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38 Island Packet 1988 Boat for Sale

Lone Star

ASKING PRICE: $109,900 Watch Price

Pensacola, FL

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Lone Star Boat | 38' Island Packet 1988

$90,000+ IP Factory Refit in 2015!

NEW CHAINPLATES + FIBERGLASS TANKS + MUCH MORE!


Lone Star is a well maintained blue water cruiser that punches far above its weight class. While officially 38 feet, the clever layout—featuring two private staterooms, two heads, and an expansive galley—gives the vessel the interior volume of a much larger yacht.

It is rare to encounter a boat of this vintage backed by such an extensive 10-year refit history. A deep dive into the specifications reveals a vessel that has been consistently upgraded for peak performance. Safe, comfortable, and ocean-ready, Lone Star is prepared to take her next owners to any horizon they can imagine.

Denison Yachting - San Francisco is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Edwards Yacht Sales.

Denison Yacht Sales offers the details of this yacht in good faith but can’t guarantee the accuracy of this information nor warrant the condition of this boat for sale. This yacht for sale is offered subject to prior sale, price change, or withdrawal from that yacht market without notice. She is offered as a convenience by this yacht broker to its clients and is not intended to convey direct representation of a specific yacht for sale.

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Lone Star HIGHLIGHTS

Lone Star additional information

Specifications
  • Beam: 12' 8''
  • Hull Material: Fiberglass
  • Max Draft: 5' 0''
  • Displacement: 21,500 lb
  • Fuel Tank: 1 x 57|gallon
  • Fresh Water: 1 x 187|gallon
  • Holding: 1 x 30|gallon
  • Cabins: 2
  • Heads: 2
Refit History

2015 Island Packet Factory Refit:


  • NEW CHAINPLATES

  • NEW Fiberglass Water Tanks

  • NEW Fiberglass Holding Tank 

  • NEW Low profile Deck Hatches

  • NEW (2) Freshwater Elegance Electric Heads

  • NEW Lewmar Windlass 

  • NEW Stern Rail Seats

  • Rebuilt Rudder 

  • Replaced Engine Mounts 


2017 SAILS:

  • Quantum Mainsail (2017)

  • Quantum Genoa (2017)

  • Quantum Staysail (2017)

  • Harken Roller Furlers (2017)

  • Quantum A3 Cruising Spinnaker on Schaefer furling (2015)


Accommodations

Accommodations


The interior of the Island Packet 38 features a large forward and aft staterooms and a spacious central salon.


Beginning forward is an anchor locker in the bow accessed through the forward head. The forward head compartment has a sink with vanity, shower with wrap-around curtain, electric-flush fresh water marine toilet, plenty of storage, two opening ports and an opening hatch. Next aft is the spacious master stateroom with large Pullman berth to starboard and hanging locker and cabinets to port. There are four large drawers under the berth. This stateroom is well ventilated with four opening stainless ports and an overhead hatch.

Next aft is the roomy main salon with Island Packet's signature bulkhead mounted fold-up dining table. To starboard is an L-shaped settee that converts to a Queen berth and also provides seating for the aft-facing nav station. To port is a straight settee. There is an incredible amount of storage beneath and behind both settees.Cushions are covered in ultra leather upholstery in good condition.

The aft facing nav station is quickly accessible from the cockpit and allows easy communication with the helmsperson.

Across from the nav station is the aft head with sink, vanity, shower with wrap-around curtain, and electric-flush fresh water marine toilet. This head has a private entrance from the aft cabin as well as the salon.

To starboard the companionway is the large U-shaped galley with deep double sinks, 3-burner LPG stove with oven, deluxe teak dish racks,  and cutlery drawers.

To port of the companionway is the entrance to the spacious aft stateroom with wide double berth, dressing seat, bureau and cedar-lined hanging locker, two opening ports, and opening hatch.

  • Salon Upholstery is Ultra Leather in good condition

  • Berth Cushions - NEW Foam and Upholstery in 2015

Full Specs

Galley Details


The large wrap-around U-shaped galley is convenient to both cockpit and salon yet out of companionway traffic.  The IP factory refit including the installation of a New Water Tank in 2015.  All three faucets (galley sink and both head sinks) were also replaced by the IP factory.


  • 3-burner Princess LPG stove w/oven, gimbaled

  • (2) 10lb LPG Tanks

  • Built in Refrigeration Space Converted to Dry Food Storage (Need new Compressor/ evaporator to use as refrigerator)

  • Engle 12V ICE chest (NEW 2022)

  • 2015 Seagull Water Filter at galley sinks

  • Double Stainless Steel Sinks 

  • Hot/cold pressure water system

  • Formica counter tops

  • Excellent storage with cutlery drawers, plate racks, dry storage, etc.

  • Manual Hand-Pump fresh water system at galley sinks


Electronics


  • Raymarine e95 9" Series HybridTouch Multifunction Display 

  • Raymarine a65 5.7" Multifunction Display with Wi-F at navigation station

  • Raymarine i70 Multifunction Color Display

  • NavPod GP1080 at helm for e95, Autopilot Controller, i70 and Windlass Controller

  • Raymarine AIS 650 Class B Transceiver

  • Raymarine AIS 100 Antenna Splitter

  • Raymarine i50 Speed Display w/Transducer

  • Raymarine i50 Depth Display w/Transducer

  • Raymarine i60 Wind Display w/masthead Transducer

  • NavPod GP1301 for mounting instruments over companionway on stainless steel bar 

  • Raymarine ST6000+ Autopilot (Refurbished 2022)

  • Stereo System with speakers in salon and cockpit

  • External cell signal antenna , booster, WiFi router (2020)

  • VHF In Cockpit (2022)


Electrical and Mechanical


  • Yanmar 44hp 4JHBE w/ 1622 hours 

  • Battery bank - 240 amp hours (2025) (room for 2x more batteries)

  • Victron battery monitor system (BMS) (2020)

  • 400 w solar w / mounts (2025)

  • Victron MPPT solar charge controller (2020)

  • Racor 500FGSS   Primary Fuel Filter with water separator  

  • Xantrex Statpower Prosine 1800-watt Inverter (2015)

  • Raritan Crown II Battery Charger

  • Marine Air 16,000 btu Air Conditioning

  • 3-Blade bronze Propeller, Michigan brand, 17X16 RH

  • (2) Raritan Marine Elegance Electric Flush Freshwater Toilets (2015)

  • Rule Heavy Duty Bilge Pump with Ultra Safety System (2015) 

  • New Sump Pump and Fresh Water Pump by IP Factory (2015)

  • Balmar High Output Alternator (2021)

  • New Regulator (2021)

  • Filters and impeller replaced annually 

  • New heat exchanger assembly (2023), mixing elbow

  • Engine Hoses replaced (2020)

  • Engine Control cables (2021)

  • Engine panel (2021)



Deck and Exterior Features


  • New stern pulpit with "stern perch" seats installed by Island Packet factory during refit in 2015.

  • 2015 All New Lewmar low-profile Hatches installed by IP Factory

  • 2015 Lewmar VDC Electric Anchor Windlass with Foot Controls at bow and Remote Control at helm (2015)

  • Delta 44lb Anchor w/ 250’ chain (2021)

  • Bruce 33lb Anchor on chain and nylon rode

  • Anchor Washdown System (saltwater)

  • Outboard Motor Hoist with Tackle (2021)

  • Custom Teak Cockpit Table by Island Packet (2015)

  • Mast Boot (2015)

  • Cockpit Cushions

  • Assorted Dock Lines, Fenders, etc.

  • Polycraft 300 Tuffy dinghy (2021)

  • 9.9hp Tohatsu Outboard  (2021)

  • Dinghy Davits

  • Windlass serviced (solenoid replaced 2024)

  • Cutlass bearing (2020) 

  • Magma grill (2020)

  • Refurbished muffler (2020)

  • Thru hulls below waterline Replaced  (2020) 

  • LPG solenoid and tank valves replaced (2022-2024)

  • Bottom painted, prop speed (2022)

  • Refurbished britework (2026)

  • Bimini (2023)


Sails and Rigging


  • Quantum Mainsail (2017)

  • Quantum Genoa (2017)

  • Quantum Staysail (2017)

  • Harken Roller Furlers (2017)

  • Quantum A3 Cruising Spinnaker on Schaefer furling (2015)

  • Stack Pack w/ Integrated Lazy Jack System (2023)

  • Karver K2 Top Down Furler for A3 Spinnaker (2016)

  • Whisker Pole

  • New Traveler System installed by IP Factory (2015) 

  • New Chain Plates by IP Factory (2015)

  • Rudder Rebuilt by IP Factory (2015)

  • Tide Marine Tide Track System (low friction sail track) (2014)

  • Running rigging new (2023 - 2025)

  • Restitched sails with gortex thread (2024)

  • Companionway slides replaced (2024)

  • Standing Rigging inspected  (2024) 



Safety


  • ACR EPIRB w/ Hydrostatic Release

  • Fireboy Halon model 1301 Automatic Fire Suppression System

  • Lifesling MOB Retrieval System

  • Horseshoe-type Throwable PFD, Type IV 

  • Firdell Blipper Radar Reflector, mast mounted

  • Smoke Detector 

  • LPG Fume Detector


Full Specs

Brokers comments:


Lone Star has benefited from several massive updates and refits over the past 10 years.   All of the big expensive projects have been completed.   As she sits today, the boat is ready to go back to coastal cruising.   


The built in refrigeration has been removed in order to provide additional dry storage, and a 12V Engel 45qt chest refrigerator provides a good amount of cold storage.   Reinstalling a built-in compressor and evaporator is not a complicated project if her new owner wishes to have it back to its original functionality.   She also has room for 2 more batteries in order to double the AH rating of the house bank. 


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