The former chief executive of Ford Motor Company, Jacques Nasser, just sold his Miami compound for $18 million, Fang Block reported for Mansion Global.
The waterfront property comprises two homes that span a combined 10,041 square feet, as well as two outdoor swimming pools and a private boat dock, according to the Multiple Listing Service. It sits on the manmade Venetian Islands in Biscayne Bay. The 72-year-old Nasser, who was Ford’s CEO from 1999 to 2001, bought both homes in 2005 for $5 million, per Mansion Global.
The listing agent for the compound, Dora Puig of Luxe Living Realty, declined to comment on the identity of the buyer.
Take a look at the sprawling waterfront compound.