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25% Shared Interest 36' Grand Banks Classic "Trawler Yacht"

1966 25% Shared Interest 36' Grand Banks Classi...


Year: 1966

City: Orange County, CA

Stock: 27c044

Condition: good

Make: Grand Banks

Propulsion: power

Price: $11,800

Listing: By Owner

Status: Available

Length: 36'

Model: Classic

Engine hours: 4,000

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Offering 25% Shared interest in a 36′ 1966 "Trawler Yacht", The Grand Banks Classic for . One week/month or 12 weeks/year (25% of time). Restoration in progress now. Rebuilt 2 Lehman 120hp engines, painting and updating fixtures. Partners will share the boat and have 1 week exclusive use every month. Maintenance and slip fees will be shared proportionally. The boat is in Wilmington currently, Estimated monthly maintenance and slip fees are 25% of:
38′ slip in Wilmington is /mo
misc expenses are /mo
Insurance is /year

2 Staterooms (Bedrooms), Sleeps 6
2 Heads (Bathrooms)
1 Salon & Galley (Living Room w/Kitchen)
Beautiful Flybridge (Steering station atop the Main Cabin)
Swim Platform
Cabin Top for Dinghy

Length is 36′, Beam (width) 12.2′, and Draft (height) is 17′
Diesel Fuel capacity is 480 gallons ( 2 Tanks)
Twin Ford Lehman 120hp Diesel engines (Uses a frugal 1.5 to 2 gals per hour each!)
these engines are considered one of the best Marine engines ever made.
Water Tank is 120 gallons
Holding Tank is 36 gallons

Here is some historical information about the Grand Banks Woodies.

Between 1965, when the first Grand Banks splashed into the water at Hong Kong, and 1973, American Marine launched more than 1,400 GB and Alaskan yachts.

Each was meticulously hand built of wood by Asian shipwrights. The hulls were planked with heavy, durable mahogany; the frames were yacal, a tough tropical hardwood. Finely-fitted and richly-hued teak was used generously throughout the interior and in hand and cap rails.

Over three decades little has changed at Grand Banks, except the material from which yachts are built. Today, fiberglass rules with teak continuing in a decorative role.

An expert looking across a crowded summer anchorage can’t tell the difference between a well-kept 1973 woodie and a 1993 fiberglass yacht. The company has made no major design changes since Ken Smith drew the lines for the first Grand Banks, a 36-footer, in the early 1960s.

The company gave its boats a few more inches of beam and length in the late 1980s. Yachts of this millennium probably are glossier, sexier, and more sophisticated, but at heart they are no different than the first woodies delivered nearly 35 years ago.

Regardless of age, Grand Banks yachts are well-built, comfortable sea boats much in demand because of their well-deserved reputation for quality.

Today, the base price of a new 36 is . Taxes and commissioning easily will push the total to or more. A 42 Classic – the famous tri-cabin- today has a base price of about . Larger engines, electronics, heat and air conditioning, and other goodies and taxes will kick the final price somewhere close to .

Here’s why woodies are interesting. A 32-footer of the teak-and-mahogany generation today will fetch between and depending on condition; when GB quit building the baby yacht a few years ago, it was priced at . A wood 36 Classic, with two staterooms, two heads, and a modest-sized saloon, will range from to : superb specimens will go for more.

The 42 woodie will be priced from to , depending on age and condition.

Boost those prices by 30 to 50 percent, to cover work that may be needed to make the woodies near perfect, and they still are affordable yachts costing or less.

American Marine built wood 48 and 50-foot GBs, too. They are not often on the market and usually are priced in the range of -, well above our arbitrary precie cap. Those big yachts, however, along with the entire fleet of Alaskan pilothouse cruisers, represent the best on the market for those looking for a boat to live aboard.

With large saloons and cockpits, galleys with home-sized appliances, ship-like pilothouses with watch berths and settees, and multiple staterooms and heads, the big GBs and Alaskans remain much in demand today, despite their age.

When American Marine switched to fiberglass in 1973, it perhaps could not afford building molds for a fleet of GBs and for the bigger (at 46, 49, 53, and 55 feet) Alaskans. Perhaps the decision was to concentrate on the boat for which American Marine was best known – the Grand Banks.

Whatever the reasons, American Marine missed a sure bet and a big market by dropping the Alaskan line. Others picked up the style, and Ocean Alexander and De Fever, among others, now produce boats whose styling comes directly from the Alaskans.

The company is developing a new pilothouse boat, to be called the Aleutian. It has built a model, pictures of which may be seen on the company’s website: . Construction has not been scheduled for the 64-footer, a yacht sure to cost close to $2 million, because the American Marine production lines in Malaysia and Singapore are booked solid with orders for new GBs and their sistership line, the Eastbay.

For most of us, it will not be an affordable boat. For those with a strict budget, or who don’t want to spend that much discretionary income on a boat, the new GBs simply increase the lure (and the value) of the old woodies.

Constantly rising prices for new boats enhances the value of wood GBs too. These aging yachts sell for several times their original cost, and good ones will continue to increase in value.

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