Cheoy Lee Offshore 38 Sailboats for Sale & Market Overview

Name: Cheoy Lee Offshore 38
Brand: Cheoy Lee

Ray Richards·1975·Cheoy Lee Shipyard

Approximate drawing

Hover a measurement to read its value

Hull type: Monohull · full
Rig: Masthead Sloop
LOA: 37.92' · 11.56 m
Displ.: 18,800 lbs · 8,528 kg
First year: 1975

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 Rhodesdesigned 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 skeghung rudder. This design choice aimed to balance the seaworthiness of a bluewater 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.

Specs & Review

Market snapshot

Median asking · 12 mo

$ 40,111

Ask, not sold · 2 listings

Recent listings · 90 d

2 tracked · 12 mo

3-month price trend

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Insufficient data

Countries with listings

Australia (50.0%) · Spain (50.0%)

Recent Listings

1 for sale · sampled 10 newest

Price & volume trends

Median asking price and monthly listing volume for the Cheoy Lee Offshore 38. The line reads as the median ask for each month; bars are raw monthly listing counts.

Monthly median ask · listings

2 months · 2 listings

Median ask (USD) Listings

Monthly breakdown · 2 rows

Month	Listings	Median ask	Δ vs. prior mo.
Jan 26	1	$ 42,987	—
Feb 26	1	$ 37,234	-13.4%

Where they're listed

Cheoy Lee Offshore 38 listings span 2 countries. Australia leads with 1 listings (50.0%), followed by Spain.

Median ask by country

USD · past 12 months

Share of listings

Count · past 12 months

Country breakdown

2 listings · 2 countries

Country	Median ask	Listings · 12 mo	Active · 90 d	Share
Australia	$ 42,987	1	0	50.0%
Spain	$ 37,234	1	0	50.0%

Comparable models

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

Peer cross-shop

11 designs · same segment

Model	LOA	Median ask	Listings · 12 mo	Active · 90 d
Bavaria Yachts Ocean 38	38.5'	$ 99,593	27	13
Hallberg-Rassy 38	37.96'	$ 78,761	26	12
Sigma 38	38.33'	$ 52,360	19	7
Downeast 38	38'	$ 43,750	14	4
Cheoy Lee Offshore 47	46.75'	$ 124,950	10	5
Laurent Giles 38	38.83'	$ 54,146	10	4
Ohlson 38	37.06'	$ 34,790	9	5
Camper & Nicholsons Nicholson 38	—	$ 46,657	8	4
Morgan 38	37.67'	$ 44,975	5	5
Endurance 38	37'	$ 87,267	5	3
Cheoy Lee Offshore 38You are here	—	$ 40,111	2	0

Frequently asked questions

01How 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 $40,111. Prices vary by condition, year, equipment, and location.

02How many Cheoy Lee Offshore 38 sailboats are for sale?+

2 have been tracked across the past 12 months.

03Where are Cheoy Lee Offshore 38 sailboats for sale?+

The top markets for used Cheoy Lee Offshore 38 listings over the past 12 months are Australia (50.0%), Spain (50.0%).

04What should I look at instead of a Cheoy Lee Offshore 38?+

Comparable models include Bavaria Yachts Ocean 38, Hallberg-Rassy 38, Sigma 38. See the peer cross-shop table above for pricing and availability.