Updated Aug 8, 2025
Jacques Chappuis And Robbie Pratt Acquire Tavares Cove Mobile Home Parks In West Palm Beach For $28.07M
2315 Espana Real & 6189 Santa Catalina
$28,070,000
Building Size
—
Asset Type
Mobile Home
Closing
Aug 6, 2025
About this deal
AI
The transaction involved the sale of a 54-acre mobile home park located at 2315 Espana Real & 6189 Santa Catalina in West Palm Beach. The mobile home park, Tavares Cove I and II, features 377 lots and amenities including two clubhouses and two pools. The sale was completed on 08/06/2025 for a total price of $28,070,000.
Summary of transaction details:
- Property Type: Mobile Home Park
- Transaction Amount: $28,070,000
- Buyer: Jacques Chappuis - PGIM
- Buyer: Robbie Pratt - Havenpark Communities
- Seller: Lawrence M. Abramson & Sarajane Abramson Marell - The Ruth C. Abramson Trust
- Market: West Palm Beach
- Acres: 54
Jacques Chappuis represents PGIM, while Robbie Pratt represents Havenpark Communities in the transaction. The sellers, Lawrence M. Abramson and Sarajane Abramson Marell, are associated with The Ruth C. Abramson Trust. This marked the first sale of the community, which was built in the 1970s.
On the Map
$28,070,000
Mobile Home
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93