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324data points analyzed by Sailpages.com to compile this MORGAN 382 buyer’s report
MORGAN 382

MORGAN 382

Morgan Yachts🇺🇸· Design: Ted Brewer/Jack Corey
$37,560 avg$19,900 – $61,000 (22 listings)1977–1982300 built
$2.5K – $6.6K est. annual maintenance
Offshore CruisermonoMasthead SloopFin

Specifications

Hull

LOA38.33 ft
LWL30.5 ft
Beam12 ft
Draft5 ft
Displacement17,000 lb
Ballast6,800 lb
Hull speed1.34·√LWL7.4 kn

Rig & Sails

Iforetriangle height46 ft
Jforetriangle base16.25 ft
Pmainsail luff40.5 ft
Emainsail foot14.5 ft
FLforestay16.3 ft
Mainsail690.9 sq ft
Jib (100%)373.8 sq ft
Spinnaker635.4 sq ft

About the MORGAN 382

First introduced as the MORGAN 38 though entirely different from the model by the same name that came out in 1969. Updated in 1981 with a taller rig, modified rudder, larger water tank, and numerous changes to the interior. Updated again in 1983, it became the MORGAN 384. Catalina Yachts purchased Morgan Yachts in 1985, but this latter model remained in production for another year. Approximately 500 boats were built under it's varying iterations.

Sailpages Buyer's Take

Designed by Ted Brewer and Jack Corey, the Morgan 382 was built by Morgan Yachts (USA) between 1977 and 1982, with a total production of 300 hulls. This heavy-displacement, fin-keel sloop is renowned for its robust construction and comfortable offshore performance, though owners frequently report significant maintenance challenges regarding the deck core and propulsion systems.

Best for:
This boat is best suited for serious bluewater cruisers and coastal adventurers who prioritize safety, comfort, and heavy-weather capability over high-speed performance. It appeals to owners willing to invest in rigorous maintenance, particularly regarding the deck structure and mechanical systems, to ensure long-term reliability.
Bluewater capability:
With a displacement of 17000.0 lb, a capsize ratio of 1.87, and a comfort ratio of 29.22, the Morgan 382 is highly capable offshore, offering exceptional stability and motion comfort in heavy seas, provided the critical structural and mechanical systems are well-maintained.
Comparables:
Comparable boats include the Cal 40 and the O'Day 38, which share similar displacement, beam, and heavy-weather cruising characteristics from the late 1970s and early 1980s. These vessels offer similar interior volume and offshore stability, making them direct competitors in the heavy cruiser segment.

Performance

Comfort29.2
Capsize1.87
SA/Disp16.2
Disp/Len267
Bal/Disp40.0

Estimated Value

Medium Confidence
Based on 17 listings
Low
$18,726
Estimated Value
$23,215
High
$26,532
Boats sell for ~0% below asking price (based on 1 actual sale) · Inflation-adjusted to 2026 USD

Asking price by model year

24 listings · boat years 19781982 · median $38,000

$0$20k$40k$60kmedian $38,00019801978 Morgan 382 · $42,000 · North Carolina, US1979 Morgan 382 · $28,500 · Florida, US1981 Morgan 382 · $34,500 · North Carolina, US1978 Morgan 382 · $24,500 · North Carolina, US1978 Morgan 382 · $39,900 · Virginia, US1979 Morgan 382 · $30,000 · New York, US1978 Morgan Yatchs 382 · $48,000 · New York, US1981 Morgan 382 · $32,000 · Maryland, US1981 Morgan 382 · $30,000 · Maryland, US1978 Morgan Morgan 382 · $38,000 · New York, US1979 Morgan 382 · $38,500 · New York, US1982 Morgan 382 · $59,000 · Florida, US1979 Morgan 382 · $39,900 · Connecticut, US1979 Morgan 382 · $55,000 · Outside United States1978 morgan 382 · $45,000 · California, US1979 morgan 382 · $35,000 · Florida, US1979 Morgan 382 · $61,000 · Outside United States1981 Morgan 382 · $44,000 · Maryland, US1978 Morgan 382 · $31,056 · North Carolina, United States1978 Morgan 382 · $39,870 · USA, North Carolina, New Bern1979 Morgan morgan 382 morgan · $30,900 · FL1980 Morgan morgan 382 morgan · $35,900 · GA1979 Morgan morgan 382 morgan · $29,900 · FL1979 Morgan morgan 382 morgan · $19,900 · CTAsking 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 38.33ft 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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Articles & Reviews

Known Issues & Pre-Purchase Inspection

15 reported issues across 6 systems for the MORGAN 382, compiled from owner reports in sailing forums and owner-association material.

7 critical7 major1 minor
Rigging5Structural3Engine3Rudder2Deck1Hull1

Unlock the full inspection report

Thinking of buying a MORGAN 382? 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 15 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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Engine Parts & Maintenance

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Used sails that fit the MORGAN 382

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