New Yacht Sales Center Opens In Anne Arundel County, Sells Luxurious Vessels

ANNAPOLIS, MD — A new yacht sales center opened recently in Anne Arundel County. The business, Engel & Völkers Yachting, will sell luxurious vessels from its office in Annapolis.

The company said it chose Annapolis because of the city's nautical culture. It pointed to the town's location on the Chesapeake Bay and its crown jewel of the U.S. Naval Academy. Engel & Völkers Yachting also called Annapolis the sailing capital of the nation.

Managing Broker Walter Johnson said boating popularity has exploded over the past two years, especially among younger consumers.

"With both coastal and luxury real estate markets remaining strong, we anticipate demand for boats will only continue on its upward trajectory," Johnson said in a July 21 press release announcing the opening. "Our global presence and continued expansion across the Americas will allow us to best serve a range of clientele, from homeowners with docks to CEOs to international buyers coming from Brazil, Canada, Mexico and Europe."

Engel & Völkers is a global luxury real estate brand that started in Hamburg, Germany in 1977. The business now spans 34 countries and employs 15,000 real estate professionals. The company has about 250 shops and 5,300 advisors in the Americas.

Engel & Völkers Yachting launched in the U.S. in 2020. The Annapolis office will be the fourth in the country. The others are located in:

• Naples, Florida
• Newport Beach, California
• Tiburon, California

"Engel & Völkers’ global reach and referral network between yachting and real estate has been key to our growth and success," Chief Operating Officer Leeann Iacino said. "We are the only yachting specialists in the market with a complete luxury lifestyle offering. The ability to cross promote luxury real estate and yachts in the Engel & Völkers shops across North America has really helped us to differentiate ourselves in the minds of consumers that are looking for full service, personalized luxury expertise for all of their lifestyle needs."

Sellers know about all the premier boat brands, both new and resale. The team also specializes in global yacht charters and slip sales.

Paul Benson will serve as the license partner.

"There is a natural synergy between luxury real estate and yachting that have benefited our clients and advisors alike," said Anthony Hitt, the president and CEO of Engel & Völkers Americas. "Paul, Walter and Leeann have been integral in bringing Engel & Völkers Yachting to the Americas with the ability to buy, sell and charter boats around the globe."

The new yacht sales center is located above the existing Engel & Völkers real estate office at 138 West Street.

To learn more about the yachting center, visit evyachting.com. More information on the company's real estate division is posted at evrealestate.com.

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