Cheoy Lee Offshore 38 Buyer's Guide
Shopping the brokerage market for a Cheoy Lee Offshore 38 means looking at a 1975-onward fiberglass cruiser drawn by Raymond Richards as a masthead sloop on a long keel. These are moderately heavy boats at roughly 18,800 pounds, with a 30.68-foot waterline and a 5.68-foot draft, built in solid glass with iron ballast. The used fleet is small and specific, so a buyer should know what was originally fitted and what to check before committing.
Layouts on the Used Market
Expect a conventional mid-1970s cruiser volume from the 12-foot beam, but confirm the actual berth, galley, and head arrangement at the viewing rather than assuming a fixed template.
Equipment and Common Upgrades
Hot water and radar appear commonly fitted on boats in this class, and a buyer should verify both are present and operational. Hot water speaks to liveaboard readiness; radar is a useful offshore or fog-weather aid but should be tested for a clear return before purchase. Beyond those two, no other equipment tiers are described for this model, so treat any further gear as owner-fitted and judge it on condition alone.
What to Inspect
No chainplate, deck-core, or rigging-fatigue problem is described for this design, so inspection should follow normal used-fiberglass practice. The boat's solid fiberglass construction means a buyer should still sound the hull for thin spots and inspect the masthead rigging terminals for corrosion. Verify the working sail area measures 63.58 square meters across main and foretriangle.
Availability and Buyer's Takeaway
Boats of this model are found in Australia and Spain. Before you commit, walk the hull for gelcoat crazing and check the keel for rust staining at the garboard. Test the hot water heater under load and confirm the radar powers and sweeps. Inspect the masthead rigging terminals for corrosion and review the engine service history with the seller.
Price & volume trends
Monthly asking-price and listing-volume trends for the Cheoy Lee Offshore 38. The line shows the median ask each month; the bars show how many listings appeared.
Monthly breakdown · 2 rows
| Month | Listings | Median ask | Δ vs. last mo. |
|---|---|---|---|
| Feb 26 | 1 | $37,252 | — |
| Aug 26 | 1 | $43,119 | +15.7% |
Where they're listed
Cheoy Lee Offshore 38 listings appear across 2 countries. Australia has the most listings with 1 (50.0%), followed by Spain.
Comparable models
Similar length, displacement, and era. Open a row to compare that model's market page.
Similar boats to compare
5 similar designs| Model | LOA | Median ask | Listings · 12 mo | Active · 90 d |
|---|---|---|---|---|
| Hallberg-Rassy 38 | 37.96' | $ 96,710 | 30 | 7 |
| Nicholson 38 | 37.83' | $ 32,587 | 13 | 4 |
| Morgan 38 | 37.67' | $ 69,000 | 5 | 1 |
| Endurance 38 | 37' | $ 87,309 | 4 | 0 |
| Cheoy Lee Offshore 38You are here | — | $ 40,185 | 2 | 1 |