2004 Formula 370 Super Sport Boat in Algonac, MI 48001 US

$117,000

Used
builtBuilt in 2004
Year the boat was built
model

370 Super Sport

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
37ft
Beam
10.5ft
Max Bridge Clearance
10ft
Max Draft
3ft
Deadrise At Transom
21deg
Dry Weight
14400lb
Cruising Speed
50kn
Max Speed
60kn
Cabins
1
Heads
1
Seating Capacity
8
Fresh Water Tanks
43gal
Fuel Tanks
238gal
Holding Tanks
50gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
Mercruiser
Engine Model
500 EFI
Total Power
470hp
Engine Hours
754
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2003
Drive Type
stern
Engine 2
Engine Make
Mercruiser
Engine Model
500 EFI
Total Power
470hp
Engine Hours
757
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2003
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
7/19/26Initial price$117,000

Contact Walstrom Marine

501 Bay St., Harbor Springs, MI, 49740

Formula 370 Super Sport: BoatTEST Review

Reviewed by Jeff Hammond

Boat Test Review on BoatTest.com

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 2004 Formula 370 Super Sport

Customers have praised the 2004 Formula 370 Super Sport for its exceptional blend of performance, luxury, and style

Many appreciate its powerful engines that deliver thrilling speed on the water, making it a favorite for both casual outings and adventurous excursions. The boat's sleek design and eye-catching aesthetics often draw compliments, adding to its allure. Inside, the spacious cabin and high-quality finishes receive positive feedback, with users highlighting the comfortable seating and well-appointed amenities that enhance the overall boating experience. The cockpit layout is often noted for its functionality, making it easy to entertain guests or enjoy family time on the water. Overall, owners of the Formula 370 Super Sport express satisfaction with its handling, build quality, and the versatility it offers for various water activities, from leisurely cruising to watersports. This model stands out as a compelling choice for those seeking a blend of performance and comfort in a stylish package.

The Biggest Pros and Cons

2004 Formula 370 Super Sport - Pros and Cons

Pros

Performance: The 370 Super Sport features powerful engines that deliver impressive speed and agility on the water, making it a favorite among performance boating enthusiasts.

Stylish Design: The Formula 370 boasts an unmistakable sleek and sporty profile, combined with luxurious finishes that turn heads at the dock.

Spacious Cockpit: The cockpit is designed for entertaining, featuring ample seating, a wet bar, and a well-positioned helm, providing both comfort and functionality for social gatherings.

Quality Craftsmanship: Formula is known for its high-quality construction and attention to detail, ensuring durability and reliability that owners appreciate.

Versatile Layout: With a versatile cabin layout that includes a comfortable sleeping area and galley, the 370 Super Sport is suitable for both day trips and weekend getaways.

Handling: The boat's deep-V hull design enhances its handling capabilities in varying water conditions, offering a smooth ride even in choppy seas.

Sporty Features: Equipped with advanced navigational and entertainment systems, the Formula 370 caters to those who appreciate modern technology while on the water.

Cons

Fuel Consumption: The powerful engines, while providing exhilarating performance, can lead to higher fuel consumption, which may be a concern for some owners on longer trips.

Maintenance Costs: High-performance boats typically come with increased maintenance and repair costs, especially if utilizing the boat frequently.

Space Limitations: While the cabin is spacious for an express cruiser, it may still feel cramped for larger groups, limiting overnight stays for bigger parties.

Storage: There may be limited storage compartments, which could restrict the amount of gear and supplies you can bring on board, especially for extended outings.

Price Point: The 370 Super Sport is positioned in the premium segment of the market, which may be a barrier for those seeking a more budget-friendly option.

Ride Comfort: The performance-focused hull may sacrifice some ride comfort compared to less sporty models, particularly in rough weather conditions.

Made For

The 2004 Formula 370 Super Sport is designed for enthusiasts who seek the perfect blend of performance, luxury, and style on the water. Ideal for those who appreciate high-speed cruising without compromising on comfort, this sleek vessel is perfect for families, couples, or groups of friends looking to enjoy weekend getaways, thrilling outings, or leisurely afternoons on the waves. Its powerful engines deliver thrilling acceleration, making it suitable for adrenaline-seekers and experienced boaters alike. At the same time, the spacious cockpit and thoughtfully designed interior cater to those who value elegance and convenience. Whether you're hosting a social gathering, embarking on a fishing trip, or simply relaxing in the sun, the Formula 370 Super Sport stands ready to elevate your boating experience to new heights.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2004 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 Other 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$ 99,450
Total Payment$177,812.91
Monthly payment
$740.89/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2004 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 Other 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$ 99,450
Total Payment$177,812.91
Monthly payment
$740.89/mo

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Meet the Broker

Address

501 Bay St.
Harbor Springs, MI 49740

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