1989 Formula 292 SR-1
$34,500
Boat in Chapin, SC 29036 US
Built in 1989
292 SR-1
1 Engine (Mercruiser)
29 feet
Gas
Fiberglass/Reinforced
1989 Formula F292 SR1 with twin Mercruiser 454 Magnum Bravo 1. No trailer. Boat is in good shape as it is stored in drystack at Lighthouse Marina. Boat has only 210 hours and options include: Lowrance 3400 depth finder, Alpine stereo, Ritchie compass, trim tabs, SS prop, sink, head, thru hull exhaust and cover. Please call 803-749-1554.
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
| Date | Event | Price |
|---|---|---|
| 4/24/26 | Price increased | $34,500(+15.0%) |
| 4/17/26 | Initial price | $29,995 |
1989 Formula 292 SR-1 Video Tours
Overview from around the web 1989 Formula 292 SR-1
Customers have been enthusiastic about the 1989 Formula 292 SR-1, often highlighting its impressive blend of performance, style, and comfort
Many users appreciate the boat's powerful twin engines, which deliver exhilarating speed and excellent handling, making it a thrilling choice for both casual cruising and more adventurous outings on the water. The sleek design and timeless aesthetics of the Formula 292 SR-1 receive frequent praise, with owners noting its eye-catching exterior and well-crafted interior. Passengers often remark on the spacious cockpit area, which allows for comfortable socializing and entertaining. Durability is another aspect that customers frequently mention, with many reporting that the construction quality holds up impressively over the years. Enthusiasts also value the brand's reputation for reliability and quality, as well as the boat's ability to perform well in various water conditions. Overall, reviews indicate that the 1989 Formula 292 SR-1 is a beloved choice among boating enthusiasts who seek a high-performance vessel with classic charm and modern amenities.
The Biggest Pros and Cons
The 1989 Formula 292 SR-1 is a classic performance boat known for its sleek design and impressive power. Here are some of the pros and cons to consider:
Pros
Performance: The 292 SR-1 is built for speed, equipped with powerful engines that offer a thrilling driving experience on the water. Its deep-V hull design ensures stable handling even at high speeds.
Design: With its striking lines and bold graphics, the Formula 292 SR-1 is visually appealing. The craftsmanship and attention to detail are evident in its construction, making it a standout on the water.
Comfort: The boat features a spacious cockpit and comfortable seating, allowing for enjoyable outings with family and friends. The layout is designed for socializing, making it ideal for day cruising and entertaining.
Build Quality: Formula boats are known for their durable construction. The 292 SR-1 is built with high-quality materials that enhance its longevity and performance, helping to withstand the rigors of the marine environment.
Versatility: This model can serve multiple purposes, whether you’re looking for a thrilling speedboat for water sports or a relaxing vessel for cruising.
Cons
Fuel Efficiency: Due to its powerful engines, the 292 SR-1 may not be the most fuel-efficient option available, which can lead to high operational costs over time.
Maintenance: Older performance boats, including the 292 SR-1, may require more maintenance and care compared to newer models. Potential buyers should consider the availability of parts and servicing options.
Limited Storage: While the cockpit area is spacious, storage space on the 292 SR-1 can feel limited, especially for longer trips or extended outings, requiring careful packing.
Draft and Size: The boat’s deep-V hull and overall size mean it requires more draft, which might limit access to shallow waters or certain docks.
Age Factors: Being a 1989 model, prospective buyers should be mindful of the potential for wear and tear. An in-depth inspection is crucial to ensure functionality and safety.
Made For
The 1989 Formula 292 SR-1 is designed for enthusiasts who appreciate high-performance powerboats with a blend of classic design and cutting-edge engineering. Ideal for thrill-seekers and luxury cruisers alike, this vessel caters to individuals and families looking for an exciting day on the water, whether it’s for leisurely cruising, water sports, or exhilarating speed. Its spacious layout and comfortable seating make it perfect for entertaining guests or enjoying a day out with family. With a powerful twin-engine setup, the 292 SR-1 is suited for those who crave adventure on the open water, while its stylish design appeals to those with an eye for elegance and sophistication. This boat is for anyone looking to make unforgettable memories on the waves, combining performance, comfort, and style in one impressive package.
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Boats For Sale in South Carolina, United States Similar to the 1989 Formula 292 SR-1
Compare with similar boats and find the perfect one for you.
 1989 Formula 292 SR-1 | |||||
|---|---|---|---|---|---|
| $34,500 | $30,000 | $29,995 | $29,900 | $25,000 | $44,450 |
| Chapin | Aiken | Columbia | Port Royal | Anderson | Charleston |
| 29' | 28' | 26' | 21' | 32' | 27' |
| Mercruiser | Volvo Penta | Volvo Penta | Yamaha | Mercruiser | Volvo Penta |
| 700 hp | 280 hp | - | 150 hp | 250 hp | 320 hp |
| 32 | 10 | 4 | 46 | 5 | 11 |
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Meet the Broker
Address
Boat Location
Contact Lighthouse Marina about 1989 Formula 292 SR-1
1925 Johnson Marina Road, Chaplin, SC, 29036
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