Island Packet 40 Sailboats for Sale & Market Overview

Bob Johnson·1994 – 2000·~139 hulls·Island Packet Yachts
Island Packet 40 drawingBuilder drawing
Hull type
Monohull · full
Rig
Cutter
LOA
40' · 12.19 m
Displ.
22,800 lbs · 10,342 kg
First year
1994

The Island Packet 40, introduced in 1993, arrived as a refined evolution of Bob Johnson’s design philosophy, effectively replacing the successful Island Packet 38. During its production run through the late 1990s, it solidified the builder's reputation for creating "goanywhere" offshore cruisers that prioritized safety, storage, and structural integrity over raw racing speed. As a quintessential cutterrigged cruiser, the 40 was designed to bridge the gap between the smaller coastal models and the larger, more complex transoceanic yachts. It famously earned the Cruising World "Boat of the Year" award in 1994, recognized for its blend of traditional seakindliness and modern manufacturing standards.

Market snapshot

Median asking · 12 mo
$ 159,000
Ask, not sold · 41 listings
Recent listings · 90 d
16
41 tracked · 12 mo
3-month price trend
+1.7%
vs. 12-mo median
Countries with listings
3
United States (94.9%) · Australia (2.6%) · Canada (2.6%)

Recent Listings

26 for sale · sampled 10 newest

Where they're listed

Island Packet 40 listings span 3 countries. United States leads with 37 listings (94.9%), followed by Australia and Canada.

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

Country breakdown

39 listings · 3 countries
CountryMedian askListings · 12 moActive · 90 dShare
United States$ 159,900371494.9%
Australia$ 118,215102.6%
Canada$ 249,000102.6%

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 370/37937.83'$ 199,0004821
Island Packet 40You are here$ 159,0004116
Island Packet 3838'$ 102,0003819
Island Packet 3235'$ 68,000367
Island Packet 42044.58'$ 284,900321
Island Packet 3738.58'$ 119,9003120
Island Packet 44045.75'$ 367,000296
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 40 cost?+
The median asking price for a used Island Packet 40 over the past 12 months is $159,000. Prices vary by condition, year, equipment, and location.
02How many Island Packet 40 sailboats are for sale?+
16 Island Packet 40 listings have gone live in the last 90 days, and 41 have been tracked across the past 12 months.
03Are Island Packet 40 prices going up or down?+
The median asking price for the Island Packet 40 has increased by 1.7% over the last 3 months compared to the 12-month median.
04Where are Island Packet 40 sailboats for sale?+
The top markets for used Island Packet 40 listings over the past 12 months are United States (94.9%), Australia (2.6%), Canada (2.6%).
05Do Island Packet 40 listings get price reductions?+
About 24% of Island Packet 40 listings have had a price reduction, with an average discount of 17.3% off the original ask. A listing that has been on the market more than 90 days without a reduction usually signals the seller is not motivated.
06What should I look at instead of a Island Packet 40?+
Comparable models include Island Packet 370/379, Island Packet 38, Island Packet 32. See the peer cross-shop table above for pricing and availability.