Liquidation price on true Cold Molded / triple planked mahogany RYBOVICH. This is hull #65 and was one of the final and finest hulls laid up by Tommy Rybovich.
She is priced as a project boat. However, she is nicer than her price reflects. She does not require to be rebuilt as the price may otherwise suggest. In fact, she has strong running 6v92s with less than 800 hours. She is priced the same as the plank-on-frame complete rebuild projects, however, she is not a complete rebuild project and she is COLD MOLDED. She needs exterior cosmetics, a bottom job, new A/C systems, and good amount of other TLC.
Lone Eagle is a true piece of sport fishing history. This is one of the most revered models of one of the most exclusive yacht brands of all time.
This is a true Tommy Rybovich cold molded 53’ Sportfisherman that is constructed of triple planked mahogany encapsulated with fiberglass & epoxy. Lone Eagle II was born as Paul Levitan’s original “Little Pete” and she maintains her pedigreed place in “The Rybovich Book”. This is one of less than a handful of cold-molded vessels that Tommy designed.
Lone Eagle was purchased in 2013 by the current owner. The prior owner refreshed Lone Eagle in 2007. (Prior to 2007, she was appropriately named “Showpiece”). During 2007, the Detroit / J&T 6-92Tis were fully overhauled outside of the vessel by Florida Marine Tech then reinstalled. The exterior received a full awl grip paint job in Matterhorn white. (Paint now needs touch-ups or a new paint job.) Many other upgrades were also performed such as a new teak deck, interior carpeting, new head system, new galley appointments, and more.
Her engines currently show 760 hours of use and they run fabulous. They do not billow smoke nor are they oily. They sound fantastic.
The high gloss finish in the salon looks fantastic. We were told MERRITT redid the interior when she was named Showpiece around the year 2000. She has a modern style galley with Corian countertops, a glass stove, and a convection microwave.
Lone Eagle has a queen-sized master mid-ship with its ensuite head. There are two other staterooms that each have single bunks. (2 bunks in each room, for a total of 4.) There is another head with a shower mid-ship. The forward stateroom does have its own “hideaway” toilet.
The last survey was in the Fall of 2015. At that time, the surveyor noted Lone Eagle to be in average condition and placed a value of $425,000.
At this bargain price, there are a number of improvements that the buyer should expect to perform. Some notable areas include: 1) The air compressor stopped working and likely needs to be replaced. (A new one is estimated at $350.) It is necessary to replace it so that the Microphor heads pressurize. 2) The toe rail needs to be redone along with other varnished exterior parts. (Estimated at $15,000-$20,000 for those repairs. 3) The refrigeration units need replacement. We received a quote for ($9,443 to replace all of the A/C and refrigeration parts. (Figure $2,500 additional for labor.) 4) The coaming boards should either by epoxy coated or replaced. (Estimated between $1,500-$8,500.) 5) The cockpit and bridge varnish needs to be redone (or painted). 6) The bottom needs to be repainted with anti-fouling paint and the sacrificial wood shoe needs to be replaced. (Estimated at $5,000) 7) The generator runs great and produces great power, however, it shuts down after 20 minutes or so. It appears to be a fuel or exhaust issue. Estimated at $2,000. 8) The wallpaper in the forward staterooms are due for replacement. 9) The bottom is heavily fouled and will need new paint and a new sacrificial worm shoe. (Estimated at $5,000.) There will also be a number of other “smaller scale” items to be addressed, however, none of which materially affect the value of the vessel, in my opinion. (Items such as GFIs, bonding lines, light bulbs, etc. This is a classic Rybovich that recently hit her classic 50 year mark… please do not expect a new or perfect vessel.)
Many owners of vessels like these hire part-time captains to perform the maintenance. For Lone Eagle, we recommend the next owner to hire a captain full time for the first few months to go through all of her systems and then switch to a part-time basis.
The next owner of Lone Eagle will want to either add a classic bimini top to bring back the original "convertible" style or add a more modern looking hardtop. We estimate to do a convertible style bimini will be around $5,000 and a full hardtop around $25,000.
The tower was removed in February of 2018. The photos that show her tower were taken in 2017. The haul out photos are from around that time, too.
Lone Eagle will be an INCREDIBLE DEAL for anyone who desires a classic Rybovich or an investor looking for an opportunity. Please do not purchase this vessel if you are seeking a brand new or fully turn-key vessel. (It will cost over $5,000,000 to have a Rybovich like Lone Eagle built today and a fully turn-key classic one will cost in excess of $1,000,000.)
Keep in mind that once Lone Eagle is sold, the chances of being able to find another Tommy Rybovich cold-molded vessel will be nearly impossible.
Contact Rob: 561-676-7250 Cell