Cigarette 38 Top Gun
Performance Powerboats, 38 ft
Used $55K to $750K
Performance powerboats exist for one reason, the thrill of going very fast on the water. Long, narrow deep-V hulls, stepped bottoms, catamaran tunnels and huge horsepower combine to produce boats that can run at speeds most yachts never approach. In the US, the go-fast world is concentrated in South Florida, the Gulf Coast, the Lake of the Ozarks and the poker-run circuit.
Performance Powerboats, 38 ft
Used $55K to $750K
Performance Powerboats, 59 ft
Used $2.2M to $3.8M
Performance Powerboats, 51 ft
Used $1.3M to $1.9M
Performance Powerboats, 16 ft
Used $8K to $65K
Performance Powerboats, 23 ft
Used $30K to $150K
Performance Powerboats, 25 ft
Used $30K to $95K
Performance Powerboats, 28 ft
Used $90K to $200K
Performance Powerboats, 38 ft
Used $450K to $800K
Performance Powerboats, 47 ft
Used $110K to $380K
Performance Powerboats, 42 ft
Used $600K to $1.65M
Performance Powerboats, 39 ft
Used $575K to $900K
Performance Powerboats, 34 ft
Used $180K to $550K
Performance Powerboats, 39 ft
Used $200K to $840K
Performance Powerboats, 38 ft
Used $600K to $1M
Performance Powerboats, 34 ft
Used $180K to $480K
Performance Powerboats, 32 ft
Used $180K to $470K
Performance Powerboats, 38 ft
Used $25K to $120K
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Our coverage includes two Cigarette Racing Team models, the classic Cigarette 38 Top Gun and the luxury Cigarette 59 Tirranna, the Fountain 47 Lightning from North Carolina, and the Donzi 16 Classic, a small speed boat whose 1960s ancestors helped create the category.
This page explains hull types, the culture, the costs and what to check before buying a used high-performance boat.

The term covers several kinds of boats. Classic go-fast V-bottoms, like the Cigarette 38 Top Gun and Fountain 47 Lightning, have long, narrow deep-V hulls designed for high speeds in offshore conditions. Catamarans use tunnel hulls that trap air for lift and can be even faster. Performance center consoles, like the Cigarette 59 Tirranna, combine high speed with open-deck layouts and luxury features.
Small speed boats deliver the same excitement at a fraction of the cost. The Donzi 16 Classic recalls the compact runabouts Aronow's Donzi built in the 1960s, small enough to trailer behind an SUV and quick enough to feel thrilling at modest speeds. For many buyers, a small speed boat is the right first step before moving up to a big offshore go-fast.
No figure looms larger in American performance boating than Don Aronow. After moving to Miami in 1959 and taking up offshore racing, he founded Formula Marine in 1962, Donzi Marine in 1964, Magnum Marine in 1966 and the Cigarette Racing Team in 1970. His boats attracted celebrities, politicians and business leaders, and his companies helped define the look and performance of the American offshore powerboat.
Aronow died in 1987, but Cigarette and Donzi remain active brands. The deep-V offshore hull that he helped popularize remains the foundation of the go-fast world.
Not every great American go-fast came from Miami. Fountain Powerboats, founded by offshore racer Reggie Fountain and based in Washington, North Carolina, built its name on fast, rough-water V-bottoms and sportfishing boats that raced and won on the offshore circuit. The Fountain 47 Lightning is a classic expression of that approach: a long, narrow hull, big twin or triple engines and a cockpit built around the driver and throttleman.
Fountains appear regularly on the used market, and their strong racing pedigree keeps a loyal following. As with any older performance boat, the engines and drives matter more than the badge, so value a used Lightning on its mechanical condition first.
Hull choice determines speed, ride and handling. The table compares the main types.
| Hull type | Examples | Strengths | Trade-offs |
|---|---|---|---|
| Deep-V go-fast | Cigarette 38 Top Gun, Fountain 47 Lightning | Rough-water capability, classic style | Heavy fuel burn, limited interior |
| Performance catamaran | Offshore racing and poker-run cats | Very high top speeds, efficient at speed | Demanding handling, needs skill |
| Performance center console | Cigarette 59 Tirranna | Speed with open deck and luxury | Very high purchase and running costs |
| Small speed boat | Donzi 16 Classic | Affordable, nimble, fun | Limited range and capacity |
Performance boats burn fuel at rates that surprise many first-time owners. High-horsepower gasoline engines, often from Mercury Racing, can consume large amounts of fuel at high speeds. Running costs also include engine and drive maintenance, which is more frequent than on cruising boats.
Engines and drives on high-performance boats require specialist service. Many owners rely on dealers who know performance boats and their systems.
The industry has also moved toward outboards. Large four-stroke outboards now power many performance center consoles and some V-bottoms, offering simpler maintenance than stern-drive inboards and the option to tilt engines clear of the water. Big inboard packages remain the choice for the fastest offshore boats, where drive strength and torque at very high speeds matter most.
At high speeds, small mistakes become serious. Performance boat owners should invest in training, from basic boat handling to advanced high-speed courses. Proper safety gear, including life jackets designed for high-speed use, matters.
In the US, operators of recreational boats under 26 feet must use an engine cut-off switch when the boat is on plane or above displacement speed, if one is installed. Many performance boat owners use them on larger boats too.
Performance boating has a strong social scene. Poker runs, where boats run a course between checkpoints, attract fleets of go-fast boats in Florida, the Gulf Coast and the Midwest. The Lake of the Ozarks Shootout draws crowds to watch boats make high-speed runs. Offshore racing events in Florida, including Key West, keep the racing heritage alive.
The community is one of the best resources for a new owner. Poker-run veterans know which mechanics are trustworthy, which hulls are prone to problems and how to set up a boat for rough water. Spending a season riding along before buying is a smart way to learn what kind of performance boat suits you.
Used performance boats can be bargains or money pits. Check engine hours and rebuild history, drive condition and hull integrity. Boats with race history may have been driven hard, and repairs may not be obvious. A survey by a specialist familiar with performance boats is essential.
Classic boats, like older Cigarettes, Donzis and Fountains, have dedicated followings. Well restored examples can hold value, but restoration costs can exceed the boat's market value.
| Size | New | Used |
|---|---|---|
| Under 25 ft | $100,000 to $250,000 | $10,000 to $150,000 |
| 30 to 39 ft | $500,000 to $1,200,000 | $60,000 to $900,000 |
| 40 to 50 ft | $1,000,000 to $2,600,000 | $150,000 to $2,000,000 |
| Over 50 ft | $2,500,000 to $4,500,000 | $1,000,000 to $3,800,000 |
Typical US asking and sail-away ranges in 2026. Condition, engines and equipment move individual boats well outside these bands.
A performance powerboat is designed for high speed, using deep-V, stepped or catamaran hulls and large engines. Cigarette and Fountain are well-known builders.
New 30 to 39 foot performance boats typically cost about $500,000 to $1.2 million in 2026. Used boats start much lower depending on age and condition.
Don Aronow founded Cigarette Racing Team in 1970, after earlier founding Formula, Donzi and Magnum.
It is not legally required, but high-speed boat handling courses are strongly recommended.
The Donzi 16 Classic is a small speed boat inspired by the original 1960s Donzi, offering nimble handling and classic style.