South Florida New Construction · West Palm Beach · Nautilus 220
It is finished, occupied and largely sold.
By Josh Stein · Florida license SL3057661 · Updated 25 September 2026
Verified 24 September 2026Palm Beach County Property Appraiser, Stet News, The Real Deal +18 more21 sources
The two towers of Nautilus 220 from across the water
The Seahawk dining room at Nautilus 220
Nautilus 220 seen from above, with the marina alongside
Nautilus 220 and its marina on Lake Shore Drive, Lake Park
The pool deck and marina at Nautilus 220 from the air
The golf simulator lounge at Nautilus 220
The bar at Nautilus 220
The pool deck at Nautilus 220 seen from above
Key Takeaways
- 🔴 It is finished, occupied and largely sold — Certificate of occupancy 22 December 2025 (Stet News, 2 January 2026); grand opening 25 March 2026. Palm Beach County has split the entire declaration into 348 folios, and its property pages, read on 24 September 2026, show 266 warranty deeds of $100,000 or more on 260 of the 325 homes, totalling $406,542,280. 278 of the 325 homes — 85.5% — carry a recorded deed of some kind.
- 🔴 It is in the Town of Lake Park, not West Palm Beach — All 348 county records read Lake Park — a separate municipality of about 9,000 people, immediately north of Riviera Beach (Stet News, 1 June 2026). It is not North Palm Beach either. If you search the county for a West Palm Beach address you will find nothing.
- ⭐⭐ Ninety-eight deeds are dated January 2026 alone — The month after the certificate of occupancy. That single month is 37% of the 266 counted deeds and $145,699,477 of the $406,542,280.
- ⭐⭐ It has reshaped the tax base of an entire town — On the county’s preliminary roll of 1 June 2026, Lake Park’s taxable value rose 38.5%, from $1.29 billion to $1.78 billion — the largest percentage rise of the county’s 39 municipalities, driven primarily by this one building (Stet News, 1 June 2026). On the county roll of 24 September 2026, Nautilus 220 is 10.7% of the town’s parcels and 18.9% of its total 2026 market value. Stet News estimated that, as an unfinished building, the site likely produced under $35,000 for the town in 2025.
- ⭐ Ninety-nine of Lake Park’s hundred highest recorded home prices are in this one building — The highest price recorded on a Nautilus 220 home is $4,345,000 — unit 2112, 21 November 2025. The next-highest home price recorded anywhere else in Lake Park, setting aside one anomalous 2018 record, is $812,000. Every other condominium parcel in the town — 790 of them — carries a 2026 market value of $348,000 or less.
- 🔴 The marina is the town’s, not the building’s — It is 103 Lake Shore Drive, classified municipal and owned by the Town of Lake Park, with a 2026 county market value of $7,242,225. Forest Development holds leases, signed in 2023 and 2024, that give it the right to take the marina over; those leases are in litigation (see below), and I have not found a source that says what residents of the building are entitled to there.
- ⚠️ The county counts 325 homes. The developer says 330 — A five-unit, 1.5% gap. The roll shows no second declaration and no missing phase — all 974 parcels on Lake Shore Drive were checked. I have not found a source that explains the difference, and I would rather say so than pick one.
- ⭐ The county’s property pages carry more than its open-data table — The Property Appraiser’s individual property pages show each parcel’s full sales history and a “Total Square Feet” figure, footnoted “may indicate living area in residential properties”. Read for all 348 parcels on 24 September 2026, they show six recorded resales and a median of $812 per county square foot. The open-data table keeps only the latest sale per parcel and has no area field.
Nautilus 220, by the numbers
Developers: Forest Development and Royal Palm Companies · Architect: R+N Architecture · Certificate of occupancy 22 December 2025 (Stet News), grand opening 25 March 2026 · Residences quoted at $1.4 million to $4.6 million (The Real Deal, 23 July 2026); county closings from $620,000 to $4,345,000 (24 September 2026).
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, on the county’s preliminary 2026 roll, it was the main driver of the 38.5% rise in the town’s taxable value (Stet News, 1 June 2026).
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 the $700,000s. Groundbreaking then planned for autumn 2021, completion late 2023 (PROFILEmiami, 26 March 2021) |
| 1 July 2022 | $269,000,000 construction loan reported (The Real Deal, 1 July 2022; Stet News dates it to June 2022). Royal Palm Companies joins as joint-venture partner. 60% presold; construction reported started in February 2022; completion then expected summer 2024 |
| 3 November 2023 | Topped off. 80% sold; the developer said it would welcome residents “in just over a year” (Florida YIMBY, 7 November 2023) |
| 2024–2025 | 🔴 Delivery missed. The completion dates given in 2021, 2022 and 2023 passed; in October 2025 an unfinished sewage lift station was the main obstacle to the certificate of occupancy (Stet News, 3 November 2025) |
| 22 December 2025 | 🔴 CERTIFICATE OF OCCUPANCY ISSUED — in time for the homes to reach the town’s 2026 tax roll. Stet News’s 2 January 2026 report and the editor’s note on its 3 November 2025 report give 22 December; a Stet dining article of 12 February 2026 gives 24 December |
| January 2026 | 98 deeds are dated in the month — $145,699,477. SeaHawk Prime and Birdie take their places on the ground floor (Stet News, 12 February 2026) |
| 25 March 2026 | GRAND OPENING. About 1.15 million square feet, with SeaHawk Prime by David Burke and The Birdie Dockside Bar and Grill on the ground floor (Florida YIMBY, 29 March 2026) |
| 24 September 2026 | Developer’s own site: “Nautilus 220 is complete and welcoming residents.” Forest Development’s website lists its address as 220 Lake Shore Drive, Suite 350, inside the building |
Sales launched in March 2021 with groundbreaking still planned. The Real Deal reported on 1 July 2022, citing a Forest release, that construction had started in February 2022; Stet News (3 November 2025) says construction began shortly after the loan the company obtained in June 2022. The two differ by some months, and I have not found a source that settles which is right.
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 restaurant, retail and offices) and 12 guest-suite parcels (see below) |
| Total parcels | 348, one declaration, all added to the roll in 2026 |
| Sizes | ⚠️ The county and the developer do not match. County “Total Square Feet”, all 325 homes: 981 to 4,114 sq ft, median 1,632 — 14 one-bedroom (981–1,048), 214 two-bedroom (1,384–2,130), 95 three-bedroom (1,999–3,200) and 2 four-bedroom (3,805 and 4,114). Developer: 1,500 to 3,400 total sq ft, two- and three-bedroom (Oculus Realty, the sales office, 24 September 2026; Florida YIMBY, 7 November 2023); a July 2022 release said one- to four-bedroom, 1,100 to 3,400 sq ft (PROFILEmiami, 5 July 2022). 130 of the county figures are under 1,500. I have not found a source that reconciles them. |
| Developers | Forest Development and Royal Palm Companies (Florida YIMBY, 29 March 2026) |
| Architect | ⚠️ Two names. Reported as RDA Architects in March 2021 (PROFILEmiami) and R+N Architecture from July 2022 (The Real Deal) through March 2026 (Florida YIMBY). I have not found a source that explains the change |
| Interiors / contractor | Interiors by Steven G.; Kast Construction |
| Financing | $269,000,000 (Fortress Investment Group), reported 1 July 2022 (The Real Deal) |
| 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, ten days after the 22 December 2025 certificate of occupancy (county roll, 24 September 2026) |
⚠️ On the unit count, an honest unresolved. The county roll carries 325 home parcels (floors 3 to 24); the developer says 330 residences (Forest Development and Oculus Realty, read 24 September 2026). That is a 1.5% gap. The roll shows no second declaration and no separate phase — every one of the 974 parcels on Lake Shore Drive was checked — and the 11 commercial and 12 guest-suite parcels below do not close it. I have not found a source that explains the five-unit difference, so I am telling you it exists rather than choosing a number.
The twelve parcels numbered 6001 to 6010, 7011 and 7012 are not homes. On the Property Appraiser’s property pages each is 573 to 913 square feet with one bathroom, and eleven of the twelve belong to an entity named N220 Guest Suites LLC under a single deed of 28 May 2025; the twelfth (6009) sold on 3 December 2025 for $495,000. They match the 12 guest suites the developer’s 2021 launch release lists among the amenities (PROFILEmiami, 26 March 2021), and its March 2026 release lists guest suites again (Florida YIMBY, 29 March 2026); I have not found a source that ties the parcel numbers to them directly. 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
These figures come from the Property Appraiser’s individual property page for every one of the 348 parcels, read on 24 September 2026. Each page lists the parcel’s full sales history; the county’s open-data table keeps only the latest sale per parcel.
| Homes on the county roll | 325 |
| Homes with a recorded deed of any kind | 278 of 325 — 85.5% |
| Homes with a priced deed of $100,000 or more | 264 of 325 — 81.2% (260 counted, plus 4 on two repeated-price deeds set aside) |
| Warranty deeds counted | 266, on 260 homes (six homes have two) |
| Total consideration | $406,542,280 |
| Median | $1,360,650 |
| Mean | $1,528,354 |
| Range | $620,000 to $4,345,000 |
| Per county square foot (266 deeds) | median $812; middle half $650 to $983; range $471 to $1,706 |
⚠️ How to read the per-foot figure. It divides each deed price by the “Total Square Feet” the county lists for the home. The Property Appraiser footnotes that field “may indicate living area in residential properties”, so it is the county’s figure — not a measured living area, and not necessarily the size the developer markets (see Sizes above). The extremes ($471 and $1,706) are single deeds.
The closing pattern is unusually stark:
| Deed date | Deeds | Total |
|---|---|---|
| Before September 2025 (one deed, 1 May 2025) | 1 | $1,299,000 |
| September–December 2025 | 93 | $142,434,046 |
| January 2026 | 98 | $145,699,477 |
| February–June 2026 | 72 | $112,277,757 |
| July–September 2026 (latest: 1 September) | 2 | $4,832,000 |
Ninety-eight deeds are dated January 2026, the month after the certificate of occupancy. That one month is 37% of the 266 counted deeds. One deed is dated 1 May 2025, months before the first closings the press reported (September and October 2025, Stet News, 3 November 2025); I have not found a source that explains it.
⭐ Higher floors sell for more — by price and per square foot:
| Floors | Homes | Deeds | Median price | Median per county sq ft |
|---|---|---|---|---|
| 3–8 | 64 | 51 | $1,205,000 | $731 |
| 9–14 | 94 | 85 | $1,125,000 | $681 |
| 15–19 | 90 | 78 | $1,500,000 | $876 |
| 20–24 | 77 | 52 | $1,826,000 | $1,065 |
The median price on floors 20 to 24 is 51.5% above floors 3 to 8, and 46% above per county square foot; the higher-floor homes are also larger (median county square feet 2,004 against 1,714).
⭐ Six homes show a second priced deed. The property pages record a purchase and then a resale on six homes, 34 to 133 days apart, at prices 25% to 70% above the first deed (median 57%). Six is too few to call a trend, and the record does not say why each price differs.
⚠️ How I 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. I counted every warranty deed of $100,000 or more on the 325 homes (floors 3 to 24), excluding any price-and-date combination repeated across homes (two pairs of homes, which look like two multi-parcel deeds). That set aside: 47 homes with no deed on record; 14 homes whose only deeds are nominal ($0, $1 or $10) transfers; the four homes on the two repeated-price deeds; 31 nominal deed rows in all (26 of them exactly $10), two of them quit-claim deeds; and the 11 commercial and 12 guest-suite parcels. The open-data table keeps only the latest sale, so on 17 homes it shows a $10 transfer where the property page also lists an earlier, priced deed. 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, each to an entity named for what it holds: N220 Restaurant LLC ($2,328,000 across two units), N220 Retail LLC ($1,468,480 across four), N220 Office LLC ($1,937,750 across five) and N220 Guest Suites LLC ($3,044,220 across eleven). None of those is a condominium home sale, and I have not counted them; counted as sales they would have added nearly $9 million. Stet News reported that in March 2025 Forest took out a $25 million second mortgage to buy out its partners’ positions in the building’s restaurant, retail, office and guest-suite space (3 November 2025). I have not found a source that ties the May 2025 deeds to that buyout.
⭐ A useful cross-check. The developer’s principal told The Real Deal in June 2026 that “more than 250 purchasers have successfully closed”, and Forest’s complaint against its contractor, as reported by Boca Post on 15 July 2026, refers to approximately 260 condominium units it has sold. The county’s property pages show 260 homes with a counted deed and 264 with a priced deed. Those figures agree.
⭐ And one about the tax roll that will matter to whoever buys next. Across the 266 deeds, the price paid runs a median 1.22 times the county’s 2026 market value for the same home (middle half 1.04 to 1.47). The county’s market value is not a price, and a gap between the two is not evidence that anyone overpaid. These parcels reached the roll for the first time in 2026, so check current figures rather than relying on a first tax bill.
What one building did to the Town of Lake Park
This is the part of the story a listing page does not carry.
Lake Park is a town of about 9,000 people (Stet News, 1 June 2026). Outside this building, the median parcel on the county’s 2026 roll is worth about $334,000, and every one of the town’s other 790 condominium parcels carries a 2026 market value of $348,000 or less. The nearest neighbour, at 301 Lake Shore Drive, runs $249,750 to $348,000 a unit.
| Lake Park’s taxable value, 2025 → 2026 (preliminary, 1 June 2026) | $1.29 billion → $1.78 billion, up 38.5% |
| Rank among the county’s 39 municipalities | Largest percentage rise (Stet News, 1 June 2026) |
| Nautilus 220’s share of the town’s parcels | 10.7% |
| Nautilus 220’s share of the town’s total 2026 market value | 18.9% ($410,377,435 of $2,166,350,019, county roll, 24 September 2026) |
| Nautilus’s median home, 2026 market value | $1,120,000 — 5.1× the $220,000 median of every other Lake Park condominium |
| What the site produced for the town in 2025 | Likely under $35,000 (Stet News, 2 January 2026) |
🔴 And the sales record says the same thing more bluntly. Of the hundred highest prices 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 price recorded on a Nautilus 220 home is $4,345,000 — unit 2112, 21 November 2025. The highest price recorded for any other home in Lake Park, setting aside one anomaly, is $812,000 (250 Foresteria Drive, 20 January 2026). That is a factor of 5.35. The anomaly is a single-family record at 915 W Ilex Drive, $17,375,043 on 6 August 2018, for a parcel whose own 2026 market value is $338,291; it is far above what the parcel is worth on the roll, so I have set it aside rather than call it a home price. It is the one non-Nautilus record in that top hundred.
⚠️ Two honest qualifications on those superlatives, because I tested them rather than assuming them. First, they are residential claims only — commercial and multifamily deeds in the town are larger, topping out at $64,500,000 (303 N Congress Avenue, 15 December 2021), so “highest sale in Lake Park” would be false. Second, for every other Lake Park parcel the comparison uses the county’s open-data table, which keeps only each parcel’s latest sale, so a higher earlier sale elsewhere in town would not show; I did not read the property pages for the town’s other 2,904 parcels.
The shape of it, on the county’s numbers: a $410 million building landed in a town of about 9,000 people and, in its first roll year, is 18.9% of the town’s total market value. That, rather than any claim that Lake Park was already an affluent destination, is what a buyer here is betting on.
The marina, the restaurant and the second phase
🔴 The marina is the town’s, not the condominium’s. The Lake Park Harbor Marina is recorded at 103 Lake Shore Drive, classified municipal, owned by the Town of Lake Park, with a 2026 county market value of $7,242,225. The developer’s 2021 launch release described a marina alongside the building with 100 slips for boats up to 100 feet (PROFILEmiami, 26 March 2021). Forest Development holds leases, signed in 2023 and 2024, that give it the right to take the marina over and build the second phase (Stet News, 3 November 2025 and 13 August 2026); the town has said it will ask a court to treat those leases as void, and Forest disputes that (see below). I have not found a source that says who operates the slips today, or what residents of the building are entitled to at the marina and at what cost. 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 restaurants are real and they are open. SeaHawk Prime by David Burke and The Birdie Dockside Bar and Grill are on the ground floor. Stet News reported on 12 February 2026 that both took their places in January 2026; SeaHawk Prime opened for a private New Year’s Eve party and then to the public, and Birdie, which was holding events, was to open formally in March. The developer’s release of 25 March 2026 presents both as part of the grand opening and calls SeaHawk Prime the chef’s first Florida restaurant, while Stet News calls them his first Palm Beach County properties and notes he has opened steakhouses elsewhere in South Florida. A third venue, Park Ave Cafe Coffee Counter & General Store, was slated to open in fall 2026 (developer release, 25 March 2026); I have not found a source on whether it has.
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 (Stet News, 3 November 2025). I have found no report that any of it has been built. Those leases are the subject of the town’s dispute with the developer described below, and in August 2026 a court entered a judgment that the town’s 2021–22 closed-door meetings about the proposal violated the Sunshine Law (Stet News, 13 August 2026). ⚠️ 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 record’s, not mine:
- ⛔ A resale record this short is not a market. The property pages show six resales in about a year of closings (above). They cannot tell you what a typical home here has done since it closed.
- ⚠️ The per-foot figure rests on the county’s “Total Square Feet”. The Property Appraiser footnotes it “may indicate living area in residential properties”. It differs from the developer’s marketed sizes (see Sizes above), and the open-data table’s acreage field, which reads 1.0 on all 348 rows because it repeats the parent footprint, is no use for this. I have not found floor-plan sizes to compare against.
- ⚠️ Homes with no recorded deed are not “units available”. 47 homes show no deed and 14 show only nominal transfers. That number mixes unsold developer stock, closed-but-not-yet-recorded deeds (the Property Appraiser notes that sales generally appear one to three weeks after closing) and homes under contract. Anyone quoting you a live availability count is using a listing service, not the public record. The developer’s site says a limited collection remains (read 24 September 2026).
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, apart from the Sunshine Law judgment reported below, which a court entered on an agreement between the town and a resident. No court has decided the liens, or the claims between the developer and the contractor, the buyers or the town; 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
The developer holds leases from the Town of Lake Park, signed in 2023 and 2024, to take over the town marina and build a hotel, a restaurant and a boat-storage building on about 2.5 acres of town-owned land beside the condominium (Stet News, 13 August 2026). Reported terms: 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 (Stet News, 3 November 2025). A real-estate consultant’s report of November 2025 estimated the land’s value at $1,300,000 to $1,600,000 a year (Stet News, 2 January 2026). The two sides dispute what those terms are worth and what each owes the other.
On 8 December 2025 a town memorandum raised the question of whether the town’s closed-door meetings of 2021 and 2022 about the developer’s proposal complied with Florida’s open-meetings law (Stet News, 2 January 2026). On 29 December 2025 the developer sued the Town of Lake Park, saying the town had failed to carry out its obligations under the leases. In an April 2026 counterclaim the town criticised the developer’s performance and said the Sunshine Law violations would void the leases; the developer’s pleadings, as quoted by Stet News, accuse the town of coordinating with the resident who sued over the same meetings to fabricate violations and force new terms (Stet News, 24 April and 13 August 2026).
🔴 On 7 August 2026 a Palm Beach County circuit judge entered a final judgment, on an agreement between the town and that resident, finding that the town violated the Sunshine Law in the 2021–22 meetings: eight closed-door meetings, five of them not recorded and six held after the state law allowing them was repealed on 2 October 2021. The judge declined to fine the town, calling the violations unintentional, and rejected a last-minute objection from the developer, which had sought to intervene (Stet News, 13 August 2026). Stet News reported that the town’s attorney was preparing a motion to throw out the developer’s lawsuit on the strength of that ruling. The developer disputes the town’s position, that separate case had not been decided when Stet reported, and I have not found a later report. None of the reports I read says the ruling affects title to any condominium home; they concern the town’s land and the second phase.
The liens
On 13 May 2026, Kast Construction filed an $11,400,000 lien against the property for labour, services and materials (The Real Deal, 10 June 2026). Forest’s complaint, as reported by Boca Post on 15 July 2026, says the claim was first recorded at about $14.6 million and later reduced to about $11.4 million. Subcontractor liens through June 2026 totalled roughly $2,900,000, and a further lien was recorded on 31 July 2026:
| 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 |
| Greenstone Construction (millwork; recorded 31 July 2026) | $600,305.66 |
🔴 Some of those subcontractor liens name the condominium unit owners as parties (The Real Deal, 10 June 2026). That is the sentence on this page that most directly concerns somebody who already owns here.
Greenstone Construction, LLC sued Forest Development on 21 August 2026 to enforce its lien, saying $600,305.66 of a $2,553,513.96 amenities-millwork contract is unpaid; the docket showed a streamlined case-management order on 27 August 2026, and the filing Boca Post reviewed did not include a response from Forest (Boca Post, 29 August 2026). Boca Post also reports, from Forest’s complaint against Kast, that a roofing and waterproofing subcontractor sued Forest on 15 June 2026 for roughly $1.2 million.
In the same reporting (The Real Deal, 10 June 2026), 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 (The Real Deal, 23 July 2026). 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. Boca Post (15 July 2026) adds, from the complaint, that the construction contract carried a guaranteed maximum price of about $242.1 million and that Kast is alleged not to have delivered unit lien waivers for the approximately 260 units Forest says it has sold.
Two days later Kast Construction countersued (The Real Deal, 23 July 2026). 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 (The Real Deal, 10 June 2026) — $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
Being sued by your contractor is not, by itself, 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, all of it read in full — 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 any buyer 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 29 August 2026 (the latest report I found, Boca Post on the Greenstone suit); I looked again on 24 September 2026 and found no later report on the Kast, Greenstone or town-lease cases. 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 large amenity package. The developer lists a bowling alley, a golf simulator, a soundproof music studio, a resort-style pool and a rooftop lap pool, private beach club access and a David Burke restaurant downstairs (PROFILEmiami, 26 March 2021; Florida YIMBY, 29 March 2026) — at a median recorded price of $1,360,650, or $812 per county square foot.
It suits a buyer who wants evidence. There are 266 recorded arm’s-length deeds counted here on 260 homes, all public in the county’s property pages. You can check what the home two floors up actually paid.
It suits badly a buyer who was told this is pre-construction. It has not been since construction began in 2022 (The Real Deal, 1 July 2022), and its certificate of occupancy was issued on 22 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 total 2026 market value and holds 99 of its 100 highest recorded 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, and where the dispute over the leases stands. 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 county’s 2026 market values sit at a median 82% of 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 (Stet News, 2 January 2026) and held its grand opening on 25 March 2026. Palm Beach County has split the whole declaration into 348 folios, and its property pages show 266 counted warranty deeds totalling $406,542,280 on 260 homes. 25 homes already carry a homestead exemption, which requires primary residence on 1 January 2026, ten days after the certificate of occupancy.
Is Nautilus 220 in West Palm Beach?
No. It is in the Town of Lake Park — a separate municipality of about 9,000 people, just north of Riviera Beach. All 348 county records read Lake Park.
What have units at Nautilus 220 sold for?
266 counted warranty deeds on 260 homes, totalling $406,542,280, at a median of $1,360,650 and ranging from $620,000 to $4,345,000 (county property pages, 24 September 2026). Homes on floors 20 to 24 run a median $1,826,000, about 51.5% above floors 3 to 8. Per square foot of the county’s “Total Square Feet” (which the county footnotes as possibly indicating living area), the median is $812: $1,065 on floors 20 to 24 against $731 on floors 3 to 8. The developer said in June 2026 that more than 250 purchasers had closed (The Real Deal, 10 June 2026).
How many units are in Nautilus 220?
The county records 325 homes on floors 3 to 24, plus 11 commercial units and 12 guest-suite parcels — 348 parcels in one declaration. ⚠️ The developer markets 330 residences (Forest Development and Oculus Realty, read 24 September 2026). I have not found a source that explains the five-unit gap, and the roll shows no second declaration. There is no second floor and no thirteenth floor in the county’s unit numbering.
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 2026 county market value of $7,242,225. The developer holds leases, signed in 2023 and 2024, to take it over, and those leases are in litigation with the town (see above). I have not found a source that says what residents are entitled to at the marina.
Have prices at Nautilus 220 gone up since it opened?
⚠️ Only a little can be said. The county’s property pages show six resales, 34 to 133 days after the first deed, at prices 25% to 70% above that deed. Six is too few to call a trend, and the record does not say why each price differs. The county’s open-data table keeps only the latest sale per parcel, so it cannot show this.
Is Nautilus 220 the most expensive building in Lake Park?
By a wide margin. Ninety-nine of the hundred highest residential prices recorded in the Town of Lake Park are Nautilus 220 units, and the highest home price recorded outside the building, setting aside one anomalous 2018 record, is $812,000 against Nautilus’s $4,345,000. Every other condominium parcel in Lake Park carries a 2026 market value of $348,000 or less. ⚠️ Commercial and multifamily deeds in the town are larger, so this is a residential comparison only.
What restaurants are at Nautilus 220?
SeaHawk Prime by David Burke and The Birdie Dockside Bar and Grill. Stet News reported on 12 February 2026 that both took their places in January 2026 (Birdie was to open formally in March), and the developer’s release of 25 March 2026 presents both as part of the grand opening. A third venue, Park Ave Cafe Coffee Counter & General Store, was slated to open in fall 2026; I have not found a source on whether it has.
Sources and further reading
- Palm Beach County Property Appraiser — individual property pages, all 348 NAUTILUS 220 CONDO parcels (Total Square Feet, bedrooms and bathrooms, the owner-of-record entity on the commercial and guest-suite parcels, and every parcel’s full sales history; one page read per parcel on 24 September 2026)pbcpao.gov
- Palm Beach County Property Appraiser — PROPINFO open-data parcel roll (the 348 NAUTILUS 220 CONDO parcels: use, year added, 2026 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; the full 3,252-parcel Town of Lake Park roll; retrieved 24 September 2026)pbcgov.org
- Stet News — “Nautilus developer sues Lake Park over marina lease”, 2 January 2026 (certificate of occupancy Dec. 22; 67 sales above $100 million so far; the site’s likely under-$35,000 tax yield in 2025; the developer’s 29 December 2025 suit; the 8 December town memo; lease terms; the consultant’s $1.3 million to $1.6 million a year; the town of about 9,000 north of Riviera Beach)stetnews.org
- Stet News — “Nautilus 220 opening depends on sewage lift station”, 3 November 2025 (the lift station as the main obstacle; editor’s note that the certificate of occupancy was granted 22 December; construction beginning shortly after the June 2022 loan; the $25 million second mortgage of March 2025; first closings in September and October 2025; the four 99-year leases at $75,000 a year each plus $1.2 million up front)stetnews.org
- Stet News — “‘Culinary prankster’ brings playfulness to Lake Park dining”, 12 February 2026 (SeaHawk Prime and Birdie took their place in January 2026; Birdie to open formally in March; “first Palm Beach County properties”; a certificate-of-occupancy date of Dec. 24 that differs from Stet’s other reports)stetnews.org
- Stet News — “For one small town, one big condo building means one big tax boost”, 1 June 2026 (preliminary 1 January values: Lake Park up 38.5% from $1.29 billion to $1.78 billion, the largest percentage increase of the county’s 39 municipalities, driven primarily by Nautilus 220, valued at $400.9 million)stetnews.org
- Stet News — “‘It’s a crime’: Judge presses Lake Park on Sunshine violations”, 24 April 2026 (the town’s admission in court; the developer allowed to intervene in a limited fashion; the developer’s pleading accusing the town of coordinating with the plaintiff; the town’s 3 April counterclaim)stetnews.org
- Stet News — “Lake Park concedes Sunshine Law violations”, 13 August 2026 (final judgment on the town’s 2021–22 closed-door meetings; eight meetings, five unrecorded, six after the law allowing them was repealed on 2 October 2021; no fine; the developer’s objection rejected; leases signed in 2023 and 2024; the town’s planned motion against the developer’s suit)stetnews.org
- The Real Deal — “Kast Construction hits Forest Development project with $11M lien”, 10 June 2026 (Kast’s $11.4 million lien of 13 May 2026; about $2.9 million of subcontractor liens, some citing the condominium owners; substantial completion 25 March 2026; residences from $1.4 million to $4.6 million; the two buyer deposit suits; “more than 250 purchasers have successfully closed”)therealdeal.com
- The Real Deal — “Forest Development, Kast Construction face off in legal battle over Lake Park condo”, 23 July 2026 (Forest’s 13 July suit; Kast’s countersuit two days later naming three lenders and unidentified condominium owners; residences from $1.4 million to $4.6 million)therealdeal.com
- Boca Post — “Boca Raton Developer Sues KAST Construction Over Nautilus 220 Condo Project”, 15 July 2026 (Forest’s complaint: guaranteed maximum price of about $242.1 million; Kast’s lien first recorded at about $14.6 million, later about $11.4 million; unit lien waivers not delivered for the approximately 260 units Forest says it has sold; a roofing subcontractor’s $1.2 million suit)bocapost.com
- Boca Post — “Boca Raton Developer Of Nautilus 220 Faces Lien Lawsuit Over Alleged Unpaid Millwork”, 29 August 2026 (Greenstone Construction v. Forest Development; $600,305.66 claimed; lien recorded 31 July 2026; complaint filed 21 August 2026; case-management order 27 August 2026)bocapost.com
- 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; more than 90 percent sold; R+N Architecture; Oculus Realty handling sales)floridayimby.com
- Business Development Board of Palm Beach County — developer release “Amenity-Driven Nautilus 220 Celebrates Grand Opening in Lake Park”, 25 March 2026 (over 90 percent sold; remaining residences from $1.3 million to over $4 million; the chef’s “first Florida restaurant”; guest suites; Park Ave Cafe slated for fall)bdb.org
- Nautilus 220 — developer’s website, read 24 September 2026 (“Nautilus 220 is complete and welcoming residents”; “a limited collection of premium waterfront residences remain”)nautilus220.com
- Oculus Realty — the developer’s sales partner, read 24 September 2026 (330 two- and three-bedroom residences of 1,500 to 3,400 total square feet; limited residences remaining from $1.3 million to over $4 million)oculus-realty.com
- Forest Development — contact page, read 24 September 2026 (address 220 Lake Shore Drive, Suite 350)forestdevelopment.com
- Florida YIMBY — “Forest Development And Royal Palm Companies Tops Off Construction On Nautilus 220 In Lake Park, Florida”, 7 November 2023 (topping off 3 November 2023; 80% sold; “in just over a year” to welcome residents; 1,500 to 3,400 sq ft; R+N Architecture; Kast Construction)floridayimby.com
- PROFILEmiami — “Forest Development Launches Sales at Nautilus 220 in Lake Park”, 26 March 2021 (sales launch; 330 residences; 1,500 to 3,400 sq ft; from the $700,000s; a marina with 100 slips for boats up to 100 feet; 12 guest suites; RDA Architects; groundbreaking then planned for autumn 2021, 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 as joint-venture partner; 60 percent presold; one- to three-bedroom, 1,100 to 3,400 sq ft; R+N Architecture; construction started in February, completion expected summer 2024)therealdeal.com
- PROFILEmiami — “Forest Development Closes On $269 Million Construction Loan For Palm Beach County Condo”, 5 July 2022 (one- to four-bedroom condos of 1,100 to 3,400 sq ft; 60% pre-sold; estimated completion in the second quarter of 2024)profilemiamire.com
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’s property pages show $406,542,280 of counted home deeds. 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.
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 is owned by the Town of Lake Park. The developer’s 2021 launch release described it as having 100 slips for boats up to 100 feet (PROFILEmiami, 26 March 2021); I have not found a current source for the slip count or for residents’ access (see the marina section above).
Nautilus 220 prices — what actually closed
Recorded figures from the Palm Beach County Property Appraiser’s property pages, read 24 September 2026.
| Recorded | |
|---|---|
| Homes with a recorded deed of any kind | 278 of 325 — 85.5% |
| Warranty deeds counted | 266, on 260 homes |
| Total consideration | $406,542,280 |
| Median | $1,360,650 |
| Mean | $1,528,354 |
| Range | $620,000 to $4,345,000 |
| Median per county square foot | $812 |
| Floors 3–8, median | $1,205,000 ($731 per sq ft) |
| Floors 20–24, median | $1,826,000 ($1,065 per sq ft) — 51.5% above the lower floors |
⚠️ Per-foot figures use the county’s “Total Square Feet”, which the county footnotes as possibly indicating living area. The developer’s sales office quotes residences from $1.3 million to over $4 million (Oculus Realty, read 24 September 2026); the lowest recorded price is $620,000.
I have sold South Florida property since 2002, more than $1 billion of it. Ask me for the recorded declaration, what has genuinely closed, or a straight answer on whether this building fits what you are after. Tell Josh which building. He’ll send the latest closed sales and set a quiet alert. Part of South Florida New Construction.Thinking about Nautilus 220?
Get this building’s next recorded sale — before the listing sites catch up
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