$7,350,000
Sold · April 20, 2026
389 S Lake Drive Pha
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
- $7,350,000
- Vs. list price
- 7.5% under
- Days on market
- 32
- Price per sq ft
- $3,500
This 2-bedroom condo in Three Eighty Nine Corp Lessee sold for $7,350,000 on April 20, 2026. That was 7.5% below its final list price of $7,950,000. It spent 32 days on the market. At $3,500 per square foot, it closed 273.1% above the $938 median of the 5 other condo sales in the recent closings shown below.
Listing Snapshot
- Sold Price
- $7,350,000
- Sold On
- April 20, 2026
- Days on Site
- 32 Days
- Bedrooms
- 2
- Total Baths
- 3
- Full Baths
- 2
- Partial Baths
- 1
- Living Area
- 2,100 sqft
- Total Sq Ft
- 3,337 sqft
- Year Built
- 1967
- Property Type
- Condo
- MLS #
- R11170010
- Property Tax
- $58,241 (2025)
- HOA Fees
- $3,961 / Monthly
- Subdivision
- THREE EIGHTY NINE CORP LESSEE
- County
- Palm Beach
- Status
- Sold
- Special Conditions
- Listed As Is
About This Property
Relish one of the best water views in all of Palm Beach from this spacious penthouse with over 1,300 sf of wrap around terraces, perfect for outdoor entertaining and enjoyment with views up and down the Intracoastal. Located on the Intracoastal waterway overlooking the Peruvian town docks. The apartment has a spacious open floor plan for living room, dining area and kitchen, with split bedrooms, with each room overlooking the Intracoastal. An added bonus is a one-bedroom guest apartment downstairs on the ground floor. One covered parking with additional outdoor parking. Pet friendly. Excellent full-service building with 24 hr. doorperson, heated pool and only steps to world class shopping on Worth Avenue, restaurants and the beach.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Sold
- Year Built
- 1967
- Property Condition
- Resale
- Number of Stories
- 6
- Levels
- One
- Parking
- Assigned / Carport / Detached Carport / Guest
- Direction Faces
- West
- Lot Size (Acres)
- 0
- Living Sq Ft
- 2,100
- Total Sq Ft
- 3,337
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- R-D(2)
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Free Standing Freezer / Disposal / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central / Individual
- Flooring
- Ceramic Tile / Marble
- Interior Features
- Entrance Foyer / Kitchen Island / Living Dining Room / Pantry / Split Bedrooms / Storage / Tub Shower / Bar / Walk In Closets
- Laundry
- Washer Dryer Install Allowed
- Windows
- Sliding
- Main Level Bedrooms
- 2
- Main Level Baths
- 2
- Total Rooms
- 3
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Covered / Wrap Around / Balcony
- Lot Features
- Sprinklers Automatic
- Waterfront
- Yes
- Waterfront Features
- Intracoastal Access
- View
- Intercoastal
Community & HOA
- HOA Fee
- $3,961 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Insurance / Maintenance Grounds / Maintenance Structure / Pest Control / Sewer / Security / Trash / Water / Internet
- Association Amenities
- Bike Storage / Clubhouse / Laundry / Management / Pool / Parking / Storage / Trash / Elevators
- Community Features
- Property Manager On Site / Street Lights
- Security
- Security System Owned / Security System / Closed Circuit Cameras / Fire Sprinkler System / Lobby Secured
- Utilities
- Cable Available / Sewer Available / Water Available
- Pets Allowed
- Number Limit / Pet Restrictions / Size Limit / Yes
- Financing Terms
- Cash
- Restrictions
- Buyer Approval Required / Rental Restriction
- MLS Area
- 5002
Schools
- Elementary School
- Palm Beach Public
- Middle School
- Conniston Community
- High School
- Forest Hill
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 Pha, Palm Beach, FL 33480?
- Use the Tour button on this listing to request a showing of 389 S Lake Drive Pha, 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 Pha, Palm Beach, FL 33480 still available?
- 389 S Lake Drive Pha, Palm Beach, FL 33480 is currently listed as Sold, and has been on the market 32 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 Pha, Palm Beach, FL 33480?
- With 20% down ($1,590,000) on the $7,950,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 389 S Lake Drive Pha, Palm Beach, FL 33480 is about $41,781/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 Pha, 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 Pha, 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 Pha, Palm Beach, FL 33480 have an HOA fee?
- Yes: 389 S Lake Drive Pha, Palm Beach, FL 33480 carries an HOA fee of about $3,961 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 Pha, Palm Beach, FL 33480?
- 389 S Lake Drive Pha, Palm Beach, FL 33480 is zoned for Palm Beach Public (elementary), Conniston Community (middle), 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 Pha, Palm Beach, FL 33480?
- Often, yes. The right offer on 389 S Lake Drive Pha, 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.
$7,350,000
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Listed by Ashley Copeland, 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$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
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.
