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Island Time III48' Formula 2012

Mentor, OH


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  • Yacht Details 48' Formula 2012
  • Location Mentor, OH
  • Engines Volvo Penta
  • Days on MarketInquire
  • Last UpdatedJun 28, 2021
  • Asking Price$649,000
  • Cruising Speed
  • Maximum Speed
  • Max Draft 3' 5''

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Denison Yachting is pleased to assist you in the purchase of this vessel. This boat is centrally listed by RCR Yachts.

Denison Yacht Sales offers the details of this yacht in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of this boat for sale. A yacht buyer should instruct his yacht broker, or his boat surveyors, to investigate such details as the buyer desires validated. This yacht for sale is offered subject to prior sale, price change, or withdrawal without notice.


  • Beam: 13' 11''
  • Hull Material: Fiberglass
  • Max Draft: 3' 5''
  • Fuel Tank: 1 x 350|gallon
  • Fresh Water: 1 x 100|gallon
  • Holding: 1 x 75|gallon
  • Single Berths: 4
  • Heads: 2

Island Time III Yacht Description

Freshwater boat with only 215 hours on the twin diesel engines!  Indoor heated storage each winter.  She looks incredible for the age.  Half the price of what a new Formula would cost, if you could even get one this season!  There are so many features and options on this boat, just loaded!  Commissioned, detailed, and launched to her summer slip in Ohio, she is ready for a new owner to enjoy.



Volvo Twin IPS 600 Diesel Engines (435HP each) with only 215 hours!

Dynamic Positioning System

Full Raymarine Suite of Electronics

Westerbeke 11.5KW Generator

HD Radar


Satellite TV

Cockpit A/C (30,000 BTU)

Cockpit Fridge and Ice Maker

Cockpit Grill


Stainless Steel Safe

Hydraulic Lift System with Jetboat Tender

Teak Vinyl Decking

Underwater Blue LED Lights

Sirius Satellite Weather

Seakey Boat Data/Security

Satellite Internet & Phone

Ultraleather Seats

Fuel Crossover Valving System

Blue Canvas with new isinglass

New forward sunpad canvas 


General Specs:

LOA: 48 ft 2 in

Beam: 13 ft 11 in

Maximum Draft: 3 ft 5 in

Bridge Clearance: 12 ft 10 in

Headroom: 6 ft 11 in

Deadrise: 18 ° at Transom

Dry Weight: 32500 lbs


Engines (2):

Engine Brand: Volvo Penta

Year Built: 2012

Engine Model: Twin IPS 600

Engine Type: Inboard

Engine/Fuel Type: Diesel

Location: Starboard

Engine Hours: 215

Engine Power: 435 HP



Fresh Water Tanks: (100 Gallons)

Fuel Tanks: (350 Gallons)

Holding Tanks: (75 Gallons)



Number of single berths: 4

Number of heads: 2



10-year Structural Warranty

Standard graphic & cockpit accent striping

Molded structural foam hull matrix

Chemically bonded & thru-bolted deck-to-hull joint

Custom gunwale w/1 1/2" stainless steel insert

Integrated bow platform

Concealed anchor davit w/fiberglass chain locker

Electric windlass w/chain counter, polished stainless steel anchor

Stainless steel hardware & 316L stainless steel welded rails

Custom Formula logo-cast cleats

316L stainless steel lighted bowrail w/pennant staff and mid-level lifeline cables

Polished stainless steel cabin hatch w/integrated Ocean Air rollout Sky screen & privacy shade

Six venting stainless steel portlights w/screens

Two oversized stainless steel portlights w/screens

Nonskid deck & walk-around coverboards

Two vinyl foam deck sunpads w/adjustable chaise backrests & 316L stainless steel rails

Coupe top w/tinted, tempered curved-glass windshield w/vented center walk-thru door & side vents

Large, motorized coupe-top sunroof

Windshield wipers & washers

Remote-control halogen searchlight

Polished dual air horn

Full-width swim platform, concealed stainless steel swim ladder, swim rails & pull-up cleats

Transom shower w/single-lever temperature control

Molded transom trunk w/pneumatic-assist hatch, line storage, fender rack & four fenders

240V shorepower w/fail-safe galvanic isolator & 50-amp cord

Dockside access cords for cable TV & telephone, city water inlet



Continuous molded cockpit liner

Molded in dash forward deck access steps with stainless steel handrail

Wood-finish instrument panels & brushed metallic accents

Dual electronic engine monitoring displays

Fuel gauges

IPS Drive-position indicator

Ritchie compass

Raymarine color graphic information display

Raymarine Autopilot with Display and Remote Control

(2) Raymarine GPS 12 inch Hybrid Touch chartplotters

VHF radio w/antenna

Electronic shift & throttle control

Volvo IPS joystick docking system

Steering wheel, wood and metal

Auxiliary 12V outlet

Illuminated waterproof accessory rocker switches with circuit breakers

Under-dash storage locker

Clarion weather resistant dash-mounted marine AM/FM/CD stereo w/high-power output

Six 150W 6 1/2" marine-grade speakers w/polished stainless steel grilles & separate tweeters, 600W amplification & 200W subwoofer

iPod/MP3 port

Hand-held remote-control w/blue/white/red LED courtesy lights & shorepower cord

Polished stainless steel drink holders

Dash & transom dual-switch cockpit/swim platform courtesy lighting

Integral 316L stainless steel safety rails

Weather-resistant cockpit seating

Twin command seating with dual-position helm & companion seats with storage compartment

Curved, extended port lounge

Mid-cockpit storage locker for cockpit tables and canvas enclosures

U-shaped lounge seating aft w/fiberglass-lined storage

Integrated side-entry boarding step

Aft sun lounge package w/two dual-height Corian tables & filler cushions

Molded wetbar/beverage center w/integrated sink, flush Corian countertop, polished stainless steel refrigerator, in-counter trash container, ice chest, 316L stainless steel rail & 120V outlet

Disconnect switch for auxiliary 12V power

PFD storage locker w/Corian countertop

Water system w/99-gallon capacity

Fire extinguisher

Custom patterned cockpit carpet

Pneumatic-assist curved transom door

Cockpit enclosure w/easy-mount zipper connections in blue Sunbrella canvas



Curved, sliding/locking cabin door

Woodgrain-finish entry steps

Twin custom skylights

High-gloss Deep Cherry finish cabinetry throughout

U-shaped Ultraleather sofa seating that converts to double berth

OceanAir pleated blind system in galley

Custom pillows

Adjustable-height high-gloss Deep Cherry inlaid dining table

Two Ultraleather pedestal dining stools

40" widescreen LCD HDTV w/Bose Lifestyle surround sound home theater system, five double-cube speakers & powered subwoofer module

iPod docking station

Clarion AM/FM/CD stereo w/changer control, 10-disc CD changer, four 150W 6 1/2" 2-way marine-grade speakers w/1,000W amplification, 8" subwoofer w/100W amplification & iPod docking station

Satellite Phone

Carbon monoxide detector

18,000 BTU reverse cycle air conditioner

Built-in WalVac sweeper system

L-shaped galley w/high-gloss Deep Cherry finish cabinetry, dovetailed hardwood drawers, full Corian countertop, double-bowl stainless steel sink w/swivel faucet, 2-burner electric stove w/flush Corian cover & safety shut-off switch, exhaust fan, brushed stainless steel convection/ microwave oven, coffee maker, 120V/12V upright refrigerator/freezer w/brushed stainless panels & concealed in-counter trash container

Lighted showcase w/wine rack, tempered stemware & tumblers

Fire extinguisher

Demand water system w/variable-volume pump & one-point water fill for freshwater tank and/or city water

120V water heater w/heat exchanger

Pocket entry door w/full-length mirror

Integrated OceanAir rollout Sky screen & privacy shade

Owners’ centerline bed w/ memory foam mattress, storage beneath & four dovetailed hardwood drawers

Custom quilted bedspread & pillow shams

Bed linens & two embroidered towel sets

Individual reading lights

Two cedar-lined hanging lockers w/automatic lighting

19" LCD HDTV/DVD combo player

Bose sound system w/Bose 161 speakers & remote control

7,000 BTU reverse-cycle air conditioner

Carbon monoxide detector

Owners’ private head compartment w/contoured, high-gloss Deep Cherry finish vanity, full vanity wall mirror, Corian countertop, vanity drawer, deep custom sink w/wall-mount faucet, overhead cabinetry storage, wall mirror, Corian flooring, exhaust fan and porcelain Vacu-Flush head unit w/holding tank & dockside pumpout

Separate shower compartment w/adjustable-height shower head, Corian seat, mirrored storage cabinet, towel bars, exhaust fan & Corian flooring

Private guest stateroom w/twin beds–adjust to queen bed w/hideaway filler cushions

Under-berth storage areas

Mirrored, cedar-lined hanging locker w/automatic lighting

22" LCD TV/DVD combo player

Private head compartment w/shower & porcelain Flush and Forget Vacu-Flush head unit

Vanity w/Corian countertop & stainless steel sink w/wall-mount faucet

Two embroidered towel sets

Operating systems electrical panel w/courtesy lights, 120V & 12 V monitoring panel, remote battery parallel emergency switch, generator control switching & freshwater tank gauge

Carbon monoxide detector



Twin diesel Volvo IPS 600 engine installation

Motorized hatch lift

Integrated quick-access engine hatch w/stainless steel ladder

Engine room lighting

Automatic fire extinguishing system

Remote 12V oil change system for engines & generator

Four starting and two auxiliary marine batteries w/battery retainers

80-& 40-amp battery charger

Low-noise rotary bilge blowers

Two automatic bilge pumps

Bilge high water alarm

QL trim tabs


Optional Equipment to Standard Spec:

Fuel Crossover Valving System

Dynamic Positioning System

HD Radar / T353 Camera 12


Satellite TV

Cockpit A/C (30,000 BTU)

Cockpit Fridge and Ice Maker

Cockpit Grill


Stainless Steel Safe

Hydraulic Lift System for Tender

Teak Vinyl Decking

Underwater Blue LED Lights

Sirius Satellite Weather

Seakey Boat Data/Security

Satellite Internet & Phone

Forward Cockpit Ultraleather

Auxiliary Shore Power Inlet

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