How do I schedule a tour of 389 S Lake Drive 5d, Palm Beach, FL 33480?

Use the Tour button on this listing to request a showing of 389 S Lake Drive 5d, 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 5d, Palm Beach, FL 33480 still available?

389 S Lake Drive 5d, Palm Beach, FL 33480 is currently listed as Sold, and has been on the market 4 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 5d, Palm Beach, FL 33480?

With 20% down ($300,000) on the $1,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 389 S Lake Drive 5d, Palm Beach, FL 33480 is about $7,883/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 5d, 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 5d, 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 5d, Palm Beach, FL 33480 have an HOA fee?

Yes: 389 S Lake Drive 5d, Palm Beach, FL 33480 carries an HOA fee of about $5,984 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 5d, Palm Beach, FL 33480?

Often, yes. The right offer on 389 S Lake Drive 5d, 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.

Sold

4 Days on Market

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$1,250,000

Sold · May 21, 2026

389 S Lake Drive 5d

Palm Beach, FL 33480

THREE EIGHTY NINE CORP LESSEE

Explore the area: Palm Beach homes for sale · Palm Beach County real estate

Sale Summary

What this home sold for

Sold price: $1,250,000
Vs. list price: 16.7% under
Days on market: 4
Price per sq ft: $884

This 2-bedroom condo in Three Eighty Nine Corp Lessee sold for $1,250,000 on May 21, 2026. That was 16.7% below its final list price of $1,500,000. It spent 4 days on the market. At $884 per square foot, it closed 18.1% below the $1,080 median of the 5 other condo sales in the recent closings shown below.

Bedrooms

Bathrooms

1,414

Living Sq Ft

1967

Year Built

Listing Snapshot

Sold Price: $1,250,000
Sold On: May 21, 2026
Days on Site: 4 Days
Bedrooms: 2
Total Baths: 2
Full Baths: 2
Partial Baths: 0
Living Area: 1,414 sqft
Total Sq Ft: 1,702 sqft
Lot Size: 1.55 Acres
Year Built: 1967
Property Type: Condo
MLS #: R11149086
Property Tax: $6,103 (2025)
HOA Fees: $5,984 / Monthly
Subdivision: THREE EIGHTY NINE CORP LESSEE
County: Palm Beach
Status: Sold

About This Property

Experience the epitome of Palm Beach living at 389 S Lake Drive, an exclusive, full-service boutique building in the heart of Midtown. This light-filled residence is perfectly positioned just one block from world-renowned Worth Avenue, the scenic Lake Trail, and the town docks. Enjoy serene Intracoastal and pool views from your private oasis. The pet-friendly building offers a sophisticated lifestyle with premium amenities, including a professional doorman, heated swimming pool, on-site management, and assigned parking. Many units feature modern renovations, high ceilings, impact glass, and in-unit laundry. Don't miss this rare opportunity to own in one of the Island's most coveted locations

MLS media link

General Features

Property Type: Condo
Status: Sold
Year Built: 1967
Property Condition: Resale
Number of Stories: 6
Garage Spaces: 0
Direction Faces: North
Lot Size (Acres): 1.55
Living Sq Ft: 1,414
Total Sq Ft: 1,702
Sewer: Public Sewer
Water Source: Public
Zoning: R-D(2)

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Free Standing Freezer / Disposal / Microwave / Refrigerator / Washer
Cooling: Central Air
Heating: Central
Flooring: Carpet / Wood
Interior Features: Built In Features / Entrance Foyer / Elevator / Living Dining Room / Separate Shower / Walk In Closets
Main Level Bedrooms: 2
Main Level Baths: 2
Total Rooms: 4
Furnished: Furnished

Exterior Features

Construction: Other / Concrete
Pool Features: In Ground / Association
Lot Features: One To Two Acres
Waterfront: Yes
Waterfront Features: Lake Front
View: City / Intercoastal / Lake

Community & HOA

HOA Fee: $5,984 / Monthly
HOA Includes: Common Areas / Cable Tv / Insurance / Pest Control / Sewer / Trash / Water
Association Amenities: Elevators / Pool
Utilities: Cable Available / Sewer Available / Water Available
Pets Allowed: No
Financing Terms: Cash
Restrictions: Buyer Approval Required
MLS Area: 5002

About the Community

Three Eighty Nine Corp Lessee

View Community Details →

Homes for Sale: 2
Under Contract: 0
Median List Price: $5,365,000
Median $/Sq Ft: $2,452
Avg Days on Market: 82

View all 2 homes for sale in Three Eighty Nine Corp Lessee →

Frequently Asked Questions

How do I schedule a tour of 389 S Lake Drive 5d, Palm Beach, FL 33480?: Use the Tour button on this listing to request a showing of 389 S Lake Drive 5d, 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 5d, Palm Beach, FL 33480 still available?: 389 S Lake Drive 5d, Palm Beach, FL 33480 is currently listed as Sold, and has been on the market 4 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 5d, Palm Beach, FL 33480?: With 20% down ($300,000) on the $1,500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 389 S Lake Drive 5d, Palm Beach, FL 33480 is about $7,883/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 5d, 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 5d, 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 5d, Palm Beach, FL 33480 have an HOA fee?: Yes: 389 S Lake Drive 5d, Palm Beach, FL 33480 carries an HOA fee of about $5,984 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 5d, Palm Beach, FL 33480?: Often, yes. The right offer on 389 S Lake Drive 5d, 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 Network Property Group, LLC

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.

$1,250,000

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Listed by Brian Jacobs PA, Network Property Group, LLC

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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 April 20, 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.