Live Online Auction

Bidding to take place April 2nd, 2026 from 9:00 AM to 4:00 PM

Required Bid Deposit: $10,000.00

Opening Bid: $60,000.00

3% Buyer’s Premium

No Additional Reserve

The 2002 Fountain 42 Lightning is an offshore performance legend, built with the aggressive lines, stepped hull design, and race-inspired engineering that define Fountain’s reputation. At 42 feet, it delivers an exceptional blend of speed, stability, and big-water confidence, making it one of the most sought-after models in its class.

This particular 42 Lightning is in immaculate condition and has been exceptionally well cared for. It has been recently repowered with fresh Mercury Racing 1350s, currently showing only 20 and 26 hours. The new power brings incredible acceleration and top-end performance, offering a rare opportunity to own a turnkey, high-horsepower 42 that is ready to run. Clean, aggressive, and dialed in, this Fountain is built to impress at the dock and dominate on the water.

Bidding Instructions

Purchase and Sale Agreement

General Information

• Year: 2002

• Model: Fountain 42 Stag Offshore

• Hull Identification Number: FGQ42498E102

• USCG Documented

Dimensions

• Length Overall: 42’ 0”

• Beam: 8’ 3”

Hull & Construction

• Material: FRP (Fiberglass)

• Rub Rail: PVC extrusion with stainless steel insert around the full perimeter

• Swim Platform: Integrated design created by extending the fantail over the sterndrives

• Transom: Formed transom with sterndrive configuration

• Interior Structure: Transverse bulkheads and longitudinal bottom frames at the engines

Deck & Cockpit

• Layout: Molded laminated fiberglass cockpit with starboard forward helm station

• Seating: Captain’s seat with bolster and additional cockpit bench seating

• Enclosure: Full cockpit canvas enclosure

• Hardware: Stainless steel pop-up cleats

• Access/Egress: Powered engine compartment hatches and an escape hatch over the V-berth

• Windshield: Wraparound aluminum frame with tempered and tinted glass

• Drainage: Flush mount deck drains

Cabin & Interior

• Accommodations: Enclosed cabin with V-berth

• Amenities: 12VDC Stereo system

• Storage: Internal cabin storage areas

• Head: Single marine head with MSD U.S.C.G. Type III holding tank

Propulsion

• Engines: Twin Mercury Racing 1350 with Whipple enhancements

• Cylinders: V-8

• Drive Units: Sterndrives

• Mounts: Adjustable motor mounts on longitudinal engine bed stringers

• Alarm System: Audible alerts for low oil pressure and high water temperature

• Indicated Engine Hours:

  • Port: 26.8 hours

  • Starboard: 20.4 hours

Steering & Controls

• Steering: Hydraulic system with reinforced flexible lines and metal fittings

• Controls: Mechanical shift and throttle

• Helm Instrumentation (per engine):

  • Tachometer

  • Fuel pressure gauge

  • Oil pressure and temperature gauges

  • Water pressure and temperature gauges

  • Boost gauge

  • Voltmeter

Fuel System

• Fuel Type: Gasoline

• Tankage: Four aluminum fuel tanks

• Hoses: USCG Type A reinforced rubber fuel lines

• Monitoring: Analog fuel gauges

Electrical Systems

• AC System: 125VAC 30A 60Hz shore power inlet with GFCI-protected receptacles

• DC System: 12VDC system with battery switch and battery charger

• Wiring: Marine-grade stranded copper with UL 105°C rated thermoplastic jackets

• Protection: Bus-type fuses and circuit breakers

Heating & Cooling

• System Type: Marine air (reverse cycle) for cooling and heating

• Capacity: 9,000 BTU cooling / 10,000 BTU heating

Navigation & Safety

• Navigation: Magnetic compass and depth sounder

• Bilge Management: 12VDC bilge pumps

• Ventilation: Dual 12VDC bilge blowers with helm warning label

• Lighting: Navigation lights

• Safety Gear: Type II PFD jackets and Type IV throwable PFD

• Audible Signal: Electric horn

Ground Tackle & Gear

• Equipment: Anchor, fenders, and mooring lines

• Underwater Running Gear: Trim tabs and sacrificial anodes