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389 S Lake Drive Phb, Palm Beach, FL 33480

New Listing
$7,980,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 3,337 Status: Active
Current Price: $7,980,000 List Date: 5/12/2026 Last Modified: 5/14/2026

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

Supplements: 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.

More Information MLS# B26027444

Contract Information

Comp Sale YN: No Listing Date: 2026-05-11 Status: Active Original List Price: 7980000 List Price: $7,980,000 Current Price: $7,980,000 Listing Service: Full Service

Location and Legal

County Or Parish: Palm Beach Municipality Type: Incorporated Municipal Code: 50 Geographic Area: PB30 Subdivision Number: 63 Special Assessment YN: No Flood Zone: AE Country: United States Street Number: 389 Street Direction Prefix: S Street Name: Lake Street Suffix: Drive Unit Number: Phb State Or Province: FL Postal Code: 33480 Postal Code +4: 4567 Subdivision Name: THREE EIGHTY NINE CORP LESSEE Area: 5002 Elementary School: Palm Beach Public High School: Forest Hill Parcel Number: 50434327630006020 Zoning: R-D(2) (city) Directions: On S. Lake Dr. on Intracoastal on corner of Peruvian Avenue

General Property Information

Unit Floor #: 6 Living Area Main: 2443 Living Area Source: Other Accessibility Features YN: No Gated Community YN: No Lot Size Area: 67570 Senior Community YN: No Outdoor Living Spaces YN: Yes Furnished: Unfurnished Land Lease YN: Yes Stories Total: 6 Stories: 6 Fireplace YN: No Pool Private YN: No Washer/Dryer Allowed YN: Yes LP/Assessed Value: 2.48 Property Sub Type: Stock Cooperative Bedrooms Total: 3 Bathrooms Total: 3 Bathrooms Full: 3 Building Area Main: 3337 Building Area Source: Other Year Built: 1967 Parking Total: 1 Lot Size Acres: 1.55 Waterfront YN: 1 Direction Faces: Southwest

Financial Information

Association Deposit YN: No Association Membership: Mandatory Association Email: 389frontoffice@gmail.com Master Association YN: No Estimated Monthly Assoc Recurring Fee: 63350 Membership Fee Required YN: No Tax Assessed/SOH Value: 3221020 Assessor Market Value: 4300000 Association YN: 1 Association Fee: 10500 Association Fee Frequency: Quarterly Tax Annual Amount: 55480.63 Tax Year: 2025 Tax Legal Description: THREE EIGHTY NINE CORP LESSEE PENTHOUSE B

Office/Member Information

DXORIGMLSID: RML

Amenities

Bike Storage: 1 Community Room: 1 Elevator(s): 1 Heated Pool: 1 Laundry: 1 Lobby: 1 Management: 1 Manager On Site: 1 Parking: 1 Pool: 1 Sidewalks: 1 Street Lights: 1 Trash Chute: 1

Association Amenities

Maintenance: 1 Security: 1

Association Fee Includes

Cable TV: 1 Common Areas: 1 Common Real Estate Tax: 1 Elevator: 1 Insurance: 1 Legal/Accounting: 1 Maintenance Grounds: 1 Maintenance Structure: 1 Pest Control: 1 Pool Service: 1 Reserve Funds: 1 Security: 1 Sewer: 1 Trash: 1

Dining Area

Dining/Living Room: 1

Flooring

Marble: 1 Mexican Tile: 1 Wood: 1

Parking Features

Assigned: 1 Covered: 1 Deeded: 1 Guest: 1

Property Condition

Resale: 1

Special Listing Conditions

Standard: 1

Structure Type

Multi Family: 1

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Special Information

Sold As-Is: 1

Utilities

Cable Available: 1 Electricity Available: 1 Sewer Available: 1 Water Connected: 1

View

Water: 1

Heating

Central Individual: 1

Sprinkler Description

Auto Sprinkler: 1

Water View

Intracoastal: 1 Marina: 1

Window Features

Blinds: 1 Drapes: 1 Sliding: 1 Storm Window(s): 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Electric Cooktop: 1 Electric Range: 1 ENERGY STAR Qualified Refrigerator: 1 Freezer: 1 Ice Maker: 1 Microwave: 1 Oven: 1 Refrigerator: 1 Washer: 1 Water Heater: 1 Cooktop: 1

Construction Materials

CBS: 1

Interior Features

Bedroom Layout - Split: 1 Built-in Features: 1 Entrance Foyer: 1 Pantry: 1 Storage: 1 Walk-In Closet(s): 1

Land Lease Information

Land Lease Amount: 179550 Land Lease Amount Frequency: Quarterly Land Lease Expiration Date: 2058-01-01 Land Lease Remarks: N/A

Laundry Features

Laundry Closet: 1

Levels

One: 1

Listing Terms

Cash: 1

Road Frontage Type

City Street: 1 East of US-1: 1

Road Responsibility

Public Maintained Road: 1

Roof

Other: 1

Security Features

Building Security: 1 Entry - Phone/Intercom: 1 Fire Alarm: 1 Fire Sprinkler System: 1 Lobby - Attended: 1 Security Lights: 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

Architectural Style

Traditional: 1

Boat and Dock Information

Dock: No

Cooling

Central Individual: 1

Association Type

Co-Op: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Call Listing Office: 1 Listing Agent Must Accompany: 1 Vacant: 1

Main Level Rooms

Main Level Bathrooms: 3 Main Level Bedrooms: 3

Main Living Area

Entry Level: 1

Master Bedroom/Bath

Separate Shower: 1 Separate Tub: 1

Pets Allowed YN

Yes: 1

Pets Allowed

Dogs OK: 1 Pet Restrictions Possible: 1

Pet Details

Pet Fee YN: No Other Pet Restrictions: 1 pet 25 lbs. max

Restrictions

Buyer Approval Required: 1 No Smoking: 1

Storm Protection

Impact Glass: Complete

Tax Information

City/County: 1

Showing Details

Pet(s) on Premises: No

Outdoor Living Spaces

Balcony: 1

Balcony Details

Balcony - Covered: 1

Room Types

Kitchen: 1 Living Room: 1 Master Bedroom: 1

Price Calculations

Current Price To SqFt: 3266.47

Acreage Description

1 To Less Than 2 Acre Lot: 1

Status Change Information

Major Change Timestamp: 2026-05-12T15:55:49Z Major Change Type: New Listing Status Change Date: 2026-05-12

Originating Details

Originating System Key: 20260508170834046214000000 Originating System ID: M00000170

Property Features

Association Amenities: Maintenance; Security Association Fee Includes: Cable TV; Common Areas; Common Real Estate Tax; Elevator; Insurance; Legal/Accounting; Maintenance Grounds; Maintenance Structure; Pest Control; Pool Service; Reserve Funds; Security; Trash Dining Area: Dining/Living Room Flooring: Marble; Mexican Tile; Wood Parking Features: Assigned; Covered; Deeded; Guest Property Condition: Resale Special Listing Conditions: Standard Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; ENERGY STAR Qualified Refrigerator; Freezer; Ice Maker; Microwave; Oven; Refrigerator; Washer; Water Heater; Cooktop Water Heater Details: Electric Water Heater Architectural Style: Traditional Construction Materials: CBS Cooling: Central Individual Association Type: Co-Op Heating: Central Individual Interior Features: Bedroom Layout - Split; Built-in Features; Entrance Foyer; Pantry; Storage; Walk-In Closet(s) Laundry Features: Laundry Closet Levels: One Listing Terms: Cash Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: Dogs OK; Pet Restrictions Possible Possession: Close Of Escrow Restrictions: Buyer Approval Required; No Smoking Road Frontage Type: City Street; East of US-1 Road Responsibility: Public Maintained Road Roof: Other Security Features: Building Security; Entry - Phone/Intercom; Fire Alarm; Fire Sprinkler System; Lobby - Attended; Security Lights; Security System; Security System Owned; Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Structure Type: Multi Family Tax Information: City/County Utilities: Cable Available; Electricity Available; Sewer Available; Water Connected View: Water Water Source: Public Water View: Intracoastal; Marina Waterfront Features: Intracoastal Window Features: Blinds; Drapes; Sliding; Storm Window(s) Showing Requirements: Appointment Only; Call Listing Agent; Call Listing Office; Listing Agent Must Accompany; Vacant Outdoor Living Spaces: Balcony Balcony Details: Balcony - Covered Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: 1 To Less Than 2 Acre Lot

Room Information

Kitchen Living Room Master Bedroom
Listing Office: Brown Harris Stevens of PB
Last Updated: May - 14 - 2026
389 S Lake Drive Phb, Palm Beach, FL 33480- MLS# B26027444
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