Sail ho! What kind of boat is here in the bay?

I drove down the street to pick up one of the daughters from high school today, and as always, there’s an unobstructed view of part of the bay.

There in the middle of my view was a lovely two-masted sailing vessel. I was about a mile from the water, and I’m not good at judging sizes. Thus, I cannot give an estimate of its length.

It had two upright masts without any beams that would be necessary for square sails. While its sails were not visible, I believe they must be triangular.

It was long and low in the water. It was not a large vessel.

Wikipedia had this picture of a schooner, and I’m tempted to call it that. Could I be right?

When is it proper to call something a boat and when a ship?

It is a pretty thing and brightened my day.