Ditto. 3940 is the ultimate Playmo ship.
Well, 3940 has definitely got the look, but you can't really make it float since it capsizes too easily ; and it's a real pity when you got one and a pool.

As for me, I like the sloop series (there's many of them : white 3740 - my favourite - grey 3860, brown 3174, and so on...). They're really cute, big enough for a kid to play well, and... float nicely. And you still can find many versions of this sloop, new or used, on internet for not too much money.