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1977 Custom 12 Metre

US$ 800,000*
Portsmouth, RI
Interested in this boat? Tel: 212-804-6699
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Engine/Fuel Type:
Located In:
Portsmouth, RI
Hull Material:
Current Price:
US$ 800,000 

Designed by Sparkman & Stephens ENTERPRISE was built at Minneford Boat Yard to vie as a defender for the America’s Cup in 1977.   Developed and optimized under the leadership of Lowell North, she sailed as the ‘trial horse’ for FREEDOM in her quest and ultimate success in winning the America’s Cup in 1980.

Following a number of years in Europe, initially as a ‘trial horse’ within Italian and French challenges for the America’s Cup and several years as a ‘cruiser/racer’, ENTERPRISE returned to the US in 2007.

In 2016 a client approached the Sparkman & Stephens office searching for an S&S designed 12 Metre built in the US, with the potential to win.  ENTERPRISE was the perfect ‘fit,’ particularly as according history or folklore: she missed out on being defender of the Americas Cup in 1980 by the  ‘flip of a coin.’

The owner handed Sparkman & Stephens a revised brief; “The goal is to win the 2019 12 Metre World Championship to be held off Newport, RI.”

 The project commenced in July of 2017.  Following the removal of her ‘cruising interior’, including engine, machinery and plumbing, she was measured in the water as per the 12 Metre Rule.  From there every item of hardware was removed and the hull re-faired and finished.  A thorough examination of her construction was undertaken followed by a laser scan of the hull, interior and appendages. From those scans 3D models were created to facilitate extensive design studies, which included:

-          Weight tracking throughout project

-          Cockpit layout optimization, design and construction

-          Performance analysis of multiple rudder and bustle options

-          Performance analysis of multiple keel and trim tab options

-          Performance analysis of rig and sails by North Sails

-          Velocity Prediction Program (VPP) calculations performed throughout studies to find optimum solutions

-          RANS-based Computational Fluid Dynamics (CFD) analysis of individual components

-          CFD analysis of complete hydrodynamic and aerodynamic package (including new weights, appendages, sail plan and sails.   


Following months of reviewing data the decision was made to cast a new keel, build a new rudder and trim tab.  Orders were placed for a new mast, deck hardware package including coffee grinders and hydraulic system. The schedule calls for ENTERPRISE to be launched for measuring at the beginning of September 2018. 

ENTERPRISE has been a “passion project” for this owner.  An avid yachtsman who has restored three significant yachts in the past decade he was impressed by the history and potential of ENTERPRISE.   Her optimization and refit has been conducted with the same high standards of quality and attention to detail.   After the multi-year restoration of a 1929 ‘classic’ he is enjoying the fruits of that cost and labor racing in Maine with the European Classic Series slated for next year.  Similarly the ongoing refinement and optimization of his Super-Yacht for the 2019 Caribbean Series is seeking attention.  Meanwhile, cruising on his 72’ modern day (1993) classic provides quality time away from the racecourse.   With  limited room for another major racing campaign ENTERPRISE is being offered for sale.

Documentation is available reflecting total expenditure of approximately $1.5m.  The asking price of $800K reflects the owners earnest wish to see ENTERPRISE under new stewardship and attain the originally stated goal.  “Win the 2019 World Championship”

Paul Buttrose mobile 954 294 6962

Please contact Paul Buttrose, Licensed Yacht Broker at (954) 294-6962

Interested in this boat? Tel: 212-804-6699

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Tel: 212-804-6699
Sparkman & Stephens, LLC

26 Washington Square
Newport, RI 02840
United States

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Interested in this boat? Tel: 212-804-6699