For Sale: 2005 Grand Banks 49 Eastbay HX

The 32-knot Grand Banks 49 Eastbay HX Ostinato is on the market at $555,000.
Grand Banks 49 HX
This continuously updated Grand Banks 49 HX has timeless lines, two staterooms and 32-knot speed. Courtesy Grand Banks

Looking for a rugged, dependable classic downeast yacht capable of cruising for extended periods of time? Ostinato, a 2005 Grand Banks 49 Eastbay HX, just entered the market at $555,000. Grand Banks’ 49 Eastbay HX is known for its performance, comfort and classic style with a seakindly ride in myriad weather conditions. 

In 1993, Grand Banks launched the Eastbay series, a downeast cruiser, which is inspired by designs of classic Maine lobster/fishing vessels and turned into a modern cruising yacht. Built on a modified deep-V hull design by renowned naval architects at C. Raymond Hunt Associates, the Eastbay series offers a stable and steady ride across the performance spectrum. Grand Banks reported that the construction of the Eastbay series consists of hand-laid fiberglass laminated with special resins that resist blistering. The coring is vacuum-bagged into place to optimize strength and a system of heavy-duty fiberglass stringers are bonded to the hull for added strength and rigidity. A clear gelcoat is used on the hull below the waterline and three layers of epoxy barrier coat are on the hull bottom.

Grand Banks 49 HX
The yacht’s sizable teak cockpit has mezzanine seating. Open the enclosure to the salon to connect the indoor-outdoor spaces. Courtesy Grand Banks

Ostinato‘s half-load displacement is around 48,000 pounds, but the original owners upgraded the engines to the optional twin 700 hp Caterpillar C12 Acert diesels, which can quickly push the yacht up to 32 knots at 2,300 rpm. Throttle back to 2,000 rpm and cruise comfortably at 26 knots, increasing range. The maximum range on Ostinato is reportedly 1,200 nautical miles at a 9-knot cruising speed. Ostinato‘s owners have continually updated the yacht, and below are some maintenance and upgrades associated on it Cat diesels:

  • New steering cooler on starboard engine
  • Removed turbochargers on both engines, blueprinted & reinstalled
  • Resealed Racor filter housings
  • New aftercooler check valves
  • New port raw-water pump inlet flange O-ring
  • New exhaust risers from Marine Exhaust systems
  • New starboard engine oil filter remote steel lines with hydraulic hose
  • New heat exchanger to transmission cooler hoses
  • New fiberglass adapter T’s (replaced stainless)
  • New starboard engine hoses to hot water heater tank
  • Installed raw-water feed to propeller shaft seal crossover hose and replaced shaft seal raw-water lines
  • New port oil pressure sensor
  • Installed new (2) EMS panel stickers at helm
  • New exhaust riser support bracket on starboard engine
Grand Banks 49 HX
Rich, golden teak is the interior wood of choice for the Eastbay 49 HX. Courtesy Grand Banks

Step aboard Ostinato‘s cockpit, which is accessible via a transom door from the full-beam teak swim platform. Eastbay HX series has a semi-enclosed helm open to the cockpit area with a teak sole running from the cockpit forward to the helm. Padded, aft-facing mezzanine seating allows guests to really enjoy the spacious cockpit area, which could be used for entertainment, fishing or sunbathing. Hatches on the deck lead to the engine room and a TNT hydraulic lift is available for a dinghy. 

Enter the helm deck and take a seat to port on the L-shaped settee upholstered by A La Mer. The settee has stowage under the seats and a hi-lo table for dining. A 16,000 BTU A/C system keeps the helm deck cool. A heavy-gauge polycarbonate enclosure closes off the back of the helm deck from the cockpit and keeps the cool air inside. Forward of the L-shaped settee is a companion bench seat with a U-line ice maker underneath, footrest on the forward side and a locker for stowage. On the starboard side forward of the A/C unit, a few guests can be seated on a straight settee, which is located abaft the helm. Two skylight hatches over the helm along with side windows and a center windshield can be opened for added ventilation throughout the helm deck. 

The helm is forward of the straight settee on the starboard side. Three large windows forward, along with large side windows, gives the helmsman a nearly 360-degree view. A Garmin electronics package includes two 16-inch Garmin 7616XSVs w/GPS, chart plotter, autopilot w/Shadow Drive, GMR624XHD radar, bronze transducer,  SM Satellite Weather and AIS 600 Class B Transceiver.

Grand Banks 49 HX
The U-shaped galley is down with sizable counter space for meal prep. Courtesy Grand Banks

The 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. The galley is equipped with overhead cabinetry, glass and bottle holders, four drawers for stowage, trash bin and a stowage locker. Facing aft are four refrigerator drawers, upper locker with Sharp convection-microwave and an additional stowage locker. Corian countertops with a stainless-steel sink cover the lower teak cabinets and Princess electric range/oven with ceramic cooktop. 

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 on the starboard side, 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 large 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.

Grand Banks 49 HX
The owners’ stateroom has a queen-size berth. Courtesy Grand Banks

Listed below are upgrades and maintenance reports previous owners have performed on Ostinato:

Recent: 2022-2024

  • All Head hoses replaced new – 03/2024
  • Replaced original a/c units; (4) condensers, (5) air handlers – 10/24/2022
  • CAT Cooler Maintenance. Removed aftercoolers from both engines and sent for ultrasonic cleaning. Cleaned all mating surfaces and replaced gaskets and o-rings. Reassembled coolers, condensate drains and associated hardware. – 2/24/2023
  • Replaced (3) CO detectors 
  • New Zincs for engine, generator and exterior – 1/19/2023
  • Serviced Thruster – 1/20/2023
  • New intake strainer baskets – 1/18/2023
  • (2) New CO detectors – 12/29/2023
  • Prepped & Painted Bottom – 1/20/2023
  • Cleaned & Painted Swim Platform Supports – 1/24/2023
  • Pettit Barnacle Barrier applied on props & shafts – 1/11/2023
  • Seacocks serviced – 1/20/2022
  • Steering serviced – 1/20/2022
  • Cleaned & polished stainless-steel handrails and rubrails – 3/24/2022
  • Exterior varnish maintenance – 1/31/2022
  • Cleaned & waxed Hull – 2/28/22


  • Checked/Serviced Engines: changed oil and filters for engines and transmission, changed fuel filters, changed worn belts, changed engine impellers, coolant flushed and refilled, changed air filters, checked all hoses and fittings, cleaned engine pans and put down fresh oil sorbs – 7/26/2019
  • Checked/Serviced Generator: changed oil and filters, fuel filters, flushed coolant and replaced, checked all hoses and fittings and air filter – 7/29/2019
  • New cutlass bearings – 7/30/2019
  • New Zincs for engine, generator and exterior – 7/31/2019
  • Props reconditioned – 7/18/2019
  • Anchor Windlass serviced – 7/18/2019
  • Checked TNT platform lift fluid – 7/26/2019
  • Exterior varnish maintenance – 7/25/2019
  • Light sand teak decks, caulked as needed – 7/31/2019


  • Washed exterior, decks, hardtop and cockpit – 8/31/2018
  • Removed swim ladder and polished stainless – 7/24/2018  
  • Prepped & Painted Bottom with (3) full coats Micron Extra and paint by Interlux – 8/6/2018 
  • Prepped and painted underwater metals including running gear, props & Freedom Lift. Pettit Barnacle barrier spray applied to props, shafts & running gear. Trllux 33 applied to Freedom Lift support structure – 8/2/2018
  • Stripped and refinished exterior brightwork: toe rails, eyebrow, accent strips and name boards with Epifanes wood finish and High Gloss – 8/31/2018
  • Cleaned, waxed & buffed hull – 7/23/2018
  • New L-bracket installed for starboard exhaust support – 7/30/2018
  • 5/32″ drain holes added w/seals to stanchions – 8/7/2018

Where is Ostinato located? The yacht is currently lying in Fort Lauderdale, Floirda.

Take the next step: call or text the listing agent, Steve Fithian, (954) 383-1999, Grand Banks

Quick Specifications

  • Length Overall: 49′
  • Maximum Beam:16′
  • Max Draft: 4.33′
  • Cruising Speed: 26 knots at 2,000 RPM
  • Max Speed: 32 knots at 2,300 RPM
  • Range: 1,200 nm at 9 knots
  • Hull Material: Fiberglass
  • Engine Make: Caterpillar
  • Engine Model: C12
  • Fuel Type: Diesel
  • Combined Horsepower: 1,400hp
  • Fuel Capacity: 835 Gal.
  • Fresh Water Capacity: 176 Gal.