$369,999 | Forked River, New Jersey

Exceptionally clean, extensively optioned, and thoughtfully upgraded, this 2012 Formula 45 Yacht is an outstanding example of Formula’s flagship cruising yacht.

Finished in Formula’s striking Black Cherry Flagship exterior with Latte and Morning Sand accents, this 45 Yacht has a sophisticated presence that still looks exceptional today. The interior is equally impressive, with Saddle seating, Baltic Birch flooring, Ash upper cabinetry, Deep Zebrano lower cabinetry, Bronzite Corian surfaces, and Formula’s Tropical Sunrise décor package creating a warm, upscale cabin.

This boat shows extremely well. The cockpit, cabin, upholstery, cabinetry, flooring, and finishes have been maintained to a level that immediately separates it from the typical 2012 boat.

Powered by twin Volvo Penta IPS 600 diesels producing 435 HP each, with approximately 912 hours, she combines strong performance with the maneuverability and efficiency that make IPS-equipped yachts so desirable. Volvo IPS joystick control makes docking and close-quarters maneuvering substantially easier.

The Westerbeke generator has approximately 615 hours.

One of the most significant improvements to this yacht is an extensive Raymarine electronics installation completed in 2023 at a reported cost of approximately $60,000.

The upgraded system includes:

• Twin Raymarine Axiom Pro multifunction displays

• Raymarine Synthetic Vision

• Raymarine network camera

• FLIR thermal/night-vision camera

• Integrated Raymarine navigation system

• Radar

• Autopilot

• GPS/chartplotter functionality

This is a substantial upgrade over the yacht’s original navigation electronics and gives the helm a considerably more modern navigation, situational-awareness, and nighttime-operating package.

• Twin Volvo Penta IPS 600 diesel engines

• 435 HP each / 870 total HP

• Approximately 912 engine hours

• Volvo IPS joystick control

• Westerbeke generator – approximately 615 hours

• Approximately 48'2" LOA

• Formula Black Cherry Flagship hull finish

• Latte boot stripe with Morning Sand accent

• Approximately $60,000 electronics installation completed in 2023

• Twin Raymarine Axiom Pro displays

• Raymarine Synthetic Vision

• Raymarine network camera

• FLIR thermal/night-vision camera

• Raymarine radar and autopilot

• Hydraulic personal watercraft lift / swim platform

• Teak-grain cockpit and swim-platform decking

• Hardtop

• Full aft cockpit bimini enclosure

• 30,000 BTU cockpit air conditioning

• Satellite TV system

• Sirius Weather

• Cockpit HDTV/DVD

• Cockpit refrigerator/icemaker

• Cockpit electric grill

• Fuel crossover valving system

• Shore power

• Vacuum-flush head with holding tank and macerator

• Stainless-steel security safe

• Windshield lifting bar

• Electric winch

• Swim ladder

• Cockpit table and cushions

The Black Cherry Flagship hull is one of the defining features of this boat. Paired with Formula’s Latte boot stripe and Morning Sand accent, it gives the yacht a rich, distinctive appearance without looking overstated.

The cockpit was designed for both entertaining and serious cruising. Generous seating provides plenty of room for guests, while 30,000 BTU cockpit air conditioning makes the space considerably more comfortable in warmer weather.

Cockpit amenities include:

• Electric grill

• Refrigerator/icemaker combination

• HDTV/DVD system

• Cockpit speakers

• Corian surfaces

• Full aft cockpit enclosure

• Teak-grain decking throughout the cockpit and swim platform

At the stern, the hydraulic personal watercraft lift is a particularly valuable factory option, providing an excellent setup for carrying a tender or PWC while cruising.

The helm combines excellent visibility, Volvo IPS maneuverability, and a significantly upgraded modern electronics package.

A major electronics refit completed in 2023 at a reported cost of approximately $60,000 brought the navigation and situational-awareness systems substantially forward from the yacht’s original equipment.

Current helm equipment includes:

• Twin Raymarine Axiom Pro multifunction displays

• Raymarine Synthetic Vision

• Raymarine network camera

• FLIR thermal/night-vision camera

• Raymarine radar

• Raymarine autopilot

• GPS/chartplotter functionality

• Volvo IPS joystick control

• Sirius Weather

• Compass

• Windshield lifting bar

The FLIR thermal imaging system is particularly useful for nighttime operation, providing another layer of situational awareness when identifying vessels, markers, docks, and other objects in low-light conditions.

Below deck, the Formula 45 Yacht feels considerably more substantial than a conventional express cruiser.

The interior was originally ordered with Formula’s upgraded Tropical Sunrise décor package, complemented by:

• Saddle cabin seating

• Baltic Birch flooring

• Ash upper cabinetry

• Deep Zebrano lower cabinetry

• Bronzite Corian surfaces

• Rich wood-grain finishes

• Air conditioning

• Hot water

• Refrigerator

• Marine head

• Vacuum-flush sanitation system

The combination of Saddle-toned upholstery, contrasting wood cabinetry, and lighter flooring creates a warm, comfortable interior that has aged remarkably well.

Most importantly, the condition is exceptional. The cabin is remarkably clean and presents as a yacht that has been cared for rather than simply used.

Twin Volvo Penta IPS 600

• Engine Type: Inboard Diesel

• Horsepower: 435 HP each

• Total Horsepower: 870 HP

• Engine Hours: Approximately 912

• IPS Drives

• Joystick Control

Westerbeke Generator

• Approximately 615 hours

This 45 Yacht carried a base MSRP of approximately $1,038,000 before options and was originally ordered with an extensive equipment package.

Notable factory options included:

• Black Cherry Flagship hull – $9,875

• Tropical Sunrise décor package – $5,690

• Full aft cockpit bimini enclosure – $1,945

• Fuel crossover valving system – $2,200

• Original Raymarine chartplotter / HD radar / autopilot package – $27,345

• Sirius Weather – $1,810

• Cockpit HDTV/DVD – $2,265

• Satellite TV system – $10,940

• 30,000 BTU cockpit A/C – $9,880

• Cockpit refrigerator/icemaker

• Cockpit electric grill – $3,235

• Stainless-steel security safe

• Windshield lifting bar – $3,000

• Hydraulic personal watercraft lift – $33,435

• Cockpit/swim-platform teak-grain decking – $18,850

The yacht’s substantial original factory equipment was further enhanced by the approximately $60,000 electronics installation completed in 2023, including twin Axiom Pro displays, Synthetic Vision, network camera, and FLIR thermal imaging.

• Twin Volvo Penta IPS 600 diesels

• 435 HP each

• 870 total HP

• Approximately 912 hours

• IPS pod drives

• Volvo joystick control

• Fuel crossover valving system

• Approximately $60,000 electronics installation completed in 2023

• Twin Raymarine Axiom Pro multifunction displays

• Raymarine Synthetic Vision

• Raymarine network camera

• FLIR thermal/night-vision camera

• Raymarine radar

• Raymarine autopilot

• GPS/chartplotter

• Sirius Weather

• Compass

• Westerbeke generator

• Approximately 615 generator hours

• Shore power

• Hydraulic personal watercraft lift

• Teak-grain cockpit decking

• Teak-grain swim-platform decking

• Hardtop

• Full aft cockpit bimini enclosure

• 30,000 BTU cockpit air conditioning

• Cockpit electric grill

• Cockpit refrigerator/icemaker

• Cockpit HDTV/DVD

• Cockpit speakers

• Corian surfaces

• Cockpit table

• Cockpit cushions

• Swim ladder

• Electric winch

• Windshield lifting bar

• Satellite TV system

• Cockpit HDTV/DVD

• Cockpit audio system

• Tropical Sunrise décor package

• Saddle cabin seating

• Baltic Birch flooring

• Ash upper cabinetry

• Deep Zebrano lower cabinetry

• Bronzite Corian surfaces

• Air conditioning

• Hot water

• Refrigerator

• Marine head

• Vacuum-flush sanitation system

• Holding tank

• Macerator

• Stainless-steel security safe

This Formula 45 Yacht combines exceptional cosmetic condition, IPS 600 diesel power, joystick control, an extensive factory option list, hydraulic PWC lift, low generator hours, and a major 2023 electronics upgrade.

The twin Axiom Pro displays, Synthetic Vision, Raymarine network camera, and FLIR thermal imaging system are particularly important additions, bringing the helm technology well beyond what would normally be expected aboard a 2012 yacht.

Finding a Formula 45 Yacht is one thing. Finding one with the Black Cherry Flagship finish, IPS 600 diesels, hydraulic PWC lift, extensive factory equipment, approximately $60,000 in updated electronics, and this level of cosmetic condition is considerably more difficult.

This is a beautifully kept and exceptionally comfortable yacht equipped for entertaining, weekends aboard, and extended cruising.

Located at Tides End Marina in Forked River, New Jersey.