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