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PEGASUS Boat for Sale

40' Custom | 1989 | $350,000

Bayboro, NC

Pegasus Boat | 40' Custom 1989

Pegasus is offered by her original owner after > 100,000 sea miles put on over 35 years visiting the island nations, and coral reefs of the world, including Venezuela, Colombia, Ecuador, Central America, Panama, Kuna Archipelago, Taboga, Marquesas, Galapagos, Tuamotus, Tahiti, Riatea, Tahaa, Huahine, Bora bora, Samoa, Wallis, Fiji, New Zealand, New Guinea, Hermits, Louisiades, Trobriands, New Britain, New Ireland, Bougainville, New Caledonia, Vanuatu, Solomons, Philippines, China, Malaysia, Thailand, Sri Lanka, India, Seychelles, Maldives, Comorros, Chagos, Madagascar, South Africa, Namibia, St. Helena, Fernando de Noronoha, Bermuda, West Indies, Azores, The Algarve, Balearics, Morocco, and the Med.

Pegasus completed every mission assigned, many in regions far away from maintenance facilities, remaining on station for months at a time, completing a 35 year, world wide research program. She is for sale because the research schedule is complete, and the Institute has moved on to other assignments

Denison Yachting is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Beaufort 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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Pegasus HIGHLIGHTS

  • Yacht Details: 40' Custom 1989
  • Location: Bayboro, NC
  • Engines: Perkins
  • Last Updated: May 3, 2024
  • Asking Price: $350,000
  • Maximum Speed: 8 kn
  • Max Draft: 4' 6''

Pegasus additional information

Specifications
  • Cruising Speed: 7 kn
  • Maximum Speed: 8 kn
  • Beam: 13' 0''
  • Hull Material: Aluminum
  • Max Draft: 4' 6''
  • Displacement: 44,800 lb
  • Fuel Tank: 1 x 300|gallon
Deck And Hull

  • All welded aluminum construction
  • Eleven tons of lead ballast in keel
  • Reinforced bow for breaking ice
  • Cut-away full keel
  • Twin center boards
  • Large ship-type rudder
  • Protected propeller aperture
  • Five watertight bulkheads divide vessel into six compartments
  • Flush deck forward of wheelhouse
  • Four large deck boxes
  • Stanchion bases and chain plates attached to the top of toe rail
  • Tank fills on top of bollards
  • Water fills on the pilothouse
  • Ten Dorado vents
  • Three deck hatches
  • Eight opening ports
  • Six opening windows
  • Pilothouse doors and roof hatch
  • Water tank vents terminate inside Dorade boxes
  • Fuel vents terminate in the davits aft
  • Wet lockers to port and starboard
  • Pedestal mounted windlass
  • Wide uncluttered decks without any penetrates
  • Waist high triple life lines
  • Spectacular bowsprit
  • Integrally welded hatch coamings with side flaps
  •  
Below Deck

  • Separate ventilated engine room with Halon fire system 
  • Owner's cabin aft of the engine room features a double berth to starboard, desk and settee to port
  • Four steps above the engine room to the pilothouse with steering station
  • Helmsman's stool, large chart table and abundant storage
  • Pilot berth and settee
  • Forward and down six steps to the main salon featuring dinette and hanging locker to port, settee and pilot berth to starboard
  • Full head and U-shaped galley moving forward
  • Double gimbaled kerosene stove
  • Engle refrigerator/freezer and ice box
  • Pressure water
  • Water heater
  • Forward guest cabin/laboratory
  • Two bunks/bench seating with storage beneath
Electronics And Navigation

123

Electrical And Mechanical

123

Additional Information

  • Hard dinghy seats six with two rowing positions
  • Honda 2.3 four stroke outboard
  • Halon fire extinguishers (3)
  • Class III EPRIB
  • Type 1 PFD (6)
  • Bauer junior dive compressor with spares
  • Size 80 aluminum dive tanks (3)
  • Size 120 aluminum dive tank
  • Regulators (2)
  • Snorkels (s)
  • Wet suits (2)
  • Fin sets (2)
  • Underwater strobes (2)
  • Underwater cameras (4)
  • Weight belts (2)
  • Dive knives (2)
  • Dive compass

 

Sails And Rigging

  • All hank-on sails
  • Storm sail on separate track
  • Jumper strut eliminates need for running backstays
  • 450 sq ft Yankee
  • 350 sq ft staysail
  • 450 sq ft mainsail with two reefs
  • 1200 sq ft cruising chute with sock
  • 700 sq ft tri-radial drifter
  • #1,2,3 Yankee jibs
  • #1,2,3 staysails
  • Mainsail (2)
  • Storm Trysail
  • Storm Yankee
  • Storm Staysail
  • Heavy duty standing rigging
Owner Notes

Her LWL is 36 ft, LOD 45 ft, Beam at sheer 13 ft, draft 4’ 6”, tandem centerboards, 25 tons displacement. Her centerboards are epoxy coated 5/4” Series 5000 aluminum plate. Centerboard pins are 6/4” glass filled nylon. Centerboard sheaves are Delrin riding on epoxy glass rod pins. Centerboard pennant(s) are Dacron double braid. Centerboard trunks are ½” aluminum plate, epoxy coated. There are no dis-similar metals in the Centerboard trunks.

Her 1200 sqft working rig consists of 450 sq ft #1 Yankee, 350 sq ft #1 staysail, 450 sq ft Main with 2 reefs. She carries a 1200 sq ft cruising chute with sock, 700 sq ft tri-radial drifter, nos 1, 2, & 3 Yankee jibs, nos 1, 2, 3 & 4 staysails, 2 mains, Storm Trysail, Storm Yankee, Storm Staysail, enough double braid to replace her running rigging, enough three strand nylon to replace her anchor warps & mooring lines, spare cloth, needles, hanks, slides, thimbles etc to repair/refurbish her sails, and a complete set of replacement Harken blocks. Her standing rig supports a 50 ft long deck stepped 11” X 8” - [1/4” wall] deck stepped mast with jumpers at the upper spreaders, standing rigging consists of 2 standing back
stays, Jib stay, Staysail Stay, fore and aft lowers, intermediates, and upper shrouds all of 3/8” 1X19 type 316 Stainless Steel wire rope terminated in bronze poured sockets, tensioned by chromed 5/8” open bronze turnbuckles secured with stainless cotters. The standing rigging is 40% stronger than specified by the designer. The mast section, mast tangs, fittings, chain plates, rigging screws, toggles, and wire are all sized for the higher load rating. In consequence, all components are operating at loads far less than normal, with consequent fatigue non-existent.

All chain plates are integrally welded as part of the hull structure, and the holes for the pins are bushed with type 316 stainless steel bushings, which is why after 35 years ocean service spanning all 5 oceans and 19 seas, none are ovaled.

Her bobstay is a custom 7/8” rod secured in custom fittings drilled for 1 1/8” pins as specified by the designer.

She is ventilated by 8 – 5” dorade cowl vents, 2 – 4” dorade cowl vents, 3 maurice-griffiths double coaming hatches, sliding roof hatch in wheelhouse roof, 8 opening portlights, and 6 opening wheelhouse windows. Her engine is a Perkins 4-236 driving a 30” variable pitch three bladed Hundested VP-2 variable pitch propellor. Pitch adjustment is via a handwheel on the aft port corner of the
chart table. Note the generous aperture and clean knife edged termination of the keel, which maximizes water flow. This propellor is 62% efficient, permitting Pegasus to power From Bermuda to the Azores, on her 300 gallons of internal
tankage. Engine and drive shaft are offset 2 degrees to port to counteract propellor torque, which is why she goes straight under power with neutral helm.
Throughout her life, Pegasus has had virtually no problems with sludge deposits in her fuel tanks. During construction her fuel tanks were fabricated of ¼” 5000
Series Aluminum plate on the bench, with open corner fillet welds. The finished tanks were pressure tested and the welds dye checked to ensure no potential leak points existed. The tanks were then strapped to the frame after the hull was insulated. The tank fills were constructed as shown in the adjacent plan, with the
exception of the liner being made of SS 316 woven mesh, and the tube capped with a 3” camlok coupling with the fill tube entering from the side at a 45 degree angle:

The propulsion system, consisting of engine, reduction gear, pitch control unit, and propellor was designed to operate at efficiencies > 60% over a speed range of 5-8 knots, with the engine operating at max torque, as shown in the 4-236 power curve… 5 Knots = 1000 rpm… 6 knots=1200 rpm… 7 knots = 1500 rpm….. 8 knots = 1800 rpm… The prop is driven by a Newage PRM 730 cast iron cased reversing gearbox in 3:1 reduction.

The engine is fed fuel from 4 tanks totaling 300 gals, filtered by parallel Dahl primary filters, and polished by a Perkins final filter. This engine has 17,000
operating hours, during which it has been maintained, and upgraded, including 100 amp externally regulated alternators, fresh water cooled exhaust manifold, 12” oil and transmission coolers, shaft oil seals, raw water and fresh water pumps, impellors, air filters, and lube oil sump pump. The engine drives the ship at 7 knots @ 1500 rpm with 40# oil pressure, at < 180 deg coolant temp, with no smoke. Tanks can be internally inspected through the fills, and are clean. Engine room is protected by a built in Halon fire suppression system, has standing headroom, is accessed via a 6 dog water tight door, 3x4 ft overhead hatch in wheelhouse floor, and 2x3 ft two dog door providing access to the adjacent sail bin. The engine room is ventilated separately from the rest of the ship. In consequence, the accommodation is sweet smelling, while all engine room odors exit to the outside via the separate vents. The entire engine room is faced with 2# / sq ft lead foil encapsulated both sides with 2” fiberglass batts. The pilot house is
quiet under power because of this.

The large hatch directly above the engine, with a sliding hatch in the wheel house roof directly above, enables removal of the engine for work in the shop. This was planned from inception. In short, the engine has lots of life left, should it need rebuilding, it can be removed to the shop for complete overhaul at reasonable cost. Likewise the PRM 730 gearbox with it’s cast iron case, operates well below it’s design limit, and should last the life of the boat, but can be refurbished with parts from inventory, or in the shop with parts kits.

The Hundested pitch control unit likewise is designed to last the life of the boat, but can be refurbished by the factory, should that prove necessary. The rudder is a symmetrical airfoil with parabolic nose and fish tail rear end. Pegasus steers straight under either power or sail, due to the engine being offset 2 degrees to port to counteract propellor torque. Her rudder response is proportional and crisp due to careful attention to rudder shape as specified by the designer. Her propellor shaft tube is lined with CPVC pipe, interference fitted. The photo shows this lining being reamed to accept her Thordon plastic stern bearing. Insertion of the CPVC liner followed reaming the entirety of the aluminum shaft tube to concentricity and straightness. 

Her pipe thru-hulls are lined with delrin tube, interference fitted, as well.

Her galley is U shaped, with ample counter space, cabinets, and 4 drawers. The stove is beneath a hatch which carries off heat and odor. 

She has a thwartships gimballed 4 burner LPG shipmate galley stove with oven, pressure water, water heater, Engle fridge freezer and Ice box.

The 12 drawers aboard are constructed with dovetail corners as shown… they are still tight today after 35 years of 24/7 operation. This attention to detail, is evident throughout her construction, which is why, after 35 years and > 100,000 miles, Pegasus retains full and complete functionality. 

The chain locker bottom(s) consist of aluminum slats welded inside the logitudinal frames so the chain does not lie against the hull plating.

The shower pan is ½” thick epoxy glass, hand laid. We know.. we made it…! The doors shown pen to give access to the pressure water system. The WC is a lavac
vacuum operated toilet actuated by a Henderson Mk V diaphragm pump, still made, parts still available today. 

Safety Equipment: 3 halon fire extinguishers… aft cabin…. Salon…. Forward cabin… Class III EPIRB… 6 type 1 life jackets… 6 water tight compartments… 5 water tight bulkheads


HVAC… 2 Dickinson diesel stoves… 3.5 “ of polyethylene foam insulation throughout...


Underwater research equipment:
Bauer Junior Dive Compressor with spares 3 size 80 aluminum dive tanks one size 120 aluminum dive tank 2 regulators 2 snorkels 2 wet suits 4 sets of fins 2 underwater strobes 4 underwater cameras 2 weight belts Dive knives Dive compass.


Her spares kit includes: spare set of injectors, 2 starters, 2 alternators, water pumps, gasket set, fuel pumps, spare cutlass bearing, spare steering ram, windlass spares, spares to rebuild any of her 13 Andersen winches, autopilot spares, spare compass, 2 sextants, radio spares, and electronics spares.
She has a Furuno GPS, W-H PB-3N autopilot, B&G Hercules depth sounder, Icom 802 SSB, Yaesu SSB, manual HF tuner, custom DC powered computer with Bullet WiFi antenna xcvr.


Chart coverage – world wide both paper and electronic


Navigational Publications: World wide – BA Pilots, List of Radio Signals, H.O. 249 American Practical Navigator, 2 volumes, Chart Kits & electronic charts US waters, Pilots of ICW Norfolk to the Keys.

She carries 6 anchors, set via an ABI two speed manual windlass, with two wildcats, sized for ½” BBB chain, as designed for Larry Pardey. The port shot is 75 ft and the Starboard shot is 125 ft of new ½” BBB chain. A 40 kg vulcan anchor is carried at the ready on the starboard 6” diameter roller. The windlass sits on a pedestal integrally welded to the deck. It’s flange matches that of the windlass with bolts joining the two, none of whom penetrate the deck.

Note the high toe rail, plated both inside and out, no ribs showing. Note padeyes strategically placed to enable kedging off. Note graceful curvature to front of forward house, deck camber.

Pegasus was insulated during construction with 3 ½” of closed cell polypropylene 2# closed cell foam insulation sheets blown with inert gas. This insulation is soft and is sound deadening, and acts as a vapor barrier, preventing migration of water vapor to the inside of the hull. She is heated with 2 Dickinson diesel heaters, gravity fed from a header tank in the engine room, and operable without
electrical power. She is comfortable aboard with snow on the deck.

The salon has > 10 linear ft of book shelves, an oil skin locker, lockers beneath the pilot berths, the settees, and the sideboard.

Her dinghy comes with two sets of oars, and is drained by an Elvstrom bailer. It has a double bottom, and is designed to shed water, providing a dry footing for milady’s shoes. Me showing off my new creation… built to my design… strip planked in cypress… covered in GRP. Seats 6.

Pegasus just underwent a complete refit. Results are evident in the above photos. The dorades have been replaced with new. The anchor chain and
main bower are new. Repacking the stuffing box, and replacing the fuel
filters will be done by the purchaser under our direction, so he knows it is done. The engine lasted 17,000 hours because we took care of it. 50 meters from her berth is a CAT engine shop. They will gladly R&R it for you, should you choose.

She is offered by her original owner after > 100,000 sea miles put on over 35 years visiting the island nations, and coral reefs of the world, including Venezuela, Colombia, Ecuador, Central America, Panama, Kuna Archipelago, Taboga, Marquesas, Galapagos, Tuamotus, Tahiti, Riatea, Tahaa, Huahine,
Bora bora, Samoa, Wallis, Fiji, New Zealand, New Guinea, Hermits, Louisiades, Trobriands, New Britain, New Ireland, Bougainville, New Caledonia, Vanuatu, Solomons, Philippines, China, Malaysia, Thailand, Sri Lanka, India, Seychelles, Maldives, Comorros, Chagos, Madagascar, South Africa, Namibia, St. Helena, Fernando de Noronoha, Bermuda, West Indies, Azores, The Algarve, Balearics,
Morocco, and the Med.


Pegasus completed every mission assigned, many in regions far away from maintenance facilities, remaining on station for months at a time, completing a 35 year, world wide research program. She is for sale because the research schedule is complete, and the Institute has moved on to other assignments.

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