Ford's former CEO just sold his Miami compound for $18 million. Take a look at the waterfront property that sits on an exclusive manmade island.

• The former president and CEO of Ford Motor Company just sold his waterfront Miami compound for $18 million, Fang Block reported for Mansion Global.
• Jacques Nasser, 72, bought the property in 2006 for $5 million.
• The compound on Biscayne Bay's Venetian Islands comprises 2 homes that span a combined 10,041 square feet, according to the Multiple Listing Service.
• It comes with 2 outdoor swimming pools and a private boat dock.
• The listing agent declined to comment on the identity of the buyer.

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.

The 72-year-old former chief executive for Ford Motor Company just sold his Miami compound for $18 million, Mansion Global reported.

Courtesy of Luxe Living Realty

The sale, which closed in late September, is the most expensive transaction on Miami's Venetian Islands — a chain of artificial islands in Biscayne Bay — so far in 2020, per Mansion Global.

The compound was listed for $19.9 million.

The Venetian Islands — which straddle the cities of Miami and Miami Beach — is made up of six exclusive manmade islands: Biscayne Island, San Marco Island, San Marino Island, Di Lido Island, Rivo Alto Island, and Belle Isle.

The Venetian Islands.      Getty Images

Nasser's former compound sits on Rivo Alto Island.

Jacques Nasser bought the home in 2005 for $5 million, four years after he retired from Ford, per Mansion Global.

Nasser in Germany in 2001.      Frederic Pitchal/Sygma/Sygma via Getty Images

He served as the CEO of Ford Motor Company from 1999 to 2001.

The Venetian Islands property has parking space for four cars.

Courtesy of Luxe Living Realty

Source: Luxe Living Realty

The two homes span a combined 10,041 square feet of living space.

Courtesy of Luxe Living Realty

Source: Luxe Living Realty

The listing photos show two spacious and airy living areas.

Courtesy of Luxe Living Realty

Source: Luxe Living Realty

One of the kitchens appears to be outfitted in white marble.

Courtesy of Luxe Living Realty

Source: Luxe Living Realty

The other is decked out with wood paneling.

Courtesy of Luxe Living Realty

Source: Luxe Living Realty

One of the bedrooms features a wall of glass with views of the water.

Courtesy of Luxe Living Realty

Source: Luxe Living Realty

Like many Miami homes, Nasser's former compound has plenty of outdoor living space as well.

Courtesy of Luxe Living Realty

Source: Luxe Living Realty

Two outdoor swimming pools overlook the bay.

Courtesy of Luxe Living Realty

Source: Luxe Living Realty

The home's listing agent, Dora Puig, declined to comment on the identity of the buyer who snapped up the property that Nasser owned for 15 years.

Courtesy of Luxe Living Realty

Source: Luxe Living Realty

The compound's $18 million price tag is not unusual in the ritzy Venetian Islands.

Courtesy of Luxe Living Realty

On the same island, a six-bedroom estate is listed for $23 million. And on nearby San Marco Island, a 15,000-square-foot waterfront mansion is asking $34 million.