2004 Formula 37 Performance Cruiser Boat in Shelter Island, NY 11964 US
Built in 2004
37 Performance Cruiser
2 Engines (2x Mercruiser)
37 feet
Gas
Fiberglass/Reinforced
Power & Mechanical - The Headline
- Both engines rebuilt, winter 2024/25 - you begin ownership with fresh power, not a question mark.
- New exhaust risers and manifolds installed at the same time - the classic big-block-gas wear items, already addressed.
- Twin MerCruiser 496 MAG (8.1L), 375 hp each on Bravo III drives - torquey, proven, and ideally suited to a cruiser of this weight.
- Kohler 7.3 kW generator with just 78 hours - effectively like-new.
- Complete service records available for review.
- Low hours since the 2024/25 rebuild, with a clean engine room that backs up the maintenance story at a glance.
The 496 is a beloved powerplant in this hull - strong off the holeshot, relaxed at cruise, and easy to live with. With both engines freshly rebuilt and the exhaust renewed, the heavy mechanical lifting is done and documented.
Provenance & Care - Condition Like This Is Rare
- Two-owner boat, purchased by the current owner directly from the original owner in 2018.
- Originally a freshwater boat - no early saltwater life, the single biggest factor in long-term hull, hardware, and engine health.
- Lift-kept in a boatshed every summer during her freshwater years - no bottom growth, no blistering, no standing in the water.
- Stored indoors every winter since new - and still is today - no weather, no UV, no freeze cycles.
- Lightly used in saltwater under current ownership, always conscientiously maintained.
- Meticulously maintained and extremely clean throughout, with service records available.
- Full burl-wood dash with the signature Formula wheel and complete analog instrumentation
- Updated dual-screen Raymarine multifunction displays (GPS/chartplotter + radar)
- Raymarine radar (radome) on the arch
- VHF, compass, trim tabs, and Bravo III drive trim at the helm
- Lewmar bow thruster for easy, confident close-quarters handling
- Electric anchor windlass
- Halon / fire-suppression system
Built to entertain and to cruise. Highlights include the sport/radar arch with a full camper-canvas enclosure (in good condition) that turns the cockpit into all-weather living space, a walk-through windshield to the bow, and the integrated full-beam swim platform with non-skid. Deep navy painted hullsides over a crisp white bottom give her a look that turns heads at the dock and on the mooring.
- Forward master stateroom with double berth, hanging lockers, and privacy curtain
- Convertible aft cabin (settee/double berth) aft of the salon
- Salon with curved UltraLeather seating and convertible dining table
- Full galley in high-gloss cherry: solid-surface countertop, stainless sink, ceramic two-burner cooktop, microwave, refrigerator, and flat-screen TV
- Private head compartment with shower
- Reverse-cycle air conditioning and heat for comfort in any season
- Seaward 11-gallon hot water heater, shore power, Kohler 7.3 kW generator (78 hrs), and the dovetailed, high-gloss joinery Formula is known for
- Both engines rebuilt — winter 2024/25
- New exhaust risers and manifolds — winter 2024/25
- Kohler 7.3 kW generator — only 78 hours
- Updated dual-screen Raymarine MFDs
- Reverse-cycle A/C and heat
- Lewmar bow thruster and windlass
- Complete service records available
Formula has spent decades earning a reputation for build quality, resale strength, and factory support that owners rave about long after the sale. The 37 PC pairs that pedigree with genuine performance and an interior that punches well above a 37-footer’s weight. A documented two-owner history, freshwater origins, summers on a lift, indoor winters, and both engines freshly rebuilt — boats this clean and this well-sorted do not come along often, and they do not stay on the market long.
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 |
|---|---|---|
| 7/4/26 | Initial price | $135,000 |
2004 Formula 37 Performance Cruiser Video Tours
Formula 37 Performance Cruiser: BoatTEST 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 2004 Formula 37 Performance Cruiser
The 2004 Formula 37 Performance Cruiser is highly regarded by customers for its blend of style, performance, and comfort
Many owners praise the sleek design and attention to detail that Formula boats are known for. The spacious cockpit is often highlighted as perfect for entertaining, featuring comfortable seating and a well-equipped wet bar. Inside, the cabin is lauded for its luxurious finish, with a well-thought-out layout that maximizes space and functionality. Owners appreciate the full galley, modern amenities, and ample sleeping quarters, making it an ideal choice for weekend getaways or extended cruises. Performance-wise, the 37 Performance Cruiser gets high marks for its powerful engine options and exceptional handling. Customers appreciate the smooth ride and ability to navigate various waters with confidence. The boat's stability and responsive steering make it a favorite among those who enjoy a spirited drive. Overall, feedback reflects a strong sense of satisfaction with the 2004 Formula 37 Performance Cruiser, combining thrilling performance with luxurious comfort, making it a standout choice in its class.
The Biggest Pros and Cons
2004 Formula 37 Performance Cruiser: Pros and Cons
Pros
Performance-Driven Design: The Formula 37 is designed for speed and agility on the water, featuring twin engines that provide impressive acceleration and handling, making it ideal for those who seek a thrilling ride.
Sleek Aesthetics: With its sleek lines and modern look, the Formula 37 exudes elegance and style. The attention to detail in the design is evident, making it a standout on the water.
Comfortable Accommodations: The interior boasts a spacious layout, with ample room for relaxation. The cabin includes a well-appointed galley, a comfortable dining area, and private sleeping quarters, making it suitable for weekend getaways.
Quality Craftsmanship: Formula has a reputation for high-quality construction, and the 37 Performance Cruiser is no exception. The materials used are durable, and the overall build is robust, ensuring longevity.
Versatile Usage: Whether you're looking to entertain guests, enjoy a family outing, or pursue water sports, the Formula 37 is versatile enough to accommodate various activities.
Outdoor Spaces: The boat features generous deck space, allowing for sunbathing, socializing, and easy access to the water. The cockpit is designed for entertainment, equipped with seating and sometimes even an outdoor grill.
Cons
Maintenance Costs: Like many performance boats, the Formula 37 may require significant upkeep, particularly regarding engine maintenance and the interior systems, which can be costly over time.
Fuel Consumption: High-performance engines typically consume more fuel, which can add to operating costs, especially during extended outings.
Limited Capacity: While the layout is comfortable for a small group, its capacity may be limited for larger gatherings or larger families, as space can become cramped.
Weather Constraints: Performance cruisers like the Formula 37 are often best enjoyed in favorable weather conditions. High winds or rough waters may limit usage or affect performance.
Steep Learning Curve: For new boaters, maneuvering a performance boat can be challenging. It may require some acclimatization and driving skills to handle effectively, especially in tight situations.
Made For
The 2004 Formula 37 Performance Cruiser is designed for boating enthusiasts who seek the perfect blend of luxury, performance, and versatility on the water. Ideal for families and groups of friends, this vessel seamlessly combines comfortable living spaces with impressive speed and agility, making it suitable for both leisurely cruises and spirited adventures. If you're an avid sailor who enjoys entertaining guests or simply relaxing under the sun, the Formula 37 offers spacious seating areas and a well-appointed cabin, complete with modern amenities. Its adept handling and robust power make it a favorite among those looking to explore coastal waters or embark on weekend getaways. Whether you're an experienced boater or a newcomer to the world of yachting, the 2004 Formula 37 Performance Cruiser is crafted to elevate your on-water experience, ensuring unforgettable moments with loved ones while navigating the open seas. Embrace the thrill of performance and the comfort of elegance with this outstanding performance cruiser.
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 2004 Formula 37 Performance Cruiser | |||||
|---|---|---|---|---|---|
| $135,000 | $135,000 | $125,900 | $99,995 | $99,000 | $94,900 |
| Shelter Island | Shelter Island | Lindenhurst | Lindenhurst | Grand Island | Riverhead |
| 37' | 37' | 34' | 34' | 32' | 37' |
| 3' | - | - | - | - | - |
| Mercruiser | Mercruiser | MerCruiser | Volvo Penta | MerCruiser | - |
| 375 hp | 375 hp | 380 hp | 260 hp | 375 hp | - |
| 4 | 3 | 809 | 213 | 24 | 1014 |
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Meet the Broker
Address
Boat Location
Contact SI Yachts – Montauk Office about 2004 Formula 37 Performance Cruiser
32 STAR ISLAND ROAD, Montauk, NY, 11954
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