Beneteau Performance Sailboats

Beneteau First 38, a 1980s Berret Masthead Classic Worth Knowing

Fine ends, a lofty masthead rig and a two-head, three-cabin interior. The Berret First 38 is still one of the best value 40-footers afloat.

1982 to present Discontinued Updated

Beneteau Oceanis 311 at anchor in the UK
For reference, Beneteau Oceanis 311 at anchor in the UK, not the Beneteau First 38. Photo: Timbow001, CC0, source
Length
40.2 ft12.25 m
Beam
12.8 ft3.9 m
Draft
6.9 ft2.1 m
Cabins
3 (forward V-berth cabin, two aft doubles)
Used price
$28K to $65K
On this page
  1. Overview
  2. The Beneteau 38 First in plain terms
  3. Fine ends and a 1980s masthead plan
  4. How it sails, according to an owner and a tester
  5. A U-shaped saloon and a hidden second head
  6. Teak decks, a grid and a removable cockpit sole
  7. What a First 38 costs to keep
  8. First 38, First 38s5 and the Moorings 38
  9. Specifications
  10. Price and value
  11. Strengths and weaknesses
  12. Used buyer checklist
  13. Rivals
  14. Our verdict
  15. FAQ

The Beneteau First 38 is a 1982 Jean Berret masthead sloop, sold in the US as the Beneteau 38. About 40 ft overall on an 11.75 m hull, it has three cabins, two heads, an iron fin keel and a spade rudder, and fetches modest prices today.

Best for
  • Couples and families wanting an affordable bluewater-capable cruiser
  • Buyers comfortable managing an older boat's refit list
  • PHRF racers on a tight budget
  • Sailors who value a second head over modern volume

Beneteau First 38 by the numbers

LOA 40' 2" / 12.25 mBeam 12' 10" / 3.90 mBow
Plan view drawn to scale from the published length and beam.
Sail area to displacement
20.0Balanced power for coastal and offshore cruising.
Displacement to length
203Moderate displacement, a classic cruising balance between load carrying and speed.
Theoretical hull speed
7.8 knThe practical top speed of a displacement monohull under normal sailing, based on waterline length.
Ballast ratio
38%A typical ballast ratio for a cruising monohull.
Capsize screening
1.97Below 2.0, the traditional threshold for offshore suitability.
Motion comfort ratio
25.6Moderate motion comfort, typical of modern cruisers.
Length to beam ratio
3.14 : 1Moderate proportions.

Length compared with the 69 performance sailboats we cover

12 ft56 ft

The Beneteau 38 First in plain terms

Searches for beneteau 38 first usually lead to one boat: the First 38 that Jean Berret drew for Beneteau in 1982, which American dealers sold simply as the Beneteau 38. Beneteau's own archive describes it as a powerful offshore sailboat, handsomely fitted out and finished to a standard rarely seen on series-built yachts, laid out for comfortable cruising with eight crew. The same text says it was the ideal boat for rental and charter companies, and a 38S version let offshore racers enter the big international classics.

That charter link is real. Sailboatdata lists a Moorings 38, first built in 1985, based on the First 38 with a shoal keel, a shorter rig and an interior adapted for charter work. If you are looking at a 1985 Beneteau First 38, ask whether it started life in a charter fleet.

Fine ends and a 1980s masthead plan

Berret gave the First 38 fine ends, a sweeping sheer and a low coachroof, and Yachting Monthly's Dick Durham called it a thoroughbred the moment you see the racy shape and lofty rig. The hull is about 11.75 m (38 ft 7 in) long, with sailboatdata quoting 12.25 m overall, a 10.32 m waterline and a 3.90 m beam. Displacement is about 8,000 kg (17,636 lb) with 3,000 kg of iron ballast, which gives a ballast ratio of 37.5 percent.

Those numbers make it a moderate, slightly heavy cruiser-racer by modern standards. Sailboatdata calculates a displacement to length ratio of about 203, a sail area to displacement ratio of about 20 using the reported sail area, a Brewer comfort ratio near 25.6 and a capsize screening value of 1.97, just inside the 2.0 offshore threshold. Hull speed is about 7.8 knots.

  • Standard rig: I 14.71 m, J 4.40 m, P 12.90 m, E 4.22 m
  • Tall rig: I 15.30 m, P 13.50 m, about 62 square meters of foretriangle and main
  • Short rig: I 14.33 m, P 12.98 m
  • Genoa about 48.5 square meters and a spinnaker of about 109 square meters, per Yachting Monthly

How it sails, according to an owner and a tester

Yachting Monthly took the 1986-built Siesta out of Brighton Marina in an 18 to 20 knot apparent northeasterly. Close-hauled she made 6.2 knots once in the groove and tacked through about 90 degrees, an angle the owner said improves by 10 degrees in racing trim. With the wind over the quarter she ran at 7.4 knots, and dead downwind she made 6.5 to 7 knots. She heaves to, but only after some trial and error.

The tester found her fast, sea-kindly and very maneuverable, able to sail upwind in strong winds without slamming, and steered by a balanced spade rudder that gives excellent control downwind. The same rudder, unprotected by a skeg, is a weakness if you hit something, and the boat has noticeable prop walk going astern. The masthead genoa is a handful in a breeze and the big spinnaker is not something most couples will set shorthanded. Many First 38s have crossed the Atlantic, and Yachting Monthly reported at least one circumnavigation.

A U-shaped saloon and a hidden second head

Down the steep companionway the saloon is framed by a cutaway bulkhead. A U-shaped settee to port converts to a double with the drop-leaf table, and to starboard there is a straight settee and a pilot berth. The large forward-facing nav station sits to starboard with a deep chart locker, and the galley, small but well designed for use at sea, has a double sink, a top-loading fridge and a gimbaled two-burner stove with oven and grill. Forward is a V-berth cabin with a hanging locker and, to port, a head with shower.

Aft, two double cabins flank the engine. The clever detail is a second head on the centerline between them, behind the companionway steps and in front of the engine, which also gives access to the front of the motor. Yachting Monthly singled out the cherry and oak sole and real timber trim as aging well, and the padded vinyl headliners in the aft cabins and forward head as aging badly. The boat sleeps nine comfortably and ten at a push.

Teak decks, a grid and a removable cockpit sole

Construction follows the Beneteau pattern of the day. The hull is hand laid over a structural grid of floors and stringers glassed directly to it, about 2 ft high with limber holes so bilge water drains, and the bulkheads are glassed and bolted in. The deck is a balsa sandwich with the aluminum toerail forming the hull to deck joint, and the iron keel is attached with bolts incorporated into the liner. Many boats have laid teak decks, which the owner Yachting Monthly sailed with found less work than cleaning fiberglass, though the seams need periodic attention.

On deck, the mainsheet traveler sits on the coachroof forward of the companionway, out of the way of the cockpit. Winches on the test boat were Lewmar 30 halyard winches, Lewmar 46 self-tailing primaries and a second pair of 30s for the spinnaker. The cockpit is not deep but feels secure, and its sole lifts out so the engine can be craned out, a feature that makes a repower far easier than on many boats of the period. There are bow and stern cleats but none amidships.

What a First 38 costs to keep

Because the purchase price is low, running costs dominate. Expect roughly $7,000 to $16,000 a year in the US excluding depreciation for a slip, insurance, haul-out and routine maintenance. The real money goes into deferred projects: a repower, new standing rigging, sails, a teak deck rebuild or modern electronics can each cost a significant fraction of the boat's value.

The original engine was a Perkins 4-108 of about 45 hp according to sailboatdata, and Yachting Monthly's test boat had a 50 hp Perkins. Many boats have since been repowered with Beta, Volvo or Yanmar units, which is generally a plus. Engine access is excellent from the aft head, both aft cabins and the cockpit sole.

First 38, First 38s5 and the Moorings 38

Do not confuse this boat with the First 38s5, a later Berret design with a Philippe Starck interior built from about 1989 to 1994. The 38s5 is shorter overall at 11.66 m, lighter at about 6,586 kg and fractionally rigged, and its hull was also used for a later Moorings 38 built at Beneteau USA. The earlier Moorings 38 of 1985 is the one based on the First 38 hull.

The Jean Berret First 405 of 1986 is a larger sister in the same style and is the natural step up for buyers who like the First 38's character but want more length.

Beneteau First 38 specifications

Length overall40.2 ft12.25 m
Waterline length33.9 ft10.32 m
Beam12.8 ft3.9 m
Draft6.9 ft2.1 m
Displacement17,636 lbs8, kg
Ballast6,614 lbs3, kg
Sail area845 sq ft78.5 m²
Cabins3 (forward V-berth cabin, two aft doubles)
Berths9 comfortably, 10 at a push (saloon settees and pilot berth included)
Heads2 (forward with shower, aft on centerline)
Standard enginesPerkins 4-108 diesel, about 45 to 50 hp
Hull typeFin keel monohull with balanced spade rudder, no skeg
KeelCast iron fin, 2.10 m (6 ft 11 in) deep; shoal options of about 5 ft 6 in and 4 ft 11 in
RigMasthead sloop with keel-stepped mast; standard, tall and short rig options
Hull constructionHand-laid solid fiberglass hull over a molded structural grid; balsa-cored deck
BuilderBeneteau, France
Naval architectJean Berret
Production1982 to present
StatusDiscontinued

Figures come from builder documentation and independent tests where available. Displacement is usually quoted light, so a loaded cruising boat will weigh more. Compare these specs with another model.

How much does a Beneteau First 38 cost?

New, typical sail-awayNo longer built
Used, typical asking$28K to $65K
Yearly running costs$7K to $16K

First 38s now trade as budget cruisers. European asking prices we found range from about 28,000 to 45,000 euros for 1982 to 1984 boats, and US examples sit between roughly $28,000 and $65,000. Engine replacement, standing rigging age, keel bolt condition and the state of the teak deck matter far more than the exact year, and a boat with a recent repower is worth a clear premium.

Estimated used asking prices by model year, US market, 2026
$20K$40K$60K19821982, $28,000 to $52,00019831983, $29,000 to $54,00019841984, $30,000 to $57,00019851985, $31,000 to $60,00019861986, $32,000 to $65,000

Estimate your yearly cost

A planning estimate using common rules of thumb: insurance near 1.5 percent of value, maintenance near 3 percent, haul out and bottom paint by length. Your marina, region and use will move these numbers. Open the full cost calculator.

Versions and options

First 38
Standard masthead sloop with deep iron fin, three cabins and two heads.
First 38S
Offshore racing variant referenced by Beneteau for crews entering the international offshore classics.
Shoal keel boats
Two shoal options of about 5 ft 6 in and 4 ft 11 in are listed by sailboatdata.
Moorings 38 (1985)
Charter version based on the First 38 with shoal draft, shorter rig and a charter-oriented interior.

Beneteau First 38 timeline

  1. 1982First 38 launched, designed by Jean Berret
  2. 1985Moorings 38 charter version based on the First 38 appears
  3. 1986Larger Berret First 405 joins the range
  4. 1989Unrelated First 38s5 introduced with a Philippe Starck interior
  5. 2011Yachting Monthly calls it one of the best buys on the secondhand market

Strengths and weaknesses

What owners like

  • Handsome, fast and sea-kindly hull
  • Two heads and three cabins in a 38 ft hull
  • Excellent engine access and a removable cockpit sole for repowers
  • Low purchase price
  • Proven on Atlantic crossings
  • Traditional nav station and seagoing galley

What to weigh up

  • Unprotected spade rudder and noticeable prop walk
  • Large masthead genoa and spinnaker are hard work shorthanded
  • Dated headliners in aft cabins and head
  • Teak decks need upkeep
  • Shallow cockpit lockers and no midships cleats

Used Beneteau First 38 buyer checklist

Take this list to a viewing. Your ticks are saved in this browser so you can come back to it.

Always commission an independent marine survey and an engine survey before you buy. How a marine survey works.

Rivals to consider

Catalina 38

American contemporary with S&S roots, more common in the US and similarly priced.

Compare side by side

Tartan 37

Centerboard or fin keel S&S design with a strong cruising reputation.

Compare side by side

C&C 38

Canadian racer-cruiser of the same era with a lighter, livelier feel.

Beneteau First 38s5

The later Berret fractional boat with a Starck interior, often confused with this one.

Our verdict on the Beneteau First 38

The First 38 is the kind of boat that makes used-boat shopping fun: a good-looking, well-built Berret hull with two heads, a real nav station and a proven record offshore, now priced like a project. Do not mistake cheap for simple. Every example is roughly 40 years old, so the purchase decision rests on the keel bolts, rudder, rigging, deck and engine rather than the asking price. Find one where those have been done, or price them in honestly, and you get a fast, seakindly cruiser that few modern boats of the same budget can match.

Beneteau First 38 questions answered

Is the Beneteau 38 the same as the First 38?

Yes. Sailboatdata notes that the First 38 was also known as the Beneteau 38 in the US.

Who designed the Beneteau First 38?

Jean Berret designed it, and it was launched in 1982.

How much is a 1985 Beneteau First 38 worth?

Most 1980s First 38s are asking roughly $30,000 to $60,000 depending on engine, rigging, deck and sails; check for a charter history on 1985 boats.

How many heads does the First 38 have?

Two, one forward with a shower and one on the centerline between the aft cabins.

Is the First 38 the same as the First 38s5?

No. The 38s5 is a later, lighter and fractionally rigged Berret design with a Philippe Starck interior.

More performance sailboats to explore

Other Beneteau models