Chuck Whittall Of Unicorp National Developments Acquires 140-Unit Co-Op In West Palm Beach For $200M
2800 North Flagler Drive
$200,000,000
Building Size
—
Asset Type
Co-Op
Closing
Jul 9, 2026
AI
The La Fontana waterfront co-op, located at 2800 North Flagler Drive, is a co-op asset situated in the West Palm Beach market. The property comprises 140 units and is being acquired for a price reportedly nearing $200 million, resulting in a price per unit of approximately $1,428,571. This co-op, built in 1961, presents a significant opportunity for redevelopment as demand for waterfront properties continues to rise in South Florida.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $200,000,000
- Units: 140
- Price per Unit: $1,428,571
- Buyer: Chuck Whittall - Unicorp National Developments
- Broker: Christian Prakas - Serhant
- Market: West Palm Beach, FL
- Date of Transaction: 07/09/2026
Chuck Whittall is under contract to acquire the property, with the deal expected to close next year. Christian Prakas represents the buyer in this transaction. The property is positioned for potential redevelopment, reflecting trends in the South Florida market.
Players
West Palm Beach Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93