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 "go-anywhere" offshore cruisers that prioritized safety, storage, and structural integrity over raw racing speed. As a quintessential cutter-rigged 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.
Island Packet 40 Sailboats for Sale & Market Overview
- Make
- Island Packet
- Model
- 40
- Builder
- Island Packet Yachts
- Designer
- Bob Johnson
- Number Built
- 139
- Production Year(s)
- 1994 - 2000
Below are the most recent Island Packet 40 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) |
|---|---|---|
| Mar 2025 | 4 | $128,000 |
| May 2025 | 1 | $164,900 |
| Jun 2025 | 4 | $177,400 |
| Jul 2025 | 2 | $169,500 |
| Aug 2025 | 1 | $169,900 |
| Sep 2025 | 12 | $143,250 |
| Oct 2025 | 1 | $249,000 |
| Dec 2025 | 1 | $179,900 |
| Jan 2026 | 3 | $119,900 |
| Mar 2026 | 4 | $174,900 |
| Apr 2026 | 4 | $162,000 |
Median Price by Country
Listings by Country
Price Reduction Insights
22.2% of listings have had price reductions
Average discount: 17.3% off original price
| Model | LOA | Median Price (USD) | Listings | Recent |
|---|---|---|---|---|
| Island Packet 370/379 | 37.83' | $199,500 | 46 | 22 |
| Island Packet 40 | $159,900 | 33 | 8 | |
| Island Packet 420 | 44.58' | $284,900 | 32 | 2 |
| Island Packet 32 | 35' | $67,000 | 31 | 7 |
| Island Packet 38 | 38' | $99,000 | 28 | 11 |
| Island Packet 440 | 45.75' | $367,000 | 26 | 9 |
| Island Packet 37 | 38.58' | $119,900 | 21 | 13 |
| Island Packet 44 | 44' | $159,000 | 18 | 2 |
| Island Packet 45 | 45.25' | $159,500 | 12 | 0 |
| 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 | $159,900 | 29 | 6 |
| Australia | $118,113 | 1 | 0 |
| Canada | $249,000 | 1 | 0 |
Frequently Asked Questions
- How much does a used Island Packet 40 cost?
- The median asking price for a used Island Packet 40 over the past 12 months is $159,900. Prices vary by condition, year, equipment, and location.
- How many Island Packet 40 sailboats are for sale?
- We have tracked 33 Island Packet 40 listings over the past 12 months, with 8 listed within the last 90 days.
- Are Island Packet 40 prices going up or down?
- The median asking price for the Island Packet 40 has increased by 3.19% over the last 3 months compared to the 12-month average.
- Where is the cheapest place to buy a Island Packet 40?
- Australia currently has the lowest median asking price at $118,113, while Canada is the most expensive at $249,000 — a 111% difference.
- Do Island Packet 40 listings get price reductions?
- About 22% of Island Packet 40 listings have had their price reduced, with an average discount of 17.3% off the original asking price.
- What are similar sailboats to the Island Packet 40?
- Comparable models include the Island Packet 370/379, Island Packet 420, Island Packet 32. See the comparison table above for pricing and availability.