1987 Oyster 46.5
$145,000
Boat in Racine, WI 53402 US
46.5
1 Engine (Perkins)
46.2 feet
Diesel
Fiberglass/Reinforced
1987 Oyster 46.5
"Here Be Dragons"
LOA: 46ft 2in
BEAM: 14ft
DRAFT: 6ft 6in
DISPLACEMENT: 32,000 Lbs
FUEL: 120 Gal
FRESH WATER: 220-250 Gal (With Water Heater!)
HOLDING: ~26 Gal
Owner's Description
"This high-quality Bluewater boat is a well cared for example of the original Deck Saloon Oyster Yachts designed by renowned Naval Architects Holman & Pye. This 1987 Oyster 46 was purchased by the current owner from the Oyster Yard Ipswich England in 1995. She has been in the fresh water of Lake Michigan and stored heated since 2003. This boat is constructed with single skin GRTP supported by massive ribs and stringers. The center cockpit has a queen berth in the master suite, a bunk room and v-berth along with two heads each with separate shower spaces. The boat is cutter rigged with an encapsulated keel and skeg rudder.
This Oyster 46 deck saloon is perhaps the best-preserved early Oyster 46 existing. She shows as a much younger boat. The teak decks were removed and thousands of screw holes filled by Palmer Johnson in Sturgeon Bay WI in 2003. Then Palmer Johnson attached about 12 sheets of marine plywood with teak decking on top to the waterproofed deck using mostly glue duplicating the original teak deck. This refurbishment greatly lowered the typical water ingress risk of many teak decks while retaining the anti-skid and desirable appearance. The mainsail new in 2022 from Mack Sails has less than a handful of hours of use. Mack Sails also provided the genny sail about 10 years ago. The Genny has also seen few hours of use, though it is 8-10 years old.
This Oyster 46 is hull #21 of 25 constructed between 1981 and 1990. These boats were created for Blue Water comfort and safety. The ability to keep watch from indoors is priceless. Which explains the proliferation of deck saloon styled Oysters and other makes in subsequent years that copied this original design.
This Yacht was purchased by the current owner in 1995 at the Oyster Yards in Ipswich England and that owner sailed her across the Atlantic in 1996. This Yacht covers 150 miles in a typical day. She was then enjoyed in the Caribbean, US Gulf Coast and US East Coast until trucked to Lake Michigan in 2003 where infrequent day sails became the norm. Having seen little use in the past 8 years or so (sadly not launched at all in two of those years). It is time for this boat to find new owners.
The 82 hp Perkins 4236 is original and runs well."
Additional
Bow Thruster
Hot Water Heater
Galley
Two Stianless Steel Sinks with Hot and Cold pressure water
Stove/Oven with 4 burner top
Refrigeration and Ice Box
Engine
Perkins 4236 Diesel with 3 blade feathering prop
Electrical System
12 volt DC - Optima Group 31 in port settee
Four 6 volt batteries connected in series in bilge by Nav station
Xantrex XC3012 Charging system
Xantrex 12800 Watts Power Inverter
Shore Power - Two 120 volt, 50 amp inlets at transom
Electrical panels located at Nav station
Electronics & Navigation
Raymarine VHF
Raymarine HS5 display at Nav
Raymarine GPS at Nav
Raymarine ST7001 Autopilot
B&G displays in cockpit
B&G Depth
Plastimo Compass
Sails & Rigging
Main - Mack Sails , 2 years old , Like New!
Genoa - Mack Sails , ~10 years old , Good condition
Staysail from 1996 , Okay condition, likely serviceable
Infurling mainsail system
Two(2) Lewmar 44 and One(1) Lewmar 30, winches are in good condition
Price History
| Date | Event | Price |
|---|---|---|
| 8/4/25 | Price decreased | $145,000(-19.4%) |
| 6/28/25 | Initial price | $180,000 |
Overview from around the web 1987 Oyster 46.5
Customers praise the 1987 Oyster 46
5 for its exceptional craftsmanship and timeless design. Many highlight its robust build quality, spacious and comfortable interior, and excellent sailing performance, especially in challenging conditions. Owners appreciate the yacht’s blend of traditional elegance with practical features, making it ideal for extended cruising. The attention to detail in the fittings and the quality of materials used are often mentioned as standout points. Overall, the 1987 Oyster 46.5 is regarded as a reliable and luxurious sailing yacht that offers both safety and style on the water.
The Biggest Pros and Cons
The 1987 Oyster 46.5 is a classic bluewater cruiser known for its quality craftsmanship and strong sailing performance. Here are some of the key pros and cons of this model:
Pros
Solid Construction: Built with high-quality materials and expert craftsmanship, the Oyster 46.5 offers exceptional durability and longevity.
Comfortable Interior: Spacious and well-designed living quarters make it ideal for extended cruising, with ample storage and comfortable accommodations.
Excellent Seaworthiness: Designed for bluewater sailing, it handles offshore conditions confidently and safely.
Classic Aesthetic: Timeless design with traditional lines appeals to those who appreciate classic sailing yachts.
Good Sailing Performance: Balanced hull and sail plan provide satisfying performance both upwind and downwind.
Cons
Heavier Displacement: The solid build adds weight, which can result in somewhat slower speeds compared to lighter modern cruisers.
Maintenance: Older vessels like the 1987 Oyster 46.5 may require more ongoing maintenance and occasional upgrades to systems and equipment.
Limited Modern Amenities: Being a design from the late 1980s, it may lack some of the contemporary conveniences found on newer yachts.
Cost: Quality and reputation come with a price; maintenance and ownership costs can be relatively high.
Made For
The 1987 Oyster 46.5 is designed for experienced sailors and cruising enthusiasts seeking a sturdy, comfortable, and well-crafted yacht for long-distance voyages. It is ideal for those who value classic design combined with reliable performance, spacious accommodations, and exceptional build quality for extended offshore sailing and liveaboard adventures.
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Meet the Broker

Address
Boat Location
Contact Racine Riverside Marine, Inc.
950 Erie Street, Racine, WI, 53402



















































