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
954-370-8999
Daniel Benjamin
Senior Account Executive,
BoardroomPR
O 954-370-8999
C 954-618-8287
Bank of America Plaza | 1776 N Pine Island
Road
Suite 320 | Fort Lauderdale, FL 33322