0 a boat with sails and sometimes an engine, used for either racing or travelling on for pleasure:
1 a large and usually expensive boat, used for racing or for traveling around for pleasure:
They spent their annual holiday on a chartered yacht in the Caribbean.
She sailed around the world single-handed in her yacht.
To the northeast, they saw the derelict yacht yet again.
There was the little problem of y appearing as a vowel in very and as a consonant in yacht, but every rule needs its exception.
The narrator does something more and observes the approaching yacht through his binoculars.