1966 32' Grand Banks 32 Sedan

1966 32' Grand Banks 32 Sedan

$47,000

Vessel Overview

The Grand Banks 32 Classic is one of the most respected small trawlers ever built, renowned for her seaworthiness, timeless lines, and exceptional craftsmanship.

This 1966 example has undergone an extensive, no-expense-spared restoration between 2023 and 2026, bringing the vessel to a level rarely seen on the market.

✔ Classic heritage
✔ Turn-key condition
✔ Collector-grade presentation
✔ Ideal coastal cruiser or yacht club showpiece

Builder / Design

• Builder: American Marine Ltd. (Grand Banks)

• Model: 32 Classic

• Year: 1966

• Hull Type: Semi-displacement trawler

• Construction: Solid fiberglass hull, teak superstructure

• Design Reputation: One of the most iconic pocket trawlers ever produced

Mechanical & Performance

• Engine: Ford Lehman diesel (single)

• Horsepower: approx. 120 HP

• Drive: Direct shaft

• Cruise Speed: ~7–8 knots

• Top Speed: ~9 knots

• Fuel Efficiency: Legendary low burn trawler economy

• Range: Excellent coastal cruising capability

✔ Simple, reliable mechanical platform
✔ Easy owner maintenance
✔ Proven long-distance cruiser

✨ 2023–2026 Comprehensive Restoration

This vessel has been brought to exceptional condition.

Exterior & Structural

• Hull professionally refinished

• Brightwork stripped and refinished to yacht quality

• Decks restored and sealed

• New or refurbished canvas and exterior soft goods

• Hardware polished or replaced

• Bottom service completed

Mechanical

• Engine fully serviced and optimized

• Fuel system cleaned and updated

• Cooling system serviced

• New hoses, clamps, and belts where required

• Steering and running gear inspected

Electrical & Systems

• Updated wiring where needed

• Batteries replaced

• Navigation electronics upgraded

• Bilge and plumbing systems renewed

Interior

• Teak interior restored to show condition

• New or refreshed upholstery

• Headliner and soft goods renewed

• Galley equipment serviced

• Cabin sole refinished

Result: Show-quality classic that retains original Grand Banks charm.

Accommodations

The Grand Banks 32 is famous for efficient, comfortable cruising accommodations.

Layout typically includes:

• Forward V-berth stateroom

• Enclosed head with shower

• Classic Grand Banks teak salon

• Lower helm station

• Functional galley

• Excellent natural light and ventilation

✔ Warm traditional yacht ambiance
✔ Comfortable for couples cruising
✔ Perfect loop or coastal boat

Why This 32 Classic Stands Out

• Highly desirable early Grand Banks pedigree

• Extensive recent restoration (2023–2026)

• Turn-key condition

• Economical single diesel

• Manageable size with big-boat feel

• Strong collector and resale appeal

Market Perspective (2026 – Slow Market Reality)

Typical Market Range

• Average older GB32: $35K – $55K

• Nicely updated examples: $60K – $85K

• Exceptional restorations: $90K – $120K+

✅ Fair Asking Strategy (slow market):

• List: $89,000 – $109,000

• Expected Sale: $80,000 – $95,000

• Showpiece premium possible if restoration is truly yacht-quality

(Happy to refine if you share engine hours, electronics, or photos.)

Ideal Buyer

• Grand Banks enthusiast

• Classic yacht collector

• Couple doing the Loop

• Yacht club traditionalist

• Downsizing trawler buyer

⚙️ Factory Specifications

Principal Dimensions

• LOA: 32 ft 0 in (9.75 m)

• Length Waterline: ~30 ft

• Beam: 11 ft 6 in (3.51 m)

• Draft: approx. 3 ft 10 in (1.17 m)

• Air Draft: ~15 ft (varies with mast)

• Displacement: approx. 13,000–15,000 lbs

• Hull Type: Semi-displacement

• Hull Material: Solid fiberglass

• Superstructure: Teak

Capacities

• Fuel Capacity: ~150 gallons

• Fresh Water: ~75 gallons

• Holding Tank: ~30 gallons

Machinery 

• Engine: Ford Lehman diesel

• Horsepower: 120 HP

• Engine Type: Naturally aspirated inline-6

• Drive: Direct shaft

• Propeller: 3-blade bronze (typical)

• Rudder: Single

• Steering: Mechanical/hydraulic

Performance 

• Cruise Speed: 7–8 knots

• Top Speed: 8.5–9 knots

• Fuel Burn: ~1.5–2.0 GPH at cruise

• Range: 600–800 nautical miles

⚡ Electrical

• System Voltage: 12V DC

• Shore Power: 30 amp typical

• Batteries: Engine + house banks

• Generator: Optional on many boats

Accommodations

• Cabins: 1

• Berths: 3–4

• Head: 1 with shower

• Layout:

  • Forward V-berth

  • Enclosed head

  • Main salon with lower helm

  • Galley down or salon level (varies by year)

  • Flybridge helm

Construction Highlights

• Full keel with protected running gear

• Wide walk-around side decks

• Traditional Grand Banks teak joinery

• Excellent low-speed handling

Principal Dimensions

• LOA: 32 ft 0 in (9.75 m)

• LWL: approx. 30 ft

• Beam: 11 ft 6 in (3.51 m)

• Draft: approx. 3 ft 10 in (1.17 m)

• Displacement: approx. 13,000–15,000 lbs

• Hull Type: Semi-displacement full keel

Construction (1966 Model Year)

• Hull: Carvel planked wood (typically Philippine mahogany)

• Frames: Steam-bent hardwood

• Superstructure: Teak

• Decks: Marine plywood with teak overlay (typical)

• Keel: Full displacement keel with protected running gear

Capacities

• Fuel: ~150 gallons

• Fresh Water: ~75 gallons

• Holding Tank: ~30 gallons (many retrofitted)

Machinery (Typical Original Setup)

• Engine: Ford Lehman diesel

• Horsepower: 120 HP

• Configuration: Naturally aspirated inline-6

• Drive: Direct shaft

• Cruise Speed: 7–8 knots

• Top Speed: ~9 knots

• Fuel Burn: approx. 1.5–2.0 GPH

Range: 600–800 NM at displacement speed

⚡ Electrical

• System: 12V DC

• Shore Power: 30A typical

• Batteries: Engine + house banks

• Generator: Optional / often added later

Accommodations

• Staterooms: 1 forward

• Berths: 3–4

• Head: 1 with shower

• Helm: Lower helm + flybridge

Classic Layout Features

• Warm teak Grand Banks interior

• Excellent visibility from lower helm

• Efficient galley

• Proper cruising storage

⭐ Why the Wood GB32 Is Special

Georges, buyers of these early boats specifically look for:

✔ True classic yacht pedigree
✔ Warmer ride than early fiberglass
✔ Collectible American Marine heritage
✔ Strong following among traditionalists
✔ Beautiful brightwork potential

Additional Information

Principal Dimensions

• LOA: 32 ft 0 in (9.75 m)

• LWL: approx. 30 ft

• Beam: 11 ft 6 in (3.51 m)

• Draft: approx. 3 ft 10 in (1.17 m)

• Displacement: approx. 13,000–15,000 lbs

• Hull Type: Semi-displacement full keel

Construction (1966 Model Year)

• Hull: Carvel planked wood (typically Philippine mahogany)

• Frames: Steam-bent hardwood

• Superstructure: Teak

• Decks: Marine plywood with teak overlay (typical)

• Keel: Full displacement keel with protected running gear

✅ This is the highly sought-after early wooden Grand Banks build, prized by classic yacht enthusiasts.

Capacities

• Fuel: ~150 gallons

• Fresh Water: ~75 gallons

• Holding Tank: ~30 gallons (many retrofitted)

Machinery (Typical Original Setup)

(verify your actual installation)

• Engine: Ford Lehman diesel

• Horsepower: 120 HP

• Configuration: Naturally aspirated inline-6

• Drive: Direct shaft

• Cruise Speed: 7–8 knots

• Top Speed: ~9 knots

• Fuel Burn: approx. 1.5–2.0 GPH

Range: 600–800 NM at displacement speed

⚡ Electrical

• System: 12V DC

• Shore Power: 30A typical

• Batteries: Engine + house banks

• Generator: Optional / often added later

Accommodations

• Staterooms: 1 forward

• Berths: 3–4

• Head: 1 with shower

• Helm: Lower helm + flybridge

Classic Layout Features

• Warm teak Grand Banks interior

• Excellent visibility from lower helm

• Efficient galley

• Proper cruising storage

⭐ Why the Wood GB32 Is Special

Georges, buyers of these early boats specifically look for:

✔ True classic yacht pedigree
✔ Warmer ride than early fiberglass
✔ Collectible American Marine heritage
✔ Strong following among traditionalists
✔ Beautiful brightwork potential

Important marketing note:
Your 2023–2026 restoration is critical value — wood boats live or die by condition.
Be sure to highlight:

• Any hull refastening

• Plank replacement

• Survey results

• Moisture readings

• Epoxy treatments if done

These dramatically affect price.

Current Market Reality (Wood GB32)

In today’s softer market:

• Average wood GB32: $20K – $45K

• Nicely restored: $55K – $85K

• Exceptional yacht-quality restoration: $90K+ possible

✅ If you want maximum impact listing, send me:

• Engine hours

• Generator (yes/no)

• Electronics list

• Any plank or fastener work

• Survey date

…and I’ll build you a YachtWorld killer description that sells fast.

Ready when you are.

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.