The luxury yacht, a 63-foot Tecnomar for Lamborghini, began sinking off the coast of Miami Beach, leaving 32 passengers stranded. (Credit: TikTok /@___stevie___)

Rescue efforts successfully saved all 32 passengers from the sinking yacht near Flagler Monument Island. The vessel, valued at $4 million, was taking on water in Biscayne Bay.

Despite being overloaded with passengers, all rescued individuals avoided injuries and were examined by the Miami Beach Fire Department. Multiple agencies, including the U.S. Coast Guard, assisted in the operation.

The Tecnomar for Lamborghini, capable of speeds up to 63 knots, was inspired by Lamborghini's supercars. An investigation into the incident is ongoing by the Florida Fish and Wildlife Conservation Commission.

The incident coincided with the Miami Grand Prix, drawing attention to the luxury yacht's sinking near the racing event. Further updates on the investigation are pending.
Sophia Compton is a Digital Production Assistant at Fox News Digital. Sophia was previously a business reporter covering finance, energy and tourism and has experience as a TV news producer. She graduated with a journalism degree in 2021 from the University of Hawaii at Manoa.