2001 Formula 370 Super Sport Boat in Sunrise Beach, MO 65079 US

$89,900

Used
builtBuilt in 2001
Year the boat was built
model

370 Super Sport

Boat model
engine

2 Engines (2x Volvo Penta)

Engine type and count
length

37 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
37ft
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
Volvo Penta
Engine Model
GXi
Total Power
420hp
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2001
Drive Type
stern
Engine 2
Engine Make
Volvo Penta
Engine Model
GXi
Total Power
420hp
Engine Type
inboard-outboard
Fuel Type
gasoline
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.
2001 FORMULA 370 SUN SPORT

2001 FORMULA 370 SUN SPORT

Price History

DateEventPrice
9/27/26Initial price$89,900

Contact Big Thunder Marine

3534 Osage Beach Parkway, Osage Beach, MO, 65065

Formula 370 Super Sport: BoatTEST Review

Reviewed by Jeff Hammond

Overview

The Formula 370SS is a premium performance cruiser measuring 38 feet 6 inches in length overall, with a beam of 10 feet 9 inches and a draft of 3 feet. Designed for versatility, it suits weekend outings, entertaining, or longer cruises. This particular model is uniquely powered by twin Ilmor 7.4 liter 483 horsepower engines integrated into the OneDrive stern drive propulsion system, blending Formula's offshore racing heritage with Ilmor's high-performance racing engine expertise.

Power and Performance

The 370SS features a 21-degree deadrise at the transom and a two-step hull design, balancing a deep-V ride with efficient planing. The Ilmor MV8 7.4 liter engines produce peak torque at 4,400 rpm, filling a power gap between 430 and 520 horsepower. During testing, the boat achieved a top speed of 53.7 miles per hour at 5,364 rpm. Cruising at 3,500 rpm yielded 31.9 miles per hour with a fuel burn of 32.7 gallons per hour, equating to one mile per gallon and a range of 191 statute miles with a 10% fuel reserve. The boat demonstrated a smooth and stable ride with minimal bow rise and consistent running attitude, handling wakes and sharp turns predictably without slipping. The Ilmor OneDrive stern drive unit, originally engineered for diesel applications, features robust gears, shafts, and hydraulic transmission housed in a larger casing for durability and quieter operation. The system carries a five-year, 500-hour factory-backed warranty, reflecting its reliability and performance.

Engine and Mechanical Features

Ilmor engines are hand-built with forged steel crankshafts, rods, and pistons, based on a cast GM 454 block but extensively engineered for durability and power. The engines utilize multiple closed cooling systems with glycol-based coolant and heat exchangers to maintain optimal temperatures and reduce corrosion. Maintenance is simplified with service points and oil filters positioned for easy access, and oil change intervals set at 75 hours for the engine and 150 hours for the stern drive unit. The OneDrive's hydraulic clutch and electromagnetic relays provide smooth operation, and the system’s design allows Formula’s paint finish to extend seamlessly onto the upper unit.

Exterior Design and Deck Features

The 370SS presents a striking profile with John Adams-designed lines and a painted hull. The stern area includes shore power, cable TV, telephone, and water hookups, along with a freshwater shower for convenience. The aft-facing transom seat converts into a large sun pad with storage lockers beneath for cockpit tables, cushions, and fenders. The cockpit features a Corian-topped console with storage, a trash can, and a cold water wet bar sink with fold-down faucet, all neatly concealed under lids. A 2.3 cubic foot Isotherm drawer-style refrigerator is integrated into a curved front cabinet. The U-shaped cockpit lounge includes a dual-height, two-piece Corian table that converts into a sun pad with filler cushions. Helm seating is comfortable and versatile, with separate fold-up seats and integrated air conditioning vents. Access to the foredeck is provided by sturdy centerline steps with grab handles, leading to a bow hatch housing a Lumar electric windlass and a polished stainless Bruce anchor with 150 feet of chain stowed in a molded tub.

Helm and Electronics

The helm is ergonomically designed with white-faced analog Ilmor gauges, including dual fuel gauges flanking a compass, a central speedometer, and tachometers below. A 12-inch Raymarine Axiom Pro display is mounted to port, while the Ilmor Merlin digital dashboard on starboard offers a programmable touchscreen interface with diagnostic capabilities and detailed joystick functionality readouts. Controls for the joystick, Bennett trim tabs, and engine throttles are conveniently positioned to starboard, alongside rocker switches for lighting and electrical systems. Communication and entertainment systems, including stereo, VHF radio, and 12-volt receptacles, are integrated into the lower helm panel.

Interior Living Spaces

Below deck, the forward cabin features a wraparound settee that converts into a berth with a dual-height, three-piece gloss finish table, creating a comfortable dining or lounging area. The flat-screen television with Blu-ray player is easily visible and mounted on the electrical panel door. The compact galley is well-appointed with ample cabinetry, a microwave, a Kenyon Seagull burner cooktop, an under-mounted stainless steel sink with a stylish faucet, and Corian countertops. Dedicated glass storage is illuminated with blue LED lighting, and soft-close drawers with dovetail joinery enhance functionality. Additional amenities include a cedar-lined hanging locker with stereo controls, a galley refrigerator, and a central vacuum system with hose storage.

Private Accommodations and Head

The wet head serves as a stand-up shower and includes an electric flush toilet, stainless steel sink with modern fixtures, an opening port light, and storage both in the vanity and a mirrored overhead cabinet. The aft cabin, located behind the companionway stairs, offers a queen-size berth with crawl-in height, storage cubbies at the foot of the berth, and a flat-screen television, providing a private and comfortable sleeping area.

Conclusion

The Formula 370SS exemplifies high-quality craftsmanship and thoughtful design, delivering the performance and handling expected from the Formula brand. The integration of twin 483 horsepower Ilmor 7.4 liter engines with the OneDrive stern drive system enhances the boat’s capabilities, providing robust power, reliability, and ease of maintenance. With its versatile layout, premium finishes, and comprehensive features both above and below deck, the 370SS stands out as a well-executed cruiser suitable for a range of boating activities.

Rating: 4.5 out of 5

Overview from around the web 2001 Formula 370 Super Sport

Customers praise the 2001 Formula 370 Super Sport for its striking design and exceptional performance on the water

Many owners highlight the boat's sleek lines and stylish appearance, making it stand out at the marina. The powerful twin engines deliver impressive speed and acceleration, providing thrilling rides whether cruising or participating in water sports. The interior is often described as luxurious and spacious, featuring high-quality finishes and comfortable seating arrangements, making it ideal for entertaining or spending extended time on the water. Owners appreciate the well-thought-out layout, including ample storage, a fully-equipped galley, and a cozy cabin for relaxation. Additionally, many users commend the boat's stability and handling, which instills confidence during navigation. The 370 Super Sport is noted for its durability and craftsmanship, with many customers feeling it offers great value for the investment. Overall, the 2001 Formula 370 Super Sport is viewed as a fantastic choice for those seeking a high-performance, stylish day cruiser.

The Biggest Pros and Cons

The 2001 Formula 370 Super Sport is a well-regarded performance boat that combines style, comfort, and agility on the water. Here’s a breakdown of its pros and cons:

Pros

Powerful Performance: The Formula 370 Super Sport is equipped with powerful engines, offering impressive acceleration and top speeds, making it perfect for thrill-seekers.

Stylish Design: With its sleek lines and sporty aesthetics, the Formula 370 is visually striking and commands attention on the water.

Spacious Cockpit: The layout includes ample seating and a well-designed helm that promotes comfortable cruising and entertaining, allowing for social gatherings and relaxation.

High-Quality Build: Formula boats are known for their durability and craftsmanship, ensuring a solid construction that withstands the test of time and rigorous use.

Comfortable Interior: The cabin features comfortable sleeping accommodations, a well-equipped galley, and a stylish head, making it suitable for overnight trips and weekend getaways.

Innovative Technology: Many models come equipped with advanced navigation, sound systems, and other modern amenities that enhance the overall boating experience.

Cons

Fuel Consumption: The powerful engines, while great for performance, can lead to higher fuel consumption, which may not be ideal for budget-conscious boaters.

Limited Storage: While the layout is spacious, the storage options may be somewhat limited, which can be a downside for longer trips where extra gear is needed.

Maintenance Costs: The high-performance engine and premium materials can lead to elevated maintenance costs over time, especially if not properly cared for.

Draft and Size: The boat’s size and draft may limit accessibility to shallower waters and certain docking locations, making it less versatile for some users.

Price Point: As a performance-oriented boat, the Formula 370 Super Sport can be on the pricier side compared to other options in the same category, possibly making it less accessible to some buyers.

Made For

The 2001 Formula 370 Super Sport is designed for boating enthusiasts who appreciate performance, luxury, and style on the water. Ideal for individuals or families looking to make memorable outings, this powerboat appeals to those who enjoy high-speed cruising, exhilarating water sports, or simply relaxing in style on the open water. With its sleek design and powerful twin-engine setup, the Formula 370 Super Sport caters to adrenaline junkies who crave the thrill of fast-paced adventures while also providing comfortable space for friends and family. Whether you're an experienced boater or someone new to the scene, this model offers a perfect blend of technical capability and opulent amenities. Additionally, its spacious cabin and impressive onboard features make it attractive for weekend getaways and entertaining guests, making it an excellent choice for social gatherings or family fun. Those seeking sophistication and performance will find that the 2001 Formula 370 Super Sport is well-suited to their boating lifestyle.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2001 Formula 370 Super Sport. 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 Sports 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$76,415
Total Payment$136,627.18
Monthly payment
$569.28/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2001 Formula 370 Super Sport. 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 Sports 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$76,415
Total Payment$136,627.18
Monthly payment
$569.28/mo

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LocationSunrise BeachLake OzarkSunrise BeachSunrise BeachSunrise BeachLake Ozark
Nominal Length37'37'40'37'33'40'
Engine MakeVolvo PentaVolvo PentaVolvo PentaMercruiserMerCruiserVOLVO
Total Engine Power420 hp420 hp430 hp420 hp-415 hp
Days on Market2216117399747
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3534 Osage Beach Parkway
Osage Beach, MO 65065

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