
%
Principal Loan Amount$ 31,875
Total Payment$56,991.32
Monthly payment
$237.46/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2007 Formula 240 Bowrider. 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 Bowrider cost in today's market, or how much does a Formula 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.
$
$
510152025
%
Principal Loan Amount$ 31,875
Total Payment$56,991.32
Monthly payment
$237.46/mo

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Address

501 Bay St.
Harbor Springs, MI 49740

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