That's been there a while, they haven't been able to get it out of the sand so ripped it apart. I wouldn't paddle round there in bare feet for a few decades now. Looks like Florida coast, do you know where?
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That seems a complete waste of a boat in what looks like a simple beaching on smooth soft sand...
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Look carefully, it's full of sand, it's been aground for a while. It probably could have been saved if tackled quickly - but it's been sitting there for a loooong time. I agree it's a waste, but alternative is probably wait years for it to break up.