Formula 303 SR-1

1993 Formula 303 SR-1 – Fresh Power, Classic Performance, Exceptionally Clean | Comes with Trailer

If you know Formula’s performance heritage, you already understand what the 303 SR-1 represents: a true deep-V, offshore-bred performance hull designed for speed, stability, and confidence in rough water. This particular boat stands out as a well-preserved, mechanically refreshed, and professionally maintained example that blends classic Formula styling with modern reliability.

The highlight of this boat is its recent drivetrain investment:
• Starboard engine: Professionally remanufactured with only 6 hours of runtime
• Port engine: Professionally refreshed with approximately 120 hours

Combined with new gauges, clean rigging, and strong cosmetic condition, this 303 SR-1 is a turn-key performance boat that’s ready to be enjoyed immediately.

Vessel Overview

• Year: 1993

• Make: Formula

• Model: 303 SR-1

• Hull Type: Deep-V, performance offshore hull

• Construction: Hand-laid fiberglass with reinforced stringer system

• Title/Registration: Clean and ready for transfer

• Overall Condition: Very clean, well-kept, and mechanically sorted

Dimensions & Specifications

• Length Overall (LOA): Approx. 30’ 3”

• Beam: Approx. 9’ 6”

• Dry Weight: Approx. 8,200 lbs 

• Draft: Approx. 3’ 0” (drives down)

• Fuel Capacity: Approx. 120 gallons

• Fresh Water Capacity: Approx. 20 gallons

• Holding Tank Capacity: Approx. 20 gallons

• Deadrise: Approx. 22 degrees (true offshore performance design)

• Electrical: 12V DC / Shore Power capable

Power & Drivetrain

This boat has had significant recent mechanical investment, making it ideal for a buyer who wants performance without inheriting unknown engine history.

Engines

• Twin Gasoline Inboard/Outboard (I/O) Setup

• Starboard Engine:

  • Professionally remanufactured

  • Approx. 6 hours of runtime since completion

  • Break-in period essentially just completed

• Port Engine:

  • Professionally refreshed/rebuilt

  • Approx. 120 hours of runtime

• Smooth idle, strong throttle response, and excellent overall running condition

Drives & Systems

• Bravo-style stern drives (performance-oriented configuration)

• Hydraulic steering system

• Stainless steel performance propellers

• Trim system for dialed-in running attitude

• Clean engine bay with organized wiring and hoses

Helm & Controls

• All gauges replaced – clean, easy-to-read, and modernized

• Performance steering wheel

• Dual throttle and shift controls

• Engine monitoring systems for RPM, oil pressure, temp, voltage, and fuel

• Windshield with center walkthrough for easy bow access

Cockpit & Layout

The Formula 303 SR-1 is known for its driver-focused cockpit and comfortable performance layout.

• Dual high-back helm and passenger bolster seats

• Aft bench seating for passengers

• Large sun pad over the engine hatch

• Non-skid deck surfaces throughout

• Clean upholstery and well-kept interior materials

Cabin & Interior

A perfect blend of day-boating comfort and overnight capability:

• Forward V-berth sleeping area

• Compact galley with sink and storage

• Cabin lighting and ventilation

• Storage compartments for gear and personal items

Hull & Exterior

• Classic Formula SR-1 graphics and profile

• Deep-V hull designed for high-speed stability and offshore confidence

• Clean gelcoat with excellent shine for the year

• Stainless hardware throughout

• Swim platform with boarding ladder

Condition & Highlights

• Starboard engine remanufactured – only 6 hours

• Port engine refreshed – approx. 120 hours

• All new gauges installed

• Strong-running, well-sorted mechanical setup

• Very clean interior and exterior

• Classic, high-demand Formula performance model

• Turn-key and ready for the season

Why the Formula 303 SR-1?

Meaningful performance hull. Proven offshore ride. Iconic Formula build quality. This boat delivers big-water capability, high-speed handling, and timeless styling in a package that’s becoming increasingly hard to find in this condition — especially with fresh professional engine work already completed.