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252data points analyzed by Sailpages.com to compile this ISLAND PACKET 38 buyer’s report
ISLAND PACKET 38

ISLAND PACKET 38

Island Packet Yachts🇺🇸· Design: Bob Johnson
$113,558 avg$79,900 – $151,000 (33 listings)1986–1993188 built
$2.2K – $5.9K est. annual maintenance

Specifications

Hull

LOA38 ft
LWL33 ft
Beam12.67 ft
Draft5 ft
Displacement21,500 lb
Ballast9,999.6 lb
Hull speed1.34·√LWL7.7 kn

Rig & Sails

Iforetriangle height46.5 ft
Jforetriangle base17.83 ft
Pmainsail luff40 ft
Emainsail foot16 ft
FLforestay17.8 ft
Mainsail760.2 sq ft
Jib (100%)414.6 sq ft
Spinnaker704.7 sq ft

Engine

CommonlyJohnson

About the ISLAND PACKET 38

Draft for CB version: 4.0' BU, 7.58' BD.

Sailpages Buyer's Take

Designed by Bob Johnson and built by Island Packet Yachts (USA) from 1986–1993, the Island Packet 38 is a robust, full-keel cutter with 188 hulls produced. Its heavy displacement of 21500.0 lb and full/long keel configuration prioritize stability and seakeeping over speed, making it a classic example of the builder's conservative, safety-first philosophy.

Best for:
This boat is ideal for coastal cruisers and conservative bluewater passagemakers who prioritize comfort, stability, and ease of single-handed handling over high-performance sailing. The cutter rig and substantial ballast of 9999.6 lb make it particularly well-suited for owners seeking a low-maintenance, secure platform for extended offshore passages.
Bluewater capability:
With a capsize ratio of 1.83 and a displacement/length ratio of 267.08, the Island Packet 38 is highly capable offshore, offering exceptional stability and a forgiving motion in heavy seas. Its full/long keel design provides inherent directional stability, reducing the need for constant helm correction during long passages.
Comparables:
Comparable boats include the Hallberg-Rassy 382 and the Tartan 38, which share similar full-keel, heavy-displacement characteristics and cutter rigs from the same era. These vessels appeal to the same demographic of owners seeking traditional, stable, and durable offshore cruisers with a focus on safety and comfort.

Performance

Comfort32.7
Capsize1.83
SA/Disp18.1
Disp/Len267
Bal/Disp46.5

Estimated Value

Medium Confidence
Based on 20 listings
Low
$93,545
Estimated Value
$110,193
High
$128,019
Boats sell for ~0% below asking price (based on 1 actual sale) · Inflation-adjusted to 2026 USD

Asking price by model year

33 listings · boat years 19831993 · median $115,000

$0$50k$100k$150kmedian $115,000198519901988 Island Packet Ip38 · $90,000 · Outside United States, GR1990 Island Packet IP38 · $110,000 · Outside United States, ES1990 Island Packet 38 · $139,000 · Florida, US1988 Island Packet 38 · $85,900 · Outside United States1983 Island Packet IP 38 · $120,000 · South Carolina, US1990 Island Packet 38 · $103,500 · Outside United States1990 Island Packet 38 Cutter · $90,000 · Outside United States1988 Island Packet IP 38 · $138,000 · Maryland, US1989 Island Packet 38 · $99,000 · US1993 Island Packet 38 · $135,000 · South Carolina, US1988 Island Packet 38 · $136,000 · Florida, US1988 Island Packet IP 38 · $135,000 · Outside United States, TR1988 Island Packet 38 · $149,000 · Florida, US1991 38 · $99,000 · FL, US1988 38 · $109,900 · FL, US1989 38 · $79,900 · MD, US1989 38 · $151,000 · FL, US1988 38 · $110,000 · DE, US1991 38 · $118,000 · MS, US1993 38 · $139,000 · GD1992 Island Packet 38 · $116,640 · Greece, Peloponnese1991 Island Packet island packet 38 · $99,000 · FL1989 Island Packet island packet 38 · $79,900 · MD1991 Island Packet island packet 38 · $118,000 · MS1989 Island Packet island packet 38 · $151,000 · FL1988 Island Packet island packet 38 · $99,900 · MD1990 Island Packet island packet 38 · $115,000 · ME1986 Island Packet island packet 38 · $84,9001992 Island Packet island packet 38 · $115,0001993 Island Packet island packet 38 · $139,0001991 island packet 38 · $93,4511986 Island Packet 38 · $81,109 · Sint Maarten (Dutch Part)1992 Island Packet 38 · $117,314 · GreeceAsking 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
$2.2K – $5.9K
Hull, rigging, sails, engine service
Annual Docking
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Articles & Reviews

Known Issues & Pre-Purchase Inspection

12 reported issues across 6 systems for the ISLAND PACKET 38, compiled from owner reports in sailing forums and owner-association material.

2 critical4 major6 minor
Structural4Plumbing3Electrical2Rudder1Rigging1Keel1

Unlock the full inspection report

Thinking of buying a ISLAND PACKET 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 12 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 ISLAND PACKET 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: Johnson, Yanmar — is it one of these?

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Used sails that fit the ISLAND PACKET 38

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