For Sale: 2002 Grand Banks 49 Eastbay HX

The low-hour, two–stateroom 49 Eastbay HX Ptarmigan is on the market at $525,000.
Grand Banks 49 Eastbay HX
Ptarmigan, 2002 Grand Banks 49 Eastbay HX, has low-hour (1,220) Cat diesels and 30-knot speed. Asking Price: $525,000. Courtesy Alexander Marine USA

Ptarmigan, a 2002 Grand Banks 49 Eastbay HX, has entered the market at $525,000. The Grand Banks 49 Eastbay HX is known for its performance, comfort and classic style, along with a seakindly ride.

Ptarmigan is powered by twin 660 hp Caterpillar 3196TA diesel engines (1,220 hours) that are connected to bronze, five-blade propellers. Ptarmigan has a 45,000-pound displacement and quickly spools up to just over 30 knots. Cruise speed is about 25 knots. At 9 knots, range is a reported 1,200 nautical miles. 

Grand Banks 49 Eastbay HX
From the cockpit to the salon, teak is the wood of choice on board this Grand Banks 49 Eastbay HX. The helm deck is semi-enclosed. Courtesy Alexander Marine USA

Step aboard Ptarmigan’s cockpit via a transom door from the full-beam teak swim platform. Padded, aft-facing mezzanine seating allows guests to really enjoy the spacious cockpit area, which could be used for entertainment, fishing or catching some sun. Hatches on the deck lead to the engine room and a Freedom lift secures the fiberglass inflatable dinghy.

Enter the helm deck and take a seat to port on the L-shaped settee. The settee has stowage under the seats and a hi-low table for dining. A reverse- cycle heat and A/C unit system keeps the helm deck cool in the summer and warm during the cold season. A heavy-gauge polycarbonate enclosure closes off the back of the bridge deck from the cockpit. A companion bench seat and a locker for stowage is forward of the L-shaped settee. A few additional guests can be seated on a settee to starboard, which is abaft the helm. Two skylight hatches over the helm, along with side windows and a center windshield, can be opened for salty breezes.

Grand Banks 49 Eastbay HX
The yacht’s layout includes this cozy galley-down and dinette arrangement, leaving the main deck dedicated to R&R. Courtesy Alexander Marine USA

The helm has clear sightlines thanks to three large windows forward, along with sizable side windows, giving the helmsman a nearly 360-degree view. The space’s wood grain glows from the natural light that flows inside. Ptarmigan has a newly upgraded Garmin 17-inch multifunction display with chart plotter, autopilot, GPS, fishfinder, radar and remote-camera video display. The bow thruster and depth sounder can be a lifesaver when maneuvering Ptarmigan in tight spaces.

The U-shaped galley is located on the lower deck, which is down a few steps forward of the helm, on the port side and is adjacent to a dining/lounge area. Meal prep is made easy with the spacious countertops and a dual stainless-steel sink. Stow dry goods and galley accessories in cabinets above, or in cabinets and drawers below the counter. Cold goods can be stowed in the refrigerator or deep freezer. 

Grand Banks 49 Eastbay HX
This 49 Eastbay HX’s recent helm upgrades include a 17-inch Garmin multifunction display. Courtesy Alexander Marine USA

Forward of the galley and dining area is the owners’ stateroom with a teak interior and teak-and-holly sole, which is found throughout the yacht. Owners can relax on a centerline queen-sized berth. There are cedar-lined hanging lockers to starboard, and stowage drawers on the port side with opening lockers beneath. Under the berth are two additional drawers, and the top of the berth hinges upward with a stowage space underneath, creating plenty of space for extended cruising. Owners also have access to the en suite head with a shower. The guest stateroom is amidships on the port side with twin berths, a hanging locker and additional drawer stowage under the berths with two drawers forward. The guest head is located on the starboard side across from the guest stateroom.

These are some recent upgrades on Ptarmigan:

  • 2019 – Water heater was replaced
  • 2021 – replaced Freedom Lift Arms 
  • Three new hatches
  • New white boot stripe
  • 2022 – New Garmin electronics and mast was removed and refinished.
  • New refrigeration compressor
  • 2023 – Victron Inverter 3 kW
  • 2022 & 2023 – Exterior bright work with Bristol finish. 
  • Honda 40 hp 4-stroke motor professionally maintained regularly
  • Every spring engine and generator professional maintained
  • Bottom paint every 2-3 years
Grand Banks 49 Eastbay HX
There is a two-stateroom layout. The owners’ stateroom is located forward with a queen berth and the sole is teak-and-holly. Courtesy Alexander Marine USA

Alexander Marine USA stated that “Ptarmigan, a 2002 Grand Banks 49’ Eastbay HX, is a vessel capable of higher cruising speeds similar to that of a performance vessel with cruising features of a motor yacht. Ptarmigan has a wide beam which makes it a very stable ride in all sea conditions. The side decks are very wide making it easy for the first mate to handle lines during docking. Ptarmigan is also very comfortable below deck and in the pilot house.” 

Where is Ptarmigan located? The yacht is currently lying in Seattle, Washington.

Take the next step: call or text the listing agent, J.R. Yuse, (206) 679-7983, Alexander Marine USA

Quick Specifications

  • Length Overall: 49′
  • Maximum Beam: 16′
  • Max Draft: 4.33′
  • Cruising Speed: 25 knots
  • Max Speed: 30 knots
  • Hull Material: Fiberglass
  • Engine Make: Caterpillar
  • Engine Model: 3196 TA
  • Fuel Type: Diesel
  • Combined Horsepower: 1,320 hp
  • Range: 1,200 nm @ 9 knots
  • Fuel capacity: 760 Gal.
  • Freshwater Capacity: 176 Gal.