A marine drive which mounts through a hole in the bottom surface of a boat utilizes a driveshaft housing assembly, an engine mounted to the driveshaft assembly and a lower propeller drive unit mounted to the driveshaft housing assembly. The driveshaft housing assembly which mounts the drive within the hole in the boat includes a driveshaft housing, a steering assembly constructed to rotate about a generally vertical axis within said driveshaft housing assembly to provide steering, a trimming assembly connected to the steering assembly to pivotably swing the lower propeller drive unit to provide trimming/tilting, a driveshaft and an exhaust passageway therethrough.