neptune 24 sailboat for sale

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1979 Capital Yachts Neptune 24

• Description

Seller's Description

A Vessel of adventure, not to be overlooked. The Neptune 24 is a brilliantly balanced boat with a mind of its own and a soul without age. Bought it after it had been on the hard for 2 seasons and revived it with new anti-fouling paint and fresh-looking orange hull paint. It comes with a 9.8hp outboard Mercury 2 stroke engine to bring you out to the wind. Shoal draft is extremely convenient especially sailing between islands or closer to coasts. Both Sails are iron stiff, they have been looked after these past years very closely and have plenty of miles ahead of them. Standing rigging replaced: upper / lower shrouds and side stays.

All incandescent lighting removed from the boat and a controller/app controlled LED lighting system has been installed, running off of the 12v system on the boat. 20w solar panel included.

Length: 24’ Beam: 8’ Draft: 2’ ( raised centerboard) 3.5’ (lowered centerboard) Year: 1978 Type: Cruiser

Hull Type: Fiberglass monohull - Shoal Keel w/centerboard Rigging Type: Masthead Sloop LOA: 24.00 ft / 7.32 m LWL: 21.00 ft / 6.40 m Beam: 7.98 ft / 2.43 m S.A. (reported): 250.00 ft2 / 23.23m2 Draft (max): 3.50 ft / 1.07 m Draft (min): 2.00 ft / 0.61 m Displacement: 3,200 lb / 1,451 kg Ballast: 1,200 lb / 544 kg S.A./Disp.: 18.47 Bal./Disp.: 37.50 Disp./Len.: 154.26 Construction: FG First Built: 1978 Builder: Capital Yachts Inc. (USA) Designer: Capital Yachts Inc. Engine: 1 x Mercury 9.8 outboard Location: Pointe Claire, Quebec, Canada Trailer: 30 trailer with 2 hitch attachment. (incl.) Asking: $7,500

Rig and Sails

Auxilary power, accomodations, calculations.

The theoretical maximum speed that a displacement hull can move efficiently through the water is determined by it's waterline length and displacement. It may be unable to reach this speed if the boat is underpowered or heavily loaded, though it may exceed this speed given enough power. Read more.

Classic hull speed formula:

Hull Speed = 1.34 x √LWL

Max Speed/Length ratio = 8.26 ÷ Displacement/Length ratio .311 Hull Speed = Max Speed/Length ratio x √LWL

Sail Area / Displacement Ratio

A measure of the power of the sails relative to the weight of the boat. The higher the number, the higher the performance, but the harder the boat will be to handle. This ratio is a "non-dimensional" value that facilitates comparisons between boats of different types and sizes. Read more.

SA/D = SA ÷ (D ÷ 64) 2/3

• SA : Sail area in square feet, derived by adding the mainsail area to 100% of the foretriangle area (the lateral area above the deck between the mast and the forestay).
• D : Displacement in pounds.

Ballast / Displacement Ratio

A measure of the stability of a boat's hull that suggests how well a monohull will stand up to its sails. The ballast displacement ratio indicates how much of the weight of a boat is placed for maximum stability against capsizing and is an indicator of stiffness and resistance to capsize.

Ballast / Displacement * 100

Displacement / Length Ratio

A measure of the weight of the boat relative to it's length at the waterline. The higher a boat’s D/L ratio, the more easily it will carry a load and the more comfortable its motion will be. The lower a boat's ratio is, the less power it takes to drive the boat to its nominal hull speed or beyond. Read more.

D/L = (D ÷ 2240) ÷ (0.01 x LWL)³

• D: Displacement of the boat in pounds.
• LWL: Waterline length in feet

Comfort Ratio

This ratio assess how quickly and abruptly a boat’s hull reacts to waves in a significant seaway, these being the elements of a boat’s motion most likely to cause seasickness. Read more.

Comfort ratio = D ÷ (.65 x (.7 LWL + .3 LOA) x Beam 1.33 )

• D: Displacement of the boat in pounds
• LOA: Length overall in feet
• Beam: Width of boat at the widest point in feet

Capsize Screening Formula

This formula attempts to indicate whether a given boat might be too wide and light to readily right itself after being overturned in extreme conditions. Read more.

CSV = Beam ÷ ³√(D / 64)

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Billionaire Larry Ellison, among world’s richest people, has bought a Florida resort

Ellison is said to have paid millions for the oceanfront resort. the oracle software mogul also bought the biggest residential estate in manalapan and owns most of a hawaiian island, his primary home..

Billionaire Larry Ellison, who in April 2024 was ranked by Forbes as the world’s fifth richest person, a few months later paid at least $277.34 million for the Eau Palm Beach Resort & Spa in Manalapan, the wealthy Florida town south of Palm Beach , according to the deed recorded Aug. 13 and statement released by the resort.

The price Ellison paid for the oceanfront hotel was undisclosed when the resort announced the sale on Aug. 8.

Ellison, who co-founded software mammoth Oracle, was already familiar with Manalapan. In June 2022, he dropped $173 million of his fortune to buy an ocean-to-lake compound in the same town. That transaction was the largest residential sale ever in Florida. 

So who is Larry Ellison? Here’s a quick look at the billionaire.

How rich is Larry Ellison?

On Aug. 8, 2024, the day the Eau Palm Beach Resort & Spa announced the sale to Ellison, Forbes estimated the 79-year-old’s net worth at $159.7 billion.  The next day, Forbes' real-time ranking increased his wealth to $162.9 billion.

How did Larry Ellison get his fortune?

Ellison co-founded Oracle Corp. with two partners in Santa Clara, California, in 1977. Today, the software powerhouse bills itself as the world’s largest database-management company. Ellison spent 37 years as CEO and still holds the titles of chairman and chief technology officer at the company. His ownership stake in the company is reportedly 42 percent.

In April 2024, Ellison announced he was moving Oracle’s headquarters from Austin, Texas, to Nashville, Tennessee.

In a June 2024 earnings call, one of Ellison's focuses was Oracle’s construction of data centers to accommodate the increasing demand for generative artificial intelligence. “We are literally building the smallest, most portable, most affordable cloud data centers all the way up to 200-megawatt data centers, ideal for training very large language models and keeping them up-to-date,” Ellison said during the call.

What about Larry Ellison’s Tesla ties?

Among Ellison’s most well-publicized stock purchases, he invested heavily in his billionaire friend Elon Musk’s Tesla and joined the company’s board in 2018. Ellison stepped off the board in August 2022 but still owns about 15 million shares in the electric carmaker, according to Forbes.

Did Larry Ellison go to college?

Yes, but he didn’t graduate. He dropped out of the University of Chicago and the University of Illinois, Urbana-Champaign, according to Bloomberg and other published reports.

Where’s Larry Ellison from and where does he live? 

A native New Yorker from The Bronx, Ellison has lived in the Chicago area and California. But he has said his primary home is on the island of Lanai in Hawaii . He reportedly paid $300 million for almost all of that island 10 years ago. He has also bought homes in Newport, Rhode Island; and California. He has been divorced four times.

What about Larry Ellison’s property in Palm Beach County, Florida? 

Ellison's ownership entity bought his Manalapan estate — and part of nearby Bird Island in the Intracoastal Waterway — in June 2022 from a trust controlled by a fellow software billionaire, Jim Clark. In all, the estate and its island measure more than 22 acres. 

The property straddles both sides of South Ocean Boulevard, with a tunnel beneath the roadway connecting the larger oceanfront parcel with the one that fronts the Intracoastal Waterway.

The residential purchase in Manalapan followed another one in Palm Beach County. In April 2021, a company linked to Ellison is paid a recorded $80 million for an oceanfront estate on 6½ acres in the Seminole Landing community  near North Palm Beach. That estate is about 27 miles away from the property Manalapan estate.

What are Larry Ellison’s plans for the resort hotel he bought in Florida?

Ellison plans to make improvements to the Eau Palm Beach Resort & Spa, according to the August 2024 statement announcing his purchase . But the statement did not provide any specifics.

One of several hospitality properties in Ellison's real estate portfolio, the 8-acre Palm resort and hotel at 100 S. Ocean Blvd. features seaside swimming pools, a 42,000-square-foot spa, 32,000 square feet of meeting space and several restaurants. Eau Palm Beach has consistently earned high ratings from travel magazines and hospitality organizations.

Ellison bought the Mediterranean-style, 300-plus room resort from the London-based Lewis Trust Group, which had owned the property since 2003. When the Lewis family bought the resort, it was a Ritz Carlton branded property but that relationship ended in 2013.

In addition to co-founding Oracle, Ellison has been involved in a variety of luxury hospitality ventures. His portfolio includes the Four Seasons Resort Lanai, Sensei Lanai, Nobu Ryokan Malibu, Nobu Hotel Palo Alto, the Hyatt Regency Lake Tahoe, and Sensei Porcupine Creek. 

More: Billionaire Larry Ellison buys Florida resort. Here's a look at his other hotels

What about Larry Ellison’s politics?

On May 20, 2022, The Washington Post and other outlets reported that Ellison, who has supported conservative Republican causes, took part in a call on Nov. 14, 2020, with Sen. Lindsey Graham (R-S.C.) and others “that focused on strategies for contesting the legitimacy of the vote” in the Nov. 3, 2020, presidential elections won by President Joe Biden against former President Donald Trump. The Post cited court documents and “a participant” as sources. The call, the Post reported, is “the first known example of a technology industry titan joining powerful figures in conservative politics, media and law to strategize about Trump’s post-loss options.” Others on the call included Fox News host Sean Hannity, Trump attorney Jay Sekulow and attorney James Bopp Jr., who represented True the Vote, a nonprofit group that that has “promoted disputed claims of widespread voter fraud,” according to the Post. Ellison and Oracle did not respond to the Post for a request for comment, the Post reported at the time.

But as of mid-April 2024, Ellison had not made single donation to Trump's 2024 campaign, CNBC reported.

What does Larry Ellison like to do in his spare time?

He races sailboats, flies planes, and plays tennis and guitar, according to a brief biographical sketch on the Oracle website. He also has owned number of yachts, including Musashi, a 2011 Feadship superyacht measuring 288 feet in length and accommodating 18 passengers. 

What are Larry Ellison's charitable efforts?

Among his philanthropic initiatives, he gave $200 million to fund cancer-treatment research at the University of Southern California in 2016. The Lawrence J. Ellison Institute for Transformative Medicine in Los Angles is named for him.

This story was updated from a previous version.

Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly “Beyond the Hedges” column. He welcomes tips about real estate news on the island. Email [email protected], call 561-820-3831 or tweet @PBDN_Hofheinz. Subscribe today to support our journalism.

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