The Cheoy Lee Midshipman 40 represents a significant milestone in the evolution of center-cockpit 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 heavy-displacement ketch, the Midshipman 40 occupies a specific niche between the classic lines of the Cheoy Lee Clipper series and the more contemporary performance-oriented cruisers that followed in the late 1980s.
Cheoy Lee Midshipman 40 Sailboats for Sale & Market Overview

- Make
- Cheoy Lee
- Model
- Midshipman 40
- Builder
- Cheoy Lee Shipyard
- Designer
- A.E. Luders
- Number Built
- Production Year(s)
- 1972 - ??
Below are the most recent Cheoy Lee Midshipman 40 sailboat listings (up to 10).
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| Source | Year | Make | Model | Price | Cabins | Heads | City | Country | Listing Date | |
|---|---|---|---|---|---|---|---|---|---|---|
DISCLAIMER: We are not affiliated with any external listing websites in any way. We simply aggregate publicly available listings to make it easier for buyers to find sailboats for sale. We cannot guarantee the accuracy of the listings, so please verify all information with the seller before making any decisions.
Market Overview
| Model | LOA | Median Price (USD) | Listings | Recent |
|---|---|---|---|---|
| Island Packet 40 | 40' | $159,900 | 33 | 8 |
| Rival 40 | 39.92' | $169,443 | 14 | 5 |
| Tartan 40 | 40.25' | $89,900 | 14 | 0 |
| Bowman 36 | 36' | $39,206 | 14 | 9 |
| Moody 40 | 39.5' | $88,328 | 10 | 5 |
| Gulfstar 44 Kth | 44.67' | $49,000 | 9 | 3 |
| Cheoy Lee Offshore 41 | 40.92' | $55,000 | 5 | 1 |
| Islander 40 MS | 44' | $30,000 | 5 | 2 |
| Cheoy Lee Luders 36 | 35.5' | $39,500 | 4 | 1 |
| Allied Mistress 39 | 39.67' | $22,750 | 2 | 0 |
Frequently Asked Questions
- What are similar sailboats to the Cheoy Lee Midshipman 40?
- Comparable models include the Island Packet 40, Rival 40, Tartan 40. See the comparison table above for pricing and availability.