2002 Formula 31 Performance Cruiser
$24,900
Boat in Grasonville, MD 21638 US
Built in 2002
31 Performance Cruiser
2 Engines (2x Mercruiser)
31 feet
Gas
Fiberglass/Reinforced
This is the best priced 31PC on the market. Seller wants it sold. Make an offer as your buying this one right!
2002 Formula 31 PC - Performance, Comfort & Style
Formula is synonymous with performance and luxury, and this 2002 Formula 31 PC delivers on both fronts. Whether you're cruising the coast or enjoying a weekend getaway, this express cruiser offers everything you need.
Power & Performance
Twin MerCruiser 6.2L 320hp engines
Port engine: Replaced, approx. 30 hours
Starboard engine: Approx. 800 hours
Kohler 7.3 kW generator - Plenty of power while off the dock
Comfortable Accommodations
Air conditioning & heat - Comfort in any season
Fresh Bottom Paint March 2026
Forward double berth - Spacious and private with ample storage
Convertible aft lounge/berth - Versatile sleeping or relaxation space
Fully equipped galley - Includes cooktop, microwave, refrigerator, ample prep space, and storage
Large dinette - Perfect for meals or entertaining
Private head - Includes toilet, sink, and shower
Cockpit & Exterior Features
Expansive cockpit seating & dining area
Wet bar - Great for entertaining
Large swim platform - Easy water access
Full enclosure with updated glass panels (2023) - Stay protected from sun and rain
This Formula 31 PC is the perfect blend of power, performance, and comfort. Whether you're looking for weekend adventures or a stylish way to entertain on the water, this boat is ready for you.
Contact the listing broker today to schedule your private showing!
The Formula 31 PC incorporates the best of exciting performance and carefree cruising. This beautiful Performance Cruiser delivers a flawless Formula ride along with a wide range of yachting capabilities. The 31 PC utilizes molded-in nonskid plus a welded 316 L stainless continuous bow rail - all important features to safeguard expeditions.
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 |
|---|---|---|
| 2/26/26 | Price decreased | $24,900(-28.7%) |
| 11/12/25 | Price decreased | $34,900(-16.9%) |
| 8/3/25 | Price decreased | $42,000(-14.3%) |
| 6/28/25 | Initial price | $49,000 |
Videos from Knot 10 Yacht Sales on this 2002 Formula 31 Performance Cruiser
2002 Formula 31 Performance Cruiser Video Tours
Boattest.com Review
Overview
The Formula 31 PC is a thoughtfully designed cruiser that balances functionality with elegant styling. This model introduces an extended swim platform and an aft sun pad, enhancing the boat's usability for water sports and leisure activities. The design reflects Formula's commitment to contemporary American nautical aesthetics and practical layouts.
Exterior Design and Cockpit
The most notable exterior update is the extended swim platform, which significantly increases space for lounging and sunbathing. This platform features a built-in swim ladder and a heavy-duty stainless steel handrail, complemented by a smaller handrail with recessed lighting. The deck surface mimics teak in appearance but is soft underfoot and resistant to overheating. The aft sun pad includes a versatile backrest that locks into three positions, allowing it to function as an aft-facing seat, a chaise lounge, or additional forward-facing cockpit seating. The sun pad lifts on gas shocks to reveal storage compartments for fenders, cocktail tables, and filler cushions for the U-shaped cockpit seating. This seating is upholstered in Nautilex marine vinyl with storage beneath, and the cockpit can be outfitted with one or two removable cocktail tables. Additionally, the port side features a refrigerated drawer beneath a sink, ensuring beverages remain secure and chilled.
Interior Living Spaces
Inside the cabin, the Formula 31 PC offers an open and roomy salon with a refined, elegant design. The mid-cabin area is particularly notable for its spaciousness and tasteful styling, with open stairs to the topside that resemble sculptural artwork. On the starboard side, a comfortable sofa with dual tables can be lowered to create an extra berth, complemented by a 15-inch LCD flat screen TV. The galley, while compact, is well-equipped for preparing breakfasts, lunches, and light evening meals. The cabinetry demonstrates high-quality craftsmanship comparable to upscale household kitchens.
Private Accommodations and Head
The forward berth measures 5 feet 10 inches by 4 feet 5 inches and includes a cedar hanging locker with a full-length mirror on its side. The wet head is designed with functionality in mind, featuring a single basin sink and a privacy curtain that separates half of the head to keep the shower area dry. Towels can be hung on the inside of the head door but remain outside the shower curtain to stay dry.
Conclusion
The Formula 31 PC combines thoughtful design with practical features, offering enhanced exterior lounging space and a stylish, comfortable interior. Its well-executed layout and quality finishes make it a versatile boat suitable for both water sports and relaxed cruising.
Overview from around the web 2002 Formula 31 Performance Cruiser
Customers praise the 2002 Formula 31 Performance Cruiser for its sleek design and powerful performance
Many highlight its smooth handling and impressive speed, making it a favorite for both leisurely cruises and more spirited outings. The spacious and well-appointed interior receives positive remarks for comfort and style, with ample seating and quality finishes. Owners also appreciate the boat's reliability and solid construction, noting that it holds up well over time. Overall, the 2002 Formula 31 Performance Cruiser is celebrated for combining performance and luxury in a versatile package.
The Biggest Pros and Cons
The 2002 Formula 31 Performance Cruiser offers a blend of sporty performance and comfortable cruising, making it a popular choice for boating enthusiasts. Here are some pros and cons to consider:
Pros
Performance-Oriented Design: The Formula 31 is known for its powerful engines and smooth handling, delivering an exhilarating ride both on open water and in tighter spaces.
Spacious Interior: Despite its performance focus, the boat provides a comfortable cabin layout with ample seating, a well-equipped galley, and sleeping accommodations suitable for overnight trips.
Build Quality: Formula boats are recognized for their solid construction and attention to detail, ensuring durability and longevity.
Versatile Use: Ideal for day cruising, weekend getaways, and entertaining guests, offering a good balance between sportiness and comfort.
Good Visibility: The helm offers excellent sightlines, enhancing safety and ease of navigation.
Cons
Fuel Consumption: With its performance engines, the Formula 31 can be relatively thirsty, leading to higher fuel costs on longer trips.
Cabin Space Limitations: While comfortable for its size, the interior space may feel a bit tight for larger groups or extended stays.
Maintenance Costs: High-performance components and quality finishes can result in higher maintenance and repair expenses compared to more basic cruisers.
Limited Storage: Storage space is adequate but may not accommodate all gear for extended cruising without careful organization.
Made For
The 2002 Formula 31 Performance Cruiser is designed for boating enthusiasts who seek a versatile and stylish vessel that combines sporty performance with comfortable cruising. Ideal for small families or couples, it offers ample space for day trips, weekend getaways, or coastal adventures. Whether you enjoy water sports, entertaining guests, or simply relaxing on the water, this boat provides a perfect balance of speed, handling, and onboard amenities to enhance your boating experience.
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 2002 Formula 31 Performance Cruiser | |||||
|---|---|---|---|---|---|
| $24,900 | $31,000 | $36,800 | $49,900 | $49,900 | $89,900 |
| Grasonville | Pasadena | Earleville | Georgetown | North East | Fort Washington |
| 31' | 31' | 34' | 34' | 34' | 37' |
| 3' | - | - | - | - | - |
| Mercruiser | MerCruiser | Mercruiser | MerCruiser | Mercruiser | MerCruiser |
| 320 hp | 300 hp | 310 hp | 310 hp | 310 hp | - |
| 910 | 916 | 97 | 19 | 250 | 600 |
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