Nov. 16, 2017 – Sotheby’s International Realty Affiliates LLC today announced that its independently owned and operated affiliate, Ocean Sotheby’s International Realty in Islamorada, Florida, has acquired Engel & Völkers Florida Keys. The acquired firm will now operate as Ocean Sotheby’s International Realty.
The acquisition expands Ocean Sotheby’s International Realty into new markets, including Marathon and Key West, while continuing to serve the luxury residential real estate market in Islamorada. With this addition, the firm has now grown to over 30 independent sales associates.
“Ocean Sotheby’s International Realty has prospered in its local market and we are proud to support their growth in the Florida Keys,” said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “The Keys are a prominent Florida destination and this acquisition strengthens the firm’s position to serve clientele across the region. Despite being impacted by the hurricanes earlier this year, Ocean Sotheby’s International Realty has persevered to carry on a business-as-usual approach, and we wish them continued success.”
Russell Post is the broker/owner of Ocean Sotheby’s International Realty and will remain at the helm of the operation. Bob Cardenas, former broker/owner of the acquired office, will now serve as broker/owner at Ocean Sotheby’s International Realty.
“This addition provides our company with greater exposure in Marathon and Key West and allows us to better serve clients in the middle and lower Keys,” said Post. “We are proud to welcome Bob Cardenas and his team to our organization.”
“Ocean Sotheby’s International Realty is a well-known and respected company. We are thrilled to be joining this firm and look forward to the opportunity to connect our clients with the finest international network and premier level of worldwide exposure,” added Cardenas.
The acquired offices are located at 420 Flemming Street in Key West and 12240 Overseas Highway in Marathon, and will complement the company’s existing office at 81888 Overseas Highway in Islamorada. Post also owns and operates Russell Post Sotheby’s International Realty which serves the Ocean Reef Community in Key Largo. With this addition, the Sotheby’s International Realty® network now has 61 branded offices throughout the state of Florida.
The Sotheby’s International Realty network currently has more than 21,000 affiliated independent sales associates located in 930 offices in 69 countries and territories worldwide. In 2016, the brand achieved a record global sales volume of $95 billion USD. Ocean Sotheby’s International Realty listings will be marketed on the sothebysrealty.comglobal website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.