58' Tiara Yachts 5800 Sovran
1-OWNER BANK FORECLOSURE THAT HAD A $1,050,000 MORTGAGE.
We have a gorgeous Tiara 5800 at a fantastic deal. This one has recently received numerous electronic and mechanical upgrades! The gelcoat on this Tiara still has amazing shine.
We acquired this one from the bank that held the mortgage. The mortgage was almost DOUBLE the listed price!!!! This is a rare opportunity to obtain an outstanding deal on a clean boat in a high demand market. The bank's loss will be someone else's gain.
This Sovran looks much newer than her age and is one of the nicest ones available. Notable features of this particular Tiara include:
- recent twin 24" FULL HIGH DEFINITION monitors at helm
- recent 8000 series Garmin High Definition Multi-function unit
- recent servicing of of the Volvos
- recent balancing of all propellers
In addition to the new upgrades and her overall great appearance, other notable features of this one include:
- Hydraulic tender davit hidden in aft locker
- Windlass anchor system
- DirecTV on board for all 4 televisions AND at the helm
- 2 refrigerators plus a wine cooler
This is a 1-owner Tiara that was custom ordered from the factory. The pride of ownership is evident.
The gelcoat has tremendous shine. The only real cosmetic drawback, when we acquired her, is that the headliner in the salon began sagging. We are having ALL of the salon vinyl renewed in May 2023 and it will be STUNNING, once complete. This will be the nicest looking 5800 on the market, even though it is the best deal on the market. The bank took the bath, which is why we can sell her at this price with her recent improvements.
The pod drives were reported to be updated in 2014. They run fine. If and when an upgrade is desired, it is easy to update to the latest version from Volvo. The cost of a 2023 replacement pod, with Volvo's certified exchange program, is reasonable at around $17,000 each. There is a local certified Volvo shop that provided us a quote at this amount.
She runs fabulous. Good looking Tiaras do not last long on the market. Many other 5800s have sold for significantly higher amounts.