Thirty-two passengers were rescued Saturday evening after a multimillion-dollar luxury yacht started sinking off the coast of Miami Beach.

The luxurious yacht, a 63-foot Tecnomar for Lamborghini with a staggering price tag of $4 million, began taking on water near Miami’s popular Flagler Monument Island in Biscayne Bay.

Multiple agencies, including the U.S. Coast Guard, responded to the scene to help the stranded passengers. 

Thankfully, all 32 individuals aboard were safely rescued without any injuries. Following their rescue, they were evaluated by the Miami Beach Fire Department, a representative from the Miami Beach Police Department informed Fox News Digital via email.

Weighing 24 tons, the exclusive Tecnomar for Lamborghini is a collaboration between Lamborghini and The Italian Sea Group. This opulent yacht is capable of reaching speeds up to 63 knots, equivalent to approximately 72 miles per hour. It takes its design cues from the renowned Lamborghini super sports cars, as detailed on the Tecnomar Yachts website.

The Tecnomar for Lamborghini, created by Lamborghini and The Italian Sea Group, weighs in at 24 tons and can reach a speed of 63 knots, or around 72 miles per hour. (X / U.S. Coast Guard Southeast)

The incident comes in the midst of Formula One’s Miami Grand Prix, taking place this weekend from May 2 to May 4 at the Miami International Autodrome. In 2024, the event attracted more than 275,000 in-person fans across the weekend, according to the Formula One website.

The Florida Fish and Wildlife Conservation Commission is investigating the incident, a spokesperson for the U.S. Coast Guard told Fox News Digital.

The Florida Fish and Wildlife Conservation Commission, the Miami-Dade Fire Rescue Department and Lamborghini did not immediately respond to Fox News Digital’s request for comment.