Using sonar equipment, the Coast Guard and members of the San Mateo County Sheriff's Office Dive Team Thursday located what they think is a portion of the sailboat a little more than three miles west of the Golden Gate Bridge.
A Coast Guard spokesman says divers did not find any bodies in the wreckage.
The 31-foot sailboat disappeared Saturday during a race.
The body of one of the two men on the boat -- 72-year-old Anthony Harrow -- washed up on the beach at the Fitzgerald Marine Reserve in Moss Beach Sunday morning.
The body of his sailing companion -- 67-year-old Kirby Gale -- has yet to be found.