The Yacht Isabel Arrived This Afternoon (Spanish: La Balandra Isabel llegó esta tarde) is a 1949 Venezuelan-Argentine film directed by Carlos Hugo Christensen during the classical era of Argentine cinema. It was shown at the 1951 Cannes Film Festival, where it also won for Best Cinematography.

The film was part of an ultimately failed effort by the producer Luis Guillermo Villegas Blanco to establish a Venezuelan film industry during the era. Despite this, it is seen as marking the "true birth of Venezuelan cinema".

For the film, Blanco brought in established film personnel and actors from Argentina and Mexico. It was shot on location and at the Bolivar Studios in Caracas.