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, Covered, Deeded, 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
Market Summary
Current real estate data for Single Family in Palm Beach as of Jul 26, 2026
89
Single Family Listed
195
Avg DOM
4,483
Avg $ / SqFt
$29,270,291
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 $4,483. The average listing price for Single Family in Palm Beach is $29,270,291.
Similar Listings Nearby
389 S Lake Drive Phb
Palm Beach, FL