The Island Packet 38, produced between 1986 and 1994, stands as a seminal model in the evolution of Bob Johnson’s Florida-based shipyard. Representing a significant step up in scale and offshore ambition from the earlier 31-footers, 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 cream-colored 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 eight-year production run, the shipyard completed approximately 176 hulls, solidifying it as one of the most successful mid-sized voyagers of its era before it was eventually succeeded by the Island Packet 380.
Island Packet 38 Sailboats for Sale & Market Overview
- Make
- Island Packet
- Model
- 38
- Builder
- Island Packet Yachts
- Designer
- Bob Johnson
- Number Built
- 188
- Production Year(s)
- 1986 - 1993
Below are the most recent Island Packet 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 2025 | 1 | $75,000 |
| Feb 2025 | 1 | $95,000 |
| Mar 2025 | 1 | $99,900 |
| May 2025 | 1 | $157,000 |
| Jun 2025 | 3 | $58,500 |
| Jul 2025 | 1 | $145,000 |
| Sep 2025 | 5 | $79,900 |
| Nov 2025 | 1 | $58,500 |
| Dec 2025 | 3 | $89,000 |
| Jan 2026 | 6 | $120,000 |
| Mar 2026 | 6 | $109,900 |
| Apr 2026 | 2 | $118,750 |
Median Price by Country
Listings by Country
Price Reduction Insights
11.1% of listings have had price reductions
Average discount: 2.2% off original price
| Model | LOA | Median Price (USD) | Listings | Recent |
|---|---|---|---|---|
| Island Packet 370/379 | 37.83' | $199,500 | 46 | 22 |
| Island Packet 380 | 39.58' | $169,000 | 45 | 19 |
| Island Packet 40 | 40' | $159,900 | 33 | 8 |
| Island Packet 420 | 44.58' | $284,900 | 32 | 2 |
| Island Packet 32 | 35' | $67,000 | 31 | 7 |
| Island Packet 350 | 34.67' | $119,750 | 30 | 9 |
| Island Packet 38 | $99,000 | 28 | 11 | |
| Island Packet 37 | 38.58' | $119,900 | 21 | 13 |
| Island Packet 44 | 44' | $159,000 | 18 | 2 |
| Island Packet 439 | 47' | $749,000 | 11 | 4 |
| Island Packet 29 | 32' | $58,000 | 7 | 1 |
| Country | Median Price (USD) | Listings (past 12 months) | Recent (90d) |
|---|---|---|---|
| United States | $99,000 | 23 | 7 |
| Grenada | $139,000 | 2 | 2 |
| Antigua and Barbuda | $130,000 | 1 | 1 |
| Georgia | $89,000 | 1 | 0 |
| Guatemala | $98,500 | 1 | 1 |
Frequently Asked Questions
- How much does a used Island Packet 38 cost?
- The median asking price for a used Island Packet 38 over the past 12 months is $99,000. Prices vary by condition, year, equipment, and location.
- How many Island Packet 38 sailboats are for sale?
- We have tracked 28 Island Packet 38 listings over the past 12 months, with 11 listed within the last 90 days.
- Are Island Packet 38 prices going up or down?
- The median asking price for the Island Packet 38 has increased by 11.01% over the last 3 months compared to the 12-month average.
- Where is the cheapest place to buy a Island Packet 38?
- Georgia currently has the lowest median asking price at $89,000, while Grenada is the most expensive at $139,000 — a 56% difference.
- Do Island Packet 38 listings get price reductions?
- About 11% of Island Packet 38 listings have had their price reduced, with an average discount of 2.2% off the original asking price.
- What are similar sailboats to the Island Packet 38?
- Comparable models include the Island Packet 370/379, Island Packet 380, Island Packet 40. See the comparison table above for pricing and availability.