Olson 40 Buyer's Guide
Shopping for a used Olson 40 means chasing a small slice of Santa Cruz ULDB heritage: just 30 were built between 1982 and 1986 by Pacific Boats Inc., and every example is a low-production racer-cruiser with a masthead sloop rig and a fin keel with spade rudder.
Layouts on the Used Market
The cabin follows a practical racer-cruiser plan, offering a bow V-berth, settees, galley, heads, and lockers for coastal or offshore sailing. Buyers should expect a boat configured for sailing first and accommodating second, with no extravagant salon volume. The 11-foot-3-inch beam and 36-foot waterline frame a cabin that is functional rather than expansive.
Equipment and Common Upgrades
Given the boat's race pedigree, the most consequential used-market upgrades cluster around sail handling and downwind propulsion. A 954-square-foot asymmetrical spinnaker or a 1,179-square-foot symmetric spinnaker is commonly part of the inventory for serious offshore or reaching work, and a 150-percent genoa extends light-air capability beyond the standard 373-square-foot jib. Rig refinements such as mast-position adjustments for balance appeared during the production run, so buyers should confirm which sailplan variant a specific hull carries.
What to Inspect
A tendency to ship water in heavy conditions comes from low freeboard and an open transom-like feel anchor. On any candidate, inspect deck margins, cockpit coamings, and any transom structure for signs of repeated water ingress or related softening, since the design's wet character is inherent rather than a defect of a single hull.
Availability and Buyer's Takeaway
With only 30 hulls ever constructed, the Olson 40 is an infrequent find in any market. When one appears, weigh these points:
- Verify the sailplan variant and included downwind sails (asymmetrical or symmetric spinnaker, genoa size)
- Inspect for water ingress paths tied to low freeboard and open transom-like design
- Confirm rig and keel-rudder integrity consistent with a 1980s ULDB racer-cruiser
- Budget for a practical racer-cruiser interior rather than a volume cruiser layout
Price & volume trends
Monthly asking-price and listing-volume trends for the Olson 40. The line shows the median ask each month; the bars show how many listings appeared.
Monthly breakdown · 1 row
| Month | Listings | Median ask | Δ vs. last mo. |
|---|---|---|---|
| Jun 25 | 1 | $30,000 | — |
Comparable models
Similar length, displacement, and era. Open a row to compare that model's market page.
Similar boats to compare
4 similar designs| Model | LOA | Median ask | Listings · 12 mo | Active · 90 d |
|---|---|---|---|---|
| Ohlson 38 | 37.06' | $ 53,113 | 16 | 5 |
| Islander 40 | 39.54' | $ 28,750 | 14 | 6 |
| J/BOATS J/40 | 40' | $ 69,000 | 13 | 8 |
| North End 40 | 39.83' | $ 29,000 | 7 | 0 |
