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Sparkman and Stephens Loki yawl, 38', 1949, Crisfield, Maryland, $29,500, Price reduced 8/6/10 to $25,295, Taken off market 9/13/10

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Sparkman and Stephens Loki yawl

  • #2 of 2 named CHANCE

    38' LOA x 9' beam x 5' draft

    Boat is beautifully restored with a wonderful survey, history and fine pedigree.

    Newly refastened this year and now offered at 1/3 of her appraised full market value.


    Chance is a rare find, the Sparkman and Stephens sister ship of famed Loki and a beautiful class design written about in Yachting magazine, The Best of the Best, Famous Yachts, Loki and Loon, and other books. She is one of the only two original Loki yawls built in the United States, and she is the only one of the two remaining in the western hemisphere. Her builder, Albert Lemos, grew up in the Azores and worked in the Herreshoff yard before leading his own team of hard-working Portuguese boat builders using only adzes and hand tools in Riverside, Rhode Island. She was built to the highest standards and incredible engineering for her day including bronze diagonal hull strapping, bronze strapping of all bilge turns, and a beautiful stiff hull shape with no hog or flex. The boat, her long history, and her prominent owners are well documented in her restoration log.

    She is carvel-planked in Honduras mahogany with white oak frames, oak keel, backbone, deadwood and floor timbers. Deck is 3/4" marine plywood with epoxy Dynel. Strapping and fastenings are all Silicon bronze; trunk cabin is 5/4" mahogany, cabin roof is 1/2" plywood with epoxy Dynel, deck trim is mahogany and the cockpit has a teak sole and 1" mahogany sides. Beautiful joinerwork and trim; interior finish is oil and varnish in need of some refinishing and white primer in need of a finish coat.

    Recent upgrades and restorative measures

    CHANCE was professionally restored by Stefan Topolski and a team of boatwrights between 1998 and 2009. The restoration is fully documented by photograph, receipt, and daily log. As part of her rebuild, CHANCE was completely refastened maintaining her beautiful heavy, custom, antique bronze fittings throughout. Hull, deck, cabin sides, interior cabinetry and ceiling, mainmast and mizzenmast were completely stripped or removed, inspected, rebuilt, preservative treated, sealed, re-bedded, regreased, reinstalled, refastened, and then refinished. Work included all new covering boards and toerails, cabin sides, garboards and assorted planking, butt blocks and any other necessary new components.

    The hull and structure are completed and fully seaworthy with genoa track, mainsail gate, and running backstay deck fittings being replaced. The cabin interior requires some fresh varnish, a finish coat of paint, and cabinetry over the aft engine compartment which is being built now. The mizzenmast if desired requres a new gooseneck fitting and a spreader mount. There is a cosmetic crack in the lip of transom that is not structural. This original transom was reinstalled over fresh white cedar underply to maintain as much original material in the historic restoration as possible. There is cosmetic checking in the keel when dry as it was traditionally laid up green. It swells shut when wet. Epoxy and dynel on decks replace original canvas as famed sailor Rod Stephens recommended.


    All new wiring, fuel lines, filters and electrical are for the engine only (new in 2009).

    Interior wiring, lighting, and potable water/head hoses have been removed and require installation. Navigation lights and wiring require installation. 12V

  • New alternator (2009)
  • (2) Two batteries
  • Amp meter and engine gauges (2009)
  • Fused Electrical panel
  • Starter (new in 2009)


  • Sleeps four
  • (1) One stateroom
  • (1) Double berth
  • (2) Two single berths
  • (1) Head - beautiful antique bronze No shower
  • (2) Two galley sinks
  • Water system is antique hand pump
  • Icebox - newly rebuilt, sealed and insulated (2007)
  • Folding dinette
  • (1) One hatch
  • (2) Two opening ports
  • (5) Five ventilators

    Sail Inventory and Rigging

  • CHANCE has (1) one suit of sails in very good to excellent condition including working jib, genoa, main, mizzen, mizzen staysail, and storm sail.

    Sails were inspected and resewn by the Cambridge Sail Loft in Cambridge, Maryland.

  • Bronze masthead
  • 701 square feet sail area
  • Stainless steel standing rigging
  • Bronze turnbuckles
  • Swaged terminals
  • Bronze Genoa tracks
  • Wooden snatch blocks
  • Spliced main halyard
  • Nylon / polyester halyards
  • Nylon / polyester sheets
  • Roller reefing main boom
  • Hollow spruce spars
  • Keel-stepped mast
  • (8) Eight Merriman oversized winches

    Ground Tackle

  • White paint and rubber sheathed galvanized anchor and chain.
  • 80# Danforth
  • 6 feet of heavy anchor chain
  • 200 feet 1" nylon anchor rhode


  • (2) Two electric bilge pumps (2,000 & 3,500 gph)
  • (1) One manual bilge pump (navy)Emergency tiller
  • (2) Two fire extinguishers (type 2)
  • 3/8" stainless steel lifelines
  • 3/4" docking lines
  • Berth cushions in fore cabin

    Electronics & Navigation

  • Antique large brass binnacle with a Constellation 6" compass rebuilt by Maryland Nautical in 2005.


  • 1969 Albin AD-21 24 HP engine was recently rebuilt by Troy Lane (Rt. 360, Readville, VA) and is in excellent condition.
  • Engine manuals and list of parts suppliers are on board the vessel.
  • 2 cylinder diesel engine
  • Fresh water cooled
  • Mechanical engine controls - bronze and monel

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    Sparkman and Stephens Loki yawl sailboat

    Sparkman and Stephens Loki yawl sailboat

    Sparkman and Stephens Loki yawl sailboat

    Sparkman and Stephens Loki yawl sailboat

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