Cheoy Lee Midshipman 40 Sailboats for Sale & Market Overview

A.E. Luders·1972·Cheoy Lee Shipyard
Cheoy Lee Midshipman 40 drawingBuilder drawing
Hull type
Monohull · fin
Rig
Ketch
LOA
39.83' · 12.14 m
Displ.
22,000 lbs · 9,979 kg
First year
1972

The Cheoy Lee Midshipman 40 represents a significant milestone in the evolution of centercockpit cruising yachts, blending the aesthetic traditions of the Lo family’s shipyard with the naval architecture of A.E. "Bill" Luders Jr. Launched in the early 1970s, this model was designed to satisfy the growing American demand for a "liveaboard" vessel that prioritized interior volume and private accommodations without sacrificing the seaworthy characteristics for which Cheoy Lee was already famous. As a heavydisplacement ketch, the Midshipman 40 occupies a specific niche between the classic lines of the Cheoy Lee Clipper series and the more contemporary performanceoriented cruisers that followed in the late 1980s.

Market snapshot

Median asking · 12 mo
Ask, not sold
Recent listings · 90 d
Listed for sale
3-month price trend
Insufficient data
Countries with listings
Global market

Recent Listings

2 for sale · sampled 10 newest

Comparable models

Similar length overall, displacement, and era. Click a row to jump to that model's market page.

Peer cross-shop

10 designs · same segment
ModelLOAMedian askListings · 12 moActive · 90 d
Island Packet 4040'$ 159,0004116
Pacific Seacraft 40$ 242,500276
Bowman 3636'$ 39,0481813
Hughes 4040'$ 69,9001611
Rival 4039.92'$ 159,896167
Tartan 4040.25'$ 89,900142
Gulfstar 44 Kth44.67'$ 44,500138
Moody 4039.5'$ 87,261104
Morgan 40 Cruising Ketch40.16'$ 26,00099
Cheoy Lee Offshore 4140.92'$ 54,50061

Frequently asked questions

01What should I look at instead of a Cheoy Lee Midshipman 40?+
Comparable models include Island Packet 40, Pacific Seacraft 40, Bowman 36. See the peer cross-shop table above for pricing and availability.