2004 Formula 37 Performance Cruiser Boat in Stillwater, MN 55082 US

$99,800

Used
builtBuilt in 2004
Year the boat was built
model

37 Performance Cruiser

Boat model
engine

2 Engines (Mercuiser, Mercruiser)

Engine type and count
length

37 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
37ft
Length Overall
38.42ft
Beam
12ft
Max Bridge Clearance
11.58ft
Max Draft
2.5ft
Cabin Headroom
6.58ft
Deadrise At Transom
18deg
Dry Weight
16500lb
Heads
1
Fresh Water Tanks
55gal
Fuel Tanks
236gal
Holding Tanks
57gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
Mercuiser
Engine Model
8.1 HO Horizon
Total Power
420hp
Engine Hours
1085
Engine Type
inboard
Fuel Type
gasoline
Engine Year
2004
Drive Type
v
Engine 2
Engine Make
Mercruiser
Engine Model
8.1 HO Horizon
Total Power
420hp
Engine Hours
1085
Engine Type
inboard
Fuel Type
gasoline
Engine Year
2004
Drive Type
v
Manufacturer Provided Description

The newly re-designed Formula 37 PC measuring in length at 38' 5" with the integrated bow platform stands out among the rest as a luxury icon in today?s boating market. This PC has an elegant cabin and a roomy cockpit, which creates a comfortable ride and boating experience for everyone aboard to enjoy.

Key Features

Fresh Water

Twin 8.1 Mercruiser HO 420 HP

Garmin Radar/Chart Plotter

Raymarine Auto Pilot

Sea Deck in Cockpit and Swim platform

Vinyl Plank Flooring in Salon

Large Flat Screen TV in Salon

Kohler Generator with 975 Hours

 

 

 

 

Engine Notes

Twin 8.1 Mercuiser 8.1 Horizon HO 420 HP 1085 hours

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
6/28/25Initial price$99,800

Contact Midwest Yacht Sales

6413 St. Croix Trail North, Stillwater, MN, 55082

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 2004 Formula 37 Performance Cruiser

Customers praise the 2004 Formula 37 Performance Cruiser for its impressive combination of speed, handling, and comfort

Many highlight its powerful twin engines that deliver exhilarating performance on the water, making it ideal for both cruising and watersports. The spacious and well-designed cockpit, along with a comfortable interior featuring quality materials, receives frequent compliments for enhancing onboard enjoyment. Owners also appreciate the boat’s sleek styling and solid build quality, noting that it holds up well over time. Overall, users find the Formula 37 Performance Cruiser to be a versatile and reliable vessel that offers a premium boating experience.

The Biggest Pros and Cons

The 2004 Formula 37 Performance Cruiser is a well-regarded sport cruiser known for its blend of performance, style, and comfort. Here are some of the key pros and cons to consider:

Pros

Powerful Performance: Equipped with robust engines, the Formula 37 delivers impressive speed and handling, making it ideal for those who enjoy spirited cruising.

Sleek Design: The boat features a modern, sporty profile with clean lines and a stylish exterior that stands out on the water.

Comfortable Interior: The spacious cabin includes well-appointed accommodations such as a full galley, enclosed head, and comfortable sleeping quarters, providing a great environment for overnight trips.

Versatile Layout: The cockpit and deck areas are designed for both relaxation and entertaining, with ample seating and practical amenities.

Build Quality: Known for solid construction and attention to detail, offering durability and a premium feel.

Cons

Fuel Consumption: Due to its performance-oriented engines, fuel efficiency may be lower compared to more economy-focused cruisers.

Maintenance Costs: As a high-performance vessel with sophisticated systems, upkeep and maintenance can be more involved and costly.

Limited Storage: While comfortable, storage space can be somewhat limited for extended cruising or larger groups.

Size Considerations: At 37 feet, it may be less maneuverable in tight marina spaces compared to smaller boats, requiring some experience to handle confidently.

Made For

The 2004 Formula 37 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of luxury, performance, and comfort. Ideal for those who enjoy high-speed cruising without sacrificing spacious accommodations, this boat is well-suited for families, weekend adventurers, and entertainers looking to experience stylish design and powerful handling on the water. Whether you're planning day trips or extended outings, the Formula 37 Performance Cruiser offers the versatility and sophistication to meet a variety of recreational boating needs.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2004 Formula 37 Performance Cruiser. 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$ 84,830
Total Payment$151,672.89
Monthly payment
$631.97/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2004 Formula 37 Performance Cruiser. 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$ 84,830
Total Payment$151,672.89
Monthly payment
$631.97/mo

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Meet the Broker

Address

6413 St. Croix Trail North
Stillwater, MN 55082

Boat Location

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