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$7,980,000

389 Lake Dr

Palm Beach, FL
Pending
3
Bedrooms
3
Bathrooms
3,337
Square Feet
1.55
Lot Size (acres)
1967
Year Built
186
Days On Market

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.

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Listing Information

Listing Updated
7 days ago
Listed By
Ashley Copeland, 5615965959 · Brown Harris Stevens of PB, 5616596400
MLS#
B26027444
Source
Beaches MLS
Status
Pending

Facts & Features

Location

Community Information

Address
389 S Lake Dr #PHB, Palm Beach, FL 33480
City
Palm Beach
County
Palm Beach
Neighborhood
THREE EIGHTY NINE CORP LESSEE
Zip Code
33480

Architecture

Bedrooms
3
Bathrooms
3
Stories
6
Year Built
1967
Style
Traditional
Construction Materials
Block
Building Area
3,337 sq. ft.
Roof
Other
Levels
One
Garage Spaces
0
Parking Features
Covered, Assigned, Guest, Deeded

Features & Amenities

Interior Features
Walk-In Closet(s), Pantry, Storage, Entrance Foyer, Built-in Features, Soaking Tub
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer, Disposal, Cooktop, Oven, Freezer, Ice Maker, Water Heater, Electric Cooktop, ENERGY STAR Qualified Refrigerator
Flooring
Tile, Wood, Marble
Exterior Features
Balcony
Patio and Porch
Covered
Community Features
Street Lights
Cooling
Central Air
Heating
Central

Property Features

Lot Size
1.55 Acres
Lot Features
Waterfront
View
Water, Marina
Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Sewer Available, Electricity Available, Water Connected

Square Footage

Total
2,443 sq. ft.

Tax & Financial Information

List Price
$7,980,000
Annual Taxes
$55,480
Association Fee
$10,500 (paid Quarterly)
Fee Includes
Trash, Maintenance Grounds, Maintenance Structure, Sewer, Insurance, Cable TV, Security, Pest Control
Association Amenities
Trash, Clubhouse, Pool, Management, Elevator(s), Parking, Laundry, Maintenance Grounds, Security

Schools

52/100
Palm Beach Public School
Elementary · Grades PK–05 · 0.4 mi
Assigned school for this home
City
Palm Beach
Students
384
Student body
56% White · 35% Hispanic / Latino · 5% Black
Free/reduced lunch
44%
Phone
(561) 822-0700
75/100
Learning Path Academy
Elementary · Grades PK–05 · 1.7 mi
City
West Palm Beach
Students
186
Student–teacher
8.8
Student body
67% Hispanic / Latino · 17% Black · 14% White
Free/reduced lunch
95%
Phone
(561) 444-9832
59/100
Alexander W Dreyfoos Junior School Of The Arts
High · Grades 09–12 · 1.2 mi
City
West Palm Beach
Students
1,371
Parent reviews
2.7★ avg · 6 reviews
Student body
54% White · 23% Hispanic / Latino · 9% Black
Free/reduced lunch
20%
Phone
(561) 802-6000
55/100
Belvedere Elementary School
Elementary · Grades PK–05 · 1.6 mi
City
West Palm Beach
Students
456
Student body
70% Hispanic / Latino · 14% White · 14% Black
Free/reduced lunch
95%
Phone
(561) 838-5900
53/100
U. B. Kinsey/Palmview Elementary
Elementary · Grades PK–05 · 1.8 mi
City
West Palm Beach
Students
496
Parent reviews
2.0★ avg · 6 reviews
Student body
86% Black · 6% Hispanic / Latino · 5% White
Free/reduced lunch
75%
Phone
(561) 671-6500
51/100
Joseph Littles-Nguzo Saba
Grades KG–08 · 2.2 mi
City
West Palm Beach
Phone
(561) 803-9001
48/100
Conniston Middle Adult Education Center
Grades N–N · 2 mi
City
West Palm Beach
Phone
(561) 802-5406
48/100
Conniston Middle School
Middle · Grades 06–08 · 2 mi
City
West Palm Beach
Students
1,153
Student–teacher
15.5
Parent reviews
2.6★ avg · 10 reviews
Student body
71% Hispanic / Latino · 14% Black · 13% White
Free/reduced lunch
60%
Phone
(561) 802-5400

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
05/12/2026Listed for sale$7,980,000

Listed by Ashley Copeland · Brown Harris Stevens of PB · 5616596400

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Beaches MLS. All rights reserved.

Last Updated: November 6, 2026 at 8:13 PM | Source: Beaches MLS | MLS#: B26027444

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