• Slide: The Image of Sailboat Islander IP Peterson 40, 1979, sailing on calm sea with mountain backdrop. - 2The Image of Sailboat Islander IP Peterson 40, 1979, sailing on calm sea with mountain backdrop. - 2
  • Slide: The Image of 1979 Islander IP Peterson 40 sailboat docked at marina, clear blue sky. - 3The Image of 1979 Islander IP Peterson 40 sailboat docked at marina, clear blue sky. - 3
  • Slide: The Image of Sailing yacht Islander IP Peterson 40, 1979, on calm sea with mountainous background. - 4The Image of Sailing yacht Islander IP Peterson 40, 1979, on calm sea with mountainous background. - 4
  • Slide: The Image of 1979 Islander IP Peterson 40 sailboat docked at marina under clear blue sky. - 5The Image of 1979 Islander IP Peterson 40 sailboat docked at marina under clear blue sky. - 5
  • Slide: The Image of 1979 Islander IP Peterson 40 cabin with wooden interior and cozy sleeping area. - 6The Image of 1979 Islander IP Peterson 40 cabin with wooden interior and cozy sleeping area. - 6
  • Slide: The Image of 1979 Islander IP Peterson 40 cabin with wooden interior and blue bedding. - 7The Image of 1979 Islander IP Peterson 40 cabin with wooden interior and blue bedding. - 7
  • Slide: The Image of 1979 Islander IP Peterson 40 interior with wooden cabinetry and blue cushioned seating. - 8The Image of 1979 Islander IP Peterson 40 interior with wooden cabinetry and blue cushioned seating. - 8
  • Slide: The Image of 1979 Islander IP Peterson 40 interior with wooden cabinetry and cushioned seating. - 9The Image of 1979 Islander IP Peterson 40 interior with wooden cabinetry and cushioned seating. - 9
  • Slide: The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden cabinetry and flooring. - 10The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden cabinetry and flooring. - 10
  • Slide: The Image of 1979 Islander IP Peterson 40 yacht bathroom with sink, toilet, and wooden cabinetry. - 11The Image of 1979 Islander IP Peterson 40 yacht bathroom with sink, toilet, and wooden cabinetry. - 11
  • Slide: The Image of 1979 Islander IP Peterson 40 yacht bathroom with wooden cabinets and stainless steel sink. - 12The Image of 1979 Islander IP Peterson 40 yacht bathroom with wooden cabinets and stainless steel sink. - 12
  • Slide: The Image of 1979 Islander IP Peterson 40 interior with wooden cabinets and seating area. - 13The Image of 1979 Islander IP Peterson 40 interior with wooden cabinets and seating area. - 13
  • Slide: The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden door and cozy cabin. - 14The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden door and cozy cabin. - 14
  • Slide: The Image of 1979 Islander IP Peterson 40 interior with wooden doors and flooring. - 15The Image of 1979 Islander IP Peterson 40 interior with wooden doors and flooring. - 15
  • Slide: The Image of Interior of 1979 Islander IP Peterson 40 sailboat with blue cushioned seating and wooden table. - 16The Image of Interior of 1979 Islander IP Peterson 40 sailboat with blue cushioned seating and wooden table. - 16
  • Slide: The Image of Stainless steel oven in 1979 Islander IP Peterson 40 yacht kitchen. - 17The Image of Stainless steel oven in 1979 Islander IP Peterson 40 yacht kitchen. - 17
  • Slide: The Image of 1979 Islander IP Peterson 40 yacht kitchen with stove, sink, microwave, and hanging mugs. - 18The Image of 1979 Islander IP Peterson 40 yacht kitchen with stove, sink, microwave, and hanging mugs. - 18
  • Slide: The Image of Interior of 1979 Islander IP Peterson 40 sailboat with kitchen and dining area. - 19The Image of Interior of 1979 Islander IP Peterson 40 sailboat with kitchen and dining area. - 19
  • Slide: The Image of Cozy cabin interior of 1979 Islander IP Peterson 40 sailboat with blue bedding. - 20The Image of Cozy cabin interior of 1979 Islander IP Peterson 40 sailboat with blue bedding. - 20
  • Slide: The Image of 1979 Islander IP Peterson 40 yacht interior with blue cushioned seating and wooden cabinetry. - 21The Image of 1979 Islander IP Peterson 40 yacht interior with blue cushioned seating and wooden cabinetry. - 21
  • Slide: The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden finishes and blue seating. - 22The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden finishes and blue seating. - 22
  • Slide: The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wood finish and blue seating. - 23The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wood finish and blue seating. - 23
  • Slide: The Image of Interior of 1979 Islander IP Peterson 40 sailboat with blue cushioned seating and wooden cabinetry. - 24The Image of Interior of 1979 Islander IP Peterson 40 sailboat with blue cushioned seating and wooden cabinetry. - 24
  • Slide: The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden finish and blue seating. - 25The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden finish and blue seating. - 25
  • Slide: The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden furnishings and blue seating. - 26The Image of Interior of 1979 Islander IP Peterson 40 sailboat with wooden furnishings and blue seating. - 26
  • Slide: The Image of Navigation station on 1979 Islander IP Peterson 40 sailboat with radar and communication equipment. - 27The Image of Navigation station on 1979 Islander IP Peterson 40 sailboat with radar and communication equipment. - 27
  • Slide: The Image of Navigation station inside 1979 Islander IP Peterson 40 sailboat with equipment and cozy cabin. - 28The Image of Navigation station inside 1979 Islander IP Peterson 40 sailboat with equipment and cozy cabin. - 28
  • Slide: The Image of Electrical control panel on a 1979 Islander IP Peterson 40 sailboat. - 29The Image of Electrical control panel on a 1979 Islander IP Peterson 40 sailboat. - 29
  • Slide: The Image of 1979 Islander IP Peterson 40 engine, blue, with visible belts and hoses in a compact compartment. - 30The Image of 1979 Islander IP Peterson 40 engine, blue, with visible belts and hoses in a compact compartment. - 30
  • Slide: The Image of Brass clock and barometer on 1979 Islander IP Peterson 40 yacht's wooden interior. - 31The Image of Brass clock and barometer on 1979 Islander IP Peterson 40 yacht's wooden interior. - 31
  • Slide: The Image of Vintage ship bell on 1979 Islander IP Peterson 40, with nautical decor and clock. - 32The Image of Vintage ship bell on 1979 Islander IP Peterson 40, with nautical decor and clock. - 32
  • Slide: The Image of Bow of 1979 Islander IP Peterson 40 sailboat docked at marina. - 33The Image of Bow of 1979 Islander IP Peterson 40 sailboat docked at marina. - 33
  • Slide: The Image of Anchor winch on 1979 Islander IP Peterson 40 sailboat deck. - 34The Image of Anchor winch on 1979 Islander IP Peterson 40 sailboat deck. - 34
  • Slide: The Image of 1979 Islander IP Peterson 40 sailboat docked at marina, view of deck and rigging. - 35The Image of 1979 Islander IP Peterson 40 sailboat docked at marina, view of deck and rigging. - 35
  • Slide: The Image of Deck of 1979 Islander IP Peterson 40 sailboat with winches and rigging. - 36The Image of Deck of 1979 Islander IP Peterson 40 sailboat with winches and rigging. - 36
  • Slide: The Image of 1979 Islander IP Peterson 40 sailboat docked in a marina, featuring a covered cockpit. - 37The Image of 1979 Islander IP Peterson 40 sailboat docked in a marina, featuring a covered cockpit. - 37
  • Slide: The Image of 1979 Islander IP Peterson 40 sailboat docked at marina, showing cockpit and deck details. - 38The Image of 1979 Islander IP Peterson 40 sailboat docked at marina, showing cockpit and deck details. - 38
  • Slide: The Image of 1979 Islander IP Peterson 40 sailboat docked in a marina, showing deck and rigging. - 39The Image of 1979 Islander IP Peterson 40 sailboat docked in a marina, showing deck and rigging. - 39
  • Slide: The Image of Steering wheel of 1979 Islander IP Peterson 40 sailboat in marina setting. - 40The Image of Steering wheel of 1979 Islander IP Peterson 40 sailboat in marina setting. - 40
  • Slide: The Image of Raymarine ST600R display on 1979 Islander IP Peterson 40 sailboat. - 41The Image of Raymarine ST600R display on 1979 Islander IP Peterson 40 sailboat. - 41
  • Slide: The Image of 1979 Islander IP Peterson 40 sailboat docked at marina, surrounded by other vessels. - 42The Image of 1979 Islander IP Peterson 40 sailboat docked at marina, surrounded by other vessels. - 42
  • Slide: The Image of Bow of 1979 Islander IP Peterson 40 sailboat docked in San Francisco marina. - 43The Image of Bow of 1979 Islander IP Peterson 40 sailboat docked in San Francisco marina. - 43
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1979 Islander IP Peterson 40

$42,000

Used

Boat in Richmond, CA 94801 US

builtBuilt in 1979
Year the boat was built
model

IP Peterson 40

Boat model
engine

1 Engine (--)

Engine type and count
length

40 feet

Overall boat length
fuel

Diesel

Fuel type
material

Fiberglass/Reinforced

Hull material

PRO RE NATA, designed by world famous Americas Cup Design winner, Doug Peterson, the Islander "IP" Racer/Cruiser has been well maintained to a very high standard and once on board, it is evident.. Doug Peterson did a nice job of designing the hull and rig that would both sail well, and have a usable and livable interior, either living aboard, or spending extended periods of time cruising or racing in local beer cans and PHRF fun races.

Nominal Length
40ft
Length Overall
39.58ft
Length at Waterline
30.83ft
Beam
11.83ft
Max Draft
7.25ft
Displacement
15674lb
Dry Weight
17000lb
Ballast
7700lb
Cabins
2
Heads
1
Fresh Water Tanks
48gal
Fuel Tanks
38gal
Holding Tanks
20gal
Hull Material
fiberglass
Engine 1
Fuel Type
diesel
Electrical
  • DC Electrical system, 12V panel with breakers,
  • Batteries: Single group 27 start & (4) 6V wired as (2) 12V house batteries:
  • Battery charger: NOCO Genius
  • AC Electrical System shore power inlet & 30 Amp 50' cord.
  • Inverter: HEART Interface
Construction
  • Construction  
    • Hull:  Multiple layers of fiberglass
      matt and roving saturated with resin.
    • Decks:  Cored FRP with molded nonskid
    • Cabin Sole:  Teak and Holly floorboards
Engines
  • Engine replaced with a matching LONG BLOCK.  150 hours since replacement.
  • Pathfinder 50-42 Hp Diesel Fresh Water Cooled (VW Rabbit engine)
  • Enclosed Engine Instrument Panel features tachometer, hour meter, volt meter, fuel, oil pressure and water temperature gauges with audible warning system.
  • 1" Stainless Steal Propeller Shaft
  • Bronze Strut
  • Three-Blade bronze Propeller
  • Fuel Tank-38 Gallon welded Aluminum w/ deck fill under starboard settee
  • Muffler is aqua-lift type
  • Sound Proofing in engine room
  • BORG WARNER Transmission
Galley

  • Sink: Dual stainless steel

  • Refrigerator: Ice box

  • Microwave: GOLDSTAR

  • Stove type: GAS SYSTEMS - propane 

     

  • Burners/Oven: 3/ yes Tanks: 3lb aluminum

     

  • Tank location: Stbd aft

  • Heat/AC: NEWPORT diesel stove by Dickinson

Electronics & Navigation

Electronics and Navigation

  • Compass: RITCHIE on pedestal,
  • Speed: SIGNET
  • Depth: SIGNET
  • VHF: STANDARD HORIZON
  • Radar: FURUNO
  • AIS: Yes
  • Autopilot: AUTOHELM
  • Stereo: WEST MARINE
  • SSB RADIO HF: ICOM HAM/SSB M-710
Deck Equipment

  • Deck equipment

    • Anchor: CQR Fwd & Danforth aft
       

    Windlass: BRITISH, 12V (rebuilt)
    Rode: 50’ 5/16” chain & 200’ 1⁄2” nylon Pulpits/Stanchions/Lifelines: Stainless steel Dock line condition: Serviceable
    Fenders: Pneumatic
    Swim ladder: Mounted
    Canvas: Bimini, mainsail cover
    Other: ACHILLES inflatable tender, 5 HP Mercury, cockpit cushions, staysail stay, dodger.

Spars and Rigging

  • Spars, rigging and sails

    • Type of rig: Dual spreader masthead sloop Material:
    • 6061 series anodized, extruded aluminum
    • Where stepped: Keel
    • Standing rigging: Nitronic 50 rod
    • Chain plates: Robust, stainless steel
    • Running rigging: Assorted polyester double braid 
    • Winches: HARKEN
    • Sail inventory: RF headsail, main, spinnaker, storm canvas
    • Vang: Hydraulic also backstay
    • Roller furling: HARKEN Mk III Unit 2
Disclaimer

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. Buyer should assume that items on the vessel at the time of viewing, but not specifically listed on this specification sheet, are not included with the sale of the yacht, and should instruct his agents, or his surveyors to investigate such details as the buyer desires validated. Buyer assumes responsibility to verify all speeds, consumptions, capacities and other measurements contained herein and otherwise provided, and agrees to instruct his surveyor to confirm such details prior to purchase. This vessel is subject to sale, price and inventory changes, and withdrawal from market without notice.

Price History

DateEventPrice
2/4/26Price decreased$42,000(-4.5%)
1/30/26No change$46,000
1/19/26Price decreased$44,000(-4.3%)

1979 Islander IP Peterson 40 Video Tours

Overview from around the web 1979 Islander IP Peterson 40

Customers praise the 1979 Islander IP Peterson 40 for its classic design and exceptional craftsmanship

Many highlight its sturdy construction and timeless appeal, noting that the boat offers a smooth and comfortable sailing experience. Owners appreciate the spacious interior layout, which provides ample room for extended cruising. The combination of traditional aesthetics with reliable performance makes it a favorite among sailing enthusiasts who value both style and functionality. Overall, feedback emphasizes the boat's durability, elegant lines, and the joy it brings on the water.

The Biggest Pros and Cons

The 1979 Islander IP Peterson 40 is a classic cruiser known for its blend of traditional design and solid construction. Here are some pros and cons to consider:

Pros

Sturdy Build: Crafted with quality materials and expert craftsmanship, the Peterson 40 offers durability and longevity.

Classic Design: The traditional lines and full keel provide excellent tracking and a comfortable ride, especially in heavy seas.

Spacious Interior: Generous accommodations make it suitable for extended cruising with comfortable living spaces.

Good Sailing Performance: Balanced sail plan and hull design offer reliable handling and respectable performance for a cruising yacht.

Reputation: Well-regarded among vintage sailing enthusiasts for its seaworthiness and timeless appeal.

Cons

Older Systems: Being a 1979 model, many onboard systems may require updating or maintenance to meet modern standards.

Weight and Speed: The full keel design and heavier displacement can result in slower speeds compared to more modern, lighter cruisers.

Limited Modern Amenities: May lack some of the conveniences and technologies found on newer yachts.

Maintenance: Older fiberglass and wood components might need regular upkeep to preserve hull integrity and appearance.

Made For

The 1979 Islander IP Peterson 40 is ideal for sailors seeking a classic, sturdy cruising sailboat with timeless design and reliable performance. Perfect for those who appreciate traditional craftsmanship combined with spacious accommodations, this vessel suits couples or small families looking to embark on coastal cruising or extended offshore passages. Its robust construction and comfortable layout make it a great choice for both seasoned sailors and those ready to invest in a well-built classic cruiser.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1979 Islander IP Peterson 40. 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 Racer/Cruiser cost in today's market, or how much does a Islander 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.
Monthly payment
$476.69/mo
$
$
Loan amount$ 42,000
OR
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Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1979 Islander IP Peterson 40. 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 Racer/Cruiser cost in today's market, or how much does a Islander 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.
Monthly payment
$476.69/mo
$
$
Loan amount$ 42,000
OR
%

Contact Rubicon Yachts

3300 Powell Street, Suite 105, Emeryville, CA, 94608

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Emeryville, CA 94608

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Contact Rubicon Yachts about 1979 Islander IP Peterson 40

3300 Powell Street, Suite 105, Emeryville, CA, 94608

By checking this box, I consent to receive recurring marketing text messages, phone calls, and emails from Rubicon Yachts at the number and email provided, including messages sent using an autodialer or prerecorded voice. Message frequency varies. Message and data rates may apply. Reply STOP to opt out or HELP for assistance. Consent is not a condition of purchase. We'll also send helpful email updates about your boat search. You can unsubscribe whenever you like. See Terms of Use and Privacy Policy.

Contact Rubicon Yachts

3300 Powell Street, Suite 105, Emeryville, CA, 94608

By checking this box, I consent to receive recurring marketing text messages, phone calls, and emails from Rubicon Yachts at the number and email provided, including messages sent using an autodialer or prerecorded voice. Message frequency varies. Message and data rates may apply. Reply STOP to opt out or HELP for assistance. Consent is not a condition of purchase. We'll also send helpful email updates about your boat search. You can unsubscribe whenever you like. See Terms of Use and Privacy Policy.

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