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sailing yacht Pearson 303 Sale info

Boat price$18000Year of built1986
Boat manufacturerPearsonBoat model303
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Boat type: sailing yacht
Boat name: Pearson 303
Boat length: 9.14m / 27.8ft
Price: $18000
Country: USA
Location: Wisconsin, Kenosha
Contact with seller by phone: (312) 235-9635

Pearson 303

  • Beam: 11
  • Draft: 4
  • Description: Priced realistically to sell quickly. This is a Pearson 303 in great condition for its age. Not perfect, but solid as a rock in any conditions on Lake Michigan. It has a 20 hp Yanmar diesel engine that starts first time at the beginning of every season. Private double V-berth, starboard quarter berth and extending double berth and an additional single berth in the main salon. Nav station and full safety gear, including flares and two fire extinguishers. Two newer batteries. Enclosed head with shower. Two burner stove, refrigerated ice box.
  • Equipment: Original Genoa and mainsail. Jib sheets on self-tailing winches. Main sheet winch. Halyard winch. Newer running rigging. Auto-helm. Dodger and connecting Bimini, (two clear panels need replacing). Boat comes with mastmate; handheld color Garmin navigation and mounting device at helm; heavy duty mooring bridle required for Chicago Harbors buoys. Anchor, etc.

Pearson 303 description

  • 3: Once the boat is sold the investor will receive all of his invested money ($20,000) plus 20% of the net profits of the sale. Say the boat sells for $60,000 the investor will receive his money ($20,000) plus 20% of the remainder $40,000 or $8,000. The ROI of this deal is 40% in one year.
  • 2 : The investor would issue the work payment checks directly to the professional boat restorer. the investor will be part of all restoring negotiations. I will probably do a lot of the work without pay.
  • One owner : purchased new 2001. New bottom and boat survey April 2016.
  • The “Grande Dame” is a 34’ : 1950, Henry Hinckley Co., Classic – a Yachtsman’s sloop in striking condition. Cedar on oak construction with varnished mahogany cockpit and cabin trunk, teak deck and cockpit sole, Sitka spruce mast, main and club jib booms, cast iron keel ballast and a 30hp Universal Atomic Four engine.
  • 1 : I am in the process of restoring it, but I ran out cash, so I need an investor to pledge up to $20,000 to finish the job and sell it ASAP. A similar boat in very good condition sells for $60,000 to $75,000. The restoration will be done by a professional boat restorer and it might take less then a year to finish the job.
  • 4 : This deal would be drawn (Lien) by an attorney, so it will be legal and up front.
  • 5 : The investor will have the right to sail the boat with me or alone with his friends at any time, until the boat is sold.
  • 6: If the investor would like to be part of the crew and enjoy the boat while the boat is available, will help pay half of the monthly maintenance cost ($150) for mooring at Crandon Marina, registration and insurance. If WE decide to move the boat to a better location and increase the monthly expenses the same deal will apply (half and half).

Pearson 303 equipment

  • Hull: white, gelcoat
  • Deck: Marine ply with teak overlay
  • Water: 30 gallon Monel