Beneteau Performance Sailboats

Beneteau First 40.7, the Farr Racer-Cruiser That Became a Class

More than 800 boats, a one-design fleet in Chicago and a cabin a family can live with. The 40.7 is still the default 40-foot club racer.

1997 to 2008 Discontinued Updated

Beneteau Oceanis 311 at anchor in the UK
For reference, Beneteau Oceanis 311 at anchor in the UK, not the Beneteau First 40.7. Photo: Timbow001, CC0, source
Length
39.9 ft12.17 m
Beam
12.4 ft3.78 m
Draft
7.9 ft2.4 m
Cabins
3 (two aft doubles, forward cabin)
Used price
$65K to $130K
On this page
  1. Overview
  2. Why the First 40.7 is still on every short list
  3. A CHS-era hull that went on to win under IMS
  4. Upwind targets, surfing speeds and the 20-knot threshold
  5. Racing a 40.7 today
  6. Removable lockers, three doubles and one head
  7. The keel question every buyer must ask
  8. Running a 40.7 in the US
  9. The 1994 IMS 40.7 and later First 40 are different boats
  10. Specifications
  11. Price and value
  12. Strengths and weaknesses
  13. Used buyer checklist
  14. Rivals
  15. Our verdict
  16. FAQ

The First 40.7 is a Bruce Farr designed 40 ft racer-cruiser Beneteau built from 1997 into 2008. Over 800 were sold. It races one-design in Chicago, cruises with three cabins and needs a careful keel survey.

Best for
  • Club racers who want one-design competition
  • Families who race on weeknights and cruise on vacations
  • Buyers stepping up from a 30 to 35 ft racer-cruiser
  • Coastal and lake sailing with occasional overnight races

Beneteau First 40.7 by the numbers

LOA 39' 11" / 12.17 mBeam 12' 5" / 3.78 mBow
Plan view drawn to scale from the published length and beam.
Sail area to displacement
27.3Racing level power, needs active reefing as the breeze builds.
Displacement to length
162Light displacement for its length, quick but sensitive to added cruising weight.
Theoretical hull speed
7.9 knThe practical top speed of a displacement monohull under normal sailing, based on waterline length.
Ballast ratio
39%A typical ballast ratio for a cruising monohull.
Capsize screening
2.00Below 2.0, the traditional threshold for offshore suitability.
Motion comfort ratio
22.8A quicker motion in waves, typical of light, beamy hulls.
Length to beam ratio
3.22 : 1Moderate proportions.

Length compared with the 69 performance sailboats we cover

12 ft56 ft

Why the First 40.7 is still on every short list

Ask a Chicago racer, a Solent club sailor or an Australian offshore crew which production 40-footer they would buy on a budget and the First 40.7 comes up fast. Beneteau gave Farr Yacht Design a brief to draw a cruiser that could win at club level and sell in the hundreds every year. Farr's office spent three years getting it from drawing board to production line, according to Russ Bowler, and the result did exactly what was asked: SAIL reported that Beneteau sold more than 800 First 40.7s over an 11-year life.

Cruising World named it the best cruiser-racer of its 1999 Boat of the Year contest, and in 2001 Sailing World noted that two of the three boats on Australia's Kenwood Cup team were 40.7s. That mix of handicap pedigree and a proper three-cabin interior is why the boat still trades well a quarter century later, and why anyone shopping the brokerage market under the name Beneteau 40.7 should study it as a racing platform first and a cruiser second.

A CHS-era hull that went on to win under IMS

Bruce Farr said the hull grew out of his office's IMS work, with a relatively fine entry for upwind work and straight runs aft for speed off the wind, but with more volume and displacement than a pure racer to carry a cruising interior. He also told Practical Sailor that it was originally optimized for CHS, the British rule that favored heavier boats with full interiors, so its later success in top-level IMS racing was something of a bonus. The aluminum rig scored well under the IMS dynamic allowance introduced in 1996 for cruiser-racers.

The numbers are moderate rather than extreme. Practical Sailor calculated a sail area to displacement ratio of 21.0, a displacement to length ratio of 160.6 and a ballast ratio of about 36 percent. Beneteau's 2008 specification gives 6,970 kg light displacement, a 10.62 m waterline and 98 square meters of upwind sail. The target PHRF was 54 seconds per mile, which puts the boat against designs from 38 to 44 feet.

  • Deep lead keel (2.40 m, 2,707 kg) or shoal cast iron keel (1.90 m, 2,764 kg)
  • Sparcraft fractional rig with triple spreaders and rod standing rigging
  • Optional Navtec hydraulic backstay, standard on the First Series race package
  • Updated rudders with carbon stocks built by Tides Marine on later boats

Upwind targets, surfing speeds and the 20-knot threshold

Sailing World's test off Falmouth, Massachusetts saw 7.3 knots upwind in a building 15-knot breeze, more than 8 knots under a 105 percent jib in 18 knots true and 10 knots with the spinnaker set and the wind on the quarter. Practical Sailor sailed one on Lake Michigan in 8 to 12 knots and logged 5.8 to 6.2 knots with a 150 percent genoa, then 6.75 knots hardened up to about 36 degrees apparent. Owners reported 8 to 10 knots downwind in 12 to 15 knots of breeze at high jibe angles.

David Hardy, who races Turning Point in the Chicago fleet, told Sailing World that upwind targets hover around 7 knots, that one or two inches of traveler can be worth two tenths of a knot, and that his best surf was 16.8 knots. He also said the boat gets to be a handful beyond 20 knots of wind, when mistakes compound instantly. That matches the general reputation: easily balanced and stiff in moderate air, demanding when it blows hard with a symmetric kite up.

Racing a 40.7 today

A one-design class formed in Chicago soon after launch and has been a fixture of the Helly Hansen NOOD regatta ever since. Class rules keep cushions and the head door aboard, so boats stay habitable, and Hardy's team races with 10 or 11 people using a symmetric spinnaker. The calendar there runs from the Colors Regatta through the NOOD, the Chicago to Mackinac race and the Verve Cup, and points between the top three boats can come down to a single race.

Elsewhere the boat races under PHRF, ORC or IRC. A buyer who wants to join a fleet should check the class rules for sail measurement and equipment before buying, because a cruising-spec boat with a furling genoa and fixed prop will need money spent to be competitive.

Removable lockers, three doubles and one head

The cockpit trick that everyone remembers is the set of removable lockers aft of the slatted teak seats. Bolted in, they are seating and stowage for fenders, lines and spare headsails; lifted out, they give the trimmers stand-up access to the primaries and expose foot braces for the mainsheet trimmer. The double-ended mainsheet runs forward along the boom and back to clutches on both sides, so the main can be trimmed from the rail. Primaries are Lewmar 50 self-tailers, with Lewmar 44s on the coachroof, and the wheel is a 63 inch destroyer type that lets the driver sit well outboard.

Below, there is one layout: two mirror-image aft cabins with roughly 78 by 60 inch berths and about 6 ft 3 in of headroom, a forward cabin with a 7 ft 3 in V-berth, and a single head forward that the forward cabin can reach privately. The saloon has a 44 inch drop-leaf table on the centerline, which racers dislike because it eats space for sail bags. The galley is L-shaped with a double sink and Force 10 two-burner stove, but the top-opening icebox lid forms most of the counter. A large forward-facing nav station has a 41 by 24 inch chart table, and a central manifold routes several hoses to one through-hull.

The keel question every buyer must ask

In May 2014 the 2006-built First 40.7 Cheeki Rafiki lost her keel about 720 nautical miles southeast of Nova Scotia on a delivery from Antigua to Southampton and capsized; her four crew were never found. The keel was held by ten bolts through the outer hull and a bonded inner structural molding, and the UK Marine Accident Investigation Branch found that the design met the construction standards in force when she was built. The investigation focused on the bond between the hull and that inner molding, and the boat had a history of groundings and repairs. Practical Sailor also recalled that another 40.7, Barracuda, lost its keel in 2007 after pounding on the bottom in heavy seas.

None of this means the type is unsafe, but it does mean the hull to keel interface is the single most important item on a survey. Practical Sailor noted that some buyers of early 2000s Beneteaus have the keel dropped to inspect the bolts, the bonding and the matrix, and called that caution cheaper in the long run. On a boat with a racing or charter history, budget for it.

Running a 40.7 in the US

Running costs are typical of a 40 ft fin-keel sailboat. Slip, haul-out and bottom paint, insurance and routine engine and rigging service put annual costs at roughly $9,000 to $22,000 excluding depreciation, with the top of that band reserved for boats that race seriously and replace sails every few seasons. Racing sails are the swing factor: a competitive one-design inventory costs far more than the engine ever will.

Original boats used a Volvo saildrive of about 30 hp, which owners told Practical Sailor pushed the boat at 5 to 7 knots; Beneteau's 2008 sheet lists 40 hp. Saildrive diaphragm replacement intervals, rod rigging age and the condition of the original rudder bearings are the predictable big-ticket items.

The 1994 IMS 40.7 and later First 40 are different boats

Two other Beneteaus cause confusion in listings. The First IMS 40.7 of 1994 was a separate Farr design (number 289) built in tiny numbers, five according to sailboatdata, with a much lighter 5,125 kg displacement and a racing interior. If a listing shows a 1994 build date, check which boat it is.

The successor, the Farr-designed First 40 launched in 2007 and 2008, is a foot longer, beamier and lower, with more righting moment and a T-bulb option. It replaced the 40.7 in the catalog and has its own guide on this site. Do not assume parts, sails or handicap certificates carry over between the three.

Beneteau First 40.7 specifications

Length overall39.9 ft12.17 m
Waterline length34.8 ft10.62 m
Beam12.4 ft3.78 m
Draft7.9 ft2.4 m
Air draft58.7 ft17.89 m
Displacement15,366 lbs6,97 kg
Ballast5,968 lbs2,707 kg
Sail area1,055 sq ft98 m²
Fuel capacity36 gal138 L
Fresh water72 gal272 L
Cabins3 (two aft doubles, forward cabin)
Berths6 to 8
Heads1, forward, shared with the forward cabin
Maximum persons12
Standard enginesVolvo Penta 2030 diesel of about 29 to 30 hp with saildrive on early boats; 40 hp listed by 2008
Maximum power40 hp
Hull typeFin keel monohull with spade rudder, IMS-derived lines
KeelDeep lead bulb fin about 2.40 m (7 ft 9 in to 7 ft 10 in) or shoal cast iron fin 1.90 m (6 ft 2 in)
RigSparcraft 9/10 fractional sloop, triple swept spreaders, rod rigging
Hull constructionSolid fiberglass hull with bonded structural inner molding; balsa-cored deck
CE design categoryA12 / B12 / C12
BuilderBeneteau, France
Naval architectFarr Yacht Design (Bruce Farr, design #354)
Other design creditsInterior by Beneteau's in-house design team
Production1997 to 2008
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 40.7 cost?

New, typical sail-awayNo longer built
Used, typical asking$65K to $130K
Yearly running costs$9K to $22K

Practical Sailor quoted a base of $154,900 FOB an East Coast port, with spinnaker gear, racing sails and electronics adding $10,000 to $30,000, and Sailing World estimated about $200,000 race-ready in 2001. In 2026 asking prices in Europe run from about 69,000 to 110,000 euros, and US boats sit in a similar band. Keel history, sail inventory, engine hours and whether the boat carries a current one-design or ORC certificate move prices more than model year.

Estimated used asking prices by model year, US market, 2026
$50K$75K$100K$125K19981998, $65,000 to $90,00020002000, $70,000 to $95,00020022002, $75,000 to $105,00020042004, $80,000 to $112,00020062006, $88,000 to $122,00020082008, $95,000 to $130,000

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

Standard cruiser specification
Furling genoa, Dacron sails, fixed or two-blade prop, shoal iron keel in some markets.
First Series race package
Triple-spreader mast with hydraulic backstay and rod rigging, Tuff Luff headstay, spinnaker gear, Vectran halyards, folding prop, deep 7 ft 9 in keel and an upgraded Lewmar winch package, per Sailing World.
Shoal draft
Cast iron keel of about 6 ft 2 in (1.90 m), heavier ballast but less efficient.

Beneteau First 40.7 timeline

  1. 1994Separate First IMS 40.7 racer built in very small numbers
  2. 1997First 40.7 enters production, Farr design #354
  3. 1999Named Cruising World's best cruiser-racer
  4. 2001Two of Australia's three Kenwood Cup team boats are 40.7s; more than 235 built
  5. 2008Replaced by the Farr-designed First 40 after more than 800 sales
  6. 2014Loss of Cheeki Rafiki puts keel attachment under scrutiny

Strengths and weaknesses

What owners like

  • Proven race winner with an active one-design fleet in Chicago
  • Three real double cabins for family cruising
  • Removable cockpit lockers switch neatly between race and cruise modes
  • Moderate displacement makes it stiff and forgiving in normal breeze
  • Large supply of boats keeps prices transparent
  • Strong resale for well-kept race-ready examples

What to weigh up

  • Keel to hull structure demands a thorough survey
  • Single head for up to eight people
  • Galley counter space is minimal
  • Can be a handful with a symmetric kite above 20 knots
  • Deep keel limits cruising grounds in shoal areas

Used Beneteau First 40.7 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

J/120

Asymmetric sprit boat of the same era, simpler to sail shorthanded but with a less roomy interior.

Compare side by side

Beneteau First 40

The Farr successor, faster and more powerful, and pricier on the used market.

Compare side by side

Dehler 39

German contemporary with a more solid fit-out and similar performance cruiser aims.

Compare side by side

Elan 40

Rob Humphreys designed alternative that races well under IRC and ORC.

Compare side by side

Beneteau First 36.7

The smaller Farr sister, cheaper and also raced as a one-design.

Compare side by side

Our verdict on the Beneteau First 40.7

If you want to race a 40-footer in a competitive fleet without paying for a carbon thoroughbred, the First 40.7 is hard to beat, and it doubles as an honest three-cabin cruiser. The catch is structural: every boat is now 18 to 29 years old, many have been raced hard or chartered, and the keel attachment has a history that cannot be waved away. Pay for an expert survey, walk away from any boat whose grid shows distress or whose grounding record is vague, and budget for sails. Get those right and few production boats give as much racing for the money.

Beneteau First 40.7 questions answered

How many Beneteau First 40.7s were built?

SAIL magazine reported that Beneteau sold more than 800 over the boat's 11-year production life.

Who designed the First 40.7?

Farr Yacht Design, as Farr design number 354, with an interior by Beneteau's in-house team.

Is the First 40.7 safe after the Cheeki Rafiki accident?

The type met construction standards when built, but the keel to hull structure must be surveyed carefully, especially on boats with grounding or charter history.

What is the PHRF rating of a First 40.7?

Its target PHRF was 54 seconds per mile; local ratings vary with keel, prop and sail inventory.

How much is a Beneteau 40.7 for sale in 2026?

Most asking prices fall between about $65,000 and $130,000, depending on year, keel history and sails.

What is the difference between the First 40.7 and the First 40?

The First 40 is a later Farr design, a foot longer with more beam and righting moment, built from 2007 and 2008.

More performance sailboats to explore

Other Beneteau models