Condo (co-op) in 389 S Lake Drive Phb, Palm Beach, FL 33480 for sale with MLS# B26027444
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.
389 S Lake Drive Phb, Palm Beach, FL 33480
Price
- Price:
- $7,980,000.00
- Original List Price:
- $7,980,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $3,266.47
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential
- Property Type:
- Co-Op Stock Cooperative
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- May 12, 2026 3:55 pm
- Other Special Conditions:
- Sold As-is
Rooms Distribution
- Bedrooms:
- 3
- Bathrooms Total:
- 3
- Full Bath:
- 3
- Room Type:
- Kitchen, Living Room, Master Bedroom
- Rooms Total:
- 3
- Master Bedroom Bath:
- Separate Shower, Separate Tub
- Dining Area:
- Dining/Living Room
Measures
- Living Area:
- 2,443 Sqft
- Built-Up Area:
- 3,337 Sqft
- Building Area Source:
- Other
- Living Area Source:
- Other
- Lot Size Acres:
- 1.55
Property Features
- View from the Property:
- Water, Marina, Intracoastal
- Waterfront:
- Yes
- Waterfront Features:
- Intracoastal
- Security:
- Smoke Detector(s), Fire Sprinkler System, Security System, Security System Owned, Security Lights, Building Security, Fire Alarm, Building Security, Lobby - Attended, Entry - Phone/intercom
- Furnished:
- Unfurnished
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Cooktop, Freezer, Electric Range, Electric Water Heater, Ice Maker, Water Heater, Oven, Energy Star Qualified Refrigerator, Electric Cooktop
- Interior:
- Pantry, Walk-In Closet(s), Entrance Foyer, Built-in Features, Storage, Bedroom Layout - Split
- Exterior:
- Balcony
- Windows:
- Blinds, Drapes, Sliding, Storm Window(s)
- Laundry:
- Laundry Closet
- Air Conditioning
- Air Conditioning System:
- Central Individual
- Heating
- Heating System:
- Central Individual
- Property Entrance Faces:
- Southwest
- Road Responsibility:
- Public Maintained Road
- Balcony Details:
- Balcony - Covered
- Storm Protection Impact Glass:
- Complete
- Sprinkler Description:
- Auto Sprinkler
Construction
- Year Built:
- 1967
- Roof:
- Other
- Architectural Style:
- Traditional
- Levels:
- One
- Construction Materials:
- CBS
- Flooring:
- Wood, Marble, Mexican Tile
- Number of stories:
- 6
- Structure Type:
- Multi Family
- Stories:
- 6
- Road Frontage Type:
- City Street, East of US-1
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $55,480.63
- Tax Year:
- 2025
- Tax Assessed Value:
- $3,221,020.00
- Association Fee:
- $10,500.00
- Association Fee Frequency:
- Quarterly
- Property Tax Details:
- City/County
Parking
- Parking Total Spaces:
- 1
- Covered Spaces:
- 0
- Parking Features:
- Covered, Assigned, Guest, Deeded
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available, Electricity Available, Sewer Available, Water Connected
- Water Source:
- Public
Community
- Association
- Association Membership:
- Mandatory
- Association Type:
- Co-op
- Pets Allowed?:
- Yes, Dogs Ok, Pet Restrictions Possible
- Amenities Provided by the Homeowner's Association (HOA):
- Heated Pool, Pool, Community Room, Trash Chute, Bike Storage, Laundry, Management, Maintenance, Security, Elevator(s), Sidewalks, Parking, Manager On Site, Street Lights, Lobby
- Subdivision Name:
- THREE EIGHTY NINE CORP LESSEE
- Association Fee Includes:
- Maintenance Grounds, Sewer, Trash, Cable Tv, Pest Control, Security, Maintenance Structure, Common Areas, Insurance, Legal/accounting, Elevator, Common Real Estate Tax, Reserve Funds, Pool Service
- Senior Community:
- No
- Restrictions:
- Buyer Approval Required, No Smoking
Terms
- Listing Terms Considered by Seller:
- Cash
- Buyer Possession:
- Close Of Escrow
Zoning and Legal
- Tax Legal Description:
- THREE EIGHTY NINE CORP LESSEE PENTHOUSE B
- Real Estate Folio Number (Parcel Number):
- 50434327630006020
- Zoning:
- R-D(2) (city)
Public Schools Assigned
- Elementary School:
- Palm Beach Public
- High School:
- Forest Hill
Listing History
- Active on the market since:
- May 12, 2026
- Listing Agreement executed on:
- May 11, 2026
- Listing Status Last Changed On:
- May 12, 2026 3:55 pm
- Photos updated on:
- May 18, 2026 4:33 pm
- Last Modified:
- May 31, 2026 9:07 pm
Additional Information
- Courtesy of:
- Brown Harris Stevens of PB
- Attribution:
- Not provided
Location
- Street Name:
- Lake
- Street Number:
- 389
- Unit Number:
- Phb
- City:
- Palm Beach
- State:
- Florida
- Zip Code:
- 33480
- County:
- Palm Beach
- Latitude:
- N26° 42' 7.4''
- Longitude:
- W81° 57' 25.5''
- Street Suffix:
- Drive
- Street Direction Prefix:
- S
Property Map
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$151,121
Median Home Value
$1,218,500
Median Rent
$1,840/mo
Median Age
69
Population
10,901
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