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.
Listing Provided Courtesy of Brown Harris Stevens of PB at 561-659-6400
Property Details
Price:
$7,980,000
MLS #:
B26027444
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Stock Cooperative
Subdivision:
THREE EIGHTY NINE CORP LESSEE
Neighborhood:
5002
Listed Date:
May 12, 2026
Finished Sq Ft:
2,443
Total Sq Ft:
3,337
Lot Size:
2,943,349,200 sqft / 1.55 acres (approx)
Year Built:
1967
See this Listing
Schools
Elementary School:
Palm Beach Public
High School:
Forest Hill
Interior
Appliances
Electric Water Heater, Freezer, Electric Cooktop, Cooktop, Dishwasher, Disposal, Dryer, Electric Range, ENERGY STAR Qualified Refrigerator, Ice Maker, Microwave, Oven, Refrigerator, Washer, Water Heater
Bathrooms
3 Full Bathrooms
Cooling
Central Individual
Flooring
Marble, Mexican Tile, Wood
Heating
Central Individual
Interior Features
Bedroom Layout – Split, Built-in Features, Entrance Foyer, Pantry, Storage, Walk-In Closet(s)
Laundry Features
Laundry Closet
Levels
One
Main Level Bathrooms
3
Main Level Bedrooms
3
Exterior
Architectural Style
Traditional
Association Amenities
Security, Maintenance, Pool, Bike Storage, Community Room, Elevator(s), Heated Pool, Laundry, Lobby, Management, Manager On Site, Parking, Sidewalks, Street Lights, Trash Chute
Construction Materials
CBS
Direction Faces
Southwest
Exterior Features
Balcony
Parking Features
Assigned, Guest
Parking Spots
1
Parking Total
1
Roof
Other
Security Features
Building Security, Entry – Phone/Intercom, Fire Alarm, Fire Sprinkler System, Lobby – Attended, Security Lights, Security System, Security System Owned, Smoke Detector(s)
Stories
6
View
Marina, Intracoastal, Water
Waterfront Features
Intracoastal
Window Features
Blinds, Drapes, Sliding, Storm Window(s)
Financial
HOA Fee
$10,500
HOA Fee Frequency
Quarterly
HOA Includes
Pool Service, Cable TV, Common Areas, Common Real Estate Tax, Elevator, Insurance, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Reserve Funds, Security, Sewer, Trash
Lease Land Amount
$179,550
Lease Land Expiration
2058-01-01
Lease Land Frequency
Quarterly
Tax Year
2025
Taxes
$55,481
Map
Community
- Address389 S Lake Drive Phb Palm Beach FL
- SubdivisionTHREE EIGHTY NINE CORP LESSEE
- CityPalm Beach
- CountyPalm Beach
- Zip Code33480
Subdivisions in Palm Beach
- 2100 COND AT SLOANS CURVE
- 2100 Condo At Sloans Curve
- 2560 SOUTH OCEAN BOULEVARD CONDO
- ADAMS
- ADAMS ADD IN
- ADAMS HOUSE
- ALLARD
- ALLARD SUB P B IN
- ALTO LIDO
- AMBASSADOR II
- AMBASSADOR II CORP
- AMBASSADOR II CORP 2780 S OCEAN BLVD PALM BEACH FL
- AMBASSADOR SOUTH DEV CORP
- ATLANTIC PALMS CONDO
- Atriums
- ATRIUMS OF PALM BEACH
- ATRIUMS OF PALM BEACH CONDO
- AUSTRALIAN OF PALM BEACH CONDO
- BAHAMA ADD IN
- BARCLAY CONDO
- Beach Point
- BEACH POINT CONDO
- BELLARIA CONDOMINIUM
- BELLO LIDO
- BELLO LIDO RESUB
- Biltmore
- BOCA RATONE COLET
- BRAMS ADD
- BRAZILIAN COURT HOTEL AND CONDO
- BRAZILIAN COURT HOTEL AND CONDOMINIUM
- Brazilian Of Palm Beach
- BREEZY ACRES
- BUNGALOW PARK ADD
- CARLTON PLACE COND DECL FILED 1-26-82
- CARLTON PLACE CONDO
- CARLYLE HOUSE COND
- CARLYLE HOUSE CONDO
- CASA BENDITA
- CHALET BY THE OCEAN CONDO
- CHATEAU CHANTILLY IBIS ISLE CONDO
- CHATEAU CHEVERNY IBIS ISLE CONDO
- CHERRY LANE
- CLARIDGES I CONDO
- CLARIDGES II CONDO
- COVE COND UNIT 403-S
- COVE CONDO
- DODGE ESTATES IN
- DORCHESTER OF PALM BEACH CONDO
- DRAKE PARK
- EAST SHORE
- EDEN PROPERTIES
- EL DORADO PARK
- EL ENCANTO
- EL ENCANTO 2
- EL ENCANTO IN
- ELIOT HOUSE CONDO
- EMERAUDE CONDO
- ENCLAVE OF PALM BEACH COND DECL FILED 2-12-85 IN
- ENCLAVE OF PALM BEACH CONDO
- ERBS DAISY E ADD
- ESPLANADE ESTATES
- EVERGLADES ISLAND 2
- EVERGLADES ISLAND IN
- EVERGLADES PLAZA CONDO
- FLORAL PARK
- FOUR 55 WORTH AVE CORP
- FOUR HUNDRED SO OCEAN BLVD CONDO
- FOUR-O-ONE WORTH AVE BLDG COND
- GREGORY ADD & REPL PB16P71 & PB18P10
- GREGORY ADDN
- HALCYON OF PALM BEACH
- HARBOUR HOUSE
- HILL SUB
- HORIZON EAST CONDO
- IBIS ISLE
- ISLAND HOUSE CONDO
- ISLAND RD DEV REV
- JAMAICA LANE IN
- JEANETTE COURT
- L ERMITAGE PALM BEACH COND DECL FILED 10-7-85 IN
- L’ERMITAGE PALM BEACH CONDO
- LA BONNE VIE CONDO
- LA PALMA CONDO
- LA PALMA CONDOMINIUM
- LA RENAISSANCE
- LA RENAISSANCE Direct Ocean
- LAGOMAR PARK 2
- LAKE DRIVE CO-OP APTS INC
- LAKE TOWERS COND DECL FILED 2-9-88 IN OR5569P946
- LAKE TOWERS CONDO
- LEVERETT HOUSE COND DECL FILED 9-22-82
- LEVERETT HOUSE CONDO
- Lima Addition
- LIST
- LIST ADD NO 2 IN
- MANANA ESTATES
- MANANA ESTATES 2
- MANANA ESTATES 3
- MELBORNE HOUSE CONDO
- MERIDIAN
- MERIDIAN OF PALM BEACH
- MERIDIAN OF PALM BEACH CONDO
- MID OCEAN CONDO
- MOCKINGBIRD TRAIL
- MOCKINGBIRD TRAIL TRACT
- NASSAU SQUARE APTS INC
- NEW SIEARS TR
- NORTH SHORE
- NORTH SHORE ADD TO P B IN
- NUMBER ONE NORTH OCEAN COND
- OCEAN CAY OF PALM BEACH
- OCEAN LANE IN
- OCEAN PARK
- OCEAN PARK ADD 1 IN
- OCEAN PARK H W ROBBINS
- OCEAN PARK H W ROBBINS ADD IN
- OCEAN TERRACE
- OCEAN TERRACE IN
- OCEAN TOWERS NORTH CONDO
- Ocean Towers South
- OCEAN TOWERS SOUTH CONDO
- OCEAN VIEW
- ONE ROYAL PALM
- ONE ROYAL PALM WAY CONDO
- PALM BEACH ATLANTIC COND DECL FILED 11-30-79
- PALM BEACH ATLANTIC CONDO
- PALM BEACH BILTMORE COND DECL FILED 7-9-80
- PALM BEACH BILTMORE CONDO
- PALM BEACH ESTATES
- PALM BEACH ESTS PB IN
- PALM BEACH HAMPTON CONDO
- PALM BEACH HOTEL COND DECL 2-12-81
- PALM BEACH HOTEL CONDO
- Palm Beach Hotel/Condo
- PALM BEACH SHORES REV
- PALM BEACH STRATFORD
- PALM BEACH STRATFORD COND DECL FILED 5-18-79
- PALM BEACH STRATFORD CONDO
- Palm Beach Towers
- PALM BEACH TOWERS COND
- PALM BEACH TOWERS CONDO
- PALM BEACH WHITEHOUSE
- PALM BEACH WHITEHOUSE CONDO
- Palm Gardens 1st Add
- PALM WORTH INC
- PALMBEACHER APTS INC
- PARK PLACE INC
- PARK PLACE INC 369 S LAKE DR PALM BEACH FL
- PATRICIAN OF PALM BEACH
- PATRICIAN OF PALM BEACH CONDO
- PELICAN LODGE CONDO
- PERUVIAN COND
- PERUVIAN COURT CONDO
- PERUVIAN TERRACE CONDO
- PHIPPS ESTATES
- PHIPPS PLAZA
- Pipers Cay Condo
- PLAZA PL
- POINCIANA PARK
- POINCIANA PARK 2ND ADD
- POINCIANA PARK 3RD ADD
- POLAN SUB
- POLMER PARK
- PRESIDENT OF PALM BEACH CONDO
- President Palm Beach Condo
- PRIMAVERA ESTATES LAKE FRONT
- PRIMAVERA ESTATES MIDDLE SEC
- PROXIMITY PARK IN
- RAFALSKY MARK
- RAFALSKY MARK REPL IN
- REEF CONDO
- REGENCY OF PALM BEACH INC
- REGENCY SIX CONDO
- REGENTS PARK IN
- RESIDENCES AT SLOANS CURVE
- ROOTS
- ROYAL PARK
- ROYAL PARK ADD TO P B
- ROYAL PARK ADD TO P B IN
- Royal Saxon
- ROYAL SAXON INC
- SEA ISLE EST
- SINGER
- SINGER ADD TO P B IN
- Sloans Curve II
- SOUTHLAKE COND DECL IN
- SOUTHLAKE CONDOMINIUM
- STOTESBURY PARK REV
- SUN & SURF ONE HUNDRED & ONE HUNDRED THIRTY CONDOS
- SUN AND SURF ONE HUNDRED AND THIRTY CONDOS
- SUTTON PLACE
- SUTTON PLACE CONDO
- TANGIER EST
- THE ENCLAVE
- THIRTY ONE TWENTY CONDO
- THIRTY TWO HUNDRED CONDO
- THIRTY-THREE SIXTY CONDO
- THREE EIGHTY NINE CORP LESSEE
- THREE EIGHTY NINE CORP LESSEE 389 S LAKE DR PALM BEACH FL
- THREE ELEVEN COCOANUT ROW CONDO
- THREE FIFTY CONDO
- THREE HUNDRED OCEAN BLVD APTS INC
- THREE THIRTY COCOANUT ROW CONDO
- THREE THIRTY OCEAN CONDO
- TOWER VALLANDRY IBIS ISLE CONDO PA
- Tropical Isle
- TWENTY FIVE HUNDRED SOUTH OCEAN BLVD COND
- TWENTY FIVE HUNDRED SOUTH OCEAN BLVD CONDO
- TWENTY ONE HUNDRED CONDO
- TWENTY SEVEN SEVENTY SOUTH OCEAN BLVD
- TWENTY SEVEN SEVENTY SOUTH OCEAN BOULEVARD COND DECL FILED 4-19-90
- TWENTY SIX HUNDRED CONDO
- TWENTY TWO NINETY FIVE SOUTH OCEAN BLVD
- TWENTY TWO NINETY FIVE SOUTH OCEAN BLVD CORP 2295 S OCEAN BLVD
- TWO NORTH BREAKERS ROW CONDO
- TWO THIRTY FOUR OLEANDER AVENUE CONDO
- TWO THOUSAND COND AT SLOANS CURVE DECL FILED 12-21-81
- TWO THOUSAND CONDO
- Two Thousand Condo at Sloans Curve
- VIA VIZCAYA
- VIA VIZCAYA ADD IN
- VILLA DEL SUR APTS CONDO
- VILLA PLATI TOWNHOMES
- VILLA SEREIN OF IBIS ISLE CONDO
- VILLA TAMBOUR IBIS ISLE CONDO
- VILLAS INC
- VITA SERENA
- WARDEN HOUSE CONDO
- WELLS CIRCLE REPLAT PB26P244 & PB28P52
- WINTHROP HOUSE COND DECL IN
- WINTHROP HOUSE CONDO
- Woods Landing
- Woods Landing 2
- WOODS LANDING 3
Market Summary
Current real estate data for Single Family in Palm Beach as of May 14, 2026
127
Single Family Listed
156
Avg DOM
4,338
Avg $ / SqFt
$28,118,323
Avg List Price
Property Summary
- Located in the THREE EIGHTY NINE CORP LESSEE subdivision, 389 S Lake Drive Phb Palm Beach FL is a Single Family for sale in Palm Beach, FL, 33480. It is listed for $7,980,000 and features 3 beds, 3 baths, and has approximately 2,443 square feet of living space, and was originally constructed in 1967. The current price per square foot is $3,266. The average price per square foot for Single Family listings in Palm Beach is $4,338. The average listing price for Single Family in Palm Beach is $28,118,323. To schedule a showing of MLS#b26027444 at 389 S Lake Drive Phb in Palm Beach, FL, contact your Acquire Palm Beach LLC agent at 561-279-3333.
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