From news media: 
Coast Guard rescues 2 after boat sinks 

Two Daytona Beach men escaped injury Sunday when a wave picked up their small boat and sank it off Ponce de Leon Inlet, a coast guard spokesman said.

subjects both wearing life jackets, were rescued by a coast guard boat, said Petty Officer. The men had been fishing just outside the inlet. Coast Guard officials were called at 1:06 p.m. by a good Samaritan who reported he had Brisell's 15-foot vessel in tow because its engine had gone bad but could not bring them in to shore because of the rough seas.

A 47-foot coast guard boat was sent out to help but by the time they got to the boat about 500 yards off shore, subject had restarted his small vessel's engine.

"We were escorting them to shore when a wave picked it up and the boat nose-dived and threw the two people into the water," CG said. "The boat sank to the bottom of the inlet."
Ponce de Leon