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3data points analyzed by Sailpages.com to compile this LOKI 38 (S&S) buyerโ€™s report
LOKI 38 (S&S)

LOKI 38 (S&S)

1949โ€“195512 built
$3.0K โ€“ $7.9K est. annual maintenance
Bluewater CruisermonoMasthead YawlFull/Long

Specifications

Hull

LOA38.33 ft
LWL26 ft
Beam9.58 ft
Draft5.67 ft
Displacement18,000 lb
Ballast7,560 lb
Hull speed1.34ยทโˆšLWL6.8 kn

About the LOKI 38 (S&S)

S&S# 1001/1001G The first two boats, the original Loki, and Chance, the second in the class, were both built by Albert Lemos in his Riverside, RI boatyard. 9 boats by Heidtmann, (1953). All were rigged as yawls.

Sailpages Buyer's Take

The Loki 38 is a rare, classic Sparkman & Stephens design built by A. Lemos, H. Heidtmann, and Nevins between 1949 and 1955, with only 12 hulls constructed. Its scarcity and pedigree make it a significant collector's item among vintage sailing enthusiasts.

Best for:
This boat suits experienced owners seeking a low-production, classic S&S design for coastal cruising or careful restoration, rather than high-performance racing.
Bluewater capability:
With a displacement of 18000.0 lb, a comfort ratio of 46.17, and a capsize ratio of 1.46, the Loki 38 exhibits the heavy, stable characteristics typical of robust offshore cruisers from this era.
Comparables:
Comparable boats include other mid-century Sparkman & Stephens designs like the S&S 34 or 36, which share similar full-keel hull forms and traditional yawl rigging philosophies.

Performance

Comfort46.2
Capsize1.46
SA/Disp16.4
Disp/Len457
Bal/Disp42.0

Pricing

We don't have market pricing data for the LOKI 38 (S&S) yet. If you own one, help other buyers โ€” what did you pay for it? Reports build a community price estimate over time.

Estimated Cost of Ownership

Based on 38.33ft LOA. Actual costs vary by condition, usage, and local rates.

$/ft/mo
Annual Maintenance
$3.0K โ€“ $7.9K
Hull, rigging, sails, engine service
Annual Docking
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Annual Insurance
N/A
No price data available

Known Issues & Pre-Purchase Inspection

We don't have enough data on the LOKI 38 (S&S)yet to publish model-specific findings we'd stand behind โ€” but here's a free general inspection checklist, built from our research into what actually goes wrong on boats of this kind.

Drawn from 7,029 documented issues across 2,391 models, ordered so the areas that most often turn up problems come first.

1Structural & Bulkheads9732Standing Rigging6403Deck & Topsides6404Keel & Keel Bolts5535Rudder & Steering5086Hull & Bottom377
Free general pre-purchase checklist
25 survey areas โ€” hull, keel, rig, engine, electrical and more. Take it aboard when you view any boat.

Own a LOKI 38 (S&S)? Reports from owners are what turn this into a model-specific checklist โ€” and they're the reason the boats above it have one.

Similar Sailboats

Which engine powers your LOKI 38 (S&S)?

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

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

Used sails that fit the LOKI 38 (S&S)

Checking eBay for sails sized to this boat's rigโ€ฆ