SVWildHunt

Over the winter we bought new sails ($12k), started rebuilding the Perkins 4.154, then bought a used (600hr 2018) 75hp yanmar instead, some used Lewmar 50ST's and other bits. Rigging is sound but on the list to replace someday. I figure we'll have around $80k into it when done and ready to head out in a couple years, but have a reliable boat that I know inside and out, set up the way I want.

For comparison, our similar age GS50 was listed at $75k in Tacoma. We ended up paying $45k based on survey findings (mainly flexing aft bulkhead in engine room where steering cables turn, mizzen step/base and floor around it needing repair, a couple wet deck areas, windlass non-functional). I think we got lucky - it had been listed for awhile, the broker was a flake (never returned calls or emails when we initially inquired, bailed out on a showing after we'd driven down there, etc.). Met the owners on their vacation up to the San Juans for a survey in Anacortes. The bulkhead deficiency caught them by surprise and they were hesitant to even run it back to Tacoma. I stated I wanted it fixed as a condition of sale and they didn't want to deal with it so knocked $20k off what we'd offered. After shoring up the bulkhead (it turned out it wasn't rotten) we sailed it home and used it all last summer pretty much as-was, which was a big win.

Funny, I just searched for and read my post on the TP49... seems I'm just repeating myself here (sorry!)

Deck and buikheads are definitely repairable. In my opinion, worth it if you have the skill, inclination and time to do it yoruself and can buy it for <50k, put $30-40k into it and have a very seaworthy and roomy boat worth ~$100k, your time being free, of course

Unfortunately it seems I deleted my folder that I'd accumulated all the info/notes/survey.
From memory:
Soft deck in multiple areas, worst was forward starboard and around most hatches
Rotten bulkheads at multiple chaninplate anchor locations - both main cabin forward bulheads - starboard side was worse, if I recall correctly.
Stainless water tanks were in poor shape - multiple epoxy patches on the top. I can't remember if it had a black iron fuel tank or not, but I remember it being suspect.
Engine smoked a bit - maybe normal, maybe needed injectors serviced.
"Typical" (from what I've seen) condensation damage to wood below the fridge/freezer
Build quality was otherwise good.
Sails were pretty tired.
In-mast roller furling didn't work correctly and would be a big liabilty risk/expense to replace.

Hi Matthew. We loved a lot of things about the TP - raised bulwharks forward for on-deck safety/security of people, sails and belongings, beautiful interior, engine room, loads of storage space etc. I was really waffling whether to take on the project - probably trailer it home so I could build a structure over it, remove the teak, top fiberglass and core then rebuild - I estimated it'd take at least a year of evenings and weekends + weather warm enough for resin to do it properly. My wife veto'd the thought because we wanted a boat we could use while refitting/fixing up (she's wiser than me!). Ended up with a Gulfstar 50 for half the $ and less extensive project list. We're happy with the choice, but man, I loved the layout and design of the TP and still sometimes question our choice.