2003 Formula Performance Cruiser Sold Boat in Merritt Island, FL US
Built in 2003
Performance Cruiser
2 Engines (2x Yanmar)
40 feet
Diesel
Fiberglass/Reinforced
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 2003 Formula Performance Cruiser | ||||||
|---|---|---|---|---|---|---|
| Price | $149,500 | $149,900 | $146,500 | $145,000 | $144,900 | $155,000 |
| Location | Merritt Island | Tampa | Naples | Miami Beach | Jacksonville Beach | Hollywood |
| Nominal Length | 40' | 26' | 37' | 32' | 31' | 38' |
| Draft | 3' | - | - | - | - | - |
| Engine Make | Yanmar | Yamaha | Volvo | mercury | Yanmar | Volvo |
| Total Engine Power | 420 hp | 300 hp | 155 hp | 225 hp | 315 hp | 420 hp |
| Days on Market | 224 | 241 | 372 | 52 | 1032 | 981 |
| Get in touch |
Other Formula boats for sale in Florida, United States
Just received fresh Bottom Job and complete Detailing Looks and runs like new Exceptionally equipped with nearly every factory option
Smooth riding express competes with the best in luxury amenities, upscale accommodations, long term owner satisfaction. Posh mid-cabin interior with private bow stateroom is a tasteful blend of high gloss cherry cabinetry, Ultraleather upholstery, designer fabrics and furnishings, Topside features include walk through windshield, flip up helm seat, transom storage locker, foredeck sun pads. Outstanding finish, near flawless gelcoat. Yanmar 420hp diesels.
Price History
| Date | Event | Price |
|---|---|---|
| 1/30/26 | Initial price | $149,500 |
2003 Formula Performance Cruiser Video Tours
Formula Performance Cruiser: BoatTEST Review
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.
Overview from around the web 2003 Formula Performance Cruiser
Customers praise the 2003 Formula Performance Cruiser for its sleek design and powerful performance on the water
Many highlight the boat's smooth handling and stability, making it ideal for both cruising and watersports. Owners appreciate the spacious and comfortable interior, which offers ample seating and quality finishes for an enjoyable experience. The engine reliability and fuel efficiency are also frequently mentioned as standout features. Overall, customers value the blend of luxury and performance that the 2003 Formula Performance Cruiser delivers.
The Biggest Pros and Cons
The 2003 Formula Performance Cruiser offers a blend of sporty design and comfortable cruising capabilities. Here are some pros and cons to consider:
Pros
Sleek and Stylish Design: The 2003 model features a modern, aerodynamic profile that stands out on the water.
Powerful Performance: Equipped with robust engines, it delivers strong acceleration and excellent handling for an exhilarating ride.
Comfortable Interior: The spacious cabin includes quality materials and thoughtful layouts, making it ideal for extended trips.
Versatile Layout: The boat balances performance with amenities, suitable for both day cruising and overnight stays.
Good Build Quality: Formula is known for solid construction and durability, contributing to the boat’s reliability.
Cons
Fuel Consumption: The powerful engines may result in higher fuel usage compared to smaller cruisers.
Maintenance Costs: As with many performance boats, upkeep and repairs can be more expensive due to specialized parts and systems.
Limited Cabin Space: While comfortable, the interior may feel compact for larger groups or longer stays.
Price Point: The 2003 Formula Performance Cruiser can be on the higher end of the market, which might be a consideration for budget-conscious buyers.
Made For
The 2003 Formula Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of high performance and luxury. It’s ideal for those who want a stylish, comfortable cruiser that delivers powerful speed and smooth handling, making it great for both thrilling rides and relaxing outings on the water. Whether you're entertaining guests or enjoying family time, this boat offers the versatility and quality to suit a wide range of boating lifestyles.
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Boat Location
Contact Yacht Masters about 2003 Formula Performance Cruiser
2700 HarborTown Dr., Merritt Island, FL, 32952
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