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389 S Lake Drive 5d, Palm Beach, FL 33480 (MLS# R11149086)

389 S Lake Drive 5d, Palm Beach, FL 33480

$1,250,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,702 Status: Closed
Current Price: $1,250,000 List Date: 12/21/2025 Last Modified: 5/24/2026

Overview

Description

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

Listing Details MLS# R11149086

General Property Information

Total Units In Building
41
Unit Floor #
5
Property Sub Type
Condominium
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
1702
Building Area Source
Public Records
Living Area Main
1414
Year Built
1967
Gated Community YN
No
Lot Size Area
67570
Lot Size Acres
1.55
Senior Community YN
No
Waterfront YN
Yes
Stories Total
6
Direction Faces
North
Pool Private YN
No
Furnished
Furnished

Property Features

Association Fee Includes: Cable TV; Common Areas; Insurance; Pest Control; Trash; Water Dining Area: Dining/Living Room Electric: Three Phase Flooring: Carpet; Wood Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Free-Standing Freezer; Microwave; Refrigerator; Washer Construction Materials: Concrete; Other Cooling: Central Air Association Type: Co-Op Heating: Central Interior Features: Built-in Features; Elevator; Entrance Foyer; Walk-In Closet(s) Listing Terms: Cash Pets Allowed YN: No Pool Features: In Ground Possession: Close Of Escrow Restrictions: Buyer Approval Required Sewer: Public Sewer Tax Information: City/County Unit Description: Exterior Catwalk Utilities: Cable Available; Sewer Available; Water Available Water Source: Public Water View: Intracoastal; Lake Waterfront Features: Lake Front Showing Requirements: Appointment Only; Call Listing Agent Contingencies: Other Room Types: Florida Room; Kitchen; Living Room; Master Bedroom Acreage Description: 1 To Less Than 2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1500000

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
5d
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
50434327630005040
Zoning
R-D(2)

Financial Information

Association YN
Yes
Association Deposit YN
Yes
Association Deposit Amount
Yes
Association Fee
5983.59
Association Fee Frequency
Monthly
Association Membership
Mandatory
Membership Fee Required YN
No
Tax Annual Amount
6103
Tax Year
2025
Tax Legal Description
THREE EIGHTY NINE CORP LESSEE APT 5-D

Status Change Information

Major Change Timestamp
2026-05-24T15:31:39Z
Major Change Type
Status Change
Status Change Date
2026-05-24
Under Contract Date
2025-12-23
Close Date
2026-05-21
Close Price
1250000
Buyer Financing
Cash

More Information

Short Sale Details

Short Sale Addendum
No

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Storm Protection

Accordian Shutters
Complete

Buyer Details

Intended Use
Primary Residence
Buyer State
Florida

Room Types

Kitchen Level
First
Living Room Level
First
Master Bedroom Level
First
Florida Room
Yes
Kitchen
Yes
Living Room
Yes
Master Bedroom
Yes

Price Calculations

Current Price To SqFt
1060.82

Originating Details

Originating System Key
20251221042205177025000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Application Fee Details

Application Fee
0

Amenities

Elevator(s)
Yes
Pool
Yes

Association Fee Includes

Cable TV
Yes
Common Areas
Yes
Insurance
Yes
Pest Control
Yes
Sewer
Yes
Trash
Yes
Water
Yes

Dining Area

Dining/Living Room
Yes

Electric

Three Phase
Yes

Flooring

Carpet
Yes
Wood
Yes

Property Condition

Resale
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes
Sewer Available
Yes
Water Available
Yes

View

City
Yes

Heating

Central
Yes

Unit Description

Exterior Catwalk
Yes

Water View

Intracoastal
Yes
Lake
Yes

Appliances

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

Construction Materials

Concrete
Yes
Other
Yes

Interior Features

Built-in Features
Yes
Elevator
Yes
Entrance Foyer
Yes
Walk-In Closet(s)
Yes

Listing Terms

Cash
Yes

Pool Features

In Ground
Yes

Water Source

Public
Yes

Waterfront Features

Lake Front
Yes

Cooling

Central Air
Yes

Association Type

Co-Op
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes

Master Bedroom/Bath

Separate Shower
Yes

Pets Allowed YN

No
Yes

Restrictions

Buyer Approval Required
Yes

Tax Information

City/County
Yes

Contingencies

Other
Yes

Acreage Description

1 To Less Than 2 Acre Lot
Yes

Room Information

Room Name Length Width Level
Living Room 28.00 17.00 First
Kitchen 14.00 10.00 First
Master Bedroom 17.00 14.00 First
Florida Room
Listing Office: Network Property Group, LLC
IDX
Last Updated: May - 24 - 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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