Islander 40 Sailboats for Sale

Doug Peterson·1979·Islander / Tradewind Yachts
Islander 40 drawingBuilder drawing
Hull Type
Monohull · fin
Rig
Masthead Sloop
LOA
39.54' · 12.05 m
Disp.
17,000 lbs · 7,711 kg
First year
1979

The Islander 40 occupies a rare and deliberate position in late1970s American yacht design: a boat conceived by one of the era's most gifted racing minds yet built to go offshore with a full crew in genuine comfort. Doug Peterson, whose name was then synonymous with IORera thoroughbreds, gave the Islander 40 a fine entry, a raked stem, and a raised reverse transom that read unmistakably competitive — yet the hull was fleshed out with cruising appointments that would not embarrass a bluewater passage maker. Only around 57 to 70 hulls were ever completed, which makes the Islander 40 one of the more soughtafter and underappreciated designs of its generation.

Market snapshot

Median asking · 12 mo
$ 32,500
Asking price · 15 listings
Recent listings · 90 d
10
15 tracked · 12 mo
3-month price trend
+3.8%
vs. 12-mo median
Countries with listings
2
United States (92.3%) · Netherlands (7.7%)

Recent Listings

14 for sale · showing 10 newest

Islander 40 Buyer's Guide

The Islander 40 is a rare find on the brokerage market — Doug Peterson's 1979 racer-cruiser design was produced in limited numbers, and that scarcity is the first thing a buyer must accept: you are shopping for a specific, passionate-owner boat rather than a commodity, which means deals move slowly and condition varies enormously from hull to hull. What you get in return is a genuine offshore performer with a pedigree — a deep fin keel, spade rudder, and a masthead sloop rig tuned for both windward work and passage-making, wrapped in a Divinycell-cored deck that holds up better than solid fiberglass if the core remains dry. Peterson gave the boat a healthy ballast-to-displacement ratio and generous sail area, and the result is a boat that feels alive in a breeze without being nervous at anchor. For the right buyer — patient, mechanically inclined, and comfortable with a thin parts and knowledge network — the Islander 40 punches well above its market position.

Layouts on the Used Market

The standard interior accommodates six in a configuration that has aged gracefully: a V-berth forward cabin with reasonable privacy, a dedicated head with shower just aft of it on the port side, two settee berths in the main saloon with a port-side pilot berth above, a starboard navigation station opposite the companionway, and an aft quarter berth tucked under the cockpit. The galley sits at the foot of the companion ladder on the port side and is fitted from the factory with a three-burner propane stove and oven — a meaningful amenity for offshore use. Because production numbers were so small, virtually all boats on the used market present this same layout; meaningful factory variations are limited to the keel configuration, where a shoal-draft option drawing roughly five feet was offered alongside the standard deep-keel version. Shoal-draft boats were typically paired with a shorter rig, a trade-off worth understanding before purchase if you intend to race or sail in deeper offshore waters.

Equipment and Common Upgrades

Boats encountered on the used market typically reflect the tastes of committed cruising owners who have lived aboard or made extended passages. Autopilots, radar, and spinnaker gear are commonly fitted, reflecting the design's dual racing-cruising identity. Inverters are a frequent addition, as the original electrical systems were modest by current standards, and heating systems appear regularly on boats that have spent time in higher-latitude cruising grounds.

Solar panels, chartplotters, AIS transponders, hot-water systems, and dinghy davits show up frequently and are often well integrated rather than jury-rigged — a sign of boats that have been thoughtfully managed over the years. A life raft in current certification is commonly listed as equipment, though always verify the service date.

At the higher end of the upgrade spectrum, some owners have made more substantial investments: lithium battery banks, bow thrusters, asymmetric spinnaker gear, cockpit showers, and swim platforms occasionally appear. Air conditioning has been fitted on a smaller number of hulls, typically those that spend significant time in warmer harbors. These upgrades add convenience but also add complexity to a boat already carrying a somewhat unusual engine — factor in the additional systems maintenance when evaluating any heavily upgraded example.

What to Inspect

The Divinycell foam-cored deck is one of the Islander 40's defining construction features and one of its primary inspection targets. Core moisture intrusion is the chronic concern on any cored-deck boat of this era: tap the deck methodically from bow to stern, paying particular attention around chainplates, stanchion bases, winch pads, and any fitting that penetrates the deck surface. Soft or thudding areas indicate moisture in the core and should be quantified before any offer is made.

The spade rudder deserves careful attention. Internally mounted spade rudders on boats of this generation can develop bearing wear, and the rudder stock itself should be inspected for corrosion at the hull penetration. Any sloppiness in the helm at rest or a rudder that moves without corresponding helm input is worth investigating further.

The Volkswagen Pathfinder diesel is a non-standard engine in the sense that it is no longer widely supported; parts availability has narrowed over the decades. Compression tests, oil analysis, and a full review of service records are essential. Many owners have repowered with modern Yanmar or Volvo units, and a clean repower with documentation is often preferable to an original engine of uncertain history. Evaluate fuel tank condition — the original thirty-five-gallon tank may have corroded.

The aluminum spars and standing rigging should be inspected at the masthead for corrosion at the sheave boxes and around any swaged fittings. The rig is masthead, meaning the forestay runs to the top of the mast and loads all standing rigging heavily in a breeze; rod or wire that cannot be dated should be replaced as a matter of course.

Oiled teak trim, another factory feature, requires consistent maintenance to remain sound. Teak that has been neglected and left to dry can split or allow water ingress into the underlying fiberglass. Check all teak-covered surfaces carefully.

Availability and Buyer's Takeaway

The Islander 40 surfaces most often in the United States, where the design originated and where the majority of hulls have spent their lives. The Pacific Coast, Gulf of Mexico, and East Coast all produce occasional listings. Some boats have crossed to European waters over the years, with the Netherlands appearing as a secondary market. Mexican waters, particularly on the Pacific side, occasionally host examples as well.

Because the fleet is small, patience is the core strategy: the right hull at the right condition level may not be available immediately. Joining relevant Islander owners' communities and being known as a serious buyer often matters more than watching listing sites.

Before making an offer, confirm:

  • Deck core condition throughout, verified by sounding and ideally moisture meter
  • Keel configuration — standard deep draft or shoal option — and suitability for your intended sailing area
  • Engine identity, service history, and parts availability; note whether a repower has been done and verify its quality
  • Standing rigging age and condition, with masthead inspection by a rigger
  • Rudder bearing play and stock condition at the hull penetration
  • Integrity of all deck fittings and teak trim for moisture intrusion
  • Life raft service currency
  • Electrical system condition and whether added systems (solar, lithium, inverter) are properly integrated
  • Full documentation: survey, title, and any offshore passage logs that confirm the boat's actual history

Where they're listed

Islander 40 listings appear across 2 countries. United States has the most listings with 12 (92.3%), followed by Netherlands.

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

Country view

13 listings · 2 countries
CountryMedian askListings · 12 moActive · 90 dShare
United States$ 24,99912992.3%
Netherlands$ 171,230117.7%

Comparable models

Similar length, displacement, and era. Open a row to compare that model's market page.

Similar boats to compare

6 similar designs
ModelLOAMedian askListings · 12 moActive · 90 d
Island Packet 4040'$ 159,0004411
Islander 3636.08'$ 29,500328
Elan 4039.04'$ 88,144303
J/BOATS J/4040'$ 68,750167
Island Spirit 4039.66'$ 204,206164
Islander 40You are here$ 32,5001510

Frequently asked questions

01How much does a used Islander 40 cost?+
The median asking price for a used Islander 40 over the past 12 months is $32,500. Prices vary by condition, year, equipment, and location.
02How many Islander 40 sailboats are for sale?+
10 Islander 40 listings have gone live in the last 90 days, and 15 have been tracked across the past 12 months.
03Are Islander 40 prices going up or down?+
The median asking price for the Islander 40 is up 3.8% over the last 3 months compared with the 12-month median.
04Where are Islander 40 sailboats for sale?+
The top markets for used Islander 40 listings over the past 12 months are United States (92.3%), Netherlands (7.7%).
05What should I look at instead of a Islander 40?+
Comparable models include Island Packet 40, Islander 36, Elan 40. Use the comparison table above to check pricing and availability.