Malibu M242 Boats For Sale

The Malibu M242 is the flagship of Malibu's M series, a 24-foot, two-inch luxury wake and surf boat introduced for the 2024 model year. The Malibu boats M242 carries a beam of 8 feet 6 inches (102 inches), a draft of 32 inches, a dry weight of 7,500 pounds, and a seating capacity of 17. Its trademark shovel-nose bow and high freeboard give the boat deeper seating and a spray-free ride in chop, and the deep bow transforms from a full walkthrough to a complete playpen lounge using a flip-up filler cushion. It suits buyers who want a top-tier towboat that doubles as a large social platform for cruising, wakeboarding, surfing, and foiling.

Power comes standard from the supercharged 6.2-liter Malibu Monsoon LT4, a direct-injected marine engine built in partnership with GM Marine that produces 607 horsepower and 606 foot-pounds of torque. On the water the 2024 Malibu M242 reaches roughly 43 mph at 5,600 RPM at full throttle. Wave shaping runs through Surf Gate Fusion molded into the hull and Power Wedge III, with factory presets that set wakeboard mode near 22.5 mph and surf mode around 11 mph. Six subfloor hard ballast tanks plus two plug-and-play bags in the rear lockers feed a total ballast capacity of about 4,717 to 4,740 pounds (including Power Wedge III), and the quick-fill system fills or drains in under four minutes.

The helm uses the Malibu Command Center, built around a 12-inch center touchscreen for ride, engine, and ballast functions and a 7-inch secondary touchscreen for audio and zoned RGB lighting. Docking, transom, and 360-degree cameras integrate into the display, and a Go Home button drains ballast, stows Power Wedge III and Surf Gate, and disengages cruise control at once. The helm seat is powered for height with swivel and slide function, the steering wheel tilts, and a Malibu Sport Dash rotary knob keeps cruise, volume, Surf Gate, and wedge controls by the throttle hand. Stern Turn, an underwater thruster at the transom, lets the driver steer the stern left or right in reverse for tight docking and ramp work. Surf Band adds wrist control of volume, cruise speed, Power Wedge III, and Surf Gate transfers.

The cockpit centers on wraparound seating with a Max-Pivot seat that converts from a bench to a rear-facing seat, a flat dining table, or a sunbed, plus a starboard cooler storage locker that doubles as a backrest. A port-side auxiliary touchscreen lets passengers run the lighting, audio, and heater, and it can be locked out from the helm. The boat carries 15 cockpit cup holders, five phone holders with wireless charging, glove box and underseat storage, and a three-layer tri-density soft grip floor positioned so you never step on the upholstery. The bow adds eight cup holders, two wireless-charging phone holders, flip-down armrests, and communicating storage that connects to the observer locker.

Audio runs through a Wet Sounds system with 10 interior speakers, up to four tower speakers, and up to four 12-inch subwoofers. The standard G10+ power tower holds four 10-inch speakers and four PTM Clamp Force 3.0 ratcheting board racks, folds at the turn of a dial for bridges and lifts, and carries integrated LED and RGB lighting, tower misters, and a bimini with two top board slots and zippered mesh pockets, giving up to 10 board spots. At the transom, Max Relax sundeck loungers slide and flip between rear backrests and forward-facing recliners, an easy-stash board locker sits under gull-wing engine hatches and a center walkthrough hatch, and a powered flip-down swim step eases reboarding alongside six cup holders, a stereo remote, and transom misters.

For buyers comparing a Malibu M242 boat for sale, options worth weighing include the four-subwoofer audio upgrade, RGB lighting with Fang tower lights, an optional hot-and-cold transom shower, and the extended awning that shades nearly the whole boat. Exterior gel coat is customizable with new color tones and metallic flake choices, including Sienna Coral Metallic.



Currently, there are 525 boats available for sale for Malibu boats. Prices range from $7,900 to $458,260, with an average listing price of $172,125. The inventory includes 254 new boats and 271 used boats. The fleet is comprised of 525 powerboats. 1 boat has been added to the marketplace in the past month. Popular boat types include Ski and Wakeboard, Bowrider, Other, and Deck. boats are most popular in Bellevue, Draper, Waterford, Coeur d'Alene, and Elkton. There have been 2,006 boats listed on MarineSource that have sold in the past year. June is the most common month for new and used boats to be added to MarineSource, so be sure to check back regularly. June is the most common month for boats to sell, so be sure to beat the rush! The most common activities for boats are watersports, family fun, day cruising, and long distance cruising. Most boats contain joystick, gps, heated interior, depth sounder, and radio. boats tend to have an average of 1 engine. It is common for boats to have Malibu engines or Indmar engines or Monsoon engines.