RedactedNarrative: Vessel 1 was traveling in the Pensacola Bay. Vessel 1 began listing and the engine became engulfed with water. At that time the vessel sank. The 2 subjects on board were rescued by fire rescue. 
  The Yacht remained afloat, sea tow was called, and the vessel was removed from the water the following day. Sea tow did advise that water pouring in from the engine hose. But did not find any cracks or hull damage. OP1 did advise that all the electronics were inoperable.