The Aventura Police Department said its officers responded to the scene of a large fire.
The Florida fire was brought under control by Miami-Dade Fire Rescue.
“So far we have [one] person transported [and] is being treated for injuries,” the department tweeted on Friday.
According to WSVN, rescue crews airlifted a man to Ryder Trauma Center with severe burns after the 75-foot yacht caught fire just before 7:25 p.m. EDT on Friday.
Footage of the fire shared by police showed black smoke and giant orange and yellow flames emanating from the ship.
Palm trees and apartment buildings stood nearby.
Videos and photos posted on social media captured the yacht burning, with sirens playing in the background.
Some showed firefighters at work, using water and foam to extinguish the blaze.
The condition of the injured man remains unknown and the cause of the fire is still under investigation.