389 S Lake Drive Pha, Palm Beach, FL 33480

$7,350,000

Virtual Tour

https://www.propertypanorama.com/389-S-Lake-Drive-Pha-Palm-Beach-FL-33480/unbranded

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 3,337 Status: Closed

Current Price: $7,350,000 List Date: 3/09/2026 Last Modified: 4/21/2026

Overview

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.

Listing Details MLS# R11170010

General Property Information

Unit Floor #: 6
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Building Area Main: 3337
Building Area Source: Public Records
Living Area Main: 2100
Living Area Source: Owner
Accessibility Features YN: No
Year Built: 1967
Carport YN: Yes
Attached Carport YN: No
Carport Spaces: Yes
Covered Spaces: Yes
Parking Total: Yes
Gated Community YN: No
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 6
Stories: Yes
Direction Faces: West
Pool Private YN: No
Furnished: Unfurnished
Washer/Dryer Allowed YN: Yes
Lot Size Area: 0

Property Features

Application Information: Personal Interview Required Association Fee Includes: Cable TV; Common Areas; Common Real Estate Tax; Elevator; Insurance; Maintenance Grounds; Maintenance Structure; Pest Control; Security; Trash; Water Dining Area: Dining/Living Room Flooring: Ceramic Tile; Marble Parking Features: Assigned; Guest; Carport; Detached Carport Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Free-Standing Freezer; Ice Maker; Microwave; Refrigerator; Washer Construction Materials: CBS Cooling: Central Individual Association Type: Co-Op Heating: Central Individual Interior Features: Bar; Bedroom Layout - Split; Entrance Foyer; Kitchen Island; Pantry; Storage; Walk-In Closet(s) Listing Terms: Cash Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible; Number Limit; Size Limit Possession: Close Of Escrow Restrictions: Buyer Approval Required; Lease Restrictions Other Leasing Restrictions: Tenant Approval Road Frontage Type: East of US-1 Security Features: Closed Circuit Camera(s); Fire Sprinkler System; Lobby - Attended; Security System; Security System Owned Sewer: Public Sewer Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler Structure Type: Multi Family Tax Information: City/County Unit Description: Corner/End Unit; Exterior Catwalk; Penthouse Utilities: Cable Available; Sewer Available; Water Available Water Source: Public Water View: Intracoastal Waterfront Features: Intracoastal Window Features: Sliding Showing Requirements: Appointment Only; Call Listing Agent; Call Listing Office; Vacant Outdoor Living Spaces: Balcony Balcony Details: Balcony - Covered; Balcony - Wrap Around Contingencies: 3rd Party Approval Room Types: Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN: No
Original List Price: 7950000
Listing Service: Full Service

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: Pha
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
Elementary School: Palm Beach Public
Middle Or Junior School: Conniston Community
High School: Forest Hill
Special Assessment YN: No
Parcel Number: 50434327630006010
Zoning: R-D(2)
Directions: On corner of S Lake Dr. and Peruvian Ave

Financial Information

Association YN: Yes
Association Deposit YN: No
Association Fee: 3960.5
Association Fee Frequency: Monthly
Association Membership: Mandatory
Application Required YN: Yes
Association Email: N/A
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 3961
Membership Fee Required YN: No
Tax Annual Amount: 58240.7
Tax Year: 2025
Tax Legal Description: THREE EIGHTY NINE CORP LESSEE PENTHOUSE A

Status Change Information

Major Change Timestamp: 2026-04-21T19:11:01Z
Major Change Type: Status Change
Status Change Date: 2026-04-21
Under Contract Date: 2026-04-06
Close Date: 2026-04-20
Close Price: 7350000
Buyer Financing: Cash

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 100

Parking Information

Open Parking Spaces: Yes

Main Level Rooms

Main Level Bathrooms: 2
Main Level Bedrooms: 2

Pet Details

Pet Fee YN: No
Other Pet Restrictions: 1 pet ONLY, 24lb max.

Qualifying Requirements

Minimum Credit Score YN: Yes
Minimum Credit Score: 650

Leasing Restrictions

Leasing - Max Times Per Year: Yes
Leasing - Minimum Number of Days: 60

Storm Protection

Impact Glass: Complete

Showing Details

Pet(s) on Premises: No

Room Types

Kitchen Level: Main
Living Room Level: Main
Master Bedroom Level: Main
Kitchen: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 2382.37

Originating Details

Originating System Key: 20260303161651432692000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Application Information

Personal Interview Required: Yes

Amenities

Bike Storage: Yes
Community Room: Yes
Elevator(s): Yes
Internet Included: Yes
Laundry: Yes
Lobby: Yes
Management: Yes
Manager On Site: Yes
Parking: Yes
Pool: Yes
Storage: Yes
Street Lights: Yes
Trash Chute: Yes

Association Fee Includes

Cable TV: Yes
Common Areas: Yes
Common Real Estate Tax: Yes
Elevator: Yes
Insurance: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Pest Control: Yes
Security: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Dining Area

Dining/Living Room: Yes

Flooring

Ceramic Tile: Yes
Marble: Yes

Parking Features

Assigned: Yes
Guest: Yes
Carport: Yes
Detached Carport: Yes

Property Condition

Resale: Yes

Structure Type

Multi Family: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Sold As-Is: Yes

Utilities

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

Heating

Central Individual: Yes

Sprinkler Description

Auto Sprinkler: Yes

Unit Description

Corner/End Unit: Yes
Exterior Catwalk: Yes
Penthouse: Yes

Water View

Intracoastal: Yes

Window Features

Sliding: Yes

Appliances

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

Construction Materials

CBS: Yes

Interior Features

Bar: Yes
Bedroom Layout - Split: Yes
Entrance Foyer: Yes
Kitchen Island: Yes
Pantry: Yes
Storage: Yes
Walk-In Closet(s): Yes

Listing Terms

Cash: Yes

Road Frontage Type

East of US-1: Yes

Security Features

Closed Circuit Camera(s): Yes
Fire Sprinkler System: Yes
Lobby - Attended: Yes
Security System: Yes
Security System Owned: Yes

Water Source

Public: Yes

Waterfront Features

Intracoastal: Yes

Cooling

Central Individual: Yes

Association Type

Co-Op: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Call Listing Office: Yes
Vacant: Yes

Master Bedroom/Bath

Combo Tub/Shower: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes
Number Limit: Yes
Size Limit: Yes

Restrictions

Buyer Approval Required: Yes
Lease Restrictions: Yes

Other Leasing Restrictions

Tenant Approval: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Covered: Yes
Balcony - Wrap Around: Yes

Contingencies

3rd Party Approval: Yes

Room Information

Room Name	Length	Width	Level
Living Room	1.00	1.00	Main
Kitchen	1.00	1.00	Main
Master Bedroom	1.00	1.00	Main

Listing Office: Brown Harris Stevens of PB

Last Updated: April - 21 - 2026

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