1981 Vagabond Cutter Rigged Ketch47ft

Pegasus is a beautiful Documented Yacht. 

She is a center cockpit cutter-rigged ketch designed by renowned William Garden.  The owner put it into a barn in Snohomish to put a new deck on it and update some things. Unfortunately he passed away before he was able to finish it. His Wife is selling it. The owner was a professional Shipwright / Finish Carpenter and doing the work for himself so it has been meticulously done. This yacht has never been abused or neglected and reflects that.    He finished replacing the deck with a beautiful new fiberglass deck. The trunk cabin was left teak and needs to be rebedded.  He ground the bottom of the boat and faired it. Then applied epoxy barrier coats. It still needs another coat of epoxy applied, bottom paint and thru-hulls re-connected.    She has a new bow sprit. All deck fittings were removed, cleaned, buffed and rebedded. The masts are aluminum Isomat masts in excellent condition, repainted and re-wired. He buffed every inch of  fiberglass on the boat and waxed it. It has never been painted but looks brand new. All turnbuckles and stainless were buffed out.  Inside lighting was replaced with day/night red vision. The head was completely rebuilt including new fiberglass shower, fixtures, pumps and valves. It needs a holding tank installed.   He installed a Hurricane Diesel fired boiler type hydronic forced air furnace system throughout  the boat.  It was inspected and certified by Hurricane.  The standing rigging and sails are in excellent condition.    Not a lot left to do before she is ready to go back in the water and will be like a brand new boat.   Pegasus is worth seeing if your looking for a gorgeous , solid, dependable offshore yacht. An opportunity to save $'s if you can complete the work yourself. . Being sold as is and where is. 

THIS IS A PARTIAL DESCRIPTION WRITTEN BY THE OWNER---

The bow sprit is an extremely integral component of the actual standing and running rigging. On a Vagabond it is critical that it be sound since it carries the tension of the main mast, fore and intermediate stays, not to mention the foresails. A failure would result in a catastrophic main mast failure. I decided to change the bow sprit with a new one. Through years of experience in tapping to detect dry rot, I didn't like the sound when I tapped on it. I had heard that same sound on many other Vagabonds when I was looking at yachts to buy. As it turned out my hunch was right. lt had major rot pockets inside that could not be seen on the outside. I built the new sprit out of aged and air dried VG fir. Full length pieces laminated together with epoxy. I shaped and cut it to be an exact duplicate of the old one and through bolted it with stainless bolts. I then covered it with four coats of epoxy, sanded and painted it. I finished it with four coats of interlux linear polyurethane. It was then bedded and bolted to the boat. A boatyard estimate to do this work is 10-$12,000 REMOVAL AND REPLACEMENT OF TEAK DECK WITH A NEW FIBFRGTASS DECK Any teak deck more than 10 years old should be seriously evaluated and proper steps taken to renew degraded areas. Re-caulking is not the solution, as caulking is NOT the problem (although it may be part of the problem). The bedding underneath the teak which glues the teak to the deck is the problem. When the teak separates from the deck it creates a void which will fill with water and moisture. lf the fix was simply to caulk the seams, there is no pathway for the water to dry and rot begins to infest the deck structure itself. The fix is to remove the teak and re-bed it or leave the teak off alltogether. To remove a teak deck and replace it, whether with a new teak deck or a new fiberglass deck is a huge undertaking. On a Vagabond 47 there are over ten thousand screws in the teak deck. Each one of them is a potential leak into the deck corer which will cause rot. I chose to remove the teak and leave it off in favor of an epoxy based coating. The way id did this is as follows I removed all plugs and screws Removed the teak Ground the deck until smooth and clean Drilled each screw hole and filled it with epoxy Put down four coats of epoxy Lightly sanded until smooth & clean Painted detail lines with interlux 2 part poly

 NEW LOWER PRICE --$97,500 firm