Island Packet 38 Sailboats for Sale & Market Overview

Bob Johnson·1986 – 1993·~188 hulls·Island Packet Yachts
Island Packet 38 drawingBuilder drawing
Hull type
Monohull · full
Rig
Cutter
LOA
38' · 11.58 m
Displ.
21,500 lbs · 9,752 kg
First year
1986

The Island Packet 38, produced between 1986 and 1994, stands as a seminal model in the evolution of Bob Johnson’s Floridabased shipyard. Representing a significant step up in scale and offshore ambition from the earlier 31footers, the 38 was designed to meet the demands of a growing class of "liveaboard" cruisers who prioritized safety and tankage over racing prowess. With its distinctive creamcolored gelcoat and traditional lines, the IP 38 remains a staple of the secondary market, renowned for its "Full Foil Keel" and encapsulated ballast. During its eightyear production run, the shipyard completed approximately 176 hulls, solidifying it as one of the most successful midsized voyagers of its era before it was eventually succeeded by the Island Packet 380.

Market snapshot

Median asking · 12 mo
$ 102,000
Ask, not sold · 38 listings
Recent listings · 90 d
19
38 tracked · 12 mo
3-month price trend
+7.8%
vs. 12-mo median
Countries with listings
6
United States (72.2%) · Grenada (8.3%) · Antigua and Barbuda (5.6%)

Recent Listings

30 for sale · sampled 10 newest

Where they're listed

Island Packet 38 listings span 6 countries. United States leads with 26 listings (72.2%), followed by Grenada and Antigua and Barbuda.

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

Country breakdown

36 listings · 6 countries
CountryMedian askListings · 12 moActive · 90 dShare
United States$ 99,00026972.2%
Grenada$ 139,000338.3%
Antigua and Barbuda$ 115,000215.6%
Greece$ 125,656225.6%
Guatemala$ 98,500225.6%
Georgia$ 89,000102.8%

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
ModelLOAMedian askListings · 12 moActive · 90 d
Island Packet 38039.58'$ 169,0005830
Island Packet 370/37937.83'$ 199,0004821
Island Packet 4040'$ 159,0004116
Island Packet 38You are here$ 102,0003819
Island Packet 35034.67'$ 119,0003817
Island Packet 3235'$ 68,000367
Island Packet 3738.58'$ 119,9003120
Island Packet 4444'$ 149,500202
Island Packet 43947'$ 700,000179
Island Packet 2932'$ 58,0001510
Island Packet 3535.33'$ 77,150128

Frequently asked questions

01How much does a used Island Packet 38 cost?+
The median asking price for a used Island Packet 38 over the past 12 months is $102,000. Prices vary by condition, year, equipment, and location.
02How many Island Packet 38 sailboats are for sale?+
19 Island Packet 38 listings have gone live in the last 90 days, and 38 have been tracked across the past 12 months.
03Are Island Packet 38 prices going up or down?+
The median asking price for the Island Packet 38 has increased by 7.8% over the last 3 months compared to the 12-month median.
04Where are Island Packet 38 sailboats for sale?+
The top markets for used Island Packet 38 listings over the past 12 months are United States (72.2%), Grenada (8.3%), Antigua and Barbuda (5.6%).
05Do Island Packet 38 listings get price reductions?+
About 25% of Island Packet 38 listings have had a price reduction, with an average discount of 5.6% off the original ask. A listing that has been on the market more than 90 days without a reduction usually signals the seller isn't motivated.
06What should I look at instead of a Island Packet 38?+
Comparable models include Island Packet 380, Island Packet 370/379, Island Packet 40. See the peer cross-shop table above for pricing and availability.