The Wallagoot Lake Boat Club held two handicap-start races on Saturday, joined by the Canberra Sea Scouts, raising a total of 20 boats.
"We feel very fortunate," publicity officer Tony Hastings said. "We're able to maintain a distance of at least 1.5m from each other on shore, and more on the water, so our sport is safe to continue.
"Our thoughts are with all of those affected by the virus, and the threat of it."
Races went ahead in light winds with Rob Morton flying to the front on his RS100 after giving the majority of the fleet a 10-minute head start.
Rodger Ubrihien finished second, a terrific result for the veteran sailor.
The Nacra cat of Terry Ubrihien finished third, an exceptional result.
Sian Morton won the second race on her Sabre dinghy, half a minute ahead of Mark Gerrand's Mosquito cat. Bob Harris came third.
Saturday, the club hopes to hold two Pointscore Races, which count towards the Club Championship.