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Cabo Rico 38, 1979, New Smyrna Beach, Florida, $87,000, SOLD 4/27/10

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Cabo Rico 38, 1979, "Reverie"

This Cabo Rico 38 is loaded and in excellent condition. It is ready to go blue water cruising now. The cutter rig CR 38 is a proven blue-water cruiser with exceptional sailing qualities. We have lived aboard and cruised on Reverie for the past 30 years and have continually maintained her in excellent condition while making numerous upgrades and additions. Recent upgrades include teak deck removal and complete Awlgrip paint job in 2001, Perkins 4-108 diesel engine rebuilt in 2003 and now has 1000 hours after rebuild, non-skid was renewed in 2010.

General Specs: length 38 ft, overall length 41 ft including bowsprit, draft 5 ft, beam 10.5 ft, fuel 2 tanks 40 gal each, water 2 tanks 75 gal each. Has an open layout. Can sleep up to 7 persons with 2 in v-berth, 2 in starboard pullout settee, 1 in port settee and 2 in quarter berth. There is excellent ventilation, good headroom and ample storage. There is a large 6 person folding dining table.


  • Hull in excellent condition with NO BLISTERS. Applied 2 epoxy barrier coats in 1993 and 2 additional epoxy coats in 2001.
  • Teak decks were removed in 2001 and the boat completely repainted with Awlgrip with all screw holes filled with epoxy.
  • Rudder refurbished in 2001.
  • In 2005 all opening teak hatches and companionway hatch were refurbished and fitted with solid 3/8" lexan.
  • In 2005 the bowsprit was removed and inspected and found in excellent condition. At this time the wood support base for bowsprit in foredeck was replaced with solid fiberglass and the stainless steel bow pulpit was rewelded, recromed and polished.
  • In 2010 new non-skid was applied on the deck and cabin top using KiwiGrip.
  • All exterior teak has been continually maintained in excellent condition with a high gloss built up with 12 layers of Interlux "Schooners" spar varnish.


  • The sail inventory, consists of main, yankee, staysail and 130% genoa. All sails and Sunbrella covers were custom made by Bremen Sails of Miami and are in good to excellent condition. The mainsail has two sets of reef points and the staysail was made extra strong to serve as a storm sail.
  • In 1993 the mast was raised and the wooden base at the floor below the mast step was replaced with solid fiberglass.
  • 1995 the mainsail track was reinforced.

    2001 Improvements:

  • A new Harken roller furling system was installed that works with both the genoa and a new yankee head sail.
  • Mast steps were installed to the spreaders.
  • A new jiffy reefing system was added along with lazy jacks, new lifelines, a tri-color mast head and running light combination and a lightning deflector on the mast head.
  • The mainsail and staysail booms and the steering pedestal were painted with awlgrip.
  • A new Bimini and dodger were installed including a clear plastic zip-on piece that connects the two. The Bimini also connects to new side awnings and a stern awning.
  • A new custom shade awning that also serves as a rain catcher was added along with splash curtains that connect to the lifelines and a forward awning that covers the V-berth hatch. There is also a very large Sunbrella sun awning that can cover the entire cabin.
  • In 2004 new closed cell cockpit cushions that do not absorb water were made and covered with Sunbrella for fast drying and long wear.
  • 2005 all new oversized running rigging was installed and a new whisker pole was added.
  • All 6 Barlow winches (2 for headsail sheets, 1 mainsheet, 1 each for main, headsail and staysail halyards), are routinely cleaned and greased and kept in excellent working order.


  • In 2001 the cutlass bearing was replaced and the cutlass bearing shaft housing was reglassed.
  • In 2001 replaced seacocks for engine, marine head and air conditioning with heavy duty mylar seacocks and installed new acoustic foam inside engine hatch and compartment.
  • Also in 2001 the diesel fuel pump, alternator and starter were all rebuilt and a new Aqua Lift muffler was installed.
  • In 2003 the Perkins 4-108 diesel engine was completely rebuilt. The engine now has 1000 hours since the rebuild. As part of the engine overhaul all engine seals were replaced and a new internal water pump was installed along with the raw water pump, intake hoses for engine and AC, and new exhaust piping and motor mounts. In addition the fuel injectors were also overhauled at this time.
  • A significant improvement in engine performance was achieved during the engine overhaul by replacing the Perkins heat exchanger with an oversized Sen-Dure heat exchanger. This completely solved the 4-108 heating problems, which was well-known to frustrate many a sailor.
  • Also during the 2003 engine rebuild the Borg Warner transmission was overhauled and all seals replaced and new control cables installed.
  • In 2005 a new 120 amp high output alternator was installed and the two 105 amp house batteries and two start batteries were replaced.
  • In 2006 the clutch "pressure plate" and all seals were replaced.
  • In 2010 the house batteries were replaced with 2 new Deka 110 amp deep cycle marine batteries.


  • In 1984 a custom fitted 110 volt air conditioning system was installed with cooling unit located in the engine compartment and compressor located on a new built-in shelf inside port cockpit locker.
  • Also in 1984 a 12 volt Adler-Barbour refrigeration/freezer unit was installed and the ice box was reinsulated.
  • In 1990 additional 12 volt lighting in galley, main saloon and v-berth was installed.
  • In 2001 a new 12 volt Adler-Barbour refrigeration/freezer unit was installed and the AM/FM, radio plus CD player and speakers were upgraded.
  • Also in 2001 a KISS wind generator with controller and heat sink was installed along with new 12 volt fans in v-berth and main saloon and improved lighting.
  • In 2005 the Rule 2000 (GPH) electric bilge pump was replaced.
  • In 2008 a new multistage 20 amp battery charger was installed.


  • In 1995 replaced depth sounder with a Hummingbird large screen depth plotter.
  • In 2001 installed new CPT Autopilot II 12-volt steering system and Garmin GPS.
  • 2001 installed new ICOM 710 SSB/HAM radio and tuner and antenna wire isolator along with a Pactor IIe SSB modem and switches.
  • 2001 replaced marine VHF radio and handheld radio and installed new 406 EPIRB. Also installed a tri-color mast head and running light.
  • In 2004 installed a new Pactor III SSB modem for fast email and down loading weather maps anywhere on the planet.
  • In 2005 installed a new Garmin Chart Plotter GPS mounted on binnacle pedestal and refurbished the CPT Autopilot II auto steering system.


  • In 1987 Installed a stern mounted RVG wind vane self steering system.
  • In 2001 Install a new Edison outboard lift on the stern wind generator pole.
  • In 2005 Install a new Lofrans Tigres 12 VDC electric anchor winch and a new 44 lb Spade anchor with 200' of 5/16" high tensile chain and 100' of 3/4" nylon anchor rode. Also the 2nd anchor was upgraded with 100' chain and 200' anchor rode with a 44 lb Bruce anchor. Both anchors are conveniently located on the bowsprit.
  • In 2005 a anchor/chain pressure wash system was included in the forward deck locker.
  • Also in 2005 the stern mounted RVG wind vane self-steering system was refurbished and the Whale Gusher manual bilge pump was replaced.



  • In 2001 reinsulated the ice box and replaced Adler-Barbour 12 volt refrigeration/freezer.
  • In 2001 added a new SeaGull water purification system that works with pressure water or foot pump and replaced sink faucet.
  • Also in 2001 a small fold-up table was attached to the front of the refrigerator for additional food prep space.
  • In 2004 replaced the original stove with a new Force 10 two burner stove plus oven.
  • In 2005 install a new 12 volt Shurflow fresh water pump and replaced all fresh water hoses.

    Main Saloon

  • 2004 Replaced settee cushions and covers, improved lighting and sound/radio system and fans.
  • V-berth
  • 2001 Replaced v-berth mattress with custom made 100% latex foam mattress and improved lighting and fans.
  • 2004 Added shelving to large hanging locker.


  • 2004 Refurbished the Ph II marine head and replaced all hoses.

    Quarter Berth

  • 1990 opened up quarter berth by removing door and part of forward wall to make main saloon larger and more open and with better air flow. This also improved the usefulness of the navigation station. All work was hand crafted by a professional.
  • 2004 Added shelving to the large hanging locker.


  • 2001 Added a cockpit hot and cold shower with faucet and hose located in the port cubby hole.
  • 2004 Replaced cockpit cushions with closed cell foam and Sunbrella covers.


  • 2005 Added new 9.5' AB rigid inflatable with new 15 hp 2 cycle Yamaha and outboard lift mounted on stern wind generator pole.
  • There is a large selection of spare parts and replacement items such as: high output alternator, fresh water pump, bilge pump, shower sump pump, alternator belts, raw water pump impellors, fuel filters, SeaGull fresh water filters, large assortment of heavy duty hurricane lines and dock lines, etc, etc.

    All necessary safety equipment are provided such as fire extinguishers, life jackets, and man overboard/recovery system.

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    Cabo Rico 38, 1979 sailboat

    Cabo Rico 38, 1979 sailboat

    Cabo Rico 38, 1979 sailboat

    Cabo Rico 38, 1979 sailboat

    Cabo Rico 38, 1979 sailboat

    Cabo Rico 38, 1979 sailboat

    Cabo Rico 38, 1979 sailboat

    Cabo Rico 38, 1979 sailboat

    Cabo Rico 38, 1979 sailboat

    Cabo Rico 38, 1979 sailboat

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