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389 S Lake Drive Unit Phb, Palm Beach, Florida 33480

Active For Sale
$7,980,000
  • Beds 3
  • Baths 3
  • Sq Ft 2,443 Sqft
  • Visits: 3 in 72 days

Description

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.

Features

  • Swimming Pool: Heated, Association
  • Heating System: Central, Individual
  • Cooling System: Central Air
  • Patio: Balcony, Covered
  • Parking: Assigned, Covered, Guest, Deeded

Appliances

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Electric Water Heater, Disposal, Ice Maker, Freezer, Water Heater, Cooktop, Oven, Electric Cooktop, ENERGY STAR Qualified Refrigerator

Address Map

  • Country: US
  • State: FL
  • County: Palm Beach
  • City: Palm Beach
  • Subdivision: THREE EIGHTY NINE CORP LESSEE
  • Zipcode: 33480
  • Street: Lake
  • Street Number: 389
  • Street Suffix: Drive
  • Floor Number: 0
  • Longitude: W81° 57' 25.5''
  • Latitude: N26° 42' 7.5''
  • UnitNumber: Phb
  • Directions: On S. Lake Dr. on Intracoastal on corner of Peruvian Avenue
  • Street Dir Prefix: S
  • MLS Area: 5002

MLS Addon

  • Accessibility Features: No
  • Architectural Style: Traditional
  • Association Amenities: Clubhouse, Elevator(s), Laundry, Pool, Trash, Management, Bike Storage, Security, Parking, Maintenance Grounds, Sidewalks
  • Association Fee: $10,500
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Maintenance Structure, Common Areas, Pool(s), Sewer, Security, Maintenance Grounds, Trash, Insurance, Pest Control, Reserve Fund, Cable TV, Legal/accounting
  • Close Price: $0
  • Elementary School: Palm Beach Public
  • Exterior Features: Balcony, Outdoor Living Area
  • Flooring: Tile, Wood, Marble
  • High School: Forest Hill
  • Insurance Expense: $0
  • Interior Features: Living/Dining Room, Entrance Foyer, Walk-In Closet(s), Built-in Features, Pantry, Split Bedrooms, Separate Shower, Bathtub, Soaking Tub, Storage
  • Laundry Features: Laundry Closet, Washer Dryer Install Allowed
  • Levels: One
  • Lot Features: 1-2 Acres, Sprinklers Automatic
  • New Taxes Expense: $0
  • Stories: 6
  • Stories Total: 6
  • Tax Annual Amount: $55,481
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Connected
  • Window Features: Blinds, Drapes, Sliding, Storm Window(s)
  • Zoning: R-D(2) (city)

Location

Listing Updated: 2026-07-22 19:03:13

  • Property Type : Residential
  • Property Sub Type : Stock Cooperative
  • Listing Type : For Sale
  • Listing ID : B26027444
  • Price : $7,980,000
  • View : Intercoastal, Marina, Water
  • Bedrooms : 3
  • Bathrooms : 3
  • Full Bathrooms : 3
  • Half Bathrooms : 0
  • Square Footage : 2,443 Sqft
  • Year Built : 1967
  • Lot Area : 1.55 Acre
  • Listing Status : Active
  • Days On Market : 71
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