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1948 Classic Cutter Owens 40

Lefkas, Greece


Owens 40 - Classic 40ft American Cutter from the drawing boards of George Owens built 1948 in Baltimore, USA. Beautiful classic lines, Mahogany/Teak construction, long keel configuration she sails like a dream. Has been lovingly invested in and is yacht fitted out for living on and cruising in comfort. No expense spared. A real head turner. Huge investment in recent years, exhaustive, from tanks, electrics, upholstery, push and pull pits, modern instruments/nav gear. New teak decks (2011) 29hp Yanmar (2012) Bowthruster (2014) Sails (2011) Anderson winches (2011) Rig (2011) with carbon furling boom disguised so you would never know. No expense spared. A real head turner. Updated to look modern, yet keeping the classic style. VAT paid, RDC exempt. Euros 134,500

Basic Boat Info

Price: €134,500
Tax Status: Paid
Make: Classic Cutter
Model: Owens 40
Year: 1948
Condition: Used
Category: Sail
Builder: Owens Boatyard, Baltimore, USA
Designer: George Owens
Construction: Wood
Keel Type: Full Keel


Length: 40 ft / 12.19 m
Beam: 10'7 ft / 3.23 m
Max Draft: 6 ft / 1.83 m

Engines / Speed

Engines: 1
  • Make: Yanmar
  • Model: 3YM30
  • Drive Type: Direct
  • Fuel: Diesel
  • Engine Power: 29hp
  • Type: Inboard
  • Year: 2012


Drive Type: Direct
Boat Class: Cruisers, Antique and Classics


Williams and Smithells Ltd
Williams & Smithells Yacht Brokers


Williams & Smithells UK
Wicormarine Cranleigh Road, Portchester
Fareham, GB, PO16 9DR
Tel:+44 (0)1329 827 053


Carvel Mahogany planking, ¼ inch diagonal.
Diagonal bronze strapping.
Traditional full long keel, lead keel.
Hung rudder.
Tiller steering.
2011 New teak deck swept to mahogany kingplank and laid over original painted plywood deck.
Separate anchor locker with access from deck formed forward of cabin
Bulwarks refashioned with improved toecap
Transom remodelled to improve appearance.
The hull was repainted to the original Marineware spec in spring 2016.
Original polycarbonate skylights replaced by traditional design in mahogany with bronze fittings.
Forward and lazarette hatches replaced with flush hatches by Olcessa Ricci
All sailing displays and controls resited behind removable mahogany panels.
Hull Anode wiring replaced and external earthing point installed for a hanging anode for use in marinas.


2012 new Yanmar 3YM30 29hp diesel engine #17204, all filters, exhaust, water hoses etc renewed.
(last service May 2017)
Engine controls mounted behind removable mahogany panel.
The autopilot and vhf extension socket are mounted here.
Halyard engine exhaust alarm
Darglow feathering propeller

2014 Sleipner SE60 Bowthruster with touch panel in Cockpit and remote control, careful installation has minimised noise in operation


12v & 240v systems
Engine start battery replaced with new AGM battery,2015
2 x AGM domestic batteries 2014
Shore power arrangements updated 2014 with new charger, galvanic isolator, and RCD, second 12v socket fitted in cockpit.
Solar panel on coachroof hatch garage.


Aluminium Diesel fuel tank circa 90/100 litres
The previously fitted poly tek freshwater tanks have a capacity circa 250 litres.
Single 60 ltr tank


Rig and Sails

Cutter Rigged – S/S standing rigging replaced 2011. All standing and running rigging replaced with new.
Wooden Mast by Collars, Taller rig and sailplan designed by Ed Burnett and consultation with North Sails.
All halyards and sheets are either dyneema or classic coloured braid depending on function.
Carbon In-Boom furling boom by Furlerboom, Denmark. With wooden veneer finish.
A new wooden boom in original style with bronze fittings was constructed in 2011 for use at classic regattas, together with Mainsail (2009), in storage.
LED lighting on mast includes tricolour and anchor, foredeck and steaming light, 2no Spreader lights, and 6no uplights 2no on coachroof and 4no on spreaders.

Fully-battened Mainsail, North Sails Spectra- Gatorback Sandwich 2011
Genoa, North Sails Spectra-Gatorback Sandwich 2011 Reckmann Furler.
Staysail McWilliams 2009
Spinnaker, North Sails 2011
Assymetric Spin. Dolphin Sails, with dragonfly image. 2012
Code O, North Sails Norlam 3.2 with Facnor furler

All winches replaced 2011 with Anderson s/s winches
2 x Genoa winches on cockpit sides, 46STFS
2 x winches on coachroof , 28 STFS and one 40STE variable speed electric for mainsheet, main halyard, and inboom furling line, staylock jammers for all coachroof lines
1 x halyard winch mounted on mast, 40 STFS


Accom for 3+2 in saloon and dedicated fore cabin.
Mahogany Joinered interior
Electric Head, with fresh or saltwater flush, with holding tank and control panel
Headroom approx 6’ in saloon


Eberspacher Warm Air Heating to Saloon, heads, and forecabin.
Origo 2 burner (alcohol) cooker & Oven.
Fridge with freezing area, top loading
s/s sink
Assortment of cooking utensils
Flatscreen TV and Radio/CDplayer in Saloon.
Oceanair Blind to forecabin hatch, blackout reflective removable panels for all skylights and ports
All lighting converted to LED lightbulbs, with exception of galley fluorescent
Wempe clock and barometer in saloon


20kg Rocna anchor with 43m of chain, on remodelled stem-head which was internally strengthened for assymetric spinnaker tack and a second bow roller added.
Fortress second anchor with chain and 100m of nylon anchor warp, additional nylon warp 50m.
2011 Muir horizontal Windlass with wander lead and control from cockpit.
Push and Pulpit redesigned for Med mooring fore and aft, teak seats aft.
All stanchions replaced, safety lines in dyneema.
2015 Nemo folding passarelle with teak treads, converts to swim ladder from transom.

Spray hood, winter/sun full protection cover.
All navigation LED lights are by Lopolight
6no fenders with embroidered fender covers. 2no foam fenders,
Full set of fitted cockpit cushions.


All instrumentation on Rubicon in 2010 has been replaced in 2012-13
Raymarine ST70 colour display for depth wind and speed
Raymarine autopilot SPX 5 with colour display
Raymarine E Hybrid Colour 12” chartplotter
Raymarine Lifetag System
Icom VHF with dsc, and loadhailer on mast, cockpit extension controls
Digital Yacht AIS
Echopilot Forward Sonar


Tetra Eco lightweight inflatable tender 2014
Suzuki 2.5 outboard 2015 (unused)


3 x fire extinguishers
4 man life raft SEAGO in valise, new 2012 and serviced 2016
5 x lifejackets with harness, light, and sprayhood.
Life tag wireless MOB system.
Manual & electric bilge pumps.
Radar reflector

(The condition or level of safety equipment on board is not to be negotiated on following survey. It is likely to be listed by most surveyors but is not structural or an integral working part of the vessel and is not to be used to further negotiate the price down after survey. We strongly suggest that for your own personal safety that when purchasing a yacht you provide new safety equipment rather than relying on second hand gear.)

Owners Comments

Major work carried out in 2010-2011. Since then there has been a continuing programme of renewal and improvement.

Nearly all the varnish to the hull was stripped to bare wood in July 2014 and AWL wood MA applied which is still as new after 2 seasons in the Med. The mast was treated with Awlwood MA this spring 2016.

The hull was repainted to the original Marineware spec in spring 2016.

Title Documents and Tax

Listed below are the documents/or copies of what we have seen on listing this yacht.

British SSR Certificate.
Current owners purchase Bill of Sale 2010
Previous Owners Bill of Sale and US Coast Guard Certification document 2006
UK HMRC Customs importation documents and evidence of VAT payment on import 2006
Current DEKPA Greek Cruising Log
Vessel is exempt of RCD status having been built in 1948 predating 1950’s rules & regs to support this.


Disclaimer and Travelling to Inspect

The Company offers the details of this vessel in good faith, in this case we are acting as Brokers only.  Whilst every care has been taken in their preparation, the correctness of these particulars is not guaranteed. The particulars are intended only as a guide and they do not constitute a term of any contract. A prospective buyer is strongly advised to check the particulars and where appropriate at his own expense to employ a qualified Marine Surveyor to carry out a survey and/or to have an engine trial conducted which if conducted by us shall not imply any liability for such engine on our part. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

Please contact Williams and Smithells to book an appointment to inspect any yacht before you book flights or pay for travel. This is to ensure you have a confirmed booking in our diary with the right amount of time allocated to inspect the yachts you want. Our yachts are not all in one marina, yard or harbour and in season do change locations. To avoid disappointment, call or email before you make travel plans. 

Additional Contact Information

Trusted British Yacht Brokers, Established almost 40 years, specialising in Cruising and Blue Water yachts permanent offices in Lefkas Marina, Ionian Greece & Portsmouth, UK. We specialise in live aboard blue water cruisers. Experienced, Professional, Qualified All Brokers are Full Members of ABYA, we work to a code of practice with safe Clients bank Accounts and carry PI Insurance. As Agents for Allures Yachting we represent a respected brand of blue water cruiser with Aluminium hulls, GRP topsides and Lifting keels. Experience our Service we sell yachts nothing else. Call us for a chat 00 44 (0)1329 827053

Please contact Williams and Smithells to book an appointment to inspect any yacht before you book flights or pay for travel. This is to ensure you have a confirmed booking in our diary with the right amount of time allocated to inspect the yachts you want. Our yachts are not all in one marina, yard or harbour and in season do change locations. To avoid disappointment, call or email before you make travel plans.