All that stuff. I have a nice little 24 ft classic sailing boat. Four berths, little kitchen, standing headroom. Two batteries connected to solar, one for the motor and another for the lights and autopilot. It takes me 20 minutes to get off the pontoon and out on the water. I mostly sail on my own and I can manage this little boat in any weather on my own. Go small go now. 1968 van der stadt designed classic plastic. My boat was bought at auction for 240 Euros. After 51 years it still has a super dry bilge. :)
Stop listening to trolls that might not like your boat reviews. Your videos are enjoyable and I hope you get back on the water soon. Fair winds. (This comment might be referring to one of your recent videos rather than this one but better late than never.) I know you have to work on land right now but absolutely keep these videos coming.
When I first got back from Vietnam I went in with five other guys and we bought a 75' ocean racing catamaran. We set 3 Transatlantic speed records with her and finally sold her in 2003. She was at Gilbert Marina in Key Largo for about 20 years off and on.
That is the most beautiful of any sailboats I have ever seen inside of. Spacious, well thought out areas, I can only imagine her in her glory days. She's perfect for restoration but on her way to disrepair and neglect. Thank you guys for the tour!
The thing about Formosa sailboats like this is they were built like tanks. The fiberglass/resin layup they did when building the Formosa line didn't involve a foam core sandwich and vacuum bagging like they do nowadays, ending with a hull that's about 1.5 inches thick. They just laid down solid glass and resin until it was about 2-4 inches thick. It's like it's been made of stone. "Solid" just doesn't do it justice. And the layout is like nothing else out there. Being heavily built, she shrugs off seas that'll toss most other lighter boats all over the place, and yet still maintains good speed under sail. This old girl needs a LOT of cosmetic work, which frankly isn't too bad. The pricey bits are replacing or rebuilding that engine and transmission, replacing all of the running/standing rigging and sails, and, if it were me buying it, rewiring and re-plumbing the entire boat. Most of that stuff is original and the only way to ensure it'll work properly in the future and not fail a thousand miles from anywhere is to replace it all. Altogether, if you got the price down to $130-ish, and then put $80-100K into it, you'd have a really, REALLY nice yacht at a fraction of what people pay for something that size new nowadays. Totally worth it. Just have to have the will and the bank account to make it happen. Of all the boats out there, a Formosa is definitely worth saving.
We'veall seen boats like this is marinas or on the hard and wondered about the interior. Thanks for showing us. And, oh? As in real estate, don't let the owner be around during a showing, they limited honest repartee.
Only thing missing was Captain Ron! Oh wait, that Formosa was in better shape than this one. Sad to see such a nice boat in such bad shape. It would take way more money, time, and effort than it would be worth in the end. Especially given the way to high starting price. I'm reminded of the "Dirt Cheap Fifty-Two Foot DREAM Yacht! Should We Buy?" episode. That being said, awesome video, really enjoyed it. I especially like the detailed slow tour commentary by Randy, and then the seamless less detailed walk through "for perspective" by Jordan. That is something I haven't seen any other walk through videos do and you can't really get a feel for the layout. Great job, keep it up!
@@acolyteoffire4077 Much as I hate to tell people what to do but if they need to do repairs etc then they need to buy a boat they can just enjoy without the hassle of repairs etc.
Had to stop watching at 13 minutes, the price + the condition + the hours of labor and refitting costs and future maintenance started to make me nauseous. Its the perfect boat for someone with the right combination of time, money, know-how and a need for that size boat. Eventually he will find that person but I'm guessing the sale price will be well below $100k.
This is a fun series to watch and I believe you two are getting a lot of great information and ideas on what you want your next boat to be. Thanks to you both for the video.
She a is beauty of a Formosa Ketch looking for an experienced couple to update her original finish and hardware. My wife and I lived aboard the same style of "modified" SV then known as a varient of a Formosa/Taiwan Clipper constructed of double plank Mahogany, Teak and Oak making her hull almost 2 1/2" thick at her full keel joint, heavy vessel yet stiff and forgiving in heavy seas. We carried intra-island cargo throughout the Bahamas (modified two midship cabins) and as far as Big Corn and little Corn Islands for almost eleven years. We re-rigged her standing rigging with wire instead of rod. She was a true 64' on deck, just 4 feet shy of this one's lines. We added a 6' working bowsprit (which had been removed) along with typical heavy-duty martingale stay, dolphin striker and bobstay to accommodate a larger second furling sail which made her a cross-over cutter/ketch (used her boom to float cargo from hull to quay) The main- mast topped-out about 83' off the waterline. This was before electric/hydraulic winches hence one had by virtue of necessity to have some serious muscle/tendon strength and stamina. Nice vessel for a great project if the hull/deck and all main hard-points are sound. Be well, nice job. Capt. David Lee, SV Eleuthros (ret)
@@kevinfisher1345 When underway in 3-4' of sea with 12-18 knots true, we usually manned the lines/helm with two able bodied mates that literally knew the ropes/lines and rigging . If fully loaded at just over 40 tons we manned with 3 on deck (including helm) due to square footage of sail and port time considerations. A freshening breeze off beam would wake her up, she would start to hum and shortly the rigging would sing a most lovely song. You could always tell when she was in her element, stand amidship and feel her deck move underfoot from one foot to the other as she rose to the next roller.
That is a lot of boat! Thank guys for the walk through and the information about the resort Paul has. Hope someone pick this up and restores her. The deck definitely needed work but the below decks look pretty much intact with a lot of cleaning and organizing to do. The rigging, winches, etc. would cost most of $100k so you would be ahead of the curve on that. Without seeing it in person, the deck looks to be the major repair cost to getting it sailing. Then you could remodel/repair the insides as required. I've done similar on several houses. Reduces the initial money impact. Take care and have a great week ahead. Keep the tours coming until you get back to working on Freebie.
I rarely comment of RUclips but so many negative comments about the presentation. It was fine. Sure the boat is a money pit and overpriced but that has nothing to do with the preview. I enjoyed seeing the big boat with the interior of the day. Much better finish than is done today. If i were not retired I would be tempted to do one more restore. Thanks for the look.
Too bad the shadow owner was following you around like a store detective. I could only justify his presence to answer any questions you might have, but I would have zero questions because I would be running from that POS in a minute. Among many issues, the layout for such a big boat sucked. That topside entry into the master cabin is only good for the owner's use, otherwise, any others would have to navigate around the hazardous maze on the top deck to gain entry forward. The three cabin shared shower was goofy as hell, poor design and how else does the v berth occupant gain entry? She pointed out a hatch, so that means lowering a ladder each time you want to enter to avoid having to tromp through a cabin and shower stall? This boat is the definition of a money pit, you would have to pay me to buy it, you would still go broke fixing it. I wonder what year it is?
I enjoy that you do the walk through around the 20 min mark, it helps heaps to add perspective. smaller boats would be nice too, "cause that is all I would be able to afford :) Another great boat tour thanks for all your effort guys
I think your guys point on Dockage was spot on, not all marinas can hold a boat that size, and those that do will charge you plenty for the honor. Add to that refit costs that would double your initial investment and it’s a very specific buyer he is looking for.
@@LearningtheLines I wonder how many of your viewers actually believe your "disclaimer" that you don't do this for totally altruistic reasons. You know, in your spare time you just go around looking at boats for sale. Ya right.
well...I just finished "binge watching" all of your videos. It took 3 weeks. I must say that during this entire event in your lives you have made all of the right decisions for "you". I emphasis the you because there are a few out there that would disagree with my assessment and your decisions. I think that it was a benefit for me to watch all of your videos one after the other. it gave me a perspective on your decision making process I could not have gotten otherwise. My overall opinion of your channel is an 11 out of 10. you hit the mark with me on several occasions. of all the sailing channels I have watched yours has been the most informative when it comes to refitting a small boat. I had the chance last week to take a friend up on a free boat. it is a Catalina 22. after watching what you have gone thru I decided not to take it. I say that in a good way. I have so many other projects here on the farm I just could not take on another. I look forward to future videos and watching the learning and growing process. I think the two of you are an awesome couple. I only have one question: Jordan, how in the world did you find such a jewel for a wife? I could use some pointers. best of luck to the two of you and stay close to each other. Luv ya!! :o)
Hey Carey, thanks so much for the kind words! It's really awesome to hear that you're enjoying our videos and that they're helping you in your own way. As far as how I found Randi... we met in high school and have been together for going on 11 years now so I really have no pointers unless you happen to be in high school, Lol. -Jordan
glad to hear the two of you are solid...not only shipmates but soulmates as well. Keep the keel down and the canvas up. see you on the next vid..@@LearningtheLines
within the first 3 ft of stepping onto the boat, turn and walk away!!!!! the first part where the deck glass is missing, I'm sure there is a lot of water damage. then behind the owner look at that hatch...it has a hold in it....If that is what you can see.....just think about what's wrong with what you can't see....
Wow! That's an interesting boat. It would probably be great for a family with two or 3 older kids that's if it was in good shape. Tons of serious work needed on that though.
That boat needs to be put in a dry shed, completely gutted and bleached inside. Then do soft spots, cracks, leaks in chain stays. I’d say honestly this boat sells closer to 30,000 with all the work that needs done.
Thank you for touring a very interesting and unique boat. You are 100% correct - this is for experienced hands-on sailor(s) with a love of the Formosa brand, and the time and money to restore it. Want to see something similar, but on a smaller scale? If so - hunt down a Rafiki. Both inspired by, or perhaps was the inspiration for, the R Perry Baba from Taiwanese boat yards, like the Choy Lee or Tayana. Fun stuff. Tour on please.
Given the amount of water damage and refitting I would estimate 100k too high and someone would still spend 300-400k. Beautiful boat but he will be lucky to find someone at any price.
people need to start seeing old boats like krusty old rv's that have had their wheels stolen.... thats all they are and thats all you should pay plus rv's dont sink into ground
Wow, yes it Was a huge project but what a fantastic live aboard cruiser it would be! So much space below decks, most likely great for a family or even a charter. As you said, ' it will take someone with lots of $ to handle what she needs'!
Yep, I'm interested in who might actually be interested in buying her. My guess, someone with a lot of money and time and willing to pay someone else to do most of the work. A few hundred thousand might get her back to her former glory along with updating the electronics. For half a million it might be excellent cruising condition again. Can you get a brand new 70' sailboat for half a million? I could be wrong but I'm not sure you can.
Forget the cost of the boat and repairs, what about mooring costs or docking costs, fuel costs, insurance costs, haul out costs, it just never stops. Drive it up on the beach and use it for a summer home.
Great tour again. Very nice ship, but oh man what a mess. Every inch needs work, it would basically need a full overhaul inside and outside. It probably once was a top-end ship, but it has been neglected for too long. You easily have to spend ten thousands on the sails, standing an running riggings. Once restored is would be great ship for charter, long journeys around the globe, or a place to live.
I knew Exactly where you were as soon as I saw that boat I live down the street on the other side of the Pilot House Restaurant:)I ride by that boat all the time, I cool y'all were in Key Largo:)
Thanks as always guys. Great review. Would love to see boats that have been for sale for some time and where a new buyer like myself might be able to show to show up with $50-75k cash to possibly be able to get that sweet deal as is.
@@LearningtheLines The future may be more realistic boats, but I feel like I learned something rummaging through a barge like this. As if you will ever see it on a sailing channel being shown off sailing around the world or anywhere. Yet someone will probably buy it. Be realistic. Thanks for the lesson.
I like seeing the varity of boats. Well made video's with good dinamics between you two. I'm sail illiterate with a little lessdistict thrown in to keep me confused and wondering!! : , ) What's the difference between "port" & "starboard"? Do you have to park on the same side of the "whatever" every time you come to town (port?). Or do you sail with the stars on the right? And all this sail talk and rigging and tackle. I like your vid's and hope you make more. I'm hoping you two will help enlighten us landlubbers in the "zen" , ying/yang, "way of the sail and it's boat", as well as the Sailors themselves. Thank you!! Is it hard to cook at sea? Can you grow vegies on board like snap peas /carrots or tomatoes?
Gunna have to bring the asking price way down. If you've got a $250,000 budget, can get the boat for $100,000 or less and have 2 years worth of patience; you can make that boat something GREAT.
The wife and I love your blog especially that one the guy put a million dollars into it and he died before he got to sell it that's sad nice boat but not much room for Scallywags LOL keep up the the good work guys and keep Randy Happy you're lucky man Reef Runner out
It's a beautiful boat On closer inspection A lot of deck ports in it's floor tanks, that makes me wonder on exact of work it needs It needs a lot of sanding and revarnishing down below deck. For $170,000 dollars it is a big project. Think about how much time you are willing spend on the boat . Nice, but needs a lot of work.
Lots of time and money needed to get that boat in cruising condition. Can't imagine why the owner wouldn't have spent a little time and effort putting it together before a video showing! Formosas were heavily-built boats, though, so it has good bones.
That is a boat that you need to have the engine started, make sure all pumps run, more mechanical in the video...The woodwork can be fixed with some elbow grease and time. A lot of work needed overall.
Saw this one online and seriously thinking about taking on this project and rigging her for solo sail to circumnavigate the globe. If i do that engine is getting pulled and replaced by a 500 hp electric motor and switching her to mostly solar to cut back on what would be a murderous monthly fuel bill
Can you say, "NOT for $17,000.00, Let alone $170K..!!!" But at least the owner cleaned up before you arrived. That was nice of him. I wonder what their cottages and 22' boats look like..!! lol
Without Worries I suspect someone who wants an antique 70’ mono probably doesn’t want a 47’ cat. This is definitely a rich mans boat for someone who can dump in another couple hundred grand into it to have a huge restored classic yacht and can afford to maintain it and store it
There seems to be a maintenance line with boats this large where if it has not been cared for with an open checkbook, it becomes too far gone for anyone to keep throwing money and time. I really hope this guy finds a buyer and saves it but buying a house for $170k and putting much less money and time into and flipping it would give you the money to buy a better condition boat. If this were me it would be close to fire sale time before the next big Irma storm hits. Thanks for the tour.
Great tour! If I had a million bucks this would be a cool project. It’s just time and money. Who’s got it? I’ll manage the project. Just need the investor 👍💰🍻💫⛵️👍
These walk throughs are great to look at and see and learn, but its time to get some additional lighting. Keep them coming! you have an audience, and can be helping these owners or inheritors find good homes for these boats!
An emergency tiller would have been nice on our Caribbean Crossing from PR to Curacao Monday. We lost steerage 45 miles north of the island and had to makeshift tiller with our dinghy oars 😜 slowly motor limp south to be towed in the last 25 miles to Willemstad
Interesting boat. Lot of experience with boats here and we hate paying Moorage!! LOL!! I wonder just how much is really wrong with this boat? The wood will clean up no problem but I wonder about the engine which has a cloth over it for some reason, sails, electronics, bottom, blisters. Sometimes old electronics are impossible to fix because the companies will not repair them and do not offer parts. It’s in an odd position being a 70 footer and in need of so much work. The money to get that boat in condition here in the U.S. would be one big pile. Ship it to a country where boatyard work is cheap but excellent! Fit new sails and sail it back and live on one of those Moorage balls in Florida!! She’d be a handful with a load of force on sheets, etc.
It looks like it would take at least another $170,00.00 and over a years worth of work for it to be a sea worthy yacht again. Plus a boat this size will need a crew of at least 3 competent people just to motor it over to the fuel dock, this would be a handful for a couple.
Whats wrong with the engine? What would be a ball park dollar amount to get that boat water worthy and i mean everything! Only a guess obviously but i bet 100k atleast to get it in ship shape! Probably needs a repower although i couldnt tell if the power plant was original. I fell in love with the second you guys went inside it has a ton of character and charm especially once it would be finished!
really fast!! I’d imagine it would be a lot more than that for everything. Maybe just to get it sailing and not worry about cosmetic stuff as much. But I don’t know, just my uneducated guess.
I love the layout and interior size, and the size I am looking for, though I prefer a sloop or cutter rig sloop for ease of short handed sailing (ie. do the sailing work and every one else enjoys the ride). Personally doing the actual DIY work wouldn't be an issue.. but Like you said money would be as she is a huge boat and needs a lot of work and for her price assuming it's above the 100k line....which you didn't list in the description, and I couldn't find on the linked page...
Spend a million dollars on it, and you'll have a nice 68' sailing boat. $170K for the purchase, and the rest to bring it back to restored condition. For that kind of money, you can buy a nice slightly shorter, much newer catamaran, or, even a brand new cat (of a lesser quality). Not where I would be spending my money.
Have you seen the Chanel “Odd life Crafting”?? Not really a sailing channel but they did just buy a sail boat... it’s a huge project (more then I think they think it is)... however it’s an awesome layout. Love the way it’s set up !!
Is that boat right next door to Key Largo Fisheries? I totally rode my bike on that dock last month when we stayed in key largo, Kawama Yacht Club $140 a night for the whole 3 bedroom condo on Airbnb
BTW if the general rule of spending 10% annually applies to maintain a boat, this owner would be writing the buyer a sizable check just to haul his wreck away!
Yep a lot of work and money you stated that to fix up you need money,how much is a lot? for that price there are other yachts that may have better potential and the fixer upper may be less money and work. It's a huge boat
I loved this boat the moment i sow it!! Is amazing !! so beautiful!! and i can do almost all the job it needs.. If i had that kind of money !!! thats the one i bought...in a better price thow
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Glad to see he tidied up before you got there.
😂😂😂😂
Geez it looks like a terrible boat with all the junk and scratches in the wood.
😂😂😂👍🏻
All that stuff. I have a nice little 24 ft classic sailing boat. Four berths, little kitchen, standing headroom. Two batteries connected to solar, one for the motor and another for the lights and autopilot. It takes me 20 minutes to get off the pontoon and out on the water. I mostly sail on my own and I can manage this little boat in any weather on my own. Go small go now. 1968 van der stadt designed classic plastic. My boat was bought at auction for 240 Euros. After 51 years it still has a super dry bilge. :)
Stop listening to trolls that might not like your boat reviews. Your videos are enjoyable and I hope you get back on the water soon. Fair winds. (This comment might be referring to one of your recent videos rather than this one but better late than never.) I know you have to work on land right now but absolutely keep these videos coming.
When I first got back from Vietnam I went in with five other guys and we bought a 75' ocean racing catamaran. We set 3 Transatlantic speed records with her and finally sold her in 2003. She was at Gilbert Marina in Key Largo for about 20 years off and on.
I recommend that you create a playlist for all of your boat tours. That way us nerds can binge watch them. :)
The name of this boat is TARGET PRACTICE !!!!!
That is the most beautiful of any sailboats I have ever seen inside of. Spacious, well thought out areas, I can only imagine her in her glory days. She's perfect for restoration but on her way to disrepair and neglect. Thank you guys for the tour!
"On her way to disrepair and neglect?" You must be kidding me.
The thing about Formosa sailboats like this is they were built like tanks. The fiberglass/resin layup they did when building the Formosa line didn't involve a foam core sandwich and vacuum bagging like they do nowadays, ending with a hull that's about 1.5 inches thick. They just laid down solid glass and resin until it was about 2-4 inches thick. It's like it's been made of stone. "Solid" just doesn't do it justice. And the layout is like nothing else out there. Being heavily built, she shrugs off seas that'll toss most other lighter boats all over the place, and yet still maintains good speed under sail.
This old girl needs a LOT of cosmetic work, which frankly isn't too bad. The pricey bits are replacing or rebuilding that engine and transmission, replacing all of the running/standing rigging and sails, and, if it were me buying it, rewiring and re-plumbing the entire boat. Most of that stuff is original and the only way to ensure it'll work properly in the future and not fail a thousand miles from anywhere is to replace it all.
Altogether, if you got the price down to $130-ish, and then put $80-100K into it, you'd have a really, REALLY nice yacht at a fraction of what people pay for something that size new nowadays. Totally worth it. Just have to have the will and the bank account to make it happen. Of all the boats out there, a Formosa is definitely worth saving.
We'veall seen boats like this is marinas or on the hard and wondered about the interior. Thanks for showing us. And, oh? As in real estate, don't let the owner be around during a showing, they limited honest repartee.
For free, that would still be a lot of work.
That's why it's for "sale", no one wants to have to pay to have a haul-off disposal.
Not J wayyyy to much work. You can get much better deals
In Florida
It would motivate me to want to bring it back even more, if I got one of this for free, ime very handy.
I'm amazed someone thought of building something so impractable. Death row is just around the corner for this boat.
Only thing missing was Captain Ron! Oh wait, that Formosa was in better shape than this one. Sad to see such a nice boat in such bad shape. It would take way more money, time, and effort than it would be worth in the end. Especially given the way to high starting price. I'm reminded of the "Dirt Cheap Fifty-Two Foot DREAM Yacht! Should We Buy?" episode. That being said, awesome video, really enjoyed it. I especially like the detailed slow tour commentary by Randy, and then the seamless less detailed walk through "for perspective" by Jordan. That is something I haven't seen any other walk through videos do and you can't really get a feel for the layout. Great job, keep it up!
Thanks for the kind words!
This boat was also built by the Formosa Company, brand new they were $650,000! I've sold several in remarkable better condition.
Unfortunately..that yacht will suffer a long lonely demise. Not sailable or sellable. She will make a good reef.
Bollocks, not paying people and doing the work yourself would save money. Using s/h parts, timber etc.
It looks like a horror movie.
@@MegaDirtyberty yeah but not many people have the combination of expertise to restore her, let alone the money and time.
@@acolyteoffire4077 Much as I hate to tell people what to do but if they need to do repairs etc then they need to buy a boat they can just enjoy without the hassle of repairs etc.
@@MegaDirtyberty no such thing as a boat notbin need of repair.
Had to stop watching at 13 minutes, the price + the condition + the hours of labor and refitting costs and future maintenance started to make me nauseous. Its the perfect boat for someone with the right combination of time, money, know-how and a need for that size boat. Eventually he will find that person but I'm guessing the sale price will be well below $100k.
The title should say "under $170.00" ...they missed a few decimal points.
I agree. The previous owner let a lot of maintenance go undone.
He is reselling it trying make a killing on it, when he gets frustrated, he will dump it.
Yes I think she's worth $80,000 and needs about $80,000 spent on her including sails, engine recon haul out, paint ECT ECT.
@@jacobfirst2365 i think the number is more like 150
This is a fun series to watch and I believe you two are getting a lot of great information and ideas on what you want your next boat to be. Thanks to you both for the video.
Thank you!
She a is beauty of a Formosa Ketch looking for an experienced couple to update her original finish and hardware. My wife and I lived aboard the same style of "modified" SV then known as a varient of a Formosa/Taiwan Clipper constructed of double plank Mahogany, Teak and Oak making her hull almost 2 1/2" thick at her full keel joint, heavy vessel yet stiff and forgiving in heavy seas. We carried intra-island cargo throughout the Bahamas (modified two midship cabins) and as far as Big Corn and little Corn Islands for almost eleven years. We re-rigged her standing rigging with wire instead of rod. She was a true 64' on deck, just 4 feet shy of this one's lines. We added a 6' working bowsprit (which had been removed) along with typical heavy-duty martingale stay, dolphin striker and bobstay to accommodate a larger second furling sail which made her a cross-over cutter/ketch (used her boom to float cargo from hull to quay) The main- mast topped-out about 83' off the waterline. This was before electric/hydraulic winches hence one had by virtue of necessity to have some serious muscle/tendon strength and stamina. Nice vessel for a great project if the hull/deck and all main hard-points are sound.
Be well, nice job.
Capt. David Lee,
SV Eleuthros (ret)
Thanks for all the info! Sounds like your boat was beautiful!
Interesting story. How much crew did you have to sail it?
@@kevinfisher1345 When underway in 3-4' of sea with 12-18 knots true, we usually manned the lines/helm with two able bodied mates that literally knew the ropes/lines and rigging . If fully loaded at just over 40 tons we manned with 3 on deck (including helm) due to square footage of sail and port time considerations. A freshening breeze off beam would wake her up, she would start to hum and shortly the rigging would sing a most lovely song. You could always tell when she was in her element, stand amidship and feel her deck move underfoot from one foot to the other as she rose to the next roller.
I like your new format, previewing boats for sale that most of us wouldn't be able to see. Keep it up.
That is a lot of boat! Thank guys for the walk through and the information about the resort Paul has.
Hope someone pick this up and restores her. The deck definitely needed work but the below decks look pretty much intact with a lot of cleaning and organizing to do. The rigging, winches, etc. would cost most of $100k so you would be ahead of the curve on that. Without seeing it in person, the deck looks to be the major repair cost to getting it sailing. Then you could remodel/repair the insides as required. I've done similar on several houses. Reduces the initial money impact. Take care and have a great week ahead. Keep the tours coming until you get back to working on Freebie.
I rarely comment of RUclips but so many negative comments about the presentation. It was fine. Sure the boat is a money pit and overpriced but that has nothing to do with the preview. I enjoyed seeing the big boat with the interior of the day. Much better finish than is done today. If i were not retired I would be tempted to do one more restore. Thanks for the look.
Another great review, thanks! Very diplomatic!
Too bad the shadow owner was following you around like a store detective. I could only justify his presence to answer any questions you might have, but I would have zero questions because I would be running from that POS in a minute. Among many issues, the layout for such a big boat sucked. That topside entry into the master cabin is only good for the owner's use, otherwise, any others would have to navigate around the hazardous maze on the top deck to gain entry forward. The three cabin shared shower was goofy as hell, poor design and how else does the v berth occupant gain entry? She pointed out a hatch, so that means lowering a ladder each time you want to enter to avoid having to tromp through a cabin and shower stall? This boat is the definition of a money pit, you would have to pay me to buy it, you would still go broke fixing it. I wonder what year it is?
I enjoy that you do the walk through around the 20 min mark, it helps heaps to add perspective.
smaller boats would be nice too, "cause that is all I would be able to afford :)
Another great boat tour thanks for all your effort guys
I think your guys point on Dockage was spot on, not all marinas can hold a boat that size, and those that do will charge you plenty for the honor. Add to that refit costs that would double your initial investment and it’s a very specific buyer he is looking for.
Holy moly that's going to be a lot of work. Run.
You see a dream yacht, I see a maintenance nightmare. Needs professional full time crew and lots of bucks, too much.
We try to see it for what it once was and what it could be. In it's current state it needs A LOT.
@@LearningtheLines 70 footer doesn't need a full crew. 2 people can handle this boat.
@@LearningtheLines I wonder how many of your viewers actually believe your "disclaimer" that you don't do this for totally altruistic reasons. You know, in your spare time you just go around looking at boats for sale. Ya right.
well...I just finished "binge watching" all of your videos. It took 3 weeks. I must say that during this entire event in your lives you have made all of the right decisions for "you". I emphasis the you because there are a few out there that would disagree with my assessment and your decisions. I think that it was a benefit for me to watch all of your videos one after the other. it gave me a perspective on your decision making process I could not have gotten otherwise. My overall opinion of your channel is an 11 out of 10. you hit the mark with me on several occasions. of all the sailing channels I have watched yours has been the most informative when it comes to refitting a small boat. I had the chance last week to take a friend up on a free boat. it is a Catalina 22. after watching what you have gone thru I decided not to take it. I say that in a good way. I have so many other projects here on the farm I just could not take on another. I look forward to future videos and watching the learning and growing process. I think the two of you are an awesome couple. I only have one question: Jordan, how in the world did you find such a jewel for a wife? I could use some pointers. best of luck to the two of you and stay close to each other. Luv ya!! :o)
Hey Carey, thanks so much for the kind words! It's really awesome to hear that you're enjoying our videos and that they're helping you in your own way. As far as how I found Randi... we met in high school and have been together for going on 11 years now so I really have no pointers unless you happen to be in high school, Lol.
-Jordan
glad to hear the two of you are solid...not only shipmates but soulmates as well. Keep the keel down and the canvas up. see you on the next vid..@@LearningtheLines
hey guys ive been looking at boats for awhile and you are the best at showing and describing them.
love your channel.
keep up the good work.
A few vids ago I commentated about deteriorating wood paneling this is a perfect example of it,, not to expensive ,, just hours and hours,,
within the first 3 ft of stepping onto the boat, turn and walk away!!!!! the first part where the deck glass is missing, I'm sure there is a lot of water damage. then behind the owner look at that hatch...it has a hold in it....If that is what you can see.....just think about what's wrong with what you can't see....
Loving these videos, keep the good work guys! Cheers from Brazil!
Thanks for the review, please keep them coming!
Wow! That's an interesting boat. It would probably be great for a family with two or 3 older kids that's if it was in good shape. Tons of serious work needed on that though.
This boat would be a fantastic government “make works” project. A lot of man hours will be needed to bring this neglected, derelict hulk back to life.
Damn funny, bill !
Looks like a hurricane boat deal to me .....a lot of open panel's to get the milduie smell out I'm. Thinking
That boat needs to be put in a dry shed, completely gutted and bleached inside. Then do soft spots, cracks, leaks in chain stays. I’d say honestly this boat sells closer to 30,000 with all the work that needs done.
yikes lots of work ,,,,understatement ,,,thanks for the tour ,,,
Thank you for touring a very interesting and unique boat. You are 100% correct - this is for experienced hands-on sailor(s) with a love of the Formosa brand, and the time and money to restore it. Want to see something similar, but on a smaller scale? If so - hunt down a Rafiki. Both inspired by, or perhaps was the inspiration for, the R Perry Baba from Taiwanese boat yards, like the Choy Lee or Tayana. Fun stuff. Tour on please.
Given the amount of water damage and refitting I would estimate 100k too high and someone would still spend 300-400k. Beautiful boat but he will be lucky to find someone at any price.
I wouldn't even describe it as "beautiful". It's a barge with two masts.
WOW so much work to be done. Asking way to much, just saying. Another great episode and can’t wait for the next one guys.
Was she ever finished? I’d love to see a follow up video. I just love Formosa and Vagabonds!
people need to start seeing old boats like krusty old rv's that have had their wheels stolen....
thats all they are and thats all you should pay
plus rv's dont sink into ground
Wow, yes it Was a huge project but what a fantastic live aboard cruiser it would be! So much space below decks, most likely great for a family or even a charter. As you said, ' it will take someone with lots of $ to handle what she needs'!
Yep, I'm interested in who might actually be interested in buying her. My guess, someone with a lot of money and time and willing to pay someone else to do most of the work. A few hundred thousand might get her back to her former glory along with updating the electronics. For half a million it might be excellent cruising condition again. Can you get a brand new 70' sailboat for half a million? I could be wrong but I'm not sure you can.
Learning the Lines nope, not me but there is bound to be someone iut there that just might take on this project.
For a half million dollars you can buy an awesome boat ready to go.
Besides the salon, I felt the interior space was small for a 68' boat, or rather poorly designed.
You guys make me happy
Forget the cost of the boat and repairs, what about mooring costs or docking costs, fuel costs, insurance costs, haul out costs, it just never stops. Drive it up on the beach and use it for a summer home.
What a great layout.
Now this one I love.
I didn't see much of the interior of the yacht, but I saw a lot of white singlet and Randy lol
Keep up the good work.
Great tour again. Very nice ship, but oh man what a mess. Every inch needs work, it would basically need a full overhaul inside and outside. It probably once was a top-end ship, but it has been neglected for too long. You easily have to spend ten thousands on the sails, standing an running riggings. Once restored is would be great ship for charter, long journeys around the globe, or a place to live.
I knew Exactly where you were as soon as I saw that boat I live down the street on the other side of the Pilot House Restaurant:)I ride by that boat all the time, I cool y'all were in Key Largo:)
Thanks as always guys. Great review. Would love to see boats that have been for sale for some time and where a new buyer like myself might be able to show to show up with $50-75k cash to possibly be able to get that sweet deal as is.
Yes, I'll be looking at some more realistic boats soon!
@@LearningtheLines The future may be more realistic boats, but I feel like I learned something rummaging through a barge like this. As if you will ever see it on a sailing channel being shown off sailing around the world or anywhere. Yet someone will probably buy it. Be realistic. Thanks for the lesson.
I like seeing the varity of boats. Well made video's with good dinamics between you two. I'm sail illiterate with a little lessdistict thrown in to keep me confused and wondering!! : , ) What's the difference between "port" & "starboard"? Do you have to park on the same side of the "whatever" every time you come to town (port?). Or do you sail with the stars on the right? And all this sail talk and rigging and tackle. I like your vid's and hope you make more. I'm hoping you two will help enlighten us landlubbers in the "zen" , ying/yang, "way of the sail and it's boat", as well as the Sailors themselves. Thank you!! Is it hard to cook at sea? Can you grow vegies on board like snap peas /carrots or tomatoes?
It would be super hard to spend that much money when if you put it into a boat already sailing you could be off and away tomorrow! Cheers Warren
Gunna have to bring the asking price way down. If you've got a $250,000 budget, can get the boat for $100,000 or less and have 2 years worth of patience; you can make that boat something GREAT.
You guys are really good at this you should do a lot more fo these broken dream sailboat tours. More backstory!!!
The wife and I love your blog especially that one the guy put a million dollars into it and he died before he got to sell it that's sad nice boat but not much room for Scallywags LOL keep up the the good work guys and keep Randy Happy you're lucky man Reef Runner out
Neat boat. Thanks for the tour!
It's a beautiful boat
On closer inspection
A lot of deck ports in it's floor tanks, that makes me wonder on exact of work it needs
It needs a lot of sanding and revarnishing down below deck.
For $170,000 dollars it is a big project.
Think about how much time you are willing spend on the boat .
Nice, but needs a lot of work.
These comments sum it up, needs some redesign and complete overhaul. Money, passion and love required
Keep up the great work 👍! I love these videos
Looks well worn throughout, you could throw so much money at that boat
Lots of time and money needed to get that boat in cruising condition. Can't imagine why the owner wouldn't have spent a little time and effort putting it together before a video showing! Formosas were heavily-built boats, though, so it has good bones.
That is a boat that you need to have the engine started, make sure all pumps run, more mechanical in the video...The woodwork can be fixed with some elbow grease and time. A lot of work needed overall.
I'm going to guess she sells for more like 70K or less. Crazy to think she's more than double the size of my old 32' Cape Dory.
Howdy Paul. YOu performed our wedding a few years ago . . . Loved the time we spent with you guys !
Steve and Deanna Guidry
Surveyors gonna have a couple of full days looking this one over.
A million dollar project.
Saw this one online and seriously thinking about taking on this project and rigging her for solo sail to circumnavigate the globe. If i do that engine is getting pulled and replaced by a 500 hp electric motor and switching her to mostly solar to cut back on what would be a murderous monthly fuel bill
Big job to do there !
Thanks for sharing!
I would like to see you check out some trimaran sail boats. I love em. This was a huge project but I bet she's awesome under sail ⛵ nice walk through
Can you say, "NOT for $17,000.00, Let alone $170K..!!!" But at least the owner cleaned up before you arrived. That was nice of him. I wonder what their cottages and 22' boats look like..!! lol
You'd easily spend that money again on refit. For the same money you could buy a 47' Lagoon catamaran ready to sail.
Without Worries I suspect someone who wants an antique 70’ mono probably doesn’t want a 47’ cat. This is definitely a rich mans boat for someone who can dump in another couple hundred grand into it to have a huge restored classic yacht and can afford to maintain it and store it
LShe's as wide as some people boat is long but yet have crossed the Atlantic Ocean. Cheers !
There seems to be a maintenance line with boats this large where if it has not been cared for with an open checkbook, it becomes too far gone for anyone to keep throwing money and time. I really hope this guy finds a buyer and saves it but buying a house for $170k and putting much less money and time into and flipping it would give you the money to buy a better condition boat. If this were me it would be close to fire sale time before the next big Irma storm hits. Thanks for the tour.
Great tour! If I had a million bucks this would be a cool project. It’s just time and money. Who’s got it? I’ll manage the project. Just need the investor 👍💰🍻💫⛵️👍
These walk throughs are great to look at and see and learn, but its time to get some additional lighting. Keep them coming! you have an audience, and can be helping these owners or inheritors find good homes for these boats!
Find good homes? How about the scrap yard.
I HAVE HEARD OF THEIR BUSINESS 7 I HOPE TO GET THERE ONE DAY!!!!
very cool boat and decent price
This thing would be constant repair work, all of the time. Last thing you want on a long trip. Still nice though.
A masochist might enjoy the constant torture.
When you think of comfortable spacious mono hull sailing/living, this boat is it. Just to live aboard in choice location would be bragging rights.
So you have to go through either head and common shower to get to the v berth ?
An emergency tiller would have been nice on our Caribbean Crossing from PR to Curacao Monday. We lost steerage 45 miles north of the island and had to makeshift tiller with our dinghy oars 😜 slowly motor limp south to be towed in the last 25 miles to Willemstad
Oh man, glad you made it though and made it work!
That was interesting.
it needs a ton of work but was cool to see the size and layout.
Can you believe all the "know it all's" WOW!
Interesting boat. Lot of experience with boats here and we hate paying Moorage!! LOL!! I wonder just how much is really wrong with this boat? The wood will clean up no problem but I wonder about the engine which has a cloth over it for some reason, sails, electronics, bottom, blisters. Sometimes old electronics are impossible to fix because the companies will not repair them and do not offer parts. It’s in an odd position being a 70 footer and in need of so much work. The money to get that boat in condition here in the U.S. would be one big pile. Ship it to a country where boatyard work is cheap but excellent! Fit new sails and sail it back and live on one of those Moorage balls in Florida!! She’d be a handful with a load of force on sheets, etc.
It looks like it would take at least another $170,00.00 and over a years worth of work for it to be a sea worthy yacht again. Plus a boat this size will need a crew of at least 3 competent people just to motor it over to the fuel dock, this would be a handful for a couple.
A lot of work. Not sure I'd even take it on even if it was free!
You'll definitely pay the asking price again a few times over trying to restore her.
Whats wrong with the engine? What would be a ball park dollar amount to get that boat water worthy and i mean everything! Only a guess obviously but i bet 100k atleast to get it in ship shape! Probably needs a repower although i couldnt tell if the power plant was original. I fell in love with the second you guys went inside it has a ton of character and charm especially once it would be finished!
really fast!! I’d imagine it would be a lot more than that for everything. Maybe just to get it sailing and not worry about cosmetic stuff as much. But I don’t know, just my uneducated guess.
Wonder if this sailboat still available if the price was right I'd buy it and flip it
I love the layout and interior size, and the size I am looking for, though I prefer a sloop or cutter rig sloop for ease of short handed sailing (ie. do the sailing work and every one else enjoys the ride). Personally doing the actual DIY work wouldn't be an issue.. but Like you said money would be as she is a huge boat and needs a lot of work and for her price assuming it's above the 100k line....which you didn't list in the description, and I couldn't find on the linked page...
MORON !!
Spend a million dollars on it, and you'll have a nice 68' sailing boat. $170K for the purchase, and the rest to bring it back to restored condition. For that kind of money, you can buy a nice slightly shorter, much newer catamaran, or, even a brand new cat (of a lesser quality).
Not where I would be spending my money.
Have you seen the Chanel “Odd life Crafting”?? Not really a sailing channel but they did just buy a sail boat... it’s a huge project (more then I think they think it is)... however it’s an awesome layout. Love the way it’s set up !!
Formosa 68ft still for sale paul’s boat
They have a great restaurant at that Marina.
Is that boat right next door to Key Largo Fisheries? I totally rode my bike on that dock last month when we stayed in key largo, Kawama Yacht Club $140 a night for the whole 3 bedroom condo on Airbnb
Yep!
Very nice vid. Any chance we could also see big boat specials, say $45K, as well?
BTW if the general rule of spending 10% annually applies to maintain a boat, this owner would be writing the buyer a sizable check just to haul his wreck away!
Yep a lot of work and money you stated that to fix up you need money,how much is a lot? for that price there are other yachts that may have better potential and the fixer upper may be less money and work. It's a huge boat
For the nerds out there this is a Yawl not a Ketch. :D edit: could not finish video gives me ptsd. the work needed here. ps. good job on vids.
I loved this boat the moment i sow it!!
Is amazing !! so beautiful!! and i can do almost all the job it needs..
If i had that kind of money !!! thats the one i bought...in a better price thow
You must be looking at the world through rose colored glasses. I like your spirit tho.
si tuviera plata lo compraba saludos guys greetings froom colombia south america. nice boat