The Hawai`i County Fire Department responded to a report of a capsized vessel about a quarter mile offshore of Kaloli Point on Friday.
Fire crews arrived on scene at 11:10 a.m.
The 20-foot Bayliner was found a quarter mile offshore partially submerged.
Two occupants were found treading water beside the boat. HFD rescued the pair, who were not injured.
The United States Coast Guard will arrange the salvage of the boat with the owner