389 S Lake Drive, Unit PhbPalm Beach, FL 33480MLS Number B26027444

Price: $7,980,000
Est. Mortgage of $/month
50 Days on Market

Absolutely breathtaking panoramic views of the Intracoastal Waterway await from the expansive wraparound terraces of this exceptional penthouse, offering some of the finest vistas in Palm Beach. Rarely available, this elegant 3-bedroom, 3-bath residence lives like a private home and showcases timeless architectural details, including beautiful herringbone wood flooring throughout. Designed for both gracious entertaining and relaxed coastal living, every room opens to idyllic terraces with stunning water views. The handsome wood-paneled den, complete with a full bath and oversized walk-in closet, easily serves as a third bedroom or private office. Additional features include soaring ceilings, a spacious kitchen, impact sliding doors, and a convenient laundry closet. Ideally located at prestigious 389 South Lake, just one street from Worth Avenue, this remarkable residence is within walking distance to world-class shopping, fine dining, and the beach.

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Basic Information

Unit NumberPhb

Parking

Parking Features Assigned, Covered, Deeded, Guest
Parking Total 1

Location

Address389 S Lake Drive
Area5002
Building Number389
CountyPalm Beach
StateFL
StreetS Lake Drive
SubdivisionThree Eighty Nine Corp Lessee
TownPalm Beach
Zip33480

Exterior

Exterior Features Balcony, Outdoor Living Area
RoofOther

Property Information

Acreage1.55
Land Lease Amount 179,550
Land Lease Amount Frequency Quarterly
Land Lease YN Yes
Lot Features 1-2 Acres, Sprinklers Automatic
Patio And Porch Features Covered, Balcony
Property Condition Resale
Property Sub Type Additional Stock Cooperative
Property View DescriptionIntercoastal, Marina, Water
Square Feet2,443
View YN Yes

Tax Information

Tax Legal Description THREE EIGHTY NINE CORP LESSEE PENTHOUSE B
Tax Year 2025
Taxes$55,480

Basic Information

List Price$7,980,000
MLS NumberB26027444
Modification Date06/25/2026
Property SubTypeStock Cooperative
Property TypeResidential
StatusACT
Virtual TourView Tour

Interior

Flooring Marble, Tile, Wood
Furnished Unfurnished

Utilities

Heat SystemCentral, Individual
Heating YN Yes
Utilities Cable Available, Electricity Available, Sewer Available, Water Connected
Waste Water DisposalPublic Sewer

Water Body

Water AccessPublic
Water FeaturesIntracoastal Access
WaterfrontYes

Legal

Parcel Number 50434327630006020
Universal Parcel Id urn:reso:upi:2.0:US:12099:50434327630006020

Other

Association Fee Frequency Quarterly
Association YN Yes
Date Listed05/12/2026
Fees$10,500
Green Energy Efficient Appliances
Possession Close Of Escrow
Special Listing Conditions Standard, Listed As-Is

School Information

Elementary SchoolPalm Beach Public
High SchoolForest Hill

Rooms

Bathroom3
Bedrooms3
Full Bath3
Laundry Features Laundry Closet, Washer Dryer Install Allowed
Main Level Bathrooms 3
Main Level Bedrooms 3

Building

Building ConstructionBlock
Entry Level 6
Property StyleTraditional
Stories1
Structure Type Multi Family
Window Features Blinds, Drapes, Sliding, Storm Window(s)
Year Built1967

Amenities

Amenities
- Bike Storage
- Clubhouse
- Elevator(s)
- Laundry
- Maintenance Grounds
- Management
- Parking
- Pool
- Security
- Sidewalks
- Trash
Appliances IncludedCooktop, Dryer, Dishwasher, ENERGY STAR Qualified Refrigerator, Electric Cooktop, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
Association Fee Includes
- Cable TV
- Common Areas
- Insurance
- Legal/Accounting
- Maintenance Grounds
- Maintenance Structure
- Pest Control
- Pool(s)
- Reserve Fund
- Security
- Sewer
- Trash
Community Features Property Manager On-Site, Street Lights
Cooling Central Air
Cooling YN Yes
Other AmenitiesPool, Waterfront, Water View
PetsDogs OK, Pet Restrictions, Yes
Pool Features Association, Heated
Security Features Security System Owned, Security System, Building Security, Fire Alarm, Fire Sprinkler System, Lobby Secured, Phone Entry, Smoke Detector(s), Security Lights

Based on information submitted to BeachesMLS as of June 30, 2026 8:28 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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389 S Lake Drive, Unit PhbPalm Beach, FL 33480MLS Number B26027444

$/month over payments

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389 S Lake Drive, Unit PhbPalm Beach, FL 33480MLS Number B26027444

$/month over payments

Share

Driving Directions

Your Local Office

Ask A Question

Call:

More Info

Basic Information

Parking

Location

Exterior

Property Information

Tax Information

Basic Information

Interior

Utilities

Water Body

Legal

Other

School Information

Rooms

Building

Amenities

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