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Cabo Rico 38
Designer: W.i.b. Crealock/Dennis Garrett  ·  Builder: Cabo Rico Custom Yachts, Inc. (Cr)  ·  First built: 1977
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About the Cabo Rico 38

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
Rate a listing price
$
About this estimate
  • Prices are based on recent asking prices from public listings — not actual sale prices, which are typically lower.
  • Condition is not factored in. A well-maintained boat with new sails and engine can be worth significantly more than a project boat of the same model.
  • Location affects price. Boats in landlocked states or areas with fewer buyers often sell for less than those on the coast.
  • Year of manufacture is not filtered. Older examples of this model will generally be priced lower than newer ones.
  • Included equipment varies widely. A boat with a full suite of electronics, dodger, and new standing rigging may command a large premium.
  • Outliers are automatically excluded using statistical filtering to improve accuracy, but some bad data may remain.
Core Dimensions
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
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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Performance Ratios
PHRF Rating PHRF (Performance Handicap Racing Fleet) is a national racing handicap measured in seconds per nautical mile. Lower values indicate faster boats. Ratings are sourced from US Sailing's national database (median across 60+ regional fleets).
Under 0 — Ultralight racer0–90 — Performance racer90–150 — Cruiser/racer150–210 — Typical cruiserOver 210 — Heavy/slow cruiser
180
Ballast/Displacement Ballast to Displacement ratio shows what percentage of the boat's total weight is ballast. Higher values generally mean better initial stability and stiffer sail carrying.
30–35% — Typical cruiser35–45% — Stiff performance boatOver 45% — Racing oriented
37.14
Displacement/Length Displacement to Length ratio measures how heavy a boat is relative to its waterline length. Lower values mean a lighter, faster boat.
Under 100 — Ultralight racer100–200 — Light cruiser/racer200–300 — Moderate cruiser300–400 — Heavy cruiserOver 400 — Very heavy
374.62
Pounds/Inch Immersion Pounds per Inch Immersion (PPI) tells you how much weight is needed to sink the boat one inch. Useful for calculating how additional gear and stores affect waterline. 7.21 pounds/inch
Rig Dimensions
I (Foretriangle Height) 20.45
J (Foretriangle Base) 18.50 ft / 5.64 m
P (Mainsail Luff) 969.00 ft² / 90.02 m²
E (Mainsail Foot) Perkins
Engine & Accommodations
Fuel Capacity 55 gals / 208 L
Water Capacity 150 gals / 568 L
How It Compares

vs. Alajuela 38 Mkii, Downeaster 38, Island Packet 38

This boat Similar boats
Dimensions
LOA
Cabo Rico 38 ★
38.0 ft
Alajuela 38 Mkii
38.0 ft
Downeaster 38
38.0 ft
Island Packet 38
38.0 ft
LWL
Cabo Rico 38 ★
29.3 ft
Alajuela 38 Mkii
32.6 ft
Downeaster 38
29.0 ft
Island Packet 38
33.0 ft
Beam
Cabo Rico 38 ★
11.5 ft
Alajuela 38 Mkii
11.5 ft
Downeaster 38
11.8 ft
Island Packet 38
12.7 ft
Displacement
Cabo Rico 38 ★
21 lbs
Alajuela 38 Mkii
27 lbs
Downeaster 38
19 lbs
Island Packet 38
21 lbs
Ballast
Cabo Rico 38 ★
7 lbs
Alajuela 38 Mkii
10 lbs
Downeaster 38
8 lbs
Island Packet 38
10 lbs
Sail Area
Cabo Rico 38 ★
Alajuela 38 Mkii
880 sq ft
Downeaster 38
735 sq ft
Island Packet 38
870 sq ft
Performance
PHRF Rating (lower = faster)
Cabo Rico 38 ★
180 s/nm
Alajuela 38 Mkii
Downeaster 38
Island Packet 38
162 s/nm
SA / Displacement (higher = more powerful)
Cabo Rico 38 ★
Alajuela 38 Mkii
15.7
Downeaster 38
16.3
Island Packet 38
18.1
Ballast / Disp (higher = stiffer)
Cabo Rico 38 ★
37.1 %
Alajuela 38 Mkii
37.0 %
Downeaster 38
Island Packet 38
46.5 %
Comfort Ratio (higher = more comfortable offshore)
Cabo Rico 38 ★
Alajuela 38 Mkii
47.2
Downeaster 38
35.4
Island Packet 38
32.7
Capsize Screening (lower = safer)
Cabo Rico 38 ★
Alajuela 38 Mkii
1.54
Downeaster 38
1.76
Island Packet 38
1.83
Displacement / Length (lower = lighter)
Cabo Rico 38 ★
374
Alajuela 38 Mkii
348
Downeaster 38
Island Packet 38
267
Hull Speed
Cabo Rico 38 ★
Alajuela 38 Mkii
7.7 kts
Downeaster 38
7.2 kts
Island Packet 38
7.7 kts
Speed Number (higher = faster)
Cabo Rico 38 ★
Alajuela 38 Mkii
Downeaster 38
1.3
Island Packet 38
1.9
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