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2800 North Flagler Drive

Chuck Whittall Of Unicorp National Developments Acquires 140-Unit Co-Op In West Palm Beach For $200M
SOLDCo-Op

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

Christian Prakas

Serhant

Broker

$200M

vol

1 deal

Broker
Serhant
SerhantBrokerage
Chuck Whittall

Chuck Whittall

Unicorp National Developments

Buyer

$472M

vol

9 deals

Buyer

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