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Grand Banks Eastbay 47 FB (2010-)
(w/ Currently no test numbers)


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Brief Summary

Grand Banks made it OK to own a powerboat built in the Far East. The first company to market “trawlers” as yachts (actually they were rugged-looking, low-speed, long-range boats far removed from true fishing vessels), in the boat-crazy 1970s Grand Banks became the go-to vessels for sailors moving to power; long-range cruising families and liveaboards; and even everyday folks who wanted something different from the typical sedans and convertibles that inhabited American marinas. And they still are: Today the company builds modern versions of those original boats – they call them the Heritage Series – and they continue to appeal to the same kinds of folks. But not everybody wants a “trawler,” so Grand Banks also builds the Eastbay series, slick, fast, Down-East inspired yachts exactly opposite in philosophy to the original boats.

Key Features


Length Overall 47' 8''
14.52 m
Beam 15' 1''
4.58 m
Dry Weight 47,900 lbs.
21m727 kg
Tested Weight N/A
Draft 4' 2''
1.26 m
- Draft Up N/A
- Draft Down N/A
- Air Draft N/A
Deadrise/Transom N/A
Max Headroom N/A
Bridge Clearance 19' 7''
5.97 m
Weight Capacity N/A
Person Capacity N/A
Fuel Capacity 700 gal.
2,650 L
Water Capacity 206 gal.
780 L
Length on Trailer N/A
Height on Trailer N/A
Trailer Weight N/A
Total Weight
(Trailer, Boat, & Engine)

Prices, features, designs, and equipment are subject to change. Please see your local dealer or visit the builder's website for the latest information available on this boat model.

Engine Options

Std. Power 2 x 670-hp
Tested Power Currently no test numbers
Opt. Power Not Available

Grand Banks Eastbay 47 FB (2010-) Line Drawing


Captain's Report

Grand Banks Eastbay 47 FB
Excellent for short- or long-range adventures, the 47 Eastbay FB is all the cruiser most people need. With standard 670-hp diesels, the company claims a top speed above 30 knots.

So What’s a “Downeaster,” Anyway?

We don’t know who first misapplied the term “Downeaster” to boats like the 47 Eastbay FB. For our non-U.S. readers, “Down East” means the coast of Maine, so-called because the prevailing winds in the summer are out of the southwest, and sailing vessels headed to Maine from the middle Atlantic coast sailed downwind to get there. (They actually sailed northeast, or sometimes north-northeast, but “Down Northeast” didn’t sound as good.) Boats that evolved along the Maine coast, where lobster fishing was the primary industry, had flattish bottoms for speed, minimal cabins and huge cockpits for carrying vast stacks of light-but-bulky lobster pots. They bear little resemblance to the 47 Eastbay, which would not be caught dead with a load of pots in its cockpit. On the other hand, a true Downeast lobster boat would never wear a flying bridge.

Grand Banks Eastbay 47 FB
We expect most owners of the 47 FB will spend as much time as possible on the comfortable flying bridge. The Stidd helm seat is standard, but the companion is an option, as is the hardtop. We think you’ll want both.
Grand Banks Eastbay 47 FB
Access to the bridge is via this ample curved stairway, with teak treads and a sturdy handrail. The electrically operated lifting steps at its base provide entrance to the engine room, where a pair of diesels spins straight shafts. No pods on this boat, which was designed before such things existed.

Nevertheless, the Downeaster is now a certified yacht type, just like the trawler, which is really nothing like a trawler. In the Eastbay series, Grand Banks builds some of the finest Downeasters you can buy, and the 47 FB is a nice combination of size and manageability. It’s also not cheap – figure on spending around $1.4 million for yours, maybe more if you go heavy on the options. That’s a lot of lobsters, but it’s also a lot of boat: All the boat most of us will ever need, especially if we don’t cruise with a crowd.

Grand Banks Eastbay 47 FB
The twin cabin amidships can be replaced by an office with a convertible settee, a perfect arrangement for the cruising couple who carry guests only occasionally. OK, we’re hermits, but we like that option.

Cozy Cabins

We like the accommodations plan. While most builders cram as many berths as possible in their boats, the standard layout of the Eastbay 47 shows just two staterooms, a master forward and a twin amidships. Sure, the dinette in the saloon will convert to a double, as most do, but that’s for unexpected guests. This is really a four-person boat, which makes it ideal for many families; the twin berths in the guest cabin are good for kids. An alternate arrangement replaces that cabin with an office with a fold-up desk; sliding pocket doors let you open the space completely. When you need an extra berth, the office’s settee converts. There are two heads, one ensuite to the master.

Grand Banks Eastbay 47 FB
This twin-berth cabin amidships is fine for kids or adults, but if you cruise with neither it can be swapped for an office with desk and convertible settee. That would be our choice – there’s never enough room onboard for paperwork, your laptop and so forth.
Grand Banks Eastbay 47 FB
The master has a queen-sized berth with drawers under. Teak paneling and cockpit sole give it old-fashioned warmth, but there’s also a TV cabinet for modern folks. We like the pair of reading lamps, too.

Galley Slaves?

The galley is down, opposite the ‘midships cabin. This will delight some people, turn off others – we think the numbers are about equal. A “down” galley leaves more room in the maindeck saloon where folks like to relax. The 47’s saloon has an L-shaped settee with a hi/lo table and either another settee or two easy chairs opposite for lounging. Cooks will complain that the galley-down arrangement keeps them away from the rest of the gang in the saloon, but how much time does anyone spend cooking on a boat like this?

Grand Banks Eastbay 47 FB
The 47 Eastbay FB’s galley is down, leaving more room in the saloon, but it doesn’t feel like a tomb, as many do. There’s plenty of light from above, thanks to the raked windshield overhead and the opening above the cabinets. A big port admits fresh air, too.
Grand Banks Eastbay 47 FB
Keeping the galley “down” leaves room for a saloon like this one, with a comfortable helm chair, a bench seat opposite it and comfy settees port and starboard. The hi/lo teak table looks a little ponderous to us, though. Lower it and convert the settee to an extra berth. There’s lots of room for flush-mounted electronics at the helm.


The 47 Eastbay FB relies on a pair of 670-hp diesels spinning straight shafts; the company claims a top speed of over 30 knots with this power, but we can’t vouch for that, not having tested the boat ourselves. They also say the Hunt Associates modified-V hull will provide a comfortable ride at speed, and safe and sure handling. We think that’s reasonable: Ray Hunt developed the deep-V way back when, and the company that bears his name has been tweaking it ever since. But by flattening the deadrise a little to modify the V, the designers improved the 47’s low-speed performance (deep-Vs are happiest running on plane). Even with the big diesels, the Eastbay should be fairly economical to run at meandering speed. And you have the option to throttle up when you need speed, an advantage the Grand Banks “trawlers” from 40-something years ago did not have.


There’s no way we can say anything other than to look at the Grand Banks 47 Eastbay FB if you’re in the market for a boat of this type. It’s from one of the world’s most respected builders, is supported by a wide dealer network (not always the case with boats from the Far East) and should maintain its value over years, maybe decades, vs. other boats like it from lesser companies. Yes, it’ll cost more to buy, but quality doesn’t come cheap. We think if you buy this boat, you’ll like it, and will probably keep it for years. Just don’t try to carry lobster pots – it’s a Downeaster in name only.

Standard and Optional Features


Full Warranty Information on this brand coming soon!

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