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209data points analyzed by Sailpages.com to compile this CAPE FEAR 38 buyer’s report
CAPE FEAR 38

CAPE FEAR 38

$129,600 avg$129,600 – $129,600 (1 listings)from 2001
$2.1K – $5.5K est. annual maintenance
Offshore CruisermonoFractional SloopFin

Specifications

Hull

LOA38 ft
LWL34 ft
Beam11 ft
Draft6 ft
Displacement11,800 lb
Ballast5,075.2 lb
Hull speed1.34·√LWL7.8 kn

Rig & Sails

Iforetriangle height48 ft
Jforetriangle base14 ft
Pmainsail luff48 ft
Emainsail foot17.17 ft
FLforestay14 ft
Mainsail781 sq ft
Jib (100%)336 sq ft
Spinnaker734.4 sq ft

About the CAPE FEAR 38

The CAPE FEAR 38 was available in three different versions: Standard, Cruising, Regatta, though variations in features and dimensions were not consistent to one specific version. This model was originally promoted with 'a la carte' pricing model with a long list of configurations and options. (A keel failure in 2008 that resulted in a mans death raised charges about the construction standards for this model. We have no specific knowledge about the merits of this case but it has been written about extensively elsewhere.)

Sailpages Buyer's Take

The Cape Fear 38 is a fractional sloop designed by Marek and built by Cape Fear Yacht Work (USA) in 2001, with an unknown total hull count. It is a heavy-displacement cruiser with a displacement of 11800.0 lb and a beam of 11.0 ft, characterized by a comfort ratio of 21.25 and a capsize ratio of 1.94.

Best for:
This boat suits coastal and offshore cruisers who prioritize stability and comfort over speed, given its high displacement and moderate sail area-to-displacement ratio of 24.78. It is well-suited for couples or families seeking a robust, traditional cruising platform with ample interior volume.
Bluewater capability:
With a displacement of 11800.0 lb and a low capsize ratio of 1.94, the Cape Fear 38 is well-suited for offshore passages, though potential buyers must address critical structural risks like keel sump cracking and deck core moisture to ensure seaworthiness.
Comparables:
Comparable boats include the Hallberg-Rassy 38 and the Tartan 38, which share similar heavy-displacement characteristics and offshore cruising credentials. These models offer similar beam and draft profiles, appealing to buyers seeking proven bluewater capability from the early 2000s.

Performance

Comfort21.3
Capsize1.94
SA/Disp24.8
Disp/Len134
Bal/Disp43.0

ORC Performance Data(3 certificates)

Measured performance data from ORC (Offshore Racing Congress) certificates.

Polar Diagram

2468100°30°60°90°120°150°180°WIND
6kn8kn10kn12kn14kn16kn20knbeat VMGrun VMG

Boat speed (kn) vs. true wind angle. Source: ORC

Racing Ratings

GPH597.4 s/miOSN579.8

Triple Number

LowMedHighOffshore0.87371.12021.2371Inshore0.67610.90441.0152

ORC Measured

Displacement5840 kg (12877 lb)Wetted surface30.4 m² (327 ft²)Stability index73.4

Sail Areas (ORC)

Main44.9 m² (483 ft²)Genoa33.4 m² (359 ft²)Asymmetric114.0 m² (1227 ft²)

Speed Table (kn)

TWA \ TWS681012141620
52°5.46.47.07.37.47.57.5
60°5.76.77.27.57.67.77.8
75°6.06.97.47.77.98.18.2
90°5.97.07.57.88.18.38.7
110°6.07.27.88.18.48.69.1
120°5.97.17.78.28.69.09.5
135°5.36.67.48.08.48.910.1
150°4.45.66.77.47.88.18.9
Beat VMG3.54.34.85.05.15.25.2
Run VMG3.84.95.86.46.77.28.0

Market Price

Low
$129,600
Average
$129,600
High
$129,600
Based on 1 listings across 1 marketplace

Estimated Cost of Ownership

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

$/ft/mo
Annual Maintenance
$2.1K – $5.5K
Hull, rigging, sails, engine service
Annual Docking
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Articles & Reviews

Known Issues & Pre-Purchase Inspection

15 reported issues across 7 systems for the CAPE FEAR 38, compiled from owner reports in sailing forums and owner-association material.

6 critical5 major4 minor
Rigging5Keel2Deck2Rudder2Hull2Plumbing1Structural1

Unlock the full inspection report

Thinking of buying a CAPE FEAR 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 15 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 CAPE FEAR 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, Universal, Kubota — is it one of these?

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Used sails that fit the CAPE FEAR 38

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