I took a similar picture in 1998 (although this one is perfect) at the same lake. Beautiful site to be. I'll never forget that place.
So this is how it looked like when it sank.
Beautiful dramatic picture of this historic ship! Read the full story on Wikipedia. The pictures around tell the tale of the decay.
It gets worse if you go further north: try Shishmaref or Diomede ....
Very nice panorama picture, thank you!