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Off market
  • $1,890,300

    389 S Lake Dr APT 5E, Palm Beach, FL 33480

    2beds
    1,184sqft
    SingleFamily
    Built in 1967
    -- sqft lot
    $1,890,300 Zestimate®
    $1,597/sqft
    $6,494 Estimated rent

    Home value

    $1,890,300

    $1.64M - $2.17M

    $6,494/mo

    Zestimate® history
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    $14,856/mo

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    $14,856/mo

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    What's special

    Palm Beach, Florida -'Buyer's Dream. Totally gutted and redone including NEW A/C and DUCT WORK for pure air quality. Exceptional 2/2 with 9 foot ceilings, S & W views, Everglades Club Lagoon, Hardwood floors, enclosed 32 foot loggia, easy flow, central to in-town Palm Beach, walk to Worth Avenue 2 car parking, one covered, pets allowed dogs allowed.''Rarely do we have the opportunity to offer a residence which has been renovated to the level of unit 5E. The present owners gutted the apartment and rebuilt everything. Strategic improvements make the unit more user friendly to satisfy today's owner's needs.''If you have ever thought that you wanted to move into a new house but didn't want the hassle of doing the work, then this is your chance to walk in, "Drop your bags" and start living TODAY.''It is important to note the exceptional level of improvements because the next owner will appreciate the detail and completeness of the improvements.'For those who are sensitive to air quality, you will appreciate the new A/C and "Ductwork" sending crisp clean air to your lungs.''The Improvements are as follows:'New Impact Windows throughout.'Roll down electric window shades on Loggia.'New Air Conditioning system and new "Ductwork" throughout.'Two new water heaters.'New wood floors throughout by Absolute Flooring.'New kitchen with Sub-Zero refrigerator, Bosch Washer Dryers, KitchenAid Oven and Cooktop and KitchenAid Microwave oven.'Bathrooms rebuilt with new marble and granite.'New woodwork throughout, crown, floor and door and window molding.'All new electrical panel and wiring throughout.'Ceiling fans in Loggia and Guest rooms.'New custom built kitchen cabinets, living room built in cabinets. Master bedroom built-in closet and cabinets in dining area. Living Room built in Bookcase with four bays of storage with roll-out shelves.'Master Bedroom custom Plantation Shutters on windows and Master closet'Guest Room Custom Plantation closet shutters.''This apartment is exceptional because it lives like a house but with the convenience of being on one level. The convenience of "Lock and Go" from this unit will give the owner comfort knowing everything in their new home is new.'The proximity of the 389 South Lake Building is one of the most strategically located buildings in Palm Beach. Worth Avenue is just around the corner and places you on the most prestigious Avenue in the world. There is a reason why people acknowledge Palm Beach as the number 1 international destination in the U.S.'When you visit Palm Beach, you become part of the fabric of this tropical jewel. There are many small and quaint via that lead off Worth Avenue and will reveal unique dining and shopping opportunities to the discriminating visitor. Everywhere you look shows the care and attention this town is known for.'The town is a polished jewel and visitors truly feel the welcoming spirit of this tropical paradise. It is also why people are comfortable investing in Palm Beach. Your investment is protected because you are a part of a community that believes in re-investing in itself. There is a reason Palm Beach is home to the wealthiest people in the world and you can be a part of that.'As you leave the building and head west, you can take a leisurely stroll through the park which fronts on the intracoastal. The building allows dogs up to 45 Lbs. and your dog will appreciate the green grass squishing between his little toes. He will also enjoy the shade from the massive Poinciana trees in the park.'Palm Beach is the polished jewel in South Florida. The town is continually updating street to enhance the image o

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 1,184 sqft

    Property

    Features
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 50434327630005050

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • masonry
    Condition
    • Year built: 1967

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $1,931 monthly
    Location
    • Region: Palm Beach

    Financial & listing details

    • Price per square foot: $1,597/sqft
    • Tax assessed value: $1,654,528
    • Annual tax amount: $6,199

    Price history

    DateEventPrice
    2/22/2016Listing removed$1,675,000$1,415/sqft
    Source: The Corcoran Group #9800 Report a problem
    2/4/2016Listed for sale$1,675,000+597.9%$1,415/sqft
    Source: The Corcoran Group #RX-10205079 Report a problem
    1/16/2012Sold$240,000$203/sqft
    Source: Agent Provided Report a problem
    12/1/1984Sold$240,000$203/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,199 +2.9%$419,658 +2.9%
    2024$6,023 -9.7%$407,831 +3%
    2023$6,669 -0.9%$395,952 +3%
    2022$6,728 -1.3%$384,419 +3%
    2021$6,816 -1.9%$373,222 +1.4%
    2020$6,951 +0.5%$368,069 +2.3%
    2019$6,916 $359,794 +1.9%
    2018$6,916 +5.7%$353,085 +3.3%
    2017$6,541 +0.4%$341,874 +2.1%
    2016$6,513 +2.1%$334,842 +0.7%
    2015$6,378 -3.3%$332,514 +0.8%
    2014$6,592 +25.5%$329,875 +1.5%
    2013$5,252 -21.6%$325,000 -9.7%
    2012$6,700 -4%$360,000 +1.3%
    2011$6,977 +12.2%$355,300 +10%
    2010$6,217 -6.6%$323,000 -10.1%
    2009$6,657 +4.4%$359,250 -3.2%
    2008$6,376 -11.5%$370,950 -12.5%
    2007$7,205 -18.1%$424,000 -10.5%
    2006$8,792 $474,000 +39%
    2005-- $341,000 +40.3%
    2004$2,648 +4897.1%$243,000
    2003$53 -98.8%$243,000 +14.6%
    2002$4,321 +17.5%$212,000 +19.4%
    2001$3,679 +32.3%$177,600 +34.3%
    2000$2,781 +1.5%$132,200
    1999$2,739 --
    Find assessor info on the county website

    Neighborhood: 33480

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,890,300
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    Estimated market value
    $1,890,300