The Morgan Out Island 51 represents the zenith of Charles Morgan’s "volume-first" design philosophy, serving as the flagship of a series that revolutionized the Caribbean charter industry and the American liveaboard market. Introduced in the early 1970s, the Out Island 51 was a bold expansion of the successful 41-foot predecessor, offering a massive footprint that prioritized interior square footage and deck space over racing prowess. This vessel was engineered specifically for the trade winds, featuring a heavy displacement hull, a shallow draft for Bahamas cruising, and a versatile ketch rig. While it never claimed to be a nimble performance yacht, its role as a "floating condo" made it the premier choice for the burgeoning charter trade, most notably becoming the backbone of The Moorings early flagship fleet in the British Virgin Islands.
Morgan Out Island 51 Sailboats for Sale & Market Overview
- Make
- Morgan
- Model
- Out Island 51
- Builder
- Morgan Yachts
- Designer
- Jack Cory/Charles Morgan
- Number Built
- Production Year(s)
- 1974 - 1981
Below are the most recent Morgan Out Island 51 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) |
|---|---|---|
| Feb 2026 | 2 | $74,900 |
| Model | LOA | Median Price (USD) | Listings | Recent |
|---|---|---|---|---|
| Morgan Yachts 461/462 | 46.5' | $85,000 | 32 | 13 |
| Morgan Out Island 41 | 41.25' | $44,250 | 20 | 5 |
| Formosa 51 | 50.83' | $121,349 | 20 | 7 |
| Morgan Out Island 41 Classic | 41.25' | $79,000 | 11 | 0 |
| Morgan 34 | 34' | $40,000 | 11 | 1 |
| Morgan 32 | 31.92' | $24,950 | 8 | 3 |
| Morgan Out Island 416 | 41.25' | $39,900 | 7 | 3 |
| Morgan Out Island 41 Ketch | 41.25' | $29,500 | 6 | 4 |
| Morgan Yachts Morgan 44 | 44' | $89,000 | 6 | 3 |
| Morgan Out Island 51 | $74,900 | 2 | 2 | |
| Morgan Out Island 33 MS | 33' | $24,900 | 2 | 0 |
| Country | Median Price (USD) | Listings (past 12 months) | Recent (90d) |
|---|---|---|---|
| United States | $74,900 | 2 | 2 |
Frequently Asked Questions
- How much does a used Morgan Out Island 51 cost?
- The median asking price for a used Morgan Out Island 51 over the past 12 months is $74,900. Prices vary by condition, year, equipment, and location.
- How many Morgan Out Island 51 sailboats are for sale?
- We have tracked 2 Morgan Out Island 51 listings over the past 12 months, with 2 listed within the last 90 days.
- Are Morgan Out Island 51 prices going up or down?
- The median asking price for the Morgan Out Island 51 has remained stable over the last 3 months compared to the 12-month average.
- What are similar sailboats to the Morgan Out Island 51?
- Comparable models include the Morgan Yachts 461/462, Morgan Out Island 41, Formosa 51. See the comparison table above for pricing and availability.