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2003 Grand Banks 54 Eastbay SX

Annapolis, Maryland


Presenting a once in a lifetime opportunity to own this unique, custom, downeast express yacht. This Eastbay is a family or cruising couple’s dream. She is effortless to operate with 360-degree views throughout the salon. The open design provides easy access to any area of the yacht. Wrap yourself in luxury whether sunset cruising, day tripping, or an extended live-aboard scenario. Enjoy cruising quietly in updated stylish comfort with noteworthy performance and handling at the helm. This is a delightfully civilized experience. This customized yacht is a treasure. Just one look, one sea trial, and you will be captivated by her magic. 

Grand Banks yachts are known for excellence in quality and craftsmanship. The Eastbay 54 is one of the most highly regarded downeast express yachts in her class with a deep-V hull and Ray Hunt design. This vessel went through an extensive refit by Michel Hof at Essence Yachts in The Netherlands. Upon arrival to Newport, RI her refit was completed in 2017. 

The refit honed excellent quality to outstanding with over 70 customized items categorized as “NEW” in the “REFIT” section of this listing. The most notable changes were the following: Sound abatement designed by Van Cappellen Consultancy, experts in marine engineering, resulting in an extremely quiet salon underway. Custom teak clad pilothouse departing from traditional fiberglass appearance. Updated electronics with glass displays to enhance the helmsman’s experience. Custom cockpit appointments including teak storage cabinets, L-shaped seating area, fixed stainless bimini structure with Sunbrella cover providing a luxurious entertainment area.

The current owner has taken meticulous care of this work of art. This is the owner’s third Grand Banks and favorite vessel to-date. Some of the top features of this custom yacht are: ease of operation, quietness underway, stylish appointments, along with great overall performance which continues to define the Grand Banks yachting experience.


Call today for all the details!


Stonington Yacht Sales is pleased to assist you in the purchase of this vessel. This boat is centrally listed by Grand Banks Yachts - FTL.

Basic Boat Info

Price: $1,250,000
Make: Grand Banks
Model: 54 Eastbay SX
Year: 2003
Condition: Used
Category: Power
Builder: Grand Banks Yachts
Designer: C. Raymond Hunt
Construction: Fiberglass
Boat Hull ID: GNDR0003J203
Has Hull ID: Yes


Length: 54 ft / 16.46 m
Length Overall: 54 ft / 16.46 m
Beam: 16 ft / 4.88 m
Max Draft: 4'4 ft / 1.32 m
Displacement: 62,000 lb

Engines / Speed

Engines: 2
Engine #1 Specs:
  • Make: Caterpillar
  • Model: 3406E
  • Fuel: Diesel
  • Engine Power: 800hp
  • Type: Inboard
  • Engine Hours: 920
Engine #2 Specs:
  • Make: Caterpillar
  • Model: 3406E
  • Fuel: Diesel
  • Engine Power: 800hp
  • Type: Inboard
  • Engine Hours: 920
Total Engine Power: 1,600hp


Fuel Tanks: 1
Fuel Tank Capacity: 925 gal
Water Tanks: 1
Water Tank Capacity: 200 gal
Holding Tank Count: 1
Holding Tank Capacity: 90 gal


Heads Count: 2
Boat Class: Motor Yachts, Express Cruiser, Downeast

REFIT/UPGRADES include the following:

Hull and Deck areas:

  • New: Painted hull in Blue by Boero Yacht Coating
  • New: Painted cabin trunk in White by Boero Yacht Coating
  • New: Teak Pilothouse cladding and trim
  • New: Teak Decks
  • New: Teak Radar Arch with GB Logo plates
  • New: Hardware
  • New: Deck fittings for water & waste (port bow hatch)
  • New: Re-plating of Chrome Cleats on deck - triple plating
  • New: Teak 5’ Custom Platform with Hydraulic lift mechanism; custom swim ladder under swim platform
  • New: YRM polished stainless dinghy chocks
  • New: AVON Yachtline Seasport dinghy with 40hp Yamaha (2017)
  • New: Custom Dinghy cover: Sunbrella fabric - Sky Blue 


  • New: (2) Garmin 17” Chartplotter and Multifunctional Display Units
  • New: Garmin 4’-Radar open array (4KW)
  • New: ICOM VHF
  • New: NEMA 2000
  • CAT interface module to Garmin display
  • Video interface module to Garmin display for TV & Engine room camera
  • Maretron weather station interface to Garmin display
  • Garmin steady cast heading sensor
  • Depth sounder interface to Garmin display
  • Trim tab interface to Garmin display
  • New: Garmin Engine Room Camera
  • New: (2) 17” screens for future use
  • New: KVH satellite
  • New: AIS 

Mechanical & Engine Room: 

  • New: (2) ZF Marine Transmissions
  • New: Mastervolt Generator MSQ-10 with control panel and display
  • New: Mastervolt (12V) Battery Charger
  • New: Mastervolt (24V) Battery Charger
  • New: Mastervolt Inverter / Charger
  • New: Batteries and Battery Containers, Wire and Connections
  • New: ZF control - Main Helm
  • New: ZF control - Aft Control station (Cockpit Cabinet)
  • New: Sidepower proportional Bow & Stern thruster controls - Main Helm
  • New: Sidepower proportional Bow & Stern thruster controls - Aft Control station (Cockpit Cabinet)
  • New: Shafts: Port & Starboard
  • New: Special couplings with rubber isolation inserts
  • New: Engine room insulation package specified by Van Cappellen     Consultancy, including white perforated aluminum and lead flooring
  • New: Motor mounts
  • New: Mufflers
  • New: LED engine room lighting
  • New: Paint in engine room on exposed areas
  • New: Pierce hydraulic heater
  • New: Built-in tool drawers in engine room (AFT)
  • New: Built in storage cabinet in engine room (Forward to port)
  • New: Mastervolt battery starters & control screen
  • New: Glendenning power cord unit with tub and 55’ shore power cord
  • New: Fireboy Fire Extinguisher system in Engine Room
  • New: 1,000-hour service CAT 3406E engines included 2 new intercoolers and new water pumps 

Interior: (Salon & 3 staterooms)

  • New: Solid Teak T&G flooring throughout entire yacht interior
  • New: headliners in all areas of the interior
  • New: (2) Electrical Webasto Sunroofs above helm (port & starboard) with blinds, controls at helm
  • New: Oceanair custom blinds in pilot house
  • New: Custom club chairs: teak frame with suede upholstery
  • New: Custom couch: teak frame with suede upholstery
  • New: Custom oversized rotating STIDD helm chair with adobe ultra leather fabric and polished stainless base
  • New: (2) custom stools in adobe ultra leather with polished stainless bases (made in Italy) to match helm chair
  • New: Custom carpet (salon)
  • New: Custom Teak doors at salon entry
  • New: Polished chrome hardware on all cabinets & drawers
  • New: Salon lighting and custom stainless sconces
  • New: Custom soft goods by Maloney Interiors of Newport, RI
  • New: Foam mattresses (Port and VIP staterooms)
  • New: Settee and teak pocket doors in starboard stateroom off galley
  • New: Digital Controls for all (4) Air Conditioning units
  • New: Master stateroom: Samsung TV, West Marine Audio 


  • New: Bosch Convection/Microwave
  • New: Isotherm Freezer 

Cockpit AFT Deck:

  • New: 316 Polished Stainless Bimini Frame with Sunbrella fabric top
  • New: L-Shaped custom settee base with storage. Settee cushions covered in Sunbrella fabric
  • New: (8) custom pillows in complimentary fabric to coordinate with settee
  • New: Custom dining table: folding teak top, polished stainless pedestal with teak base made by Grand Banks
  • New: (2) Teak Cockpit Storage Cabinets
  • New: fuel fittings concealed in Teak Cockpit Storage Cabinet (starboard)
  • New: Sunbrella covers for all exterior teak: located in teak cabinet (port)
Additional equipment and specifications:

Hull & Deck areas: 

  • Transom door: hinged, locking (starboard)
  • Transom hot & cold shower w/freshwater washdown
  • Bow hatch, starboard: freshwater washdown
  • Maxwell 220 bi-directional electric Windlass w/remote
  • Anchor w/ approximately 300’ of polished stainless chain
  • Anchor chain locker, self-draining
  • Anchor platform, single roller, polished stainless
  • Life Ring
  • (6) Fenders
  • (6) Dock lines
  • Varnished teak ensign & burgee staffs w/respective fixed holders (bow & stern) and Sunbrella covers
  • Anodes, zinc, shaft and hull
  • Dorade boxes, teak w/ chrome vents (Dorades currently stored in vessel)
  • Engine room vents: Delta-T demisters
  • Foredeck lockers: port & starboard
  • Safety rails: polished stainless with forward rake design versus vertical
  • Rub rail: heavy duty with stainless insert
  • Toerail: Teak
  • Vents: fuel and water tanks
  • Windows: tempered glass, flush installation
  • Courtesy lighting (24V): Cockpit area
  • Decking: teak, epoxy bonded
  • Engine room hatch: hydraulic staircase lift
  • Hatches: hinged w/gas cylinder lift-ups, stainless steel
  • Scuppers 

Electrical / Mechanical / Engine Room:

  • Switch panel w/breakers: 12V, 24V, 120V, 240V
  • Compass: Ritchie Powerdamp
  • Kahlenberg Air Horn
  • (3) Exalto Windshield Wiper & Wash system w/ intermittent settings
  • Simrad autopilot
  • (4) MarineAir, reverse cycle systems with digital controls
  • Alternator, each engine, 24V
  • Alternator, generator, 12V
  • Battery voltage indicator: on Garmin screens
  • Battery switch, disconnect: Engine Room
  • (4) Bilge pumps, automatic, 24V
  • Carbon monoxide detector in sleeping areas
  • Engine gauges and instrumentation electronic (CAT MPD) engine room
  • Engine start/stop single station
  • Extra 24V DC circuit breakers
  • Fresh water system, pressurized, 24V
  • Fuel transfer pump, 24V - transfers from 175 gal. aux tank (forward) to primary tank (aft)
  • Holding tank discharge pump, 24V
  • Level indicator panel, holding tank
  • Navigation lights, 24V
  • Outlets, galley, salon and heads, GFCI protection, 120V
  • Shore power inlet, AC, 50-amp 120/240V
  • Twin CAT 3406E 800hp diesel engines with 920 hours as of June 2020
  • Dual Racor fuel filters, primary
  • CAT fuel filters, secondary
  • Freshwater engine cooling system
  • (2) 32” x 38” 5-blade Nibral propellers by Teignbridge
  • (2) 2 3/4” stainless steel shafts
  • Dripless shaft seals
  • Struts, bronze with rubber bearings
  • (2) bronze rudders
  • (2) manual bilge pumps
  • (2) electric automatic shower macerator pumps
  • Vacuflush waste system
  • Ball valve on all thru hulls above waterline, bronze
  • Drip pans under engines
  • Engine raw water intake strainers
  • Engine room faucet, freshwater
  • Engine room sound insulation, with lead and special white perforated aluminum panels
  • Exhaust system, seawater cooled, with mufflers
  • Fire extinguisher, engine shutdowns, generator and override controls
  • Updated Fire System Certification (2017)
  • Fuel tank, Auxiliary, FRP, baffled
  • Fuel tank, Main, FRP, baffled
  • Gas/water separator on generator exhaust system
  • Water tanks, stainless steel, painted
  • Engine room flooring with teak grates 

Interior area: (Salon, Galley, 3 staterooms, 2 heads) 


  • Chart locker: to port 
  • Steering wheel: stainless steel spoke with teak rim
  • Windows: Pilot house port & starboard helm area: side opening & tinted
  • Salon: entertainment center: custom low profile center pop-up television cabinet with storage for A/V equipment
  • Salon: Samsung TV
  • Salon: Bose lifestyle surround system (4 speakers, center and sub) 


  • U-shaped - 4 steps down from salon, to port
  • Area has exceptional lighting from the open salon area and sunroof
  • (2) refrigerators with freezers
  • Isotherm freezer
  • Gaggenau 4 burner electric cooktop with downdraft exhaust
  • Bosch Convection Microwave (NEW 2017)
  • Corian countertops
  • Polished stainless double sinks
  • Trash container below sink
  • Abundance of storage: cabinets above and below
  • Wine / Water glass cabinet
  • Starboard area has a settee for lounging or converts to 3rd stateroom 

Master stateroom:

  • Samsung TV (2017) with West Marine audio system
  • Island Queen walk around berth with storage drawers below mattress
  • Teak headboard
  • Reading lamps and custom stainless sconces with shades
  • Overhead lighting with dimmer switches
  • Window: curtains & screen / black out shade inserts
  • Overhead hatch with screens and blackout shades
  • (2) cedar-lined hanging lockers, bureau, and 3 storage areas
  • Full length mirror with teak frame

Master Head:

  • Private en-suite master head
  • Bi-fold acrylic shower door
  • Corian countertop and sink
  • Exhaust blower, 24V
  • Faucet, single lever
  • Shower with drain pump
  • Shower stall, separate, with teak grates
  • Storage, teak cabinets & drawers
  • Toilet, marine, Vacuflush
  • Custom towel rack, heated, stainless
  • Window: curtains & screen / blackout insert 

Guest stateroom:

  • Queen berth
  • Reading lamps
  • Overhead lighting
  • Overhead hatch with screen / black-out blind
  • Windows: curtains & screens / black-out inserts
  • Large hanging locker with multiple shelves and area plumbed for washer/dryer unit (all in one)
  • Nightstand with storage & mirror
  • Headboard: padded

Guest Head:

  • Bi-fold Acrylic shower door
  • Corian countertop and sink
  • Exhaust blower, 24V
  • Faucet, single lever
  • Shower stall, separate, teak floor grate
  • Toilet, marine, Vacuflush
  • Custom towel rack, heated, stainless
  • Overhead hatch with black-out shade & screen 

3rd stateroom:

  • Starboard area off galley
  • Settee pulls out to full size sleeping area
  • Teak privacy pocket doors
  • Dedicated AC controls
  • Reading lights
  • Courtesy lights
  • Window: curtains and window screen / black-out inserts
  • Side tables with drawers, additional cabinets for storage

Owner's artwork and personal belongings. A complete list will be provided upon request.

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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