€3M price drop on FNM schooner Elena

A €3,005,000 price drop has been announced on the 55-metre schooner Elena, listed for sale by Ben Bartlett at Y.CO.

Constructed in aluminium by Italian yard Factoria Naval de Marin, Elena was based on original 1910 drawings by designer Nathanael G. Herreshoff and was delivered in 2009.

The yacht is a replica of the racing schooner of the same name that took part in the 1928 King’s Cup trans-atlantic race. During the competition, the original Elena sailed from New York to Santander in record-breaking time.

This sailing yacht for sale boasts accommodation for up to eight guests in four staterooms, with a captain’s cabin that can be used as an additional cabin for two more guests. The large master cabin sports a desk and comfortable seating, while the remaining cabins all have private controlled air conditioning and ample storage space.

Elena sports an interior, by Steve McLaren, reminiscent of a period country home, while maintaining modern comforts including Wi-Fi and televisions. Her traditional main saloon hosts twin sofas and homely bookshelves, with natural light flowing through numerous portholes.

Moving outside, the yacht’s expansive deck space is perfect for socialising both fore and aft and al fresco dining opportunities amidships. In 2012, she was fitted with a new boom, sail plan and bowsprit based on the original 1910 sail plan.

Under power, the yacht for sale has a top speed of 13 knots and a cruising speed of 11 knots. The broker said: "Fresh from a shipyard period, Elena is ready to go ahead of this summer’s regatta season and, at her new price, is an undeniably unique opportunity. The yacht also has proven success as a charter operation with many very high-profile, repeat charter clients on both sides of the Atlantic."

Elena is lying in Palma de Mallorca, Spain, and now asking €8,995,000.