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1991 Formula 311 SR1 For Sale

$39,995
$34,000
Stock #151272 -
Available
Available
$34,000
$39,995

Have Questions?

4
1991 Formula 311 SR1 - #1
1991 Formula 311 SR1 - #1
1991 Formula 311 SR1 - #1
1991 Formula 311 SR1 - #2
1991 Formula 311 SR1 - #1
1991 Formula 311 SR1 - #2

Boat Details

Year:
1991
Type:
Power
Brand:
Formula
Category:
High Performance
Model:
311 SR1
Length (LOA):
31' 1"
Beam:
--
Draft:
34"
Trailer:
2012 MYCO
Stock #:
151272
Location:
Elkton, Maryland
(near Wilmington, DE)
Status:
Available
Storage Status:
Not currently in storage††
Engine Details
Count:
2
Year:
1991
Brand:
Mercruiser
Model:
540 CI
Size (each):
575 hp
Hours:
541 (as of 5/16/2018)
Fuel Type:
Gasoline
"FORMULA 311 SR1 ** OVER $32k in updates !! ** 1,150 HP ** 2012 Myco Trailer ** ONLY 100 hours since engine rebuild !!"

The Owner of this 1991 Formula 311 SR1 has spent over $32k since 2006 to update and upgrade this boat !!
- Motors, drives, cockpit upholstery.

** ONLY 100 or so hours since total engine rebuild in 2006 !!

ONLY 541 Original Hours !!

2012 custom MYCO triple axle traile...more

4
1991 Formula 311 SR1 - #1
1991 Formula 311 SR1 - #1
1991 Formula 311 SR1 - #1
1991 Formula 311 SR1 - #2
1991 Formula 311 SR1 - #1
1991 Formula 311 SR1 - #2
Notice Regarding Showings

There may or may not currently be travel restrictions in place where this vessel is located. As we advertise vessels nationwide, and the guidance is changing hourly, the simplest way of determining when a showing will be possible on this vessel is to contact your representative, who will know the restrictions and guidance in the area of this vessel.

Depending on travel restrictions for this area and for yourself, you may prefer to set up a virtual showing on this vessel. You may also check with your representative to confirm the availability of a virtual showing.

If you have any questions, Richard can be reached directly at (610) 283-7479 to further discuss the situation.

1991 Formula 311 SR1 High Performance in Elkton, Maryland

Stock #151272

The Owner of this 1991 Formula 311 SR1 has spent over $32k since 2006 to update and upgrade this boat !!
- Motors, drives, cockpit upholstery.

** ONLY 100 or so hours since total engine rebuild in 2006 !!

ONLY 541 Original Hours !!

2012 custom MYCO triple axle trailer is also included
($12,000 in 2012)

** Please review all the invoices for work performed on this Formula since 2006 in the photo section

~~~ Engines upgraded to 575 HP and 620 ft lbs of torque !!!

** Other mechanical upgrades include IMCO power steering, XR outdrives with IMCO lowers.


The owner was deployed in Irag for several years since 2006 and the boat was only used occasionally

Also equipped with a GARMIN GPS MAP 478 and a GARMIN 3005C GPS

Market Value from a 2012 Marine Survey = $ 52,000.00.

The boat is virtually unchanged since 2012.

Boat has been used sparingly since 2012 and in storage the past 2 seasons

Don't wait on this one.....or it will be gone !!

Information On Condition

This 1991 Formula 311 SR1 appears to be in decent condition for the year.

With over $32k invested, the Owner has spared no expense to update and upgrade this boat.

~~~ Engines upgraded to 575 HP and 620 ft lbs of torque !!!

** ONLY 100 or so hours since total engine rebuild in 2006 !!

ONLY 541 Original Hours !!

The hull and topside appeared to be in good condition

The motors and drives appeared to be in excellent condition

The cockpit appears to be in good condition

The cabin is original and appears to be on par for the year

The 2012 custom MYCO triple axle trailer looks to be in excellent condition.( $12k )

Market Value from a 2012 Marine Survey = $ 52,000.00.

Boat has been used sparingly since 2012 and in storage the past 2 seasons

Boat just had the water pumps service as well as the thermostats.
Out drive lift has been repaired
Leak in the hydraulic hose has been fixed.
Horn for boat is working.

Approximate boat location: Elkton, Maryland


We have several active listings for Sea Ray, Regal, Wellcraft, and Chris-Craft. If you're in the Philadelphia, Baltimore, Columbia, or Reading areas, please use the form on this page to let me know what you're looking for and I'll get back with you today about any other high performance boat options we have locally that may meet your needs.

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Basic Details
Year:
1991
Type:
Power
Brand:
Formula
Category:
High Performance
Model:
311 SR1
Length (LOA):
31' 1"
Hours:
541
(as of 5/16/2018)
Stock #:
151272
Location:
Elkton, Maryland
Storage Status:
Not currently in storage ††
(as of 8/17/2019)
Engine & MechanicalMech.
Count:
2
Year:
1991
Brand:
Mercruiser
Model:
540 CI
Hours:
541
(as of 5/16/2018)
Size (each):
575 hp
Fuel Type:
Gasoline
Fuel Tank:
151 gals
Propeller:
Stainless Steel
Cruising Speed:
50 mph
Maximum Speed:
80 mph
Drive Brand:
Mercruiser
Drive Model:
Bravo One XR
Drive Type:
Stern Drive
Config.:
Inboard/Outboard
Bilge Blower:
Bilge Pump:
Trim Tabs:
K Planes
Dimensions & Specifications & Specs
Length Overall:
31' 1"
Min. Draft:
34"
Weight:
7,950 lbs
NavigationalNav. Equipment
Navigation Lights:
VHF:
Compass:
Ritchie
GPS / Plotter:
GARMIN GPS MAP 478 AND GARMIN 3005C GPS
Deck Features
Anchor Locker:
Cockpit Cover:
Dropdown Bolsters:
Sun Pad:
Swim Ladder:
Swim Platform:
Safety EquipmentEquip.
Life Jackets:
Fire Extinquisher:
Two
Fume Detector:
Safe T Alert
Fire Suppression System:
Halon
ElectricalElec. Components
Accessory Switches:
Battery Charger:
Battery Switch:
CD Player:
Fuel Gauge:
Hour Meter:
Speakers:
Speedometer:
Stereo:
Tach:
Trailer IncludedIncl.
Included:
Yes
Year:
2012
Brand:
MYCO
Material:
Steel
# Axles:
3
Spare Tire:
Yes
Breakaway Hitch:
No
Our company makes no claim of road worthiness of trailer. If not maintained adequately, it may not be fit for travel. We recommend a thorough inspection prior to purchase.
Accommodations & Passengers
Pass. Capacity:
10
# Cabins:
1
Sleep. Capacity:
2
# Berths:
1
Generator:
No
Air Conditioning:
No
Non-Smoking:
Pet-Free:
Cabin:
Cabin Door:
Cabin Lighting:
Cabinets:
Carpet:
Countertops:
Dinette:
Refrigerator:
Sink:
V Berth:
Porta-potty:
ConstructionConst. Features
Hull Material:
Fiberglass
Hull Shape:
Deep Vee
Ask a Question
Submit an Offer  
Priced At:
$34,000
My Offer:

  All reasonable offers will be reviewed and presented to the seller.

  All offers are contingent upon being fully satisfied with unit after personal inspection and/or professional inspection.

This form is only for starting a conversation. Submitting this form DOES NOT actually obligate you to proceed with submitting a written offer.

We work closely with several marine lenders to offer you competitive rates and flexible financing options to get you approved and on the water quickly. Click the button below to view some of the lenders we work with.

Financing may not be available for this vessel, due either to its age or category. However, banks are giving marine loans, and we would love to get you started in a discussion about financing.

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Offshore Financial
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(941) 961-9477
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Excel Credit, Inc.
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Newcoast Financial
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(727) 324-1362

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