1986 Formula 242
Presented by
South River Marine
1986 Formula 24' (7.32 m)
Newburyport, Massachusetts, United States
Refit Year: 2018
If you are looking for a classic, high-performance, powerboat – you’ve found it! This 1986 Formula 242 LS is a RARE FIND.
- Racing-High Performance
- Power
- Used
- Gas/Petrol
- Fiberglass Hull
- HIN/IMO: TNRM5785A686
Vessel ID# 2830893 Last Updated: 2025-04-14 12:03:21
Description
If you are looking for a classic, high-performance, powerboat – you’ve found it! This 1986 Formula 242 LS is a RARE FIND. Formulas have earned their reputation for excellence for decades, originating from the highly respected racing stable of Formula Boats, beginning in 1956 with simple runabouts and evolving to more streamlined, smooth-riding, performance-oriented models.
This Formula 242 is a modern classic that was completely refitted by the current owner from the bottom paint up in 2018. The twin Chevy 350 V8 engines were completely rebuilt from scratch moving the hp from stock 520 to 840 hp with 120 hrs with fresh rebuilt Alph 1 drives. She cruises at 35 mph/2800 rpm and 65 mph/5000+ rpm WOT. She is equipped with a compass, a radio, Bluetooth, and speakers. The open interior has upholstered twin bucket seats, a rear bench seat, a cushioned sun pad aft, a swim platform, and a swim ladder. Below deck, the 8 ft beam makes for a very spacious interior for a high-performance boat of this size. There is a comfortable 2 berth cuddy cabin, perfect for overnights and water-toy storage. The hull was repainted/gelled with all of the detail and is in beautiful shape. A Load Rite dual-axel trailer is included in the sale.
As the current owner says, “She’s FAST, FUN & LOUD”. So, if you are in the market for a retro head-turner, schedule a showing NOW to take advantage of the 2024 season.
Detailed pics of the rebuild are available upon request.
South River Marine is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Merri-Mar Yacht Basin. It is offered as a convenience by this broker/dealer to its clients and is not intended to convey direct representation of a particular vessel
Specifications
HIN/IMO: TNRM5785A686
LOA: 24' (7.32 Meters)
Type: Power- Used
Year: 1986
Refit Year: 2018
Beam: 8'
Draft Max: 2'
Draft Min: 2'
Cabins: 1
Sleeps: 2
Maximum Speed: 65 MPH
Cruise Speed: 35 MPH
Fuel Type: Gas/Petrol
Hull Material: Fiberglass
Fuel Tank: 60 Gallons (227.12 Liters)
Photos click to view all
Engines
Engine 1
- Engine Make: Chevy
- Engine Model: 350 V8
- Engine Year: 2018
- Engine Type: Inboard
- Drive Type: Stern
- Power HP: 420.00
- Power KW: 313.19
- Fuel Type: Gas/Petrol
- Hours: 750.00
Full Details
Listing MLS by Yachtr.com
Contact Us
South River Marine
Direct: 1-586-940-4341
Email: dave@southrivermarine.com
What makes us stand out is that we provide with all services throughout the process of buying, selling and owning a boat. We Finance, we provide Insurance, Storage and much more. Contact us to learn about the overall experience we provide to our customers.