2002 Formula 37 Performance Cruiser Boat in Riverhead, NY 11901 US
Built in 2002
37 Performance Cruiser
2 Engines (2x --)
37 feet
Gas
Fiberglass/Reinforced
New listing with more specs and pics to follow. CALL THE LISTING BROKER FOR MORE DETAILS.
Price History
| Date | Event | Price |
|---|---|---|
| 6/28/25 | Initial price | $94,900 |
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 impressive blend of speed, comfort, and style
Many highlight the boat’s powerful and smooth performance on the water, making it ideal for both cruising and entertaining. The spacious and well-designed cockpit, along with the luxurious interior appointments, receive frequent compliments for providing a comfortable and enjoyable experience for family and guests. Owners also appreciate the high-quality craftsmanship and attention to detail, noting that the boat holds up well over time. Overall, the 2002 Formula 37 Performance Cruiser is celebrated for delivering an exceptional boating experience with a perfect balance of performance and luxury.
The Biggest Pros and Cons
The 2002 Formula 37 Performance Cruiser is a well-regarded sport cruiser known for blending performance and comfort. Here are some key pros and cons to consider:
Pros
Powerful Performance: Equipped with robust engines, this model delivers impressive speed and handling, making it ideal for enthusiasts who enjoy sporty cruising.
Sleek Design: The Formula 37 boasts a stylish, aerodynamic profile that not only looks great but also contributes to its performance on the water.
Spacious Interior: The cabin layout is thoughtfully designed, offering comfortable sleeping accommodations and ample living space for extended trips.
High-Quality Build: Known for solid construction and durable materials, this boat stands up well to regular use and varying conditions.
Well-Equipped Helm: The cockpit features intuitive controls and excellent visibility, enhancing the overall boating experience.
Cons
Fuel Consumption: The powerful engines, while providing great performance, can lead to higher fuel usage compared to more economy-focused cruisers.
Maintenance Costs: As with many performance-oriented boats, upkeep and maintenance may be more intensive and costly.
Limited Storage: While the interior is spacious, storage compartments may be somewhat limited for longer voyages or larger groups.
Ride Comfort in Rough Waters: Although designed for performance, the ride can feel a bit firm in choppy conditions, which might affect comfort for some passengers.
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. It's ideal for those who enjoy spirited cruising, entertaining guests, and spending extended time on the water with family and friends. Whether you're a weekend adventurer or a seasoned mariner, this boat offers the space, style, and power to enhance your on-water experience.
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| $94,900 | $99,995 | $89,800 | $79,900 | $124,000 | $124,900 |
| Riverhead | Lindenhurst | New Rochelle | Wantagh | Mamaroneck | Staten Island |
| 37' | 34' | 34' | 37' | 34' | 37' |
| 3' | - | - | - | - | - |
| - | Volvo Penta | MerCruiser | Volvo Penta | MerCruiser | Mercruiser |
| - | 260 hp | 425 hp | - | 375 hp | 420 hp |
| 988 | 187 | 425 | 7 | 196 | 332 |
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