1938 Rhodes Cutter
$250,000
Boat in San Francisco, CA 94123 US
Cutter
1 Engine (Graymarine)
38 feet
Gas
Wooden
The 1938 cutter NIKE is a classic American wooden sailing yacht designed by the renowned naval architect Philip L. Rhodes. Built just before World War II, NIKE represents the elegant transition period between traditional gaff-rigged yachts and the more modern Marconi-rigged offshore cruisers that dominated the mid-20th century.
NIKE has been owned by an award winning sailor in San Francisco Bay since his purchase of the boat in 1967. The boat has been maintained and updated several times during his ownership. Most recently, it has had the mast rebuilt and the standing rigging replaced by Richardson Bay Boatworks in Sausalito in 2025.
This boat is offered for sale along with its 60' Slip in the San Francisco Marina, subject to the rules and regulations of the SF Parks and Recreation Department. The slip is on the Head Dock in front of the St. Francis Yacht Club.
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.
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 (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.
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 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.
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.”
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 |
|---|---|---|
| 3/10/26 | Initial price | $250,000 |
1938 Rhodes Cutter Video Tours
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.
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Contact Rubicon Yachts about 1938 Rhodes Cutter
3300 Powell Street, Suite 105, Emeryville, CA, 94608













































































