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$7,950,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,917 Sq. Ft.
  • Updated 3 hours ago
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Relish one of the best water views in all of Palm Beach from this spacious penthouse with over 1,300 sf of wrap around terraces, perfect for outdoor entertaining and enjoyment with views up and down the Intracoastal. Located on the Intracoastal waterway overlooking the Peruvian town docks. The apartment has a spacious open floor plan for living room, dining area and kitchen, with split bedrooms, with each room overlooking the Intracoastal. An added bonus is a one-bedroom guest apartment downstairs on the ground floor. One covered parking with additional outdoor parking. Pet friendly. Excellent full-service building with 24 hr. doorperson, heated pool and only steps to world class shopping on Worth Avenue, restaurants and the beach.

Full Property Details for 389 S Lake Dr #Pha

General

  • Price: $7,950,000
  • HOA FEE: $3,961/month
  • Taxes: $58,240 (2025)
  • Status: Active
  • Type: Condo
  • Source: Regional
  • MLS ID: R11170010
  • Updated: Today (3/9/2026)
  • Added to Site: Today

Interior

  • Interior Features: Entrance Foyer, Living/Dining Room, Pantry, Split Bedrooms, Storage, Tub Shower, Bar, Walk-In Closet(s)
  • Appliances: Dryer, Dishwasher, Electric Range, Free-Standing Freezer, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Furnishings: Unfurnished
  • Flooring: Ceramic Tile, Marble

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Floor Baths: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main: 2

Additional Information

  • Shared Amenities: Bike Storage, Clubhouse, Laundry, Pool, Parking, Storage, Trash, Elevator(s)
  • Pool: Yes
  • Pool Description: Association
  • Security/Safety: Security System Owned, Security System, Closed Circuit Camera(s), Fire Sprinkler System, Lobby Secured

Exterior

  • Exterior Features: Balcony, Outdoor Living Area
  • Porch/Patio/Deck: Covered, Wrap Around, Balcony

Parking

  • Carports: Yes
  • Carport Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Assigned, Detached Carport, Guest

Location

  • County: Palm Beach
  • Subdivision: THREE EIGHTY NINE CORP LESSEE
  • Driving Directions: On corner of S Lake Dr. and Peruvian Ave
  • Direction Faces: West

School Information

  • Elementary School: Palm Beach Public
  • High School: Forest Hill

Community

  • Community Name: 5002
  • Association: Yes
  • Assoc. Fees Include: Common Areas, Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Security, Trash, Water, Internet

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central, Individual

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Sewer Available, Water Available

Structural Information

  • Construction: Block
  • Windows: Sliding
  • Stories/Levels: 6
  • Building Size: 3337
  • Square Feet: 1,917
  • Living Area: 1,917 Sq. Ft.
  • Year Built: 1967
  • Property Condition: Resale

Lot Features

  • Property View: Intercoastal
  • Lot Size (Acres): 1.55
  • Lot Size (Sq. Ft.): 67,518
  • Street Lights: Yes
  • Lot Features: 1-2 Acres, Sprinklers Automatic
  • Zoning: R-D(2)

Water Features

  • Water Front: Yes
  • Water Front Desc.: Intracoastal Access
  • Water Front View: Intracoastal Access

Financial Considerations

  • Association Fee: $3,961
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $58,240.7
  • Tax Year: 2025
  • Terms: Cash

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: THREE EIGHTY NINE CORP LESSEE PENTHOUSE A
  • Property ID: 50434327630006010

Listed by Brown Harris Stevens of PB

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Listing agent

— 389 S Lake Dr #Pha —

  • Brown Harris Stevens of PB

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 389 S Lake Dr #Pha

School District:Palm Beach County School District
NameGradesDistance
Palm Beach Public School
239 Cocoanut Row, Palm Beach, FL 33480
K-50.4 mi
Conniston Middle School
3630 Parker Avenue, West Palm Beach, FL 33405
6-82 mi
Forest Hill Community High School
6901 Parker Avenue, West Palm Beach, FL 33405
9-123.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 389 S Lake Dr #Pha Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/09/2026
Listed
$7,950,000
51.74%
MLS
8/02/2023
Sold
$5,239,161
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 389 S Lake Dr #Pha

Year
Property Taxes
Change
Tax Assessment
Change
2025
$58,250
-2%
$3,910,200
-2%
2024
$59,580
240%
$4,000,000
273%
2023
$17,535
-1%
$1,073,736
3%
2022
$17,664
-1%
$1,042,462
3%
2021
$17,920
—
$1,012,099
1%
2021
$17,920
-1%
$998,125
2%
2019
$18,148
6%
$975,684
2%
2018
$17,155
—
$957,492
2%
2017
$17,237
—
$937,798
2%
2016
$17,249
-3%
$918,509
1%
2015
$17,802
—
$912,124
1%
2014
$17,872
15%
$904,885
2%
2013
$15,476
—
$891,512
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 389 S Lake Dr #Pha

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Brown Harris Stevens of PB

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389 S Lake Drive #Pha, Palm Beach, FL 33480 (MLS# R11170010) is a Condo property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 389 S Lake Drive #Pha is currently listed for $7,950,000 and was received on March 09, 2026. Want to learn more about 389 S Lake Drive #Pha? Do you have questions about finding other Condo real estate for sale in Palm Beach? You can browse all Palm Beach real estate or contact a Coldwell Banker agent to request more information.

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