For sale

$7,980,000

389 S Lake Dr #Phb, Palm Beach, FL 33480

3beds

2,443sqft

$54,592/mo

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Condo/Co-Op

Built in 1967

-- sqft lot

$7,145,800 Zestimate^®

$3,266/sqft

$-- HOA

What's special

Handsome wood-paneled denExpansive wraparound terracesSoaring ceilingsSpacious kitchenTimeless architectural detailsImpact sliding doorsOversized walk-in closet

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.

82 days

305

8

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Cooling

Central Air

Appliances

Included: Refrigerator, Freezer, Electric Range, Dishwasher, Microwave, Disposal, Washer, Dryer, Ice Maker, Double Oven
Laundry: In Unit, Common Area

Features

Storage, Pantry
Flooring: Hardwood, Stone
Windows: Window Treatments, Impact Windows

Interior area

Total structure area: 3,337
Total interior livable area: 2,443 sqft

Property

Features

Exterior features: Balcony, Elevator, Lobby, Sprinkler System
Has private pool: Yes
Pool features: Electric Heat
On waterfront: Yes

Details

Parcel number: 50434327630006020
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: Clubhouse, Pool
Security: Smoke Detector(s), Security System, Door Person

HOA

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

Location

Region: Palm Beach

Financial & listing details

Price per square foot: $3,266/sqft
Tax assessed value: $4,300,000
Annual tax amount: $55,480
Date on market: 5/12/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash

Estimated market value

$7,145,800

$6.79M - $7.50M

Not available

Price history

Date	Event	Price
5/12/2026	Listed for sale	$7,980,000$3,266/sqft
Source: BeachesMLS #B26027444 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$55,480 +4.8%	$3,221,020 +10%
2024	$52,964 +14%	$2,928,200 +10%
2023	$46,460 +12.1%	$2,662,000 +10%
2022	$41,429 +8.4%	$2,420,000 +10%
2021	$38,230 -2.2%	$2,200,000
2020	$39,094 -1.6%	$2,200,000
2019	$39,737	$2,200,000
2018	$39,737 +3.3%	$2,200,000 -8.3%
2017	$38,466 -9.9%	$2,400,000 +9.1%
2016	$42,686 +5.6%	$2,200,000 +341.1%
2015	$40,423 +271.3%	$498,806 +0.8%
2014	$10,887 +33%	$494,847 +1.5%
2013	$8,185 +0.2%	$487,534 +1.7%
2012	$8,166 +0.8%	$479,384 +3%
2011	$8,100 +0.7%	$465,421 +1.5%
2010	$8,042 +6.7%	$458,543 +2.7%
2009	$7,538 +8%	$446,488 +0.1%
2008	$6,983 +0.7%	$446,042 +3%
2007	$6,936 -6.1%	$433,050 +2.5%
2006	$7,384	$422,488 +3%
2005	--	$410,183 +3%
2004	$4,068 +7575.4%	$398,236 +1.9%
2003	$53 -99.3%	$390,811 +2.4%
2002	$7,232 +0.3%	$381,651 +1.6%
2001	$7,209 +2.1%	$375,641 +3%
2000	$7,061 +0.3%	$364,700
1999	$7,038	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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