Back Cove 26
Downeast Yachts, 27 ft
Used $55K to $95K
Downeast yachts take the shape of the Maine lobster boat, with its high, sheered bow, low trunk cabin, tumblehome or flat transom and long protective keel, and turn it into a refined cruising or picnic boat. They are some of the most recognizable boats on the water, and they hold a special place in New England, the Chesapeake and the Pacific Northwest.
Downeast Yachts, 27 ft
Used $55K to $95K
Downeast Yachts, 34 ft
Used $150K to $260K
Downeast Yachts, 40 ft
Used $440K to $760K
Downeast Yachts, 42 ft
Used $300K to $700K
Downeast Yachts, 46 ft
Used $450K to $980K
Downeast Yachts, 28 ft
Used $110K to $230K
Downeast Yachts, 31 ft
Used $135K to $190K
Downeast Yachts, 27 ft
Used $40K to $260K
Downeast Yachts, 39 ft
Used $180K to $1.95M
Downeast Yachts, 34 ft
Used $300K to $560K
Downeast Yachts, 55 ft
Used $1.05M to $1.65M
Downeast Yachts, 42 ft
Used $330K to $675K
Downeast Yachts, 49 ft
Used $900K to $1.35M
Downeast Yachts, 69 ft
Used $550K to $2M
Downeast Yachts, 42 ft
Used $150K to $750K
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The best-known examples include the Hinckley Picnic Boat, which helped define the modern downeast yacht in the 1990s, Back Cove's single-engine cruisers, Sabre's elegant express and salon yachts, and the lightweight MJM range created by J/Boats cofounder Bob Johnstone. Beyond these production builders lies a world of small Maine yards finishing lobster boat hulls as custom yachts.
This guide explains what makes a boat downeast, how the hull works, the propulsion options and why these yachts tend to hold their value.

Maine lobstermen needed boats that could work in steep, cold seas, carry heavy loads of traps, run economically on a single engine and stay stable while hauling. Over generations, builders refined a hull with a fine entry, a long keel and a flat run aft that could carry speed efficiently.
Yachtsmen noticed. By the late twentieth century, builders were finishing lobster boat hulls with yacht interiors, varnished trim and cruising comforts. Hinckley, founded in 1928 in Southwest Harbor, Maine, introduced the Picnic Boat in 1994, blending yacht and lobster boat traditions and creating a template that many others followed.
Traditional downeast hulls are semi-displacement designs with a long keel that protects the propeller and rudder. The keel improves tracking and makes groundings less damaging, which matters in rocky New England waters. Many modern downeast yachts use more planing-oriented hulls with modified keels to reach higher speeds while keeping the look.
The style is not just cosmetic. A high bow throws spray away from the cockpit, a large cockpit makes the boat practical for guests and gear, and the low profile keeps windage modest.
Each builder interprets the style differently. The table shows how the models we review approach propulsion and use.
| Model | Builder base | Propulsion approach | Character |
|---|---|---|---|
| Hinckley Picnic Boat | Maine | Waterjet drive | The icon, shallow draft, varnished elegance |
| Back Cove 37 | Maine | Single inboard diesel with thrusters | Efficient, practical coastal cruiser, built 2009 to 2020 and replaced by the 372 |
| Back Cove 34O | Maine | Twin outboards | Downeast styling with outboard simplicity |
| Sabre 38 Salon Express | Maine | Twin diesels | Upscale salon layout for couples |
| MJM 50z | Massachusetts | Pod drives | Lightweight composite build, efficient and fast; now a retired model |
Single inboard diesels are traditional and efficient. Back Cove has built much of its reputation on single-engine designs with bow and stern thrusters that make docking manageable. Twin diesels offer redundancy and easier close-quarters handling.
The Hinckley Picnic Boat introduced waterjet propulsion to many yacht owners, and Hinckley's JetStick joystick system, introduced in 1998, made docking easier. Pod drives on yachts like the MJM 50z offer efficient cruising and joystick control. Outboards, as on the Back Cove 34O, are increasingly popular for simplicity and serviceability.
Many downeast yachts are designed for day trips and weekend cruising rather than extended voyages. A cockpit with comfortable seating, a small galley, a head and a V-berth forward support lunch at a quiet anchorage or a night or two aboard.
Larger downeast yachts such as the Sabre 38 Salon Express and MJM 50z have more interior space for longer cruises. For couples cruising New England, the Chesapeake or the Pacific Northwest, they offer a satisfying balance of style, comfort and seaworthiness.
Many owners keep a downeast yacht as a second boat, a summer day cruiser in Maine or on Nantucket Sound alongside a larger yacht in Florida. Others use one as their only boat because it is easy to handle as a couple, fits in most marinas and turns heads in every harbor.
Not every downeast yacht is heavy. MJM Yachts, founded by J/Boats cofounder Bob Johnstone, applied racing-sailboat thinking to powerboats, using resin-infused composite construction to keep weight down. Lighter boats need less power for the same speed, burn less fuel and ride differently, with a quicker motion than a heavy semi-displacement hull.
The MJM 50z is the largest model we review in this category, combining classic downeast proportions with pod drives and a layout aimed at a cruising couple. MJM has since retired it in favor of its X, V and R series, so buyers find it on the brokerage market. Buyers should sea trial a light boat and a heavier boat back to back, because the difference in motion is a matter of personal taste as much as engineering.
Beyond production builders, many Maine yards take molded lobster boat hulls from shops such as Young Brothers, Calvin Beal, Wesmac and Duffy and finish them as custom yachts or working boats. A yacht finish on a commercial-grade hull can produce a boat that is tougher than many production cruisers, tailored to an owner's needs and full of local craftsmanship.
Custom yachts can be excellent value used, but quality varies widely between yards. Research the builder, ask for the hull manufacturer, and get a thorough survey.
Downeast yachts tend to hold value well thanks to timeless styling, quality construction and a loyal buyer base. Well maintained Picnic Boats, Back Coves and Sabres sell steadily on the brokerage market. Varnish, teak and paint require upkeep, and buyers pay a premium for boats that have been kept in Bristol condition.
When shopping used, expect to see older Picnic Boats from the late 1990s and 2000s alongside nearly new Back Coves. The older boats can be good value, but budget for jet drive service, electronics, canvas and brightwork. Check the hull for blisters and the decks for moisture around hardware, and confirm whether the boat has spent winters indoors, which is common in New England and makes a visible difference to varnish and gelcoat.
| Size | New | Used |
|---|---|---|
| 28 to 34 ft | $500,000 to $950,000 | $150,000 to $750,000 |
| 35 to 40 ft | $900,000 to $1,700,000 | $250,000 to $1,250,000 |
| 41 to 50 ft | $1,500,000 to $3,500,000 | $400,000 to $2,800,000 |
| Over 50 ft | $3,000,000 to $6,500,000 | $1,000,000 to $4,500,000 |
Typical US asking and sail-away ranges in 2026. Condition, engines and equipment move individual boats well outside these bands.
A downeast yacht uses the style and hull form of a Maine lobster boat, with a high bow, low cabin and long keel, finished as a cruising or day yacht.
Downeast refers to coastal Maine and the Maritime provinces. Sailing ships heading there from Boston sailed downwind and east, giving the region its name.
New Picnic Boats are typically priced well above $1 million in 2026. Used examples range widely depending on age and condition.
Yes, many are built with protected running gear and thrusters for docking. Good maintenance and a reliable engine are key.
Hinckley, Back Cove and Sabre yachts tend to hold value well when maintained to a high standard.
Yes, their modest draft, efficient hulls and big cockpits suit protected cruising grounds well. Many owners use them on the Chesapeake, Long Island Sound, the Great Lakes and in the Pacific Northwest.