(SALE PENDING) 1992 Island Packet 38 Cutter



SV Stella J is an iconic turnkey blue water cruiser, well cared for and in very nice condition. Extremely well equipped by a very knowledgeable owner. Island Packet yachts have long been recognized for their quality of yacht building and comfortable live aboard vessels. For the last 3 years she has sailed the San Juan Islands in Washington and headed south to Mexico. The owners have continuously and meticulously maintained her while adding the luxuries many seek in a liveaboard sailing yacht. Stella J is a constant head turner, and you will be hard pressed to find a finer example of a 1992 Island Packet 38. Equipment includes Lithium House bank, Water Maker, Solar Panels, Cockpit Surround, Spinnaker, Iridium Go and 4-man life raft.

The spacious and stable IP38 is an ideal yacht for a family planning to coastal cruise, sail offshore, or hang out indefinitely on the west coast of Central America, and maybe even go around the world.” Sailing Magazine. The boat is currently located in Grand Bay Marina and the slip is available to pass along to the new owner.  There are very few boats that are truly this Cruise Ready and this is one of them.

For additional Photos and specs, you can view the full YachtWorld listing at this link:
1992 Island Packet 38 Cutter for sale – YachtWorld

Buying a boat in Mexico can have some tax advantages in saving you the State Sales Tax and the boat is already where you want to start Cruising.  When buying a boat in Mexico, all of the title transfer, paperwork and funds transfers are handled in the United States by a Marine Documentation Services Company for your convenience, security, and piece of mind.

The Team at La Paz Cruisers Supply and Brokerage are cruisers themselves and have been living and cruising aboard in Mexico since 2008. Our team has crossed oceans, sailed to the South Pacific, delivered catamarans from South Africa and sailed around the Caribbean, Mediterranean and world. Our goal isn’t to waste your time, but to help you find a boat that fits your budget and dreams.
The team at La Paz Cruisers Supply can help make your Cruising Dream into a Reality.

Detail Specs

Going down the companionway stairs, to port you will find the midship head. Continuing aft is a quarter aft cabin with a double berth and storage. To starboard you will find the U shape almost enclosed galley. Forward from the stairs the salon has a straight 3 persons settee to port and an almost L shape 3/4 persons settee to starboard with a table connected to the forward bulkhead that separates the salon from the forward cabin. Offset slightly to port is the door to the forward double cabin with ample storage to port and a pullman berth to starboard. At the V is the forward head.

2 cabins – Starboard pullman and portside quarter berth
2 heads 2020
Rich teak joinery
Floors are teak and holly, with nonskid in heads and base of companionway in excellent condition.
Cedar lined hanging lockers
New upholstery in 2020
Abundant storage provided by multiple lockers, drawers and cabinets
Teak bookcase
Bottle storage behind fold-down dining table
Full size aft facing chart table, doubles as computer workstation
Six opening hatches
13 stainless steel portlights, new in 2020
Low consumption LED cabin lights throughout
Beautiful Cabin Sole

12V refrigeration system with both the air-cooled and water-cooled options
Meditteranean 3-burner propane stove with oven and broiler – New in 2020
Double stainless steel sink with gooseneck single lever faucet/sprayer
Rival microwave oven
Stainless steel water heater (2020)
Built-in dish storage and cutlery drawers
Laminate countertops with teak fiddle rails
Propane: 2 x 10lb aluminum tanks in vented, dedicated locker
Propane safety solenoid and hoses
Pressure hot & cold water with Jabsco pump

Deck and Hull
Primary anchor: 55lb Mantus (2021) with 300 ft of 5/16″ HT chain (2020)
Secondary anchor: 45lb CQR plow with 25ft 5/16 chain and 250 ft of 3/4″ 3-strand nylon rode
Third anchor: 45lb Danforth
Fourth anchor (stern): 25lb Danforth mounted on stern rail
Lewmar vertical windlass with foot switches – 2020
Dual bow rollers and chain locks
Dinghy: 10’ rigid inflatable (RIB), WestMarine PVC
Outboard: Mercury 9.9 – 2021 – great condition
Stainless steel solar arch with davit system
Solid stainless steel aft lines
Outboard motor hoist
All new Canvas Full Cockpit Enclosure 2020, like new strata glass. Dodger, Bimini, Transition, Side Panels, Lazy Bag, Lazy Jack Lines. In like new dark blue Sunbrella.
Outboard motor pulpit bracket
Cabintop winches: two Lewmar 30 self-tailing (for mainsail) & one Lewmar 8 (for staysail boom sheet)
Cockpit winches: two Lewmar 46 self-tailing (for genoa) & one Lewmar 16 self-tailing (for headsail furling lines)
Helm seat with backrest Reupholstered 2022
Companionway drop-in hatchboards (3) with locking pin, plus swinging companionway doors with insect screens
Lifesling (stern pulpit mounted, in rigid case)
Dantrex 4 person deckmounted inflatable life raft. Certified till 2024
Dorades (4) with dorade boxes
Port and starboard boarding gates
Cockpit shower
Custom build stern swim platform with boarding ladder
3 starboard mounted jerry cans with sunbrella covers
Oceansignal EPIRB1 Procat – 2021
Lines and fenders
Full bottom job in 2021
Stripped down to gel coat
2 coats of 2-part epoxy barrier coat
3 coats of International 640 anitfoul (red)
Navy blue bootstripe repainted at the time of bottom job

Electronics and Navigation
Raymarine AXIOM 9” Touch chartplotter with Ramarine Quantum 2 Doppler radar – 2020
Navionics electronic charts for West coast America and Mexico 2022
Cruising guides for West coast America, Mexico, and Panama
Raymarine i70 Wind, Depth, and Speed – 2020
Raymarine AIS transceiver – 2020
Raymarine EV-400 Power Evolution AutoPilot – 2020
ICOM M802 SSB with speaker
Stereo with CD and Aux inputs, Bose cockpit speakers
LG 24″ TV – 2020
Simrad RS35 with wireless handheld VHF – 2020
Cobra MR HH-350 Handheld VHF – 2022
KUS USA Reed switch fuel and water monitors. Relays output on Victron GX Touch – 2022

Electrical and Batteries
Batteries (house bank): EEL Lifepo4 604ah (8-3.2V CATL Cells) – 2022
Wakespeed WS500 Smart Regulator
REC Active Battery Management System
Batteries (engine starting): (1) ‘Full river brand AGM, 12V 115Ah (new 2020)
Xantrex Freedom Marine inverter/charger (2000 W inverter, 100 A charger)
Victron Orion-tr Smart 12/12-30a for starter battery – 2022
Victron Cerbo GX – 2022
Victron GX Touch 50 – 2022
Balmar 621 series 100A alternator – 2022
WS500 Smart Alternator Regulator – 2022
(2) 360 Watt LG solar panels
Victon MPPT 100/50 Solar charger
Victron LYNX energy distributor – 2022
Victron energy SmartShunt 500A Bluetooth battery monitor – 2022
Marinekinetix 400w wind generator
Galvanic isolator
Low consumption LED cabin lights throughout
(9) low consumption air circulating fans throughout belowdecks
30A shore power cord

Sails and Rigging
ALL SAILS NEW (ULLMAN OFFSHORE) Genoa, Stay, Main, Spinnaker – 2020
Isomat conventional keel-stepped mast with single spreaders, all halyards internal
All sheets and control lines for mainsail run to cockpit (no need to go forward)
New standing rigging (2020)
Genoa, 110%
Staysail, non-overlapping, self-tacking on staysail boom
Ullman Asymmetrical spinnaker – 2020
Spinnaker/whisker pole (currently stored on deck)
Mast winches: Lewmar 30 (self-tailing) and Lewmar 24
Doyle cradle cover/stackpack and lazy jacks – New in 2020
Most blocks and tackle replaced with Garhuaer – 2021
Running rigging – nothing older than 2020

Engines and Mechanical
Engine Yanmar 4jh2e 4cyl 50hp  (Approx 5000 hours)
New heat exchanger – 2020
Reverso programmable inboard fuel polishing system – 2020 – currently set on timer to polish fuel every other day.
Fuel lines replaced 2020
Balmar 621 series 100A alternator – 2022
WS500 Smart Alternator Regulator – 2022
Racor fuel filter/separator
PSS dripless shaft seal (completely serviced in 2020)
New cutless bearing 2020
Automatic bilge pump
Whale manual bilge pump – 2022
Watermaker: SeawaterPro 40gph AC unit – 2022 – currently pickled

Fresh water 157gal Aluminum
Fuel 57gal Aluminum
Holding tank 29gal – New in 2022 Aluminum with Special liner

Safety and Ground Tackle
Primary anchor: 55lb Mantus (2021) with 300 ft of 5/16″ HT chain (2020)
Secondary anchor: 45lb CQR plow with 25ft 5/16 chain and 250 ft of 3/4″ 3-strand nylon rode
Third anchor: 45lb Danforth
Fourth anchor (stern): 25lb Danforth mounted on stern rail
Lifesling (stern pulpit mounted, in rigid case)
Dantrex 4 person deckmounted inflatable life raft. Certified till 2024
Lifejackets 3 Inflatable and 2 Rigid
Jack lines along both side, Bow to Stern
Stern mounted Lifesling
Type 4 Throwable Cushion
Oceansignal EPIRB1 Procat – 2021
Diesel Jugs with Mounting Board

Broker’s Comments
A few pointers and answers to common questions:

The bow platform and davits mean she’s about a metre longer than her 38ft title suggests, and with a 4m beam she considerably out-girths her rivals too.
The keel-hung rudder is well-protected from encounters with floating objects and the encapsulated keel is another sound feature for blue-water cruising.
Despite her substantial size, the hull itself has a nice touch of sheer emphasised by the rubbing streak, and the stern has a wineglass shape which counterbalances the boxy coachroof.
The ‘full foil’ keel, which Johnson espoused, means there’s a lot more going on below the surface than meets the eye.
Island Packet pride themselves on their superior construction standards. The hull is solid laminate, which is heavier than a cored hull, but this means damage is easily repaired.
The trademarked Polyclad 2 gelcoat system below the waterline is reported to offer better protection against osmosis, and above the waterline Durashield gives a high-gloss finish.
The hull is a single moulding, as is the deck, and they’re bolted and bonded together.
The deck is cored with Polycore, which is supposed to be impervious to rot.
The chain plates are another example of robust design: the single spreader rig is stayed with forward and aft lowers and together with the cap shrouds are terminated to three separate chain plates. The separate chain plates are welded and braced together with a framework that locks into the hull to deck joint before being glassed to the hull – very much a belts and braces solution. The chainplates were inspected in 2020 when the rigging was replaced and got approved for extended cruising insurance for 10 years.
It’s below decks that the Island Packet 38 wins her admirers.
The British magazine Yachting Monthly, called the IP 38 the-best-liveaboard-cruiser-out-there