One person escaped a $2 million sailboat after it caught fire and sank off the coast of Malibu Tuesday night, said Los Angeles County Fire officials.
The flames ignited the 55-plus foot vessel at around 11:30 p.m., said authorities.
There was only one person on board at the time, and he notified firefighters with a 911 call from his cellphone. The man was rescued by Los Angeles County lifeguards with a dinghy.
Firefighters had the fire out in about an hour, said officials, but the sailboat sank at around 3:30 a.m.
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No one was hurt, and the cause of the fire is under investigation.