Volunteer crew members from Crosshaven RNLI were paged by Valentia Coast Guard this afternoon to respond to a boat fire near Myrtleville.
It is understood that the vessel in question, believed to be a 26-foot yacht, suffered an engine fire shortly before noon.
In a statement, Crosshaven RNLI said that a local boatman, Mick Hoey, was fortunately nearby and sped to the aid of the casualty vessel bringing the sole occupant of the yacht to safety.
The individual was then brought to Crosshaven by the Port of Cork RIB.
He was assessed by Crosshaven RNLI’s doctor, Dr John Murphy, before being collected by a relative.
The Crosshaven lifeboat remained at the scene at Myrtleville/Fish Point area until the vessel sank.
Crew members involved in the call out included Aidan O’Connor, Peter Lane, Norman Jackson and Claire Morgan as well as shore crew Gary Heslin, Warren Forbes, Paddy Quinlan and Jonny Meany.