The Ta Shing–built Panda 38 is a sought-after cruising classic, produced in limited numbers yet widely respected among seasoned sailors. Known for their craftsmanship and bluewater pedigree, these medium-to-heavy displacement, full-keel cutter-rigged vessels share lineage with the acclaimed Baba and Tashiba lines—also built by Ta Shing. The Panda 38 carries that same character-rich aesthetic while delivering the practicality and capability demanded of serious offshore cruisers.

Below decks, warm teak, spruce accents, and abundant natural light create an inviting atmosphere that contrasts beautifully with the vibrant upholstery. The layout is thoughtfully executed for extended cruising comfort. On deck, bulwark-protected side decks, wide walkways, outboard shrouds, and the Panda’s famously gentle motion all contribute to a feeling of security and ease underway.

Notable Highlights

Reportedly this is Hull #1 of the Panda 38 Series

Repowered with a Yanmar 53hp diesel (2008)

Custom bimini and davit system

Solar array mounted on bimini

Transferable moorage with marina approval

If you’re seeking a traditional, full-keel cruising yacht with proven capability and warm, spacious accommodations, this Panda 38 deserves your attention. The combination of its upgrades, pedigree, value, and future potential make it an exceptional opportunity for the right owners. Showings available by advance appointment.

Upon entry into the main cabin you will be presented with rich warm space that is surprisingly spacious for a boat of this vintage. Rich teak beams accent white headliners, and ccontrasts rich wood bukheads and millwork. Quality bronze opening ports throughout the boat.

Galley:

Immediately to port is the C-Shaped galley, with a large top loading refigerated icebox, three burner gimballed propane stove oven, under counter trash bin, deepdouble stainless steel sinks. Wall mounted cabinets and a set of drawers provided decent storage. The galley is set to work well while underway.

Salon

Midship is the main salon and dining area. This area is comprised of a Port Side settee with a wide seat base that seats three and is a good single bert underway. To sstarboard is a C shaped sette, with an attractive Teak high low table. Starboard seat bases are also quite wide to work as a single berth, the table can drop to create a double berth. This area is surrouned with enclosed and open storage, diesel bulkhead heating, and is a great space for lounging or entertaining.

Primary Stateroom:

Head:

Starboard and forward of the saloon is the head and shower compartment. Lots of storage, opening ports.

Nav Table and Pilot Berth:

Starboard aft is a generous nav station, fitted with electronics, electrical panel, a work top with storage. Built into the navigation station is a hanging locker with drain for wet gear. Aft of this station is the pilot/quarter berth with a generous single berth. Batteries fitted under berth.

Hull: Hand laminated 24 oz. woven roving alternated with 1.5 oz. mat fiberglass, to designer specifications. All living areas of the hull are insulated with P.U. foam to reduce condensation. The hull insulation is sealed off with a pair of mat & roving fiberglass.

Deck: Hand laminated 24 oz. woven roving alternated with 1.5 oz. mat fiberglass, to designer specifications. Balsa wood core material in the deck & house for stiffening, insulation and weight saving properties. Teak decks are standard, bedded in Thiokol. Molded-in nonskid surface in the house top.

Ballast: Iron, 6,600 pounds, cast in one piece and internally sealed and glassed over to designer specifications.

Rig: Keel Stepped, Aluminum, Internal Halyard, Mast Head Rig with Staysail/Cutter set up.

Standing Rigging: 1x19 SS Wire renewed around 2007/08

Sails:

Hull Fittings: Bronze thru-hull fittings with bronze lever action seacocks. All thru-hull fittings are bonded to the yacht's bonding system.

Deck Hardware: Double stainless steel bow and stern pulpits. Double vinyl coated lifelines with wide opening gates port & starboard. Teak roller bearing blocks for the running rigging. Roller bearing main sheet traveler. Genoa & staysail tracks port & starboard. Genoa turning blocks. All deck hardware is through bolted and backed with stainless steel backing plates. Four 12" stainless mooring cleats. Teak sea hatch. Four teak dorade boxes with stainless steel cowl vents. The forward two dorade boxes are protected with stainless protection bars. Stainless steel air vent over the shower stall area. Six mooring line hawse pipes in the bulwark. Six deck prisms.

Opening Ports & Hatches: Twelve bronze opening ports in the sides of the house, with the bottom of the ports sloping outward to drain water from the ports. Teak double-opening butterfly hatch over the main cabin. Large opening teak hatch over the forward stateroom.

Bowsprit: Laminated bowsprit bedded into a large teak sampson post. Teak platform with two bronze anchor rollers mounted on top of the bowsprit.

Anchor & Windlass: Simpson Lawrence Sea-Wolf 12V windlass, 65lb Plow style Anchor with 320' of 3/8" Chain and 80' of 3/4" Nylon Line.

Wale Stripe: Molded-in wale stripe, painted. Molded-in scroll design, port & starboard above the wale stripe in the bulwark, at both ends of the yacht. Teak cap rail above the bulwark. There is half-round teak trim under the wale stripe with optional teak rub rail available.

Steering System: Pedestal wheel steering with stainless steel rimmed steering wheel. Engine controls mounted on pedestal with wheel brake. Chain/wire steering to the quadrant. Emergency steering tiller.

Winches: All winches are Lewmar self tailing, chrome plated:

Primary jib winches two #48CST Staysail sheet winches two #30CST Main sheet winch #40CST Jib halyard winch #30CST Staysail halyard winch #16CST Reefing winch #16CST

Engine: Yanamar 4JH5E 53 HP, fresh water cooled diesel engine with V-drive. Flexible engine mounts. 85 amp alternator. Additional Racor fuel filter in the fuel line. Salt water strainer. Aqua lift type muffler. Foam/lead insulated box.

Tankage: Two stainless steel fresh water tanks, with large inspection plates & baffles. Total water storage capacity is approximately 140 gallons. A renewed black plastic fuel tank is installed centerline below the sole. One new holding tank installed Spring 2026. All tanks are vented to the outside of the yacht.

Electrical System: Four Trojan 6V Golf Cart Batteries for the house bank. Batteries with four position master battery switch. Bass Yacht mate electrical panel with four meters and all necessary circuit breakers. Bass sealed beam bulkhead lights. Four fluorescent indirect lights. Six overhead dome lights. Aqua Signal running lights to International Rule. Shore power connector with 120 volt , 30 Amp, AC outlets throughout the yacht. Red night lights. Hanging locker lights.

Plumbing System: Par pressure water pump. Hot/cold pressure water in the galley and head/shower stall area. Salt water foot pump in the galley and fresh water foot pumps in the galley and head. Large deep double stainless steel sinks in the galley. Manual bilge pump in the cockpit plus electric bilge pump. Moen single-lever faucets in the galley and head. Hot water heater, 120 volts AC plus heat exchanger for getting hot water from the engine. All hot/cold water is plumbed through nylon reinforced hose, imported from the U.S.A. Manual head, plumbed through a "Y" valve for discharge directly into a holding tank or overboard when at sea. Shower sump pump with filter.

Interior: Teak & spruce cabin sole with built-in dust bin. Solid vertical teak staving on the interior bulkheads. All hanging lockers are lined with camphor wood. Spruce battens against the side of the berth areas and on the outboard side of all exposed book lockers. Formica or light wood counters in the galley and marble counter in the head. Laminated beams overhead with removable Formica panels between the beams (spruce staving overhead optional). The interior teak is finished with a satin varnish. All locker doors are of louvered teak with laminated teak frames. Four to six inch contoured foam cushions with vinyl covers. Teak grates in the cockpit, at the bottom of the companionway stairs and in the shower stall. Wet locker that drains into the sump area. Nonskid material recessed into the companionway stairs. Teak main cabin table with hand crafted star-burst pattern. Stainless steel lines stove well. Foam insulated ice chest with vapor barrier.

Electronics & Navigation:

Electrical:

Important Disclaimer:

For Vessels: The details of this vessel presented herein are based exclusively on representations made to us by the seller and are solely related to the vessel and not ancillary items such as moorage. While we are not aware of any reason to believe these representations are inaccurate in any material way, we have not conducted independent investigation or diligence to verify same. As a result, it is the express responsibility of, and we highly recommend that, interested parties perform such investigations and diligence as required to confirm all material terms of the listing. Furthermore, interested parties are responsible for engaging such parties as are required to complete its confirmatory investigations, including but not limited to a purchase agent, legal counsel, inspectors, mechanics, and surveyors. Final terms and conditions related to the sale of vessel will be contained in an agreement of purchase and sale, which agreement shall contain all representations, warranties and covenants of the parties related to the vessel and specifically supplant the details presented in this listing. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

For boathouses, boat sheds, moorage slips and docks: The details of this [boathouse, boat shed, moorage slip or dock] presented herein are based exclusively on representations made to us by the seller and are solely related to the [boathouse, boat shed, moorage slip or dock] and not ancillary items such as moorage, tenancy rights of any party or live aboard rights. In addition, no representation or warranty is made in respect of physical condition. As a result, it is the express responsibility of, and we highly recommend that, interested parties perform such investigations and diligence as required to confirm all material terms of the listing. Furthermore, interested parties are responsible for engaging such parties as are required to complete its confirmatory investigations, including but not limited to a purchase agent, legal counsel, inspectors, mechanics, and surveyors. In addition, we make no representations as to the transferability of the moorage, the price of moorage, any terms of the moorage or existing tenants and the legitimacy of any tenants. We highly recommend that potential buyers speak with the marina, tenants or owner directly in order to gain a full understanding of any details important to the buyer prior to inspection. This boathouse, boat shed, moorage slip or dock is offered subject to prior sale, price change, or withdrawal without notice.