Nautilus 220

Lake Park, FL, USA

Under Construction

Property Description

A joint venture between Royal Palm Companies and Forest Development to develop a 330-unit mixed-use waterfront high-rise with world-class amenities serving the undersupplied market of Palm Beach County. The site acquired six parcels between May 2018 and April 2019 for approximately $10.4 million or $86/sq. ft. of land area. The property has been rezoned from a four-story limit up to twenty-three stories. The project will have two towers, spectacular water view units, and, 38,146 sq.ft. of commercial space. The development is targeted to high networth Floridians and Northeasterners seeking an active lifestyle in South Florida. Nautilus 220 offers easy access to beaches, golf courses, tennis, and boating. It will have first-class amenities in the building and access to a recreational promenade and marina.

Property Details

Property Type

Luxury Condo

Status

Under Construction

Gross Sq. Ft.

1,150,017

Total Capitalization

$361,000,000.00

Property Location

Lake Park, FL, USA