BreakThru Realty

389 South Lake Drive Condos for Sale & Rent in Palm Beach

389 South Lake Drive condos in Palm Beach, FL: 2 for sale from $2,750,000, rentals, recent sales, price per square foot and association fees from live MLS data, updated daily.

389 South Lake Drive at a Glance

Address389 LAKE DR
Year built1967
Units for sale2
Asking prices$2,750,000 to $7,980,000
Median asking price per sq ft$2,452/sq ft
Median association fee$2,714/mo
Units for rent0
Median asking rentn/a
Sold in the last 12 months6
Median sold price$1,672,500
Sale price as % of list91.5%
Leased in the last 12 months0
Median leased rentn/a
Median leased rent per sq ftn/a
Average days to leasen/a
Leased rent as % of askingn/a
Water frontageIntracoastal
Pet policy (per listings)Yes, Number Limit, Size Limit, Pet Restrictions Possible

Source: BeachesMLS, every listing at the building's address; figures refresh daily. Not an appraisal.

About 389 South Lake Drive

389 South Lake Drive is an apartment building overlooking the Intracoastal in Midtown Palm Beach. Its address is 389 Lake Drive, built in 1967 according to the MLS. Listings describe its water frontage as intracoastal. This page gathers every unit the MLS shows at the building's address: the ones for sale, the rentals and the closings of the last twelve months.

389 South Lake Drive Condos for Sale

2 units are for sale at 389 South Lake Drive right now, from $2,750,000 to $7,980,000, at a median $2,452 per square foot, with 2 to 3 bedrooms. The median association fee on these listings is $2,714 a month; what it covers differs by building, so confirm it for the unit.

Recent Sales and Rentals at 389 South Lake Drive

6 units closed in the last twelve months at a median $1,672,500 ($1,048 per square foot), at 91.5% of the asking price after 54 days on market. No unit is listed for rent right now; the association sets whether and how often units may be leased.

Before You Buy at 389 South Lake Drive

Florida requires milestone structural inspections and fully funded structural reserves for condominium buildings three stories and taller, so the building's inspection reports, its reserve study, the current budget and any special assessment matter as much as the unit. We also read the rules on leasing, pets, renovations and the association's approval process, and check the insurance and the flood zone, before you make an offer at 389 South Lake Drive.

Units for Sale at 389 South Lake Drive

Units for Rent at 389 South Lake Drive

No unit is listed for rent right now.

Recently Sold at 389 South Lake Drive

Own a Condo at 389 South Lake Drive?

A buyer working with BreakThru Realty may already be looking for a residence like yours. BreakThru Realty works with hundreds of prequalified buyers searching for properties. Request a review of recent sales at 389 South Lake Drive, the competing listings in the building and your selling options, with no buyer named and nothing shared until you decide.

  • A value range built from comparable 389 South Lake Drive sales, with the reasoning
  • Whether a buyer already working with BreakThru Realty is looking for a property like yours
  • The plan that reaches the rest of the market if no buyer on file fits
  • An estimate of your selling costs and what you would keep after closing

Explore My 389 South Lake Drive Selling Options · Get My Palm Beach Home Value

Leased at 389 South Lake Drive in the Last 12 Months

What units at the building actually rented for: each closed lease with the rent it closed at, the days it took and how it compared with the asking rent. Rental portals show asking rents; these are achieved rents from BeachesMLS.

389 South Lake Drive: Frequently Asked Questions

How much do condos at 389 South Lake Drive cost?
Units at 389 South Lake Drive are listed from $2,750,000 to $7,980,000 right now, a median $2,452 per square foot. Over the last twelve months units closed at a median $1,672,500. Floor, view and renovation drive the spread; these figures refresh daily from the MLS.
What are the association fees at 389 South Lake Drive?
The median association fee on current and recent listings at 389 South Lake Drive is $2,714 a month. Fees vary by unit size and what the association covers, and older buildings may add special assessments for inspections and repairs, so we confirm the fee, the budget and any assessment for the specific unit.
Can I rent out a unit at 389 South Lake Drive?
The 389 South Lake Drive association decides: most South Florida condominiums set a minimum lease term, limit how many times a year a unit may be leased and require tenant approval, and some require an owner to hold the unit for a period first. we read the current rules before you buy.
Are pets allowed at 389 South Lake Drive?
Listings at 389 South Lake Drive describe the pet policy as "Yes, Number Limit, Size Limit, Pet Restrictions Possible". Weight, breed and number limits are set by the association and can change, so we confirm the current rule for your pet before you offer or apply.
How do I see a unit at 389 South Lake Drive?
Request a showing from any listing on this page, or ask a BreakThru agent to arrange a private tour of the units for sale or for rent at 389 South Lake Drive. We also compare the building with similar Palm Beach condominiums so you can see the choice side by side.

To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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