I looked at a boat a couple of years ago with a very similar ad. It said it had never seen the water, new paint, bare hull, ready for you to rig....$3K.
It turned out that the boat had been stripped, all holes were filled in and the boat was completely repainted. It had just not seen the water on the new paint job.
The way the above ad reads, it sounds kind of like the same deal just because of the new paint thing.
