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378data points analyzed by Sailpages.com to compile this CABO RICO 38 buyer’s report
CABO RICO 38

CABO RICO 38

Cabo Rico Custom Yachts, Inc.🇨🇷· Design: W.I.B. Crealock/Dennis Garrett
$80,209 avg$40,000 – $144,900 (11 listings)from 1977200 built
$2.5K – $6.7K est. annual maintenance
Bluewater CruisermonoCutterFull/Long
Cabo Rico

Specifications

Hull

LOA38 ft
LWL29.25 ft
Beam11.5 ft
Draft5 ft
Displacement21,000 lb
Ballast7,799.4 lb
Hull speed1.34·√LWL7.2 kn

Rig & Sails

Iforetriangle height44 ft
Jforetriangle base18.5 ft
Pmainsail luff38.8 ft
Emainsail foot14.7 ft
FLforestay18.5 ft
Mainsail342 sq ft
Jib (100%)407 sq ft
Spinnaker691.9 sq ft

About the CABO RICO 38

S.A. (reported) above = -Main - 298 sqft -120% Genoa - 519 sqft -Staysail - 152 sqft Sail area with 100% foretriangle is reported as 778 sqft. Later brochures list sail area as: main: 342 sqft + 100% foretriangle: 408 sqft = 750 sqft. Rig measurements from Sea Trials by Earl R. Hinz, May 1981 Based on the earlier TIBURON 36 but with aft cockpit. Pilothouse version was also available.

Sailpages Buyer's Take

Designed by W.I.B. Crealock and Dennis Garrett and built by Cabo Rico Custom Yachts, Inc. (CR), the Cabo Rico 38 is a robust, heavy-displacement cruiser with 200 hulls built in 1977. Its substantial 21000.0 lb displacement and full keel design prioritize stability and seakeeping over speed, making it a classic example of 1970s offshore engineering.

Best for:
This boat is ideally suited for serious bluewater cruisers and coastal explorers who prioritize safety, comfort, and self-sufficiency over high-performance sailing. It appeals to owners willing to invest in significant maintenance and modernization, as evidenced by the high prevalence of engine swaps and electronics upgrades.
Bluewater capability:
With a D/L ratio of 374.62 and a Capsize ratio of 1.67, the Cabo Rico 38 is exceptionally stable and well-suited for offshore passages, though its heavy displacement requires careful weight management and strong wind conditions for optimal performance.
Comparables:
Comparable vessels include the Tartan 38 and O'Day 38, which share similar production eras and heavy-displacement characteristics. Like the Cabo Rico, these boats offer cutter rigs and full keels designed for safe offshore passage-making rather than racing.

Performance

Comfort39.4
Capsize1.67
SA/Disp20.4
Disp/Len375
Bal/Disp37.1

Estimated Value

Low Confidence
Based on 7 listings
Low
$44,677
Estimated Value
$68,376
High
$68,958
Inflation-adjusted to 2026 USD

Asking price by model year

11 listings · boat years 19851991 · median $69,900

$0$50k$100k$150kmedian $69,900198519901987 Cabo Rico Cabo Rico 38 · $40,000 · Maryland, US1990 Cabo Rico 38 · $60,000 · South Carolina, US1987 Cabo Rico 38 · $112,000 · Florida, US1987 38 · $40,000 · MD, US1991 38 · $89,000 · CA, US1988 38XL · $88,000 · ME, US1988 38XL · $88,500 · ME, US1986 CB38 · $55,000 · FL, US1990 Cabo Rico cabo rico 38 · $144,900 · WA1986 Cabo Rico cabo rico cb38 · $55,000 · FL1985 Cabo Rico cabo rico 38 · $69,900 · VAAsking price (USD)Boat model year

Each dot is one listing · hover for details · dashed red line marks the median · obvious data-entry outliers (top & bottom 2.5%) excluded.

Estimated Cost of Ownership

Based on 38ft LOA. Actual costs vary by condition, usage, and local rates.

$/ft/mo
Annual Maintenance
$2.5K – $6.7K
Hull, rigging, sails, engine service
Annual Docking
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Known Issues & Pre-Purchase Inspection

22 reported issues across 9 systems for the CABO RICO 38, compiled from owner reports in sailing forums and owner-association material.

8 critical6 major8 minor
Deck5Structural5Engine3Rigging2Rudder2Hull2Keel1Electrical1Plumbing1

Unlock the full inspection report

Thinking of buying a CABO RICO 38? This is an in-depth report on the faults this model is known for — so you know exactly what to check when you walk the boat. For the price of a coffee.

  • All 22 specific issues — severity, symptoms & fixes
  • Model-specific pre-purchase inspection checklist
  • Downloadable PDF to take to your surveyor — yours to keep

One-time $2.99 · secure checkout by Stripe · instant access · 30 days online, PDF yours to keep

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Which engine powers your CABO RICO 38?

We haven't confirmed the engine for this model yet. If you own or know one, tell us — as owners report in, we build an accurate picture over time.

Brands sometimes mentioned for this model: Yanmar, Westerbeke, Universal, Perkins — is it one of these?

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Used sails that fit the CABO RICO 38

Checking eBay for sails sized to this boat's rig…