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389 S Lake Drive 2f, Palm Beach, FL 33480 (MLS# R11063649)

389 S Lake Drive 2f, Palm Beach, FL 33480

$1,450,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,703 Status: Closed
Current Price: $1,450,000 List Date: 2/18/2025 Last Modified: 5/27/2026

Overview

Description

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.

Listing Details MLS# R11063649

General Property Information

Total Units In Building
41
Unit Floor #
2
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1703
Building Area Source
Public Records
Living Area Main
1703
Year Built
1967
Carport YN
Yes
Carport Spaces
Yes
Covered Spaces
Yes
Gated Community YN
No
Lot Size Area
67570
Lot Size Acres
1.55
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
6
Direction Faces
South
Pool Private YN
No
Furnished
Unfurnished

Property Features

Application Information: Personal Interview Required Electric: Three Phase Flooring: Ceramic Tile Parking Features: Assigned Property Condition: Resale Appliances: Dishwasher; Disposal; Electric Range; Free-Standing Freezer; Ice Maker; Microwave; Refrigerator; Washer Construction Materials: Concrete Cooling: Central Air Association Type: Co-Op Heating: Central Interior Features: Elevator; Storage Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Size Limit Possession: Close Of Escrow Restrictions: Buyer Approval Required; Parking - No Commercial Vehicles; Parking - No Motorcycle; Parking - No Truck Other Leasing Restrictions: Leasing Prohibited 1st 2 Years Road Frontage Type: East of US-1 Security Features: Fire Sprinkler System Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Outdoor Living Spaces: Balcony Contingencies: 3rd Party Approval Room Types: Kitchen; Living Room; Master Bedroom Acreage Description: 1 To Less Than 2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1999000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
389
Street Direction Prefix
S
Street Name
Lake
Street Suffix
Drive
Unit Number
2f
City Name
Palm Beach
State Or Province
FL
Postal Code
33480
Postal Zip
33480
Subdivision Name
THREE EIGHTY NINE CORP LESSEE
Area
5002
Geographic Area
PB30
Special Assessment YN
No
Parcel Number
50434327630002060
Zoning
R-D(2)

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
2800
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Membership Fee Required YN
No
Tax Annual Amount
5555
Tax Year
2024
Tax Legal Description
THREE EIGHTY NINE CORP LESSEE APT 2-F

Status Change Information

Major Change Timestamp
2025-08-02T13:26:18Z
Major Change Type
Status Change
Price Change Timestamp
2025-04-18T16:28:12Z
Status Change Date
2025-08-02
Under Contract Date
2025-04-30
Close Date
2025-08-01
Close Price
1450000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Parking Information

Open Parking Spaces
Yes

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Pet Details

Total Weight Limit (Pets)
25

Storm Protection

Accordian Shutters
Complete

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main
Kitchen
Yes
Living Room
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
851.43
Original List Price To Close Price
1.37

Originating Details

Originating System Key
20250218194245693918000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Application Information

Personal Interview Required
Yes

Amenities

Elevator(s)
Yes
Jogging Path
Yes

Electric

Three Phase
Yes

Flooring

Ceramic Tile
Yes

Parking Features

Assigned
Yes

Property Condition

Resale
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes
Sewer Available
Yes
Water Available
Yes

Heating

Central
Yes

Water Access

None
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Electric Range
Yes
Free-Standing Freezer
Yes
Ice Maker
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

Concrete
Yes

Interior Features

Elevator
Yes
Storage
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Road Frontage Type

East of US-1
Yes

Security Features

Fire Sprinkler System
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes

Association Type

Co-Op
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Agent
Yes

Master Bedroom/Bath

Separate Tub
Yes

Pets Allowed YN

Yes
Yes

Pets Allowed

Size Limit
Yes

Restrictions

Buyer Approval Required
Yes
Parking - No Commercial Vehicles
Yes
Parking - No Motorcycle
Yes
Parking - No Truck
Yes

Other Leasing Restrictions

Leasing Prohibited 1st 2 Years
Yes

Tax Information

City/County
Yes

Outdoor Living Spaces

Balcony
Yes

Contingencies

3rd Party Approval
Yes

Acreage Description

1 To Less Than 2 Acre Lot
Yes

Room Information

Room Name Length Width Level
Living Room 17.00 28.00 Main
Kitchen 0.00 0.00 Main
Master Bedroom 14.00 17.00 Main
Listing Office: William Raveis Real Estate
IDX
Last Updated: May - 27 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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