$1,450,000
Sold · August 1, 2025
389 S Lake Drive 2f
Palm Beach, FL 33480
Explore the area: Palm Beach homes for sale · Palm Beach County real estate
Sale Summary
What this home sold for
- Sold price
- $1,450,000
- Vs. list price
- 17.1% under
- Days on market
- 72
- Price per sq ft
- $851
This 2-bedroom condo in Three Eighty Nine Corp Lessee sold for $1,450,000 on August 1, 2025. That was 17.1% below its final list price of $1,750,000. It first came on the market at $1,999,000, so the price was adjusted before it sold. It spent 72 days on the market. At $851 per square foot, it closed 21.2% below the $1,080 median of the 5 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $1,450,000
- Sold On
- August 1, 2025
- Days on Site
- 72 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,703 sqft
- Total Sq Ft
- 1,703 sqft
- Lot Size
- 1.55 Acres
- Year Built
- 1967
- Property Type
- Condo
- MLS #
- R11063649
- Property Tax
- $5,555 (2024)
- HOA Fees
- $2,800 / Monthly
- Subdivision
- THREE EIGHTY NINE CORP LESSEE
- County
- Palm Beach
- Status
- Sold
About This Property
This elegant two-bedroom, two-bath condo is pet-friendly and located in the heart of Palm Beach, just steps from Worth Ave shopping and dining. Building is directly across from the state-of-the-art Palm Beach Marina. Featuring soaring 9-foot ceilings, the residence is bathed in natural light and offers stunning views of the surrounding area. Situated in a full-service building with pool and 24-hour doorman, this unit also includes one assigned parking space. This prime location offers the perfect blend of luxury, convenience, and coastal living.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 1967
- Property Condition
- Resale
- Number of Stories
- 6
- Garage Spaces
- 0
- Parking
- Assigned
- Direction Faces
- South
- Lot Size (Acres)
- 1.55
- Living Sq Ft
- 1,703
- Total Sq Ft
- 1,703
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- R-D(2)
Interior Features
- Appliances
- Dishwasher / Electric Range / Free Standing Freezer / Disposal / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Ceramic Tile
- Interior Features
- Bathtub / Elevator / Storage / Soaking Tub
- Main Level Bedrooms
- 2
- Main Level Baths
- 2
- Total Rooms
- 3
- Furnished
- Unfurnished
Exterior Features
- Construction
- Concrete
- Exterior Features
- Balcony / Outdoor Living Area
- Patio & Porch
- Balcony
- Lot Features
- One To Two Acres
- Waterfront Features
- None
Community & HOA
- HOA Fee
- $2,800 / Monthly
- Association Amenities
- Elevators / Trails
- Security
- Fire Sprinkler System
- Utilities
- Cable Available / Sewer Available / Water Available
- Pets Allowed
- Size Limit / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Buyer Approval Required / No Lease2nd Year Owned / No Commercial Vehicles / No Motorcycles / No Truck
- MLS Area
- 5002
About the Community
- Homes for Sale
- 2
- Under Contract
- 0
- Median List Price
- $5,365,000
- Median $/Sq Ft
- $2,452
- Avg Days on Market
- 82
Frequently Asked Questions
- How do I schedule a tour of 389 S Lake Drive 2f, Palm Beach, FL 33480?
- Use the Tour button on this listing to request a showing of 389 S Lake Drive 2f, Palm Beach, FL 33480. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 389 S Lake Drive 2f, Palm Beach, FL 33480 still available?
- 389 S Lake Drive 2f, Palm Beach, FL 33480 is currently listed as Sold, and has been on the market 72 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 389 S Lake Drive 2f, Palm Beach, FL 33480?
- With 20% down ($350,000) on the $1,750,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 389 S Lake Drive 2f, Palm Beach, FL 33480 is about $9,197/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 389 S Lake Drive 2f, Palm Beach, FL 33480?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 389 S Lake Drive 2f, Palm Beach, FL 33480. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 389 S Lake Drive 2f, Palm Beach, FL 33480 have an HOA fee?
- Yes: 389 S Lake Drive 2f, Palm Beach, FL 33480 carries an HOA fee of about $2,800 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- Can I negotiate the price of 389 S Lake Drive 2f, Palm Beach, FL 33480?
- Often, yes. The right offer on 389 S Lake Drive 2f, Palm Beach, FL 33480 depends on how it's priced against comparable condo sales in Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of William Raveis Real Estate
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 1, 2026.
$1,450,000
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Listed by Shirley M. Wyner, William Raveis Real Estate
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Recent Sales
Recently sold homes in Three Eighty Nine Corp Lessee
These are the last 5 recorded closings in Three Eighty Nine Corp Lessee, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,080 per square foot. The most recent closed on May 21, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,250,000
Sold · May 21, 2026
389 S Lake Drive 5d
2 bed · 2 bath · 1,414 sqft · $884/sqft
$250,000 under the asking price
Sold$7,350,000
Sold · April 20, 2026
389 S Lake Drive Pha
2 bed · 2.5 bath · 2,100 sqft · $3,500/sqft
$600,000 under the asking price
Sold$1,650,000
Sold · April 17, 2026
389 S Lake Drive 2h
2 bed · 2 bath · 1,760 sqft · $938/sqft
$150,000 under the asking price
Sold$1,900,000
Sold · April 16, 2026
389 S Lake Drive 3h
2 bed · 2 bath · 1,760 sqft · $1,080/sqft
$600,000 under the asking price
Sold$1,695,000
Sold · March 25, 2026
389 S Lake Drive 4f
2 bed · 2 bath · 1,452 sqft · $1,167/sqft
See every recorded sale in Three Eighty Nine Corp Lessee or find out what your Three Eighty Nine Corp Lessee home is worth.
