How much is 389 S Lake Drive Phb?

389 S Lake Drive Phb is listed at $7,980,000, which is about $3,266 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the association fees at 389 S Lake Drive Phb?

The listing reports an association fee of $10,500 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.

What are the property taxes on 389 S Lake Drive Phb?

The listing reports annual property taxes of $55,481 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 389 S Lake Drive Phb built?

389 S Lake Drive Phb 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 has 389 S Lake Drive Phb been on the market?

389 S Lake Drive Phb has been listed for 135 days. Days on market and price changes are the first signals of how much room there is to negotiate.

Is 389 S Lake Drive Phb waterfront?

Yes. The listing describes the water as intracoastal. For a home with dockage, confirm the water depth at low tide, the seawall condition and whether the route to the inlet passes under any fixed bridges before you offer.

Which schools serve 389 S Lake Drive Phb?

The MLS lists Palm Beach Public (elementary), Forest Hill (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

389 S Lake Drive Phb, Palm Beach, FL 33480

$7,980,000 · Active

3 beds
3 baths
2,443 sq ft
Stock Cooperative
Built 1967
HOA $10,500/mo
Lot 67,518 sq ft
MLS# B26027444
Three Eighty Nine Corp Lessee

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About this home

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.

Video Tour

Watch the video tour of 389 S Lake Drive Phb

Features

Built-in Features
Entrance Foyer
Pantry
Walk-In Closet(s)
Bedroom Layout - Split
Storage
Balcony
Intracoastal

Schools

Elementary: Palm Beach Public
High: Forest Hill

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Brown Harris Stevens of PB · Listing agent: Ashley Drew Copeland

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 389 S Lake Drive Phb.

Questions About 389 S Lake Drive Phb

How much is 389 S Lake Drive Phb?: 389 S Lake Drive Phb is listed at $7,980,000, which is about $3,266 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the association fees at 389 S Lake Drive Phb?: The listing reports an association fee of $10,500 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.
What are the property taxes on 389 S Lake Drive Phb?: The listing reports annual property taxes of $55,481 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 389 S Lake Drive Phb built?: 389 S Lake Drive Phb 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 has 389 S Lake Drive Phb been on the market?: 389 S Lake Drive Phb has been listed for 135 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Is 389 S Lake Drive Phb waterfront?: Yes. The listing describes the water as intracoastal. For a home with dockage, confirm the water depth at low tide, the seawall condition and whether the route to the inlet passes under any fixed bridges before you offer.
Which schools serve 389 S Lake Drive Phb?: The MLS lists Palm Beach Public (elementary), Forest Hill (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

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Palm Beach neighborhoods include North End and Estate Section. Nearby ZIP codes include 33401 and 33405. This property also neighbors West Palm Beach, Lake Worth Beach, and North Palm Beach. Compare it with the Palm Beach housing market report.