2005 Formula 37 Performance Cruiser Boat in Staten Island, NY 10301 US

$118,000

$119,000

Used
builtBuilt in 2005
Year the boat was built
model

37 Performance Cruiser

Boat model
engine

2 Engines (2x 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
modified-vee
Engine 1
Engine Make
MerCruiser
Engine Model
8.1 S
Engine Hours
600
Engine Type
inboard
Fuel Type
gasoline
Drive Type
stern
Engine 2
Engine Make
MerCruiser
Engine Model
8.1 S HO
Engine Hours
600
Engine Type
inboard
Fuel Type
gasoline
Drive Type
stern
Engine Notes

Diesel and inboard engines also available.

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
9/16/26Price decreased$118,000(-0.8%)
9/9/26Initial price$119,000

Contact 365 Yachts

North Palm Beach, FL, 33408

Formula 37 Performance Cruiser: BoatTEST Review

Reviewed by Jeff Hammond

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.

Rating: 4.5 out of 5

Overview from around the web 2005 Formula 37 Performance Cruiser

The 2005 Formula 37 Performance Cruiser has garnered positive reviews from owners and enthusiasts alike, highlighting its impressive performance and luxurious design

Customers frequently praise the boat's smooth handling and powerful twin engine configuration, which provides exhilarating speeds and an enjoyable ride whether cruising or embarking on weekend adventures. Many users appreciate the thoughtful layout, which maximizes both space and comfort. The spacious cockpit is ideal for entertaining, while the well-appointed cabin features upscale materials and a cozy atmosphere, making it perfect for overnight trips. Additional highlights include the ample storage options and a fully equipped galley, enhancing the overall experience onboard. Navigational ease is another common point of praise, with many mentioning the clear visibility from the helm and the responsiveness of the controls. Owners frequently express their satisfaction with the vessel's build quality and attention to detail, reinforcing the Formula brand's reputation for excellence in the performance cruiser market. Lastly, the versatility of the 2005 Formula 37 Performance Cruiser is often mentioned, as it seamlessly adapts to both leisurely cruising and watersports, making it a fantastic choice for families and adventure seekers alike. Overall, the combination of performance, style, and comfort makes this boat a highly regarded option in its class.

The Biggest Pros and Cons

Pros

Performance-Oriented Design: The Formula 37 is known for its impressive speed and handling, making it ideal for those who appreciate a thrilling, performance-oriented boating experience.

Spacious Interior: The cruiser features a well-designed cabin with ample space for relaxation and entertaining, accommodating family and friends comfortably.

Quality Construction: Formula boats are renowned for their high-quality craftsmanship and materials, ensuring durability and a long lifespan.

Powerful Engines: Equipped with robust engine options, the 2005 model offers excellent horsepower and acceleration, perfect for those who enjoy open water cruising.

Well-Appointed Cockpit: The dual helm layout and comfortable seating arrangements in the cockpit make it a great space for socializing while underway.

Versatile Usage: This model is designed for both day cruising and overnight stays, offering versatility for a variety of boating activities.

Stylish Design: The sleek and sporty aesthetic of the Formula 37 turns heads on the water, showcasing a modern appeal that many boaters admire.

Cons

Fuel Consumption: With its performance-oriented engine choices, the Formula 37 can be less fuel-efficient compared to other cruising boats, which may lead to higher operational costs.

Maintenance Requirements: The powerful engines and advanced features may require more frequent maintenance and care to keep the boat in optimal condition.

Limited Storage: While the interior is spacious, some users report that storage options can be limited, which might be a consideration for longer trips.

Price Point: The quality and performance come with a premium price tag, which may not be within everyone's budget, especially if looking for a used model.

Draft and Beam: The size of the boat may limit access to certain shallow areas; it’s advisable to check local conditions to ensure suitability for the intended cruising spots.

Steeper Learning Curve: With its focus on performance, newer boaters may find the handling of the Formula 37 a bit challenging compared to more beginner-friendly cruisers. The 2005 Formula 37 Performance Cruiser combines style, performance, and functionality, making it a top choice for discerning boaters, though potential buyers should weigh the pros and cons based on their specific boating needs and preferences.

Made For

The 2005 Formula 37 Performance Cruiser is designed for discerning boat enthusiasts who seek a perfect blend of luxury, performance, and versatility on the water. This model is ideal for families and couples who want to enjoy extended cruising trips without sacrificing comfort or style. With its sleek lines and powerful twin engine configuration, the Formula 37 offers exhilarating speed while ensuring a smooth ride, making it perfect for thrill-seekers and weekend adventurers alike. The spacious cockpit is perfect for entertaining and lounging, while the thoughtfully designed interior provides ample living space, featuring a full galley, comfortable sleeping quarters, and modern amenities for a weekend getaway. This performance cruiser is well-suited for those who appreciate top-notch craftsmanship and attention to detail, as every element has been designed to enhance the boating experience. Whether you're exploring coastal waters or hosting friends for a sunset cruise, the 2005 Formula 37 Performance Cruiser is your gateway to thrilling adventures on the water.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2005 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$ 100,300
Total Payment$179,332.67
Monthly payment
$747.22/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2005 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$ 100,300
Total Payment$179,332.67
Monthly payment
$747.22/mo

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Price Drop
The Image of Formula 37 Performance Cruiser 2005 - 02005 Formula 37 Performance Cruiser
Price$118,000$125,900$109,900$100,000$100,000$99,000
LocationStaten IslandLindenhurstStaten IslandShelter IslandShelter IslandLindenhurst
Nominal Length37'34'37'37'37'37'
Draft3'-----
Engine MakeMerCruiserMerCruiserMercuryMercruiserMercruiserMerCruiser
Total Engine Power-380 hp425 hp375 hp375 hp375 hp
Days on Market218952908983
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