Pennywise | Wellington 44' 1981

New Smyrna Beach, FL

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Stephen Reverand

Stephen Reverand came aboard David Walters Yachts with a lifelong love of boats and more than three decades of offshore and inland sailing experience. As a teenager, he restored a cedar-planked Barnegat Bay sneakbox and sailed local lakes in the New York area. As a young professional, he upgraded to a classic 35-foot yawl and sailed from New York Harbor, east on Long Island Sound to Block Island, R.I., still one of his favorite ports of call. Later he raised his family on the Chesapeake Bay catching bushels of blue crabs from his 22-foot center-console runabout. Most recently, Reverand cruised his 42-foot Tartan staysail sloop Zephyr over 10,000 nautical miles from the Chesapeake to New England to the Bahamas and back following the fair winds for more than four years.

Before transitioning to cruising sailor and yacht broker, Reverand enjoyed a colorful career in the media. He served as a foreign correspondent for NBC News, spending six years in Asia. When he returned stateside, he joined the Discovery Channel where he oversaw the hit adventure series Deadliest Catch and received a Peabody Award for his work as executive producer on the documentary Black Sky: The Race for Space. Later, Reverand joined National Geographic as the head of nature films and specials production filming in many of the most exotic destinations around the globe.

In keeping with his love of boats, Reverand also created, produced and directed the PBS television series Boatworks and wrote the long-running boating humor column Deviant Readings for BoatUS Magazine.


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Basic Info

Yacht Name: Pennywise
Builder: Wellington
Model: Cutter/Ketch
Year: 1981
Location: New Smyrna Beach, FL
Hull Material: Fiberglass

PENNYWISE, like all Wellingtons, is an exceptionally well constructed blue water cruising boat. With stunning Honduras mahogany joinery below deck, her accommodations are warm and welcoming while her raised salon bathes the interior in natural light. With a newly rebuilt 77 HP Yanmar diesel engine, she easily cruises at 7 knots under power and with a powerful ketch rig she is also remarkably fast under sail. The perfect live aboard and/or long range cruiser, PENNYWISE is now in Fort Lauderdale and seriously for sale.


  • Built in the U.S.  to rigorous Bill Wellington specifications.
  • Rebuilt 77 HP Yanmar diesel in walk-in full-size engine room.
  • Oversized private master stateroom aft with ensuite head.
  • Roomy main salon and galley layout that is perfect for entertaining.
  • Shoal draft with centerboard for easy island cruising. 4'3" with board up.
  • More than enough storage space to provision for long-range  cruising.
  • Bottom renewed and painted in 2017



Length: 44'
Beam: 13' 5
Draft: 4' 3
Water Tank Capacity: 175 Gallons
Fuel Tank Capacity: 175 Gallons
Engine Manufacturer: Yanmar
Engine Model: 2015 4JHDTE- Deluxe Turbo
Power: 77hp
Number of Engines: 1
Fuel Type: Diesel
Engine Hours: 250 Hours


PENNYWISE has an exceptionally comfortable and roomy 2-cabin 2-head layout. Stepping into the main cabin from the companionway her well-equipped U-shaped galley is to port with built in refrigeration and freezer to starboard. Her roomy salon can easily seat six around a lovely teak drop-leaf dinette table - which can be removed to create a third double berth. Above the settee to starboard is a 32" flat screen television. Moving forward is the guest head with separate shower to port and the generous vee-berth.

The oversized master stateroom with a full-sized queen centerline berth is aft with a private ensuite head.  The head also serves as passage to the walk-in engine room with full access and headroom.

PENNYWISE cabins are cooled by a dual A/C system with a 16.5 BTU unit in the main salon and a 12K BTU unit in the master stateroom.



The galley is equipped with propane 3-burner stove with oven to port.There is a double stainless steel sink surrounded by plenty of counter space and storage. The separate refrigerator and freezer are to starboard and are cooled by Adler Barbour 110V cold plates that easily last for 3 days before recharging.


Sails & Rigging

PENNYWISE is a cutter/ketch rig. Her mainsail is equipped with in-mast furling. Her headsail include a roller furling yankee, a retractable inner forestay and a hank-on staysail.

The mizzen is a standard slide-on sail. There is also a mizzen staysail for excellent performance downwind. 


Ground Tackle

PENNYWISE carries a 80 LB Bruce anchor with 300 feet of galvanized chain and an electric windlass. Her second anchor is a stainless CQR with a nylon rode.



The present owner re-powered PENNYWISE is 2015 with a rebuilt 77 HP Yanmar 4JHDTE Deluxe Turbo in 2015 which has fewer than 250 hours of usage.

Also in the walk-in engine room is a Lister Petter 6.5 KW diesel powered generator.


Electronics & Navigation

  • Raymarine 700 series GPS/Plotter/Radar combo
  • Depthsounder



  • 2012 West Marine 10 ft. RHIB
  • 6 HP Mercury 4-stroke outboard
  • Davits