Main Content

Home » Properties » Search MLS

389 S Lake Drive Ph B, Palm Beach, FL 33480 (MLS# R10074807)

389 S Lake Drive Ph B, Palm Beach, FL 33480

$2,600,000

Virtual Tour

http://tours50.vht.com/CGF/T433151136/nobranding

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 3,443 Status: Closed

Current Price: $2,600,000 List Date: 9/23/2014 Last Modified: 5/10/2026

Overview

Description

Absolutely the best views of the Intracoastal in all of Palm Beach. This oversized “Developers Personal 3/3 Custom Unit” with 9' ceilings offers fabulous views from ALL rooms. All rooms including bedrooms have their own access to over 1,000 sq. ft. of balcony. Move in tomorrow or do your own thing. Located in town and one block to historic Worth Avenue this is the perfect location for living and entertaining. This apartment is exceptional because it lives like a house but with the convenience of being on one level. This was the buildings developer unit and is the largest apartment in the building. Unique to the Penthouse level, the apartment has a full sized washer and dryer and comes with two parking areas, one deeded covered.

Supplements: 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 US.The proximity of the 389 South Lake Building is one of the most strategically located buildings in Palm Beach When you visit Palm Beach, you become ... (Read more)

Listing Details MLS# R10074807

General Property Information

Number Of Units In Community: 41
Total Units In Building: 41
Unit Floor #: 6
Property Sub Type: Condominium
Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 3
Building Area Main: 3443
Building Area Source: Other
Living Area Main: 2443
Year Built: 1967
Garage YN: Yes
Garage Spaces: 2
Covered Spaces: 2
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 6
Direction Faces: East
Pool Private YN: No
Furnished: Unfurnished
Lot Size Area: 0

Property Features

Application Information: Personal Interview Required Association Fee Includes: Cable TV; Common Areas; Elevator; Insurance; Maintenance Grounds; Water Dining Area: Dining/Living Room Flooring: Carpet; Ceramic Tile; Wood Parking Features: Assigned; Deeded; Guest; Garage Appliances: Dishwasher; Dryer; Electric Range; Oven; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air Association Type: Co-Op Heating: Central Interior Features: Elevator; Entrance Foyer; Walk-In Closet(s) Laundry Features: Washer Hookup; Dryer Hookup Levels: Multi/Split Listing Terms: Cash; Conventional Lot Features: Sidewalks Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow Restrictions: Buyer Approval Required; Parking - No Commercial Vehicles; Parking - No RV Road Frontage Type: East of US-1; Public Road Road Surface Type: Paved Security Features: Lobby - Attended; Security System Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Unit Description: Interior Hallway Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal Window Features: Sliding Showing Requirements: Appointment Only; Call Listing Agent; See Remarks Outdoor Living Spaces: Balcony; Patio Balcony Details: Balcony - Covered; Balcony - Open Contingencies: None Room Types: Bedroom 2; Bedroom 3; Dining Room; Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN: No
Original List Price: 4200000

Location and Legal

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: Ph B
City Name: Palm Beach
State Or Province: FL
Postal Code: 33480
Postal Zip: 33480
Subdivision Name: THREE EIGHTY NINE CORP LESSEE PENTHOUSE B
Development Name: THREE EIGHTY NINE CORP
Area: 5002
Geographic Area: PB30
Special Assessment YN: No
Parcel Number: 50434327630006020
Zoning: Residential
Directions: Okeechobee Royal Palm Bridge east first over bridge on South Lake Drive to building on corner of Peruvian and Lake.
Building Name: 389

Financial Information

Association YN: Yes
Association Fee: 1976
Association Fee Frequency: Monthly
Association Membership: Mandatory
Application Required YN: Yes
Membership Fee Required YN: No
Tax Annual Amount: 10913
Tax Year: 2014
Tax Legal Description: THREE EIGHTY NINE CORP LESSEE PENTHOUSE B

Status Change Information

Major Change Timestamp: 2015-03-05T19:19:25Z
Major Change Type: Status Change
Price Change Timestamp: 2014-12-29T15:25:59Z
Status Change Date: 2015-03-05
Under Contract Date: 2015-02-02
Close Date: 2015-03-05
Close Price: 2600000
Buyer Financing: Cash

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 100

Short Sale Details

Short Sale Addendum: No

Room Types

Bedroom 2 Level: First
Bedroom 3 Level: First
Dining Room Level: First
Kitchen Level: First
Living Room Level: First
Master Bedroom Level: First
Bedroom 2: Yes
Bedroom 3: Yes
Dining Room: Yes
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 1064.26
Original List Price To Close Price: 1.61

Originating Details

Originating System Key: 20140923143036576091000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Application Information

Personal Interview Required: Yes

Amenities

Jogging Path: Yes
Parking: Yes
Pool: Yes
Sidewalks: Yes
Street Lights: Yes

Association Fee Includes

Cable TV: Yes
Common Areas: Yes
Elevator: Yes
Insurance: Yes
Maintenance Grounds: Yes
Sewer: Yes
Water: Yes

Dining Area

Dining/Living Room: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes
Wood: Yes

Parking Features

Assigned: Yes
Deeded: Yes
Guest: Yes
Garage: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

View

City: Yes

Heating

Central: Yes

Unit Description

Interior Hallway: Yes

Water View

Intracoastal: Yes

Window Features

Sliding: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Oven: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Interior Features

Elevator: Yes
Entrance Foyer: Yes
Walk-In Closet(s): Yes

Laundry Features

Washer Hookup: Yes
Dryer Hookup: Yes

Levels

Multi/Split: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Sidewalks: Yes

Road Frontage Type

East of US-1: Yes
Public Road: Yes

Road Surface Type

Paved: Yes

Security Features

Lobby - Attended: Yes
Security System: Yes

Water Source

Public: Yes

Waterfront Features

Intracoastal: Yes

Cooling

Central Air: Yes

Association Type

Co-Op: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
See Remarks: Yes

Master Bedroom/Bath

Combo Tub/Shower: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Restrictions

Buyer Approval Required: Yes
Parking - No Commercial Vehicles: Yes
Parking - No RV: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Balcony: Yes
Patio: Yes

Balcony Details

Balcony - Covered: Yes
Balcony - Open: Yes

Contingencies

None: Yes

Room Information

Room Name	Length	Width	Level
Living Room	28.00	22.00	First
Dining Room			First
Kitchen	22.00	10.60	First
Master Bedroom	19.00	16.00	First
Bedroom 2	16.00	14.00	First
Bedroom 3	19.00	16.00	First

Listing Office: The Corcoran Group

Last Updated: May - 10 - 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.

Main Content

389 S Lake Drive Ph B, Palm Beach, FL 33480 (MLS# R10074807)