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11data points analyzed by Sailpages.com to compile this MORGAN 461/462 buyer’s report
MORGAN 461/462

MORGAN 461/462

Morgan Yachts🇺🇸· Design: Henry Scheel
$89,959 avg$36,602 – $140,376 (7 listings)1979–1984162 built
$4.3K – $11K est. annual maintenance
Bluewater CruisermonoMasthead KetchFin
Morgan 46 Facebook page

Specifications

Hull

LOA46.5 ft
LWL39.25 ft
Beam13.5 ft
Draft5.25 ft
Displacement33,000 lb
Ballast8,398.5 lb
Hull speed1.34·√LWL8.4 kn

About the MORGAN 461/462

Updated Morgan 45. A collaboration between Morgan Yachts and Moorings. Scheel designed the hull (see Scheel 45). The deck and interior were designed by Moorings. The first 12 boats off the line were designated as MOORINGS 46. The next 35 were MORGAN 461. There are 114 MORGAN 462's (And finally one built was designated 463). The 462 had 3,000 lbs less displacement (as well as some other design changes not related to the information above). The ketch rig above was optional. Sloop rig was standard. Deep draft option: 6.0'/1.83m Similar versions were called MORGAN 46, MORGAN CUSTOM 46, MORGAN 463 among others. Also purchased and/or sold through THE MOORINGS charter company. Sloop or ketch. (Images are from a brochure for the MORGAN 462) Thanks to Skip Gundlach for clarifying a number issues with Morgan's of this generation and 'billmania' for other corrections.

Sailpages Buyer's Take

Designed by Henry Scheel and built by Morgan Yachts between 1979 and 1984, the Morgan 461/462 is a substantial ketch with 162 hulls produced. This data-driven synthesis relies on owner reports and listings, noting that no specific structural defects were flagged in the analyzed corpus.

Best for:
This vessel suits experienced coastal cruisers and those seeking a comfortable, heavy-displacement ketch for protected waters, given its 33000.0 lb displacement and 38.46 comfort ratio.
Bluewater capability:
With a low capsize ratio of 1.69 and high displacement of 33000.0 lb, the boat exhibits strong offshore stability characteristics typical of Scheel's heavy cruising designs.
Comparables:
Comparable boats include the Morgan 463 and other late-70s Scheel ketches like the O'Day 46, sharing similar heavy displacement, fin keel designs, and masthead ketch rigs.

Performance

Comfort38.5
Capsize1.69
SA/Disp13.7
Disp/Len244
Bal/Disp25.4

Estimated Value

Low Confidence
Based on 3 listings
Low
$69,662
Estimated Value
$107,190
High
$108,131
Inflation-adjusted to 2026 USD

Asking price by model year

8 listings · boat years 19791982 · median $103,193

$0$20M$40Mmedian $103,19319801981 Morgan 462 · $46,244,9651981 Morgan 462 · $36,602 · Virgin Islands, British1982 Morgan 462 · $104,368 · Canary Islands, Spain1982 Morgan 462 · $120,0001979 Morgan morgan 462 ketch · $74,900 · MI1979 Morgan morgan 461 · $49,9501982 1982 Morgan 462 · $102,6001982 Morgan 462 · $103,193 · Canary Islands, SpainAsking 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 46.5ft LOA. Actual costs vary by condition, usage, and local rates.

$/ft/mo
Annual Maintenance
$4.3K – $11K
Hull, rigging, sails, engine service
Annual Docking
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Known Issues & Pre-Purchase Inspection

1 reported issues across 1 systems for the MORGAN 461/462, compiled from owner reports in sailing forums and owner-association material.

1 minor
Deck1

Unlock the full inspection report

Thinking of buying a MORGAN 461/462? 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 1 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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