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9data points analyzed by Sailpages.com to compile this CHEOY LEE 43 MS buyer’s report
CHEOY LEE 43 MS

CHEOY LEE 43 MS

$69,000 avg$69,000 – $69,000 (1 listings)from 1981
$3.6K – $9.7K est. annual maintenance
Bluewater CruisermonoMasthead KetchFull/Long

Specifications

Hull

LOA42.79 ft
LWL36.87 ft
Beam13.25 ft
Draft5 ft
Displacement36,000 lb
Ballast11,998.8 lb
Hull speed1.34·√LWL8.1 kn

About the CHEOY LEE 43 MS

Available as cutter or ketch.

Sailpages Buyer's Take

The Cheoy Lee 43 MS is a heavy-displacement ketch designed by Robert Perry and built by Cheoy Lee Shipyard Ltd. in Hong Kong, with production records indicating a build year of 1981. This vessel represents a specific era of high-quality Asian construction, characterized by its substantial 36000.0 lb displacement and full keel design.

Best for:
This boat is best suited for experienced coastal cruisers and conservative bluewater sailors who prioritize seakeeping and comfort over speed, particularly those willing to manage the maintenance demands of a 1981-era vessel.
Bluewater capability:
With a displacement of 36000.0 lb, a capsize ratio of 1.61, and a full/long keel, the boat is inherently stable and safe offshore, though its age and reported structural issues require rigorous pre-purchase verification.
Comparables:
Comparable vessels include other Robert Perry designs from the same era, such as the Cheoy Lee 36 and 38, as well as similarly heavy-displacement ketches like the Tartan 38 and O'Day 38, which share similar comfort ratios and cruising-oriented hull forms.

Performance

Comfort46.1
Capsize1.61
SA/Disp12.3
Disp/Len321
Bal/Disp33.3

Market Price

Low
$69,000
Average
$69,000
High
$69,000
Based on 1 listings across 2 marketplaces

Estimated Cost of Ownership

Based on 42.79ft LOA. Actual costs vary by condition, usage, and local rates.

$/ft/mo
Annual Maintenance
$3.6K – $9.7K
Hull, rigging, sails, engine service
Annual Docking
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Annual Insurance
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Known Issues & Pre-Purchase Inspection

15 reported issues across 8 systems for the CHEOY LEE 43 MS, compiled from owner reports in sailing forums and owner-association material.

4 critical5 major6 minor
Structural4Deck3Rudder2Hull2Engine1Rigging1Keel1Electrical1

Unlock the full inspection report

Thinking of buying a CHEOY LEE 43 MS? This is an in-depth report on the faults this model is known for β€” so you know exactly what to check when you walk the boat. For the price of a coffee.

  • βœ“ All 15 specific issues β€” severity, symptoms & fixes
  • βœ“ Model-specific pre-purchase inspection checklist
  • βœ“ Downloadable PDF to take to your surveyor β€” yours to keep

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

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Which engine powers your CHEOY LEE 43 MS?

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

Brands sometimes mentioned for this model: Yanmar, Bukh, Universal, Perkins β€” is it one of these?

Already know your engine? Search all engines β†’ to find its exact parts.

Used sails that fit the CHEOY LEE 43 MS

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