389 S Lake Drive # Phb, Palm Beach, FL 33480
Palm Beach, FL 33480 · THREE EIGHTY NINE CORP LES
- Beds
- 3
- Baths
- 3
- Sq ft
- 2,443
- $ / sq ft
- $3,266▲ 136% above
- Days on market
- 144
- Status
- Active
- MLS #
- B26027444
Key numbers
The figures buyers ask about first, straight from the MLS record.
Price history
Each asking-price event recorded on this MLS listing, newest first.
| Date | Event | Price | Change |
|---|---|---|---|
| May 11, 2026 | Listed for sale | $7,980,000 | — |
How this listing compares in Palm Beach
Against the median of MLS sales closed in Palm Beach over the past 12 months.
| Metric | This listing | Palm Beach median | Difference |
|---|---|---|---|
| Price per sq. ft. | $3,266 | $1,382 | ▲ 136% above |
| 3-bedroom price | $7,980,000 | $3,700,000 | ▲ 116% above |
| Days on market | 144 | 90 | +54 days |
Per square foot, it is asking 136% above the Palm Beach median for sales closed over the last twelve months — typical of premium views, newer construction or a top-tier building.
Medians from closed MLS sales in Palm Beach; a starting point, not an appraisal.
Carrying costs
Estimates built from the HOA and tax amounts reported in the MLS listing.
| Cost | Per month | Per year |
|---|---|---|
HOA / association dues Quarterly | $3,500 | $42,000 |
Property taxes 2025 tax bill | $4,623 | $55,480 |
| Estimated total | $8,123 | $97,480 |
The tax figure is the current owner's bill and is often reassessed after a sale; insurance and utilities are not included.
Property facts
Every field the MLS publishes for this home, grouped by topic.
Home features at 389 S Lake Drive # Phb, Palm Beach, FL 33480
- Bathrooms Full
- 3
- Bathrooms Half
- 0
- Rooms Total
- 3
- Room Bedroom Features
- Primary Bath Shower, Primary Bath Tub
- 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
- Direction Faces
- Southwest
The building at 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 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
- Parking Features
- Assigned, Awning, Covered, Deeded, Guest
Lot, views & construction at 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
- Pool Features
- Community
- Pool Private
- Yes
- 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
- Year Built Details
- Resale
Taxes & public record for 389 S Lake Drive # Phb, Palm Beach, FL 33480
- Association Fee
- $10,500
- Association Fee Frequency
- Quarterly
- Tax Annual Amount
- $55,480
- Tax Year
- 2025
- Parcel Number
- 50434327630006020
- Tax Legal Description
- THREE EIGHTY NINE CORP LESSEE PENTHOUSE B
- Zoning
- R-D(2) (city)
- County Or Parish
- Palm Beach County
Listing record for 389 S Lake Drive # Phb, Palm Beach, FL 33480
- MLS number
- B26027444
- Status
- Active
- Property type
- Stock Cooperative
- Listing Contract Date
- 2026-05-11
- On Market Date
- 2026-05-11
- Listing Terms
- All Cash
- Days on market
- 144
About 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.
389 S Lake Drive # Phb, Palm Beach, FL 33480 at a glance
Offered for sale in Palm Beach 33480, 389 S Lake Drive # Phb is a stock cooperative with 3 bedrooms, 3 bathrooms, about 2,443 square feet of living space, dating to 1967. The asking price is $7,980,000, on the market since May 11, 2026, with Brown Harris Stevens of PB as the listing brokerage. Students here are assigned to Palm Beach Public and Forest Hill Community. Ask Matthew Gromadzki for a private showing, the full disclosure package, or comparable sales before you make an offer.
Assigned schools for 389 S Lake Drive # Phb, Palm Beach, FL 33480
School assignments are provided by the listing and should be independently verified.
| Level | School |
|---|---|
| Elementary School | Palm Beach Public |
| High School | Forest Hill Community |
Map, street view & neighborhood
Palm Beach 33480
- City
- Palm Beach
- ZIP code
- 33480
- County
- Palm Beach County
- Neighborhood
- THREE EIGHTY NINE CORP LES
- Coordinates
- 26.70206, -80.04314