2004 Lagoon Lagoon 410 S2 — Kemah, TX 77565

A 2004 Lagoon 410 S2 lying at Kemah, Texas, asking $189,999 through Murray Yacht Sales. The 410 is a VPLP hull — 40.6 ft on 23.3 ft of beam, twin fixed keels, saloon and cockpit on one level — and Lagoon built 283 of them between 1997 and 2006, a great many into charter fleets. That is the design's public reputation and it cuts both ways: shallow draught, roomy, forgiving, straightforward to sell on; also a type whose hardest miles were often worked rather than cruised.

S2 was the mid-life revision, not a new boat. Larger hull windows, the galley reworked to open onto the cockpit, halyards led aft with electric winches, transoms and ground tackle rearranged. Nothing changed under the water. A 2004 example is an ordinary 410 with the better-lit, better-organised interior — which is what the premium buys.

We hold no condition note, equipment list or days-on-market for this boat, so none of this is a verdict on the boat — only on where it is asked. Two questions do most of the work: whether it came out of charter, and where it lay through Galveston Bay's hurricane seasons. It sits among the catamarans under $200k, at the upper end of that band.

The straight generational comparison is a 1997 410 at Shelter Bay Marina, Panama — seven years older, the pre-S2 interior, $14,999 less:

Where the same idea goes one size down, a 2006 Lagoon 380 S2 at Tarragona carries the identical update on a 37.9 ft hull, two years newer and $11,799 under this one:

And where the instinct is to hold 40 ft but buy newer, a 2006 charter-size Leopard 40 asks $9,901 more:

If it is the S2 interior at 40 ft you are after, this is the one to survey first: