IMPORTANT NOTE:  This ridiculously low starting bid is set to facilitate a quick sale.  This is a 7 day auction with no reserve set so that she can close by the end of April.  If your eyes are greater than your means, please DO NOT BID.  The lucky winner will be the one who understands that Shannon will be sold TENS OF THOUSANDS of DOLLARS BELOW THE AVERAGE SELLING PRICE in addition to one who has the ability to close quickly.  Even the older style 380 Catalinas with thousands of hours sell for much more than the starting bid.   I am told that the previous owner passed away a little over a year ago. The bank holding the mortgage subsequently foreclosed upon SHANNON and she is now available for an incredible buying opportunity! Please view the 200+ photos of this 387 Catalina to see just how much this one shines! SHANNON is powered by a 40hp Yanmar diesel engine. The hour meter on the tachometer reads just 334 hours on it. This Catalina has two staterooms, a fully enclosed head & shower, plus a large main salon. She is hull number 62 from the factory. Here are some of the other features that I am aware of: Ultraleather seating surfaces in salon Windlass Anchor System Teak and holly flooring in the salon and staterooms Electric head Princess gas stove and Oven Delonghi Convection Oven Propane solenoid valve Acu-Gage water level monitor Water heater Standard Horizon VHF (appears newer) In-counter drop-in refrigerator Xantrex Power Inverter Charles Battery Charger Bow dodger Color Raymarine chartplotter/ radar unit at the helm Raymarine radome on the mast Raymarine autopilot at the helm Sony XPLOD Stereo with CD Changer Based on my observations, this Catalina exhibits a number of features and benefits beyond what I would consider an average 387 Catalina of this year. My observations include:The sails, covers, and rigging lines appear to be in good condition The stainless rails all appear to be in good condition and exhibit great shine The cabin appears to have been lightly used She has the optional air conditioning for the master stateroom (see note below) Her bow dodger and associated canvas appear to be in serviceable (if not good) condition Her engine appears relatively clean in appearance She has a newer LCD television in the salon with DVD player Her manuals are present She has the desirable WING KEEL/ SHOAL DRAFT (4’10”) She has new 4D batteries that were installed in October (2016).  Based on looking at SHANNON and moving her to her current slip, I noticed the following imperfections/ items that may need attention: The board on air conditioning unit appears to need replacement. The A/C initially powered up for me and blew cold air, however, the breaker tripped about 10 minutes after running. Power was checked and is good going into the board; however, it appears that the board shorted. This is relatively common for A/C units as we had a board failure on one of our vessels in Florida last year. (We had a board replaced for $600 in Florida.) There is area of paint on the starboard side that shows imperfections if seen up close.  We had a marine surveyor look at that area as well as the entire bottom of the boat in March 2017.  He used both the ping method as well as a moisture meter.  That area in question has delimitation that will need to be repaired at some point.  The area of delam is appoximately 1 foot x 1 foot.  The moisture meter did not indicate that the area is holding moisture, which is very good.  There is also an area directly above this spot above in the cap, above the rub-rail, that will need gelcoat repair.  It is also not holding moisture, per the meter.   There are some spots on the interior wood walls where the stain has lightened. (The most noticeable areas are directly behind the shelf adjacent to the sofas. If SHANNON were my personal vessel, I would let the areas be and not bother re-staining/ refinishing.) The map table has discoloration in the wood. This look to be a result from a leaking seal.  (I would plan to refinish this and fix the leak, if SHANNON were my personal boat.)The macerator pump appears to need replacement as its breaker trips immediately. 
I, personally, would budget $10,000 to get Shannon repaired and set for my purposes.  It can be done for considerably less for the knowledgable sailor and one could spend more if he/she is looking for an absolute "like new" boat.  I moved SHANNON last month on Back Creek in Annapolis, Maryland. She started right up and ran great while underway.  She is currently in the water at a marina on Back Creek. 

There are sails in the AFT stateroom. She is an IN MAST FURLING MAIN SAIL.  Please see the photos. To me, each looks to be in good condition. Note that my observation is solely based on what I can visually see of them in the stateroom. Shannon is currently in the water and ready to be driven away under her own power.  (She was re-launched in the middle of last month.)  The mast is currently in storage near SHANNON’s current slip. Port Annapolis Marina quoted 14-16 hours to rig + tune the mast. They charge $105 per hour for rigging. Other yards will charge less, but for the purposes here, I recommend budgeting $1800 to re-step the mast. For those that desire to transport this Catalina via truck, it is a benefit to keep the mast down until she reaches her new destination. The sails are currently in the aft stateroom. They look very clean to me. It is important to note that of those sold comps above; the vast majority had more hours. (Average hours are generally accepted at 100 hours per year. I will be happy to send out the comps to those that request via email.) Further note that those numbers reflect the average prices. In my experience, comps with high hours, significant flaws, and high wear and tear tend to sell below the average price. Those comps with low hours, few flaws, and low wear and tear tend to sell above the average price. WE ENCOURAGE ALL SERIOUS PARTIES TO LOOK AT SHANNON. You may contact me, Rob, directly at 561-676-7250 to set up a showing.   We are looking to get SHANNON sold in the next few weeks.  Do keep in mind that once this Catalina is sold, the chances of being able to find another at this opportunity will be nearly impossible. Please note that I am in Florida. We do not have any sales representatives located in Annapolis, however, I do have a couple of friends in Annapolis that can assist. SHANNON is currently winterized and on land in Annapolis (off Back Creek).Please keep in mind that SHANNON is a bank foreclosure and it is not my personal boat nor did I know the prior owner.  I am not able to speak to the ins / outs of this vessel nor am I able to speak about how she sails, etc.  My comments above are solely based on my own observations.  I am sure there are more flaws than what I observed as she is a 10 year old+ vessel.  This is not a brand new or perfect vessel.  SHANNON will be the 3rd Catalina that we have sold in a year.  Given the circumstances, information available, time of year, etc,  we have set her WAY below average prices.   I believe this represents an opportunity for the winning bidder to purchase SHANNON well below what the other 387s have been selling for on the traditional retail/ brokerage market. Please understand that I have done my best to represent the vessel as I notice it to be. Neither I, Aqueous, the financial institution, nor any other agents express or imply any guarantees or warranties whatsoever about this vessel (or any vessel). The description and photos do not represent any guarantees about the condition of the vessel or accuracy of any information. WE ENCOURAGE ALL BUYERS TO DO THEIR OWN INSPECTIONS / OBSERVATIONS PRIOR TO PURCHASING. Please understand that this is not a brand new yacht. Accordingly, we do not expect it to sell for the same price as a brand new one. Buyers are welcome to have the vessel inspected and surveyed. Any survey will be for the buyer’s benefit and will not constitute a price reduction or negotiating tool. Florida residents or anyone wishing to bring this Catalina to the State of Florida will be required to pay the state sales tax of 6%. We have a clear and marketable title to this vessel. SHANNON was previously documented with the United States Coast Guard. Upon qualification and a $84 application fee (if no lien is recorded), the new owner can obtain a USCG Certification documentation certificate in his/ her own name. If the owner desires a state issued Certificate of Title, then Aqueous can obtain a Florida Certificate of Title for the next owner if applicable fees and taxes are remitted. (Certificates can take up to 60 days to obtain.) Personal and/or professional inspections are very welcome prior to purchasing. Please feel free to call Rob with Aqueous Yachts at 561-676-7250 to come look at this beauty. Keep the saying in mind on this one: "The yacht that you found today and will consider tomorrow is the same one that another guy found yesterday and is considering today".