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1988 Grand Banks 42 Classic Boat in Gig Harbor, WA 98335 US

$185,000

Used
builtBuilt in 1988
Year the boat was built
model

42 Classic

Boat model
engine

2 Engines (2x Ford Lehman)

Engine type and count
length

42 feet

Overall boat length
fuel

Diesel

Fuel type
material

Fiberglass/Reinforced

Hull material

THERE IS NO MORE SOUGHT AFTER BOAT FOR CRUISING PACIFIC NORTHWEST WATERS!

This Grand Banks Classic 42 trawler has been meticulously maintained in a covered slip for the last 20 years. The 46' covered slip at Harborview Marina in downtown Gig Harbor is available for long term rental with the purchase of boat.

The Grand Banks 42 has developed a following that is unparalleled among knowledgeable cruisers who are looking for an economical and dependable cruising yacht. The Classic layout, with her two staterooms, each with its own private head, separated by the salon, is an ideal vessel for couple with children, or guests, providing complete privacy for each stateroom. The large salon windows, for which Grand Banks is known, surround the owner and guests with a 360 degree view and excellent visibility from the helm while flooding the spacious salon with daylight. Out on deck, the Grand Banks tradition continues with wide and secure walk around decks protected by generous bulwarks and staunch railings.

A veteran of the Inside Passage, she welcomes you aboard by way of the traditional Grand Banks side gates or from the swim step via the transom gate. She features the traditional Grand Banks 42 Classic two stateroom layout. The interior offers the warmth of hand crafted teak cabinetry, furniture and parquet flooring for which Grand Banks yachts are known. Custom draperies are provided throughout.

Fully forward is the Guest Stateroom with V berth featuring newer custom ultra suede microfiber upholstery with a filler piece and ensuite head and shower. Next aft and up 4 steps, the helm is to starboard and the L-Galley to port. Next aft is the main salon with an L-shaped settee that surrounds the traditional style Grand Banks yacht table and a straight settee with filler piece to port. With the back cushions removed, each can serve as an additional single berth. As with the V-berth, both settees were also reupholstered with ultra-suede microfiber upholstery. Full aft and down, the master stateroom features an island walk around Queen size bed, desk and an ensuite head with separate shower compartment.

The lower helm station has great sight lines and easy access to side decks via starboard and port doors. The salon includes a built in entertainment and stowage cabinet that houses the original GB speaker control panel tied to a Sony amp, an input jack for iphone and a 24' Samsung flat screen television. The traditional GB teak drop leaf yacht table with bottle stowage below, 2 built in drawers and stowage well, seats 5-6 for dinner. A dry bar with ice maker and 3 drawers below provides for cocktail service. After sundown, overhead LED general lighting provides ample light. Fixtures include a teak book rack, Weems and Plath barometer and clock, 2 teak fishing pole racks and full length overhead teak grab rails. Large, operable windows provide ample ventilation. There is additional stowage under the settees.

You must come view this Grand Banks 42 before she is gone!

Nominal Length
42ft
Length Overall
42ft
Beam
13.58ft
Drive Up Draft
4.17ft
Displacement
37400lb
Cabins
2
Heads
2
Fresh Water Tanks
300gal
Fuel Tanks
600gal
Holding Tanks
50gal
Windlass
electric-windlass
Hull Material
fiberglass
Engine 1
Engine Make
Ford Lehman
Engine Model
SP135
Total Power
135hp
Engine Hours
7069
Engine Type
inboard
Fuel Type
diesel
Engine Year
1988
Drive Type
direct
Engine 2
Engine Make
Ford Lehman
Engine Model
SP135
Total Power
135hp
Engine Hours
7063
Engine Type
inboard
Fuel Type
diesel
Engine Year
1988
Drive Type
direct
Electric Head
✓
Heating
✓
Battery Charger
✓
Depthsounder
✓
Radar
✓
Radio
✓
Compass
✓
Gps
✓
Vhf
✓
Ais
✓
Shore Power Inlet
✓
Generator
✓
Inverter
✓
Disclaimer

Helm Electronics:

  • All new electronics in 2018.
  • Upper and Lower Helm: Garmin GPSMAP 7610XSV large color touch screen display shows any combination of GPS coordinates, chartplotter, AIS, speed, engine room camera, back up camera, flir camera, radar, depth, fish finder, etc. (New in 2018).
  • Upper and Lower Helm:  Smaller color touch screen display shows any combination of GPS coordinates, chartplotter, AIS, speed, engine room camera, back up camera, flir camera, radar, depth, fish finder, etc. (New in 2018).
  • Flir M232 Seaview infrared night viewing camera system (New in 2018).
  • Garmin GMR 18 Fantom Dome Radar (New in 2018).
  • Exhaust alarm system with remote panel (New in 2018).
  • Magnum inverter battery control monitor (New in 2018).
  • KJM C-30 mini bullet back up camera (New in 2018).
  • Professional Mariner 3 position battery monitor.
  • Pro-Mariner charger status and control panel.
  • Garmin GC-10 engine room camera (New in 2018).
  • ProSafe galvanic Isolator at aft plug in (New in 2018).
  • Failsafe galvanic Isolator at forward plug in (New in 2024).
  • Robertson autopilot with remote on flybridge.
  • Robertson rudder indicator at upper helm.
  • Upper and Lower Helm: 5” Danforth Constellation compass.
  • Signet Landmark multi-function display for speed, depth, temp, trip log, etc. which is separate and serves as a backup to the Garmin system.
  • Espar furnace control thermostat.
  • Fireboy engine fire suppression system monitor panel and shutdown.
  • TankWatch holding tank monitor.
  • 12v system ammeter and volt meter.
  • Newmar 3 station intercom.
  • Ideal windlass control panel.
  • Upper and Lower Helm: Ideal windlass control panel.
  • Pantograph ADI wipers with Imtra intermittent 3 speed controls (New wipers, motors, controls in 2015).
  • Teak rimmed destroyer wheel at lower helm. Stainless steel rimmed destroyer wheel at upper helm.
  • Custom turned wood gear and throttle knobs.
  • ICOM VHF with remote Comman Mic on flybridge.
  • Class B AIS receiver.
  • Grand Banks warning light panels at upper and lower helms. (New LED lights in 2025).
  • Single Flamm trumpet air horn.
  • Shakespeare VHF antenna.
  • Morad Electronics dedicated AIS antenna.

Electrical Systems:

  • 8 kw Onan MDKD generator.
  • Magnum ME3112 3100 watt inverter/charger (New in 2018). Separate dedicated AGM battery bank and disconnect switch for inverter system.
  • Inverter Batteries: Four Optima AGM 12v batteries (New in 2025).
  • Crossover switch under helm to tie inverter bank to house bank.
  • House/Start Batteries: Four Centennial 6v AGM batteries rated at 335 AH@20HR (New in 2021).
  • Pro-Mariner smart battery charger with monitor at helm.
  • Balmar 60 series 70 amp output alternators (New in 2013).
  • Balmar MC-614 multi-stage voltage regulators (New in 2013).
  • One Full River 12v AGM generator dedicated start battery (New in 2020).
  • Polarity indicator.
  • GFCI protected outlets.
  • AC/DC breaker panels.
  • Voltage and amp gauges.
  • SmartPlug cord plug with SmartPlug connections at bow and stern (New in 2015)
  • 30 amp shore power cord.
  • Wired bonding system (New in 2025).
  • All lighting has been replaced with LED bulbs or fixtures.
  • 12v spreader lights on the mast.

 

 

Galley:

The galley is located along the port side of the salon, opposite the lower helm station, and provides generous storage and meal preparation area for the cruising chef.

  • Princess 3 burner electric cooktop with oven.
  • Stove exhaust vent with stainless shield.
  • Grunert holdover plate refrigerator with traditional GB teak door and dedicated temp gauge.
  • Grunert holdover plate freezer with dedicated temp gauge. Holdover plate units maintain stable box temperature for up to 24 hours without connecting to shore power or running the generator.
  • Deep stainless steel sink allows easy cleanup.
  • Upper cabinetry, dishware well, custom wine glass rack, under sink cabinet, pull-out garbage bin and 5 drawer to securely store supplies out of the line of sight, yet convenient to access.
  • Panasonic 950 watt microwave.
  • U-line icemaker.
  • Dry bar with glass and bottle storage.
  • Propane rail mounted BBQ.

Plumbing Systems:

  • Sea Recovery SRC 16 gph water maker with 517 hours.
  • Stainless steel water tanks (New in 2017).
  • Marco UP6/E variable speed freshwater pump (New in 2024).
  • Raritan 12 gallon water heater.
  • Tecma electric head forward.
  • Groco manual head aft.
  • Aft deck hose washdown and separate hot and cold shower.
  • Macerator (New in 2020).

Mechanical and Engine Systems:

  • Twin Ford Lehman 2725E SP135’s with 7070 hours.
  • Fuel injectors replaced and calibrated in 2023.
  • Valve cover gaskets replaced in 2023.
  • 1 1/2” stainless Aquamet 22 shafts with traditional shaft seals (New in 2017, repacked in 2021).
  • 3 blade 26x21 bronze props cleaned and balanced in 2019.
  • Full set of spare hoses (New in 2024).
  • Espar forced air diesel furnace.
  • Dual Racor 500 FG fuel filters with alternating switch and vacuum gauges serving each main.
  • Borg Warner model 10-14 Velvet Drive transmissions.
  • Engine room exhaust blowers.
  • Cable steering with emergency tiller.
  • Adler Barbour air and water cooled compressors for refrigerator and freezer.
  • Fireboy automatic Halon engine room fire suppression system with remote helm control and monitor.
  • Dual fuel tanks with transfer piping, sight gauges and inspection ports.  
  • Bright LED lighting throughout engine room.

Deck and Hull Equipment:

  • Fiberglass semi displacement hull.
  • Teak decks.
  • Forward and aft escape hatches.
  • Electric hoist with winch.
  • Lofrans Tigres electric windlass with 3 station controls: bow pulpit and each helm.
  • Bruce anchor with 290’ of 3/8” chain rode secured to vessel with cutaway line at bitter end.
  • 600’ polypropylene shore tie line reel mounted to aft rail stanchions with removable reel.
  • Shore power connections at bow and stern.
  • Viking Standard mast-mounted tri-lens radar reflector.
  • 6:1 block and tackle rigging for raising and lowering the mast.
  • Custom stainless steel mast and boom cradle.
  • Custom stainless steel bimini cradle.
  • Hot and cold cockpit shower.
  • Full canvass (new or repaired all existing in 2020) including rails, transom, front and rear flagpoles, port and starboard running lights, windlass, front hatch, aft hatch, bimini top, upper helm station.
  • White mesh exterior shade screens for operable windows and portlights.
  • Grand Banks emergency tiller.
  • 12 volt spreader lights on the mast.
  • 10 year battery CO/smoke detector in each stateroom.
  • Handheld fire extinguishers in engine room, each stateroom, galley, flybridge.
  • Teak swim step with stainless and teak boarding ladder.
  • Full complement of lines and fenders.
  • Bottom and running gear painted in December of 2023. As of 6/24/26, Dave’s Dive Service reported that “bottom paint remains in good condition”.

Specifications:

  • Horsepower: 270 HP at 2500 rpm.
  • Cruising Speed: 8 knots at 1800 rpm (3 gph).
  • Max Speed: 13 knots.
  • Hull Length: 42’7”
  • Length at Water Line: 40’9”
  • Length overall: 47’7”
  • Beam:13’7”
  • Draft: 4’7”
  • Displacement: 37,000#
  • Bridge clearance (mast up): 23’
  • Clearance (mast down): 18’2”

Tankage: 

  • Fuel: 600 gallons. Sight tube gauges. Low test drain. Transfer piping and valves.
  • Water: 270 gallons. Transfer piping and valves. New stainless steel tanks in 2017.
  • Black Water: 50 gallons with macerator.

Tender: 

  • 10’ Achilles HB-310AX dinghy (new in 2018).
  • Aluminum vee bottom.
  • Low lift sling kit for use with davit.
  • Tohatsu 20EFI four stroke dinghy motor (new in 2018).

Exclusions: 

  • Framed photos and art.
  • Paddleboard with rack.

 

Price History

DateEventPrice
8/23/26Initial price$185,000

Contact NW Yachtnet Gig Harbor

3419 Harborview Dr. , Gig Harbor, WA, 98335

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Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1988 Grand Banks 42 Classic. 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 Trawler cost in today's market, or how much does a Grand Banks 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$ 157,250
Total Payment$281,157.16
Monthly payment
$1,171.49/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1988 Grand Banks 42 Classic. 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 Trawler cost in today's market, or how much does a Grand Banks 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$ 157,250
Total Payment$281,157.16
Monthly payment
$1,171.49/mo

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LocationGig HarborAnacortesGig HarborSequimGig HarborPoulsbo
Nominal Length42'46'42'42'32'42'
Engine MakeFord LehmanCATVolvo PentaAmmarine/John DeereLEYLANDFord Lehman
Total Engine Power135 hp320 hp306 hp120 hp165 hp120 hp
Days on Market106631918217188
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Other Grand Banks 42 Classic boats for sale in Washington, United States

Other Grand Banks boats for sale in Washington, United States

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3419 Harborview Dr.
Gig Harbor, WA 98335

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Contact NW Yachtnet Gig Harbor about 1988 Grand Banks 42 Classic

3419 Harborview Dr. , Gig Harbor, WA, 98335

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