2004 Formula 40 Performance Cruiser
$150,000
Boat in Saint Augustine, FL 32084 US
Built in 2004
40 Performance Cruiser
2 Engines (2x Yanmar)
40 feet
Diesel
Fiberglass/Reinforced
Low-Hour Yanmar Diesels • Major Mechanical Upgrades • Turn-Key & Well-Documented
This 2004 Formula 40 PC is a rare opportunity to own one of Formula's most sought-after performance cruisers, powered by low-hour Yanmar V-drive diesel engines with approximately 800 original hours. Known for its superior ride, solid construction, and upscale finish, this vessel stands apart thanks to exceptional mechanical care and extensive service documentation.
A major mechanical investment was completed in 2025 with brand-new reduction gears installed on both engines, significantly increasing reliability and eliminating a major future expense for the next owner. Boats with this level of recent drivetrain work and documentation are rarely offered.
Power & Mechanical Highlights
Twin Yanmar V-Drive Diesel Engines - approx. 800 hours
Both engine reduction gears replaced in 2025
6.5 kW generator
Extensive, multi-year documented maintenance records
Maintenance & Service Highlights
Engines serviced consistently with routine oil and filter changes
Fuel systems maintained, including fuel and air filter service
Raw-water cooling systems serviced, including impellers, strainers, and zincs
Heat exchangers and cooling components inspected and maintained
Belts and hoses replaced as required
Transmission and drivetrain serviced and inspected
Electrical and charging systems checked and maintained
Generator regularly serviced
Preventative maintenance prioritized to ensure reliability and longevity
The maintenance records clearly reflect ownership focused on mechanical integrity, safety, and long-term dependability-a critical factor for serious diesel buyers.
Accommodations & Layout
The Formula 40 PC is renowned for its wide beam, open cockpit layout, and upscale interior, making it equally well-suited for cruising, entertaining, or extended weekends aboard. Features include:
Spacious salon with premium finishes
Well-equipped galley
Forward master berth
Comfortable mid-cabin accommodations
Enclosed head with separate shower
Whether running offshore, entertaining dockside, or cruising with family and friends, this Formula 40 PC delivers the performance, confidence, and quality that define the Formula brand.
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
| Date | Event | Price |
|---|---|---|
| 4/30/26 | Price decreased | $150,000(-3.2%) |
| 2/20/26 | Price decreased | $155,000(-6.1%) |
| 1/21/26 | Initial price | $165,000 |
Videos from Knot 10 Yacht Sales on this 2004 Formula 40 Performance Cruiser
2004 Formula 40 Performance Cruiser Video Tours
Boattest.com 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 2004 Formula 40 Performance Cruiser
Customers praise the 2004 Formula 40 Performance Cruiser for its powerful performance, sleek design, and comfortable interior
Many highlight its impressive speed and smooth handling, making it ideal for both cruising and entertaining. The spacious cabin and well-appointed amenities receive positive remarks for providing a luxurious on-water experience. Overall, owners appreciate the blend of performance and comfort that this cruiser delivers.
The Biggest Pros and Cons
The 2004 Formula 40 Performance Cruiser offers a compelling blend of speed, style, and comfort, making it a popular choice for boating enthusiasts. Here are some of the 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 sporty and aerodynamic profile not only turns heads but also enhances fuel efficiency and handling.
Comfortable Interior: The cruiser features spacious seating and well-appointed cabins, providing a comfortable environment for day trips or overnight stays.
Quality Build: Known for solid construction and durable materials, it offers reliability and longevity on the water.
Versatile Layout: The boat’s layout accommodates both entertaining guests and enjoying private family time, with ample storage and functional amenities.
Cons
Fuel Consumption: Due to its high-performance engines, the Formula 40 may have higher fuel consumption compared to more economy-focused cruisers.
Maintenance Costs: Performance boats often require more frequent and specialized maintenance, which can add to overall ownership expenses.
Limited Cabin Space: While comfortable, the cabin space may be somewhat compact for extended cruising or larger groups.
Handling in Rough Waters: Although designed for performance, the boat’s size and design may be less stable in very rough sea conditions compared to larger cruisers.
Made For
The 2004 Formula 40 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of high-performance speed and luxurious comfort. Ideal for those who want an exhilarating ride on the water without sacrificing style or onboard amenities, this boat caters to individuals and families looking to enjoy both thrilling cruises and relaxing day trips. Its versatile design makes it suitable for experienced boaters who appreciate advanced engineering and those who desire a premium, all-around performance cruiser.
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| $150,000 | $149,500 | $145,500 | $157,900 | $139,900 | $164,950 |
| Saint Augustine | Merritt Island | Cape Coral | Miami Beach | Fort Lauderdale | Palmetto |
| 40' | - | 37' | 40' | 40' | 41' |
| 3' | - | - | - | - | - |
| Yanmar | - | Volvo | Volvo Penta | Yanmar | Volvo Penta |
| - | - | 370 hp | 370 hp | 440 hp | 370 hp |
| 119 | 47 | 221 | 192 | 31 | 286 |
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