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389 Lake Drive Palm Beach FL 33480

$7,980,000
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389 Lake Drive, Palm Beach, FL 33480 - MLS#B26027444 389 Lake Drive, Palm Beach, FL 33480 - MLS#B26027444 389 Lake Drive, Palm Beach, FL 33480 - MLS#B26027444 389 Lake Drive, Palm Beach, FL 33480 - MLS#B26027444

Zev Freidus Broker / President
Zev Freidus
Broker / President
561-235-2161
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Overview of 389 S Lake Drive Phb, Palm Beach, Fl 33480

3 Bedrooms
3 Bathrooms
Car Garage
3,337 Square Feet
2,443SF Living Area
Pool:
No
Ocean Access
Year Built 1967
Listed For 7 Days

Absolutely breathtaking panoramic views of the intracoastal waterway await from the expansive wraparound terraces of this exceptional penthouse, offering some of the finest vistas in palm beach. Rarely available, this elegant 3-bedroom, 3-bath residence lives like a private home and showcases timeless architectural details, including beautiful herringbone wood flooring throughout. Designed for both gracious entertaining and relaxed coastal living, every room opens to idyllic terraces with stunning water views. The handsome wood-paneled den, complete with a full bath and oversized walk-in closet, easily serves as a third bedroom or private office. Additional features include soaring ceilings, a spacious kitchen, impact sliding doors, and a convenient laundry closet. Ideally located at prestigious 389 south lake, just one street from worth avenue, this remarkable residence is within walking distance to world-class shopping, fine dining, and the beach.

This luxury co-op was built in 1967 and features 3 bedrooms, and 3 full bathrooms. This co-op for sale is 3,337 square feet, with 2,443 sq ft being air conditioned living space. The co-op has a does not have a private swimming pool, although there is a community pool in the complex for use by residents.

Directions to this property are as follows: On S. Lake Dr. On Intracoastal On Corner Of Peruvian Avenue.

Please contact your ZFC agent for more information about MLS# B26027444 or any other co-ops for sale in Palm Beach or elsewhere in the Palm Beach County area.

Features & Amenities

Appliances

Cooktop, Dryer, Dishwasher, Energy Star Qualified Refrigerator, Electric Cooktop, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer

Architecture

Traditional

Cooling

Central Air

Heating

Central, Individual

Flooring

Marble, Tile, Wood

Parking

Assigned, Covered, Deeded, Guest

View

Intercoastal, Marina, Water view

Construction Materials

Block

Security Features

Security System Owned, Security System, Building Security, Fire Alarm, Fire Sprinkler System, Lobby Secured, Phone Entry, Smoke Detectors, Security Lights

Interior Features

Built In Features, Bathtub, Entrance Foyer, Living Dining Room, Pantry, Split Bedrooms, Storage, Soaking Tub, Separate Shower, Walk In Closets

Furnished

Unfurnished

Exterior Features

Balcony, Outdoor Living Area

Lot Features

One To Two Acres, Sprinklers Automatic

Property Condition

Resale

Patio And Porch Features

Covered, Balcony

Pool Features

Association, Heated

Roof

Other

Window Features

Blinds, Drapes, Sliding, Storm Windows

Utilities

Cable Available, Electricity Available, Sewer Available, Water Connected

Waterfront Features

Intracoastal Access

Laundry

Laundry Closet, Washer Dryer Install Allowed

Number Of Stories

6

Zoning

R-D(2) (city)

Year Built

1967

Pets Allowed

Dogs Ok, Pet Restrictions, Yes

Annual Real Estate Taxes

$55,481 (2025)

Legal Description

Three Eighty Nine Corp Lessee Penthouse B

Property Type

Stock Cooperative

HOA Fees

$10,500 /Quarterly

Association Fee Includes

Common Areas, Cable Tv, Insurance, Legal Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Pools, Reserve Fund, Sewer, Security, Trash

Association Amenities

Bike Storage, Clubhouse, Maintenance Grounds, Laundry, Management, Pool, Parking, Security, Sidewalks, Trash, Elevators

Community Features

Property Manager On Site, Street Lights

Direction Faces

Southwest

MLS Number

B26027444

Universal Property Id

U S-12099-N-50434327630006020-R-N

Days On Market

7

Community Name

Three Eighty Nine Corp Lessee

389 Lake Dr Price Calculator

Get Mortgage Quote For This Co-Op

The payment calculator figures for 389 S Lake Drive Phb, Palm Beach, Fl 33480 should be used as an estimate only. Loan terms including interest rate, and required downpayment will vary with each lender and/or individual. RE taxes for this co-op for sale are estimated based on the actual property taxes for this property for the tax year 2025 which are $55,481 but will likely change when this co-op sells. These estimations are calculated from a list price of $7,980,000 and a 25% down payment and do not include homeowners insurance which will vary greatly depending on the co-op characteristics and location.

Recent Co-Op Sales near 389 Lake Dr

Address Sale Price Bed Bth Size Location Sale Date
No comps found for this property

MLS# B26027444 Listing History

05/11/2026 Listed for sale by Brown Harris Stevens of PB with MLS# B26027444 with a list price of $7,980,000.

Palm Beach County Schools

Middle School

This listing of 389 Lake Dr Palm Beach FL 33480 was last updated on 2026-05-18 14:00:16. Listing courtesy of Brown Harris Stevens of PB.
MLS

Map of 389 Lake Dr Palm Beach FL 33480

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Zev Freidus Broker / President
Zev Freidus
Broker / President
561-235-2161
Call Me
Text Me
Email Me
When clicking Submit Request, you are registering to this website and agreeing that ZFC Real Estate, its affiliates or associated third parties may contact you, including with calls or texts by automated means. You also agree to our Terms of Use and Privacy Policy

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