$1,600,000
Sold · January 15, 2026
389 S Lake Drive 4h
Palm Beach, FL 33480
THREE EIGHTY NINE CORP LESSEE 389 S LAKE DR PALM B
Explore the area: Palm Beach homes for sale · Palm Beach County real estate
Sale Summary
What this home sold for
- Sold price
- $1,600,000
- Vs. list price
- 8.6% under
- Days on market
- 147
- Price per sq ft
- $1,015
This 2-bedroom condo in ZIP 33480 sold for $1,600,000 on January 15, 2026. That was 8.6% below its final list price of $1,750,000. It first came on the market at $1,950,000, so the price was adjusted before it sold. It spent 147 days on the market. At $1,015 per square foot, it closed 337.5% above the $232 median of the 3 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $1,600,000
- Sold On
- January 15, 2026
- Days on Site
- 147 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 1,577 sqft
- Total Sq Ft
- 1,577 sqft
- Year Built
- 1967
- Property Type
- Condo
- MLS #
- R11091330
- Property Tax
- $9,725 (2024)
- HOA Fees
- $2,787 / Monthly
- Subdivision
- THREE EIGHTY NINE CORP LESSEE 389 S LAKE DR PALM B
- County
- Palm Beach
- Status
- Sold
About This Property
Corner fourth floor residence at 389 S Lake with water views! Pristine and renovated with high ceilings, gracious living spaces. Beautiful light filled condo with essentially 2 primary bedrooms. A full service, pet friendly building with full time manager, pool, 24 hour door person. This residence comes with the best covered parking space in the building. Chandelier in living area does not convey
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 1967
- Property Condition
- Resale
- Number of Stories
- 6
- Garage Spaces
- 1
- Parking
- Covered / Garage
- Direction Faces
- South
- Living Sq Ft
- 1,577
- Total Sq Ft
- 1,577
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RD-2
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Marble
- Interior Features
- Dual Sinks / Entrance Foyer / Split Bedrooms / Walk In Closets
- Laundry
- Inside
- Main Level Bedrooms
- 2
- Main Level Baths
- 2
- Total Rooms
- 4
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Pool Features
- Association
- Waterfront Features
- Intracoastal Access / Lagoon
Community & HOA
- HOA Fee
- $2,787 / Monthly
- HOA Includes
- Common Areas / Hvac / Hot Water / Insurance / Maintenance Grounds / Pest Control / Sewer / Water
- Association Amenities
- Pool / Trash / Elevators
- Utilities
- Cable Available / Sewer Available / Water Available
- Pets Allowed
- Breed Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Buyer Approval Required
- MLS Area
- 5002
About the Area
Browse Palm Beach homes for sale across every neighborhood and price point in Palm Beach. Available homes span single-family, townhome, and condo segments throughout the city. Palm Beach includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Palm Beach, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Palm Beach market data, see Florida Realtors' monthly statistics. Browse the latest Palm Beach listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 308
- Median List Price
- $2,695,000
- Median $/Sq Ft
- $1,471
- Avg Days on Market
- 177
Frequently Asked Questions
- How do I schedule a tour of 389 S Lake Drive 4h, Palm Beach, FL 33480?
- Use the Tour button on this listing to request a showing of 389 S Lake Drive 4h, 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 4h, Palm Beach, FL 33480 still available?
- 389 S Lake Drive 4h, Palm Beach, FL 33480 is currently listed as Sold, and has been on the market 147 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 4h, 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 4h, 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 4h, 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 4h, 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 4h, Palm Beach, FL 33480 have an HOA fee?
- Yes: 389 S Lake Drive 4h, Palm Beach, FL 33480 carries an HOA fee of about $2,787 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 4h, Palm Beach, FL 33480?
- Often, yes. The right offer on 389 S Lake Drive 4h, 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 The Corcoran Group
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.
$1,600,000
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Listed by Kerry Warwick, The Corcoran Group
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Recent Sales
Recently sold homes in ZIP 33480
These are the last 6 recorded closings in ZIP 33480, with the price each home actually sold for rather than what it was listed at. They closed at a median of $3,334 per square foot. The most recent closed on October 5, 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$87,000
Sold · October 5, 2026
4001 S Ocean Boulevard 114
0 bed · 1 bath · 375 sqft · $232/sqft
$12,000 under the asking price
Sold$16,150,000
Sold · October 1, 2026
246 Emerald Lane
6 bed · 6.5 bath · 4,844 sqft · $3,334/sqft
$3,800,000 under the asking price
Sold$21,500,000
Sold · October 1, 2026
130 Brazilian Avenue
6 bed · 7 bath · 4,955 sqft · $4,339/sqft
$750,000 under the asking price
Sold$186,000
Sold · September 30, 2026
3605 S Ocean Boulevard 229
2 bed · 2 bath · 1,121 sqft · $166/sqft
$1,100 over the asking price
Sold$6,100,000
Sold · September 30, 2026
245 COLONIAL Lane
3 bed · 2 bath · 1,829 sqft · $3,335/sqft
$300,000 under the asking price
Sold$375,000
Sold · September 30, 2026
3475 S Ocean Boulevard 2020
2 bed · 2 bath · 1,395 sqft · $269/sqft
See every recorded sale in ZIP 33480 or find out what your ZIP 33480 home is worth.
