RedactedNarrative: V1 was traveling north in the intercoastal waterway, Placida Harbor, at approximately 27mph. The operator noticed V1 starting to slow and sit lower in the water, which allowed water in through the scuppers. Attempts were made to bail V1, but water then started coming in over the transom. V1 began to lean to the port side, and the operator was unable to right the vessel. V1 capsized ejecting both occupants. No injuries reported.