1988 Formula 31 sr1 NO RESERVE!! I am going to be as forthcoming and clear as I possibly can with this listing. I bought this boat from a complete bull shitter and don't want to see someone else do the same. I AM GOING TO LIST EVERYTHING I KNOW ABOUT THE BOAT. It has 454/420hp motors with 420 hours and stainless exhaust and trs drives. Starboard MOTOR HAS A BROKEN CAM. The story goes as follows.I bought this boat exactly 1 year ago for my wife as a birthday present. I paid 13100 and an additional 1 grand to have it brought up from S Florida to Nc. When the boat arrived we could see it needed a lot more work then what was described.I have spent over 14 grand on the below listed items. They have zero hours on them. I did not find out the cam was broken on the starboard motor until all the below work was done.TRS DRIVES COMPLETELY OVERHAULD STRIPPED DOWN AND RESTOREDRAMS FOR OUTDRIVES REBUILTK PLANES COMPLETELY STRIPPED DOWN AND RESTOREDRAMS FOR K PLANES REBUILTBRAND NEW INDICATOR CABLES FOR TRIM PLUS K PLANESBRAND NEW K PLANE PUMPS AND RESIVOIRSNEW BELLOWS AND STEERING BEARINGSBRAND NEW WATER PUMPS BOTH MOTORSBRAND NEW ALTERNATORS BOTH MOTORSBRAND NEW FUEL PUMPS BOTH MOTORSBRAND NEW STARTER PORT MOTORBRAND NEW HIGH PERFORMANCE DISTRIBUTOR BOTH MOTORSBRAND NEW COIL BOTH MOTORSBRAND NEW PLUGS AND WIRES BOTH MOTORSBRAND NEW SENDING UNIT AND FUEL TANK DRAINED AND REFILLED WITH 50 GALLONSBRAND NEW BATTERIESBRAND NEW BREAKER BOX AND BATTERY SWITCHBRAND NEW ELECTRIC ENGINE HATCH MOTORBRAND NEW EDLEBROCK CARBS BOTH MOTORS 750CC ( BRAND NEW NOT REBUILT)After all the above work port motor fired right up perfect compression. Starboard motor did not fire up and after further inspection #8 cylinder 0 compression, took intake off and saw broken cam.MY WIFE HAS BECOME UNINTERESTED IN THE BOAT AS IT'S TURNED INTO NEARLY A 1 YEAR PROJECT AND SO HAVE I AT THIS POINT. WE ARE CONTENT WITH OUR 46 SPORTFISH AND 20 FOOT CUSTOM CENTOR CONSOLE. MY CRAZY LOSSS WILL BE SOMEONES GAIN THAT WANT'S TO REBUILD THIS ONE MOTOR AND WORK WITH EVERYTHING ELSE NEW I HAVE BOUGHT.THE HULL IS IN OUTSTANDING CONDITION. SHE IS ABSOLUTELY BEAUTIFUL AND HAS ONLY 420 TOTAL HOURS!! NEVER BOTTOM PAINTED AND SPENT HER LIFE RACK STORED. GLASS IS IN PERFECT CONDITION. BOW IS IN OUTSTANDING CONDITION WITH THE ORIGINAL WEST PALM BEACH DECALS. UPULSTRTOY AND COCKPIT ALLTOGETHER IN VERY GOOD TO GREAT CONDTION.GUAGES ARE ALL IN GREAT CONDITION WITH PERFECT CLARITY AND NO CRACKS ON THEM OR EVIDENCE OF WATER. NO SOFT SPOTS AND HAS A SYNTHETIC TEAK MATERIAL DOWN ON FLOOR. INSIDE BOAT IN VERY GOOD CONDITION ALL ORIGINAL AND PROBALLY HARDLY EVER USED. THE FLOOR CARPET DATED. I HAVE THE ORIGINAL FORMULA WHISKEY GLASSES THAT CAME WITH THE BOAT.THIS EXACT BOAT IS SAID TO HAVE BEEN IN 2 EPISODES OF MIAMI VICE BUT I CAN NOT CONFIRM THAT. I HAVE SEEN JUST THE HULLS OF THESE BOATS SELL FOR OVER 10 GRAND IN AVERAGE CONDITION.I WILL THROW THE TRAILER IN FOR 500 ADITIONAL DOLLARS. IT'S IN FAIR CONDITION AND IT WILL TAKE THE BOAT WHERE EVER IT NEEDS TO GO. I DO NOT HAVE A TITLE FOR IT. ALL 6 WHEEL BEARINGS WERE REPLACED WITHIN LAST 8 MONTHS. IT HAS TAKEN THE BOAT UP FROM s FLORIDA TO NC THEN 3 MONTHS AGO TO MY OTHER PROPERY ON THE WATER 200 MILES NORTH. AGAIN IT'S IN FAIR CONDITION AND NO TITLE.BOAT COVER IS WORN AND WILL NEED TO BE REPLACEDIF YOU NEED YOUR WIFES PERMISSION TO PURCHASE THIS BOAT OR THIS KIND OF MONEY IS GOING TO BREAK YOUR BANK THEN PLEASE PASS THIS AUCTION BY. I AM ONLY INTERESTED IN SERIOUS BIDDERS WITH QUALITIY REPUTAION. I TRAVEL A LOT AND CAN'T GET CAUGHT UP WITH ANY DAY DREAMERS. I WILL REQUIRE AN IMMEDIATE 500 DEPOSIT. I CAN ASSIST AND HELP FINDING A TRANSPORT COMPANY. MY BUY IT NOW PRICE IS AN UNBELIEVEABLE DEAL. GOOD LUCK. EXCUSE ANY GRAMAR ISSUES DOING FROM CELL
Formula
Price:
$26
Boat location:
Oriental, North Carolina, United States
Ships to:
United States
|
See exclusions
Year:
1988
Make:
Hull Material:
Fiberglass
Engine Type:
Twin Inboard/Outboard
Raiting:
Questions
is thus boat available
What made the cam break? Is there a broken spring or did a piston let go into a valve?
Hi there I’d like to know your buy it now price thanks kenny
Hey Larry, quite a story there! Having read all your info, I am an interested buyer as I love Formula boats and owned one until it 'disappeared' at the time of my divorce...
All good boats generate a story from my experience.
My apologies, as I just stumbled across your listing today, December 12, 2021. This listing could be very old - can't find a date that you posted it.
Looking forward to receiving your advice.
Take care,
Michael
is the boat still available
Add new question to the seller