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1998 Island Packet 40

$195,000 USD

  • $195,000 USD
  • Kevin Welsh
  • Active
  • Used
  • Cruiser Racer Sailboats
  • 1998
  • Island Packet
  • 40
  • Melbourne, Florida, US
  • Sail
  • 40ft / 12.19 m
  • Yanmar
  • Yanmar
  • Inboard
  • Diesel
  • Fiberglass
  • 2015-12-17
  • 2016-09-30
  • 2139259

Lady Bug V is the nicest Island Packet 40 on the market today.  

She's been well maintained, upgraded and shown in first class condition.

KYOCERA 135W x 3 Solar Panels w/Blue Sky MPPT Regulator
STAINLESS RAILING around Cockpit instead of Life Lines Cables
NEW ADLER BARBOUR Cold Plate and Compressor 2015

FRESH BOTTOM JOB December 2015
THREE BLADE MAX PROP (Folding) w/Line Cutter
GPS/Chartplotter/Radar Combo

Builder / Designer

Builder:  Island Packet Yachts, Largo, Florida
Designer:  Bob Johnson


LOA:  41.5 feet
LWL:  34 feet
LOD:  39 ft 4 in
Beam:  12.92 feet
Displacement:  22800 pounds
Ballast:  10000 pounds
Draft: 4 ft 8 in
Bridge Clearnace: 57 feet includes VHF Antenna
Headroom:  6 ft. 5 in.


Make:  Yanmar
Model: 4JH2E
HP: 50 hp
Hours: 3525
Gear Box:  Kanzaki 2.63 ratio
Tides Marine Dripless Shaft Seal
Maxprop Folding Prop w/ Shaft Shark Line Cutter

Accommodations / Walk Thru Layout

Lady Bug is a very well kept Island Packet 40 inside and out.  She has 2 staterooms and 2 heads with comfortable accommodations for 4 people or 7 including convertible berth in salon and salon settee.

In the vee of the boat is the forward head (electric flush by Raritan) with shower (drain to auto sump) teak shower seat w/curtain, large vanity w/polished stainless steel sink, unbreakable mirror, storage cabinets, and recessed lighting.

The roomy and comfortable owner's suite has a queen sized pullman berth, excellent ventilation and ample storage with bins and drawers underneath the berth,(6) cedar lined bureau drawers, and a cedar-lined hanging locker to port.

The spacious main salon has a bulkhead mounted fold-up dining table that expands a second time to provide salon wide dining. An L-shaped settee which pulls out to make a double berth is to starboard and a settee and another cedar-lined hanging locker to port. Large stowage areas behind and under each settee.

The navigation desk and instrument panel is located to starboard and uses the end of the settee as a seat. There is a chart stowage drawer beneath the salon settee.

The large galley has an all Stainless Steel gimbaled 3-burner propane Force 10 stove with oven (new in 2015) with pot and pan storage underneath, double s/s sinks with hot/cold pressure water and a manual water pump, Adler Barbor 12VDC refrigerator/freezer (new in 2015), microwave oven, roll away trash bin, and ample storage in the form of cubbies, cabinets, and cutlery drawers.

The ice box has been custom designed with added insulation.

The aft cabin features an extra large berth, storage bins, drawers and cedar-lined hanging locker. The aft head (manual flush by Jabsco) is accessible from both the salon and aft cabin and features a drop down teak shower seat and curtain, vanity w/stainless steel sink, and full length unbreakable mirror.  

The engine is under the companionway and is easily accessible from all four sides.

The fully enclosed cockpit is large and comfortable with cockpit seats that are easily long enough for lounging or sleeping. A custom designed helm seat allows excellent visibility while at the helm.  It has lots of storage including a cockpit ice box and large lazarette. The cockpit is surrounded by stainless steel life railing along port, aft and starboard sides for ultimate safety.  LED lights in cockpit illuminate the area and are very energy efficient.

(13) Opening Ports
(7) Deck Hatches w/custom designed bug screens and insulated covers
(4) Deck Dorade Vents
Safe-T-Alert Carbon Monoxide Alarm & Smoke Detectors
Weems & Plath Clock and Barometer

Upgraded in 2011/2012 - UltraLeather Upholstery in salon and aft cabin
2011 Mattress customized for added "comfort" in forward stateroom
Large forepeak w/louvered access door to anchor and chain locker
Courtesy/Night Lights by Companionway
Storage rack for companionway boards
Molded slip resistant cabin sole in entry, galley, and heads
Teak & Holly sole throughout



3 Burner Force 10 propane stove w/oven (new 2015)
Adler Barbor 12VDC Refrigerator and Freezer (new 2015)
Custom added insulation in Ice Box
Propane tanks (2) stored in vented locker
Double S/S Sinks
Hot/Cold Pressure Water
Seagull Water Filter
Manual Pump at Sink
High Pressure Laminate Counters w/sea rails on all edges
Roll away trash bin
Teak dish racks
Cutlery Drawers
Abundant Storage
Custom Partition between sinks and nav. station



Raymarine C97 MFD gps/plotter/radar (2013)
AIS Input to chartplotter or nav table (2013)
Raymarine RH418HD Radar (2013) closed array mounted on mast
Autohelm ST6000 Autopilot with handheld remote cord & control
Helm and nav station displays for Auto Pilot
Handheld remote control for Auto Pilot
Autohelm ST50 Speed and Wind and Autohelm ST60 Depth
Standard Horizon VHF Radio (seperate antenna on arch) (2016)

Autohelm Autopilot control
Garmin GPSMap 76C
Uniden Oceanus DSC series VHF at helm (separate stern mounted antenna)
Standard Horizon Omni cockpit VHF at nav station with masthead antenna
Standard Horizon Matrix GX2100 VHF radio w/AIS receiver
AIS wired to show on outside chart plotter (2010)
ICOM 710RT HF Marine SSB with Pactor III Modem 
Special Bonding System
12V Outlet at helm
West Marine 3000 AM/FM/CD Stereo Receiver w/bluetooth
Bose Speaker System Master Stateroom and Cockpit Speakers
Richie 5 inch Pedestal mounted compass at helm
Island Time "Bullet" WiFi Antenna on Arch
Flat Panel TV at Starboard Settee
Heart 2000 Invertor/Convertor



Three (3) Kyocera 135 W each Solar Panels
Blue Sky Solar Boost 2000E MPPT Controller
Six (6) AGM Batteries (2011)
Raritan Crown II Marine Convertor/ 12 Volt Charger 30 amp
Belt Driven Alternator
12VDC and 120VAC Electrical Panel with breakers
Perko rotary type main battery switch
GFCI Protected 120VAC outlets in Galley and Heads
Heart 2000W Invertor
Heart InterfaceLink 2000-R Battery Monitoring System
Two 30 amp, 125VAC volt Inlets located aft cockpit
Two (2) Galvanic Isolators
Two (2) 50 ft. Shore Power Cords
Wired and plumbed for Generator




Whitlock Mechanical Steering
Shaft: S/S w/dripless shaft seal
NEW2011 Maxprop and Shaft Shark LineCutter
Emergency S/S Tiller

Racor Primary Fuel Filter
(2) Cruisair Air Conditioners with reverse heat (16K and 12K BTU)
SMXII digital controls
Cruise RO Watermaker
Raritan Electric Head forward
Macerator just installed
Manual Head aft
All manuals onboard



Full Battened Main Sail by Mack in August 2015
Jiffy Reefing for main, two reef points
Main Sheet Travler 4:1
130% Harken MkII Roller Furling Headsail restitched in 2014
Harken MkII Roller Furling Staysail

Halyards and Sheets replaced in 2013
Blocks and Sheaves by Shaefer
Line Clutches Forward Cockpit

Lewmar 30ST (2 each)
Lewmar 48ST (2 each)
Lewmar 24 Mast Halyard winches
Lewmar 8 Mast Halyard winch

New Trade Marine High Performance "Strong" sail track (2015)
Masthead Tri-light (2014)
Spreader Light (2016)
Radar Reflector, Davis metal (2013)
Flag Halyards

IJPE : 774.83 sq ft
I : 49.83 ft
J : 17.75 ft
P : 42.83 ft
E : 15.50 ft

Ground Tackle

55 lb Delta & 35 lb Danforth (2014)
264 ft 5/16 in chain w/swivel (2012)
35 ft 5/16 in chain with 150 ft nylon rode (2014)
Anchor Washdown Pump 4 bmp (2016)
Lighthouse 1501 Electric Windlass with switches at bow and pedestal
Double Gypsies on windlass with rope/chain on Stbd Gypsy
Windlass Motor rebuilt (2015)

Manufacturer Provided Description

Designed with Island Packet Yachts' exclusive Full Foil Keel, the Island Packet 40 unifies the performance attributes of modern hull and foil designs with the superior safety, enhanced steering qualities, and more seakindly motion available only with a long keel. This feature brings numerous benefits to the cruising sailor: superior protection from damage or fouling of prop and rudder, an integral hull and keel construction for the strongest possible unified structure, a moderate draft with exceptional stability characteristics for shallow water gunkholing or worldwide voyaging, and winning performance capabilities. Full-length cabin top handrails, double lifelines with welded bow and stern rails, recessed foredeck with bulwarks, and a premium, slip-resistant surface of a contrasting low-glare gelcoat all contribute to offshore safety. Forward, the integral bowsprit-anchor platform increases sail area, improves sheeting angles for enhanced windward performance, and provides ready stowage and immediate access for ground tackle. The 8-foot long cockpit has full-length contoured seats offering plenty of room for comfortable sitting or stretching out. A premium, console-mounted rack and pinion steering system is employed for its exceptional feel and rugged reliability. Integrated into the custom steering console are the single-lever engine control, compass, and flip-up cockpit table. The cutter rig used has furling systems on both the genoa and self-tending staysail. The skipper has a variety of sail combinations available that are readily adaptable to maximize comfort, safety and performance over a wide range of wind and sea conditions. The generous sail plan, utilizing three simply managed sails, coupled with the easily-driven, long-waterline hull form, assures excellent light-air performance. Belowdecks, two double staterooms, well-separated for privacy, and each with an adjoining head and shower, combine with an expansive central living area to provide a gracious setting. Overhead handrails, bulkhead handgrips and an easily maintained, molded slip-resistant cabin sole offer sure-footed movement while underway. The wraparound galley is equipped with a host of detail features for both convenience and safety. The L-shaped settee in the main salon can be quickly converted to an extra double berth with its built-in pullout panel. Forward, there is an elegant, full-width owner's stateroom, with generous stowage. The aft stateroom is similarly roomy and inviting, and has a huge double berth. The engine is mounted on a molded engine bed with an integral drip pan. Fastidious mechanical, electrical and plumbing systems are all in evidence here and are easily accessible through a removable front panel, hinged side panels and an aft cover. All Island Packet 40 structural laminates and internal reinforcements are designed to meet or exceed rigid ABS standards for offshore yachts. Hulls are molded of knitted triaxial roving, offering vastly superior impact and puncture resistance compared to conventional woven rovings or cored construction. Deck laminates are engineered for high-strength with reduced weight, utilizing Island Packet's exclusive PolyCore system. Interior construction features an engineered grid system and reinforced fiberglass structure fully bonded with the hull to form a unit structure of immense strength and durability.


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.

For Sale By Edwards Yacht Sales

510 Brookside Drive
Clearwater, Florida, 33764