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Sold for $1,450,000
  • $1,450,000

    389 S Lake Dr APT 2F, Palm Beach, FL 33480

    2beds
    1,703sqft
    Condo/Co-Op
    Built in 1967
    -- sqft lot
    $1,482,800 Zestimate®
    $851/sqft
    $13,866 Estimated rent

    Home value

    $1,482,800

    $1.32M - $1.66M

    $13,866/mo

    Zestimate® history
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    What's special

    Stunning viewsNatural light
    This elegant two-bedroom, two-bath condo is pet-friendly and located in the heart of Palm Beach, just steps from Worth Ave shopping and dining. Building is directly across from the state-of-the-art Palm Beach Marina. Featuring soaring 9-foot ceilings, the residence is bathed in natural light and offers stunning views of the surrounding area. Situated in a full-service building with pool and 24-hour doorman, this unit also includes one assigned parking space. This prime location offers the perfect blend of luxury, convenience, and coastal living.

    Zillow last checked:

    Listing updated:

    Listed by:

    SHIRLEY M WYNER 561-366-2001,

    William Raveis Real Estate,

    Cynthia P Bray, PA 561-329-7968

    Bought with:

    ALLISON KAVANAUGH WREN, 3199580

    The Corcoran Group

    Source: Palm Beach BOR,MLS#: 25-314

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: Main
    • Area: 238
    • Dimensions: 14 x 17
    Bedroom 2
    • Level: Main
    • Area: 224
    • Dimensions: 14 x 16
    Other
    • Level: Main
    • Area: 252
    • Dimensions: 9 x 28
    Living room
    • Level: Main
    • Area: 476
    • Dimensions: 17 x 28
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Refrigerator, Freezer, Electric Range, Dishwasher, Microwave, Jenn-Aire, Disposal, Ice Maker, Oven
    Features
    • Storage, Pantry
    • Flooring: Tile
    • Windows: Window Treatments
    Interior area
    • Total structure area: 1,703
    • Total interior livable area: 1,703 sqft

    Property

    Parking
    • Total spaces: 1
    Features
    • Exterior features: Sprinkler System
    • Has private pool: Yes
    • Pool features: Gas Heat, Fresh Water
    Details
    • Parcel number: 50434327630002060
    • Zoning: R-D(1) - Moderate Density Residential

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condo/Co-Op
    Condition
    • Year built: 1967

    Utilities & green energy

    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Pool
    • Security: Smoke Detector(s)
    HOA
    • Has HOA: Yes
    • Amenities included: Full Time Manager
    • Services included: Insurance, Cable TV, Common Area
    Location
    • Region: Palm Beach

    Financial & listing details

    • Price per square foot: $851/sqft
    • Tax assessed value: $1,721,376
    • Annual tax amount: $5,555
    • Date on market: 2/17/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    8/6/2025Listing removed$15,000$9/sqft
    Source: Zillow Rentals Report a problem
    8/5/2025Sold$1,450,000-17.1%$851/sqft
    Source: Palm Beach BOR #25-314 Report a problem
    4/30/2025Pending sale$1,750,000$1,028/sqft
    Source: Palm Beach BOR #25-314 Report a problem
    4/18/2025Listed for rent$15,000$9/sqft
    Source: Zillow Rentals Report a problem
    4/17/2025Price change$1,750,000-12.5%$1,028/sqft
    Source: Palm Beach BOR #25-314 Report a problem
    2/17/2025Listed for sale$1,999,000-20%$1,174/sqft
    Source: Palm Beach BOR #25-314 Report a problem
    8/2/2024Listing removed$2,500,000$1,468/sqft
    Source: William Raveis Real Estate, Mortgage & Insurance #RX-10948322 Report a problem
    6/7/2024Price change$2,500,000-10.7%$1,468/sqft
    Source: BeachesMLS #RX-10948322 Report a problem
    4/15/2024Price change$2,800,000-3.4%$1,644/sqft
    Source: BeachesMLS #RX-10948322 Report a problem
    1/8/2024Listed for sale$2,900,000+46.8%$1,703/sqft
    Source: BeachesMLS #RX-10948322 Report a problem
    7/1/2022Listing removed--
    Source: BeachesMLS #RX-10780361 Report a problem
    3/28/2022Price change$1,975,000-10.2%$1,160/sqft
    Source: BeachesMLS #RX-10780361 Report a problem
    3/1/2022Listed for sale$2,200,000+76%$1,292/sqft
    Source: BeachesMLS #RX-10780361 Report a problem
    10/7/2019Listing removed$1,250,000$734/sqft
    Source: Brown Harris Stevens #2000212969 Report a problem
    1/7/2019Listed for sale$1,250,000+257.1%$734/sqft
    Source: Brown Harris Stevens of PB #RX-10493076 Report a problem
    12/30/2011Sold$350,000+337.5%$206/sqft
    Source: Agent Provided Report a problem
    6/1/1973Sold$80,000$47/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,717 +2.9%$387,130 +2.9%
    2024$5,554 -10.7%$376,220 +3%
    2023$6,217 -0.9%$365,262 +3%
    2022$6,275 -1.3%$354,623 +3%
    2021$6,355 -2.1%$344,294 +1.4%
    2020$6,491 +0.5%$339,540 +2.3%
    2019$6,459 $331,906 +1.9%
    2018$6,459 +5.8%$325,717 +3.2%
    2017$6,105 +0.3%$315,576 +2.1%
    2016$6,085 +2.4%$309,085 +0.7%
    2015$5,945 -3.2%$306,936 +0.8%
    2014$6,142 +27.9%$304,500 +1.5%
    2013$4,801 -8.9%$300,000 -6.7%
    2012$5,269 -25.2%$321,388 -13.1%
    2011$7,043 +32.8%$370,000 +17.8%
    2010$5,302 -7.9%$314,000 -10%
    2009$5,755 +5.3%$349,000 -2.2%
    2008$5,467 -0.2%$356,675 +3%
    2007$5,476 -6%$346,286 +2.5%
    2006$5,826 $337,840 +3%
    2005-- $328,000 +187.9%
    2004$964 +1718.6%$113,938 +1.9%
    2003$53 -97%$111,814 +2.4%
    2002$1,738 +0.6%$109,193 +1.6%
    2001$1,728 +2.8%$107,473 +3%
    2000$1,681 +6.6%$104,343
    1999$1,577 --
    Find assessor info on the county website

    Neighborhood: 33480

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,482,800
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    Estimated market value
    $1,482,800