Sold for $1,900,000

$1,900,000

389 S Lake Dr APT 3H, Palm Beach, FL 33480

2beds

1,760sqft

Condo/Co-Op

Built in 1967

-- sqft lot

$1,929,200 Zestimate^®

$1,080/sqft

$7,073 Estimated rent

Home value

$1,929,200

$1.74M - $2.14M

$7,073/mo

Zestimate^® history

Owner options

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$7,073/mo

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$7,073/mo

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$13,064/mo

Est. payment

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$13,064/mo

Est. payment

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What's special

New bathsNew more modern facade

BEST IN TOWN VALUE! Renovated to perfection, no cost spared. Full impact doors and windows, new kitchen with Carrara marble counters, new baths, and beautiful wide-plank wood floors throughout the main rooms. Views of the Intracoastal, Town Docks, and the building swimming pool. Conveniently located one street north of Worth Avenue on the corner of Peruvian Avenue and the Town Docks. The 389 Building is professionally managed with a full-time doorman and off-street parking. The building has undergone extensive quality enhancements, resulting in a new, more modern facade.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: Main
Area: 238
Dimensions: 17 x 14

Bedroom 2

Level: Main
Area: 240
Dimensions: 16 x 15

Other

Level: Main
Area: 232
Dimensions: 29 x 8

Living room

Level: Main
Area: 459
Dimensions: 27 x 17

Heating

Central

Cooling

Central Air

Appliances

Included: Refrigerator, Electric Range, Dishwasher, Microwave, Disposal, Washer, Dryer, Ice Maker
Laundry: In Unit

Features

Ceiling Fan(s), Storage
Flooring: Tile, Hardwood
Doors: Impact Doors
Windows: Impact Windows

Interior area

Total structure area: 1,760
Total interior livable area: 1,760 sqft

Property

Parking

Total spaces: 2

Features

Exterior features: Elevator, Lobby
Has private pool: Yes
On waterfront: Yes

Details

Parcel number: 50434327630003080
Zoning: R-D(2) - Heavy 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), Door Person

HOA

Has HOA: Yes
Amenities included: Full Time Manager
Services included: Insurance, Cable TV, Maintenance Structure, Pest Control, Sewer, Water

Location

Region: Palm Beach

Financial & listing details

Price per square foot: $1,080/sqft
Tax assessed value: $2,235,099
Annual tax amount: $3,657
Date on market: 2/2/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,Other

Price history

Date	Event	Price
4/16/2026	Sold	$1,900,000-24%$1,080/sqft
Source: Palm Beach BOR #26-224 Report a problem
3/24/2026	Pending sale	$2,500,000$1,420/sqft
Source: Brown Harris Stevens #11159980 Report a problem
3/24/2026	Contingent	$2,500,000$1,420/sqft
Source: Palm Beach BOR #26-224 Report a problem
2/13/2026	Price change	$2,500,000-27.5%$1,420/sqft
Source: Palm Beach BOR #26-224 Report a problem
2/2/2026	Listed for sale	$3,450,000+1280%$1,960/sqft
Source: BeachesMLS #RX-11159980 Report a problem
9/1/1989	Sold	$250,000$142/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,657 +3%	$247,776 +2.9%
2024	$3,552 -17.4%	$240,793 +3%
2023	$4,301 -1.3%	$233,780 +3%
2022	$4,359 -1.1%	$226,971 +3%
2021	$4,406 -3%	$220,360 +1.4%
2020	$4,544 +0.4%	$217,318 +2.3%
2019	$4,524	$212,432 +1.9%
2018	$4,524 +6.3%	$208,471 +3.7%
2017	$4,257 +0.4%	$200,947 +2.1%
2016	$4,242 +3.9%	$196,814 +0.7%
2015	$4,083 -2.9%	$195,446 +0.8%
2014	$4,205 +48.4%	$193,895 +1.5%
2013	$2,835 +0.5%	$191,030 +1.7%
2012	$2,821 +1.2%	$187,837 +3%
2011	$2,788 +1.2%	$182,366 +1.5%
2010	$2,756 +7.2%	$179,671 +2.7%
2009	$2,572 +7.9%	$174,947 +0.1%
2008	$2,384 -4.8%	$174,772 +3%
2007	$2,503 -5.7%	$169,682 +2.5%
2006	$2,655	$165,543 +3%
2005	--	$160,721 +3%
2004	$1,428 +2594.7%	$156,040 +1.9%
2003	$53 -97.9%	$153,131 +2.4%
2002	$2,560 +0.5%	$149,542 +1.6%
2001	$2,548 +2.5%	$147,187 +3%
2000	$2,486 -16%	$142,900
1999	$2,961	--