1991, 120 Motor Yacht

1991 MEFASA 120 Motor Yacht "Corona Del Mar" Price Reduction – August 2026 Originally commissioned as the private yacht for the King of Spain, the 120' MEFASA Motor Yacht "Corona Del Mar" represents a rare opportunity to acquire a pedigree superyacht with exceptional performance and timeless styling at a fraction of her replacement cost. Built in 1991 by the renowned MEFASA Shipyard and featuring an exterior design by acclaimed naval architect Don Shead, Corona Del Mar was engineered to combine luxurious accommodations with remarkable speed. Constructed entirely of aluminum with a semi-displacement hull, she remains an impressive yacht whose sleek profile and performance continue to stand out today. Designed to comfortably accommodate up to ten guests in four spacious staterooms, along with accommodations for a crew of seven, she offers the volume and layout expected of a much larger modern yacht. Whether envisioned as a private family yacht or a world-class restoration project, Corona Del Mar provides an outstanding platform with exceptional pedigree. Powered by twin MTU 16V538 TB93 diesel engines driving high-performance jet drives, she cruises comfortably at approximately 19 knots and is capable of speeds approaching 38 knots, with a cruising range of approximately 1,000 nautical miles. The engines have accumulated approximately 3,500 total hours, with less than 1,500 hours since their W-6 major service completed in 2004. Corona Del Mar has been stored ashore for approximately two years and will require recommissioning before returning to service. New batteries will be required, and the vessel's systems should be thoroughly inspected and commissioned prior to delivery. As expected, cosmetic updates and deferred maintenance should also be anticipated, presenting an excellent opportunity for her next owner to modernize and customize the yacht to their own standards. With her distinguished history, proven aluminum construction, celebrated Don Shead design, and dramatically reduced asking price, Corona Del Mar represents one of the most compelling restoration opportunities currently available in the large yacht market. Highlights Originally Built as the Private Yacht of the King of Spain 120' Aluminum Semi-Displacement Motor Yacht Designed by Don Shead Yacht Design Twin MTU 16V538 TB93 Diesel Engines High-Performance Jet Drive Propulsion Approximately 3,500 Total Engine Hours Less Than 1,500 Hours Since W-6 Major Service Cruises Approximately 19 Knots Maximum Speed Approximately 38 Knots Approximate Range of 1,000 Nautical Miles Accommodations for 10 Guests in 4 Staterooms Crew Accommodations for 7 Aluminum Hull & Superstructure Major Price Reduction Outstanding Restoration & Refit Opportunity