2003 Formula 353 FASTech Boat in Laconia, NH 03246 US

$74,900

Used
builtBuilt in 2003
Year the boat was built
model

353 FASTech

Boat model
engine

2 Engines (2x MerCruiser)

Engine type and count
length

35.3 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
35.25ft
Length Overall
35.25ft
Beam
8.25ft
Max Bridge Clearance
5.33ft
Max Draft
3ft
Cabin Headroom
4.83ft
Deadrise At Transom
24deg
Dry Weight
8575lb
Heads
1
Fresh Water Tanks
19gal
Fuel Tanks
154gal
Holding Tanks
2.6gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
MerCruiser
Engine Model
500 EFI
Total Power
500hp
Engine Hours
722
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2003
Drive Type
stern
Propeller Material
stainless-steel
Engine 2
Engine Make
MerCruiser
Engine Model
500 EFI
Total Power
500hp
Engine Hours
722
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2003
Drive Type
stern
Propeller Material
stainless-steel
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
5/27/26Initial price$74,900

Contact Lakeport Landing

65 Gold St, Laconia, NH, 03246

Boattest.com Review

Boat Test Review on BoatTest.com

Overview

The Formula 353 Fastech represents a notable collaboration between Formula and Ilmor, introducing Ilmor's new 570 horsepower 454 small block crossover engines. This model stands out as one of the most visually striking releases from Formula, featuring the innovative Stiletto graphics package applied with Imron paint rather than decals. The 353 Fastech aims to offer a competitively priced high-performance option within the Formula lineup, leveraging the power and efficiency of these newly developed engines.

Engine and Mechanical Features

Under the engine hatch reside the first two production units of Ilmor's 570 horsepower 454 small block engines, each weighing approximately 830 pounds. These engines fill a performance gap between Ilmor's 522 horsepower V8 and 650 horsepower V10 models. The installation in the 353 Fastech is well-executed, with easily accessible daily maintenance points such as forward-facing air cleaners and visible serpentine belts for inspection. A distinctive feature includes oil filters mounted directly to drip trays, enhancing cleanliness during servicing. Safety and convenience are addressed with a standard automatic discharge fire extinguisher, properly double-clamped hoses, clearly labeled ball valves, and power trim pumps positioned on the forward bulkhead. Electrical systems include a standard 50 amp battery charger, with battery switches and circuit breakers neatly located beneath the aft bench seat.

Exterior and Helm Design

The cockpit layout features McLeod Performance wraparound seats for both captain and passenger, designed for sustained high-speed comfort. These seats electrically lower to function as leaning posts, with adjustable footrests but fixed fore-and-aft positioning. Safety is enhanced by grab handles positioned behind the seats for standing passengers. The helm is finished with a color-matched carbon fiber treatment protected by a plastic overlay. Instrumentation includes an optional Garmin 740S GPS chartplotter, Ilmor's customizable multi-function engine displays, large Levorsi Monster and Redline analog tachometers, a fuel gauge, and a flush-mounted compass. Controls consist of dual chromed shift and throttle levers with integrated out-drive trim, supplemented by separate rocker switches for out-drive and trim tabs. Access to the bow is achieved by stepping over a low-profile windshield leading to a long foredeck and anchor hatch, though no anchor windlass is installed, deemed unnecessary due to weight considerations. Side rails are minimal and primarily aesthetic, while Formula's signature step-tall hull design reduces surface friction to enhance speed.

Performance and Handling

The Formula 353 Fastech measures 35 feet 3 inches in length overall, with a beam of 8 feet 3 inches and a draft of 36 inches. During testing, the boat's displacement was 10,650 pounds, accounting for fuel, water, and two occupants. Equipped with Mercury Racing Maximus 15.25 by 25 five-bladed props and a 1.5 to 1 gear reduction, the twin 570 horsepower Ilmor engines propelled the boat to a top speed of 85.2 miles per hour at 6,000 RPM, consuming 88 gallons of fuel per hour and providing a range of approximately 130 miles. The most efficient cruising speed was found at 3,500 RPM, yielding 46.2 miles per hour with a fuel burn of 27 gallons per hour and an extended range of 229 miles while maintaining a 10% fuel reserve. The boat exhibits a 14-degree bow rise during acceleration, which momentarily reduces forward visibility due to the helm's position relative to the bow. The 353 Fastech requires moderate trim adjustments to optimize performance, with the drives trimmed up to about 7 on the gauge to achieve optimal speed and handling. The hull design favors straight-line speed and stability, rolling 13.5 degrees into turns and demonstrating robust wave penetration thanks to its narrow entry. While capable of aggressive maneuvering, the boat is best handled at moderate speeds for occupant safety.

Conclusion

The Formula 353 Fastech powered by Ilmor's new 570 horsepower 454 small block engines delivers an impressive blend of performance, design, and innovation. The integration of these crossover engines provides a compelling option in the high-performance recreational boating segment, supported by thoughtful engineering and quality craftsmanship. The boat's handling characteristics, combined with its striking aesthetics and practical features, make it a noteworthy addition to Formula's lineup. Overall, the collaboration between Ilmor and Formula has produced a vessel that excels in speed, comfort, and style.

Rating: 4.3 out of 5

Overview from around the web 2003 Formula 353 FASTech

The 2003 Formula 353 FASTech has garnered a solid reputation among boating enthusiasts for its performance, style, and comfort

Customers frequently praise its sleek design and eye-catching profile that turns heads on the water. The boat's powerful twin-engine setup offers exhilarating speed and smooth handling, making it a favorite for thrill-seekers. Owners often highlight the spacious cockpit and luxurious interior, which provide ample seating and amenities for entertaining guests or enjoying a day out on the water. The high-quality craftsmanship and attention to detail synonymous with the Formula brand are also frequently mentioned, ensuring a secure and enjoyable experience. Additionally, fans of the 353 FASTech appreciate its versatility—whether cruising leisurely or pushing the limits at full throttle, it adapts seamlessly to the mood of the day. Overall, the 2003 Formula 353 FASTech is celebrated for its blend of performance, aesthetics, and comfort, making it a cherished choice among powerboat aficionados.

The Biggest Pros and Cons

2003 Formula 353 FASTech: Pros and Cons

Pros

Performance-Oriented Design: The Formula 353 FASTech is renowned for its performance, equipped with powerful engines and a well-crafted hull design that provides outstanding speed and agility on the water.

Sleek Aesthetics: The boat features a modern and striking design. Its aggressive lines and stylish profile make it a head-turner at the dock or cruising on the water.

Spacious Cabin: The interior offers ample space, providing comfortable seating and sleeping arrangements for overnight trips. The cabin is designed for convenience without sacrificing aesthetics.

Premium Quality Build: Formula is known for its high-quality craftsmanship and attention to detail. The 353 FASTech is built using durable materials, ensuring longevity and reliability.

Superior Handling: The boat offers excellent handling characteristics, allowing for a smooth and confident ride, even in choppy conditions.

High-Tech Features: Many models come equipped with advanced navigation systems and entertainment options, enhancing the overall boating experience.

Cons

Fuel Consumption: Due to its high-performance engines, the 353 FASTech can have higher fuel consumption. Enthusiasts should be prepared for more frequent fuel stops.

Maintenance Costs: Like many performance boats, maintenance can be more involved and costly compared to regular cruising boats.

Limited Storage Space: The focus on performance and sleek design means that storage can be limited, which might be a drawback for those looking to carry a lot of gear.

Not Beginner-Friendly: While thrilling to drive, the performance nature of the 353 FASTech may not be ideal for novice boaters who may struggle with its power and handling.

Higher Initial Investment: As a premium performance vessel, the pricing can be on the higher side compared to other boats in its class, which might be a consideration for budget-conscious buyers. The 2003 Formula 353 FASTech is an extraordinary option for performance enthusiasts, combining speed, style, and comfort, though it does come with certain trade-offs.

Made For

The 2003 Formula 353 FASTech is designed for boat enthusiasts who appreciate high-performance, speed, and luxury on the water. This sleek and powerful vessel is perfect for thrill-seekers looking to enjoy exhilarating day trips or weekend getaways. Ideal for seasoned boaters and newcomers alike, the Formula 353 FASTech combines impressive performance with comfort, making it suitable for everything from thrilling water sports to leisurely cruising. Those who value a meticulously crafted interior will find the spacious cabin and upscale finishes inviting, while the advanced engineering and proven design make it a reliable choice for both relaxation and adventure. Whether you're a competitor in the offshore racing scene or simply want to make a splash at your local marina, the Formula 353 FASTech is crafted to deliver excitement and style in equal measure.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 Formula 353 FASTech. 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 Power Cruiser 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$ 63,665
Total Payment$113,830.66
Monthly payment
$474.29/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 Formula 353 FASTech. 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 Power Cruiser 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$ 63,665
Total Payment$113,830.66
Monthly payment
$474.29/mo

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65 Gold St
Laconia, NH 03246

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