Date
Details
Price
Change
Source
12/19/2025
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,500,000
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Property 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
Full Property Details
Full Property Details for 389 S Lake Dr #5D
General
- Price: $1,500,000
- HOA FEE: $5,984
- Taxes: $6,103 (2025)
- Status: Under Contract
- Type: Condo /Townhouse
- Source: Regional
- MLS ID: RX-11149086
- Updated: 12/24/2025
- Added to Site: 29 day(s) ago
Interior
- Rooms/Areas: Florida
- Interior Features: Built-in Shelves, Elevator, Foyer, Walk-In Closet
- Eating Areas: Dining-Living
- Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Electric Range, Refrigerator, Washer
- Furnishings: Furniture Negotiable, Turnkey
- Flooring: Carpet, Tile, Wood Floor
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedroom/Bathroom: Separate Shower
- Primary Bedroom: 17 x 14
Other Rooms
- Living Room: 28 x 17
- Kitchen: 14 x 10
Additional Information
- Shared Amenities: Elevator, Lobby, Pool
- Shared Pool: Yes
- Pool: Yes
- Pool Description: In-Ground
- Maint. Includes: Cable, Common Areas, Insurance (Building), Pest Control, Sewer, Trash Removal, Water
Location
- Area: 5002, PB30
- County: Palm Beach
- Subdivision: Three Eighty Nine Corp Lessee
Community
- Home Owners Assn.: Mandatory
- Governing Bodies: Coop
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Utilities
- Utility Description: Cable, Electric, Public Sewer, Public Water
Structural Information
- Description/Design: 4+ Floors
- Construction: Concrete, Other
- Square Feet: 1,414
- Sq. Ft. Source: Tax Rolls
- Year Built: 1967
Unit Information
- Units in Building: 41
- Unit Floor in Bldg.: 5
- Unit Description: Exterior Catwalk
Lot Features
- Property View: City, Intracoastal, Lake
- Lot Size (Sq. Ft.): 67,570
- Zoning: R-D(2)
- Lot Description: 1 to < 2 Acres
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Lake
- Lake Front: Yes
Financial Considerations
- Price Per Sq. Ft.: $1,060.82
- Assoc Fee /Month: $5,984
- Tax Amount: $6,103
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Legal Description: THREE EIGHTY NINE CORP LESSEE APT 5-D
- Restrictions: Buyer Approval
- APN: 50434327630005040
Listed by Network Property Group, LLC
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Listing agent
— 389 S Lake Dr #5D —
Network Property Group, LLC
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Schools
Schools serving 389 S Lake Dr #5D
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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 389 S Lake Dr #5D
Tax History
Tax History for 389 S Lake Dr #5D
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,106
3%
$413,273
3%
2024
$5,930
-10%
$401,626
3%
2023
$6,573
-2%
$389,928
6%
2021
$6,717
1%
$367,545
-3%
2022
$6,631
-1%
$378,571
4%
2021
$6,717
-2%
$362,470
2%
2019
$6,838
6%
$354,321
2%
2018
$6,446
—
$347,714
3%
2017
$6,418
2%
$336,613
2%
2016
$6,281
-35%
$329,690
-30%
2015
$9,734
50%
$470,000
45%
2014
$6,492
26%
$324,800
2%
2013
$5,162
—
$320,000
—
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
Estimate the Cost for 389 S Lake Dr #5D
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389 S Lake Drive, Unit #5D, Palm Beach, FL 33480 (MLS# RX-11149086) is a Condo / Townhouse property with 2 bedrooms and 2 full bathrooms. 389 S Lake Drive, Unit #5D is currently listed for $1,500,000 and was received on December 19, 2025. Want to learn more about 389 S Lake Drive, Unit #5D? Do you have questions about finding other Condo / Townhouse 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.