For Sale: 1982 Cheoy Lee 44' total refit

[malbert73]

Originally Posted by shadow

Exactly.. I offered on a boat years go what I thought was fair from what I saw and did my own thorough survey. The guy said no, even though he stated that he needed to sell it ASAP as he had already purchased another boat...



He was paying for a slip for it as well as his other boat.. 10 months later it finally sold for under what I offered...... Plus you have to add in the fact that he paid for slip fees and other things during that time.. Go figure..

Isn’t this true. I offered 15% less than asking on the first Luders 33 I saw, and had the offer flatly rejected. Not even a counter offer. Found the subsequent one which was a better boat with a new engine for less money. Bought it and then watched the first boat sit on the market for another year and a half and then sell for far less than I had initially offered. I was pretty gleeful.

[rourkeh]

Found these pictures from when I had the boat painted.

[grboregon]

Originally Posted by rourkeh

1982 CHEO LEE 44' Stay Sail Cutter
Robert Perry design
Complete refit.

Boat was purchased in 2010 by current owner, a retired marine industry professional with extensive experience in custom yacht construction and refit. After an exhaustive search for the perfect cruising boat in the mid 40’ range capable of being handled by a single person the conclusion was reached that it would be necessary to spend in the vicinity of $500,000 U.S. to purchase a used vessel in order to meet the requirements. It was then determined to purchase the best available hull and deck and do a complete refit/rebuild in order to create a vessel that would meet the requirements. The Robert Perry designed Cheoy Lee met the standard for solid build quality, and classic looks along with a well found hull shape and excellent sailing characteristics . The boat originally had no equipment other than a battery charger, vhf radio, and manual flush toilets. All other systems were original to 1982. The parameters for the total refit were to use the best available materials, and equipment regardless of cost. No timeline or budget was established, therefore no restrictions as to expense. All interior construction work was performed by the owner and a mega-yacht refit specialist to very high standards. The results of this project are a perfect live aboard, world cruising capable sailing yacht with a classic look and modern reliable systems at a fraction of the cost of a new vessel. The amount of time that went into this project cannot be quantified, and luckily it was a labour of love as the
total cost of the project will never be recovered at a reasonable sale price.
Now equipped as the perfect world cruising boat for a couple with occasional guests, she represents an excellent opportunity to purchase a vessel that is ready to go now without the need for updating or extensive work to bring it current with endless hours of improvements. One look at the long list of current equipment, electronics, sails and rigging and a potential buyer in the market for a vessel in this size range will instantly recognize the incredible value of this modernized classic.

2012 Entire boat painted from waterline to house. Hull 8 coats of Awlgrip Royal Blue with Clearcoat finish. House, Mast and boom repainted with 8 coats Awlgrip Matterhorn White.

2014 Addition of Northern Lights 8KW generator with sound shield. At 1,700 hours unit removed, painted, heat exchanger acid washed, and all new peripherals installed. Including alternator, fuel pump, water pump, oil pump, new hoses and wiring. New Vetus NPL Waterlock Muffler, hoses, Vetus Gooseneck, and new thru-hull fitting. New Northern Lights SC3 remote control panel.
Construction of custom generator enclosure with Soundown barrier acoustic insulation.

Installation of Delta-T Systems 250cfm continuous duty blower and 4” ducting to external outlet on transom. Addition of 4” fresh air ducting from cockpit to generator enclosure.

Installation of two cowl ventillators on transom deck.

2017 new Lewmar windlass with remote in cockpit and chain counter. High polished stainless steel anchor chain 80’, high polished stainless steel Rocna anchor. Additional anchor line and spare anchor.

Installation of Edson Dingy Davits with optional mounting shoes. Custom 1/2” aluminum backing plate fiberglassed to underside of aft-deck.

Construction of custom stainless steel pole for radar and satellite TV dome. Installation through deck to heavy duty custom aluminum/stainless socket which is fiber glassed to transom. Includes removable engine hoist, gps antenna mounting arm.

Scanstrut self leveling radar mount installed on pole.

New high gloss teak engine guage panel with all new Teleflex heavy duty gauges for tachometer, water temp, oil pressure, voltage, and engine hours.
New Teleflex side mount throttle and shift control with custom high gloss teak mounting plate and knob.

New Teleflex throttle and shift cables to main engine.

New Ikibro marine wood and stainless steel steering wheel.

Fuel tank drained and cleaned.

2016 installation of new batteries. 3 x 8D Lifeline deep cycle marine AGM @ 255 amp/hour each, for total of 765 amp hours. 2 x series 27 Deka Marine lead acid starting batteries for main engine and generator. All new cables run for batteries to engine, generator, charger and electrical panel.

Entire boat rewired with top quality Ancor Marine wire. Replacement and installation of every wire throughout entire boat.

Dual 30 amp shore power inlets, single cable TV/ telephone inlet. 2 x 30 amp power cords, 1 x marine TV cord.

All 110 volt outlets replaced with new GFCI outlets.

Blueseas Systems P12 series 40 amp battery charger with remote display. Feb, 2020

Custom electrical panel box with internal lighting. Custom box beneath electrical panel for Generator and aft A/C raw water strainers and racor filters Gen and main engine.

Custom Blueseas Systems electrical panels. Main panel. 14x 15 amp A/C 110 volt breakers, 20 x 15 amp 12 volt DC. 1 x 30 amp A/C main breaker, 2 x 3 position A/C selector switches, VSM digital system monitor with ultrasonic tank senders for water and fuel. BSS automatic charging relay. Sterling Power Products Pro Split R 3 way alternator distribution unit.

Electromaxx high output 85 amp marine alternator with external regulator.

Second Blueseas Systems 110 volt distribution panel with analog meters for voltage and amperage. 30 amp main breaker and 15 amp breakers.

Blueseas Systems remote panel for dual mini 3 way battery switches (house and generator), with 12 volt 100 amp main breaker and 8 x 15 amp individual breakers. 3rd mini battery switch for main engine in electrical box.
Blueseas Systems 12 distribution panel mounted at chart table. Digital display with 3 way battery switch to monitor all battery banks, includes 5 x 15 amp breakers for electronics at chart table.

Nav light panel with switches and indicator lights.

SeaTel controller for sat TV.

Blueseas Systems weather proof panel in cockpit with 4 x 15 amp breakers.

Custom built enclosure for new LG washer / dryer and four drawer (13” x 22”) pantry with lower compartment for air-conditioning unit.

Custom built high gloss teak stairs to replace factory ladder.

Custom built drawer beneath oven for pot and pan storage.

Custom built sliding drawer in cupboard for Edgestar self-contained icemaker.

Custom made sliding drawer for Cannon printer/scanner.

Custom hatch in master stateroom, for access to generator end and water pump.

Marine airconditioning. NEW 2018. 1 x Frigomar 16,000 BTU units.SELF CONTAINED UNITS *VARIABLE CAPACITY INVERTER TECHNOLOGY.Variable frequency driven brushless DC compressor, Remote plenum mounted under chart table for distribution of air for aft unit, forward unit under v-berth. 2018 installed all new Thermaflex 4” insulated R8 ducting throughout.

Dometic “Breathe Easy” in duct UV air purifier 110v.

All port lights replaced with stainless steel New Found Metals portlights.

All ventilation hatches rebuilt. Solid teak frames, 3/8” Makrolon polycarbonate tinted lenses installed without screws or fasteners,VViViD One-Way Perforated Black Vinyl Privacy Window Film on lenses.

2018 New Sintra 3mm hard PVC sheet headliner with teak battens. All new NauticLED lighting throughout with individual multi stage dimming.

Galley refit. New Corian counter tops, custom stainless steel back splash, cabinet for recessed microwave with built-in spice storage. Refrigeration box with stainless steel liner and drain, separate freezer box with stainless steel liner and drain. 1 x Dometic 12 volt/ 110 volt marine refrigeration unit w/ air cooled Danfoss BD 50 compressor, 1 x Frigaboat 12 volt / 110 volt marine refrigeration unit w/ air cooled Danfoss BD 50 compressor. Second Dometic CB 40 1.4 cubic ft refrigerator / freezer box under salon seating. Under counter stainless steel sink, custom faucet, drinking water faucet with dual 5 micron filtration unit under sink. Siemens glass 4 burner gas stove top, Techimpex marine oven. Custom tilt out stainless steel under counter trash receptacle. Above counter teak shelf for toaster and storage. Teak glass storage rack.

Forward head remodeled. Corian flooring and counters. Above counter sink with custom faucet, new headliner with led lighting. Jabsco electric flush toilet, plumbed to fresh water system. New macerator pump 2018.

Aft head converted to shower stall. Corian flooring and half walls. Corian bench. Corian cabinet with counter containing spectra 150 gpd watermaker. Custom adjustable showerhead and faucet.

Sump pumps fore and aft for overboard discharge of all grey waste water, and A/C drain pan discharge.

Removal of all existing copper plumbing, entire boat re-plumbed with Whale color coded semi rigid pipe and quick connect fittings.

Teak and holly flooring throughout entire boat removed refinished and coated with six coats of high gloss urethane.

High output Marco UP/3E 4.0 GPM • "Smart" Variable Speed Gear Pump, water pump.

Fiberglass water tanks port and starboard under seating. 225 gallons total.
Fiberglass fuel tank under cockpit sole. 90 gallons total. 2018 tank drained and pressure cleaned.

2020 new North Sails 135% Genoa sail.

Newer North Sails main sail.

2020 all canvas replaced. New Bimini, dodger, main sail cover. Sunbrella fabrics.

Needed to complete refit.
Chart plotter
Radar
Autopilot
New transmission
Salon dining table refurbish.
Master stateroom mattress.

Asking $109,000 located in St Maarten DWI

I could be interested am currently in SXM (Maho) available to look most anytime. What boatyard are you in?

[rourkeh]

GIVE ME A CALL
721-559-7754

[DCaretaker]

I admire your patience. I've been on the forum for a while but seldom use it. and can't figure out how to do a private message. I would like to ask some questions about the DWI. dlc_engineering@yahoo.com Thank you

[icemate]

You are selling an excellant live a board ocean heavy duty cruiser. Bob Perry did a great job on design and durability. I lived on my Bob Perry 37'er for 5 years and it was great. Who ever purchases yours will be glad they did. As always "Safe Sailing"

[Cheechako]

Originally Posted by rourkeh

I have gotten a couple of people interest in the boat with low ball offers. I was wondering what the folks here on this site think would be a reasonable price for
my boat. Not what you can afford, or how much you can pay based on your bank balance but what you feel the boat is worth compared to similarly equipped vessels.
Keep in mind the original cost of the boat plus over $130,000 in refit cost.

Let me hear your opinions.

Unfortunately, refit has nothing to do with value much. I bought a 47 foot boat, immediately put $60k in refit work. I ended up putting for sale within a year (long story) and got... wait for it... the same $ I originally paid! AND it took over a year to sell it.

The Cheoy 44 is a sweet looking boat. I've not found C Lee's to be as good quality as say the Ta Shing built Taiwan boats, but not bad. I however have not looked at the 44. I suggest it's worth maybe $10k more than your average CL44 sale? whatever that is.

[icemate]

I bought mine 1981 in 1988 for $37500. Put over $90000 in it not counting many hours in labor doing almost all the work myself and sold it in Australia after 13 great years sailing and 5 years living aboard while sailing from NY to Australia as health hindered my return to Australia sold for $50000AU. Miss it but life goes on.

[rourkeh]

PRICE DROP TO $79,900 AS OF JAN 10, 2021.

[flyingfin]

Market is slow, bank it and wait for prices / buyers to come back,,,in the mean time simply put it up on VRBO for weekly rental this winter with condition that she not leave the dock! Covid safe for thos wishing to avoid hotels. Lots of boats in Florida have been converted to seasonal rentals

[mako]

Originally Posted by flyingfin

Market is slow, bank it and wait for prices / buyers to come back,,,

Pretty much everyone's been saying the opposite, because of COVID. In the last year all the good boats are gone, leaving just projects and overpriced behind. Trailers/RV dealers are rather empty these days.


The overall feeling I get is that once we're all vaccinated and life returns to normal (say by summer) that the boat-seller's market will reverse. All the people who bought boats by-the-hip will be flooding the market.


OP just lowered his price to $79k, good move, and needs to watch the market carefully.

[malbert73]

Lots of threads on CF with folks trying to pull trigger on buying cruise ready boats. My iPhone app freezes every time I try to copy a link to this thread but I’m sure a little bit of work my OP could match this thread to those looking...

[malbert73]

Originally Posted by malbert73

Lots of threads on CF with folks trying to pull trigger on buying cruise ready boats. My iPhone app freezes every time I try to copy a link to this thread but I’m sure a little bit of work my OP could match this thread to those looking...

Ugh terrible autocorrect above- meant with a little bit of work the OP could respond to those seeking a refitted cruise ready boat. For sure this Cheoy Lee is a great deal albeit for a somewhat narrow buying market...

[rourkeh]

Just finished applying all new non skid coatings on decks and house.
Pictures to follow

[shadow]

I thought this boat sold a while back? Did I miss something?