2003 Formula 37 Boat in Cape Coral, FL 33904 US

$79,900

Used
builtBuilt in 2003
Year the boat was built
model

37

Boat model
engine

2 Engines (2x Mercruiser)

Engine type and count
length

38 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
38ft
Length Overall
38ft
Beam
11.92ft
Max Bridge Clearance
12ft
Max Draft
3ft
Dry Weight
17000lb
Cruising Speed
30.41kn
Max Speed
39.1kn
Cabins
1
Max Passengers
12
Fresh Water Tanks
60gal
Fuel Tanks
236gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
Mercruiser
Engine Model
496 Mag MPI
Total Power
375hp
Engine Type
Inboard/Outboard
Fuel Type
gasoline
Engine Year
2003
Drive Type
stern
Propeller Material
stainless-steel
Engine 2
Engine Make
Mercruiser
Engine Model
496 Mag MPI
Total Power
375hp
Engine Type
Inboard/Outboard
Fuel Type
gasoline
Engine Year
2003
Drive Type
stern
Propeller Material
stainless-steel
Beverage Holders
Bow Rail
Camper Canvas Screen
Cockpit Seating
Cockpit Table
Compartment Storage
Cover Cockpit
Fenders
Fridge Cockpit
Rub Rails
Sea Water Washdown
Sink Cockpit
Steering Wheel
Sun Pad
Swim Ladder ( Stern )
Swim Platform
Transom Walk Through
Transom Door
Transom Shower
Windlass
Windshield Walk Through
Cabin Lighting
Cabinets
Dinette
Head
Heat
Microwave
Pressurized Water System
Shower
Sink Galley
Stove
V Berth
110v Ac Outlets
Ac Electric Panel
Bluetooth
Circuit Breaker Panel
Cockpit Accent Lighting
Courtesy Lights
Docking Lights
Fuel Gauge
Hour Meter
Iphone Aux Plug In
Oil Pressure Gauge
Power Trim & Tilt Gauge
Sirius/xm Ready
Speedometer
Tachometer
Water Heater
Bilge Blower
Bilge Pump
Closed Water Cooling Sys.
Engine Hatch Electric
Fuel Injected
Power Trim & Tilt
Trim Tab Controls
Trim Tabs
Compass
Fish Finder
Gps / Fishfinder
Gps / Plotter
Navigation Lights
Spot Light
Carbon Monoxide Detector
Engine Kill Switch
Fire Extinguisher
Fume Detector
Grab Rails
Horn
Life Jacakets
Spotlight
Yacht Certified
Bottom Paint Antifouling
Radar Arch
Tagline
Beautiful boat with updated canvas, Bravo Three I/O's, Navigation System, A/C and Heat!
Condition detail
This 2003 Formula 37 is in better-than-expected condition for its age. A/C and sound system replaced in 2000; Bimini, Sun shade and Isinglass replaced in 2022. All gauges rebuilt by Gauge Savers. The EMI Helm controls are manufactured by FP marine, original ones obsolete and no longer available. The owner reports that all functions are working as they should be and that no repairs are currently needed. The Starboard engine has 700 hours and the Port engine has 1,200 at the time of this listing. As always, we recommend you have a professional inspection along with your water test. Come see this one today before it gets away!
Selling reason
Seeking to go smaller
AC detail
CTM 12,000 BTUs
Generators
Generator 1
Detail
7.3 Kohler - 510 hrs

Price History

DateEventPrice
5/22/26Price decreased$79,900(-11.1%)
9/14/25Price decreased$89,900(-10.0%)
6/16/25Initial price$99,900

Contact Pop Yachts

5717 Bessie Drive, Sarasota, FL, 34233

Boattest.com Review

Overview

The Formula 37 PC is an upscale weekender designed with a high level of build quality and fit and finish. This model offers a blend of comfort, performance, and thoughtful features, making it well suited for weekend cruising. With a length overall of 38 feet 5 inches, a beam of 12 feet, and a draft of 34 inches, the 37 PC balances spacious accommodations with manageable handling.

Exterior Design and Cockpit Features

The stern boarding area features both a 36-inch fixed platform and a 34-inch extended platform, both surfaced with Plazdeck Teak Finish synthetic material. The extended platform is equipped with a stainless steel grab rail for safety and convenience during swimming or docking. Beverage holders flank each side, and a retractable swim step is centered below. A side-mounted pedestal base for an optional grill is located on the starboard transom, adjacent to an aft-facing seat with a sun pad base, which includes beverage holders and a stereo remote with USB connectivity. Storage is available beneath this seating. Access to the cockpit is through a 16-inch wide walkthrough with a stainless steel framed acrylic gate. A shower is mounted on the port bulkhead. The sun pad area incorporates dual flip seat backs, allowing conversion between aft-facing and forward-facing seating within the U-shaped cockpit lounge, which surrounds two removable pedestal tables. The cockpit seating demonstrates Formula’s attention to detail, featuring weather-resistant materials with a prefixed stain inhibitor, carbon fiber trim, contrast bead welding, double stitching with Tenera element-resistant thread, and custom embroidery. To port, a refreshment center with a Corian countertop includes a recessed sink, a pedestal base for a TV, a dual-voltage refrigerator below the grab rail, a trash receptacle, and the battery switch. Forward of the cockpit, a double-wide lounge with a wraparound seat back offers versatile seating options under a hardtop that stands 6 feet 11 inches above the deck. The hardtop is equipped with speakers, two opening hatches, and LED lighting. Access to the cabin is via a center-mounted sliding door.

Interior Living Spaces

Inside the cabin, the Formula 37 PC provides comfortable accommodations with a gray wash woodgrain finish and 6 feet 8 inches of headroom, creating an open and inviting atmosphere. To starboard, a relaxing sofa can be complemented with a pedestal table for dining or socializing. The galley is efficiently designed with a glass-top cabinet for stemware, a coffee garage below, ample storage, a microwave, and a concealed two-burner stove. The Corian countertop includes a recessed stainless steel sink and a trash receptacle, with a refrigerator and additional storage located beneath. Forward lies the master stateroom, accessed through twin privacy doors, featuring an island berth with storage drawers underneath. A full-length mirror on the port closet door conceals an owner's safe, and a 24-inch TV is mounted on the aft bulkhead. A mid-cabin aft of the master offers flexible use as either a sitting room or a separate cabin with a privacy curtain. The head, located at the companionway to port, includes a separate shower enclosure, a toilet, and a stainless steel sink recessed into a Corian countertop.

Power and Performance

The Formula 37 PC is powered by twin 430 horsepower Mercruiser 8.2 Mag HO ECT engines paired with Bravo 3 outdrives, though the model offers a range of ten engine options from 330 to 430 horsepower. Engine access is facilitated by an electrically actuated hatch controlled from the helm, revealing well-organized engine compartments with all checkpoints located at the front for ease of servicing. A step is provided to aid maintenance, and the center platform conceals the engine start batteries. Additional mechanical features include a 7.5 kW generator with raw water pickup, a hot water heater on the starboard side, house batteries on port, a day hatch in the deck, and two engine flush quick connects on the port bulwarks. Dockside connections include shore power, TV, phone, and city water inlets. The helm is equipped with a recessed compass to reduce glare, dual fuel gauges, a 7-inch SmartCraft display with full functionality, a Lumar chain counter, outdrive trim gauges, and a tri-data display. Controls include rocker switches, VHF horn, stereo controls, a tilt steering wheel, joystick controls for the remote spotlight and Mercury joystick piloting system, trim tab rockers with LED indicators, and Mercury digital throttle and shift controls featuring single-lever operation and engine synchronization. The wraparound windshield is supported by a stainless steel frame with a walkthrough to the bow.

Performance Metrics

During testing with twin 430 horsepower engines, the Formula 37 PC achieved a top speed of 46.5 miles per hour at 4850 RPM. The best economic cruise was recorded at 3500 RPM, corresponding to 30 miles per hour, where the boat consumed 39 gallons of fuel per hour, yielding 0.8 miles per gallon and a range of 147 statute miles while retaining a 10% fuel reserve from the total 212-gallon capacity. The boat reached planing speed in an average of 5.4 seconds with minimal bow rise, accelerated to 20 miles per hour in 10 seconds, and to 30 miles per hour in 19 seconds. Handling characteristics include a 19-degree roll into turns with a subtle slide that mitigates the sensation of being pushed outward, contributing to a balanced and confident ride. The Mercury joystick system greatly enhances low-speed maneuverability, allowing precise docking even in challenging conditions such as wind or current, making the boat accessible for operators upgrading from smaller vessels.

Conclusion

The Formula 37 PC exemplifies what a weekend cruiser should offer, combining a high level of comfort, thoughtful design, and refined fit and finish. Its versatile interior, well-appointed exterior features, and strong performance capabilities make it a compelling choice for those seeking a quality boat for leisure cruising. The advanced joystick piloting system further enhances ease of handling, particularly in docking scenarios, providing confidence for operators of varying experience levels. Overall, the 37 PC reflects Formula’s commitment to craftsmanship and functionality.

Overview from around the web 2003 Formula 37

Customers praise the 2003 Formula 37 for its sleek design, powerful performance, and comfortable interior

Many highlight the boat’s excellent handling and smooth ride, making it ideal for both cruising and entertaining. The spacious cockpit and well-appointed cabin receive positive remarks for providing ample comfort and convenience. Overall, owners appreciate the combination of style, functionality, and reliability that the 2003 Formula 37 offers.

The Biggest Pros and Cons

The 2003 Formula 37 is a sleek and powerful sport cruiser known for its performance and stylish design. Here are some pros and cons to consider:

Pros

Performance: Equipped with robust engines, the Formula 37 delivers impressive speed and smooth handling, making it ideal for both cruising and watersports.

Design: The boat features a modern, aerodynamic profile with a spacious cockpit and comfortable seating, providing an enjoyable experience for passengers.

Build Quality: Known for its solid construction and attention to detail, the 2003 Formula 37 offers durability and reliability.

Comfort: The interior is well-appointed with quality materials, offering amenities such as a full galley, sleeping accommodations, and a functional head, suitable for overnight trips.

Entertainment: Ample space for socializing and entertainment with features like a wet bar and audio system enhance onboard enjoyment.

Cons

Fuel Consumption: With powerful engines, the Formula 37 can be relatively fuel-hungry, which may increase operating costs.

Maintenance: As a well-equipped boat with complex systems, maintenance and repair can be more demanding and potentially costly.

Space: While spacious for its class, larger families or groups may find the cabin and deck space somewhat limited for extended stays.

Age: Being a 2003 model, some components may require updating or refurbishment to meet modern standards and ensure optimal performance.

Made For

The 2003 Formula 37 is designed for boating enthusiasts who seek a perfect blend of performance, luxury, and comfort. Ideal for those who enjoy stylish cruising, entertaining guests, and spending quality time on the water, this model caters to individuals or families looking for a reliable and elegant sport cruiser. Whether you're planning day trips or weekend getaways, the Formula 37 offers spacious accommodations and powerful handling to enhance your boating experience.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 Formula 37. 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 Express 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$ 67,915
Total Payment$121,429.50
Monthly payment
$505.96/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 Formula 37. 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 Express 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$ 67,915
Total Payment$121,429.50
Monthly payment
$505.96/mo

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Meet the Broker

Address

5717 Bessie Drive
Sarasota, FL 34233

Boat Location

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