Meridian Pilothouse Motor Yachts history and updates
East of I-5 centric
The pinnacle of ALL Yacht Manufacturing was in 1989. I haven’t seen this many big yachts of all marques come to the market (written 12/19) at one time since 2008!! I suspect it’s baby boomers aging out of boating, combined with soaring ownership expenses. Buyers now have a HUGE selection to choose from. In a perhaps related fact: The number one topic of conversation amongst Florida big boat brokers and especially new yacht dealers going back to 1999 was “how do we sell big boats when there’s less and less places for buyers to keep them?” In California, make that 1977. So where do you plan to keep yours?
Is it any surprise that the fast outboard boat market is crushing it?
2019 Market Recap as per Soldboats.com EAST of I-5.
No Bayliner 5288s, or 5788s were sold. The last reported sale was in 2017.
Only six (6) 4788s were sold, and not one in Florida (!)
Only three (3) Meridian 490s were sold.
This is by ALL the brokers in the whole world. These used to be the most popular big boats of all time! Wow, this market went “thataway”.
Contact @ 305 -956-3818 text preferred due to robo calls
Surveyor advice: I recommend Bill Gladding from Jacksonville Florida (Google him) as your surveyor. He know’s his stuff, and he does travel. It will be the best money you will spend. That said- when you find a boat you really like, it would behoove you to have OIL SAMPLES pulled BEFORE going to the expense of hauling and surveying. The port engines and transmissions are always the first to go.
For those seeking technical info on the Bayliner 4788 Pilothouses, I recommend the BOC (baylinerownersclub.org). Yes, I have sold well over 40 of them, but that was back when they were either new or ‘not that old’. NOW, the newest 4788 is 18 years old, the newest Meridian 490 is 12 years old.
Buyers have always wanted the newest boat models for their money.
FOR BOAT OWNERS : Most sellers are aging baby boomers who refuse to accept that boats depreciate, and are totally delusional their current values despite them being shown example (called comps) after example of nice boats sitting on the market for YEARS before selling at exactly the price they were advised to accept years earlier. I still have several posted as proof. The market is the market is the market, and old machines aren’t gold.
I’m seeing decent looking 4788’s with the Cummins engines selling for $45k-$75k – with no hull damage- but needing engines (that includes generators) and total refits. Nice one’s that have been totally refit (but likely still needing new engines if they have the 330hp Cummins) are selling $135k-$180k east of the Pacific Ocean. 2019 Market Summary: Only six (6) 4788s were sold anywhere east of I-5 in all of 2019.
FOR BUYERS: please do not consider the money you spend on a boat as a “investment”. Think of boat money like having a young girlfriend, bar tabs in the Keys, or cocaine. You aren’t getting that money back. Write it off as an adventure.
The 5288’s(540’s) and 5788’s (580’s) ARE FINE. Nice 5288s were selling from $189k -$240k (2016). Nice 5788’s were selling (2017) for $300k on the East Coast. There’s been so sales reported to Soldboats.com since 2017.
MERIDIAN INFO is below- Keep scrolling.
I have never marketed junk, but know there’s a LOT of junk out there.
Off the top of my head I know six (6) 4788’s that were totally sunk (one that totally sank in 06 is now totally burnt in 2019) that have all apparently been “reborn” without the damage ever being disclosed, and that’s not including all the clapped out bank repo’s bought years ago, run hard since, with no refits out there on the market, and you want a “nice one for $100k?” Not happening
Don’t think you’re safe because the boats you’re looking at on the West Coast of the United States haven’t been storm damaged. MANY were trucked west and also well up into Ontario Canada. A 2007 Meridian 490 was sold in Oregon represented by an unscrupulous Oregon broker( there’s some excellent ones in Annacortes and Seattle Wa.) broker as “freshwater, boathouse kept boat from new”.. Aluminum window frames were totally SHOT through with corrosion because it was really from Pensacola Florida. Yeah -it’s like that.
|Bayliner 5288, 4788, and 5788 all lined up together. For all practical purposes the Meridian Pilothouses look exactly like these, with the exception of the shapes of the portlights, salon windows, frames are now white, and new air intake covers (490). Both marques were built in the same Washington State factory by the same workers in the same moulds. Getting rather ‘long in the tooth’ now.|
Meridian History & Updates
Built from 2003-2010 (although the factory closed in 2008, there were a few 490s and 580’s given 2010 HIN numbers).
Meridian 580 Pilothouse Motoryachts. NO latent defects.
If you can find a 2002 Bayliner 5788 with the Cummins engines, and the high gloss cherry wood, buy it, as they’re as rare as the proverbial unicorn or common sense.
2019 Market Update: There hasn’t been any 5788s or 5288s sold anywhere east of I-5 since 2017!
These really are quite the high-tech built yachts, as Brunswick, even on their Bayliner Pilothouse series was one of the first boat builders to use cam controlled laser machine tools. All models use a unitized construction process; load-bearing bulkheads are bonded to the hull and deck to provide a yacht that is stronger and more durable than most boats today. Longitudinal hull stiffeners give additional strength on the hull sides give additional strength on the hull sides,absorbing stress that would otherwise continue to move through the boat. The Meridians were built in the same factory by the same workers in the same moulds used to build the Bayliner Pilothouse series.
Directly from the Meridian Dealers Manual>>> Every Meridian features a precision-overlap, bonded hull deck and joint that forms a tight seal against the elements. Stainless-steel through-bolts further strengthen the joint.
MOST importantly they use a Vinylester barrier coat which prevents water from penetrating the laminate, minimizing the risk of blisters forming on the hull.
During their fiberglass construction process, each part is hand laid by skilled craftsmen using heavy-grade 24 ounce woven roving and biaxial stitched fabric, hand rolled and finished between alternating layers of strand. This ensures superior strength while providing a mirror-like exterior finish. It also allows them to offer a 10 year structural hull and deck limited warranty on the Meridians.
They use the finest pre-cured gel coats for a uniform, high-gloss finish that stands up to the toughest elements. Their boot stripes outlast taped stripes because they are incorporated in the gel-coat.
Engine beds with transverse crossbeams reduce vibration and add strength. These structural engine mounting transfer the weight, torque and thrust of the propulsion system to the structural components of the hull.
The radar arches are now fiberglass which will not corrode as the older Aluminum ones would. The Rail stanchions are welded inside and out to provide maximum strength. All exterior welds on rail systems are ground and polished to minimize surface corrosion. All molds are created by a five-axis milling machine. This process allows molds to be constructed to minimal tolerances for unparalleled consistency in the final product.<<<<<
- NOTE: the salon superstructures, doors, window frames, pilasters are made of Aluminum. This is another reason these boats have a low center of gravity, and as everybody knows; aluminum is very strong and light. Pretty high tech for a low priced yacht isn’t it? This is also the reason why the salon windows don’t leak or crack on the Meridan pilothouse models. The window frames are not supporting the weight of the flybridge as are other marques. Because in many other brands it’s the window frames alone structurally supporting the flybridge, which is why they continually have windows crack as the bridges bounce. NOT the Meridians- they have a strong aluminum structure, AND strong window frames. Aluminum is subject to corrosion if not properly zinc treated, and especially if salt is allowed to build up.
Meridian 490’s are just a continuation of the Bayliner 4788’s so it’s (hopefully) safe to assume the construction layups are the same as below.
The engine options of the Meridian 490s were all Cummins engines. 330 hp, 370hp Diamond Series, and in later 2007 and all 2009 models they had the 380hp Cummins Common Rail electronic engines- which are virtually smokeless and are very fuel efficient.
The Cummins QSM electronic diesels of the 2007-2010 model years in the 490’s got BETTER fuel mileage than the mechanical engines, do not smoke, and are quieter.
- . In related fact- The owner of the “Barbara K” (99 4788 w/370’s) cruised down from Charleston SC to Miami for loading on a ship to New Zealand, and she burned exactly 180 gallons of fuel. His speeds varied, running both in the open ocean and Intracoastal Waterway. You should expect similar burns from Meridian 490s with these engines.
- FUEL BURN Cummins 330 hp.
- 1000 RPM = 6 knots 1.5 gph each = 3 gph= 2 nmpg
- 1400 RPM = 8 knots 2.8 gph each = 5.6 gph =1.43 nmpg
- 1600 RPM = 9 knots 3.9 gph each= 7.8 gph = 1.15 nmpg.
- 2600 RPM =18 knots 12.4 gph each=26.8 gph=.67 nmpg
- 2800 RPM= 22 knots 17.4 gph each=.34.8 gph=.63 nmpg.
Range with 10% reserve 396 gallons
- 1000 rpm=792 nautical miles
- 1400 rpm =562 nm
- 1600 rpm=344 nm
- 2600 rpm=265 nm
- 2800 rpm=249 nm.
Disclaimer: Your results may vary. That’s a pretty impressive range. The nice thing about a 4788 is you can go slow, OR if you feel like it-you can get up and GO.
These boats came from the factory pretty well equipped with standard items that most manufacturers would call options such as 330hp Cummins, 8kw gen, 4 electric heaters, electric davit, w/icemaker in main salon, fully equipped galley w/trash compactor, microwave, etc, canvas covers, electronics package w/Autopilot, Gps, radar, Vhf, TV/VCR, stereos, electric windlass,etc.
All have Bronze shaft struts and rudders, Bronze Seacocks, color coded wiring, Racor filters and top of the line appliances, machinery and equipment.———————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————
- MERIDIAN 540 built from 2003 – 2005.
- LOA: 54′ Beam: 16’03” Bridge Clearance:19’03” Headroom: 16’07” Dry Weight: 50,554lbs.
- Tankage: Fuel: 700 gallons Water: 200 gallons Holding: 76 gallons
- these larger yachts give a real “yacht feel and ride“. The engine rooms are accessed from the cockpit via hinged stairs to the flybridge. The headroom and space in these engine rooms is excellent. Incredible amount of storage in the lazarette, and in the hollow swim platform.
MERIDIAN 490- built from 2003-2008
LOA: 54′ Beam:15’01” Bridge Clearance:18’02” Draft: 3’04” Headroom: 6’05” Dry Weight: 29,990lbs
Tankage: Fuel: 444 gallons Water: 200 gallons Holding: 48 gallons
- The 490 has the same features we all liked on the 4788’s. In the later part of 2004, in a huge improvement, they made an engine room access hatch in the salon sole BETWEEN the engines in addition to the standard entrance via the companionway stairs. On flip side of that improvement- they eliminated the storage under the L-shaped settee, which is odd. There’s nothing in there, they just installed modular seats that do not open up. I’m sure a good upholstery shop can rectify this. On the 4788 this L-shaped seating areas is one of the storage area’s for bulk goods, and is also a popular place to install an inverter, being that the batteries are (offset) below this space in the lazarette.
- I’m very disheartened by the time (oldest one is now 17 years old and the newest Pilothouse is now 12 years old) related issues I’m now discovering in the 490’s only- I’m NOT seeing these issues in the 540’s or 580’s.. For many years (past tense) these 490’s were rather immune to the issues common to the older 4788’s No longer true.
- What’s particularly alarming in the issues I’m discovering UNIQUE to the 490’s that didn’t exist in the 4788’s.Whereas corrosion of the exterior of the aluminum window frames did occur some (99’s-01s especially) model year 4788s. I’m seeing window frames on some 2006 and 2007 490’s that were TOTALLY shot through with corrosion so bad that they’ve lost their structural integrity. I’m seeing pilothouse windshields flex (YIKES!) I know a 2007 490 in Oregon (misrepresented as a “freshwater shed kept boat” by unscrupulous Oregon broker- the boat was originally from Florida) that needed it’s complete window frames replaced. That was not an easy or inexpensive job.
- .I always knew of the dry rotting plywood that was laminated to the hull- inside the lazarette when NEW. This issue was repaired by the dealers when new- IF caught. Of course there were several Meridian Dealerships that went out-of-business in 2008, that still had new unsold boats from early years still in their inventory (especially Alameda Ca.) which were liquidated by National Liquidators or given to other dealers to sell. It’s safe to say- that those boats never received the needed repairs when new. NOW here we are 11 years or more later, and the rot on those boats has spread to under the generators (frames are also rusting away) .
- The bow pulpits are cored with plywood, and I’m also seeing rot there (as the 4788’s) too.
- The foredeck under the pulpit, and windlass are also showing softness from water egress-the same as the 4788’s. Sealants only last so long.
- I’m seeing leaks in the salon, galley AND in the pilothouse in places where the 4788 never leaked at all.
- The drain hoses and pot metal drains they were attached to were not of the highest quality. If the 490’s have the 330hp Cummins, then they too are suffering the same engine ills as the 4788’s.
- The good news is that Cummins has engine swap out deals where they take out your old engines, and replace them with factory reman’s with full new engine warranties. The engines are easily swapped out, and it’s relatively cheap at $40k -$50k for two engines- (depending on the location of the Cummins Dealer) and their overhead. Price out a new engine for a Mercedes Benz AMG sometime. All of a sudden these diesels are a bargain.
- The good news is that 490’s are selling for half the price (or less) when they were new or even “newer”.
- Let me repeat- I’m NOT seeing any of the 490 issues in the Meridian 540’s or 580’s. They were excellent yachts when new, and are still excellent yachts. You DO get what you pay for.
- 2019 Market Summary: Only three (3) 490s were sold east of I-5 for all of 2019.
Although no Meridian 58’s or 490’s hulls were laid up after 2008, a few 490’s were given 2010 HIN numbers, as they were still at the factory in 2009, and not sold until 2010. You would have to ask the Coast Guard that ‘trick’.
Although built in the same moulds as the Bayliner Yachts, the Meridians have different shaped port lights than the Bayliners, and the Meridian 580’s have larger salon windows that don’t open-unlike the 5788’s. The 580 and 540 Meridians do not have port side pilothouse doors. The fit and finish of the interior is richer with the Meridians, better grade carpeting, hardware, and a MUCH higher quality pilothouse helm chair, etc.
Meridian History & Updates; the first year (2003) the Meridian 490’s were introduced they actually were just leftover 2002 4788’s models with teak interiors, with the HIN number changed (which can be easily seen on the first 03 models). The portlight shapes are different in the hull, as are the engine air intakes. Other than that…pretty much identical exteriors. I had clients attempt to purchase new 03 Meridians back in 03. The dealers stood firm at $530k no matter how hard they tried to buy for less. Surprisingly enough -none of the new 490’s had the high gloss Cherry Wood interiors everybody loved about the 2002 4788’s. (Time has shown this to have been a wide decision as that photo veneer began fogging where exposed to light, and vertical cracks appeared on curved sections).
The salon TV’s on Meriidan 490’s no longer have a cover, so you always have a “glass eye” staring at you. Their prices were substantially ($150k dealer cost) higher than what the 02 Bayliners. Brunswick did a major dealer “sweep” in 2002 and eliminated many long time Bayliner dealers from selling this “new” line of boats, instead having many Sea Ray dealers market these vessels. As you can imagine this threw this market in total disarray as most Sea Ray dealers who had been selling Sea Rays, sometimes literally across the street from Bayliner Dealers for decades, now all of a sudden were being instructed to promote a boat they had spent years selling against. It’s safe to say it caused a lot of confusion in the boat market and sales were sporadic as there was huge buyer reluctance to pay hundreds of thousands of dollars more for basically the exact same boat (minus standard features of a 4788) it had replaced only months earlier.
Florida residents can legally leave their purchase here in Florida for 90 days without Florida sales tax being due. You can buy another 90 day decal, which mudy be purchased from a Dealer or Yacht Broker at time of purchase that allows a buyer another 90 days on top of the original 90 days- for a total of 180 days. So-fly here, cruise the Bahamas (45 miles from America), the Keys, or Cuba (90 miles from Marathon or Key West) and experience crystal clear water while enjoying your new yacht. Don’t be in such a hurry to return to opaque water.
The Meridian Pilothouse Motoryachts were all built in the Washington State plant. The 490’s were trucked directly to their dealers, but the 540’s and 580s were trucked to Galveston Texas where they were assembled then run on their bottoms to the East Coast Dealers when new. SOME may have also been trucked to their dealers in the Midwest. The 540’s and 580’s will require MUCH more in decommissioning to truck than the smaller boats but these boats are quite capable of running on their bottoms pretty much anywhere coast wise (or across the Caribbean) if you have the time.
OR VIA SHIP -I’m finding that with the higher and higher prices of trucking, it now makes sense if your going coast to coast to just use SHIPS (link on front page) . It’s almost the same kind of money as trucking, plus the boat does not need to have any thing taken apart. They can drop you off in Costa Rica , Mexico, or British Columbia Canada. I’ve recently (2014) sent 4788’s and 490’s from Ft. Lauderdale- to New Zealand and Australia from $35k to $50k.
In 2016 a 5788 went to New Zealand from West Palm Beach for $75k . SHIPPING PRICES is all Supply and Demand so please contact the shippers direct (links here on my site).
2014: Dockwise and Seven Star have merged.
2016: I’ve been told that the normally scheduled ships from the USA to Australia and New Zealand are on hold until further notice due to the low demand due to Australia’s economic problems, plus the strong US dollar, which has now made American goods quite pricey.
2018: Ships are running again. The uptick in the economy has allowed them to return service to Ensenada Mexico (close to California) and BC -close to Washington State
Note that the air intake covers on the 490 Meridian extend past the rub rail. This is the reason the Meridians have their beam listed at 15’01” while the Bayliners are 14’11”, it’s solely the engine air intake vent covers.
If your going to truck a 4788 or 490 you need to get it down to this height as shown in the photo below.
The following must be brought down to do so: arch, flybridge windshield, the steering wheel pod, and props. Most all were brought from the factory like this. They were DESIGNED to be trucked so it’s no “big deal” (other than a lot of 5200 has to be removed and replaced). Expect to pay at least $3k at each end for a yard to take it apart, and to reassemble. Don’t forget these expenses when a trucker gives you quotes.
ALL the truckers I used to use (who dismantled, prepped, trucked, and reassembled) for trucking these boats got out of the boat transport business years ago when all the manufacturers went out of business, whilst at the same time it became cheaper for a buyer to use SHIPS from Florida to the West Coast of America. Therefore I no longer have any particular truckers I can recommend.
Blake Davis Yacht Brokerage Inc. 4308 Village Palm Ln. St. Lucie Village, Fl. 34946