26th Nov 2015

Pegasus 700 Review

Pegasus 700 Review

The Pegasus 700 is a family yacht with cabin-mounted mast, fibreglass hull and Bermuda rig. The boat is safe and sails smoothly offering a stable, gentle ride as well as being speedy and maneuverable. This yacht is spacious and comfortable for such a small boat, with room for a family in the cabin. A second-hand Pegasus 700 makes an ideal starter boat or a smaller yacht for someone thinking of downsizing.

Who and what was this boat designed for?

The Pegasus 700 was designed as a reliable family day-sail boat, but is also frequently used as a club racer. It is possible to sail the boat single-handed because the mast can be raised using the “A” frame. The fractional rig and shallow water depth make this yacht ideal for east coast sailing or inland waterways, particularly on the Norfolk Broads.

What commentators say about this boat

A perfect family cruiser, very roomy. Forgiving to sail and very pretty to behold.

These popular yachts have good sailing performance as well as good accommodation.

The boat is amazingly responsive, gets in the groove quickly and puts a grin on your face when either going up wind or running.

The Pegasus 700 is an efficient boat that a family can be comfortable in due to its ride and the amount of space in the interior, even though it is a small boat.

Model variations

The boats were designed by Gordon V. Harris, with early models built from 1977 to the early 1990s by Rydgeway Marine. Later models were built by Pegasus Yachts at Oulton Broad.

  • The majority were fitted with twin bilge keels. Some were deep fin keel yachts and a number had shallower wing keels. There were also lifting keel versions and centreplate versions.
  • The masthead version had a deck- stepped mast set fairly far back from the bow, with a large furling Genoa and high-aspect Bermudan mainsail with a very short boom.
  • The fractional-rigged version had the mast stepped further forward, and a mainsail with a longer boom.
  • The optional Gunter-rigged version had the mast more forward and the mainsail had a long boom.


  • Length overall: 23ft 4in (7.11m)
  • Beam overall: 8ft 2in (2.49m)
  • Displacement: 1.43 tons (1299kg)
  • Draft Twin and Fin: 3ft 1in (0.94m)
  • Draft Shallow Wing: 2ft 10in (0.86m)
  • Engine: 6-8HP 4-stroke outboard or Volvo MB2A 7.5 HP petrol 2 cylinder inboard engines with out-drive prop units

What’s great about the Pegasus 700

  • Spacious family accommodation in a small boat.
  • Stable, speedy and maneuverable.
  • Lightweight boat that can be towed behind a family car.
  • Comprehensive set of sails giving good sailing performance.
  • Versatile boat for inland waterways, coastal cruising or club racing.

What to look out for on a pre-owned Pegasus 700

Engineers report few problems with this boat. If you have owned a Pegasus 700 and would like to share information on some things to watch out for and potential faults that might occur on this boat from time to time, please get in touch.

Keeping your Pegasus 700 in shape

When buying a used Pegasus 700, regular scheduled servicing and attention to some minor points will keep your craft in top condition.

Regular servicing

Carry out regular engine and drive servicing in line with the manufacturer’s recommended intervals.


We don't currently have any specific maintenance information for the Pegasus 700

If you have ever owned or worked on a Pegasus 700 and would like to share your thoughts, then get in touch and we'll add your information to the page.

Laying up

We don't currently have any specific information on laying up the Pegasus 700.

If you have ever owned or worked on a Pegasus 700 and would like to share your thoughts, then get in touch and we'll add your information to the page.

Model-specific repairs

The Pegasus 700 is not known for needing specific repairs more frequently than other boats.

Why buy a pre-owned Pegasus 700?

The Pegasus 700 sails very well, offers good family accommodation below deck, and is stable and safe. It makes great second-hand buy for a small family yacht.

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