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$7,350,000
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Property Description
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
Full Property Details for 389 S Lake Dr #Pha
General
- Sold For: $7,350,000
- HOA FEE: $3,961/month
- Taxes: $58,240 (2025)
- Status: Closed
- Type: Condo
- Source: Regional
- MLS ID: R11170010
- Added to Site: 46 day(s) ago
Interior
- Number of Rooms: 3
- Interior Features: Entrance Foyer, Kitchen Island, 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
Other Rooms
- Laundry: Washer Dryer Install Allowed
Additional Information
- Shared Amenities: Bike Storage, Clubhouse, Laundry, Management, 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
- Total Spaces: 1
- Parking Features: Assigned, Carport, 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
- Middle School: Conniston Community
- 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
- Pets Allowed: Yes
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
- Structure Type: Multi Family
- Construction: Block
- Windows: Sliding
- Stories/Levels: 1
- Building Size: 3337
- Square Feet: 2,100
- Sq. Ft. Source: Owner
- Living Area: 2,100 Sq. Ft.
- Year Built: 1967
- Property Condition: Resale
Lot Features
- Property View: Intercoastal
- Street Lights: Yes
- Lot Features: 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
Sold by The Corcoran Group
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Schools
Schools serving 389 S Lake Dr #Pha
School District:Palm Beach County School District
| Name | Grades | Distance |
|---|---|---|
Palm Beach Public School 239 Cocoanut Row, Palm Beach, FL 33480 | K-5 | 0.4 mi |
Conniston Middle School 3630 Parker Avenue, West Palm Beach, FL 33405 | 6-8 | 2 mi |
Forest Hill Community High School 6901 Parker Avenue, West Palm Beach, FL 33405 | 9-12 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 389 S Lake Dr #Pha
Date
Details
Price
Change
Source
4/20/2026
Sold
$7,350,000
-7.55%
MLS
3/09/2026
Listed
$7,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
389 S Lake Drive #Pha, Palm Beach, FL 33480 (MLS# R11170010) is a Condo property that was sold at $7,350,000 on April 20, 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.

