Friday, September 2, 2022

Illustrated Properties’ Billy Nash Closes $17.5 Million Sale of Iconic Florida Keys Property

 

 Billy Nash

FLORIDA KEYS, FL – Billy Nash, founder of Nash Luxury at Illustrated Properties (IPRE) - a member of The Keyes Family of Companies, sold yet another Old Florida hidden gem – this time in the Florida Keys.

 The power broker closed the sale of the iconic Geiger Key Marina, Restaurant, RV Park and Fish Camp, offered at $17.5 million.

 Bobby Mongelli

Bobby Mongelli, owner of Geiger Key since the 1970s, sold the mixed-use property to Parakeet Communities.

Based in Rockville, Maryland, Parakeet specializes in operating manufactured housing communities throughout the U.S. It has more than 25 communities in Florida alone and is actively seeking acquisitions to add to its portfolio of premier properties.

 The transaction closed Aug. 31. Nash led a discreet marketing process for Geiger Key, qualifying the right buyer for the unique property.

 It played out in a similar fashion to Nash’s sale of Quail Creek Plantation, offered at $25 million, in Okeechobee, Florida in 2021.

 


“Early in the pandemic, I felt there would be strong demand for remote and private destination properties like Geiger Key and Quail Creek,” said Nash, who also closed the $10.7 million sale of a waterfront compound on Marathon’s Grassy Key in 2021.

Nash partnered with David Kendall, a marina sales expert and senior advisor at SVN Florida Commercial, in the transaction.

 

CONTACTS:

Eric Kalis, 

BoardroomPR

ekalis@boardroompr.com

954-370-8999

 

Daniel Benjamin

Senior Account Executive,

 BoardroomPR

dbenjamin@boardroompr.com

O 954-370-8999

C 954-618-8287

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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