490 Meridian Pilothouse 2005 for sale- and Meridian 490 Recent Comps.

Specifications:

Price:
$ 314,000.00
Location:
Tennessee
Year:
2005
Length:
49
Boat Type:
Power
Fuel:
Diesel
Engines:
2
Make:
Meridian
Model:
490
Boat Name:
Floridays

49′ Meridian 490 (no ac, but diesel heat) 2004 Ask $265k (09/17) Sold $250k (6/18) Oregon, USA
49′ Meridian 490 2005  (no ac, but diesel heat) Private Sale Ask $285k (03/18) Sold $265k (4/18) BC, Can
49′ Meridian 490 Pilothouse 2008 Ask:$369,000 (09/15) Sold:$335,000 (06/17) WA, USA
49′ Meridian 490 2003 Ask $241,712 (03/17) Sold $230,394 (09/17) BC, Can
49′ Meridian 490 Pilothouse 2007 Ask: $340,000 (06/17) Sold: $315,000 (01/18) FL, USA
49′ Meridian 490 2005 Ask $230,000 (11/15) Sold $225,000 (07/17) NY, USA

THIS BOAT

49′ Meridian 490 2005 Ask $297,900 (05/17) Sold $286,000 (07/17)  FL, USA
49′ Meridian 490 2008 Ask $369,000 (09/15) Sold $335,000 (06/17) Seattle Washington
49′ Meridian 2004 Ask $251,500 (01/17) sold $ 230,000 (02/17) FL, USA
I surveyed (in water, for value) this vessel 3/17 in Jupiter Florida at the behest of the owner who was seeking a market value as he was considering selling her.. She presented well ,although I had some qualms (as noted below) about her and told the owner to expect between $265k -275k.  He wasn’t quite pleased with my valuation, but I suspect the lower end is what the owner netted despite the reports on Sold Boats.com, as the “brokerage” he listed with- never existed before this listing, and was gone soon afterwards, which was rather strange considering there were two good Brokerages IN the Marina.
HOW I DETERMINED IT’S VALUE;
I had just sold a nice 2004 490 with only 275 original hours on the mains, and 101 hours on the gen for $230k  just up the coast in Ft. Pierce, so I had a fresh comp to give him. I gave this 2005 a $10k bump for being a year newer, $15k for the new canvas, $ value for the flybridge helm seat, and upholstery, $12k-$15k for the tender, which was represented as being new. She had a custom brow over the pilothouse windshield, the davit swiveled (as did the 04 I had just sold) and a couple more dollars for her overall presentation. She looked good:
 But I had concerns about her still having her original 24″ x 24″ props, as the owner had added a lot of weight and windage with the flybridge enclosure. He also ran her “on the pins”, which history has shown not to be kind to the 330hp Cummins with the original props.. The 370’s and the 380’s don’t suffer from the factory over propping being run hard, but when you see so many 4788’s and 490’s with REPLACEMENT 330’s in them, it’s rather proof of that issue isn’t it?. I’ve taken two 4788’s (both with new foredecks too) with 330’s in Florida through surveys in 2018, and both had oil samples that came back, with what I already suspected, and those deals ended. I was surprised this owner hadn’t had the props re-pitched
.
It was represented to me that her 1000 hour service had been carried out, but I was not presented receipts. Always ask to see PROOF.
Her foredeck and bow pulpit exhibited softness, which is sadly quite normal these days. I think at this point the owner was getting annoyed with me.
Her Icemaker did not work (the 04 just sold had a brand new one which cost $900.00 in a box sitting on the dock)
She did not have the “bridge entertainment center” (sink and refrigerator) so that subtracted value.
She did NOT have a bolted down upgraded pilothouse helm seat as other Meridian 490’s. I don’t remember anything being special about her electronics.
Whenever a boat (or car) is customized from original, those changes subtract value. I thought moving her television from it’s original place, and just having one ‘balanced’ on the bar, plus  changing out the original barrel chairs for Lazy Boy type chairs subtracted value from her. He represented her as having been kept at River Forest Boatyard west of the locks (in Freshwater) west of Stuart Florida every year during the hurricane seasons when in Florida. He said that the inherent issues that these 490s had when new were taken care of by the Dealer when new, but the owner was a Car Dealer from up north, so I took that with a grain of salt.
ALL IN ALL THE BOAT was very nice, I just thought her owner rather delusional in his expectations of it’s value, but she did sell rather quick to her current owner, so…
. She was one owner (her owner said I helped him buy her new, but I had no recollection of that at all) since new til July 2017 when she was sold to her current owner. Now June 2018 she’s back on the market but now up in Tennessee with many more hours, and a much higher price, so at least her owner has used her in the past year..
Dimensions
        LOA: 54′
LOD: 49 ft 0 in
Beam: 15 ft 1 in
Maximum Draft: 3 ft 4 in
Bridge Clearance: 18 ft 2 in (factory height)
Headroom: 6 ft 5 in
Dry Weight: 29990 lbs
Engines
Engine 1:
Engine Brand: Cummins            1700 hours (6/2018)
Engine Model: 6BTA
Engine Type: Inboard
Engine/Fuel Type: Diesel
Location: Starboard
Drive Type: Direct Drive
Engine Power: 330 HP
This vessel still retains it’s original size 24 x 24 props.
Engine 2:
Engine Brand: Cummins
Engine Model: 6BTA
Engine Type: Inboard
Engine/Fuel Type: Diesel
Location: Port
Drive Type: Direct Drive
Engine Power: 330 HP

The engine room has the access hatch from the salon, which is a good thing.

 

Notice the Reverso Oil Changing pump.

Tanks
Fresh Water Tanks: (200 Gallons)
Fuel Tanks: (444 Gallons)
Holding Tanks: (48 Gallons)
Accommodations
Number of cabins: 3
Number of heads: 2
Outside Equipment/Extras
Electric windlass

Cockpit

  • Sliding Tinted Glass Door to Salon
  • Bridge Ladder
  • Large Non-Skid Deck
  • 50-Amp Glendinning Cable MaDraft: 3 ft 4 in
    Bridge Clearance: 18 ft 2 in
    Headroom: 6 ft 5 in
    Dry Weight: 29990 lbs

    Engines
    Engine 1:
    Engine Brand: Cummins
    Engine Model: 6BTA
    Engine Type: Inboard
    Engine/Fuel Type: Diesel
    Location: Starboard
    Drive Type: Direct Drive
    Engine Power: 330 HP
    This vessel still retains it’s original size 24 x 24 props.
    Engine 2:
    Engine Brand: Cummins
    Engine Model: 6BTA
    Engine Type: Inboard
    Engine/Fuel Type: Diesel
    Location: Port
    Drive Type: Direct Drive
    Engine Power: 330 HP

    The engine room has the access hatch from the salon, which is a good thing.

     

    Notice the Reverso Oil Changing pump.

    Tanks
    Fresh Water Tanks: (200 Gallons)
    Fuel Tanks: (444 Gallons)
    Holding Tanks: (48 Gallons)
    Accommodations
    Number of cabins: 3
    Number of heads: 2
    Outside Equipment/Extras
    Electric windlass

Cockpit

  • Sliding Tinted Glass Door to Salon
  • Bridge Ladder
  • Large Non-Skid Deck
  • 50-Amp Glendinning Cable Master
  • Hot/Cold Shower
  • New Coaming Bolsters
  • Overhead LED Lighting
  • Access to Onan 13.5 KW Generator/ Lazarette
  • Large Lazarette Storage
  • Sea Star Hydraulic Steering
  • Transom Door
  • Swim Platform

The sub floor beneath the generator and particularly on the port side of the lazarettes really need to have a surveyors special attention, as this area was an issue when these boats were brand new. Many (but not all) were fixed by the dealer under warranty when these boats were new.

Salon
     

  • L-Shaped Convertible Sofa
  • Two (New) Custom Leather Bucket Chairs
  • Hi/Low Folding Wood Table w/ High Gloss Finish
  • High Gloss Wood Cabinetry
  • Tons of Storage
  • (New) 38′ Flat Screen TV w/ Sound Bar
  • Multi-zone AC
  • Electric Heat
  • Overhead Lighting
  • Berber Carpet

The white counter tops have proven themselves to be very popular and bring a premium over the model years where they’re dark.

Galley

  • Corian Counter Tops
  • Teak & Holly Sole Flooring
  • Duel Stainless Steel Sinks
  • Three Burner Cook-top
  • Princess Oven
  • Above Counter Microwave Oven w/ Exhaust Fan
  • Full-size Norcold Refrigerator/Freezer
  • Overhead High Gloss Wood Cabinets w/ underneath lights
  • Overhead Lighting
  • Trash Compactor
  • High-end Cookware and Utensils

The later year Meridian 490’s came with a higher grade helm seat that’s bolted to the salon floor.  Note the custom handrail on the ceiling. Also note the custom “brow” over the forward windows. SMART.

Pilothouse
    

  • Custom Flex Steel Helm Chair
  • Large L-Shaped Sofa
  • High Gloss Wood Table w/ Folding Leafs
  • Custom Window Shade Screens
  • Port and Starboard access Doors
  • Remote Spotlight
  • Bow Thruster
  • Wind Indicator
  • Digital RPM Display
  • Sony Stereo w/JBL Speakers
  • Overhead Lighting

Master Stateroom w/ En-Suite Bath
    

  • Upgraded Center-line Queen Size Spring Bed
  • New Linens
  • Six Storage Drawers under Berth
  • Two Large Illuminated Cedar-lined Hanging Lockers
  • Overhead Lighting
  • Four Portholes
  • Reading Lights
  • Two Overhead Hatches w/ Sun Shades
  • Flat Screen TV
  • Private Access to Bath
  • Vacu-flush Toilet
  • Shower w/ Tub
  • Large Wood Trim Mirrored Vanity
  • Separate Porthole in Bath

Many owners of 4788’s and 490’s have televisions mounted on the bulkhead, so one can lie in bed and watch tv.

VIP Guest Stateroom
Very generous VIP Stateroom  

  • Large Double Berth
  • New Linens
  • Built-in Nightstand
  • Hanging Locker
  • Large Drawer under Berth
  • Overhead Lighting
  • Reading Lights
  • Two Portholes w/curtains
Guest Stateroom

  • Twin Bunks Convert to Settee
  • Hanging Locker
  • Overhead Lighting
  • Port Hole w/Curtain
Guest Head

  • Vacu-flush Toilet
  • Folding Glass Door Shower w/ Palm Tree Accents
  • Overhead Lighting
  • Mirrored Vanity
  • Sink w/ Two Cabinets
Electronics / Pilothouse

  • Garmin 4212 GPS/ Plotter
  • Garmin 24 mile Radar
  • Simrad AP26 Autopilot
  • Raymarine ST60 Tridata
  • Icom VHF Radio Waterproof Remote
Electronics / Flybridge

  • Garmin 4212 GPS/ Plotter/ Radar
  • Simrad AP26 Autopilot
  • Raymarine ST60 Tridata
  • Uniden VHF

Exceptionally nice flybridge set up with excellent electronics, and recent super upgraded “canvas”. Well done.

Flybridge

  • Full Electronics
  • Bow Thruster
  • Compass
  • Radar Arch
  • New Flex Steel Helm Chair
  • New Canvas w/ Custom Fwd Bimini Extension
  • New Eisenglass
  • Bench Seating w/ Storage
  • Non-Skid Decking
  • New Freezer (5 cu ft)
  • 750lb Davit
  • 12 Ft. Novarania Hard Bottom Dingy w/ 25 HP Yamaha 4-Stroke St Croix Edition .
Engine Room / Mechanical

  • Twin Cummins 6BTA 330 HP
  • Full Service Done (12/16)
  • Gel-coated Engine Room
  • Thermal Insulation
  • Reverso Oil Change System
  • Raycor Fuel Filters
  • AC/DC Lights
  • Onan 13.5 Kw Generator w/ 525 hrs
  • Glendinning 50-amp Cablemaster
  • (3) 1600 BTU A/C Units
  • Trim Tabs
  • 2016 Service (heat exchangers, aftercoolers, valves adjusted, zincs)
  • 2018 Service (oil, filters, impellers)
Deck

  • Bow Settee
  • Pulpit w/ Remote Spotlight
  • New Fortress Anchor
  • 150′ Chain and 150′ Line
  • Windlass w/ Bow up-down
  • Non-Skid Deck
  • Four Deck Hatches
  • Stainless Steel Bow Rail
  • Port & Starboard Fender Holders
  • (4) Fenders

Custom mattress and bedding. An exceptionally clean vessel.

 

12 Ft. Novarania Hard Bottom Dingy w/ 25 HP Yamaha 4-Stroke St Croix Edition. Her davit operates as it’s supposed to.

New 12/16

  • New Water Pumps (Shower, Raw Water etc)
  • New Thru-hull Intakes and Valves
  • New 50-amp Charger
  • New Bow-Thruster Batteries and Separate Charger

 

Disclaimer

This listing is offered as a convenience by this broker/dealer to its clients and unless noted, is not intended to convey representation of a particular vessel.

Blake Davis Yacht Brokerage Inc., provides the yachts for sale vessel description information contained herein as a convenience to this website user and does not in any manner warrant or otherwise guarantee the accuracy of such information. . Buyer assumes responsibility to verify all speeds, capacities, consumption’s and other measurements contained herein and otherwise provided and agrees to instruct his agent/s to confirm such details prior to purchase. Vessels are subject to prior sale, subject to price and inventory changes and withdrawal from market without notice.

It is very inexpensive  to hire a surveyor to go do a cursory “pre-survey” inspection of any yacht you are considering, and have him take detailed photos of the areas you wish to see more of before you go to the expense of traveling to see the vessel.