Formosa 51, 1979, St Thomas, US Virgin Islands, $198,000, price reduced 5/13/10 to $119,900, 8/17/10 Under contract

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1979 Formosa 51 "Gypsy Wind"

  • Cutter/Ketch rig
  • Length 57' overall
  • Beam 14.6"

    The Gypsy Wind is an aft cockpit sailboat with a pilot house. She weighs 53,000 pouds. She is easily sailed with two people. She has the total "pirate ship" look. She turns heads everywhere we go. We cruise at 6 kts with 15kts of wind but she has been up to 9.5 kts. She is unusually fast for a large boat and her draft is 6.5'.

    Her sail package includes mainsail, genoa, yankee, mizzen, staysail and spinnaker. The sails range from a new main to a tired old mizzen.

    She sleeps 6 comfortably and has two heads and one shower. Her galley is spacious and full of light in the pilot house.

    Her engine is a 120 horsepower Perkins model T6354 M. It was rebuilt in 2006 and has less than 250 hours run time. Her generator is a Northern Lights 8K that is way more than enough for the boat. Both purr like new kittens.

    She has new batteries, new hot water heater, and a new chart plotter.

    This boat has new Awlgrip topside paint, new bottom paint, new non skid deck paint. All this work has been done in the last 6 months.

    She is ready for a blue water adventure or would make an ideal live aboard.

    She is loaded with extras and I would be happy to send you a complete list if you're interested.

  • Water - 485 gal in Stainless Steel (6 tanks) New Force 10 6 gal hot water installed (4/08) Two fresh water pumps mounted side by side. When one goes out you can switch to the other in less than 5 minutes
  • Fuel - 260 gal diesel (three tanks)
  • Generator - Northern Lights 8 KW (6800 hours) new salt water pump (4/08) New fresh water impeller (7/06)
  • Engine - Perkins T6.354.4 M (120 horsepower) rebuilt 7/06 , < 250 hours run time. All gauges are VDO and could use upgrading but are functional.
  • Drive Train - Velvet Drive transmission on 2" shaft leading to 26" bronze 3 blade propeller
  • Bilge Pumps - 2 Rule high output electric pumps with spare back up.
  • 1 - Gusher hand pump very conveniently located
  • Water Maker - yes but I have never used it. Not sure if it works. Previous owner claimed 37 gal per/hr
  • Electrical System - 110 from generator and shore power. 12 volt house system with two new D3 batteries (12/07), 24 volts for windlass and some house lighting. 8 new golf cart batteries (3/08) I love them. The boat has Phase 3 24volt and 12 volt chargers. Heart Interface charger / inverter

    Navigation -

  • New Standard Horizons chartplotter (1/08)with chip for Venezuela to Southern Florida, All the Caribbean, Mexico and Centra America.
  • New Standard Horizons VHF with loudspeaker capabilities (1/07).
  • New Standard Horizons RAM microphone for helm (1/07)
  • Furuno Radar
  • Data Marine speed / depth
  • Data Marine wind indicator
  • Simrad / Robertson Auto Pilot - works perfectly.
  • Hand held Garman GPS (new in 06)

    Rigging - all standing rigging has been upgraded to 5/16" or 1/4" stainless 7x9 aircraft cable with stalock fastening system. The stanchions are 42" high custom made 1 and 1/14" 316 stainless. The three rows of lifelines are 1/4" 7x9 stainless. All the standing rigging attachment plates on the masts were replaced with custom made 316 stainless (12/06). The after spreaders were replaced with aged spruce (12/06) The main mast spreaders were removed repainted and sealed (12/06) There are enough stalock spares to completely redo the boat if ever needed.

    Sail Inventory - a mix of old and new.

  • The Mainsail as new in 2004 and was sailed only three times in three years. Since January 2007 I have used the main about 30 times.
  • The spinnaker looks like it has never been out of the bag. I have never used it. Condition looks to be fine but unknown.
  • The genoa is OK. It needs some cosmetic stitching but the sail cloth is good.
  • The mizzen is tired. It needs replacing. I have been searching on line. A new one can be bought for about $1000.
  • The Yankee looks new. I have never used it.
  • The staysail is in good shape.
  • Sailing Hardware - Pro Furl roller furling on both foresails. All main winches have been upgraded to Lewmar self tailers. The boat has 3 -40's 2- 54's and one 50. The other 5 are a combination of Custom Yachts and Barlow. They are all in perfect working condition. The jib sheets were replaced with Kevlar 12 MM line (1/07)
  • All rigging was inspected and all recommendations were done to the riggers specs on (12/06)
  • Both masts are original and in good condition according to the rigger. However, they were painted at some point in the past by the previous owner and it makes it difficult to be precise on their condition.
  • Dinghy - no but does have a Yamaha 15 Enduro (new in 04 < 20 hours run time) Edsen Davit system on stern (easily hoists a 12' dinghy)
  • Grill - Magma Avalon the largest they makes for boats. Two urner /stainless with 2 - 7.5 pound propane tanks.
  • Topsides - New Awlgrip sprayed on 9/07
  • Bottom paint - New antifouling paint 12/07
  • Deck - teak was removed in 1999 and fiberglassed. New surface applied 2/08 (two part acrylic paint with non-skid)
  • Pilot House - painted 2/08
  • Anchors - 1 - 110 pound plow with 300' of 1/2 BB chain, 1 - 85 pound plow with 300' of 1/3" bb chain. The first 75 feet of chain is good, the rest is bad. I am planning on cutting at 75' and adding 150' of 5/8" line which is on the boat. 1 - Aluminum Danforth stern anchor with 30' of 3/8" chain and 300' of 5/8" line. Windlass - LoFrans Titan - 2400 pounds of pulling strength. Both forward anchors operate off this windlass. It also has a cat head which can come in very handy at times
  • Forward - High pressure fresh water deck rinse. Also high pressure salt water deck rinse.

    Four deck boxes -

  • 8 life jackets
  • extra lines and 6 - 1" braided dock lines (7/06)
  • Air conditioner, spare diesel fuel can, numerous tarps
  • numerous snorkel and dive gear - 2 tanks, BCD and regulator included
  • Life raft - has not been serviced in a number of years. Deck mounted on pilot house with hydrostatic release mechanism. I cannot comment on it's condition.
  • Helm - teak flooring covered with elastomeric roofing finish with non skid
  • Classic compass. Traditional wheel.
  • Pilot House - Galley and dining - Force 10 Princess three burner stove with oven that actually works! Comes with 2 - 20 pound propane tanks mounted under seat on deck just forward of pilot house.
  • Gold Star Microwave oven
  • Double stainless sink, complete set of pots and pans as well as cutlery, plates and Glassware.
  • Fridge and freezer. Sea Frost cold plates. This is a 110 volt system. It has a salt water cooling pump and runs on R12 refrigerant. Both fridge and freezer are COLD.


  • Sony 10 CD Changer with Sony AM/FM/CD player
  • Panasonic 13" color TV with powered antennae
  • Aspire Digital DVD player
  • Yamaha Stereo Receiver (110 Volt) Great when using shore power.
  • Sony speakers in saloon, West Marine speakers at helm and Acoustic Marine speaker for deck sound (1/08) and an extra pair of KLH speakers for wherever you want them.
  • Heads - Forward has a classic Blakes Lavac toilet, completely rebuilt 12/07. Aft head is a Jabsco. I replaced the complete pump system for it in 1/08. Both sinks in heads are original stainless and in great condition.

    Miscellaneous - This boat has an electric oil pump out for changing engine oil which is very handy. It has spare parts beyond imagination. There is thousands of dollars of stainless for running rigging. There are at least one or more replacements pumps for every pump on the boat. There is a spare compressor for the Fridge/freezer. There are several filters and belts for every need.

    It also has a new HP color printer (3/08). The pilot house has a Weems and Plath brass Barometer, 12 hour and unique 24 hour clocks.

    Thanks for your interest in the Gypsy Wind. She is a beautiful boat that deserves and owner that will appreciate and care for her for many years to come.

    Hey Alison,
    Please mark the boat as under contract or sold.
    Thanks for your help

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