Formosa 46 Sailboats for Sale

Doug Peterson (unauthorized)·1978·Formosa Boat Building Co. Ltd.
Formosa 46 drawingBuilder drawing
Hull Type
Monohull · fin
Rig
Cutter
LOA
45' · 13.72 m
Disp.
33,000 lbs · 14,969 kg
First year
1978

The Formosa 46 — known in some circles as the Cheaterson — is a 45foot fiberglass sloop designed by American maritime architect Douglas Blair Peterson in the late seventies and built by the Taiwanese yard Formosa Boat Building Co. Ltd. A finkeel monohull of substantial displacement, she occupies an unusual niche: a heavy, moderatedisplacement cruiser with performance ratios that place her closer to a club racer than a traditional Taiwan trawleryacht, yet with the beam and ballast of a serious offshore vessel.

Market snapshot

Median asking · 12 mo
$69,900
Asking price · 10 listings
Recent listings · 90 d
5
10 tracked · 12 mo
3-month price trend
0.0%
vs. 12-mo median
Countries with listings
4
Mexico (50.0%) · United States (25.0%) · Dominican Republic (12.5%)

Recent Listings

11 for sale · showing 10 newest

Formosa 46 Buyer's Guide

Shopping the brokerage market for a used Formosa 46 means looking at a 45-foot Taiwanese-built Peterson design from the late seventies, a fin-keel fiberglass cruiser with a documented draft of 6.46 to 6.76 feet that limits her to deeper marinas. She is a heavy-displacement hull with a 30-percent ballast ratio and a three-piece hull-deck-cabin joint, and buyers will find her across several cruising regions rather than concentrated in one home port.

Layouts on the Used Market

The Formosa 46 was built with a separate hull, deck, and cabin house joined as a three-piece unit, and the deck carries the marque's fiberglass-and-plywood sandwich with teak planking. Below the waterline the hull is solid fiberglass with no core. The 12.92-foot beam on a 45-foot length gives a roomy mid-size cruiser footprint. What is consistent across surviving boats is the fin keel and the substantial wetted surface of about 570 square feet.

Equipment and Common Upgrades

On the used market, the Formosa 46 commonly carries an inverter, heating, radar, chartplotter, solar, hardtop, dinghy davits, autopilot, and life raft as standard brokerage equipment. Often-seen additions include air conditioning, hot water, a dodger, and a swim platform. For buyer consequence, the power-and-energy cluster — inverter, solar, and sometimes lithium batteries as an owner upgrade — determines whether the boat supports off-grid living without a generator rebuild. Navigation and safety commonly pair radar and chartplotter with autopilot and life raft, while the hardtop and davits point to a dinghy-dependent cruising style. A furling main or gennaker appears as a less common owner upgrade rather than a factory fit.

What to Inspect

The construction uses a three-piece joint bonding hull, deck, and cabin house the Formosa 46 sailboats were constructed using a three-piece joint system that bonded a separate hull, deck, and cabin house; inspect that seam line for separation or teak-deck leakage at the fasteners, since the deck is a sandwich overlaid with teak. The hull below the waterline is solid fiberglass, so core rot is not a below-water concern, but the draft of 6.46–6.76 feet means the boat can only enter major marinas as the draft is about 1.97 - 2.07 meter (6.46 - 6.76 ft) dependent on the load — confirm the keel-hull joint and any previous grounding damage. With an immersion rate of 1,782 pounds per inch, check for overloading signs in the bilge and structural members.

Availability and Buyer's Takeaway

These boats are found in the United States, Mexico, Greece, the Dominican Republic, and Malaysia. For a shopper, the checklist is short: confirm the three-piece joint integrity, verify keel attachment given the draft, assess solar and inverter capacity for your cruising plan, and budget for teak-deck maintenance. The Formosa 46 rewards a buyer who wants a Peterson-designed hull with cruiser-scale beam and a documented offshore stability profile.

Where they're listed

Formosa 46 listings appear across 4 countries. Mexico has the most listings with 4 (50.0%), followed by United States and Dominican Republic.

Median ask by country
USD
Share of listings
Count · past 12 months

Country view

8 listings · 4 countries
CountryMedian askListings · 12 moActive · 90 dShare
Mexico$64,4504050.0%
United States$54,9502225.0%
Dominican Republic$175,0001112.5%
Greece$104,8801012.5%

Comparable models

Similar length, displacement, and era. Open a row to compare that model's market page.

Similar boats to compare

3 similar designs
ModelLOAMedian askListings · 12 moActive · 90 d
Peterson 46You are here$ 69,900105
Oyster Yachts 4646'$ 543,87471
Moody 4646.13'$ 263,08962

Frequently asked questions

01How much does a used Formosa 46 cost?+
The median asking price for a used Formosa 46 over the past 12 months is $69,900. Prices vary by condition, year, equipment, and location.
02How many Formosa 46 sailboats are for sale?+
5 Formosa 46 listings have gone live in the last 90 days, and 10 have been tracked across the past 12 months.
03Are Formosa 46 prices going up or down?+
The median asking price for the Formosa 46 has stayed steady over the last 3 months compared with the 12-month median.
04Where are Formosa 46 sailboats for sale?+
The top markets for used Formosa 46 listings over the past 12 months are Mexico (50.0%), United States (25.0%), Dominican Republic (12.5%).
05What should I look at instead of a Formosa 46?+
Comparable models include Oyster Yachts 46, Moody 46. Use the comparison table above to check pricing and availability.