Two 24-story towers with 330 waterfront condos just held their grand opening on March 25. More than 90% of units are already sold, and celebrity chef David Burke's first Florida restaurant is now serving downstairs.
Key Takeaways
- Nautilus 220 spans 1.15 million square feet with 330 condos, ground-floor dining, retail, and office space.
- More than 90% of residences have been sold, with the remaining units priced between $3 million and $4.7 million.
- The project will generate $2 million in property tax revenue annually, roughly 16% of Lake Park's total budget.
Nautilus 220 held its official grand opening on March 25 in Lake Park, marking the completion of two 24-story towers with 330 condo residences along the Lake Park Harbor Marina. Developed by Forest Development and Royal Palm Companies, the project spans approximately 1.15 million square feet. More than 90% of residences are already sold, with a limited number of two and three-bedroom units still available.
The majority of pre-construction buyers came from New York, New Jersey, and the Boston area. Nautilus 220 is being watched as a test case for whether a historically middle-class town like Lake Park can sustain luxury pricing at this level.
What does Nautilus 220 offer?
Each residence features floor-to-ceiling windows, expansive terraces, and views of the marina, the Intracoastal Waterway, and the Atlantic Ocean. Ceiling heights are 10 feet throughout and 12.5 feet in the penthouses, with hurricane-impact glass standard.
As Larry Mastropieri noted on the Discover South Florida Podcast: "Riviera Beach overall is a little rougher historically. Lake Park is a little better. Ten-foot ceilings throughout are pretty good for condos."
Amenities: A one-acre outdoor deck, resort-style pool, rooftop lap pool, wellness plaza, putting green, club room, theater, billiards, bowling, off-leash dog run, guest suites, private beach club access, and a drone delivery pad on the amenity deck.
Larry also highlighted one of the more unusual features: "I'm seeing this more in some of these newer buildings. Some units in the condo building are managed by the association. If you have guests, they can rent these units out, and they operate like little hotel rooms."
Ground-floor dining: SeaHawk Prime by celebrity chef David Burke just opened as his first Florida restaurant. The Birdie Dockside Bar and Grill is also open, with Park Ave Cafe Coffee Counter and General Store expected this fall.
Interested in the remaining units at Nautilus 220 or other waterfront condos in North Palm Beach County? Talk to a West Palm Beach real estate agent who understands how marina-front pricing compares across the region. Reach out to The Mastropieri Group or call (561) 556-9853.
What is the pricing?
Pricing started in the mid-$700,000s during pre-construction. Remaining Sky Suites and Penthouses are now priced between $3 million and $4.7 million. Monthly HOA fees are estimated between $1,200 and $1,600.
For buyers who missed the pre-construction window, the remaining units are priced significantly higher than the original entry point. But what buyers get now is a completed building with operating amenities, confirmed neighbors, and a functioning neighborhood around them.
What's the bigger story behind this building?
Lake Park had to amend its comprehensive plan to allow 24-story towers. Previous regulations capped buildings at eight stories. This project required the town to fundamentally rethink what kind of development it wanted to allow.
The project nearly missed its opening. In late 2025, a delay at a sewage lift station threatened the certificate of occupancy. The town pressured the developers to resolve the issues before December 31 to ensure the project was added to the tax rolls in time. The CO came through on December 22, per WLRN.
Active litigation: There is also an ongoing legal dispute between the developer and the town over a marina lease and a reverter clause on public-use underwater land. Some marina-related permits are currently on hold as a result. Anyone purchasing should confirm the current status of that issue before closing.
What does this mean for Lake Park and buyers?
For the town, Nautilus 220 is projected to generate $2 million in property tax revenue annually, roughly 16% of Lake Park's $12 million budget. That kind of fiscal injection changes what a small town can fund and how it develops going forward. Local business leaders estimate a total regional economic impact of $750 million, supporting over 1,850 direct and indirect jobs.
For buyers watching North Palm Beach County: This project is being watched as a test case for luxury pricing in a historically middle-class town. If Nautilus 220 sustains its values and the remaining units sell at current prices, it could signal broader interest in waterfront product north of Palm Beach. We've covered similar Riviera Beach development activity in earlier reporting.
For prospective buyers: The marina litigation is the one variable worth watching. Until that dispute is resolved, certain marina-related permits and features remain on hold. Anyone purchasing should confirm the current status before closing.
FAQs about Nautilus 220
How many units are left at Nautilus 220?
More than 90% of the 330 residences are already sold. A limited number of two and three-bedroom units remain, along with Sky Suites and Penthouses priced between $3 million and $4.7 million.
What are the HOA fees at Nautilus 220?
Monthly HOA fees are estimated at $1,200 to $1,600, depending on unit size and floor.
What restaurants are at Nautilus 220?
SeaHawk Prime by celebrity chef David Burke is now open as his first Florida restaurant. The Birdie Dockside Bar and Grill is also open, with Park Ave Cafe Coffee Counter and General Store expected this fall.
Who developed Nautilus 220?
Forest Development (led by Peter Baytarian) and Royal Palm Companies co-developed the project. Kast Construction served as general contractor, with R+N Architecture handling design and Interiors by Steven G. Inc., leading interior design.
Is there any litigation affecting Nautilus 220?
Yes. There is an active legal dispute between the developer and Lake Park over a marina lease and a reverter clause on public-use underwater land. Some marina-related permits are currently on hold. Buyers should confirm the status before closing.
Local help for buyers in Lake Park and North Palm Beach
If you're buying, selling, or investing in Lake Park, North Palm Beach, Riviera Beach, or anywhere in Palm Beach County, understanding how waterfront condo pricing and marina access affect values matters. Reach out to The Mastropieri Group, Realtors®.
For practical, hands-on support across North Palm Beach County, call (561) 556-9853.
Posted by Larry Mastropieri
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