Pegasus 700 Buyer's Guide
The Pegasus 700 is a 23-foot pocket cruiser designed by Gordon V. Harris and built by Rydgeway Marine and later Pegasus Yachts at Oulton Broad, with early hulls built from 1977 to the early 1990s by Rydgeway Marine. On the used market it is valued as a beginner-friendly family sailboat that works as a daysailer, inland cruiser, coastal cruiser, and club racer. Its small size, shallow draft, and roomy cabin make it a common first boat for owners who want something easy to handle and inexpensive to keep.
Layouts on the Used Market
Most used Pegasus 700s are fitted with twin bilge keels, but you will also meet deep fin keel boats, shallower wing keel versions, and lifting keel or centreplate models. The keel choice drives where the boat can go: bilge and wing keels suit drying moorings and shallow inland routes, while a deep fin favours coastal stability. Rig variety matters too. The masthead version has a deck-stepped mast set well aft with a large furling genoa and a short-boom high-aspect mainsail; the later fractional version steps the mast forward with a longer boom; a Gunter-rig option also exists with the mast further forward and a long-boom mainsail. Cabin layouts share the same roomy, basic-finish interior with about six-foot headroom, so the bigger variable for a buyer is keel and rig rather than accommodation.
Equipment and Common Upgrades
The 700's inventory is straightforward, and the items that matter at survey are propulsion and sail handling. Standard power is a 6–8 HP outboard or a Volvo inboard, with the outboard mounted in a well with full remote controls and noted as reliable and economical. A comprehensive sail set is typical, giving good performance, and the mast is raised with an "A" frame. Buyers should treat generators, watermakers, and elaborate navigation suites as less common owner additions rather than expected equipment, and judge each on its own condition.
What to Inspect
Engineers report few problems with this boat, but age and upkeep govern what you will face. The class may require upgrades depending on age and upkeep, so inspect sails, spars, and both standing and running rigging for worn or deferred seasonal servicing. If the hull has seen saltwater, check the anti-fouling and hull care, and look over the interior for the basic finishes holding up. Some owners cite the wing-keel inboard-diesel model as a configuration to look for when browsing.
Availability and Buyer's Takeaway
Used Pegasus 700s are typically found in the United Kingdom and Croatia. For a shopper, the short list is: confirm keel type against your cruising ground, verify rig and sail inventory including the "A" frame mast raising, check the outboard or Volvo inboard for service history, and budget for rig and antifouling upkeep. A well-kept example remains one of the most reliable and beginner-friendly small cruising yachts you can buy.
Price & volume trends
Monthly asking-price and listing-volume trends for the Pegasus 700. The line shows the median ask each month; the bars show how many listings appeared.
Monthly breakdown · 6 rows
| Month | Listings | Median ask | Δ vs. last mo. |
|---|---|---|---|
| Sep 25 | 2 | $4,802 | — |
| Jan 26 | 1 | $5,208 | +8.5% |
| Mar 26 | 1 | $4,734 | -9.1% |
| Apr 26 | 1 | $3,990 | -15.7% |
| Jun 26 | 3 | $2,705 | -32.2% |
| Jul 26 | 1 | $1,346 | -50.2% |
Where they're listed
Pegasus 700 listings appear across 1 country. United Kingdom has the most listings with 9.
Country view
9 listings · 1 country| Country | Median ask | Listings · 12 mo | Active · 90 d | Share |
|---|---|---|---|---|
| United Kingdom | $3,990 | 9 | 4 | 100.0% |
Comparable models
Similar length, displacement, and era. Open a row to compare that model's market page.
Similar boats to compare
2 similar designs| Model | LOA | Median ask | Listings · 12 mo | Active · 90 d |
|---|---|---|---|---|
| Rydgeway Marine/Pegasus Yachts, Oulton Broad 700You are here | — | $ 3,990 | 9 | 4 |
| Pegasus Yachts 800 | 25.75' | $ 7,372 | 8 | 1 |