MIAMI. -- An 8- foot yacht named "Bliss" was anything but blissfull.

The yacht caught fire and then started to sink. 

According to the U.S. Coast Guard, the yacht caught fire about a mile off the coast of Miami Beach.

The Coast Guard was in the process of boarding the vessel for a routine inspection when it caught fire.

The three passengers onboard jumped into the water and were rescued by the Coast Guard. Luckily no injuries were reported.