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389 S Lake Drive 3h, Palm Beach, FL 33480

$2,500,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,760 Lot Size (sq. ft.): 67,518 Status: Active
Current Price: $2,500,000 List Date: 2/02/2026 Last Modified: 2/19/2026

Description

MAJOR PRICE REDUCTION, BEST IN TOWN VALUE! Renovated to perfection, no cost spared. Full impact doors and windows, new kitchen with Carrara marble counters, new baths, and beautiful wide-plank wood floors throughout the main rooms. Views of the Intracoastal, Town Docks, and the building swimming pool. Conveniently located one street north of Worth Avenue on the corner of Peruvian Avenue and the Town Docks. The 389 Building is professionally managed with a full-time doorman and off-street parking. The building has undergone extensive quality enhancements, resulting in a new, more modern facade.

More Information MLS# R11159980

Contract Information

Comp Sale YN: No Listing Contract Date: 2026-02-02 Status: Active Original List Price: 3450000 List Price: $2,500,000 Current Price: $2,500,000

Location and Legal

County Or Parish: Palm Beach County Parish Name: Palm Beach City Name: Palm Beach Postal Zip: 33480 Geographic Area: PB30 Special Assessment YN: No Country: United States Street Number: 389 Street Direction Prefix: S Street Name: Lake Street Suffix: Drive Unit Number: 3h State Or Province: FL Postal Code: 33480 Subdivision Name: THREE EIGHTY NINE CORP LESSEE Area: 5002 Parcel Number: 50434327630003080 Zoning: R-D(2) Directions: Middle bridge turn right on S Lake Drive, turn left on Peruvian Ave

General Property Information

Total Units In Building: 41 Unit Floor #: 3 Living Area Main: 1760 Gated Community YN: No Lot Size Area: 67570 Senior Community YN: No Outdoor Living Spaces YN: Yes Furnished: Unfurnished Stories Total: 6 Pool Private YN: No Property Sub Type: Condominium Bedrooms Total: 2 Bathrooms Total: 2 Bathrooms Full: 2 Building Area Main: 1760 Building Area Source: Plans Year Built: 1967 Lot Size Acres: 1.55 Waterfront YN: 1 Direction Faces: Southwest

Financial Information

Association Deposit YN: No Application Required YN: Yes Association Membership: Mandatory Membership Fee Required YN: No Association YN: 1 Association Fee: 2587.46 Association Fee Frequency: Monthly Tax Annual Amount: 3657.34 Tax Year: 2025 Tax Legal Description: THREE EIGHTY NINE CORP LESSEE APT 3-H

Office/Member Information

DXORIGMLSID: RML

Application Fee Details

Application Fee Required: Yes Application Fee: 150

Amenities

Lobby: 1 None: 1

Association Fee Includes

Cable TV: 1 Common Areas: 1 Elevator: 1 Insurance: 1 Pest Control: 1 Trash: 1 Water: 1

Dining Area

Dining/Living Room: 1

Exterior Features

Outdoor Shower: 1

Flooring

Wood: 1

Parking Features

Open: 1

Property Condition

Resale: 1

Short Sale Details

Short Sale Addendum: No

Possession

Close Of Escrow: 1

Special Information

Sold As-Is: 1

Utilities

Water Available: 1

View

Pool: 1

Heating

Central: 1

Unit Description

Exterior Catwalk: 1

Water View

Intracoastal: 1

Appliances

Dishwasher: 1 Dryer: 1 Electric Range: 1 Free-Standing Freezer: 1 Ice Maker: 1 Microwave: 1 Washer: 1 Water Heater: 1

Construction Materials

CBS: 1

Interior Features

Bedroom Layout - Split: 1 Entrance Foyer: 1 Walk-In Closet(s): 1

Listing Terms

Cash: 1 Conventional: 1

Roof

Flat: 1

Security Features

Lobby - Attended: 1 Security System: 1 Security System Owned: 1 Smoke Detector(s): 1

Water Source

Public: 1

Waterfront Features

Intracoastal: 1

Water Heater Details

Electric Water Heater: 1

Cooling

Central Air: 1

Association Type

Co-Op: 1

Showing Requirements

Call Listing Agent: 1

Main Level Rooms

Main Level Bathrooms: 2 Main Level Bedrooms: 2

Master Bedroom/Bath

Combo Tub/Shower: 1

Pets Allowed YN

Yes: 1

Pets Allowed

Breed Restrictions: 1 Pet Restrictions Possible: 1 Number Limit: 1 Size Limit: 1

Pet Details

Other Pet Restrictions: 1 pet allowed, 25lb maximum

Restrictions

Parking Restrictions: 1

Other Leasing Restrictions

Leasing Prohibited 1st 2 Years: 1 Tenant Approval: 1

Storm Protection

Impact Glass: Complete

Tax Information

Homestead Exemption: 1

Showing Details

Pet(s) on Premises: No

Outdoor Living Spaces

Balcony: 1 Glass Enclosed: 1 Porch: 1

Room Types

Bedroom 2: 1 Bedroom 2 Level: Main Kitchen: 1 Kitchen Level: Main Living Room: 1 Living Room Level: Main Master Bedroom: 1 Master Bedroom Level: Main

Price Calculations

Current Price To SqFt: 1420.45

Acreage Description

1 To Less Than 2 Acre Lot: 1

Status Change Information

Major Change Timestamp: 2026-02-13T18:26:36Z Major Change Type: Price Reduced Price Change Timestamp: 2026-02-13T18:26:36Z Status Change Date: 2026-02-02

Originating Details

Originating System Key: 20260202155315934758000000 Originating System ID: M00000170

Property Features

Association Fee Includes: Cable TV; Common Areas; Elevator; Insurance; Pest Control; Trash; Water Dining Area: Dining/Living Room Exterior Features: Outdoor Shower Flooring: Wood Parking Features: Open Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Free-Standing Freezer; Ice Maker; Microwave; Washer; Water Heater Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Central Air Association Type: Co-Op Heating: Central Interior Features: Bedroom Layout - Split; Entrance Foyer; Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Breed Restrictions; Pet Restrictions Possible; Number Limit; Size Limit Possession: Close Of Escrow Restrictions: Parking Restrictions Other Leasing Restrictions: Leasing Prohibited 1st 2 Years; Tenant Approval Roof: Flat Security Features: Lobby - Attended; Security System; Security System Owned; Smoke Detector(s) Special Information: Sold As-Is Tax Information: Homestead Exemption Unit Description: Exterior Catwalk Utilities: Water Available View: Pool Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony; Glass Enclosed; Porch Room Types: Bedroom 2; Kitchen; Living Room; Master Bedroom Acreage Description: 1 To Less Than 2 Acre Lot

Room Information

Living Room Length: 27.00 Length: 27.00 Width: 17.00 Width: 17.00 Level: Main Kitchen Length: 0.00 Length: 0.00 Width: 0.00 Width: 0.00 Level: Main Master Bedroom Length: 17.00 Length: 17.00 Width: 14.00 Width: 14.00 Level: Main Bedroom 2 Length: 16.00 Length: 16.00 Width: 15.00 Width: 15.00 Level: Main
Listing Office: Brown Harris Stevens of PB
Last Updated: February - 19 - 2026
389 S Lake Drive 3h, Palm Beach, FL 33480- MLS# R11159980
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.