Pegasus 700 Information, Review, Specs

Sailing Performance & Handling

The sailing characteristics of the Pegasus 700 are defined by its relatively high ballast ratio and a hull shape that prioritizes stiffness. With a Displacement/Length ratio typically falling into the "moderate" category, the boat avoids the skittishness of light-displacement racers while remaining responsive in light airs. According to technical archives maintained by the Pegasus Yacht Owners Association, the boat is notably well-balanced; many owners report that it can be sailed "hands-off" once the sails are trimmed, a testament to Harris’s naval architecture.

Under sail, the masthead sloop rig provides a versatile sail plan. In heavier conditions, the Pegasus 700 is known for its sea-kindliness; it doesn't slam into head seas as aggressively as flatter-bottomed designs. The fin-keel version is naturally the most weatherly, offering superior tracking and tacking angles. However, even the bilge-keel variant—often criticized in other models for lack of lift—performs admirably due to the hydrodynamically efficient shape of the twin keels. The boat’s handling is frequently described as "forgiving," making it an ideal platform for those transitioning from dinghies to cruisers.

Interior Comfort & Variations

Despite its 23-foot frame, the interior of the Pegasus 700 is intelligently mapped to maximize usable space. The layout typically features four berths: a double V-berth in the forward cabin and two single settee berths in the main saloon. A notable design choice by Harris was the inclusion of a "slide-out" galley or a compact fixed module, which allowed for a surprisingly open feel during the day. Headroom is generous for a boat of this size, though sailors over six feet will find themselves stooping.

Materials used by Rydgeway Marine were standard for the era, utilizing substantial teak trim and molded GRP liners that provided both structural rigidity and ease of cleaning. Variations in the interior are common, as the boat evolved over its production life. Earlier models might feature simpler cabinetry, while later "New Style" versions often included improved upholstery and refined storage lockers. The Pegasus 700 shared its build philosophy with its larger siblings, most notably the Pegasus 800, which expanded on this layout with a dedicated heads compartment and standing headroom. Other siblings in the lineage include the Pegasus 35, a much larger cruiser, and the Pegasus 900, which served as a more modern, performance-slanted successor to the 800.

Popular Mentions & Media

While the Pegasus 700 has not been the subject of a major cinematic production, its cultural footprint is deeply embedded in the UK’s club racing and cruising scene. It has been a frequent subject of "Used Boat Tests" in prominent British maritime journals. For instance, Practical Boat Owner has historically highlighted the 700 as a premier entry-level cruiser for those moving up from dayboats. The model also maintains a strong presence in regional sailing media across the Norfolk Broads, where it remains a staple of the local cruising fleet.

Known Issues & Buyer’s Checklist

When inspecting a Pegasus 700, there are several era-specific technical areas to monitor.

1. The "Suffolk Smile": Like many GRP boats of this vintage, some examples may exhibit minor osmosis, though the hulls are generally considered thick and robust.
2. Lifting Keel Mechanism: On lifting-keel variants, the pivot pin and the lifting wire are critical failure points. Prospective buyers should check for play in the keel trunk and ensure the winding mechanism operates smoothly without excessive "clunking."
3. Deck Core Integrity: While the decks are mostly solid GRP, areas around the chainplates and stanchion bases can suffer from moisture ingress if the sealant has failed over the decades.
4. Rudder Bearings: The transom-hung or spade rudders (depending on the specific sub-model) can develop play in the bushings, leading to a vibrating or "loose" feel at the helm.
5. Window Leaks: The original plexiglass windows were often held in by rubber gaskets which perish over time, leading to leaks that can damage the interior woodwork.

Community & Resources

The primary hub for technical support and social gathering is the Pegasus Yacht Owners Association. This organization provides a wealth of historical data, including original brochures and rigging guides, and organizes rallies that keep the class spirit alive. Their technical wiki is the definitive source for DIY repairs and modifications specific to the Harris-designed hulls.

The Verdict

The Pegasus 700 remains a standout choice for the budget-conscious sailor who refuses to sacrifice performance for price. It is a sturdy, well-engineered vessel that punches well above its weight class in coastal waters.

Pros:

• Excellent stability and predictable handling across all three keel types.
• Efficient interior layout that makes weekend cruising viable for a small family.
• Strong class association providing long-term support and parts advice.
• High-quality GRP construction that has aged better than many contemporary mass-produced boats.

Cons:

• Limited headroom for taller sailors.
• The lifting keel mechanism requires diligent maintenance to avoid seized components.
• Original inboard engines (if fitted) may be nearing the end of their service life and are often replaced by outboards.