$1,900,000
Sold · April 16, 2026
389 S Lake Drive 3h
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
- $1,900,000
- Vs. list price
- 24% under
- Days on market
- 49
- Price per sq ft
- $1,080
This 2-bedroom condo in Three Eighty Nine Corp Lessee sold for $1,900,000 on April 16, 2026. That was 24% below its final list price of $2,500,000. It first came on the market at $3,450,000, so the price was adjusted before it sold. It spent 49 days on the market. At $1,080 per square foot, it closed 15.1% above the $938 median of the 5 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $1,900,000
- Sold On
- April 16, 2026
- Days on Site
- 49 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,760 sqft
- Total Sq Ft
- 1,760 sqft
- Lot Size
- 1.55 Acres
- Year Built
- 1967
- Property Type
- Condo
- MLS #
- R11159980
- Property Tax
- $3,657 (2025)
- HOA Fees
- $2,587 / Monthly
- Subdivision
- THREE EIGHTY NINE CORP LESSEE
- County
- Palm Beach
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 1967
- Property Condition
- Resale
- Number of Stories
- 6
- Garage Spaces
- 0
- Parking
- Open
- Direction Faces
- Southwest
- Lot Size (Acres)
- 1.55
- Living Sq Ft
- 1,760
- Total Sq Ft
- 1,760
- Water Source
- Public
- Zoning
- R-D(2)
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Free Standing Freezer / Ice Maker / Microwave / Water Heater / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Wood
- Interior Features
- Entrance Foyer / Living Dining Room / Split Bedrooms / Tub Shower / Walk In Closets
- Main Level Bedrooms
- 2
- Main Level Baths
- 2
- Total Rooms
- 4
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Roof
- Flat
- Exterior Features
- Balcony / Outdoor Living Area / Outdoor Shower
- Patio & Porch
- Glass Enclosed / Porch / Balcony
- Lot Features
- One To Two Acres
- Waterfront
- Yes
- Waterfront Features
- Intracoastal Access
- View
- Intercoastal / Pool
Community & HOA
- HOA Fee
- $2,587 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Insurance / Pest Control / Trash / Water
- Association Amenities
- None / Elevators
- Security
- Security System Owned / Security System / Lobby Secured / Smoke Detectors
- Utilities
- Water Available
- Pets Allowed
- Breed Restrictions / Number Limit / Pet Restrictions / Size Limit / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Lease2nd Year Owned / Parking Restrictions
- MLS Area
- 5002
Schools
- Elementary School
- Palm Beach Public
- High School
- Forest Hill
About the Community
- Homes for Sale
- 2
- Median List Price
- $5,365,000
- Median $/Sq Ft
- $2,452
- Avg Days on Market
- 80
Frequently Asked Questions
- How do I schedule a tour of 389 S Lake Drive 3h, Palm Beach, FL 33480?
- Use the Tour button on this listing to request a showing of 389 S Lake Drive 3h, 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 3h, Palm Beach, FL 33480 still available?
- 389 S Lake Drive 3h, Palm Beach, FL 33480 is currently listed as Sold, and has been on the market 49 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 3h, Palm Beach, FL 33480?
- With 20% down ($500,000) on the $2,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 389 S Lake Drive 3h, Palm Beach, FL 33480 is about $13,139/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 3h, 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 3h, 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 3h, Palm Beach, FL 33480 have an HOA fee?
- Yes: 389 S Lake Drive 3h, Palm Beach, FL 33480 carries an HOA fee of about $2,587 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 389 S Lake Drive 3h, Palm Beach, FL 33480?
- 389 S Lake Drive 3h, Palm Beach, FL 33480 is zoned for Palm Beach Public (elementary), Forest Hill (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 389 S Lake Drive 3h, Palm Beach, FL 33480?
- Often, yes. The right offer on 389 S Lake Drive 3h, 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 Brown Harris Stevens of PB
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.
$1,900,000
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Listed by Maureen R. Woodward, Brown Harris Stevens of PB
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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 $938 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$1,695,000
Sold · March 25, 2026
389 S Lake Drive 4f
2 bed · 2 bath · 1,452 sqft · $1,167/sqft
Sold$1,450,000
Sold · August 1, 2025
389 S Lake Drive 2f
2 bed · 2 bath · 1,703 sqft · $851/sqft
$300,000 under the asking price
See every recorded sale in Three Eighty Nine Corp Lessee or find out what your Three Eighty Nine Corp Lessee home is worth.
