Full description
Insurance salvage Sea Ray 480 recovered after storm grounding. Starboard hull has documented impact damage and the boat took on water; engines submerged and will need full teardown or replacement. Title is salvage. High-risk, parts-or-rebuild opportunity for a yard set up for fiberglass structural work. Priced accordingly.
Investment snapshot
Asking price
$38,000
Est. finished value
$175,000
Est. repair cost
$95,000
Potential upside
$42,000