389 S Lake Drive Phb Palm Beach, FL $ 7,980,000
389 S Lake Drive Phb
$ 7,980,000
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389 S Lake Drive Phb

Palm Beach, FL, 33480
$ 7,980,000
Bedrooms3 Baths3.0 Sq 2,443

Monthly Estimate*

$ 49,134

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Co-Op for sale in Palm Beach, FL

for $7,980,000 with 3 bedrooms and 3 full baths. This 2,443 square foot home was built in 1967 on a lot size of 1.55.

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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Co-Op Active

Price

$ 7,980,000

Bedrooms

3

Full Bath

3

Property Type

Co-Op

Taxes

$ 55,480

Style

Lot Size

1.55

Year Built

1967

Town/City

Palm Beach

County/Region

Palm Beach

MLS | Web ID

B26027444

Features
General
Sewer Public Sewer
Heating Central Individual
Cooling Central Air
Utilities Cable Available Electricity Available Sewer Available Water Connected
Possession Close Of Escrow
Roof Other
Appliances Cooktop Dryer Dishwasher ENERGY STAR Qualified Refrigerator Electric Cooktop Electric Range Electric Water Heater Freezer Disposal Ice Maker Microwave Oven Refrigerator Water Heater Washer
HOA Fee 10500
Association Fee Includes Common Areas Cable TV Insurance Legal/Accounting Maintenance Grounds Maintenance Structure Pest Control Pool(s) Reserve Fund Sewer Security Trash
Patio/Porch Features Covered Balcony
Architectural Style Traditional
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
Construction Materials Block
Pets Allowed Dogs OK Pet Restrictions Yes
Year Built 1967
View Intercoastal Marina Water
Stories Count 6
Levels One
Unit Number Phb
Property Subtype Stock Cooperative
Tax Year 2025
Waterfront Features Intracoastal Access
Community Features Property Manager On-Site Street Lights
Accessibility None
Assoc Fee Paid Per Quarterly
County Palm Beach
New Construction false
Property Type Residential
Association Amenities Bike Storage Clubhouse Maintenance Grounds Laundry Management Pool Parking Security Sidewalks Trash Elevator(s)
Energy Efficient Appliances
Subdivision Name THREE EIGHTY NINE CORP LESSEE
Facing Direction Southwest
Garage Y/N false
Full Baths 3
Status Active
Directions On S. Lake Dr. on Intracoastal on corner of Peruvian Avenue
High School Forest Hill
City Palm Beach
Land Lease Amount 179550
Senior Community Y/N false
MLS Area 5002
Carport Y/N false
Elementary School Palm Beach Public
Land Lease Y/N true
Tax Annual Amount 55480.63
Property Condition Resale
Standard Status Active
Property Sub Type Additional Stock Cooperative
Legal Description THREE EIGHTY NINE CORP LESSEE PENTHOUSE B
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Interior
Interior Amenities Built-in Features Bathtub Entrance Foyer Living/Dining Room Pantry Split Bedrooms Storage Soaking Tub Separate Shower Walk-In Closet(s)
Flooring Marble Tile Wood
Furnished Y/N Unfurnished
Total Stories 6
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Drapes Sliding Storm Window(s)
Fireplace Y/N false
Half Baths 0
Laundry Features Laundry Closet Washer Dryer Install Allowed
Total Bedrooms 3
Entry Level 6
Main Level Bedrooms 3
Main Level Bathrooms 3
Total Baths 3
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Exterior
Exterior Amenities Balcony Outdoor Living Area
Parking Features Assigned Guest
Lot Features Sprinklers Automatic
Water Source Public
Total Parking 1
Lot Size Area 67570
Building Area Total 3337
Lot Size Acres 1.55
Waterfront Y/N true
Covered Spaces 0
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Ashley Copeland

Listing Agent

Affordability Calculator

$53,758
Per Month
91%
9%
0%
Monthly Principal & Interest
$49,134
Monthly Property Taxes
$4,623
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4820236 Elementary School
2156661 Middle School
Forest Hill High School High School
Pricing History
DatePricePrice ChangeDescription
5/12/2026$7,980,000 Listed Price

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389 S Lake Drive Phb, Palm Beach, FL, 33480 is a Co-Op for sale at $7,980,000 with 2,443 sqft and a lot size of 1.55. 389 S Lake Drive Phb has 3 bedrooms, 3.0 baths, and was built in 1967. The property's zip code is 33480 which is in Palm Beach, FL