1938 Rhodes Cutter

$250,000

Used

Boat in San Francisco, CA 94123 US

builtBuilt in 1938
Year the boat was built
model

Cutter

Boat model
engine

1 Engine (Graymarine)

Engine type and count
length

38 feet

Overall boat length
fuel

Gas

Fuel type
material

Wooden

Hull material
Nominal Length
38ft
Length Overall
37.75ft
Beam
9.83ft
Max Draft
5.17ft
Cabins
1
Hull Material
wood
Hull Shape
monohull
Engine 1
Engine Make
Graymarine
Engine Model
4 Cylinder Y112
Total Power
31hp
Engine Type
inboard
Fuel Type
gasoline
Drive Type
direct
Propeller Type
3-blade
Propeller Material
bronze
SF MARINA West Basin Slip for sale with NIKE

NIKE comes with a Premier SF Marina West Basin Slip in front of the St Francis Yacht Club on the Marina.

The slip transfer is subject to the rules and regulations published by the SF Parks and Recreation Department.

Design Background

Philip Rhodes was one of the most influential yacht designers of the 20th century, responsible for hundreds of successful cruising and racing yachts. His work ranged from small daysailers to large ocean-going yachts and even naval vessels.

NIKE was conceived as a serious offshore cruising cutter—a yacht capable of long passages while maintaining the graceful lines typical of the pre-war yachting era.

Key design philosophy behind NIKE:

  • Strong, seaworthy hull suitable for offshore passages

  • Balanced cutter rig for versatility in heavy weather

  • Elegant overhangs and traditional sheer line

  • Moderate displacement for comfort at sea

Rhodes cutters of this era were often described as “seakindly”, meaning they move comfortably through waves rather than pounding.


Specifications

Specifications (Approximate)

While individual yachts can vary slightly depending on refits, a Rhodes cutter like NIKE typically has:

  • Designer: Philip L. Rhodes

  • Year: 1938

  • Type: Offshore cruising cutter

  • Construction: Carvel-planked wood on steam-bent frames

  • Length Overall: ~45 ft including the bowsprit

  • Length on Deck: ~28 ft

  • Beam: ~9' 10" ft

  • Draft: ~5' 2" ft

  • Displacement: ~24,000 lbs

The boat features long overhangs, giving it classic pre-war proportions.


Construction

Hull and Construction

NIKE was built by the Morse Boat Works in Thomaston, ME,  using traditional yacht-building techniques of the 1930s:

  • Carvel planking (flush planks over frames)

  •  Mahogany planking

  • Oak frames

  • Lead ballast keel

  • Bronze fastenings and fittings

These yachts were built to extremely high craftsmanship standards, by East Coast boatyards.


Rig, Sails and Characteristics

Rig Configuration

NIKE is a cutter-rigged yacht, meaning it carries:

  • Mainsail

  • Yankee or genoa

  • Inner staysail

  • Often a storm staysail for heavy weather

Advantages of the cutter rig include:

Heavy weather versatility

  • Smaller sails easier to manage in strong wind.

Balanced sail plan

  • Multiple headsails distribute power efficiently.

Ocean passagemaking capability

  • Allows many sail combinations for changing conditions.

This configuration is especially well suited to windy regions like San Francisco Bay.

Sailing Characteristics

Rhodes cutters are known for several distinctive sailing qualities:

1. Exceptional Balance
They tend to steer easily and track well, even in large seas.

2. Strong Upwind Ability
The deep keel and cutter rig allow efficient sailing into the wind.

3. Heavy-weather capability
Long keel and displacement provide stability in rough water.

4. Comfortable motion
They move smoothly through waves rather than slamming.

Owners often describe them as confidence-inspiring offshore yachts.

Historical Significance

NIKE represents a notable era in American yacht design:

  • Designed during the golden age of wooden yacht design

  • Reflects the work of one of America’s greatest naval architects

  • Combines traditional aesthetics with modern (for the time) performance

Rhodes also designed other famous boats including:

  • Stormy Weather (Bermuda Race winner)

  • Carina

  • Numerous classic cruising cutters and yawls

These boats helped define American offshore sailing in the mid-20th century.

Why NIKE Is Special Today

A surviving Rhodes cutter like NIKE is valued because it offers:

  • Timeless pre-war yacht design

  • True offshore capability

  • Extraordinary craftsmanship

  • Collector-level classic yacht status

The 1938 NIKE is a serious ocean-going classic cutter—beautiful, strong, and designed by one of the greatest yacht architects in American history.

Notes from Publications about NIKE

Articles About the Restoration of NIKE 1. San Francisco Chronicle / SFGate — Wooden Boat Show article (2001)

A Bay Area newspaper article about the Master Mariners Wooden Boat Show in Tiburon included details about Cavey’s restoration work.

Key points from the article:

  • NIKE was built in Maine in 1937 (often cited as 1937–1938 depending on launch year).

  • Owner undertook an extensive structural restoration.

  • The project included major frame replacement.

The article notes:

“Nike’s proud owner, … used many cans of Captain’s spar varnish on his boat’s brightwork.” 

It also reported that the boat had “90 percent new frames” after the rebuild, indicating a nearly complete structural restoration of the wooden hull. 

That level of work typically means the boat was essentially rebuilt around the original hull shape.

2. Latitude 38 — Master Mariners Wooden Boat Show (2006)

The Northern California sailing magazine Latitude 38 also mentioned the restored boat.

Highlights from the article:

  • Cavey’s Rhodes-designed cutter NIKE was displayed at the show.

  • The boat’s varnish and brightwork were widely admired.

  • Cavey had completed a two-year rebuild.

The magazine wrote:

  • NIKE won “Best of Show” in 2001 after the rebuild.

  • Later he also won People’s Choice Award at the event.

The article described the boat’s finish as:

“The mirror finish on Nike’s brightwork caused professional varnishers to stop by for tips.” 


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. 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

DateEventPrice
3/10/26Initial price$250,000

Contact Rubicon Yachts

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

Overview from around the web 1938 Rhodes Cutter

The 1938 Rhodes Cutter has garnered a reputation among sailing enthusiasts for its classic design and reliable performance

Many customers praise its elegant lines and timeless aesthetic, embodying the charm of a traditional sailing vessel. Sailors appreciate the vessel's sturdy construction, which provides confidence and stability on the water. Feedback often highlights the intuitive handling of the Rhodes Cutter, making it a wonderful choice for both seasoned sailors and those new to the sport. Owners frequently mention the spacious interior, which combines comfort with practicality, allowing for extended cruising and ease of living aboard. Additionally, the Rhodes Cutter is noted for its impressive sailing capabilities, with many users applauding its responsiveness and agility in various wind conditions. The beauty of its craftsmanship, along with the legacy of the Rhodes brand, continues to attract admirers and create lasting bonds among its owners. In summary, customers rave about the Rhodes Cutter 1938 for its blend of classic design, sailing performance, and comfortable accommodations, making it a beloved choice in the sailing community.

The Biggest Pros and Cons

The Rhodes Cutter, a classic sailing vessel from 1938, boasts both charm and functionality, making it a unique addition to the world of vintage boats. Here are some of the pros and cons associated with this distinguished vessel:

Pros

Timeless Design: The Rhodes Cutter features elegant lines and a classic design that stands the test of time, appealing to sailing enthusiasts and collectors alike.

Sturdy Construction: Built with high-quality materials and exceptional craftsmanship, these boats are known for their durability and seaworthiness, allowing for safe passage across various waters.

Sailing Performance: The cutter rig provides excellent balance and maneuverability, making it a joy to sail. The design is well-suited for both cruising and competitive sailing.

Spacious Interior: Despite its length, the Rhodes Cutter offers a comfortable cabin layout with ample headroom and provisions for extended voyages, making it suitable for long-distance cruising.

Strong Community: As a classic vessel, the Rhodes Cutter is part of a passionate community of owners and enthusiasts, allowing for shared knowledge, resources, and camaraderie.

Cons

Maintenance Requirements: Like many older boats, the Rhodes Cutter may demand significant upkeep to preserve its condition and performance, which can be time-consuming and costly.

Limited Modern Amenities: The vintage design may lack some of the conveniences and technology found in modern boats, which can affect comfort and ease of use.

Smaller Size: While the cutter's compact size is advantageous for maneuverability, it may limit space for larger crews or extensive gear compared to newer, larger yachts.

Potential for Upgrades: Owners may need to invest in upgrades or retrofitting to bring systems up to current standards, which can take place in both time and resources.

Value Retention: While classic boats can appreciate in value, they can also fluctuate based on market demand and condition. It's crucial to maintain the vessel well to safeguard its investment potential.

Made For

The 1938 Rhodes Cutter is ideal for sailing enthusiasts looking for a classic and elegant vessel that embodies timeless design and superior craftsmanship. This boat appeals to both seasoned sailors and newcomers alike, offering a balance of performance and comfort on the water. Adventurous cruisers will appreciate the cutter's ability to handle various sea conditions, making it perfect for long voyages or weekend getaways. Its spacious deck and cozy cabin provide a welcoming environment for families and friends, making it an excellent choice for shared experiences and memorable moments at sea. Whether you're exploring coastal waters or venturing into deeper seas, the Rhodes Cutter stands as a testament to classic sailing heritage, making it an appealing option for anyone who values tradition and quality in their maritime pursuits.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1938 Rhodes Cutter. 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 Rhodes 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
$1,583.09/mo
$
$
%
Principal Loan Amount$ 212,500
Total Payment$379,942.11

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1938 Rhodes Cutter. 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 Rhodes 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
$1,583.09/mo
$
$
%
Principal Loan Amount$ 212,500
Total Payment$379,942.11

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Suite 105
Emeryville, CA 94608

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