ActiveMLS® B26027444
$7,980,000
389 S Lake Drive Phb, Palm Beach, FL 33480
- Beds
- 3
- Baths
- 3
- Sqft
- 2,443
- Home type
- Stock Cooperative
- Year built
- 1967
- Lot size
- 67,518 sqft
- Price / sqft
- $3,266
- HOA
- $63,350/mo
- Community
- THREE EIGHTY NINE CORP LESSEE
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.
Listing activity
- Days on market
- 141
- Listed
- May 11, 2026
- MLS listing updated
- 3 hours ago
- Feed last checked
- 3 minutes ago
Listed by Ashley Drew Copeland · Brown Harris Stevens of PB
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms
- 3
- Bathrooms
- 3
- Bathrooms (decimal)
- 3
- Full bathrooms
- 3
- Half bathrooms
- 0
- Main-level bedrooms
- 3
- Main-level bathrooms
- 3
Rooms & features
- Rooms
- 3
- Interior features
- Bedroom Layout - Split, Built-in Features, Entrance Foyer, Pantry, Storage, Walk-In Closet(s)
- Flooring
- Marble, Mexican Tile, Wood
- Appliances
- Electric Water Heater, Freezer, Electric Cooktop, Cooktop, Dishwasher, Disposal, Dryer, Electric Range, ENERGY STAR Qualified Refrigerator, Ice Maker, Microwave, Oven, Refrigerator, Washer, Water Heater
- Laundry
- Laundry Closet
- Fireplace
- No
- Furnished
- Unfurnished
- Window features
- Blinds, Drapes, Sliding, Storm Window(s)
Heating & cooling
- Heating
- Central Individual
- Cooling
- Central Individual
Property
Parking
- Garage
- No
- Carport
- No
- Parking spaces
- 1
- Covered spaces
- 0
- Parking features
- Assigned, Covered, Deeded, Guest
- Attached garage
- No
Exterior
- Stories
- 6
- Building area
- 3,337 sqft
- Exterior features
- Balcony
- Pool
- No
- View
- Marina, Intracoastal, Water
- Waterfront
- Intracoastal
- Waterfront property
- Yes
Lot
- Lot size
- 67,518 sqft
- Lot size (acres)
- 1.55 acres
- Zoning
- R-D(2) (city)
- Road frontage
- City Street, East of US-1
- Road responsibility
- Public Maintained Road
Construction
Type & style
- Home type
- Stock Cooperative
- Structure type
- Multi Family
- Architectural style
- Traditional
- Year built
- 1967
- New construction
- No
Materials
- Construction
- CBS
- Roof
- Other
- Property condition
- Resale
- Levels
- One
- Faces
- Southwest
Utilities & green energy
Utilities
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Available, Electricity Available, Sewer Available, Water Connected
Community & HOA
Community
- Subdivision
- THREE EIGHTY NINE CORP LESSEE
- MLS area
- 5002
- MLS subarea
- PB30
- Security
- Building Security, Entry - Phone/Intercom, Fire Alarm, Fire Sprinkler System, Lobby - Attended, Security Lights, Security System, Security System Owned, Smoke Detector(s)
- Pets allowed
- Dogs OK, Pet Restrictions Possible, Yes
- 55+ community
- No
Association
- Has association
- Yes
- Association fee
- $10,500 quarterly
- Estimated monthly dues
- $63,350
- Amenities
- Security, Maintenance, Pool, Bike Storage, Community Room, Elevator(s), Heated Pool, Laundry, Lobby, Management, Manager On Site, Parking, Sidewalks, Street Lights, Trash Chute
- Services included
- Pool Service, Cable TV, Common Areas, Common Real Estate Tax, Elevator, Insurance, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Reserve Funds, Security, Sewer, Trash
Lease details
Not reported by the listing source.
Location
Area details
- City
- Palm Beach
- County
- Palm Beach
- ZIP code
- 33480
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- B26027444
- Possession
- Close Of Escrow
- Original list price
- $7,980,000
- Parcel number
- 50434327630006020
- Annual property tax
- $55,480.63
- Tax year
- 2025
- Assessed value
- $3,221,020
- Tax legal description
- THREE EIGHTY NINE CORP LESSEE PENTHOUSE B
- Special listing conditions
- Standard
Additional MLS details
Reported by the listing source
- Association Amenities
- Security, Maintenance, Pool, Bike Storage, Community Room, Elevator(s), Heated Pool, Laundry, Lobby, Management, Manager On Site, Parking, Sidewalks, Street Lights, Trash Chute
- Association Fee Frequency
- Quarterly
- Association Fee Includes
- Pool Service, Cable TV, Common Areas, Common Real Estate Tax, Elevator, Insurance, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Reserve Funds, Security, Sewer, Trash
- Association
- Yes
- Bathrooms Total Decimal
- 3
- Bathrooms Total Integer
- 3
- Building Area Total
- 3337
- Construction Materials
- CBS
- County Or Parish
- Palm Beach
- Days On Market
- 141
- Direction Faces
- Southwest
- Elementary School
- Palm Beach Public
- High School
- Forest Hill
- Laundry Features
- Laundry Closet
- List Price
- 7980000
- Listing Contract Date
- 2026-05-11
- Living Area
- 2443
- Lot Size Acres
- 1.55
- Lot Size Area
- 67570
- MLSArea Major
- 5002
- MLSArea Minor
- PB30
- Main Level Bathrooms
- 3
- Main Level Bedrooms
- 3
- Mls Status
- Active
- On Market Date
- 2026-05-12
- Parking Total
- 1
- Photos Count
- 39
- Postal Code
- 33480
- Property Sub Type
- Stock Cooperative
- Property Type
- Residential
- Road Frontage Type
- City Street, East of US-1
- Rooms Total
- 3
- Security Features
- Building Security, Entry - Phone/Intercom, Fire Alarm, Fire Sprinkler System, Lobby - Attended, Security Lights, Security System, Security System Owned, Smoke Detector(s)
- Senior Community
- No
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-05-12T15:55:49Z
- Stories Total
- 6
- Subdivision Name
- THREE EIGHTY NINE CORP LESSEE
- Tax Assessed Value
- 3221020
- Water Source
- Public
- Waterfront Features
- Intracoastal
- Tax Annual Amount
- 55480.63
- Bathrooms Full
- 3
- Pool Private
- No
- Bedrooms Total
- 3
- Bathrooms Half
- 0
- Financial Information: Estimated Monthly Assoc Recurring Fee
- 63350
Market value
Price history
| Date | Event | Price |
|---|---|---|
| May 11, 2026 | ListedBeachesMLS | $7,980,000$3,266/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $55,481 | $3,221,020 |
Payment calculator
Estimated monthly payment$113,370/moIllustrative estimate, not a loan offer.
- Principal & interest
- $41,407
- Property taxes
- $4,623
- Insurance
- $3,990
- Association dues
- $63,350
Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.
Neighborhood
Area
THREE EIGHTY NINE CORP LESSEEPalm Beach · Palm Beach County · 33480
Climate risk
—No licensed climate-risk source is connected.
Nearby schools
Palm Beach PublicElementary
—Forest HillHigh
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