2002 Formula 37 Performance Cruiser Boat in Fort Washington, MD 20744 US
Built in 2002
37 Performance Cruiser
2 Engines (2x MerCruiser)
37 feet
Gas
Fiberglass/Reinforced
This 2002 Formula 37 PC is located in the upper Potomac in fresh water.
Equipped with "TWIN" 496 MAG w/Bravo III (One drive newly replaced), she is a top shelf family express cruiser with low hours. Generator has 457 hours.
This boat has a bright and roomy interior that is designed to appeal to top end cruiser buyers willing to pay for the build quality of a Formula Performance Cruiser. Newer cockpit cover, all the filler cushions, tables etc. and she sleeps 6.
This mid-cabin floorplan of the 37 PC is unusually wide open and spacious thanks to the absence of any interior cabin bulkheads and or cabin doors. Headroom is excellent, the soft goods are very elegant, the furnishings of Formula are first rate as well.
Curtains are used to separate both sleeping areas in bow and stern that allow the cabin to feel larger than other competitors' models. The cockpit has a large U-shaped lounge with two tables or it can convert to a sizable sun pad or additional outdoor sleeping area. A standard wet bar and triple wide helm seat can accommodate plenty of seating as she is also Yacht Certified.
The entire transom and rear seat unit can be raised for excellent engine access and can also be reached by a service hatch under the cockpit table.
Additional key features include a walkthrough windshield, sizable walkways around the windshield and a huge transom locker for stowing all gear needed for your valuable time on the water.
She has been serviced with an open checkbook and is ready to go.
- 496 Mercury 496mag Bravo 3 (no hour meter)
- Kohler Generator 457 hours
- Bimini Top
- Cockpit cover
- Tv and upgraded Fusion sound system w/JL audio speakers and amp.
- VHF
- Sun pads
- Refrigerator and cockpit ice maker
- Bennet trim tabs
- Marine Ac/Heat
- All lights upgraded to led
- Garmin Gps
- Cockpit sink
- Microwave
- 2 burner stove
National, its agents and brokers, offer the details and descriptions of the vessels in good faith but do not guarantee, warrant, or represent the accuracy of the information or guarantee, warrant, or represent the description or condition of the vessels. A buyer should verify the description and condition of any vessel through an inspection by a qualified surveyor and/or mechanic. The vessels are offered subject to prior sale, price change or withdrawal without notice. National makes no guarantees, representations, or warranties as to title and the ability to document or register the vessel. National is acting as a broker only and all issues as to title, documentation and registration are between the buyer and seller.
Price History
| Date | Event | Price |
|---|---|---|
| 6/28/25 | Initial price | $89,900 |
2002 Formula 37 Performance Cruiser Video Tours
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 2002 Formula 37 Performance Cruiser
Customers consistently praise the 2002 Formula 37 Performance Cruiser for its powerful performance and sleek design
Many highlight its smooth handling and impressive speed, making it ideal for both cruising and watersports. The spacious and well-appointed interior receives positive remarks for comfort and style, featuring quality materials and thoughtful layout that enhance the onboard experience. Owners also appreciate the boat’s reliability and solid construction, noting that it delivers a dependable and enjoyable time on the water. Overall, the Formula 37 Performance Cruiser is valued for combining luxury, performance, and functionality in a timeless package.
The Biggest Pros and Cons
The 2002 Formula 37 Performance Cruiser offers a compelling blend of power, style, and comfort, making it a popular choice among boating enthusiasts. Here are some of the key pros and cons of this model:
Pros
Performance: Equipped with robust engines, the Formula 37 delivers impressive speed and handling, ideal for both cruising and watersports.
Design: Sleek and sporty exterior lines combined with a well-thought-out interior layout provide both aesthetic appeal and functional comfort.
Spaciousness: The cabin offers ample space with comfortable sleeping accommodations, a fully equipped galley, and a roomy head, making it suitable for extended trips.
Build Quality: Known for solid construction and durable materials, this model maintains reliability and longevity over time.
Amenities: Features such as air conditioning, entertainment systems, and plenty of storage add to the overall onboard experience.
Cons
Fuel Consumption: Due to its powerful engines and performance focus, fuel efficiency may be lower compared to more economy-oriented cruisers.
Maintenance Costs: High-performance components and sophisticated systems can lead to higher maintenance and repair expenses.
Maneuverability in Tight Spaces: While excellent at speed, the boat’s size and design might make docking or maneuvering in tight marinas more challenging for less experienced operators.
Limited Headroom: Although spacious, the cabin headroom may feel slightly restricted for taller individuals.
Made For
The 2002 Formula 37 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of high-performance speed and luxurious comfort. Ideal for those who enjoy both thrilling rides and stylish cruising, this boat caters to individuals and families looking for a versatile vessel that performs exceptionally well on the water while providing ample space and upscale amenities for relaxation and entertaining. Whether you're a weekend adventurer or someone who appreciates refined craftsmanship and sporty handling, the Formula 37 Performance Cruiser offers an excellent balance to meet your boating lifestyle needs.
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 2002 Formula 37 Performance Cruiser | |||||
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| $89,900 | $99,000 | $99,500 | $75,000 | $119,000 | $123,000 |
| Fort Washington | Chesapeake City | Chesapeake City | Queenstown | Annapolis | Edgewater |
| 37' | 34' | 34' | 33' | 37' | 43' |
| 3' | - | - | - | - | - |
| MerCruiser | Mercruiser | Volvo Penta | MerCruiser | Volvo | Yanmar |
| - | 370 hp | 370 hp | 320 hp | 375 hp | 440 hp |
| 621 | 18 | 473 | 445 | 33 | 515 |
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Contact National Yacht Sales about 2002 Formula 37 Performance Cruiser
300 North Federal Hwy, Dania Beach, FL, 33004
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