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️ Luxury, Legacy, and Limitless Possibilities: A Classic Burger Yacht Awaits

November 28, 2025 by Leilani Wales

An AGL Yachts Exclusive: Meet the magnificent Panacea IV

Step aboard a true icon of American craftsmanship—the 1984 Burger 86′ Raised Pilothouse Motor Yacht. With an aluminum hull that speaks to enduring quality and elegant lines that will simply never go out of style, this magnificent vessel, known as Panacea IV, is more than a yacht; it’s a testament to a golden era of yacht building and a gateway to your next adventure.

Currently berthed in sunny San Diego, California, USA, Panacea IV is ready for her next chapter. If you’ve been searching for a pedigree yacht that blends classic charm with modern practicality, look no further.

AGL Yacht Sales invite you to see this classic 1984 Burger
AGL Yacht Sales invite you to see this classic 1984 Burger

✨ Timeless Style, Modern Appeal

 

Built by the renowned BURGER BOAT COMPANY in 1984, this 86-foot Raised Pilothouse model offers an unparalleled combination of stature, comfort, and opportunity. From the moment you step onto the full walk-around side decks, you’ll appreciate the thoughtful design that makes her ideal for either an owner-operator or a seasoned yachtsman looking to entertain and explore.

Inside, you’ll find a spacious and inviting atmosphere. The Salon is truly grand, featuring classic teak finishes, panoramic views, an impressive 50″ LG Flatscreen TV, two comfortable blue sofas, and elegant tan curtains.

⚓ Ready for the Water

 

Panacea IV is more than just beautiful—she’s mechanically sound and ready to cruise today. She is powered by a pair of reliable Detroit Diesel 12V71TA Inboard Diesel engines, each with approximately 2,295 hours, providing a comfortable Cruising Speed of 8 Knots and a Max Speed of 13 Knots.

Key Specifications:

Feature Detail
Length 86′
Beam 19′ 3″ (5.87m)
Cabins 3 Staterooms + Crew Quarters
Engines 2 x Detroit Diesel 12V71TA
Location San Diego, CA, USA
Asking Price $250,000 USD (Recently Reduced!)

Opportunity and Flexibility

 

What truly sets Panacea IV apart is the incredible flexibility and opportunity the current owner is offering:

  • Potential Tax Advantages: The vessel is held in a Transferable LLC.

  • Creative Offers Welcome: The seller is open to a trade for a luxury motorhome (Tiffin, Newmar, etc.) or real estate.

  • Southern California Slip: There is a Possible transferable slip—a significant advantage in this market.

Whether you’re looking for a serious coastal cruiser, a stunning platform for entertaining guests on the expansive flybridge and aft deck (complete with patio furniture), or a luxurious liveaboard home, this Burger Motor Yacht delivers.


A vessel of this pedigree, with an aluminum hull, and this level of owner flexibility, rarely comes to market. She is well cared for, features fully equipped electronics, classic with modern interior touches, and mechanical improvements throughout.

Panacea IV is shown by appointment only.

**Call AGL Yachts today to schedule your private tour or a live video walk-through! Don’t miss the chance to make this American classic your own. **


Filed Under: Blog Tagged With: 1984 Burger, AGL Yachts, boat in LLC, boat tax, California, Leilani Wales, LLC purchase, San Diego, San Diego Yacht Broker, San Diego Yact Broker

To LLC or Not to LLC, That is the Question

February 2, 2022 by Mike Wales

Saliboat-1As a maritime attorney, I frequently get asked by a purchaser of a recreational vessel whether they should take ownership of their new boat in their personal name or form an LLC to own the boat.  Here are the pros and cons of LLC ownership of the vessel.

Ownership of the New Vessel by an LLC – Pros

  1. LLCs Can Add an Extra Layer of Liability Protection

Boating can be a dangerous activity.  Every year people drown, are injured in propeller strikes, are overcome by exhaust, or are injured in other ways. Lawsuits and damages for these types of injuries and/ or deaths could easily exceed the coverage provided by your marine liability policy and expose your personal assets. An LLC can add an extra layer of liability protection should someone on your vessel be injured or should your vessel cause injury to someone else.  IF the LLC is the owner of the vessel than creditors of the LLC can only reach what assets are in the LLC or may be limited to a charging order against the LLC’s income, protecting your personal assts.

On the other hand, an extra layer of liability protection can also be obtained by way of purchasing an excess policy that would drop done for coverage once your marine liability policy is exhausted.  If you go this route, be sure that the excess policy will be excess to the marine policy.

In California, every LLC, wherever organized, is deemed to be “doing business” in California, if the LLC owns an asset based in California with a value of $50,000 or more.  Thus, even your Delaware LLLC must pay the annual minimum franchise tax of $800 to the California franchise Tax Board every year.  So, when it comes to weighing the costs of an extra layer of liability protection balance this $800 annual cost versus the cost of the excess policy.

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Filed Under: Blog Tagged With: boat in LLC, boat tax, LLC purchase, LLC use tax, sales tax deduction

California Property Tax on Vessels

August 3, 2021 by Mike Wales

Oceanis 51 SailboatI often receive calls from clients confused as to the applicability of county property taxes on vessels.  Confusion occurs over the tax period, due dates, differing tax rates by city and county, etc.  Please allow this post to answer the most common questions I receive.

What is this Unsecured Property Tax Bill I Just Received?

Each County Assessor imposes an “unsecured” property tax of approximately 1.1%, depending on taxing jurisdiction, on all vessels in California. Vessels are valued at their fair market value each and every year as of the January 1 lien date.  The tax is due for the upcoming fiscal year. Each County’s fiscal tax year begins July 1 and runs through June 30 of the following year.  The owner of the vessel as of January 1 is the responsible party for the tax for the entire upcoming fiscal year.

An unsecured property tax is an ad-valorem (value based) property tax that is the liability of the person or entity assessed for the tax for the entire upcoming fiscal year. Because the tax is not secured by real property, such as land, the tax is called “unsecured.”

Only boats owned and held in inventory for sale by a licensed dealer are exempt from property taxes.

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Filed Under: Blog Tagged With: boat property tax, boat tax, property tax, vessel property tax, vessel tax

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