40' Island Packet 1994



To Learn More Contact

Frank Wise



Full Name *
Email *
Phone Number *



40' Island Packet 1994 Pengelly


Pengelly is a VERY Nice Example of the Island Packet 40...

One of the Best Bluewater Cruising Models on the Market!

Pengelly Has Been Constantly Maintained and Upgraded by the Current Owners. 

Island Packets are made for cruising and Pengelly is one of the best examples of this of this model that you will find on the market today. This cutter rigged boat is the perfect size for a cruising couple with loads of room left over for guests and family. Pengelly is priced very competitively and her owners are motivated and ready to sell. Have a look at the photos and her nice list of specifications and upgrades then give us a call today to schedule an appointment for a showing. Tomorrow could find you cruising the world in one of the industry's "Premier Cruising Boats" with the complete peace of mind that comes with Island Packet quality.

  • Tides Marine Mainsail Track installed 2019
  • NEW FIBERGLASS WATER TANK (built by Island Packet)
  • Mainsail and Genoa by North Sails with lazy jacks and sail pack NEW 2013/2014
  • Improved Single Line Reefing System
  • Standing Rigging new in 2010 (redone and improved in 2012)



Island Packet


Cruise Speed:


Max Speed:


Range NMI:



12' 11"

Engine Details:

Yanmar 4JH2BE

Engine 1:

3150.00 HRS 55.00 HP

Engine 2:

3150.00 HRS 55.00 HP

Engine Fuel:

Inboard Diesel

Fuel Capacity:


Water Capacity:




A very inviting and comfortable layout perfect for the cruising lifestyle. Upon entering you'll find a molded slip resistance cabin sole extending throughout the companionway, galley, head, and nav station area. The interior is varnished furniture quality teak. The salon and staterooms have a warm varnished teak & holly sole. A removable teak grate and dust pan is at the base of the companionway stairs. Beneath is access to the bilge sump. The large wrap around galley is to port. (see more detail below). Just forward of the galley is a full size hinged navigation table with generous storage tray beneath, generous hullside storage cabinets, and the ship's electrical/breaker panels. The comfortable salon has a large L-shaped settee to starboard which can be quickly converted to a double berth with built-in pullout panels. Another full size settee and cedar lined hanging locker are to port. The main salon spans the entire beam of the yacht, imparting a spacious feel while still providing tons of storage (something Island Packets are famous for). A foldaway bulkhead mounted table retracts for an unobstructed socializing area. When fully opened the table will accomodate a large group and reveals a built-in bottle and glass storage rack. Forward is the full width owner's stateroom featuring an oversized offset double berth, full length shelf, large hanging locker, very roomy bureau storage bins, and a bank of six deep drawers. All storage areas are cedar lined. Adjoining the master stateroom is a private head with a shower & large teak shower seat, full compartment shower curtain, stylish wraparound vanity, lots of storage, and a large mirror. The roomy aft stateroom is equally inviting with a huge double berth, dressing seat, generous cedar lined hanging locker, and storage bureau with deep bins. The centrally located aft head has access from the aft stateroom and the companionway area. It features a full length mirror, wraparound vanity, generous storage, bulkhead mounted shower and teak seat, and track mounted shower curtain.

  • Upholstery replaced in 2009/2010 and in good condition
  • (13) Opening Screened Ports
  • (7) Deck Screened Hatches
  • (4) Dorade Vents
Galley Details

Large wrap around galley full of detailed features that make it both convenient and safe underway. Teak sea rails on all edges. Tons of storage including teak dish rack, cutlery drawers, large storage areas above and below counter, storage drawer, and dry storage locker.

  • Princess 3 Burner Propane Stove/Oven
  • Aluminum LPG Tanks in Deck Storage Well
  • Pot & Pan Locker Under Stove
  • Customized Refrigeration with reduced size box, 1.2 cubic' freezer and water and air cooled Danfoss unit (consumes less than 5 amps and runs less than most units)
  • Microwave Oven
  • Double Stainless Steel Sinks
  • Pressure Water System w/ Water Heater
  • Manual Pump at Sinks
  • Trash Bin


  • Advansea Wind, Depth, and Speed Instruments
  • Noland Multiplexer with USB Computer and NMEA Talker Outputs
  • Simrad NSS8 Chart Plotter and Radar Display at Helm
  • Simrad 4G Radar
  • Northstar Autopilot with very reliable Hydraulic Ram (new pump in 2018)
  • Two ICOM VHF Radios (Helm and Nav Station)
  • ICOM M700 Pro SSB 
  • AIS Transceiver 
  • Two High Level Bilge Alarms Sound and Strobe
  • Ritchie Compass
  • VHF Radio
  • LCD TV with DVD and HDMI input
  • Stereo with CD and Bluetooth Inputs

Well insulated engine compartment with premium lead lined foam insulation. Gasketed access cover and doors with good access from all angles. 
Deluxe electric panel at nav station with battery switches, circuit breakers, reverse polarity protection, indicator lights, electric pump controls, LPG control, battery charger control, etc.

  • 50HP Yanmar Diesel has New Engine Mounts and Heat Exchanger
  • Racor Fuel Filter
  • 3 Blade Fixed Prop
  • 16,000 BTU Air Conditioning with ducting for all cabins
  • Manual Heads
  • Direct Overboard Discharge, Bypass Valves
  • NEW HOLDING TANK in 2012/2013
  • (3) Automatic & Manual Bilge Pumps
  • Recessed Cockpit Instrument Panel with Guages
  • Watermaker
  • 3.5 KW NEXTGEN Diesel Generator, water cooled and power ventilation.
  • Three Solar Panels and Controllers (total capacity 325-350 watts)
  • Four T105 House Bank Batteries and Two 12V Gel Cells for Engine Start
  • Most lighting replaced with LED's
  • Numerous 12V Outlets
Deck and Cockpit Details
  • Custom Fiberglass Swim Platform with built in swim ladder
  • NEW Bimini and Dodger 2019 built by Antigua's Best Canvas Company
  • NEW Cockpit Cushions in 2019
  • Kato Dinghy Davits with 6-part hoisting lines
  • Achilles 9.5' Dinghy with 9.9 Tohatsu Outboard
  • Edson Outboard Crane
  • Lofrans Tigres Electric Anchor Windlass
  • Primary Anchor 45# Delta with 200' 3/8 BBB Chain plus 200" 5/8 Nylon Rode
  • Secondary Anchor Bruce 33# on chain and nylon rode
  • Mosquito screen companionway
  • Drop Leaf Cockpit Table & Drink Holder
  • Cockpit Shower
  • Cockpit Ice Box
Sails and Rigging
  • NEW CHAIN PLATES (2012/2013)
  • Tides Marine Mainsail Track installed 2019
  • Standing Rigging replaced in 2010 (redone and improved in 2012)
  • Winches Factory Standard PLUS Two Lewmar 16ST on Coaming for Staysail and Genoa Reefing
  • North Mainsail
  • North 130% Genoa with Rope Luff
  • North Staysail
  • 90% High Cut Jib (recut from old Genoa by North by North)
  • NEW FIBERGLASS WATER TANK built by Island Packet and installed by one of Antigua's best yacht refit companies to factory specs with no external signs of the work.
  • EXTENSIVE SPARE PARTS, cleaners, blocks, lines, etc.
  • Manual watermaker, life jackets, flares, plugs, jacklines, and miscellanous safety gear
  • Parachute anchor (no halyard)
  • Various household items

Owner's personal items not listed here are not a part of the sale. Details of this vessel are offered in good faith but we cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. While efforts are made to keep this listing up to date, information provided at the time of listing is subject to change if the vessel is on the market for an extended time.  A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

This listing is presented to you courtesy of a member of the International Yacht Brokers Association and may be centrally listed with another broker. It is offered as a convenience by this broker/dealer to its clients and is not intended to convey direct representation of a particular vessel.

The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

Other Yachts for Sale


41' CT 1973

San Carlos, Sonora Mexico


45' Sea Ray 2001

Bayport, Minnesota


40' Silverton 1988

Cape May, New Jersey