luxury yachts for sale in florida

[email protected] | +1-305-857-8939

• Yacht Search
• World’s 100 Largest
• World’s 100 Largest

YACHTS AND BOATS FOR SALE IN MIAMI

Founded in 2011 by Robert Lama, Miami International Yacht Sales has become one of the most contemporary yacht brokerages in the industry. By applying the same principles and ideals used during his Commercial Real Estate history in New York, Robert has become popular amongst yacht owners in the 100’ – 250’ class. Understanding the structure of the deal compounded by the administration of the transaction gives Miami International Yacht Sales a competitive edge. We are capable of offering our clients a customized focus on their listings and acquisitions. We use the “best of the best” of maritime law, documentation, and import/export experts available in the industry.

Whether you are looking for new or used luxury yachts for sale in Miami, Florida, or any other part of the world, we narrow down the best manufacturer, model, and boat type to meet your budget and specific requirements.

New Yachts for Sale in Miami

Miami International Yacht Sales has the experience and expertise needed for the acquisition of a new yacht. We have developed relationships with the leading shipyards in Italy, the Netherlands, and worldwide to support our client’s needs. Direct sales through Miami International Yacht Sales will streamline the process and put our brokerage in the buyer’s corner. We find it very important to get your vessel at the correct price by evaluating the current market, competitive brands, and aftermarket pricing. We will team up with our sources to ensure our clients are protected.

We understand the complexity of building a new yacht. Timing, modifications, customizations, and quality oversight are our priorities. We use top members of our industry to build a team that will put comfort and confidence in the process of new yacht construction. Beginning with contract negotiation and finishing with delivery, we have the contacts that will make building your new yacht a positive experience.

A Promise from Robert Lama

“You can count on my personal attention to your listing, acquisition, or new build. I am always available to work “one-on-one” with you to accomplish our goal. Always feel free to contact me directly via phone, WhatsApp, text, or email. I truly look forward to working through the process with you.”

LIST YOUR YACHT

Tell us here how we can help.

Listing Your Used Yachts for Sale in Miami

We pride ourselves on offering the best listings possible on yachts for sale in Miami. We are selective in what we bring into our inventory to ensure we give 100% to our sellers. Let’s just say that we go to sleep thinking about our listings and wake up giving them our full attention. We don’t wait for the “phone call.” We have a successful history of promoting listings and accumulating strong, qualified, and capable buyers.

BUYING OR SELLING A YACHT?

News and events.

Baglietto DOM 133 Hull #5

Miami International Yacht Sales is proud to announce the sale of the Baglietto DOM 133 Hull #5 now…

124 Broward Motor Yacht | Ocean Drive – Yacht Charters Miami

Miami International Yacht Sales represented the buyer of the classic 124’ Broward Motor Yacht “OCEAN DRIVE”. She is…

110 Riva DolceVita

MIAMI INTERNATIONAL YACHT SALES sells the first 110’ Riva DolceVita for the U.S. Market. We are excited to…

2019 New VELO 50

The all new VELO 50 is coming to the U.S. with Hull#1 This vessel has been designed and…

Riva Shipyard

Miami International Yacht Sales was in LaSpezia, Italy for the sale of the new Riva 110′ DolceVita yacht. …

New YACHTS, Pre - Owned YACHTS or CHARTER

Inquire Now

Exploring Luxury Yachts for Sale in Florida: Discover Hanover Yachts

• August 6, 2023
• Uncategorized
• Florida Yachts , Hanover Yachts , Luxury Lifestyle , Luxury Yachts , Luxury Yachts for Sale in Florida , Miami , Miami Lifestyle , miami luxury , Yachts , Yachts Sale

Florida, known as the Sunshine State, is not only a vacationer’s paradise but also a hub for the yachting industry. With its stunning coastline and vibrant boating culture, Florida offers a myriad of opportunities for yacht enthusiasts to find their dream vessel. Among the renowned names in the luxury yacht market is Hanover Yachts, a distinguished yacht builder with a reputation for crafting exceptional vessels. In this article, we will delve into the world of yachts for sale in Florida, with a focus on Hanover Yachts and their exceptional offerings.

Yachts for Sale in Florida

Florida is a prime destination for those seeking to buy a yacht, thanks to its favorable climate, stunning waterways, and a wide range of marinas and yacht brokers. Whether you desire a sleek motor yacht, an elegant sailing yacht, or a luxurious mega yacht, Florida offers an extensive selection to cater to diverse preferences. From Miami to Fort Lauderdale, Palm Beach to Tampa Bay, and Naples to Jacksonville, you will find an array of yachts for sale, showcasing the latest designs, cutting-edge technology, and luxurious amenities.

Hanover Yachts: A Legacy of Excellence

When it comes to luxury yacht builders, Hanover Yachts stands out as a name synonymous with excellence. Established in 1984 , Hanover Yachts has been crafting exceptional vessels that combine timeless design, advanced engineering, and uncompromising quality. Each Hanover yacht is a testament to the company’s commitment to delivering unparalleled luxury and performance. From concept to completion, every detail is meticulously executed to create yachts that offer a remarkable blend of elegance, comfort, and seaworthiness.

Range of Hanover Yachts

Hanover Yachts boasts an impressive lineup of yachts for sale, catering to a discerning clientele. Each designed to offer a unique yachting experience, Hanover Yachts has something to suit every taste. Their yachts are crafted with the finest materials and equipped with state-of-the-art technology, ensuring a luxurious and comfortable onboard experience.

Exquisite Craftsmanship and Customization

One of the hallmarks of Hanover Yachts is their commitment to exquisite craftsmanship and customization. Every yacht they build is a work of art, meticulously constructed by skilled artisans and craftsmen. Hanover Yachts collaborates closely with their clients to understand their unique preferences and requirements, allowing for a high level of customization. From the layout and interior design to the choice of materials and finishes, each Hanover yacht is a reflection of the owner’s personal taste and style.

The Hanover Yachts Experience

Purchasing a yacht from Hanover Yachts is more than just acquiring a vessel—it is an experience. Their dedicated team of professionals guides clients through every step of the process, from the initial design phase to the final delivery. Hanover Yachts’ commitment to customer satisfaction extends beyond the purchase, as they provide comprehensive after-sales service and support, ensuring that owners can enjoy their yachts with peace of mind.

Florida’s vibrant yachting scene offers an enticing array of luxury yachts for sale, and Hanover Yachts stands at the forefront of this industry. With their exceptional craftsmanship, dedication to customization, and commitment to customer satisfaction, Hanover Yachts has earned a stellar reputation among yacht enthusiasts worldwide. If you are searching for a yacht that exudes luxury, performance, and timeless elegance, Hanover Yachts is a name worth exploring. Embark on an unforgettable journey and make your yachting dreams a reality with Hanover Yachts.

Hanover Yachts

Leave a reply.

• 844-532-7447
• New Yachts For Sale
• Used Yachts For Sale
• Featured Yachts
• Sell Your Yacht
• Yacht Delivery
• Meet Our Team

Boat & Yacht Search

" * " indicates required fields

YACHT BROKERS | LUXURY YACHTS FOR SALE

Featured yacht brands.

Motor Yacht

Sportfish Yacht

Trawler Yacht

Cruiser Yacht

Yachts types, new builds available now.

FEATURED YACHTS

80' Sunreef

74' Sunreef

74' Horizon

68' Sunreef

67' Fountaine Pajot

60' Sunreef

58' Navigator

47' Fountaine Pajot

47' Beneteau

44' Jeanneau

43' Sunreef

40' Marlow-Hunter

39' Meridian

31' Formula

Recently sold yachts.

60' Fountaine Pajot

50' Beneteau

46' Beneteau

39' Beneteau

36' Jeanneau

32' Marlow-Hunter

22' Twin Vee

Enjoy the life & escape on the water, testimonials.

I have captained several of their vessels and worked closely with one of their brokers, Capt. Rupert Covell, who is not only an ace captain with an attention to detail, but also an excellent communicator with a strong code of ethics. I am confident that anyone wishing to buy or sell a yacht with Rupert’s help will be very pleased with the result. Extremely knowledgeable and reliable!

I met Paul over 20 years ago when we were in pilot training together, we were both deployed in theater together back in 2006 and we had the pleasure of working together as colleagues at the same firm when our Active Duty service was complete. For all the years I’ve known him there is no one better at delivering on exactly what he has promised and providing the best service possible. Yachting and boating are shared passions for us both and I recently discussed running a yacht as a business with Paul. He hosted me at the Newport International Boat Show, he had the right appointments made and ensured we gained the most value for our time at the show. Whether you want a yacht for personal use or to run as a business venture Paul is an absolute must have person on your team.

Kenia Deulofeu is a quintessential go getter. Her professionalism puts you at ease allowing you to explore possibilities when considering a search that may span the globe. I love the opportunity to work with a woman consultant in this industry. Kenia also being a luxury home agent is an added benefit i allowing for a seamless process.

First and foremost, Captain Rick’s knowledge of the yacht market is impeccable. What sets Captain Rick apart is not just his knowledge but also his dedication to his clients. He was always available to answer my questions and address any concerns I had, no matter how big or small. In addition to his professionalism, Captain Rick Milroy’s passion for yachts and the maritime world is infectious. His enthusiasm for the industry and his love for the sea are apparent in every conversation, making the experience of working with him not only informative but also enjoyable. In conclusion, I highly recommend Captain Rick Milroy as a trusted yacht broker. He is a true expert in his field, a dedicated advocate for his clients, and a pleasure to work with.

I send all my clients to Rupert Covel at JFA Yachts his knowledge and expertise in the yachting and Sailing industry is unmatched. He truly goes the extra mile to ensure every client is his top priority he is extremely efficient and most of all he doesn’t waste your time thank you for all your help. It was a true pleasure doing business with you look forward to much more to come in the future.

Paul Minihan at JFA Yacht & Ship is the go-to person for your boat or yacht needs. As a military veteran and Naval Academy grad, his experience and integrity shine through. I’ve known Paul for over 15 years, and his dedication to his clients is unmatched. Whether you’re buying or selling, Paul’s expertise ensures a smooth and trustworthy experience. Proud to recommend him and contribute to the positive community at JFA Yacht & Ship!

Paul from JFA Yacht has been helping me locate my first boat. He has done overtime work to learn what my needs and wants are and in many ways he has identified multiple areas where what I should be looking for haven’t matched my initial impressions. I have learned tons. I look forward to working with him and JFA yacht into the future on this purchase, and the next!

James & Katy, Thank you for all that you have done to see us off on our dream. You’ve both been awesome!

James, you’re the best broker anywhere, you’ve gone above and beyond what any other broker should or would do. Thank you.

Katy, thanks for your support and friendship. We are lucky to have found you both.

Captain Z just recently helped us purchase our first sail boat. he kept the entire experience stress free! he is so knowledgeable and enthusiastic! the best is that after closing he has been right there helping us organize all of the equipment on board and even helped us move the boat to it’s new slip. he also graciously provided us…

James Fachtmann is one of the few people you come across that has that rare combination of passion and expert knowledge focused solely on one thing. The yacht and marine industry. He continually keeps his knowledge base up to date whether its by visiting boat manufacturers, researching and writing articles in yacht trade magazines or just plain curiosity, he knows…

I have recently purchased a Fountaine Pajot Saona 47 catamaran through James Fachtmann and was quite happy with the service and support he provided me throughout the process. James cares about the happiness of his customer not just in the near term but also for the long term and clearly feels he has an obligation to treat his customer ethically…

I have recently had the pleasure of selling my yacht with the help of James Fachtmann. The service, enthusiasm and professionalism he demonstrated during the transaction was beyond my expectations and I would, in fact already have, recommended his services to some of my best friends. The ease of the selling process was in large part due to his diligence…

Thank you for all that you have done to see us off on our dream. You’ve both been awesome! James, you’re the best broker anywhere, you’ve gone above and beyond what any other broker should or would do. Thank you. Cheers!

Length - Large to Small

Length - Small to Large

Year - New to Old

Year - Old to New

Price - High to Low

Price - Low to High

• Yachts For Sale
• United States

Miami Florida is a premier destination for yachting enthusiasts, offering a vibrant and glamorous yachting scene. With its stunning coastline, year-round sunshine, and a plethora of marinas and yacht clubs, Miami provides the perfect playground for those seeking an unforgettable yachting experience.

Yachting in Miami Florida offers a wide range of opportunities, from cruising along the picturesque Biscayne Bay to venturing out into the sparkling Atlantic Ocean. The city's pristine waters and breathtaking views make it an ideal setting for exploring secluded coves, pristine beaches, and vibrant coral reefs. Yacht owners and charter guests can indulge in water sports, fishing, snorkeling, and simply basking in the sun-drenched beauty of South Beach.

Miami Yacht Sales

When shopping for a new boat, the high concentration of yachts for sale in Miami make the process simpler as you are bound to find all of your options in one place.

Dockage In Miami

Miami is also home to world-class marinas and yacht clubs, such as the iconic Miami Beach Marina, Fisher Island Marina, and the luxurious Fontainebleau Marina. These state-of-the-art facilities provide top-notch services, including yacht maintenance, fueling, concierge assistance, and access to upscale amenities like gourmet dining, spa treatments, and vibrant nightlife.

When it comes to buying or selling a yacht, Miami boasts a thriving yacht brokerage community, offering a wide selection of vessels ranging from sleek motor yachts to elegant sailing yachts. The city's strategic location serves as a gateway to the Caribbean, the Florida Keys and beyond, making Florida an attractive destination for international buyers looking to explore the world's most coveted yachts for sale.

South Florida Boat Shows

In addition to the exceptional yachting experiences, Miami hosts renowned boat shows, including the Miami International Boat Show and the Fort Lauderdale International Boat Show. These events attract yacht enthusiasts, industry professionals, and luxury yacht brands from around the world, showcasing the latest in yacht design, technology, and trends.

Overall, yachting in Miami Florida provides a blend of glamour, natural beauty, and endless recreational opportunities. The city's vibrant yachting culture, stunning waterways, and world-class facilities make it a must-visit destination for yacht enthusiasts from around the globe.

Yacht Sales Is What We Do Best

The data relating to yachts for sale in Miami Florida on this website come in part from a cooperative data exchange program in which this yacht brokerage participates. The listings displayed may not be all the yachts available. Boats for sale listed by yacht brokers other than this broker include the name of the listing broker on the listing detail page. Zev Freidus is a licensed yacht broker with Rick Obey Yacht Sales in Fort Lauderdale, FL.

© Copyright 2021 - 2024, Yachtopia.com

• Search Used Yachts For Sale
• Search Boats By Brand
• Search Boats By Type
• Search By Location
• Search By Price
• What's My Boat Worth?
• Search Boats Just Listed
• Small Yachts
• Custom Sport Fishing Boats
• Finance A Boat
• Amer Yachts
• Cabo Yachts
• French Yachts
• Gulfstream Yachts
• Hatteras Yachts
• Solaris Yachts
• Sunpower Yachts
• Sunreef Yachts
• Vela Boatworks
• Virtus Yachts
• Why List With United?
• Why Own A Boat Or Yacht?
• Custom Website For Your Yacht
• United Sold Boats
• Buy A Yacht With Crypto
• Find a Yacht Broker Near Me
• Search For Broker By Name
• Meet The United Support Team
• Our History
• Fort Lauderdale Boat Show
• Stuart Boat Show
• Miami Boat Show
• Palm Beach Boat Show
• Other Boat Shows
• Yachting News
• Yacht Closing Services
• River Forest Yachting Centers

Search All Yachts

Yachts for Sale in Miami

The Miami skyline is a sight to behold cruising coastal offshore waters; a breathtaking display of architectural wonder with one skyscraper more beautiful and interesting than the next; sunlight playing off mirror finishes in blinding radiance! Typifying the glitz and glamour of this diverse, international city. With its warm subtropical climate, beautiful beaches and azure waters, Miami is a mecca for the rich and famous worldwide. 

United Yacht Sales can help you find the perfect yacht for sale in Florida . Give us a call today at 1-772-463-3131 about purchasing a new boat or listing your current yacht on the brokerage market.

YACHTS LOCATED NEAR Miami Florida

240' Delta 2006

Palm Beach, Florida, United States

191' TRINITY Custom 2009

Florida, United States

185' Oceanfast Full Displacement 2004

Fort Lauderdale, Florida, United States

185' Delta Marine 2001

180' Benetti 2003

170' Amels 2004

169' Feadship Custom 51M 2003

170' Commercial Crew Boat 1991

Merritt Island, Florida, United States

165' Naval Yachts 2025

West Palm Beach, Florida, United States

165' Trinity Yachts 2009

164' TRINITY Trinity 164 2011

164' Heesen Yachts 5000 Aluminum 2022

High Occupancy

164' Oceanfast Custom 1989

164' Trinity Yachts 2011

160' Christensen Custom 2017

Palm Beach Gardens, Florida, United States

• Page 1 of 243

Biscayne Bay is a vast 35-mile long lagoon between Miami mainland and the barrier island of Miami Beach and south to Biscayne National Park marine sanctuary at Elliott Key. Ideal for sport fishing, boating, scuba diving and other recreational activities, including boat tours of the private islands that are home to many celebrities and uber-wealthy of the world. Fisher Island is only accessible by ferry or private boat to residents, hotel guests and members only. An interesting historical fact: In 1925, William K. Vanderbilt traded his 250-ft. yacht for the 7-acre barrier island owned by Carl G. Fisher! Another private island located in Biscayne Bay, is the 86-acre man-made Star Island enclave of celebrity homes. This island, accessible via a causeway from mainland Miami, is gated and secured for privacy. Tour boats offer glimpses of the luxury lifestyle of these secluded residences.

Bayside Marketplace is a bi-level open-air festival center on Biscayne Bay in the “heart” of Miami’s downtown area and the #1 tourist attraction in Miami. Visitors can experience the international character of Miami, with its variety of cuisines, fine shops, free live music performances and diverse culture. One can take the Water Taxi Miami service from Bayside to Miami Beach Marina, Key Biscayne, Coconut Grove and other destinations. Miamarina at Bayside offers 130 slips and is the embarkation point for various charters and boat tours for cruising the Bay, gambling cruises or viewing celebrity homes on Star Island. Besides the glamour of the Miami Yachting Lifestyle, PortMiami is the largest cruise terminal in the world and home port location of every major cruise line and some of the largest cruise ships in the world. Currently, cruising activity has been suspended through October 31, 2020. Contact USCG Marine Safety for status updates if you are considering a cruise. PortMiami, known as the Cargo Gateway of the Americas, is a global gateway for cargo, being strategically located at the crossroads of east-west and north-south trade lanes. PortMiami links world markets with the United States. A fast-access tunnel provides a direct connection to the Interstate highway system, alleviating downtown Miami of 80% of port traffic.

Marinas in the Miami area are Coconut Grove’s Dinner Key Marina featuring the largest wet slip marina (582 berths) plus 225 moorings just offshore and dockside restaurant, Monty’s Raw Bar. Miami Beach Marina is located at the southernmost point of South Beach; 400 slips accommodate luxury charter yachts to dive boats. Onsite restaurants are Texas De Brazil and Monty’s Raw Bar. Smith & Wollensky steakhouse is nearby, with breathtaking views of Fisher Island and cruising yachts. Crandon Marina is located on Key Biscayne and is an easy distance to artificial and natural reefs for great scuba diving and fishing. Its docks offer a perfect view of the bay and city skyline at sunset. Bill Bird Marina in Haulover Park on North Miami Beach is located on the AICW for convenient access to other waterways and is surrounded by a golf course! Pelican Harbour Marina in North Bay Village in the Miami Shores area is also on the AICW and is a 10-acre bird sanctuary island with picnic tables, BBQs and sand volleyball courts. South Dade Marinas include Matheson Hammock Marina in Coral Gables and Herbert Hoover Marina in Homestead Bayfront Park. Black Point Marina in Cutler Bay (southern stretch of Biscayne Bay) is the gateway to the Florida Keys near coral reefs and the marine sanctuary.

The Progressive Miami International Boat Show is slated to be held again at the Miami Marine Stadium Park & Basin on Rickenbacker Causeway in Key Biscayne on Feb. 11-15, 2021. According to 10times, the show is “one of the largest and most influential boat shows worldwide.” Attendees from all over the world can view vendors’ state of the art boats and megayachts at this glamorous show.

Search For Your Next Boat For Sale In These Cities:

• Coconut Grove, Florida
• Fort Lauderdale, Florida
• Fort Myers, Florida
• Jacksonville, Florida
• Jupiter, Florida
• Key Largo, Florida
• Lighthouse Point, Florida
• Marco Island, Florida
• Naples, Florida
• St. Augustine, Florida
• St. Petersburg, Florida
• Stuart, Florida
• Tampa, Florida
• West Palm Beach, Florida

Worldwide Yacht Sales

• Trawlers For Sale New York
• Boats For Sale Puerto Rico
• Boats For Sale Cape May NJ
• Yachts For Sale in Massachusetts
• Boats For Sale Bahamas
• Million Dollar Boat
• Yacht Brokers Jacksonville FL
• Used Boats For Sale in VA
• 40 Million Dollar Yacht
• Yacht For Sale NJ
• Used Boats For Sale in Maryland
• Boat Brokers Near Me
• Sailboats For Sale Mexico
• 4 Million Dollar Yacht
• Trawlers For Sale in California

Luxury Boats & Yachts

• Ocean Boats
• Prestige Yachts
• Yacht Broker
• Yachts For Sale by Price
• Sabre Yachts For Sale
• Sailboats For Sale Texas
• Ocean Yachts For Sale
• Used Center Console Boats
• Used Bertram Boats For Sale

Popular Builders & Models

• Sea Ray 58 Sedan Bridge
• Used Cruiser Boats For Sale
• Tug Boats For Sale in Florida
• Sailing Catamaran For Sale
• Bavaria Sailboats For Sale
• 44 Sea Ray Sundancer For Sale
• Used Edgewater Boats For Sale
• Pilothouse Motorsailer Sale
• Hatteras 54
• 50 Foot Viking Sportfish
• Cabin Boats For Sale Near Me
• Catamaran Fishing Boats For Sale
• Long Range Expedition Yachts

Trending Brands & Types

• Lobster Boats For Sale
• Mag Bay Boats
• Silverton Boats For Sale
• Leopard Catamaran For Sale
• Regal Boats For Sale
• Henriques Boats For Sale
• Nordhavn Yachts
• Hatteras Boats
• Jarrett Bay Boats For Sale

SPEAK TO A SALES PROFESSIONAL

• Fountaine Pajot
• Princess Yachts
• Dufour Yachts
• All Listings
• Brokerage Listings
• Worldwide Listings
• Sold Listings
• Recently Listed
• Recently Reduced
• About IMS Yachts
• Meet The Crew
• Testimonials
• Share Testimonial
• Sell Your Boat

Super Yacht Yachts For Sale

Superyachts or Megayachts are the larger and most luxurious pleasure private vessels ranging from 79 to 590 ft in length.  Some of these “Mega Vessels” include swimming pools, water toys, boats and also a helicopter. These vessels are built and designed to emphasize comfort, speed, or expedition capability.  Browse our website to find the most extravagant and luxurious Superyachts available for sale.

Business | South Florida yacht brokers hit with lawsuits…

Share this:.

• Click to share on Facebook (Opens in new window)
• Click to share on X (Opens in new window)

Daily e-Edition

Evening e-Edition

• Real Estate
• Consumer Reviews

SUBSCRIBER ONLY

Business | south florida yacht brokers hit with lawsuits that claim 10% commissions violate antitrust laws.

Two newly filed federal lawsuits claim that 10% sales commissions required by South Florida’s yacht broker industry are anticompetitive and violate antitrust laws.

The claims follow an October finding by a federal jury in Kansas City, Missouri, that the National Association of Realtors conspired with brokers to artificially inflate commissions paid to real estate brokers. The ruling, and a March 15 settlement by the Realtors, is expected to radically change how homes are sold in the United States.

Both lawsuits involving yacht brokers name as defendants the International Yacht Brokers Association, based in Fort Lauderdale, the Yacht Brokers Association of America, Boats Group LLC and YATCO LLC.

Also listed as defendants in both suits are a who’s who of South Florida-based yacht brokers, including Denison Yacht Sales, MarineMax Inc., Galati Yacht Sales Inc., Allied Marine Inc., Tournament Yacht Sales LLC and Northrop & Johnson Yacht Ships, among others.

Nearly all of the defendants are headquartered in South Florida.

The most recent suit, filed on March 22, proposes a class of plaintiffs that includes anyone who listed vessels on certain Multiple Listing Services using a listing agent or broker affiliated with one of the defendants and paid a buyer’s broker commission since March 22, 2020.

The lead plaintiff in the lawsuit is Kip Lamar Snell, identified as an Alabama resident. Snell entered into an agreement with Galati to sell a 41-foot Express Cruiser Sea Ray in July 2020 and ended up paying a $12,000 commission on the $120,000 sale price, the suit states. The lawsuit lists as defendants 15 brokers and six organizations that promote the yacht trade or operate Multiple Listing Services.

That lawsuit follows one filed on Feb. 29 that proposes a class of plaintiffs that includes anyone who paid a commission to a listing broker affiliated with the defendants since Feb. 19, 2020. It lists as defendants 11 brokers and five organizations that promote the yacht trade or operate Multiple Listing Services.

The lead plaintiff in that suit is Ya Mon Expeditions, a Wyoming company that paid a “substantial broker commission” when it sold a vessel in January 2023 while represented by Tournament Yacht Sales of Tequesta.

The most recent complaint accuses the trade associations of colluding with brokers to “enforce an anticompetitive restraint that requires (sellers of pre-owned yachts and boats) to pay a brokerage fee to the buyer’s broker and a total aggregate commission fee that is inflated as a condition for selling their yachts.”

The complaint states the typical commission is 10% and is shared between the seller’s broker and the buyer’s broker under terms spelled out in Central Listing Agreements provided by the brokers associations, including the International Yacht Brokers Association and the Yacht Brokers Association of America.

Only boat brokers are able to list boats and yachts on such Multiple Listing Services as YachtWorld.com, BoatTrader.com and Boats.com, and the Multiple Listing Services will not accept listings from owners who want to sell their vessels themselves, the lawsuit states.

Yacht owners are “severely disadvantaged” if they do not list their boats for sale on the listing services, while buyers suffer because their brokers are “financially incentivized” to show boats that will earn them standard “and inflated” commission rates of 4% to 5% through co-brokerage transactions, the complaint states.

None of the defendants contacted for this story responded to a request for comment, and no response has been filed yet in either case.

Robert Allen Jr., whose Miami-based law firm Robert Allen Law represents the International Yacht Brokers Association, did not respond to emails or return a phone call.

A woman who answered the phone at the International Yacht Brokers Association said, “We have no comment on that,” and hung up after a reporter asked for her name.

Of six brokers contacted for comment about the lawsuits, only Tournament Yacht Sales responded to emails. “No comment,” the company’s response stated.

Overall commissions have increased faster than the rate of inflation in recent years as the price of larger boats and yachts have increased, according to the lawsuit that lists Snell as lead plaintiff.

The result is that boat owners pay “hundreds of millions of dollars” in inflated commissions each year, the suit alleges.

Both lawsuits allege violations of the Sherman Antitrust Act that are upheld by “brokers who should be competing with one another but, instead, cooperate with each other to the detriment of pre-owned boat sellers.”

Some brokerages represent both buyers and sellers and retain the entire 10% commissions, the suits state.

The trade associations enforce rules requiring brokers to offer their boats through a listing service and to share commissions, the suits state, adding that they can impose significant penalties on members who do not comply with their rules.

Yacht purchasers are disadvantaged by the current system, the lawsuit alleges, because their agents would otherwise negotiate for their business by decreasing their commission rates.

But buyer brokers’ commissions have remained constant despite their diminishing role, the suits state. Many buyers today find boats they are interested in purchasing through online searches and enlist the services of a buyer’s broker only after identifying the yacht they want to buy, the suits claim.

The lawsuits seek an order declaring the commission structure to be illegal, a permanent injunction outlawing what they describe as anticompetitive conduct, plus damages and/or restitution, pre- and post-judgment interest, and attorneys’ fees.

Paul Geller, an attorney for one of two law firms representing the class that includes Snell, acknowledged “parallels between the allegations relating to commissions in the real estate and yacht markets.”

In the real estate matter, the National Association of Realtors on March 15 agreed to a $418 million proposed settlement that would free home sellers from paying commissions to brokers for both sellers and buyers.

After a jury ruled for the plaintiffs in the case against the National Association of Realtors in October, numerous lawsuits were filed across the country with similar allegations, including one in December against the Florida Association of Realtors and 16 brokerages.

“At bottom, the goals of (the suit against the yacht brokers) are similar: protecting consumers by challenging what we allege to be anti-competitive conduct,” Geller said by email. “We believe in the universal truth that consumers benefit by increased transparency and the competitive pricing that results from negotiated terms, including commissions.”

Geller is a partner at Robbins Geller Rudman & Dowd LLP, which specializes in securities litigation on behalf of investors. The firm has offices in 10 cities, including Boca Raton.

Ron Hurtibise covers business and consumer issues for the South Florida Sun Sentinel. He can be reached by phone at 954-356-4071, on Twitter @ronhurtibise or by email at [email protected].

More in Business

Real Estate | South Florida homebuyers face higher prices, while also finding more options

DeSantis appoints Craig Mateer to Disney oversight board

Business | Selling your home could boost your nest egg — but is it worth it?

Business | Sold a home recently? Here’s what you’ll get from the $418 million Realtor settlement

You are using an outdated browser. Please upgrade your browser or activate Google Chrome Frame to improve your experience.

• Link to search page
• US: +1 (561) 833 4462
• US: +1 (206) 209-1920
• MC: +377 99 90 74 63

Yachts for Sale Florida

We currently have no yachts to show. Please check back again soon.