RedactedNarrative: Vessel 01 (V1) was at anchor (attached to bow) while recreationally fishing in the Ponce de leon Inlet. V1 Operator stated that he began to pull the anchor. The anchor dislodged and V1 began to drift out of the Inlet with the rapid outgoing current.
  
   V1 Operator then recognized that the anchor line was wrapped around V1's outboard motor. V1 Operator attempted to unravel the line from around the motor and lifted the motor out of the water to do so. At this time V1 had drifted approximately 100 yards east of the Ponce Inlet Jetty. During V1 Operators attempt to unravel the line from the motor the anchor reset. As a result the anchor line became taught, pulling the transom of V1 down below the waterline. 
  
   V1 took on a large amount of water very rapidly before capsizing. V1 Operator and two occupants were rescued from the water by a passing by vessel.
  
   Upon this Investigator's arrival V1 was capsized approximately two miles off shore. V1 Operator did make arrangements for a tow boat company to recover V1.
  