1978 Grand Banks 42 Classic Boat in New Smyrna Beach, FL 32168 US
Built in 1978
42 Classic
2 Engines (2x Ford Lehman)
42 feet
Diesel
Fiberglass/Reinforced
An iconic boat that needs no introduction, the Grand Banks 42 is easily the most successful trawler design ever produced. Although called a trawler, the Grand Banks does not have a trawler hull. Rather, she rides on a semi-displacement hull with a tall bow, hard chines, and a full keel which gives her a moderate 4'2" of draft. One of the most desirable features of the Grand Banks 42 is her roomy full-teak interior. Built with the galley forward to port in the salon, opposite the lower helm. The master stateroom is aft and came with a walkaround double berth and split head and shower compartments. The forward stateroom has V-berths. A sliding door at the helm provides deck access, and full walkaround decks make getting around easy and secure. Twin 120hp Ford Lehmans allow her to cruise at 9 to 10 knots.
Accommodation
Step aboard and you'll immediately appreciate the warmth and craftsmanship that made the Grand Banks 42 a cruising icon. Rich teak joinery, a teak parquet sole, and expansive salon windows create a bright and inviting living space that feels far larger than her 42 feet. The main salon features an L-shaped settee to starboard, a teak dining table with folding leaves, and a lower helm station to port, offering excellent visibility while underway and comfortable accommodations at anchor.
Forward, the galley is conveniently located within the main living area, allowing the chef to remain part of the conversation. Equipped with refrigeration, freezer space, a stove, oven, microwave, and generous storage throughout, it is well suited for extended cruising or full-time living aboard. Wide side decks and direct access from the salon make moving about the vessel easy and secure in all conditions.
Accommodations include a private forward guest stateroom with V-berths and an owner's stateroom aft featuring a comfortable double berth and abundant storage. Two heads serve the vessel, each with separate shower facilities, providing privacy and convenience for owners and guests alike. Whether cruising the Great Loop, exploring the Bahamas, or enjoying life aboard in your favorite marina, the Grand Banks 42 delivers a layout that remains one of the most practical and comfortable ever designed.
Interior Comforts and Amenities
• 3-zone air conditioning with dedicated units for the salon, forward stateroom, and aft stateroom
• New interior and flybridge cushions
• Inside helm station for all-weather operation
• Flat-screen TV in salon with Starlink internet
• 3-burner cooktop with oven
Electronics and Navigation
• Dual helm stations (flybridge and lower helm)
• Garmin GPSMAP 1022xsv multifunction display at lower helm with GPS, chartplotter, sonar, radar integration, and AIS capability
• Garmin GPSMAP 7607xsv multifunction display at flybridge helm
• Garmin Fantom 24 solid-state radar with up to 48 NM range
• AIS receiver (target tracking only, not transmitting)
• Icom IC-M605 VHF radio at lower helm
• Icom IC-M330 secondary VHF radio
• Si-Tex VHF radio at flybridge helm
• Benmar autopilot
• Datamarine depth sounder
• Dual 6-inch Danforth compasses
• Analog engine gauges including tachometers, Hobbs meters, oil pressure, and engine temperature
Electrical Systems
• 600Ah LiFePO4 house battery bank with ANCEL battery monitor
• New engine and generator starting batteries
• New battery wiring throughout, including fuse blocks and battery switches
• (2) Renogy 12V to 12V DC chargers for propulsion engines
• Renogy 3000W inverter
• NOCO Genius battery charger/maintainer
• Renogy Rover MPPT solar charge controller
Deck and Hull Equipment
• Original teak decks removed, fiberglassed over, and finished with Awlgrip nonskid
• Custom hardtop flybridge bimini designed for future full enclosure
• Anchor windlass with 50 ft of 3/8-inch BBB chain and 200 ft of 5/8-inch nylon rode
• Walker Bay dinghy mounted on pivoting stern hinges with sailing rig
Sails and Rigging
• Stabilizing sail for use underway or at anchor
• Stabilizing boom doubles as a davit for hoisting the tender aboard
Mechanical Equipment
• Custom 3-compartment aluminum diesel fuel tanks with visible sight gauges
• Racor dual-bowl fuel filters with vacuum gauges for each engine
• Dripless shaft seals
• Propeller shafts recently removed and professionally balanced
Engine Information
Engines: Twin Ford Lehman naturally aspirated diesel inboards
Model: 2715E
Horsepower: 120 HP each
Port Engine
• Serial Number: 096444
• Hours: 2,203.8
Starboard Engine
• Serial Number: 096394
• Hours: 2,576.0
Tankage
• Fuel: 580 gallons (new aluminum tanks)
• Fresh Water: 265 gallons
• Holding: 50 gallons
Tender Owner's Comments and Boat History
Dinghy: Walker Bay
Outboard: Tohatsu 3 HP (MFS3BR)
Outboard Serial Number: 036496BB
Owner's Comments and Boat History
Aegir is a 1978 Grand Banks 42 Classic located in New Smyrna Beach, Florida. She has clearly benefited from attentive ownership and ongoing maintenance, earning an "Above Average" condition rating in her most recent marine survey conducted in March 2026. The survey noted a recently renewed exterior paint finish, a well-kept teak interior, clean machinery spaces, and numerous system upgrades.
Aegir has enjoyed an active but carefully managed cruising life under her current ownership, spending much of her time exploring the Florida Keys and cruising the Intracoastal Waterway. Rather than sitting idle at the dock, she has been regularly exercised and maintained as a true cruising vessel, benefiting from consistent use and attentive stewardship.
The owner has followed a disciplined maintenance schedule that includes annual haul-outs for bottom painting and inspection. In addition, a professional diver has cleaned the hull and running gear monthly. Above the waterline, the vessel has received routine washdowns approximately every two weeks.
Owned by a FedEx airline pilot with a strong emphasis on safety, preparedness, and systems management, Aegir has been maintained with a philosophy centered on reliability, redundancy, and preventative maintenance.
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 |
|---|---|---|
| 6/29/26 | Initial price | $129,500 |
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Overview from around the web 1978 Grand Banks 42 Classic
The 1978 Grand Banks 42 Classic has garnered a reputation for its timeless design and exceptional craftsmanship, drawing positive remarks from owners and enthusiasts alike
Many customers appreciate its sturdy construction and seaworthiness, which make it an ideal choice for both cruising and extended journeys. Reviewers often praise its spacious interior layout, featuring a warm, inviting salon and comfortably appointed staterooms, perfect for relaxing after a day on the water. Boat owners frequently highlight the vessel's classic trawler lines and beautiful teak finishes, which contribute to its aesthetic appeal. The traditional look is complemented by practical features, such as ample storage space and a well-designed galley, making it a functional choice for both short trips and long-term living. Many customers also commend the Grand Banks 42 Classic for its reliability and ease of handling, even for those who may be newer to boating. The boat’s fuel efficiency is often noted, allowing for economical cruising without sacrificing performance. Overall, those who own a 1978 Grand Banks 42 Classic feel a deep sense of satisfaction, appreciating its blend of elegance, comfort, and durability on the water.
The Biggest Pros and Cons
The 1978 Grand Banks 42 Classic is a timeless trawler known for its classic lines, solid construction, and enduring appeal. Here are some pros and cons to consider if you are looking at this model:
Pros
Build Quality: Grand Banks boats are renowned for their robust construction, often featuring solid fiberglass hulls that stand up to the rigors of long-term use.
Classic Design: The charming lines and traditional aesthetic of the Grand Banks 42 Classic make it a favorite among boating enthusiasts who appreciate classic yacht design.
Spacious Interior: The layout typically includes two spacious staterooms, a large salon, and a well-equipped galley, providing comfortable accommodation for extended cruising.
Efficient Cruising: Equipped with efficient diesel engines, the Grand Banks 42 offers good fuel economy, making long-distance cruising more feasible without excessive fuel costs.
Seaworthy Performance: Designed for stability and ease of handling, this vessel performs well in various sea conditions, providing confidence for offshore adventures.
Strong Community: There is a robust community of Grand Banks owners and enthusiasts, which can be an excellent resource for support, advice, and camaraderie.
Cons
Age Considerations: As a model from 1978, age can bring potential maintenance challenges. Older systems and materials may require upgrades or replacements.
Limited Speed: The Grand Banks 42 is not a speedboat; it’s designed for cruising rather than fast travel, which may not suit those looking for high-speed performance.
Maintenance Requirements: The classic wood interior and exterior, while beautiful, may require more upkeep than modern materials, including varnishing and care to prevent wear.
Size Constraints: While spacious, the layout may feel less versatile compared to contemporary designs, which often feature more open and adaptable spaces.
Draft Limitations: With a deeper draft than some other cruisers, this model may not be ideal for shallow waters or certain marina conditions.
Cost of Ownership: Depending on the condition and any upgrades made, the cost of purchasing and maintaining a classic model like the Grand Banks 42 can be relatively high.
Made For
The 1978 Grand Banks 42 Classic is ideal for discerning yacht enthusiasts seeking a blend of classic charm and modern functionality. This timeless vessel caters to a variety of owners, including: 1. Cruising Aficionados: Those who enjoy long-distance cruising will appreciate the Grand Banks 42's robust construction and seaworthy design. Its spacious layout and efficient fuel consumption make it a comfortable choice for extended passages. 2. Family Boaters: With ample sleeping accommodations and a welcoming interior, this boat is perfect for family outings or entertaining friends. The inviting salon and well-equipped galley create a home-like atmosphere on the water. 3. Fishing and Recreational Enthusiasts: The wide, stable platform is conducive for fishing and various recreational activities. Its reliable performance ensures a smooth ride while enjoying the open waters. 4. Restoration and Classic Boat Collectors: Those passionate about classic yachts will find the Grand Banks 42 a rewarding project. Its timeless design and quality craftsmanship appeal to collectors and restoration enthusiasts looking to maintain a piece of maritime history. 5. Liveaboard Seekers: The roomy accommodations and essential amenities make it an excellent choice for individuals or couples looking to live aboard. Its manageable size allows for easy handling while providing all the comforts of home. In summary, the 1978 Grand Banks 42 Classic is perfect for anyone who appreciates quality craftsmanship, timeless design, and the joys of life on the water. Whether you're a seasoned sailor or new to boating, this vessel offers a unique opportunity to create lasting memories on the water.
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 1978 Grand Banks 42 Classic | |||||
|---|---|---|---|---|---|
| $129,500 | $134,500 | $134,500 | $118,900 | $118,900 | $99,000 |
| New Smyrna Beach | Daytona Beach | Daytona Beach | Fort Lauderdale | Dania | Moore Haven |
| 42' | 46' | 46' | 42' | 42' | 49' |
| 4' | - | - | - | - | - |
| Ford Lehman | Lehman | Lehman | Caterpillar | Caterpillar | 2715 E |
| 120 hp | 135 hp | 135 hp | 210 hp | 210 hp | 120 hp |
| 6 | 68 | 143 | 48 | 286 | 39 |
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Other Grand Banks boats for sale in Florida, United States
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