2016 Formula 240 Bowrider Sold Boat in Yorktown, VA 23692 US

$79,995

Used
We will let you know when another 2016 Formula 240 Bowrider is available in Yorktown, VA
builtBuilt in 2016
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 2016 - 02016 Formula 240 Bowrider
Price$79,995$79,900$79,900$83,350
LocationYorktownWoodbridgeNorfolkBracey
Nominal Length24'21'29'24'
Draft3'---
Engine MakeMercruiserMercruiserMercruiserYamaha
Total Engine Power-250 hp250 hp200 hp
Days on Market39575016841
Get in touch
Nominal Length
24ft
Length Overall
24ft
Beam
8.5ft
Max Bridge Clearance
4.67ft
Max Draft
3ft
Deadrise At Transom
20deg
Dry Weight
5000lb
Cruising Speed
40kn
Max Speed
58kn
Heads
1
Fresh Water Tanks
10gal
Fuel Tanks
60gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
Mercruiser
Engine Model
8.2 MAG
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2016
Drive Type
stern
Manufacturers Description
Feature-filled and ready for action, the Formula 240 BR packs in all the elements for good times on the water. From the concealed bow beach ladder to the full-length aft sun lounge, expansive, over-drive swim platform and ski/wakeboard swivel-head rope mount, the 240 delivers the fun you would expect from a Formula in a package that turns heads as you power past.

The cockpit is designed to provide everything you need to spend an entire day on the water with family and friends. The 240 Bowrider, true to its Formula heritage, is engineered and built to perfection. The 240 delivers the ultimate dayboating experience. Let the fun begin now?in the Formula 240 Bowrider!
Engine
  • Single Mercruiser 8.2 MAG w/56 hours
  • Courtesy lighting
  • Fume detector
  • Automatic fire extinguisher
  • Thru-bolted engine mounts
  • Marine battery w/retainer
  • Active & passive galvanic corrosion protection systems
  • Bilge blowers
  • Automatic bilge pump
  • Stainless steel prop
Cabin
  • Continuous molded liner
  • Curved, one-piece locking door
  • Portable head unit
  • Carbon monoxide detector
Cockpit
  • Continuous molded cockpit liner
  • Dash panels w/wood or brushed graphite finish & brushed metallic finish
  • Complete Livorsi® illuminated instrumentation, domed w/chrome bezels
  • Dash panel-mounted Ritchie® compass
  • Digital depth sounder
  • Side-mount shift/throttle control w/trim switch
  • Safety ignition stop switch w/tether
  • Tilt steering wheel w/wood or silver brushed metallic accents
  • Auxiliary 12V outlet
  • Illuminated waterproof accessory rocker switches w/E-T-A® circuit breakers
  • Clarion® AM/FM/CD stereo, waterproof dash-mounted remote control & four 6 1/2" marine-grade speakers w/polished stainless steel grilles
  • iPod™/MP3 port
  • Eleven polished stainless steel drink holders
  • Cockpit/swim platform blue/white LED courtesy lights
  • Fire extinguisher
  • Weather-resistant cockpit seating featuring PreFixx® coating, Tenera® element-resistant thread, DriFast® foam & StarLite® XL synthetic marine panel construction
  • Twin dual-position helm & passenger bucket seating
  • L-shaped aft lounge seating w/Igloo® cooler below
  • Removable cockpit table
  • Starboard side lounge seat
  • Aft-facing sun lounge—converts to full-length sunpad
  • Starboard gear storage locker
  • Battery on/off switch
  • In-floor ski & wakeboard storage
Exterior
  • NMMA Certification
  • 10-year Structural Warranty
  • Transferable 5-Year Formula Guard® Limited Protection Plan
  • Imron® graphic w/cockpit accent striping
  • Pressure-treated Perma Panel structural hull matrix
  • Foam-filled hull cavities
  • Chemically bonded & thru-bolted deck-to-hull joint
  • Heavy-duty PVC gunwale w/stainless steel insert
  • Concealed fiberglass anchor locker w/stainless steel beach ladder
  • Stainless steel hardware & 316L stainless steel welded rails
  • Six custom Formula logo-cast cleats
  • Stainless steel fuel fill w/integral vent grilles
  • Polished stainless steel vent grilles
  • Tinted, tempered curved-glass windshield w/center walk-thru
  • Windshield wiper
  • Electric horn
  • 316L stainless steel transom grab rails & ski/wakeboard swivel-head rope mount
  • Clarion® waterproof transom-mounted stereo remote control
  • Transom-mounted outdrive switches
  • Portside transom trunk storage
  • Extended integrated swim platform w/concealed 316L stainless steel swim ladder
Factory Options
All Weather Cockpit and Bow Cover Bimini Top Trim Tabs Additional Battery and Switch with 20 Amp Charger JL Audio Lighted Cockpit Speakers with Subwoofer Portable Head with Dockside Pumpout Corian Anthracite Countertops Bow Ladder and Grab Rail Bow Backrest and Filler Cushion Bow Docking Lights Extended Sport Swim Platform Cockpit Carpet Ski Pylon Transom Gate Transom Mounted Outdrive Switches Cockpit Table with Corian Anthracite Top
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.
Additional Units Included
  • 2016 Phoenix Trailers

Price History

DateEventPrice
8/12/25Initial price$79,995

Contact Legasea Marine

821 Railway Rd, Yorktown, VA, 23692

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 2016 Formula 240 Bowrider

The 2016 Formula 240 Bowrider has garnered positive feedback from customers, who appreciate its blend of style, performance, and comfort

Owners frequently highlight the boat’s sleek design and luxurious finishes, which create an inviting atmosphere for both relaxing and entertaining on the water. Many users commend the spacious bow seating, which provides ample room for family and friends, making it ideal for social outings. The performance of the boat is often praised, with its powerful engine options delivering impressive speed and agility, perfect for water sports or cruising. Additionally, customers enjoy the thoughtful layout and storage solutions, as well as the ease of operation. Features such as a high-quality sound system and an integrated swim platform are often mentioned as attractive elements that enhance the overall boating experience. Overall, the 2016 Formula 240 Bowrider is celebrated for its combination of performance, comfort, and sophisticated design, making it a popular choice for those looking to enjoy a day on the water.

The Biggest Pros and Cons

2016 Formula 240 Bowrider - Pros and Cons

Pros

Performance: The 2016 Formula 240 Bowrider boasts a powerful engine option that delivers impressive acceleration and handling. With its sporty design, this boat is engineered for fun on the water, providing a thrilling ride.

Comfort: The spacious bow seating area and plush seating throughout ensure that passengers enjoy maximum comfort. The layout is ideal for socializing, sunbathing, or relaxing during a day on the lake or ocean.

Quality Construction: Known for top-notch craftsmanship, Formula boats are built with high-quality materials and attention to detail. The 240 Bowrider is no exception, offering durability and long-lasting performance.

Storage Options: With ample storage compartments, including under-seat storage and dedicated areas for water sports equipment, this boat is perfect for day trips, making it easy to keep the deck clutter-free.

Versatility: The Formula 240 Bowrider is versatile enough for a variety of activities—from cruising and entertaining to watersports. Its design caters to both family outings and adventure seekers.

Stylish Design: This model features sleek lines and a modern aesthetic, making it a head-turner on the water. The customizable color options allow owners to personalize their boat to their taste.

Cons

Price Point: As a premium brand, the Formula 240 Bowrider falls at a higher price point compared to some other bowriders in the market, potentially making it less accessible for budget-conscious buyers.

Fuel Consumption: The performance-focused design may lead to higher fuel consumption, which could be a consideration for those who plan on extensive use.

Limited Cabin Space: While the boat offers ample seating, it does not have an enclosed cabin, making it less suitable for overnight trips or extended stays on the water.

Maintenance: The high-quality materials used in the construction can also mean that maintenance and repairs may be more expensive compared to lesser brands.

Weight: The robust build, while adding to durability, may contribute to the overall weight of the boat, affecting trailering efficiency and fuel consumption when towing.

Made For

The 2016 Formula 240 Bowrider is designed for boating enthusiasts who crave a blend of luxury, performance, and versatility on the water. Ideal for families and social gatherings, this bowrider accommodates those who enjoy entertaining guests, water sports, or simply relaxing under the sun. Whether you’re an avid wakeboarder, a snorkeling aficionado, or someone who appreciates leisurely cruises, this boat caters to a wide variety of lifestyles. With its spacious layout, premium amenities, and advanced technology, the Formula 240 appeals to anyone seeking a high-quality experience on both fresh and saltwater. Its stylish design and powerful performance make it a go-to choice for those looking to enhance their time on the water.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2016 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$ 67,996
Total Payment$121,574.32
Monthly payment
$506.56/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2016 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$ 67,996
Total Payment$121,574.32
Monthly payment
$506.56/mo

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Address

821 Railway Rd
Yorktown, VA 23692

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