Like the rest of the industry, we are experiencing inventory shortages due to COVID-19. Boats are selling quickly so please confirm availability.

1987 Formula Thunderbird F242 LS For Sale

$13,750
Stock #235155 -
Available
Available
$13,750

Have Questions?

1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
Original Logo on Gauge Panel
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
Original Logo on Gauge Panel

Boat Details

Year:
1987
Type:
Power
Brand:
Formula
Category:
High Performance
Model:
Thunderbird F242 LS
Length (LOA):
24' (7.32m)
Beam:
8'
Draft:
31"
Trailer:
1994 Magic Tilt
Stock #:
235155
Location:
Sherrills Ford, North Carolina
(near Huntersville)
Status:
Available
Storage Status:
Not currently in storage††
Reason for Selling:
Life changes
Engine Details
Count:
1
Year:
--
Brand:
Mercruiser
Model:
454 Mag
Size:
330 hp
Hours:
1,017 (as of 2/24/2021)
Fuel Type:
Gasoline
"Classic New York High Performance Thunderbird by Formula POWERED BY A MERCRUISER 454 / 7.4L / V8!!!"

Summers in Long Island New York during the mid 1980s were famous for many events with Phil Collins, Bruce Springsteen, and Billy Joel outdoor concerts, baseball and poker run races and Formula brand boats as local winners.

The 1987 Thunderbird was hot, and with a deep cutting hull, was perf...more

1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
Original Logo on Gauge Panel
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
Original Logo on Gauge Panel
246
photos
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
246
photos
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
246
photos
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
246
photos
1987 Formula Thunderbird F242 LS  photo 2/18/21 Debbie Ericson
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, Debbie can be reached directly at (803) 833-0502 to further discuss the situation.

1987 Formula Thunderbird F242 LS High Performance in Sherrills Ford, North Carolina

Stock #235155

Summers in Long Island New York during the mid 1980s were famous for many events with Phil Collins, Bruce Springsteen, and Billy Joel outdoor concerts, baseball and poker run races and Formula brand boats as local winners.

The 1987 Thunderbird was hot, and with a deep cutting hull, was perfect for the salty large waters to race and cruise. The F24 for sale originated in Long Island, NY.

In 1983 the Versatile 242 Series was on its way with the 242 LS Sport Boat in the Thunderbird/Formula line-up. Significant was the Deep Vee high performance with an off shore designed boat. In 1984 the Silent Thunder Exhaust System was patented. Seen on this boat in NC is the Silent Thunder label, see photo #7

Formula brand boats were manufactured on the East Coast before the Indiana plant was up. Thunderbird was infamous for style, large engines, classy features, and the velvet cubby cabins.

The F242 LS near Lake Norman, NC has been restored by its current owner a mechanic. He purchased the boat without an engine and outdrive and rebuilt the engine - see photos - with what any high performance boat owner would want. Currently according to seller at 20 hours (since he rebuilt it) on the Mercruiser 454 Magnum Thunderbolt Ignition power steering engine with a new carburetor.

The Mercruiser outdrive - Alpha One has a damage free prop and is clean with no pitting on the drive and free from any rust or corrosion.

This Formula features the Stainless Marine Thruhull Exhaust System.

The restoration includes new upholstery and new pedestal seats. The aft has a large sun pad. The cabin has soft grey velvet seating, opening skylights, and storage.

The hull is truly a deep vee and perfect for intercoastal and off shore choppy waters. Salt water was expected for this boat design. Currently the boat has been in fresh water.

The trailer has hydraulic brakes, new wheel cylinders and brakes, new wheel bearings and hubs and new lights.

Make this your summer to live the 1980s again, and put on your favorite Springsteen hits and rock on with owning a real 1987 Thunderbird.

Information On Condition

The boat has a rebuilt engine with 20 hours since the rebuild ( according to the seller) , the seats are new, the hull is without damage, the bottom paint needs to be redone, outdrive appears good, there is some crazing on the edge of the swim platform, the cabin door has a crack in the right side of the lid on top. Interior cabin is normal condition for age of boat. Steering Wheel has aged.

New fuel filter, new speedometer assembly, new pedestal seats August 2020

Recommended oil change and regular maintenance, seller is a mechanic

Approximate boat location: Sherrills Ford, North Carolina


We have several active listings for Sea Ray, Chaparral, Cruisers Yachts, and Wellcraft. If you're in the Charlotte, Winston-Salem, Concord, or Rock Hill 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 / cuddy cabins options we have locally that may meet your needs.

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Formula Boats: Three Generations of Quality Boatbuilding
Basic Details
Year:
1987
Type:
Power
Brand:
Formula
Category:
High Performance
Model:
Thunderbird F242 LS
Length (LOA):
24' (7.32m)
Hours:
1,017
(as of 2/24/2021)
(fresh & salty)
Stock #:
235155
Location:
Sherrills Ford, North Carolina
Storage Status:
Not currently in storage ††
(as of 2/21/2021)
(Stored Covered in Garage)
Engine & MechanicalMech.
Count:
1
Brand:
Mercruiser
Model:
454 Mag
Hours:
1,017
(as of 2/24/2021)
(fresh & salty)
Size:
330 hp
Fuel Type:
Gasoline
Propeller:
Stainless Steel
Cruising Speed:
23 mph
Maximum Speed:
55 mph
Drive Brand:
Mercruiser
Drive Model:
Alpha One
Drive Type:
Stern Drive
Config.:
Inboard/Outboard
Silent Choice Exhaust:
Throttle/shift: Elec:
Trim Tab Controls:
Trim Tabs:
Bilge Pump:
Carbureted:
Number Of Eng Cylinders:
8
Dimensions & Specifications & Specs
Length Overall:
24'
Beam:
8'
Min. Draft:
31"
Weight:
4,300 lbs
NavigationalNav. Equipment
Compass:
Garmin:
Deck Features
Bench Seat:
Beverage Holders:
Captain's Chair:
Cleats - Fixed:
Glove Box:
Non-skid Deck:
Passenger Seat:
Pedestal Seats:
Rub Rails:
Self Bailing Cockpit:
Steering Wheel:
Sun Pad - Aft:
Swim Ladder:
Transom - Closed:
Windscreen:
Skylights In Cabin:
Bow Rail:
Anchor:
Danforth
Cover - Full Boat:
12 X 24
Safety EquipmentEquip.
Engine Kill Switch:
Grab Rails:
Halon Fire Suppression:
ElectricalElec. Components
Speedometer:
Stereo:
Volt Meter:
Water Temp Gauge:
Battery Switch:
Courtesy Lights:
Fuel Gauge:
Hour Meter:
Stereo Speakers:
Cabin Overhead Lights:
Number Of Batteries:
2
Trailer IncludedIncl.
Included:
Yes
Year:
1994
Brand:
Magic Tilt
Material:
Galvanized Aluminum
# Axles:
2
# Brakes:
4
Brake Type:
Hydraulic
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:
5
# Cabins:
1
Sleep. Capacity:
1
# Berths:
1
Water Capacity:
0 gals
Waste Capacity:
0 gals
Generator:
No
Air Conditioning:
No
Non-Smoking:
Pet-Free:
Cabin Lighting:
Cabinets:
Carpet - Cabin:
Cuddy Cabin:
Sink - Cabin:
V Berth:
Window Treatments:
ConstructionConst. Features
Designer:
Formula
Hull Material:
Fiberglass
Hull Shape:
Deep V
Hull Hours:
1017 ††††
Exterior Color:
Sand
Interior Color:
Black White Yellow
Ask a Question
Submit an Offer  
Priced At:
$13,750
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 Rock Solid Funding to offer you competitive rates and flexible financing options to get you approved and on the road quickly. Click the "Apply Now" button below to get started.

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

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Call Debbie at (803) 833-0502
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