1998 Lancair IV-P for sale

1998 Lancair IV-P

Experimental / Homebuilt

FOR SALE
$335,000
Location Houston, TX
Total Time 1,505 hrs
Engine SMOH 950 hrs
Seats 2
Serial # LIV 322
Reg # N404YG
Cruise 220 kts (407 km/h)
✓ Clean NTSB ✓ Verified recently

Aircraft Details

Seller reported

Avionics & Equipment

IFR

Garmin G3X suite GMA 245 Audio panel G5 standy GTX 330 transponder and much more. needs nothing here.

Description

*** price reduced*** *** purchased another aircraft and its time to move on*** *** Condition inspection is being performed right now will be signed off after purchase with a fresh annual. Invoice available upon request of everything that is being done during the inspection. Logs available upon request as well. Lancair IVP in perfect condition with 2023 Paint and interior and windshield replacement in a 10/10 shape. Mid time engine with approximately 900 since full overhaul and approximately 500 hours since full top OH and recently overhauled turbos, waste gate, and prop. This plane has been worked on extensively and has cero squawks at the moment. Yes you can find cheaper Lancairs out there, but you will spend a lot of time and money troubleshooting it. Don't make my mistake. Reason for selling is upgraded to a turbo prop. Needed more space, the family is growing. All the upgrades have been installed on this plane. Rissi Racing front strut and latest linkage, It has overkill Aeroleds lights making night operations a as clear as day, high friction brakes allowing you to land on 2000ft runways (just, 3000 ft preferred), and ice cold AC with belly scoop, making summer operations nice and fresh even on the ground right after startup. Cruise at 250 kts, in pressurized comfort in the high teens low 20's above most of the weather while sipping a mere 16 GPH. Insurance will be expensive for your first 50-100 hours. I was quoted $35k. Most folks self insure this portion of their ownership. After that I have been paying $8500 x year on full hull and liability insurance. For an insurance quote, don't use your regular broker as is very few companies that cary policies for LNC4's. Please contact Joe Ryan at: ‭+1 ‬ for any insurance information. For any questions about the plane please text me or call me or For more questions, you can contact Chris Rust - Experienced Lancair Pilot and Broker at - ‭‬ Check out a video walk around!

Engine

Engine running smooth with history of oil analysis for over 200 hrs. less than 100 hours on turbos, prop and waste gate.

Interior

2024 interior in 10/10 shape. All leather with diamond stitching. Rossen sun visors, and suede dash cover.

Exterior

and interior and windshield replacement in a 10/10 shape

Inspection

fresh annual

Description and equipment details provided by the seller. AeroGurus does not verify seller-provided information.

Price Comparison 1 active offer

Source Price Action
Gustavo Yacaman
trade-a-plane.com
$335,000

Estimate Monthly Payment

Lancair IV-P loan calculator

AeroGurus

AeroGurus Data & Analysis

Independent data from FAA, NTSB, and market analysis

About This Lancair IV-P

This 1998 Lancair IV-P (N404YG) is a 2-seat experimental / homebuilt with 1,505 hours on the airframe. There are currently 14 IV-P aircraft listed for sale . This aircraft is listed at the market average at $335,000.

The IV-P cruises at 220 kts (407 km/h) with a range of 1,347 nm (2,495 km) — suitable for regional and medium-distance travel.

Operating costs: Fuel burn is 16 GPH (61 L/h), which at current Jet-A prices (~$5.50/gal) means approximately $88/hr in fuel alone. Total variable cost including maintenance reserves is approximately $180/hr. Annual fixed costs (hangar, insurance, crew, annual inspection) average $20,000. With 1,505 hours on the airframe, this aircraft has 495 hours remaining to engine TBO .

NTSB records show 0 incidents for this airframe — a clean safety record.

Pre-Purchase Checklist

Safety record: 0 NTSB incidents
Airframe: 1,505 hours — verify engine time vs TBO (2,000 hrs)
Budget $240 for pre-purchase inspection

Lancair IV-P — Model Specs

Model specification

Standard specs for this model. Actual aircraft may differ.

Seats
2
Cruise Speed
220 kts (407 km/h)
Range
1,347 nm (2,495 km)
Fuel Burn
16 GPH (61 L/h)
TBO
2,000 hrs

Estimated Cost of Ownership

AeroGurus estimate

LANCAIR IV-P

Fuel Burn
16.0 GPH
~$104/hr
Variable Cost
$180/hr
fuel + mx + reserves
Annual Fixed
$20,000/yr
hangar + insurance + annual
Engine Overhaul
$35,000
every 2,000 hrs

AeroGurus estimates based on industry averages for the LANCAIR IV-P. Actual costs vary by location, usage, maintenance history, and configuration. Not a financial quote.

Ownership & Registration

FAA registration data pending for N404YG.

Location & Ownership

FAA records

Aircraft Location

Houston, TX

Seller reported 858 more aircraft in TX →

Title Status

No FAA title records

Available for US-registered aircraft only

Source: FAA Aircraft Registry, FAA Civil Aviation Registry (DocIndex). Title data may be delayed. Always verify with an aviation attorney before purchase.

Safety Record

NTSB safety data coming soon.

We'll check N404YG against the NTSB accident database.

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Prices and listings updated daily · Data: FAA Registry, NTSB · About our data
Disclaimer: All prices, cost estimates, and market values shown are based on asking prices from third-party sources and are provided for informational purposes only. AeroGurus is not an appraiser, broker, or financial advisor. Always obtain a professional appraisal and independent inspection before making a purchase decision. Actual transaction prices may differ from asking prices.