What did 389 S Lake Drive 5d sell for?

389 S Lake Drive 5d sold for $1,250,000 on May 21, 2026, about 83.3% of its last asking price of $1,500,000 and about $884 per square foot. Recent sales like this one are what buyers and sellers nearby price against.

What are the association fees at 389 S Lake Drive 5d?

The listing reported an association fee of $5,984 per month at the time of the sale. Fees and special assessments change; check the association's current budget before you compare it with another home.

What are the property taxes on 389 S Lake Drive 5d?

The listing reported annual property taxes of $6,103 for 2025. Taxes are reassessed at the sale price after a purchase, so the new owner's bill will differ from that figure.

When was 389 S Lake Drive 5d built?

389 S Lake Drive 5d was built in 1967 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long was 389 S Lake Drive 5d on the market?

389 S Lake Drive 5d was on the market for 4 days before it sold.

Is 389 S Lake Drive 5d waterfront?

Yes. The listing described the water as lake front.

Is 389 S Lake Drive 5d still for sale?

No. 389 S Lake Drive 5d sold on May 21, 2026. BreakThru Realty can show you similar homes for sale nearby, or tell you what a home like yours would sell for today; call or text and a licensed agent will follow up.

389 S Lake Drive 5d, Palm Beach, FL 33480

Sold $1,250,000 · May 21, 2026

Last asking price $1,500,000 · 83.3% of asking · 4 days on market

2 beds
2 baths
1,414 sq ft
Condominium
Built 1967
HOA $5,983.59/mo
Lot 67,518 sq ft
1,702 sq ft total
Palm Beach County
MLS# R11149086
Three Eighty Nine Corp Lessee

Screenshot 2025-12-20 at 11.18.54PM at 389 S Lake Drive 5d, Palm Beach

Screenshot 2025-12-20 at 11.28.07PM at 389 S Lake Drive 5d, Palm Beach

Screenshot 2025-12-20 at 11.27.29PM at 389 S Lake Drive 5d, Palm Beach

Screenshot 2025-12-20 at 11.27.44PM at 389 S Lake Drive 5d, Palm Beach

Screenshot 2025-12-20 at 11.17.04PM at 389 S Lake Drive 5d, Palm Beach

Screenshot 2025-12-20 at 11.17.20PM at 389 S Lake Drive 5d, Palm Beach

About this home

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

Features

Built-in Features
Entrance Foyer
Elevator
Walk-In Closet(s)
Lake Front
In Ground

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Network Property Group, LLC · brian@networkpg.com · Listing agent: Brian Jacobs PA

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

What is your home worth?

389 S Lake Drive 5d sold on May 21, 2026. If you own nearby, get a free home valuation or see homes for sale in Palm Beach. Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com.

Questions About 389 S Lake Drive 5d

What did 389 S Lake Drive 5d sell for?: 389 S Lake Drive 5d sold for $1,250,000 on May 21, 2026, about 83.3% of its last asking price of $1,500,000 and about $884 per square foot. Recent sales like this one are what buyers and sellers nearby price against.
What are the association fees at 389 S Lake Drive 5d?: The listing reported an association fee of $5,984 per month at the time of the sale. Fees and special assessments change; check the association's current budget before you compare it with another home.
What are the property taxes on 389 S Lake Drive 5d?: The listing reported annual property taxes of $6,103 for 2025. Taxes are reassessed at the sale price after a purchase, so the new owner's bill will differ from that figure.
When was 389 S Lake Drive 5d built?: 389 S Lake Drive 5d was built in 1967 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long was 389 S Lake Drive 5d on the market?: 389 S Lake Drive 5d was on the market for 4 days before it sold.
Is 389 S Lake Drive 5d waterfront?: Yes. The listing described the water as lake front.
Is 389 S Lake Drive 5d still for sale?: No. 389 S Lake Drive 5d sold on May 21, 2026. BreakThru Realty can show you similar homes for sale nearby, or tell you what a home like yours would sell for today; call or text and a licensed agent will follow up.

Explore

Recently Sold Nearby

2275 S Ocean Boulevard 207n, Palm Beach, FL 33480 · Sold $1,512,500 · 2 bd · 2 ba · 1,614 sq ft
2275 S Ocean Boulevard 305n and C11, Palm Beach, FL 33480 · Sold $1,600,000 · 2 bd · 3 ba · 1,868 sq ft
2784 S Ocean Boulevard 204s, Palm Beach, FL 33480 · Sold $1,382,500 · 2 bd · 2 ba · 1,591 sq ft
223 Atlantic Avenue 2B, Palm Beach, FL 33480 · Sold $1,300,000 · 2 bd · 2 ba · 804 sq ft

Explore Nearby

Nearby Cities

Palm Beach Neighborhoods

Nearby ZIP Codes

Nearby Condo Buildings

A comparable condo, 2275 S Ocean Boulevard 207n, Palm Beach, FL 33480, sold for $1,512,500 in October 2026. Palm Beach neighborhoods include Ibis Isle and In-Town. Nearby ZIP codes include 33401 and 33405. This property also neighbors West Palm Beach, Cloud Lake, and Lake Clarke Shores. Compare it with the Palm Beach housing market report.