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Sailboat Specifications

Cabo Rico 38

Cutter · Long Keel

Designed by W.i.b. Crealock/Dennis Garrett · Built by Cabo Rico Custom Yachts, Inc. (Cr) · First built 1977

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LOA 38.00 ft  ·  Beam 11.50 ft  ·  Displacement 21,000.00 lb  ·  Sail Area 969  ·  Cutter  ·  Long Keel
About the Cabo Rico 38 Sailboat

Renowned for their exceptional build quality and traditional aesthetics, Cabo Rico sailboats earned a devoted following among serious cruising sailors, and the 38-foot model exemplifies the builder's commitment to craftsmanship. Built in Costa Rica during the 1980s and 1990s, these vessels represented a golden era of fiberglass construction when attention to detail and robust engineering took precedence over production volume. This mid-sized cruiser strikes an appealing balance between manageable size and comfortable accommodations, making it well-suited for extended coastal cruising and capable offshore passages. The design emphasizes seaworthiness over speed, with a full keel configuration that provides excellent tracking and stability in challenging conditions. Heavy displacement construction translates to a smooth, predictable motion at sea, though performance-oriented sailors may find the sailing characteristics more deliberate than sprightly. Cabo Rico's reputation for hand-laid fiberglass work and quality hardware installations means well-maintained examples often command strong resale values decades after launch. The interior layouts typically feature solid wood joinery and thoughtful storage solutions that reflect the builder's understanding of long-distance cruising requirements. For sailors prioritizing comfort, safety, and build integrity over racing performance, the Cabo Rico 38 represents a compelling choice in the vintage cruising boat market.

Market Price Estimate Beta
Small sample size. This estimate is based on fewer than 5 listings and may not be representative of the true market. Use with caution.
$50,000 – $50,000
typical asking price
Median $50,000  ·  1 listing used
All listings
$50,000 – $50,000 1
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Dimensions & Specifications
LOA (Length Overall) 38.00 ft / 11.58 m
LWL (Waterline Length) 29.25 ft / 8.92 m
Beam 11.50 ft / 3.51 m
Max Draft 5.00 ft / 1.52 m
Displacement 21,000.00 lb / 9,525 kg
Ballast 7,800.00 lb / 3,538 kg
Sail Area (Reported) 969
Design & Construction
Hull Type Long Keel
Rigging Type Cutter
Construction FG
Designer W.I.B. Crealock/Dennis Garrett
Builder Cabo Rico Custom Yachts, Inc. (CR)
First Built 1977
Number Built 200
Owner Reviews

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Engine & Accommodations
Fuel Capacity 55 gals / 208 L
Water Capacity 150 gals / 568 L
Frequently Asked Questions

How many Cabo Rico 38s were built and when did production end?

Approximately 200 Cabo Rico 38s were built by Cabo Rico Custom Yachts, Inc. in Costa Rica, making it a relatively rare vessel in the used market compared to production-line American cruisers of the same era. The 38 was among the builder's flagship models, produced from 1977 onward through the 1980s and into the 1990s. Cabo Rico built all their boats in small batches with hand-laid fiberglass construction, which kept hull counts low but quality high. The limited production run is one reason why Cabo Rico 38s retain strong resale values — you are unlikely to encounter a glut of competing listings at any given time, and the devoted owner community means well-maintained examples rarely sit unsold for long.

What is the Cabo Rico 38's comfort ratio and what does it mean for bluewater passages?

The Cabo Rico 38 carries a comfort ratio of 39.37, which places it firmly in the range considered suitable for offshore and bluewater passagemaking. Ted Brewer's comfort ratio scale rates anything above 38 as appropriate for ocean passages with acceptable motion comfort, so the 38 sits right at that threshold. This figure is driven by the boat's substantial 21,000-pound displacement on a 29.25-foot waterline — a heavy, narrow hull that absorbs seaway energy rather than slamming through it. Sailors who have crossed oceans on the Cabo Rico 38 consistently report a smooth, deliberate motion in steep chop. The trade-off is that the hull speed is capped around 7.25 knots, and the boat will not be rushed, but for a crew prioritizing rest and safety on long passages, the motion characteristics are a meaningful advantage over lighter, beamier alternatives.

Does the Cabo Rico 38's full keel cause any known problems with rudder damage or grounding repair?

The Cabo Rico 38's long full keel is both its greatest seakeeping asset and an area that deserves close inspection on any used example. Because the keel and rudder are integrated into a continuous forefoot-to-skeg-to-rudder profile rather than being separately bolted appendages, there is no keel-to-hull joint of the type that plagues fin-keel boats with rust weeping and delamination. However, the rudder on the 38 is hung on a skeg at the trailing edge of the keel, and hard groundings can transmit shock loads into the skeg-to-hull connection. Prospective buyers should probe the fiberglass in the skeg root area for soft spots or repaired impact damage. The Costa Rican hand-laid construction used generous glass schedules, so minor grounding damage is usually repairable without structural compromise, but deferred repairs in this zone can become expensive. Also inspect the keel sump area inside the bilge for any cracking or weeping that would indicate long-term stress.

What PHRF rating does the Cabo Rico 38 typically receive and how does it perform in club racing?

The Cabo Rico 38 is not a racing design and is rarely seen on PHRF starting lines, but when rated it typically receives a PHRF handicap in the range of 165 to 195 depending on regional measurement and inventory. That range reflects the boat's heavy-displacement, long-keel character: a sail area-to-displacement ratio of 20.45 is moderate at best, and the full keel generates considerably more wetted surface drag than a fin-keel cruiser-racer of comparable length. The hull speed of 7.25 knots is achievable in a fresh breeze, but the Cabo Rico 38 will not accelerate quickly in light air. Owners who enter their boats in club racing typically do so for the social element rather than trophy hunting, and most report that the boat performs to its handicap in 12 knots or more of true wind but loses significant time to lighter boats in sub-8-knot conditions.

Who designed the Cabo Rico 38 and how does the Crealock influence show up in the hull shape?

The Cabo Rico 38 was designed by W.I.B. Crealock in collaboration with Dennis Garrett. Bill Crealock is best known for the Pacific Seacraft 34 and 37, and his hallmarks are immediately recognizable in the 38: a clipper bow with moderate flare, a canoe stern, a long full keel with a cutaway forefoot, and a skeg-hung rudder. These features produce a hull that tracks exceptionally well without constant helm input and that maintains directional stability when running downwind in heavy air — a trait ocean voyagers value highly. Crealock's designs prioritize a forgiving, self-steering-friendly hull form, and the 38's modest beam of 11.5 feet relative to its 38-foot LOA reflects his preference for narrow, deep sections over beamy, shallow modern hulls. The result is a boat that heels purposefully rather than stubbornly resisting and then flopping, making it easier to balance under sail and easier to live aboard on a long heel.