FLORIDA LUXReal Estate

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

$7,980,0003 Beds3 Baths2,443 Sq. Ft.$3,266 / sq. ft.

Palm Beach, FL 33480 · THREE EIGHTY NINE CORP LES

Status
Active
Type
Stock Cooperative
Year Built
1967
Days on Market
91
Lot Size
67,570 sqft
MLS #
B26027444
County
Palm Beach County

Description of 389 S Lake Drive # Phb, Palm Beach, FL 33480

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.

Property Details for 389 S Lake Drive # Phb, Palm Beach, FL 33480

Bathrooms Full
3
Bathrooms Half
0
Interior Features
Lobby, Built-in Features, Fire Sprinklers, Entrance Foyer, Pantry, Split Bedroom, Walk-In Closet(s), Storage
Appliances
Electric Water Heater, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
Flooring
Marble, Wood
Heating
Central Individual A/C
Cooling
Central Individual A/C
Furnished
Unfurnished
Architectural Style
One Story
Parking Features
Assigned, Awning, Covered, Deeded, Guest
Pool Features
Community
Pool Private
Yes
Year Built Details
Resale
Direction Faces
Southwest

Building Information for 389 S Lake Drive # Phb, Palm Beach, FL 33480

Building Area Total
3337
Building Area Units
Square Feet
Stories
6
Stories Total
6
Entry Level
6
Association
Yes
Association Fee
$10,500
Association Fee Frequency
Quarterly
Association Amenities
Bike Storage, Laundry, Community Room, Community Pool, Elevator(s), Heated Pool, Laundry Facility, Maintained Community, Management On Site, Pool, Private Pool, Security Patrol, Trash Chute
Pets Allowed
Yes
Security Features
Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Fire Sprinklers, Fire Alarm, Owned Burglar Alarm, Security System, Smoke Detector, Building Security, Doorman, Phone Entry, Intercom In Lobby, Lobby Secured, Lobby Attended, Burglar Alarm, Security Lights, Unit Alarm

Property Information for 389 S Lake Drive # Phb, Palm Beach, FL 33480

Lot Features
1 To Less Than 2 Acre Lot, East Of US 1
Lot Size Square Feet
67,570
Waterfront
Yes
Waterfront Features
Intracoastal Front
View
Intracoastal View, Water
Construction Materials
CBS Construction
Roof
Other Roof/Roof Structure, Other
Exterior Features
East Of Us1, Balcony
Sewer
At Site, Public Sewer, Other, Public Sanitation, Sewer
Water Source
Public
New Construction
No

Public Records for 389 S Lake Drive # Phb, Palm Beach, FL 33480

Parcel Number
50434327630006020
Tax Annual Amount
$55,480
Tax Year
2,025
Tax Legal Description
THREE EIGHTY NINE CORP LESSEE PENTHOUSE B
Zoning
R-D(2) (city)
County Or Parish
Palm Beach County

Schools Near 389 S Lake Drive # Phb, Palm Beach, FL 33480

Elementary School
Palm Beach Public
High School
Forest Hill Community

School assignments are provided by the listing and should be independently verified.

Location

389 S Lake Drive # Phb, Palm Beach, FL 33480 · More homes in Palm Beach

More information about 389 S Lake Drive # Phb, Palm Beach, FL 33480

389 S Lake Drive # Phb is a stock cooperative for sale in Palm Beach, FL 33480. This property was listed for sale on May 11, 2026 by Brown Harris Stevens of PB, it's currently listed at $7,980,000. This listing's school district is Palm Beach County Public Schools. Nearby schools include Palm Beach Public and Forest Hill Community. 389 S Lake Drive # Phb is a 3-bed, 3-bath, 2,443 sqft stock cooperative built in 1967.