Island Spirit 40 Sailboats for Sale & Market Overview

Make
Island Spirit
Model
40
Builder
Fortuna Catamarans (South Africa)
Designer
Phil Southwell
Number Built
Production Year(s)
2003 - 2005

The Island Spirit 40, designed by naval architect Phil Southwell and primarily manufactured by Fortuna Catamarans in South Africa, represents a successful synthesis of blue-water capability and liveaboard comfort. Launched in the late 1990s and reaching peak popularity in the early 2000s, this 40-foot multihull was a standout in an era when catamarans were beginning to dominate the cruising market. It was specifically engineered to handle the rigorous conditions of the South African coast, resulting in a vessel that prioritizes structural integrity and bridge deck clearance. The model gained significant international recognition when it was named Cruising World’s Boat of the Year in 2001, specifically winning the category for best cruising catamaran under 40 feet. The Island Spirit 40 is the larger sibling to the Island Spirit 37, utilizing a similar design philosophy but offering expanded waterline length for better pitch damping and increased interior volume. Later iterations, such as the Island Spirit 401, refined the transom and cockpit layout, though the foundational hull remained consistent throughout the production run.

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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

$212,250
Median Asking Price (past 12 months)
12
Listings Tracked (past 12 months)
7
New Listings (90 days)
+6.01%
3-Month Price Trend

Price & Volume Trends

Monthly breakdown
Monthly listing counts and median asking price for the Island Spirit 40
MonthListingsMedian Asking Price (USD)
Nov 20252$199,500
Dec 20251$199,500
Jan 20264$193,250
Feb 20261$225,000
Apr 20264$230,000

Median Price by Country

Listings by Country

Comparable Models to Island Spirit 40
ModelLOAMedian Price (USD)ListingsRecent
Robertson and Caine 40 (2005-2009)39.27' $345,93220385
Leopard Catamarans 42 / Moorings 4200 (2001-2004)41.4' $649,9007346
Island Packet 4040' $159,900338
Performance 4040.42' $123,5002112
Nautitech 4039.67' $259,1762012
Elan 4039.04' $94,163195
Island Spirit 40 $212,250127
Manta 4039.67' $219,900112
Island Spirit 3736.08' $137,00061
Leopard 40 (2015-2020)39.34' $372,00042
Island Spirit 40 Listings by Country
CountryMedian Price (USD)Listings (past 12 months)Recent (90d)
United States$199,50073
Panama$225,00044
Australia$249,82810

Frequently Asked Questions

How much does a used Island Spirit 40 cost?
The median asking price for a used Island Spirit 40 over the past 12 months is $212,250. Prices vary by condition, year, equipment, and location.
How many Island Spirit 40 sailboats are for sale?
We have tracked 12 Island Spirit 40 listings over the past 12 months, with 7 listed within the last 90 days.
Are Island Spirit 40 prices going up or down?
The median asking price for the Island Spirit 40 has increased by 6.01% over the last 3 months compared to the 12-month average.
Where is the cheapest place to buy a Island Spirit 40?
United States currently has the lowest median asking price at $199,500, while Australia is the most expensive at $249,828 — a 25% difference.
What are similar sailboats to the Island Spirit 40?
Comparable models include the Robertson and Caine 40 (2005-2009), Leopard Catamarans 42 / Moorings 4200 (2001-2004), Island Packet 40. See the comparison table above for pricing and availability.