Just to let you know, there is a Shannon 38' Ketch for sale
by Saint Augustine Yacht Sales at the Conch House in Saint Augustine, Florida
. It is listed at $49,000. I've walked around it and seems like a nice boat for the money
. It's the fixed keel
version. They are awesome boats. I've sailed on Beth Leonard's old boat, the "Silk" which has circumnavigated twice. It was a 37' Shannon with the swing keel
. With a budget
like yours, you could maybe pick this boat up for $43,000, invest $20,000 into it, and have an awesome boat. Let me know if you have any questions.