Waterfront
Address
389 S Lake Drive Phb, Palm Beach, FL
Price
$ 7,980,000
Property Attributes
- MLS#B26027444
- TypeSingle Family
- Listing Status Active
- CountyPalm Beach
- CityPalm Beach
- Area5002
- NeighborhoodTHREE EIGHTY NINE CORP LESSEE
- Zip33480
- Style
- Year Built1967
- Taxes$ 55480
- Price$ 7,980,000
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2443
- Lot Size1.55 Acres
Data Source:
Beaches MLS (FL)
Property Description
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.
| Elementary School | High School |
|---|---|
| Palm Beach Public Elementary School | Forest Hill High School |
| Price History | |
|---|---|
| 5/12/2026 | Listed $7,980,000 |
General Features
| Membership Required | false |
|---|---|
| Sewer | PublicSewer |
| Heating | Central,Individual |
| Cooling | CentralAir |
| Utilities | CableAvailable,ElectricityAvailable,SewerAvailable,WaterConnected |
| Possession | CloseOfEscrow |
| Roof | Other |
| Appliances | Cooktop,Dryer,Dishwasher,EnergyStarQualifiedRefrigerator,ElectricCooktop,ElectricRange,ElectricWaterHeater,Freezer,Disposal,IceMaker,Microwave,Oven,Refrigerator,WaterHeater,Washer |
| HOA Fee | 10500 |
| Association Fee Includes | CommonAreas,CableTv,Insurance,LegalAccounting,MaintenanceGrounds,MaintenanceStructure,PestControl,Pools,ReserveFund,Sewer,Security,Trash |
| Patio/Porch Features | Covered,Balcony |
| Architectural Style | Traditional |
| Pool Features | Association,Heated |
| Security Features | SecuritySystemOwned,SecuritySystem,BuildingSecurity,FireAlarm,FireSprinklerSystem,LobbySecured,PhoneEntry,SmokeDetectors,SecurityLights |
| Construction Materials | Block |
| Pets Allowed | DogsOk,PetRestrictions,Yes |
| Year Built | 1967 |
| View | Intercoastal,Marina,Water |
| Stories Count | 6 |
| Levels | One |
| Unit Number | Phb |
| Property Subtype | StockCooperative |
| Tax Year | 2025 |
| Waterfront Features | IntracoastalAccess |
| Community Features | PropertyManagerOnSite,StreetLights |
| Accessibility | None |
| Assoc Fee Paid Per | Quarterly |
| County | Palm Beach |
| New Construction | false |
| Property Type | Residential |
| Association Amenities | BikeStorage,Clubhouse,MaintenanceGrounds,Laundry,Management,Pool,Parking,Security,Sidewalks,Trash,Elevators |
| 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 |
| Virtual Tour | https://www.propertypanorama.com/389-S-Lake-Drive-Phb-Palm-Beach-FL-33480/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | StockCooperative |
| PostalCity | Palm Beach |
| Legal Description | THREE EIGHTY NINE CORP LESSEE PENTHOUSE B |
Interior Features
| Interior Amenities | BuiltInFeatures,Bathtub,EntranceFoyer,LivingDiningRoom,Pantry,SplitBedrooms,Storage,SoakingTub,SeparateShower,WalkInClosets |
|---|---|
| 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,StormWindows |
| Fireplace Y/N | false |
| Laundry Features | LaundryCloset,WasherDryerInstallAllowed |
| Total Bedrooms | 3 |
| Entry Level | 6 |
| Main Level Bedrooms | 3 |
| Main Level Bathrooms | 3 |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Balcony,OutdoorLivingArea |
|---|---|
| Parking Features | Assigned,Covered,Deeded,Guest |
| Lot Features | OneToTwoAcres,SprinklersAutomatic |
| Water Source | Public |
| Total Parking | 1 |
| Lot Size Area | 67570 |
| Building Area Total | 3337 |
| Lot Size Acres | 1.55 |
| Waterfront Y/N | true |
| Road Frontage Type | CityStreet |
| Road Responsibility | PublicMaintainedRoad |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33480
Price
Taxes
Year Built
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
