RedactedNarrative: According to a news media and Coast Guard MISLE report, a 87 ft boat took on water and lost both engines.  The two people onboard were rescued by the Coast Guard after reporting 4 ft of water in their engine room.  The vessel was considered a loss, valued at $1,264,910.  Water conditions were very rough (6 ft swells) and wind conditions were 14 knots.