Wallace Yacht Company specializes in yachts of value, substance and character. Take a look at all of the listings and you will find that each boat is very desirable and unique in each category of yacht,.....
Living aboard is a life choice, and is often mistaken for an expensive endeavor. This does not have to be the case. Boat people are boat people and simply make the choice to spend time on the water as a lifestyle. We chose to have our boats and skip the normal chores, expenses, and lifestyle of maintaining traditional homes in the 'burbs. Many of us drive cash cars, skip mowing lawns, and the other things that add up in terms of living expenses and demands. It is a matter of selecting your preferred lifestyle, adjusting your life accordingly, and pursuing your wishes.
I seek the best in each category I represent. There are several heirloom quality offerings which show that the best is available in a broad range of prices, putting safe and beautiful cruising, racing and collectible yachts within financial reach of those of us who appreciate them and aspire to own, cruise, race and live on what are some of the finest yachts in the world.
I have been in the bilges of every boat you see here. I have tapped on each hull, dug at each wooden yachts' ribs, and sailed or operated most of them underway.
I will not select a yacht to represent based on convenience or accessories. Accessories can be had at wholesale prices and convenience can be overcome with shipping and delivery. The best is the best and it is where it is. The Wallace Yacht Company has active listings on both the Atlantic and Pacific Coasts, in both the USA, Vancouver Island, the San Juan Islands, as well as in Mexico.
About 30% of my business is not advertised. Look at the photographs......you will see features which set these yachts apart....Pictures and information that you need to see to make the purchase decision, or at least decide whether the boat is worth the plane ticket and time to see it.
My name is Walter Wallace and I want to personally thank you for visiting my business.
Whether your acquisition is next week or next year, you will find that you will set the pace of your yacht purchase. The earlier in the process we can develop a dialog, the better. You will be able to familiarize yourself with more options and be better equipped to acquire the boat which more precisely meets your needs and budget. For some, it is an immediate need, for others, the decision will take 2 years. Your inquiries are welcome, regardless of your desired time of purchase.
The negotiation process can be a very trying experience. I work very hard to keep the process as short and painless as possible. I handle this part of your acquisition in a professional manner with swiftness and discretion. We have financing avenues available for modern composites, fiberglass, steel and wood hulls.
You will find creative solutions to your needs, such as exploring transactions involving trades, etc. We will make every effort to ensure that your experience is unique and memorable.
Insurance and financing are available at the SAME rates and terms for wood and fiberglass. Basic financing terms are normally 20 or 30 percent down, over a term of 20 years. Additionally, the mortgages on vessels often fall under the same tax criteria as a primary or secondary home, with the interest being deductible.
I recently sold 2 very different vessels of my own to purchase my current yacht. One was a modern fiberglass motorsailer, and the other a 1926 restored 65 foot tug boat. Interestingly, insurance costs for full coverage were cheaper per thousand insured on the restored wooden vessel than it was on the modern motorsailer; and maintenance costs were equal.
Maintenance money was spent in different ways, but ended up being the same. I am not suggesting that everyone own a wooden vessel, I am just suggesting that should a high quality vessel be of interest to you, that you may be pleasantly surprised with the ownership experience of either material.
The Tourist Delivery page answers the "how do I get her home?" question.
My clients continue to contact me for advice and help for many years after their purchases. Living aboard provides me with an opportunity to help with my clients’ awareness as far as systems that provide service reliably and simply. Don't believe everything you find yourself exposed to in blogs, magazines, and boat shows. My advice to my clients is ALWAYS based on personal experience and since I have no financial relationship with any product or vessel manufacturer, or service; you may rest assured that my only motivation in discussing products and systems is your satisfaction.
Living aboard does not equate to “camping out”, unless you want it to. Make your list of what you have to have (a few of mine were a 30 minute HOT shower, galleys I could enjoy a passion for cooking in, a well ventilated dry and very warm living space, and other desires and requirements), and let’s see if I can make some recommendations. We can hopefully come up with the perfect vessel that fulfills your dreams.
I also acquire and restore my own yachts. In consideration for this passion, you will also find yachts of unique interest and potential value. Some are collectible, and some are projects worthy of time and money well spent.
Thank you for considering Wallace Yacht Company for your next home afloat.....
38' Jensen Motorboat Company One-off High Perf Classic
Owned by Mr. Neil Young, and conceived by George Jensen, and built in the world renown boatyard of the Jensen family. METEOR is one of a kind in form, function, aesthetics, ergonomics and performance. FRP is the abbreviation used in the boat business for fiberglass reinforced plastic, or as it is referred to in the industry, simply "plastic". Meteor is crafted of wood, bronze, and glass; she is a beautiful and remarkable vessel.
She leads those who have seen her to the seemingly obvious and universal conclusion that, as we contemplate all that is man-made in the world both near and far......that the most beautiful things in the world are not plastic. The most beautiful man-made creations are carved, chiseled, formed of more organic materials: which, given the time, return to their original state. They echo forms of nature, rarely having 90 degree intersections of perpendicular planes.
METEOR is a rare form. Far beyond form, she is a functioning work of art. Plastic does perform a vital function- we'll get to that. The vessel is owned by a celebrated man, also known throughout the world for not only his highly awarded musical achievements, but for his eye for detail in art, timeless design, American ingenuity, and a relentless demonstrated appreciation of the planet, and especially those who occupy it; Mr. Neil Young.
Mr. Young has many irons in the fire right now, that reach well beyond his significant technical and musical pursuits. This has created the opportunity for you to acquire METEOR. She has been a fun and rewarding project, but remains a project that would have to be postponed if pursued. Neil's feeling is that the right thing to do which does the vessel justice is offer her to someone who has a similar passionate vision for her.
Also pictured is another past owner with a world renown appreciation for form, Mr. Dale Chihuly, considered by all to be the most masterful glass artist in the world.
She has been structurally redone. Mr. Young had the work done at the Jensen yard, in keeping with her fine pedigree. This included a new bow/stem, new shaft logs, new stainless shafts, stainless rudders, hydraulic steering, inspected-cleaned-pressure tested fuel tanks, and other items.
METEOR was underpowered when she was originally built with a couple Gray Marine bombs, and her last power-plants were a couple 190 hp Crusaders. These were the engines that were in the vessel when I took the underway shots. With those engines, I had her up to 25 knots and floating debris prevented taking her all the way to full throttle. She handled beautifully at that speed and I feel that she could comfortably handle more, if desired.
We took those engines out and tossed them as Mr. Young wanted to spec out either electric power or bio-diesel power, and this is where we stopped. I would suggest a couple VW TDI's or a pair of YANMARS.
As mentioned above, selling her had nothing to do with METEOR herself, it is due to demands with other vessel(s) and projects; and a lack of desire to put her undercovers in the back of the boat barn. She deserves more.
New shafts and PSS shaft seals in place and she is now ready for power of your choice. The orange in the photos is red lead paint so that her wood is preserved, and now on to the topic of plastic.
Plastic does have its place in our world for many utilitarian things. Think of everything sanitized that you touch in the medical field for starters. As a substance for many purposes, it does have its virtues. METEOR's bottom is laminated with a heavy layer of fiberglass, from her waterline, down to her keel. Plastic here works great. It never ages, and is a bug proof barrier, enabling METEOR to be the perfect boat for places like South Florida! Her shallow draft make her the perfect boat for so many places.....the Bahamas, the Chesapeake.....anywhere. Tahoe? Yah.....Tahoe.
Another benefit from her plastic bottom, is through versatility in terms of readiness for use. Should you keep her out of the water on rails, trailer or boathouse, you can launch her, fire her up and go to full throttle immediately. Not need to "swell her up". She maintains her structural dimensions and integrity whether in Lake Mead, Key Biscayne or Cape Cod. Art you can use.
Figure a couple motors with accessories at 26-30k a piece, add labor to install them, and another 10k-ish for the head, depending on toilet and sink chosen. That's it. NO surprises structurally as it is done. She is a sweet, sweet boat. Display her with your car collection and enjoy her artistic presence as is. Her bottom is fresh and painted with Pettit Vivid paints. (mixed 50/50 one gallon white and one green).
METEOR is SHRINK WRAPPED and ready to truck anywhere. Her manageable size means NO chase cars, wide load or high load restrictions. I am happy to ship her to you, or install the engines, head and any other equipment you desire and ship her turn key, upon completion of your desired work. Figure 5-6k to get her from her current location in the San Francisco Bay area to the East Coast, if desired.
Her shrink wrap makes her a little tricky to see. Please be prepared to view her by appointment only, and also please be prepared to climb a ladder, as she is on stands in the yard.
Thanks so much and please enjoy the extensive photo layout!!
Wallace Yacht Company
2730-D Washington Street|
Port Townsend, WA 98368, United States