38 Lyman-Morse 1994 Boat for Sale

Nellie

ASKING PRICE: $295,000 Watch Price

Westerly, RI

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Last updated Jun 23, 2025

Nellie Boat | 38' Lyman-Morse 1994

NELLIE (originally named CHENANGO and then LYRA) was built in 1994 by the highly regarded Lyman-Morse boatyard to be the ideal Downeast style cruiser for a couple, with fuel efficiency and comfort as the main priorities after “good looks” and “good lines”. Cabot Lyman, owner of Lyman-Morse, recommended the Detroit 4-71 TI for maximum horsepower (320) with minimal fuel burn. This has been a highly successful power plant, just as the builder predicted. She handles beautifully - is smooth riding, safe and dry. Her Detroit 4-71 TI 320 HP diesel engine provides outstanding performance with a comfortable 10 - 12 knot cruise and a top speed of 15 -16 knots. .

She is extremely well-equipped, has been meticulously cared for to the highest standards and consistently upgraded by her current and previous owners who have provided a very proactive and thorough maintenance regime. Noteworthy upgrades and improvements over the last several years by the current owner include:

2025

Rebuilt evolution driveshaft unit including new shaft, reconditioned coupler and reconditioned prop
New holding tank and all new head hoses
New main and generator battery
New engine room LED light fixture

2024

New Garmin GPSMAP 1243xsv, Garmin Fantom 18x White (radar dome), B60 50/200KHZ 12, MM Transducer, DT
New custom port and starboard spray rail

2014 - 2023

Replacement of upholstered cushions in the salon and cockpit (2014)
New wooden captain's chair and upholstery (2014)
New custom built swim platform (2014)
Fresh water conversion for the head (2015)
New Wesmar bow thruster (2015)
New macerator pump (2016)
Generator repair - replaced back end assembly and cleaned heat exchanger (2018)
Lifelines replaced (2022)
Awlgripped decks with cream nonskid. House sides, hardtop sides and all smooth exterior borders Awlgripped with matterhorn white (2022). Grey nonskid on house top.
Replaced lenses of two Bomar aluminum opening hatches - galley and forward cabin (2023)

For the past 11 years, she has been stored inside each winter with full care and professional service. She is currently available to be seen at your convenience in our temperature controlled storage facility a short drive from our office in Westerly, Rhode Island. She has fresh bottom paint, hull has been Awlcared, bow thruster propeller, thruster and tunnel area have been cleaned and painted, rudder and rudder shoe have been painted, intake strainers have been painted. She is ready to be launched for in-the-water commissioning.

Our highest recommendation, she is available to be seen at your convenience. NELLIE is lovely and this offering is a rare opportunity to own a boat built in the finest Maine tradition. Inquiries are invited.

Denison Yachting is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Watch Hill Yacht Services, LLC.

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.