"Fortunately, they were all wearing lifejackets, so thumbs up to the passengers," Calloway said.
Dragging them aboard their boat, the lifeguard returned the stranded four ashore, before calling the Coastguard to salvage the floating boat.
One of the rescued suffered a laceration to the foot and all were pretty shaken up, but Calloway said it could have been much worse.
"They were extremely lucky. It just goes to show that wearing lifejackets really works."
Calloway estimated that the four were only bobbing about in the water for five minutes and said they were "very grateful" to their rescuers.
Those aboard were inexperienced and didn't know the area well, he said.
The boat flipped just at 2pm, just after low tide and there was not enough water across the sandbar for a boat to safely pass it.
"The bar itself is very treacherous and for inexperienced people to come here on holiday, without that local knowledge they're going to get themselves into trouble.
"It's extremely important to wear lifejackets, it's extremely important to know the local conditions and it's extremely important to know how sandbars work and be experienced across them."
He recommended boaties to have Coastguard lessons on crossing sandbars and in other sea conditions.
Calloway praised the quick response of the Coastguard and said the rescue, which was not uncommon in the area, showed the wide range of critical events lifeguards respond to.
"Our job is not just solely restricted to bach work, it is also this type of thing we respond to."