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1995 Grand Banks 42 Classic

Marblehead, Massachusetts


Recent price reduction
Exquisitely Maintained Turn Key Yacht

If you are in the market for a Grand Banks 42 Classic, Lady Margaret is a must see.

For years, the Grand Banks 42 Classic has been the benchmark, providing best-in-class accommodations, ride and live-ability. With only two owners in the last 17 years, Lady Margaret has benefited from fastidious professional care and maintenance and it shows in every corner of this beauty.

Highlights include:

  • Marine Aire Reverse Cycle Heat/Air Conditioning with separate units for each stateroom and salon
  • Custom cushions on Flybridge
  • Full Flybridge covers for seating, teak table and tender
  • Achilles RIB with 9.9hp Yamaha 4 stroke outboard
  • Zodiac Life Raft with custom deck mount
  • Recently upgrades stainless steel water tanks (3)

See Full Specifications for all the details on this remarkable vessel.

Basic Boat Info

Price: $279,500
Boat Name: Lady Margaret
Make: Grand Banks
Model: 42 Classic
Year: 1995
Condition: Used
Category: Power
Construction: Fiberglass


Length: 42 ft / 12.80 m
Length Overall: 43'3 ft / 13.18 m
Waterline Length: 41'1 ft / 12.52 m
Beam: 14'1 ft / 4.29 m
Min Draft: 4.17 ft
Displacement: 34,914 lb
Double Berths: 2

Engines / Speed

Engines: 2
Engine #1 Specs:
  • Make: Caterpillar
  • Model: 3116
  • Drive Type: Direct
  • Fuel: Diesel
  • Engine Power: 300hp
  • Type: Inboard
  • Propeller Type: 4 Blade
  • Year: 1995
  • Engine Hours: 3895
  • Engine Location: Port
Engine #2 Specs:
  • Make: Caterpillar
  • Model: 3116
  • Drive Type: Direct
  • Fuel: Diesel
  • Engine Power: 300hp
  • Type: Inboard
  • Propeller Type: 4 Blade
  • Year: 1995
  • Engine Hours: 3895
  • Engine Location: Starboard
Total Engine Power: 600hp


Fuel Tanks: 1
Fuel Tank Capacity: 600 gal
Water Tanks: 1
Water Tank Capacity: 265 gal
Holding Tank Count: 1
Holding Tank Capacity: 35 gal


Heads Count: 2
Drive Type: Direct
Boat Class: Flybridge, Trawlers


Stonington Yacht Sales is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Boston Yacht - Marblehead.


Lady Margaret benefits from the 1991 redesign of the Grand Banks 42 offering a wider beam and additional length. The traditional styling remains with a comfortable forward cabin with V-berth, a large open main salon and galley midship and a spacious master stateroom aft equipped with a comfortable SLEEP NUMBER queen size mattress. The living areas are cooled and heated by three independently controlled (3) Marineaire units.

The larger forward cabin has a V berth and ample storage lockers and drawers. The enlarged forward head features an opening port, shower, and Vacu-flush toilet with holding tank and overboard discharge.

The main salon contains a fixed helm seat to adjacent to the starboard door for easy access to the deck. Instruments are all easily accessed at the well laid out lower helm which offers excellent visibility while navigating from below. The Center windshield opens and all three are equipped with wipers and washers. Port and starboard doors offer each deck access. Aft of the helm seat is additional storage leading to the L shaped settee with a beautiful teak table with fold down leaves. Across from the settee to port is an additional settee and the optional second refrigerator/freezer.

The traditional port side up galley offers expansive views while cooking, imparting an open and airy feeling. Ample storage and counter space is available. Equipped with a large stainless steel sink with a Seagull water filtration system and spigot, a 3-burner Princess electric stove with over and broiler, microwave over and two large stainless steel lined Grunet refrigerators, one of which can also be used as a freezer. A convenient “pass-thru” overhead offers access to the flybridge.

Aft of the salon is the master stateroom with a walk around queen berth, large desk/vanity to port, and ample storage for your wardrobe via a dresser to starboard and large hanging lockers. The private head is to port with a Vacu-flush toilet and vanity and the separate shower room is to starboard. Both areas are white mica with teak trim for easy clean up. Optional opening hatches and ports offer all weather cruising comfort and light.


Lower Helm Station:

  • Standard Horizon GPS Chartplotter 1000C with AIS
  • Furuno 8062 Radar with Open Array Antenna
  • Standard Horizon Quantum GX2360S VHF Radio
  • Raymarine Depth
  • Raytheon Raypilot 650
  • Ritchie Powerdamp Compass
  • Remote Searchlight
  • Pioneer CD-Stereo Radio
  • KVH-Trackvision (requires updated dish)


  • Standard Horizon GPS Chartplotter CP590
  • Raymarine Depth
  • Raytheon Ray 220 VHF/Hailer
  • Icom M-402 VHF with Remote Speaker
  • Marine Dual CD Receiver with Bluetooth
  • Raytheon AP 65 Remote Autopilot
  • Ritchie Powerdamp Compass
  • Chart Locker

Grand Banks is noted for their first class electrical systems which are well run, labeled and easy to service. Dual shore power connections are located fore and aft and are fused for surge protection. Circuit breaker panels are well labeled with nothing doubled up.

  • 1 – Group 31 Genset Start Battery
  • 3 – Group 8D Engine Start and House Batteries
  • Mastervolt MASS-80 Automatic Battery Charger
  • Battery Condition and Status Indicator
  • Well placed 12/110V outlets throughout the vessel
  • Onan 11.5 kW genset with Soundshield and remote start panel (new in 2012)
  • On deck Courtesy Lights
  • All AC and DC circuit connections were replaced with “Sealed Crimp” connectors.
  • Twin CAT 3116 300hp engines with 3895 hours as of 9/5/19
  • Dripless Shaft Seals (New in 2017)
  • Algae-X Fuel Conditioner
  • Twin Disc Transmissions
  • Drive Savers
  • Trim Tabs
  • 3 Marine Aire Reverse Cycle Heat/Air Conditioning units with separate controls in each cabin
  • Sealand Fresh Water Vacu-flush heads
  • Holding Tank Indicator (New in 2016)
  • 3 Automatic Bilge Pumps
  • High Water Bilge Alarm

Recent Engine Running Gear Service:

  • Shafts pulled and all Cutlass Bearings replaced (3 each shaft)
  • Transmission Coolers removed and reconditioned
  • After Coolers removed and cleaned
  • Main Engine Coolers removed and cleaned
  • Starters rebuilt
  • Raw Water Pumps replaced
  • Both props reconditioned and balanced
  • Spur Cutters reconditioned
  • Injectors on both engines replaced at approximately 3200 hours
  • Engine Rack Timing Completed
  • Steering Cable Shives aligned
  • Vacu-flush Vaccum Pump replaced
Deck Equipment


  • L-Settee with Teak Table
  • Flybridge Deck Box
  • Custom cushions, navy with white piping
  • Custom filler cushions for the main seating on the FB
  • Dodger
  • Bimini
  • Covers for all seating and table

Main Deck:

  • Transom Cover
  • Rail Covers
  • White mesh window covers
  • Lofrans Tigress Horizontal Windlass
  • 3 Anchors, 62lb Bruce, Fortress 23, 70lb Luke
  • 3/8” BBB Chain
  • 300’ ¾” Nylon Anchor Rode
  • Auto On/Off Anchor Light
  • Docklines
  • Fenders
  • Fore and Aft springline cleats
  • Electric 12V Dinghy Hoist with Harken Track and Traveller on the boom
  • Achilles Hard Bottom RIB with 9.9hp 4 Stroke Yamaha outboard
  • 2012 Zodiac Life Raft with Custom Deck Mount
  • All 19 window frames removed, stripped and Awlgripped
  • Three (3) newer stainless steel fresh water tanks
The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

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