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158data points analyzed by Sailpages.com to compile this ISLAND PACKET 40 buyer’s report
ISLAND PACKET 40

ISLAND PACKET 40

Island Packet Yachts🇺🇸· Design: Bob Johnson
$140,014 avg$55,000 – $179,900 (19 listings)1994–2000139 built
$2.3K – $6.3K est. annual maintenance

Specifications

Hull

LOA40 ft
LWL34 ft
Beam12.92 ft
Draft4.67 ft
Displacement22,800 lb
Ballast10,000.1 lb
Hull speed1.34·√LWL7.8 kn

Rig & Sails

Iforetriangle height49.83 ft
Jforetriangle base17.75 ft
Pmainsail luff42.83 ft
Emainsail foot15.5 ft
FLforestay17.8 ft
Mainsail800.7 sq ft
Jib (100%)442.2 sq ft
Spinnaker751.8 sq ft

Engine

CommonlyJohnson

About the ISLAND PACKET 40

Sailpages Buyer's Take

Designed by Bob Johnson and built by Island Packet Yachts (USA) from 1994–2000, the Island Packet 40 is a robust cruising cutter with 139 hulls produced. Its heavy displacement of 22800.0 lb and full keel design prioritize stability and comfort over speed, making it a classic example of the builder's conservative engineering philosophy.

Best for:
This boat is ideal for coastal and offshore cruisers who prioritize safety, comfort, and ease of single-handed handling over high-performance sailing. It suits owners seeking a low-maintenance, solidly built vessel capable of carrying substantial cruising gear and watermakers.
Bluewater capability:
With a displacement of 22800.0 lb, a capsize ratio of 1.83, and a full/long keel, the IP40 is highly capable offshore, supported by owner reports of extensive bluewater cruising and common installations of watermakers and wind generators.
Comparables:
Comparable boats include the Hallberg-Rassy 42 and the Tartan 4200, which share similar heavy-displacement, full-keel characteristics and a focus on safe offshore passage-making. Like the IP40, these vessels are chosen for their seakeeping abilities and traditional layout rather than racing pedigree.

Performance

Comfort32.6
Capsize1.83
SA/Disp18.1
Disp/Len259
Bal/Disp43.9

Estimated Value

Medium Confidence
Based on 10 listings
Low
$89,682
Estimated Value
$114,996
High
$126,213
Inflation-adjusted to 2026 USD

Asking price by model year

19 listings · boat years 19851998 · median $149,000

$0$100k$200kmedian $149,0001985199019951998 Island Packet 40 · $179,900 · Florida, US1997 Island Packet 40 Cutter · $80,000 · Florida, US1994 ISLAND PACKET IP40 · $160,000 · Outside United States, MX1995 Island Packet IP40 Sold · $134,900 · Outside United States1996 Island Packet 40 · $149,000 · South Carolina, US1996 40 · $174,900 · FL, US1998 40 · $147,000 · FL, US1997 40 · $154,900 · WI, US1994 40 · $55,000 · GD1998 Island Packet 40 · $108,929 · Florida, United States1985 Island Trader 40 · $162,000 · Netherlands, Strijensas1996 Island Packet island packet 40 · $169,900 · FL1996 Island Packet island packet 40 · $114,000 · FL1998 Island Packet island packet 40 · $165,000 · FL1994 Island Packet island packet 40 · $139,999 · FL1994 Island Packet island packet 40 · $105,0001997 Island Packet island packet 40 · $154,900 · WI1995 Island Packet island packet 40 · $164,500 · FL1998 Island Packet 40 · $140,437 · Florida, United StatesAsking 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 40ft LOA. Actual costs vary by condition, usage, and local rates.

$/ft/mo
Annual Maintenance
$2.3K – $6.3K
Hull, rigging, sails, engine service
Annual Docking
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Articles & Reviews

Known Issues & Pre-Purchase Inspection

11 reported issues across 7 systems for the ISLAND PACKET 40, compiled from owner reports in sailing forums and owner-association material.

1 critical3 major7 minor
Structural4Plumbing2Hull1Keel1Deck1Electrical1Engine1

Unlock the full inspection report

Thinking of buying a ISLAND PACKET 40? 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 11 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

Similar Sailboats

Which engine powers your ISLAND PACKET 40?

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, Bosch Universal — is it one of these?

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Used sails that fit the ISLAND PACKET 40

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