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

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

389 S Lake Drive Phb, Palm Beach, FL 33480 is currently listed as Active, and has been on the market 151 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 Phb, Palm Beach, FL 33480?

With 20% down ($1,596,000) on the $7,980,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 389 S Lake Drive Phb, Palm Beach, FL 33480 is about $41,938/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 Phb, 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 Phb, 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 Phb, Palm Beach, FL 33480 have an HOA fee?

Yes: 389 S Lake Drive Phb, Palm Beach, FL 33480 carries an HOA fee of about $10,500 quarterly. 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 Phb, Palm Beach, FL 33480?

389 S Lake Drive Phb, 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 Phb, Palm Beach, FL 33480?

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

Active

151 Days on Market

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$7,980,000

389 S Lake Drive Phb

Palm Beach, FL 33480

THREE EIGHTY NINE CORP LESSEE

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

Price Check

How this price compares

List price: $7,980,000
Price per sq ft: $3,266
Vs. nearby sales: 223.7% above
Days on market: 151

This 3-bedroom condo in Three Eighty Nine Corp Lessee is listed at $7,980,000, or $3,266 per square foot. It has been on the market for 151 days. The 6 most recent condo sales in the closings shown below sold at a median of $1,009 per square foot, so the asking price is 223.7% above what comparable homes here actually sold for.

Bedrooms

Bathrooms

2,443

Living Sq Ft

1967

Year Built

Estimated monthly payment

$41,938 /mo

Principal and interest only, based on $1,596,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

Customize this estimate

Listing Snapshot

Price: $7,980,000
Days on Site: 151 Days
Bedrooms: 3
Total Baths: 3
Full Baths: 3
Partial Baths: 0
Living Area: 2,443 sqft
Total Sq Ft: 3,337 sqft
Lot Size: 1.55 Acres
Year Built: 1967
Property Type: Condo
MLS #: B26027444
Property Tax: $55,481 (2025)
HOA Fees: $10,500 / Quarterly
Subdivision: THREE EIGHTY NINE CORP LESSEE
County: Palm Beach
Status: Active
Special Conditions: Standard / Listed As Is

About This Property

Absolutely breathtaking panoramic views of the Intracoastal Waterway await from the expansive wraparound terraces of this exceptional penthouse, offering some of the finest vistas in Palm Beach. Rarely available, this elegant 3-bedroom, 3-bath residence lives like a private home and showcases timeless architectural details, including beautiful herringbone wood flooring throughout. Designed for both gracious entertaining and relaxed coastal living, every room opens to idyllic terraces with stunning water views. The handsome wood-paneled den, complete with a full bath and oversized walk-in closet, easily serves as a third bedroom or private office. Additional features include soaring ceilings, a spacious kitchen, impact sliding doors, and a convenient laundry closet. Ideally located at prestigious 389 South Lake, just one street from Worth Avenue, this remarkable residence is within walking distance to world-class shopping, fine dining, and the beach.

MLS media link

General Features

Property Type: Condo
Status: Active
Year Built: 1967
Property Condition: Resale
Number of Stories: 6
Levels: One
Parking: Assigned / Covered / Deeded / Guest
Direction Faces: Southwest
Lot Size (Acres): 1.55
Living Sq Ft: 2,443
Total Sq Ft: 3,337
Structure Type: Multi Family
Sewer: Public Sewer
Water Source: Public
Zoning: R-D(2) (city)

Interior Features

Appliances: Cooktop / Dryer / Dishwasher / Energy Star Qualified Refrigerator / Electric Cooktop / Electric Range / Electric Water Heater / Freezer / Disposal / Ice Maker / Microwave / Oven / Refrigerator / Water Heater / Washer
Cooling: Central Air
Heating: Central / Individual
Flooring: Marble / Tile / Wood
Interior Features: Built In Features / Bathtub / Entrance Foyer / Living Dining Room / Pantry / Split Bedrooms / Storage / Soaking Tub / Separate Shower / Walk In Closets
Laundry: Laundry Closet / Washer Dryer Install Allowed
Windows: Blinds / Drapes / Sliding / Storm Windows
Main Level Bedrooms: 3
Main Level Baths: 3
Total Rooms: 3
Furnished: Unfurnished

Exterior Features

Construction: CBS Concrete Block Structure / Block
Roof: Other
Exterior Features: Balcony / Outdoor Living Area
Architectural Style: Traditional
Pool Features: Association / Heated
Patio & Porch: Covered / Balcony
Lot Features: One To Two Acres / Sprinklers Automatic
Waterfront: Yes
Waterfront Features: Intracoastal Access
View: Intercoastal / Marina / Water

Community & HOA

HOA Fee: $10,500 / Quarterly
HOA Includes: Common Areas / Cable Tv / Insurance / Legal Accounting / Maintenance Grounds / Maintenance Structure / Pest Control / Pools / Reserve Fund / Sewer / Security / Trash
Association Amenities: Bike Storage / Clubhouse / Maintenance Grounds / Laundry / Management / Pool / Parking / Security / Sidewalks / Trash / Elevators
Community Features: Property Manager On Site / Street Lights
Security: Security System Owned / Security System / Building Security / Fire Alarm / Fire Sprinkler System / Lobby Secured / Phone Entry / Smoke Detectors / Security Lights
Utilities: Cable Available / Electricity Available / Sewer Available / Water Connected
Pets Allowed: Dogs Ok / Pet Restrictions / Yes
Financing Terms: Cash
Restrictions: Buyer Approval Required / No Smoking
MLS Area: 5002

Schools

Elementary School: Palm Beach Public
High School: Forest Hill

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 Phb, Palm Beach, FL 33480?: Use the Tour button on this listing to request a showing of 389 S Lake Drive Phb, 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 Phb, Palm Beach, FL 33480 still available?: 389 S Lake Drive Phb, Palm Beach, FL 33480 is currently listed as Active, and has been on the market 151 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 Phb, Palm Beach, FL 33480?: With 20% down ($1,596,000) on the $7,980,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 389 S Lake Drive Phb, Palm Beach, FL 33480 is about $41,938/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 Phb, 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 Phb, 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 Phb, Palm Beach, FL 33480 have an HOA fee?: Yes: 389 S Lake Drive Phb, Palm Beach, FL 33480 carries an HOA fee of about $10,500 quarterly. 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 Phb, Palm Beach, FL 33480?: 389 S Lake Drive Phb, 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 Phb, Palm Beach, FL 33480?: Often, yes. The right offer on 389 S Lake Drive Phb, 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 June 23, 2026.

$7,980,000

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Listed by Ashley Copeland, Brown Harris Stevens of PB

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Recently sold homes in Three Eighty Nine Corp Lessee

These are the last 6 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.