Morgan 461/462 Buyer's Guide
Shopping the brokerage market for a Morgan 461 or 462 means weighing two related but distinct layouts built from the same hull that Thor Industries and later the charter reconfiguration produced. The 462, a ketch, is the more commonly encountered version, while the 461 sloop appears as well. Both share the solid-laminate hull and long-distance cruiser deck plan, but the used fleet splits on interior arrangement and equipment history.
Layouts on the Used Market
Owner three-cabin layouts are the more common on the used market, but both are available; ex-charter examples are common. The 461 carried a third stateroom with railroad berths in the passageway and a V-berth forward, whereas the 462 adopted a two-stateroom arrangement and turned that passageway into a workshop with a table-height bench and generous tool storage. The saloon typically shows an L-shaped 7-foot dinette to starboard and a convertible port settee, with a forward head serving both saloon and forward cabin. The aft owner’s quarters sit beneath a hatch or through the workshop, paired with a private head. A lowered doghouse on the 461 left 6 foot 8 inches of headroom.
Equipment and Common Upgrades
Autopilot, chartplotter, radar, solar, bimini, and dinghy davits are commonly fitted, reflecting the boat’s bluewater intent. Often-seen additions include a dodger, inverter, and rigging carried over from circumnavigation use. For buyer consequence, focus on the power and energy cluster—solar and inverter paired with the factory Perkins 4-154—and the canvas and sail-handling cluster, where bimini and dodger matter more than a seldom-seen furling main. A cockpit shower and hot water show up as less common owner upgrades; air conditioning and lithium batteries are occasional retrofits rather than standard.
What to Inspect
The mizzen mast foot sits in the aft head sole, so water there can wick into the support and collapse the step—check that compartment for stains or softness. Early 461s with Scotch Yoke steering should have been converted to Hynautic; confirm the retrofit. One owner measured only 155 gallons in the tank the builder advertised at 175, so verify fuel capacity against use. No serious blistering was reported among surveyed owners.
Availability and Buyer's Takeaway
These yachts typically appear in the United States, the British Virgin Islands, Panama, Spain, the Cayman Islands, and Mexico. Check the MRY 461/462 hull number, confirm the steering retrofit, and examine the aft head for moisture before committing.
- Verify MRY 461/462 identification numbers
- Confirm Hynautic steering on early 461s
- Inspect aft head and mizzen step for water damage
- Test documented fuel capacity against tank label
Price & volume trends
Monthly asking-price and listing-volume trends for the Morgan 461/462. The line shows the median ask each month; the bars show how many listings appeared.
Monthly breakdown · 11 rows
| Month | Listings | Median ask | Δ vs. last mo. |
|---|---|---|---|
| Mar 25 | 1 | $100,000 | — |
| May 25 | 1 | $99,800 | -0.2% |
| Jun 25 | 2 | $74,900 | -24.9% |
| Sep 25 | 5 | $87,500 | +16.8% |
| Oct 25 | 2 | $74,900 | -14.4% |
| Nov 25 | 4 | $49,500 | -33.9% |
| Jan 26 | 2 | $74,750 | +51.0% |
| Mar 26 | 5 | $110,728 | +48.1% |
| Apr 26 | 16 | $49,900 | -54.9% |
| May 26 | 2 | $82,400 | +65.1% |
| Aug 26 | 6 | $64,700 | -21.5% |
Where they're listed
Morgan 461/462 listings appear across 5 countries. United States has the most listings with 24 (61.5%), followed by British Virgin Islands and Spain.
Country view
39 listings · 5 countries| Country | Median ask | Listings · 12 mo | Active · 90 d | Share |
|---|---|---|---|---|
| United States | $74,900 | 24 | 5 | 61.5% |
| British Virgin Islands | $68,500 | 8 | 0 | 20.5% |
| Spain | $110,728 | 3 | 0 | 7.7% |
| Panama | $69,900 | 3 | 1 | 7.7% |
| Cayman Islands | $49,500 | 1 | 0 | 2.6% |
Comparable models
Similar length, displacement, and era. Open a row to compare that model's market page.
Similar boats to compare
11 similar designs| Model | LOA | Median ask | Listings · 12 mo | Active · 90 d |
|---|---|---|---|---|
| Beneteau Oceanis 461 | 46.59' | $ 110,426 | 67 | 17 |
| Morgan Yachts 461/462You are here | — | $ 74,900 | 42 | 6 |
| Morgan Yachts Morgan 44 | 44' | $ 95,000 | 23 | 1 |
| Beneteau 461 | 46.59' | $ 119,000 | 20 | 2 |
| Morgan 40 Cruising Ketch | 40.16' | $ 26,000 | 11 | 2 |
| Catalina Morgan 45 | 45.25' | $ 40,000 | 11 | 9 |
| Morgan Out Island 51 | 51.5' | $ 106,618 | 10 | 4 |
| Morgan Yachts 452 | 45' | $ 39,900 | 9 | 0 |
| Moody 46 | 46.13' | $ 263,089 | 6 | 2 |
| Cheoy Lee Offshore 47 | 46.75' | $ 136,975 | 6 | 1 |
| Oyster Yachts 46 | 46' | $ 603,652 | 6 | 1 |