The story follows three children—Ben, Penny, and their friend, a runaway named Nick—as they embark on a daring adventure in a small sailboat through the Florida waterways. They are on a quest to find a rare seashell known as the lion's paw, which they believe will bring them luck and help reunite Ben and Penny with their missing father, a naval officer lost at sea. Throughout their journey, the children face various challenges and learn valuable lessons about courage, friendship, and perseverance, all while navigating the beautiful yet treacherous natural landscapes of Florida.