2003 Formula 40 Performance Cruiser Cypress Bay, TX $129,000 USD

"Wine Down"

This 2003 Formula 40 PC pairs the offshore performance and build quality that define Formula's Performance Cruiser series with a documented history of mechanical care. 

Twin Yanmar 6LY2A-STP 440 HP diesels — just over 1,000 hours — deliver strong, efficient cruising, with a comfortable cruise in the mid-20-knot range and a top end near 29 knots.

The current owners have invested steadily in the systems that matter most. A brand-new air conditioning system was installed in May 2026 — a meaningful upgrade for Gulf Coast summers. Both engine oil coolers were replaced in 2018, the raw-water pumps have been renewed, the starboard turbocharger was replaced in 2023, and the starboard main heat exchanger was professionally removed and cleaned. The 5.0 kW Westerbeke generator received a new generator end in 2021. The bottom was done in 2023, and a factory Formula cover was purchased new the same year.

On deck, a hydraulic swim platform makes water access and boarding effortless, and a bow thruster takes the stress out of tight-slip and cross-wind docking. 

The cockpit offers U-shaped seating with a removable table, a wet bar with sink and ice maker, and a painted aluminum radar arch with bimini top.  The helm seats captain and guests behind a three-sided Taylor-made stainless windshield with an opening center section to walk to the bow safely.

Below decks she offers an open floor plan, one-head layout: a forward master with queen berth, an mid cabin that converts to a double, a full-beam salon with convertible dinette, and a galley finished with Corian-style counters, a ceramic cooktop, microwave, and refrigerator/freezer. Blue LED accent lighting sets the mood. The interior wall coverings are ready for refresh — an easy opportunity for the next owner to make the cabin their own.

Repainted in her distinctive Bahama Blue, this Formula 40 PC is a striking, capable Gulf Coast cruiser with the major mechanical updates already handled. 

Updated photos and videos soon.

Engine and generator hours are as of the date of the original listing and are a representation of what the listing broker is told by the owner and/or actual reading of the engine hour meters. The broker cannot guarantee the true hours. It is the responsibility of the purchaser and/or his agent to verify engine hours, warranties implied or otherwise and major overhauls as well as all other representations noted on the listing brochure.

The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.