The Cheoy Lee Offshore 38, designed by naval architect Ray Richards, represents a pivotal era in the transition from traditional wooden boat aesthetics to the durability of fiberglass construction. Produced primarily in the late 1960s and 1970s, this vessel was part of the "Offshore" series that established Cheoy Lee as a powerhouse in the American export market. Unlike the Phil Rhodes-designed Offshore 40, which featured a more traditional full keel, Richards gave the 38 a modern underwater profile for its time, incorporating a long fin keel and a skeg-hung rudder. This design choice aimed to balance the seaworthiness of a blue-water cruiser with improved maneuverability and reduced wetted surface. Often characterized by the extensive use of Burmese teak both on deck and throughout the cabin, the Offshore 38 is frequently mistaken for a wooden boat at a distance, embodying the "classic" yacht aesthetic that remains highly sought after by traditionalists.
Cheoy Lee Offshore 38 Sailboats for Sale & Market Overview
- Make
- Cheoy Lee
- Model
- Offshore 38
- Builder
- Cheoy Lee Shipyard
- Designer
- Ray Richards
- Number Built
- Production Year(s)
- 1975 - ??
Below are the most recent Cheoy Lee Offshore 38 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
Price & Volume Trends
Monthly breakdown
| Month | Listings | Median Asking Price (USD) |
|---|---|---|
| Jan 2026 | 1 | $42,950 |
| Feb 2026 | 1 | $37,698 |
Median Price by Country
Listings by Country
| Model | LOA | Median Price (USD) | Listings | Recent |
|---|---|---|---|---|
| Hallberg-Rassy 38 | 37.96' | $92,479 | 22 | 9 |
| Bavaria Yachts Ocean 38 | 38.5' | $100,450 | 18 | 6 |
| Sigma 38 | 38.33' | $53,013 | 16 | 5 |
| Downeast 38 | 38' | $42,500 | 11 | 4 |
| Caliber 38 | 38' | $84,500 | 11 | 7 |
| Cheoy Lee Offshore 47 | 46.75' | $124,975 | 8 | 3 |
| Camper & Nicholsons Nicholson 38 | $41,503 | 8 | 2 | |
| Ohlson 38 | 37.06' | $41,612 | 6 | 2 |
| Downeaster 38 | 38' | $47,450 | 4 | 3 |
| Moody 38 | 37.5' | $96,602 | 3 | 0 |
| Cheoy Lee Offshore 38 | $40,324 | 2 | 1 |
| Country | Median Price (USD) | Listings (past 12 months) | Recent (90d) |
|---|---|---|---|
| Australia | $42,950 | 1 | 0 |
| Spain | $37,698 | 1 | 1 |
Frequently Asked Questions
- How much does a used Cheoy Lee Offshore 38 cost?
- The median asking price for a used Cheoy Lee Offshore 38 over the past 12 months is $40,324. Prices vary by condition, year, equipment, and location.
- How many Cheoy Lee Offshore 38 sailboats are for sale?
- We have tracked 2 Cheoy Lee Offshore 38 listings over the past 12 months, with 1 listed within the last 90 days.
- Are Cheoy Lee Offshore 38 prices going up or down?
- The median asking price for the Cheoy Lee Offshore 38 has decreased by 6.51% over the last 3 months compared to the 12-month average.
- Where is the cheapest place to buy a Cheoy Lee Offshore 38?
- Spain currently has the lowest median asking price at $37,698, while Australia is the most expensive at $42,950 — a 14% difference.
- What are similar sailboats to the Cheoy Lee Offshore 38?
- Comparable models include the Hallberg-Rassy 38, Bavaria Yachts Ocean 38, Sigma 38. See the comparison table above for pricing and availability.