Nautilus 220

Building facts

Address

220 Lake Shore Drive

Neighborhood

West Palm Beach

Year built

2024

Floors

24

Residences

330

Status

Completed

Developer

Forest Development

Architect

R + N Architecture

Pricing

Starting at $1 Million

✓Verified 26 August 2026Palm Beach County Property Appraiser, Florida YIMBY, PROFILEmiami +2 more6 sources

Sources

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The two towers of Nautilus 220 from across the water

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The Seahawk dining room at Nautilus 220

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Nautilus 220 seen from above, with the marina alongside

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Nautilus 220 and its marina on Lake Shore Drive, Lake Park

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The pool deck and marina at Nautilus 220 from the air

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The golf simulator lounge at Nautilus 220

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The bar at Nautilus 220

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The pool deck at Nautilus 220 seen from above

By Josh Stein — Miami real estate sales associate, Florida license SL3057661. Selling Miami luxury property since 2002, with more than $1 billion closed.

220 Lake Shore Drive, Lake Park, Florida 33403 | Neighborhood: West Palm Beach

Nautilus 220 is a two-tower, 24-storey waterfront condominium at 220 Lake Shore Drive in the Town of Lake Park, Palm Beach County, developed by Forest Development with Royal Palm Companies. It is finished, occupied and largely sold — and it has changed the finances of the small town it sits in more than any single building in Palm Beach County this year.

Is Nautilus 220 built? Yes — and mostly sold

Date	What is on the record
26 March 2021	Sales launch. 330 residences in two 24-storey towers, 1,500–3,400 sq ft, from $700,000. Groundbreaking then planned for autumn 2021, completion late 2023
1 July 2022	$269,000,000 construction loan closes. Royal Palm Companies joins as joint-venture partner. More than 60% sold; completion now summer 2024
3 November 2023	Topped off. 80% sold; completion now autumn 2024
2024–2025	🔴 Delivery missed. The certificate of occupancy was held up by an unfinished sewage lift station
22 December 2025	🔴 CERTIFICATE OF OCCUPANCY ISSUED — in time for the homes to reach the town’s tax roll
January 2026	90 homes close in a single month — $134,475,871
25 March 2026	GRAND OPENING. About 1.15 million square feet. SeaHawk Prime by David Burke — his first Florida restaurant — and The Birdie Dockside Bar and Grill open on the ground floor
26 August 2026	Developer’s own site: “Nautilus 220 is complete and welcoming residents.” Forest Development’s own head office is now Suite 350, inside the building

So this page’s previous claim — that the project “is expected to be completed within the next two years” with “units now available for pre-sale” — described a building that has been standing, occupied and closing homes for months. It also said ground was broken in 2020. It was not: sales launched in March 2021 with groundbreaking still planned, and construction began after the July 2022 loan.

What Nautilus 220 actually is

Address	220 Lake Shore Drive, Lake Park, FL 33403
Municipality	Town of Lake Park — not West Palm Beach
Towers / storeys	Two, 24 storeys each. No second floor and no 13th floor — the numbering runs 12 to 14
Homes on the county roll	325 (marketed as 330 — see below)
Also in the declaration	11 commercial units (the ground-floor retail and offices) and 12 accessory parcels
Total parcels	348, one declaration, all added to the roll in 2026
Sizes	1,500 to 3,400 sq ft, two- and three-bedroom. ⚠️ This page previously said 1,100–2,200
Developers	Forest Development and Royal Palm Companies. ⚠️ Royal Palm was omitted from this page entirely
Architect	⚠️ Unreconciled. Reported as RDA Architects in 2021 and R+N Architecture in 2023 and 2026
Interiors / contractor	Interiors by Steven G.; Kast Construction
Financing	$269,000,000 (Fortress Investment Group), July 2022
2026 market value	$410,377,435 across all 348 parcels
Occupancy proof	25 homes carry a homestead exemption — which requires primary residence on 1 January 2026, nine days after the certificate of occupancy

⚠️ On the unit count, an honest unresolved. The county records 325 homes; the marketing has always said 330. That is a 1.5% gap. There is demonstrably no second declaration and no separate phase — every one of the 974 parcels on Lake Shore Drive was checked — so combined units are the likely explanation. We cannot prove it, so we are telling you the gap exists rather than choosing a number.

⚠️ And a second one we will not guess at. Twelve parcels sit in a 6000/7000 series, classified as condominium but on no floor of a 24-storey building, valued between $300,000 and $375,000, and eleven of the twelve moved in a single bulk deed alongside the retail. They are most likely deeded boat slips or cabanas. Palm Beach County publishes no sub-use code, so it cannot say — and neither will we. They are excluded from the home count.

The building and its marina

Two towers on Lake Shore Drive with a working marina alongside. These are photographs, not renderings — the building is finished.

What the homes actually sold for

Homes with a recorded deed	270 of 325 — 83.1%
Arm’s-length sales counted	242
Total consideration	$370,252,314
Median	$1,383,450
Mean	$1,529,968
Range	$620,000 to $4,345,000

The closing pattern is unusually stark:

Month	Sales	Total
September–December 2025	86	$131,793,486
January 2026	90	$134,475,871
February–June 2026	67	$104,478,957

Ninety homes closed in January 2026, five weeks after the certificate of occupancy. That one month is 37% of every recorded sale in the building.

⭐ Height is worth about 54% here:

Floors	Homes	Sales	Median price
3–8	64	49	$1,200,000
9–14	94	78	$1,132,225
15–19	90	67	$1,500,000
20–24	77	48	$1,847,500

⚠️ How we counted, because it matters and Palm Beach makes it harder than the other two counties. Palm Beach publishes no qualified-sale flag — unlike Miami-Dade and Broward — so arm’s length has to be approximated. We counted warranty deeds on residential parcels on floors 3 to 24 of $100,000 or more, excluding any price-and-date combination repeated across parcels. That excluded 55 homes never deeded, 24 nominal transfers (nineteen of them at exactly $10), two quit-claims, thirteen homes inside repeated-price groups, and the eleven commercial units. It is an approximation, and you should treat it as one.

🔴 One set of exclusions is worth naming. Four groups of parcels all moved on 28 May 2025 at repeated prices — $3,044,220 across eleven accessory parcels, $1,937,750 across five offices, $1,468,480 across four retail units and $2,328,000 across two more. Those are not condominium sales. They are the county-side signature of an intra-ownership transfer of the commercial component. Counted as sales they would have inflated the picture by nearly $9 million and eleven “homes” that are not homes.

⭐ A useful cross-check. The developer told the trade press in June 2026 that “more than 250 purchasers have successfully closed”. The county roll shows 270 home parcels with a recorded deed. Those two agree, which is not always the case.

⭐ And one about the tax roll that will matter to whoever buys next. Across the 242 sales, the price paid runs a median 1.224 times the county’s 2026 market value for the same home. That is the assessor setting first-year values 22 to 30% below contract prices, which is ordinary in a first roll year. It is a statement about how the assessor works, not evidence that anyone overpaid — but it does mean the first tax bill is not a guide to the second.

What one building did to the Town of Lake Park

This is the part of the story that no listing page carries, and it is the most interesting thing about Nautilus 220.

Lake Park is a town of roughly 9,000 people. Before this building, its median parcel was worth about $345,000 and every condominium in the town — 790 units across nine declarations — was assessed at $348,000 or less. The nearest neighbour, at 301 Lake Shore Drive, runs $305,000 to $348,000 a unit.

Lake Park’s taxable roll, 2025 → 2026	$1.29 billion → $1.78 billion, up 38.5%
Rank among the county’s 39 municipalities	Largest percentage rise
Nautilus 220’s share of the town’s parcels	10.7%
Nautilus 220’s share of the town’s assessed value	18.9%
Nautilus’s median home, assessed	$1,120,000 — 5.1× the $220,000 median of every other Lake Park condominium
What the site produced for the town in 2025	Under $35,000

🔴 And the sales record says the same thing more bluntly. Of the hundred highest prices ever recorded on a residential parcel in the Town of Lake Park, ninety-nine are units at Nautilus 220. Nine of the top ten. Twenty-four of the top twenty-five.

The highest genuine residential price in the town’s history is $4,345,000 — unit 2112, 21 November 2025. The highest price paid for any other home anywhere in Lake Park is $812,000. That is a factor of 5.35.

⚠️ Two honest qualifications on those superlatives, because we tested them rather than assuming them. First, they are residential claims only — six commercial and multifamily deeds in the town are larger, topping out at $64,500,000, so “highest sale in Lake Park” would be false. Second, and more importantly, Palm Beach County publishes only the most recent sale for each parcel. So every “highest ever” above is really highest among the current recorded sale of each parcel, and the true historical maximum is systematically under-counted.

What is beyond argument is the shape of it: a $410 million building landed in a working-class town of 9,000 people and became a fifth of its tax base in a single year. That, rather than any claim that Lake Park was already an affluent destination, is the honest and far more interesting story — and it is what a buyer here is actually betting on.

The marina, the restaurant and the second phase

🔴 The boat slips are not private and they are not the condominium’s. This page used to say “100 private boat slips”. The Lake Park Harbor Marina is recorded at 103 Lake Shore Drive, classified municipal, owned by the Town of Lake Park, with a county market value of $7,242,225. It is operated by the developer under a long-term lease. Residents get access through that lease. That is a materially different thing from a private marina owned by your association, and it is worth understanding before you buy on the strength of it.

The restaurant is real and it is open. SeaHawk Prime by David Burke — the chef’s first Florida restaurant — and The Birdie Dockside Bar and Grill opened with the building in March 2026, with a third venue expected. This page previously referred to “a Chef Burke waterfront restaurant” in the future tense and did not name it.

The second phase is proposed and unbuilt. A 260-room Marriott Autograph Collection hotel, a 30,000 square foot restaurant and a 280-boat storage facility are planned on about 2.5 acres of town-owned land under long-term leases. None of it has been built. ⚠️ If you are buying here partly on the strength of what is coming next door, that is a proposal on land the building does not own — and you should ask for its current status in writing.

Inside

The completed amenity floors: the bar, the dining room, the simulator lounge and the pool deck.

What this record cannot tell you

Three limits, and they are the county’s, not ours:

• ⛔ No resale analysis is possible at all. Palm Beach carries only the most recent sale per parcel, so there is no prior leg to pair against. Nobody can tell you what a home here has done since it closed — not us, and not anyone quoting this roll.
• ⛔ No price per square foot. The county publishes no living area for these parcels. The acreage field reads 1.0 on all 348 rows — that is the parent footprint repeated, and deriving a per-foot figure from it would be fabrication. No such figure appears anywhere on this page.
• ⚠️ Fifty-five homes with no recorded deed is not “55 units available”. That number mixes unsold developer stock, closed-but-not-yet-recorded deeds and homes under contract. Anyone quoting you a live availability count is using a listing service, not the public record.

The liens and the lawsuits

⚠ What follows is a summary of filed claims and recorded liens, each one dated and attributed. Every item is an assertion by one party. Nothing here has been decided by a court, this page takes no view on who is right, and an allegation is not a finding. It is on this page for one reason: there are liens recorded against this property, one side has said in a court filing that they affected buyers’ title, and anyone buying or selling here is entitled to know that before they sign.

The parties. The developer is Forest Development, with Royal Palm Companies as joint-venture partner since 2022. The general contractor is Kast Construction. The lender is Fortress Investment Group. The land under the marina and the proposed second phase belongs to the Town of Lake Park.

The town and the marina lease

In December 2025 a town memorandum raised the question of whether the 2021 selection of the developer had complied with Florida’s open-meetings law, a point that bears on the waterfront lease. On 29 December 2025 the developer sued the Town of Lake Park over the 99-year marina lease. That dispute is about the same 2.5 acres of town-owned land described in the second-phase section above — four 99-year leases at $75,000 a year each for ten years plus $1,200,000 up front, $4,200,000 in total, and then no payments for the remaining 89 years. A November 2025 consultant report valued that land at $1,300,000 to $1,600,000 per year. The gap between those two figures is what the dispute is about.

The liens

On 13 May 2026, Kast Construction filed an $11,400,000 lien against the property for labour, services and materials. Subcontractor liens followed through June, totalling roughly $2,900,000:

Lienor	Amount
Kast Construction (general contractor)	$11,400,000
Pomeroy Electric	$1,160,000
Duct Design Central Florida	$643,318
Jorda Mechanical (two liens)	$543,808
Pacific Glass	$446,673
Griffin Stucco	$42,526
Sherwin-Williams	$36,623

🔴 Some of those subcontractor liens name the condominium unit owners as parties. That is the sentence on this page that most directly concerns somebody who already owns here.

In the same reporting, the developer’s principal stated that “more than 250 purchasers have successfully closed on their condominiums”. Both things are on the record and neither cancels the other.

The developer and the builder are suing each other

On 13 July 2026 Forest Development sued Kast Construction in Palm Beach County circuit court. What the developer alleges: that the contractor did not complete the work; that improper supervision of subcontractors caused water damage and unnecessary delay; and that the contractor refused to release liens on homes that had already been sold, which the developer says obstructed its ability to close sales and deliver clear title to buyers.

Two days later Kast Construction countersued. What the contractor asserts: that the developer failed to make $11,400,000 of monthly progress payments. The countersuit names three bank lenders and unidentified condominium owners as defendants.

Separately, two buyers sued in April and May 2026 for the return of deposits — $716,680 on a $3,580,000 penthouse, and $342,000 on a $1,700,000 residence — alleging respectively that a pool and an “integrated deck concept” were not built, and that defects went unrepaired. I am not naming those buyers. They are named in public filings, but printing a plaintiff’s name beside a unit number publishes who lives where, and this site does not do that.

What this means for you, stated plainly

Construction disputes on projects this size are common and most of them settle. Being sued by your contractor is not evidence that a building is badly built, and 348 parcels are on the tax roll with 25 homes already carrying a homestead exemption — people live here.

What is not routine is the combination: a recorded general-contractor lien of $11,400,000, subcontractor liens that name unit owners as parties, and a filed allegation by the developer itself that lien releases were withheld on already-sold homes in a way that bore on clear title. Title is the one thing a condominium buyer cannot afford to be relaxed about.

So, concretely. If you are buying here, that means a full title search and title insurance, the association’s current litigation disclosure, the most recent budget and reserve study, and a Florida real estate attorney reading all of it — before you sign, and not with the sales office. Ask specifically whether any lien touches the folio you are buying. If you already own here, ask your association directly whether your unit is named in any of the subcontractor filings, and ask your title insurer what your policy covers if it is. And if you are selling, expect a buyer’s attorney to find all of this, because it took me an afternoon — price and prepare for that conversation rather than being surprised by it.

⚠ Dated, and it will move. This section reflects filings and reporting current to 23 July 2026, reviewed again on 27 August 2026 with no later development found. Litigation and liens change. Anyone relying on this should check the current docket and the current title position rather than this page.

Who this suits, and who it does not

It suits a buyer who wants a great deal of building for the money. A bowling alley, a golf simulator, a recording studio, two pools, a beach club on Singer Island and a David Burke restaurant downstairs — at a median closing price of $1,383,450. The equivalent amenity package in Palm Beach or Fort Lauderdale is a multiple of that.

It suits a buyer who wants evidence. There are 242 recorded arm’s-length sales here, all public. You can check what the home two floors up actually paid. On most new buildings you cannot.

It suits badly a buyer who was told this is pre-construction. It has not been since 2023, and it has been occupied since December 2025. Anything available now is either remaining developer inventory or a resale, and those are different negotiations.

It suits badly a buyer betting on Lake Park rather than on the building. Be clear about which one you are doing. This building is 18.9% of its town’s assessed value and holds 99 of its 100 highest home prices. That is not a neighbourhood premium you are buying into — it is a premium this building created, and it currently has no local comparables to support it. That may be an opportunity or a risk depending on your horizon, but it should be a conscious choice.

Five things to establish in writing before you commit:

• Whether you are buying from the developer or from a 2025–26 buyer, and what that buyer paid — it is public.
• The marina arrangement in full — the lease, its term, what residents are actually entitled to and at what cost. The town owns it.
• The association’s budget and reserves, and the first full year of actual operating costs. An amenity package this large is expensive to run.
• Your tax position for year two. These parcels reached the roll for the first time in 2026 and the assessor is currently a median 22% below what buyers paid.
• The current status of the second phase, which is proposed on land the condominium does not own.

Nautilus 220 — Frequently Asked Questions

Is Nautilus 220 finished?

Yes. It received its certificate of occupancy on 22 December 2025 and held its grand opening on 25 March 2026. Palm Beach County has split the whole declaration into 348 folios and records $370,252,314 of home sales. 25 homes already carry a homestead exemption, which requires primary residence on 1 January 2026.

Is Nautilus 220 in West Palm Beach?

No. It is in the Town of Lake Park — a separate municipality of about 9,000 people, roughly seven miles north of downtown West Palm Beach and just north of Riviera Beach. All 348 county records read Lake Park. The panel at the top of this page says West Palm Beach; it is generated by the site template and cannot be edited from here.

What have units at Nautilus 220 sold for?

242 arm’s-length sales totalling $370,252,314, at a median of $1,383,450 and ranging from $620,000 to $4,345,000. Homes on floors 20 to 24 run a median $1,847,500, about 54% above floors 3 to 8. ⚠️ Palm Beach publishes no living area, so no price per square foot can be computed and none appears here.

How many units are in Nautilus 220?

The county records 325 homes on floors 3 to 24, plus 11 commercial units and 12 accessory parcels — 348 parcels in one declaration. ⚠️ The building is marketed as 330 residences. That five-unit gap is unresolved; combined units are the likely explanation, and there is demonstrably no second declaration. There is no second floor and no thirteenth floor.

Does Nautilus 220 have a private marina?

🔴 No. The Lake Park Harbor Marina is a separate parcel at 103 Lake Shore Drive, classified municipal and owned by the Town of Lake Park, with a county market value of $7,242,225. It is operated under a long-term lease and residents get access through that lease. This page previously said “100 private boat slips”, which was wrong.

Have prices at Nautilus 220 gone up since it opened?

⛔ The public record cannot answer that, and we will not pretend otherwise. Palm Beach County carries only the most recent sale for each parcel, so there is no prior transaction to compare against and no resale or appreciation figure can be computed for this building at all. Anyone showing you one is using a listing service.

Is Nautilus 220 the most expensive building in Lake Park?

By a wide margin. Ninety-nine of the hundred highest residential prices ever recorded in the Town of Lake Park are Nautilus 220 units, and the town’s highest home price outside the building is $812,000 against Nautilus’s $4,345,000. Every other condominium in Lake Park is assessed at $348,000 or less. ⚠️ Six commercial deeds in the town are larger, so this is a residential comparison only.

What restaurants are at Nautilus 220?

SeaHawk Prime by David Burke — the chef’s first Florida restaurant — and The Birdie Dockside Bar and Grill, both open since the building’s March 2026 opening, with a third venue expected. This page previously described an unnamed “Chef Burke waterfront restaurant” in the future tense.

Sources and further reading

• Palm Beach County Property Appraiser — PROPINFO parcel roll (all 348 NAUTILUS 220 CONDO parcels at 220 Lake Shore Drive: addresses, property use, year added, sale dates, prices and instruments, market, land, improvement, assessed and taxable values and homestead exemptions; the municipal marina parcel at 103 Lake Shore Drive; all 974 Lake Shore Drive parcels; and the full 3,252-parcel Town of Lake Park roll used for the superlative test, retrieved 26 August 2026)pbcgov.org
• Florida YIMBY — “Nautilus 220 Officially Opens at 220 Lake Shore Drive in Lake Park”, 29 March 2026 (grand opening 25 March 2026; about 1.15 million square feet; SeaHawk Prime by David Burke and The Birdie Dockside Bar and Grill; reported more than 90 percent sold)floridayimby.com
• Florida YIMBY — “Forest Development and Royal Palm Companies Top Off Construction on Nautilus 220”, 7 November 2023 (topping off 3 November 2023; 80% sold; 1,500 to 3,400 sq ft; R+N Architecture; Interiors by Steven G.; Kast Construction)floridayimby.com
• PROFILEmiami — “Forest Development Launches Sales at Nautilus 220 in Lake Park”, 26 March 2021 (sales launch; 330 residences; two 24-storey towers; 1,500 to 3,400 sq ft; from $700,000; RDA Architects; groundbreaking then planned for autumn 2021 with completion late 2023)profilemiami.com
• The Real Deal — “Forest Development, Royal Palm nab $269M condo construction loan”, 1 July 2022 (Fortress Investment Group; Royal Palm Companies joins as joint-venture partner; more than 60% sold; completion then expected summer 2024)therealdeal.com
• Stet News — Lake Park reporting on the certificate of occupancy of 22 December 2025, the sewage lift station that delayed it, and the Palm Beach County preliminary tax roll of 1 June 2026 showing the town’s taxable value rising 38.5% from $1.29 billion to $1.78 billion, the largest percentage increase of the county’s 39 municipalitiesstetnews.org

Interested in buying at Nautilus 220?

Nautilus 220 is finished. It took its certificate of occupancy on 22 December 2025 and opened on 25 March 2026, and Palm Beach County records $370,252,314 of closed home sales. It is no longer a pre-construction purchase. Talk to Josh Stein about what is actually available and what the closed record says it is worth.

LET'S TALK ABOUT NAUTILUS 220

Nautilus 220 Amenities

GRAND LOBBY

• Walkout Access To Marina And Promenade
• Concierge Desk And Seating Area
• Mail Room
• Package Porter And Parcel Storage
• Café
• ATM
• Touchless Technology

SWIM AND SPA

• Resort-Style Pool With Beach Entry And Wading Area
• Sundeck With Lounge Chairs And Cabanas
• Gazebo Lounge With Fire Pit
• Large Multi-Jet Spa And Gazebo
• Sunrise Brazilian Wood Yoga Deck
• Lap Pool On The Rooftop
• Towel Service At Pools, Spa & Gym
• Private Beach Club Access On Singer Island

WELLNESS

• Gym With Cardio And Strength Equipment
• Spin Studio
• Yoga Studio
• Sauna And Steam Rooms

SOCIAL & ENTERTAINMENT

• Club Room
• Theater Lounge
• Golf + Sports Simulator
• Putting Green
• Multipurpose Soundproof Studio For Music And Podcasts
• Bowling Alley With Bar And Lounge Seating
• Lounge Space For Private Events, Piano, And DJ Booth
• Large-Scale Chess Set
• Catering Station
• Billiards And Card Tables
• Poker Room
• Kids Playroom
• Teen Gaming Room

MARINA

The Lake Park Harbor Marina can accommodate vessels up to 100ft. with 100 slips. Take a day trip to the Bahamas, enjoy world class fishing, and scuba diving. The ocean is your playground.

Nautilus 220 prices — what actually closed

This section was empty. These are the recorded figures, from the Palm Beach County Property Appraiser, retrieved 26 August 2026.

	Recorded
Homes with a recorded deed	270 of 325 — 83.1%
Arm’s-length home sales counted	242
Total consideration	$370,252,314
Median	$1,383,450
Mean	$1,529,968
Range	$620,000 to $4,345,000
Floors 3–8, median	$1,200,000
Floors 20–24, median	$1,847,500 — 54.0% above the lower floors

⚠️ Palm Beach County publishes no living area for these parcels, so a price per square foot cannot be computed from the public record and none is published here. The panel at the top of this page says “Starting at $1 Million”; the lowest recorded sale is $620,000.

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