Hyatt Commercial Represents the Seller in the Sale of Family-Owned Boatyard

Edgewater, MD – October 14, 2025 — Hyatt Commercial announced the sale and closing of Casa Rio Marina, located at 4079 Cadle Creek Road in Edgewater, Maryland, for $4.6 million. The transaction was brokered by Jeff Griesbauer and Judith Neighoff of Hyatt Commercial, who represented the Seller.

The property, a second-generation family-owned boatyard, was purchased by a long-standing, local marine service operator and his son, who plan to continue the marina’s tradition of providing high-quality, community-driven service to the boating community.

Nestled along the protected waters of Cadle Creek off the Rhode River, Casa Rio Marina spans 6.5± acres and offers a safe harbor with 35± wet slips and 200± on-land storage spaces. The location provides convenient access to the Chesapeake Bay while maintaining the calm and security of an inland creek.

"Casa Rio has been a landmark marina on the Mayo Peninsula for decades," said Jeff Griesbauer, Vice President at Hyatt Commercial. "We’re proud to have represented the Seller in passing this well-loved property to another family dedicated to preserving its service and reputation in the local boating community."

For media inquiries, contact Gabrielle Titow at 410-260-6530 or gtitow@hyattcommercial.com.

About Hyatt Commercial

Hyatt Commercial, headquartered in Annapolis, Maryland, is a leader in the industry representing local, regional, and national clients in the area. With over 60 years of experience, Hyatt Commercial offers comprehensive real estate services through its subsidiary companies, including property management, commercial construction, brokerage, and land development management residential services. Committed to excellence and driven by a passion for real estate, Hyatt Commercial continues to be a trusted partner in shaping the region’s real estate landscape. Visit hyattcommercial.com for more information and join us on Facebook, Instagram, X, or LinkedIn.