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90data points analyzed by Sailpages.com to compile this CHEOY LEE 41 buyer’s report
CHEOY LEE 41

CHEOY LEE 41

Cheoy Lee Shipyard Ltd.🇭🇰· Design: Raymond Richards
$37,869 avg$10,000 – $49,900 (6 listings)from 1979
$3.3K – $8.9K est. annual maintenance
Bluewater CruisermonoMasthead KetchFin
Cheoy Lee Association Web Site

Specifications

Hull

LOA40.75 ft
LWL32.5 ft
Beam12.5 ft
Draft6 ft
Displacement22,000 lb
Ballast8,701 lb
Hull speed1.34·√LWL7.6 kn

Rig & Sails

Iforetriangle height50.5 ft
Jforetriangle base17 ft
Pmainsail luff45.5 ft
Emainsail foot12 ft
FLforestay17 ft
Mainsail724.1 sq ft
Jib (100%)429.3 sq ft
Spinnaker729.7 sq ft
SA total810 sq ft

About the CHEOY LEE 41

Also available as sloop. Sail area: 810 ft² / 76.25 m² Also available as yawl. Sail area: 820 ft² / 76.2 m² A similar model was offered as the OFFSHORE 41 and occasionally OFFSHORE 40. (What was offered from the builder or re-seller as an OFFSHORE 40 or 41 was not always consistent.)

Sailpages Buyer's Take

Designed by Raymond Richards and built by Cheoy Lee Shipyard Ltd. in Hong Kong, the Cheoy Lee 41 is a robust ketch-rigged cruiser from 1979. While the exact build count is unknown, this model represents a significant era of high-quality Asian construction, characterized by heavy displacement and traditional aesthetics.

Best for:
This boat is best suited for experienced coastal cruisers and those seeking a comfortable, stable platform for extended offshore passages, particularly those who appreciate the maneuverability and balance of a ketch rig.
Bluewater capability:
With a displacement of 22000.0 lb and a low capsize ratio of 1.79, the Cheoy Lee 41 is inherently stable and well-suited for bluewater cruising, though its fin keel and 6.0 ft max draft require careful anchoring consideration.
Comparables:
Comparable boats include the Hallberg-Rassy 41 and the Tartan 41, as they share similar heavy-displacement characteristics, ketch or masthead sloop configurations, and a reputation for solid offshore capability from the late 1970s.

Performance

Comfort33.6
Capsize1.79
SA/Disp17.1
Disp/Len286
Bal/Disp39.5

Estimated Value

Low Confidence
Based on 3 listings
Low
$15,525
Estimated Value
$24,840
High
$27,913
Boats sell for ~0% below asking price (based on 1 actual sale) · Inflation-adjusted to 2026 USD

Asking price by model year

9 listings · boat years 19771985 · median $40,321

$0$20k$40k$60kmedian $40,321198019851978 Cheoy Lee Offshore 41 · $55,000 · New York, US1979 Cheoy Lee 41' Offshore · $24,500 · Virginia, US1983 Cheoy Lee Pedrick 41 · $49,900 · New York, US1979 Cheoy lee 41 · $10,000 · Florida, US1977 Cheoy Lee 41 Offshore · $7,500 · South Carolina, US1985 Cheoy Lee Pedrick 41 · $40,000 · California, US1977 Cheoy Lee cheoy lee 41 offshore ketch · $44,000 · NY1978 Cheoy Lee cheoy lee offshore 41 sloop · $42,990 · WA1984 cheoy lee pedrick 41 · $40,321Asking 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 40.75ft LOA. Actual costs vary by condition, usage, and local rates.

$/ft/mo
Annual Maintenance
$3.3K – $8.9K
Hull, rigging, sails, engine service
Annual Docking
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Known Issues & Pre-Purchase Inspection

22 reported issues across 9 systems for the CHEOY LEE 41, compiled from owner reports in sailing forums and owner-association material.

7 critical7 major8 minor
Deck6Structural5Engine3Rudder2Hull2Rigging1Keel1Electrical1Plumbing1

Unlock the full inspection report

Thinking of buying a CHEOY LEE 41? 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 CHEOY LEE 41?

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, Perkins, Universal — is it one of these?

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Used sails that fit the CHEOY LEE 41

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