Experience the epitome of Palm Beach living at 389 S Lake Drive, an exclusive, full-service boutique building in the heart of Midtown. This light-filled residence is perfectly positioned just one block from world-renowned Worth Avenue, the scenic Lake Trail, and the town docks. Enjoy serene Intracoastal and pool views from your private oasis. The pet-friendly building offers a sophisticated lifestyle with premium amenities, including a professional doorman, heated swimming pool, on-site management, and assigned parking. Many units feature modern renovations, high ceilings, impact glass, and in-unit laundry. Don't miss this rare opportunity to own in one of the Island's most coveted locations
Sold for $1,250,000
$1,250,000
389 S Lake Drive #5d, Palm Beach, FL 33480
2beds
1,414sqft
Condominium, Stock Cooperative
Built in 1967
-- sqft lot
$1,256,000 Zestimate®
$884/sqft
$7,238 Estimated rent
Home value
$1,256,000
$1.13M - $1.39M
$7,238/mo
Zestimate® history
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$7,238/mo
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$7,238/mo
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$14,578/mo
Est. payment
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$14,578/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Brian Jacobs PA 561-262-6778,
Network Property Group, LLC
Bought with:
Brian Jacobs PA, 0697356
Network Property Group, LLC
Source: BeachesMLS,MLS#: R11149086
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: First
- Area: 238
- Dimensions: 17 X 14
Primary bedroom
- Level: First
- Area: 238
- Dimensions: 17 X 14
Kitchen
- Level: First
- Area: 140
- Dimensions: 14 X 10
Kitchen
- Level: First
- Area: 140
- Dimensions: 14 X 10
Living room
- Level: First
- Area: 476
- Dimensions: 28 X 17
Living room
- Level: First
- Area: 476
- Dimensions: 28 X 17
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Electric Range, Free-Standing Freezer, Disposal, Microwave, Refrigerator, Washer
Features
- Built-in Features, Entrance Foyer, Elevator, Living/Dining Room, Separate Shower, Walk-In Closet(s)
- Flooring: Carpet, Wood
- Furnished: Yes
Interior area
- Total structure area: 1,702
- Total interior livable area: 1,414 sqft
Property
Features
- Pool features: In Ground, Association
- Has view: Yes
- View description: City, Intercoastal, Lake
- Has water view: Yes
- Water view: Intercoastal,Lake
- Waterfront features: Lake Front
Lot
- Size: 1.55 Acres
- Features: 1-2 Acres
Details
- Parcel number: 50434327630005040
- Zoning: R-D(2)
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Stock Cooperative
Materials
- Other, Concrete
Condition
- Resale
- New construction: No
- Year built: 1967
Utilities & green energy
- Electric: 3 Phase
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: THREE EIGHTY NINE CORP LESSEE
HOA
- Has HOA: Yes
- Amenities included: Elevator(s), Pool
- Services included: Common Areas, Cable TV, Insurance, Pest Control, Sewer, Trash, Water
- HOA fee: $5,984 monthly
Location
- Region: Palm Beach
Financial & listing details
- Price per square foot: $884/sqft
- Annual tax amount: $6,103
- Date on market: 12/21/2025
- Cumulative days on market: 4 days
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Sold | $1,250,000-16.7%$884/sqft |
Source:  BeachesMLS #R11149086 Report a problem | ||
| 1/24/2026 | Pending sale | $1,500,000$1,061/sqft |
Source: BeachesMLS #RX-11149086 Report a problem | ||
| 12/21/2025 | Listed for sale | $1,500,000-47.4%$1,061/sqft |
Source: BeachesMLS #RX-11149086 Report a problem | ||
| 11/4/2022 | Listing removed | -- |
Source: Palm Beach BOR #22-941 Report a problem | ||
| 6/15/2022 | Listed for sale | $2,850,000$2,016/sqft |
Source: BeachesMLS #RX-10808672 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 33480
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Nearby schools
GreatSchools rating
- 8/10Palm Beach Public SchoolGrades: PK-5Distance: 0.3 mi
- 4/10Conniston Middle SchoolGrades: 6-8Distance: 2 mi
- 3/10Forest Hill Community High SchoolGrades: 9-12Distance: 3.6 mi
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Estimated market value
$1,256,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,256,000
- Florida
- Palm Beach County
- Palm Beach
- 33480
- 389 S Lake Drive Unit 5d
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