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31data points analyzed by Sailpages.com to compile this MORGAN 38 buyer’s report
MORGAN 38

MORGAN 38

Morgan YachtsπŸ‡ΊπŸ‡ΈΒ· Design: Charles Morgan
$57,967 avg$20,000 – $84,900 (3 listings)1969–197175 built
$2.5K – $6.6K est. annual maintenance
Bluewater CruisermonoMasthead SloopVariableFull/Long

Specifications

Hull

LOA37.67 ft
LWL28 ft
Beam11 ft
Draft8.33 ft/ 3.75 ft min
Displacement16,000 lb
Ballast7,500.8 lb
Hull speed1.34·√LWL7.1 kn

Rig & Sails

Iforetriangle height45 ft
Jforetriangle base14.7 ft
Pmainsail luff38.5 ft
Emainsail foot16 ft
FLforestay14.7 ft
Mainsail663.4 sq ft
Jib (100%)330.8 sq ft
Spinnaker562.3 sq ft

About the MORGAN 38

Available as sloop or yawl. Not to be confused with a later series of Morgan 38 footers (introduced in 1978?).

Sailpages Buyer's Take

Designed by Charles Morgan and built by Morgan Yachts (USA) between 1969 and 1971, the Morgan 38 is a robust heavy-displacement cruiser with a total production of 75 hulls. Its substantial 16000.0 lb displacement and 325.39 D/L ratio reflect a design philosophy prioritizing stability and seakeeping over speed.

Best for:
This boat is best suited for coastal and offshore cruisers who prioritize comfort and safety in heavy weather, as well as those seeking a solid platform for long-term ownership despite the need for ongoing maintenance.
Bluewater capability:
With a low capsize ratio of 1.75 and a high comfort ratio of 32.82, the Morgan 38 is well-regarded for bluewater cruising, offering excellent stability and motion comfort in offshore conditions.
Comparables:
Comparable to other heavy-displacement trawler-style yachts from the late 1960s and early 1970s, such as the Tartan 38 or O'Day 38, due to similar full keel designs and emphasis on passage-making capability over planing performance.

Performance

Comfort32.8
Capsize1.75
SA/Disp16.2
Disp/Len325
Bal/Disp46.9

Estimated Value

Limited Data
Based on 2 listings
Low
$28,146
Estimated Value
$40,753
High
$53,360
Inflation-adjusted to 2026 USD

Estimated Cost of Ownership

Based on 37.67ft LOA. Actual costs vary by condition, usage, and local rates.

$/ft/mo
Annual Maintenance
$2.5K – $6.6K
Hull, rigging, sails, engine service
Annual Docking
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Annual Insurance
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Known Issues & Pre-Purchase Inspection

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

3 critical4 major4 minor
Keel4Structural3Engine1Deck1Hull1Plumbing1

Unlock the full inspection report

Thinking of buying a MORGAN 38? 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 11 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 MORGAN 38?

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, Perkins, Kubota β€” is it one of these?

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

Used sails that fit the MORGAN 38

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