1988 Island Packet 38

1988 Island Packet 38 — Re-engined, surveyed Above Average, and ready to cruise. I've owned and maintained this IP38 with care, and a December 2025 marine survey confirmed it: "a well constructed, appointed and comfortable vessel — capably captained and well-kept." The price has been adjusted to reflect that the chain plates are original. All 12 standing rigging attachment points (2 forestays, 2 backstays, 8 shrouds) tested solid at deck level, and I've never had any indication of a problem — but I want buyers to factor that in for themselves. KEY FEATURES: - Brand-new Yanmar engine (Feb 2024) — Yanmar 4JH45CR with KM35P transmission, only 400 hours, installed by an authorized dealer with a 3-year transferable warranty. New Black Dog 3-blade bronze prop, cutlass bearing, and shaft zinc all matched to the new drivetrain. - - Complete sail inventory — Quantum loose-footed main (2018), spare full-battened main in very good condition, roller furling 130% and high-cut 110% genoas, staysail, and storm sail. Island Packet's cutter rig means I always have a second headsail option, which adds real versatility offshore and in light air. - - Two-cabin, two-head layout with separate showers — forward master cabin has a queen Pullman berth with Tempurpedic pad and ensuite head with shower; aft cabin has a queen mattress (2019) and its own head with shower. The volume Island Packet builds into a 38-footer makes this feel genuinely spacious below. - POWER & DRIVE: Engine: Yanmar 4JH45CR, 45 HP, KM35P transmission — Feb 2024 Hours: 400 Alternator: 125 amp (Yanmar supplied, 2024) Fuel: Diesel, 57-gallon tank with monitor UPGRADES: - Electrical: 4 x 100 AH AGM batteries (2024), Renogy solar (2 x 100W flex panels, 40A controller), Xantrex 40A charger, Balmar Smartgauge, 60A galvanic isolator - - Dometic 16,000 BTU reverse-cycle heat pump (2018) and Balmar 120 diesel cabin heater (rebuilt 2021) - - Raritan Phase II toilets x 2 (2023), new Jabsco macerator (2024), premium blackwater hoses (2019) - - Force10 Gourmet Galley Range (2018), Sea Frost BD 12 refrigerator/freezer - - Total enclosure bimini with 2025 isinglass sides, windshield, and back - - Teak protected with Teak Guard finish (2024); teak cockpit table refinished with Cetol (2024) - - Running rigging (2019); standing rigging (2015) - - Pettit Triton Odyssey bottom paint (2023, overcoated 2026) - - 9'6" AB RIB hard-bottom dinghy (2018) with 9.9 HP Yamaha 4-stroke (2018) on St. Croix davits - - Three bilge pumps (Rule automatic, Whale electric, Whale Gusher TITAN manual) - - KIDDE Fyre Watch automatic engine room fire suppression system - - EPIRB, Lifesling MOB system, jack lines - ELECTRONICS: Garmin 7610 MFD chartplotter (NMEA 2000) Garmin CMAP remote plotter at nav station Garmin depth sounder and anemometer Cetrek autopilot with Raymarine HPU Emtrak AIS transmitter/receiver Icom M423 dual-location VHF Icom IC-M802 SSB radio Standard Horizon handheld VHF with DSC and GPS (2021) Ritchie magnetic compass FUEL & RANGE: Fuel: 57-gallon diesel tank with monitor Water: 157-gallon tank with monitor LOCATION: Bear, DE 19701 More Details Boat Details Description The first question most people ask is, " Are the chain plates original". The answer is yes. Though we have had no indication there is a problem and have always felt comfortable in how over built the IP38 is, we have reduced the price to recognize that prospective buyers may decide to change them at some point in the future. Our IP38 has 2 fore stays, 2 aft stays and 8 shrouds ( 4 pre side) so 12 in total all testing solid at deck level. Re-engined and very well maintained. Ready to enjoy! Marine survey done December 2025. Overall Vessel Rating: Above Average " The subject vessel .... was found to be a well constructed, appointed and comfortable vessel. The vessel is capably captained and well-kept. ENGINEYanmar 4JH45CR with KM35P transmission – Feb 2024(supplied by Mack Boring and installed by authorized dealer Marine Propulsion, Wadmalaw Island, SC. Warranty 3 year transferable) Engine hours 400C35 Control panel with tach, water temp gauge & oil pressure gauge (Diagnostic Troubleshooting codes show in the smart tach window) Alternator - 125 Amp (Yanmar supplied) – 2024Black Dog propeller – 3 blade 17” bronze, (matched to 2024 transmission) Cutlass bearing – 2024Propeller shaft zinc - 2024Twin Dahl water separator fuel pre-filters3 bilge pumps· Rule automatic high capacity,· Whale high capacity electric, and· Whale Gusher TITAN manual KIDDE Fyre Watch engine room marine automatic fire extinguishing system DECKSail Inventory· Quantum loose footed main - 2018· Spare full battened main in very good condition· Roller furling genoas – 130% & high-cut 110%· Staysail· Storm sail Lighthouse 1501 electric windlass60 lb CQR anchor with 220’ 3/8 galvanized chain20 kilo plow anchor with 270’ chain/rope rode Stern anchor with chain Fortress storm anchor with chain/rope rode Teak protected with Teak Guard finish - 2024Standing rigging – 2015Running rigging - 2019Spinnaker pole Jack lines SS dorads x 29’6” AB RIB hard bottom dinghy – 20189.9 hp Yamaha 4 stroke outboard engine – 2018St Croix dinghy davits Outboard engine davit HULLPettit Triton Odyssey bottom paint – 2023 and overheated with West Marine bottom kite in 2026 NAVIGATION EQUIPMENTNEMA 2000 System· Garmin 7610 MFD Chart Plotter· Garmin CMAP remote plotter (nav station salon)· Garmin Depth Sounder· Garmin Anemometer Cetrek auto pilot with Ray Marine HPUStandard Horizon handheld marine VHF with DSC & GPS - 2021Ritchie Mag Compass Emtrak AIS Transmitter/Receiver Icom M423 dual location VHFIcom IC-M802 SSB ELECTRICAL SYSTEM4 x 100 AH deep cycle AGM marine batteries – 2024Battery isolator60 amp Galvanic isolator – 2019Balmar Smartguage battery monitoring system Xantrax true charge 40 amp charger with remote monitor Renogy solar system – 2 x 100 amp flex panels, 1 x 40 amp charge controller30 amp shore power cables x 3, 50 amp adapter LED cabin lights Red night vision cabin lights White low level cabin lights COCKPIT AREATotal Enclosure Bimini with 2025 Isinglass sides, windshield and back Self-tailing winches x 6Regular winch Custom wrapped SS spoked wheel Teak folding table and drink holder (refinished with Cetol 2024) Weatherproof cockpit bench cushions and two Sunbrella comfort seats Magma Newport II SS marine BBQHand shower Rogue Wave Wi Fi booster Transom ladder TANKS & PLUMBING57 gallon diesel fuel tank with monitor157 gallon water tank with monitor30 gallon lined blackwater tank (2015) with monitor and Jabsco macerator (2024) Whale SS hot water heater (engine recirc and 110 volt) - 2019Raritan Phase II toilets x 2 - 2023Premium blackwater hoses – 2019 GALLEYForce10 Gourmet Galley Range - 201810 lb Aluminum Propane tanks x 2 – re-built and certified 2023Refrigerator/freezer with Sea Frost BD 12 compressor Sea Frost engine drive compressor (uninstalled) – 2023Culligan under sink point-of-use water filter ACCOMMODATIONSDometic 16,000 BTU reverse cycle heat pump with soft start – 2018Balmar 120 diesel cabin heater – rebuilt 2021Smart TV 32” flat panel in salon Linksys AC1900 router Custom cream N