2001 Formula 40 Performance Cruiser Sold Boat in Chicago, IL US
Built in 2001
40 Performance Cruiser
2 Engines (2x Mercruiser)
40 feet
Gas
Fiberglass/Reinforced
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 2001 Formula 40 Performance Cruiser | |||||
|---|---|---|---|---|---|
| Price | $110,900 | $105,000 | $104,998 | $99,900 | $95,900 |
| Location | Chicago | Chicago | Chicago | Chicago | Dolton |
| Nominal Length | 40' | - | 37' | 40' | 37' |
| Draft | 3' | - | - | - | - |
| Engine Make | Mercruiser | - | Volvo | 7.4 L MPI MerCruiser | Volvo Penta |
| Total Engine Power | 425 hp | - | 370 hp | 310 hp | 375 hp |
| Days on Market | 396 | 0 | 397 | 1229 | 26 |
| Get in touch |
Other Formula boats for sale in Illinois, United States
This model features a deep-V hull for excellent stability and performance in various sea conditions. The spacious cockpit is perfect for entertaining, equipped with comfortable seating and a wet bar.
Inside, the cabin is well-designed with upscale finishes, offering a full galley, a cozy salon with ample seating, and sleeping accommodations for up to four people in a master stateroom and a guest area.
This 40 PC is powered by twin Mercruiser 8.1 MAG HO engines (735 hrs), providing powerful acceleration and smooth cruising at higher speeds in addition to a Kholer generator (125 hrs). Its blend of performance, elegance, and innovative design makes it a popular choice for boating enthusiasts looking for both adventure and relaxation on the water.
-New Isinglass, New Canvas in 2023-New Seats in 2023 with Marine Grade Vinyl-New Bottom Paint, Oxidized, Wax and Polished in 2025-New Aft Bilge Pump in 2024-New Engine hatch motor 2025-Upgraded Mercury Vesselview for bluetooth engine gauges-Upgraded and refinished dining table and stair treads in 2023-Replaced Dometic AC/ Heat in 2019-Replaced Shower head/hose in bathroom and at swim platform in 2023
This Formula is in the water and ready to show!
Price History
| Date | Event | Price |
|---|---|---|
| 9/23/25 | Price decreased | $110,900(-7.5%) |
| 9/4/25 | Price decreased | $119,900(-4.0%) |
| 8/11/25 | Initial price | $124,900 |
2001 Formula 40 Performance Cruiser Video Tours
Formula 40 Performance Cruiser: BoatTEST Review
Overview
The Formula 40 PC exemplifies the qualities that distinguish an upscale yacht from an average one. Designed with functionality and premium craftsmanship in mind, this model offers a blend of innovative features and thoughtful details that enhance both comfort and usability on the water.
Exterior Design and Cockpit
A standout feature of the Formula 40 PC is its versatile stern section, which significantly enhances the boat's functionality. The stern sunpad is equipped with twin backrests that lock into three distinct positions, allowing it to serve as an aft-facing chaise lounge for sunbathing, an aft-facing seat when at anchor, or additional forward-facing seating for the cockpit. The sunpad lifts on gas shocks to reveal storage space containing a remote control for the swim platform, which doubles as a tender or personal watercraft platform. Also stored here are filler cushions for the U-shaped cockpit seating and cocktail tables, all secured in dedicated cutouts. The cockpit seating is upholstered in Nautilex marine vinyl and includes storage compartments beneath. The cockpit area features flush-mounted stainless steel drink holders and a stereo remote control for convenience. Moving forward, the bow is easily accessible via a walk-through windshield, with ample handholds and a solid, non-skid deck that resists flexing, reflecting the build quality typical of premium yachts.
Interior Living Spaces
Inside, the galley is thoughtfully arranged on the port side, featuring a coffee docking station and generous countertop space measuring approximately 29.5 by 30 inches. The galley includes a two-burner electric stove with a safety micro switch that automatically shuts off when the lid is closed, a 5.2 cubic foot refrigerator, and a 1.8 cubic foot freezer. The cabinetry showcases dovetail joinery on all drawers, a hallmark of quality craftsmanship. The main cabin benefits from three port lights that provide natural light and ventilation. Privacy is enhanced by an innovative lighting system with dimmable uplights and adjustable covers that direct light downward, surpassing the typical curtain solutions found on many boats. Additional interior features include cedar-lined lockers behind mirrored hatches and a port-side cabinet containing a privacy safe and dovetailed drawers that retract smoothly when closed.
Private Accommodations
The forward berth offers ample storage with two pull-out drawers beneath the bed, incorporating the same automatic retraction mechanism as other drawers on board. Overhead, a hatch provides natural light, ventilation with a sliding screen, and serves as an emergency escape route. The aft cabins stand out as particularly comfortable spaces, furnished with ultra-leather seating and equipped with a 19-inch LCD television on the port side. These cabins include substantial storage, including dedicated compartments for pedestals that convert the space into additional berths. The cabins provide about five feet of overhead clearance, with a sole extension that allows occupants to stand naturally without head clearance issues.
Conclusion
The Formula 40 PC by Formula demonstrates a clear commitment to upscale design and functionality. From its adaptable stern sunpad and solid deck construction to its well-appointed galley and comfortable private accommodations, this yacht offers a premium boating experience. The attention to detail in storage solutions, lighting, and materials underscores the difference that quality craftsmanship makes in a cruiser of this class.
Overview from around the web 2001 Formula 40 Performance Cruiser
Customers praise the 2001 Formula 40 Performance Cruiser for its powerful performance and sleek design
Many highlight its spacious and comfortable interior, making it ideal for both day cruising and longer trips. Owners appreciate the boat’s reliable handling and smooth ride, noting that it performs exceptionally well even at higher speeds. The quality craftsmanship and attention to detail in the finish are also frequently mentioned, contributing to an overall feeling of luxury and durability. Additionally, users value the ample storage space and well-thought-out layout, which enhance convenience and enjoyment on the water.
The Biggest Pros and Cons
The 2001 Formula 40 Performance Cruiser offers a dynamic blend of speed, style, and comfort, making it a popular choice for boating enthusiasts. Here are some pros and cons to consider:
Pros
Powerful Performance: Equipped with robust engines, the Formula 40 delivers impressive speed and acceleration, ideal for thrill-seekers and performance lovers.
Sleek Design: Its aerodynamic and modern styling not only looks great but also enhances handling and fuel efficiency.
Spacious Cockpit: The layout provides ample seating and comfort for passengers, making it perfect for entertaining or family outings.
Quality Build: Known for solid construction and durable materials, ensuring longevity and reliability on the water.
Versatile Use: Suitable for both day cruising and longer trips, thanks to well-appointed cabins and storage options.
Cons
Fuel Consumption: The high-performance engines can lead to increased fuel use compared to more economy-focused cruisers.
Maintenance Costs: As a performance-oriented boat, upkeep and repairs may be more expensive, especially for engine and specialized components.
Limited Cabin Space: While comfortable for day trips, the cabin size might feel compact for extended stays or larger groups.
Handling in Rough Water: Although excellent in calm conditions, the boat may not perform as smoothly in very choppy or rough seas.
Made For
The 2001 Formula 40 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of high-performance speed and comfortable cruising. It is ideal for those who want a stylish and powerful boat that can deliver thrilling rides while also providing ample space and amenities for relaxing days on the water with family and friends. Whether you're into spirited day trips or extended weekend adventures, this boat caters to those who value both performance and luxury.
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Address
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Boat Location
Contact Precision Yacht Sales LLC. about 2001 Formula 40 Performance Cruiser
350 E. Michigan Ave. Suite 500, Kalamazoo, MI, 49007
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