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
Listed by Ashley Copeland
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License #3079640
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Brown Harris Stevens of PB
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561-596-5959
Last updated June 15, 2026
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Source: BeachesMLS #B26027444
Listing Facts
TypeCo-op
NeighborhoodCasa del Lago
Bedrooms3
Bathrooms3
Days on Prevu35
HOA/Maint. Fees$10,500/quarter
Taxes$55,480.63/year
Size2,443 sqft
Price per sqft$3,266
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Pets Allowed
Bike Storage
Elevator
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
05/12/2026
Listed by Brown Harris Stevens of PB
$7,980,000
Property Details for 389 S Lake Drive Phb
Association
Amenities
Association Amenities: Bike Storage, Clubhouse, Maintenance Grounds, Laundry, Management, Pool, Parking, Security, Sidewalks, Trash, Elevators
Community Features: Property Manager On Site, Street Lights
Pets Allowed: DogsOk,PetRestrictions,Yes
Fees
Association Fee: $10,500.00 Quarterly
Association Fee Includes: Common Areas, Cable Tv, Insurance, Legal Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Pools, Reserve Fund, Sewer, Security, Trash
Exterior
Construction
Property Condition: Resale
Roof: Other
Stories: 6
Stories Total: 6
Structure Type: Multi Family
Window Features: Blinds, Drapes, Sliding, Storm Windows
Year Built: 1967
Architectural Style: Traditional
Construction Materials: Block
Entry Level: 6
Exterior Features: Balcony, Outdoor Living Area
Features
Direction Faces: Southwest
Patio And Porch Features: Covered, Balcony
Pool Features: Association, Heated
Road Frontage Type: CityStreet
View: Intercoastal, Marina, Water
Waterfront Features: Intracoastal Access
Waterfront: Yes
Measurements
Building Area Total: 3,337
Lot Features: One To Two Acres, Sprinklers Automatic
Lot Size Acres: 1.55
Lot Size Area: 67,570
Financial
Other
Land Lease Expiration Date: 2058-01-01T00:00:00Z
Land Lease: Yes
Taxes
Parcel Number: 50434327630006020
Tax Annual Amount: $55,480.63
Tax Assessed Value: $3,221,020.00
Tax Year: 2025
Interior
Features
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
Flooring: Marble, Tile, Wood
Interior Features: Built In Features, Bathtub, Entrance Foyer, Living Dining Room, Pantry, Split Bedrooms, Storage, Soaking Tub, Separate Shower, Walk In Closets
Utilities: Cable Available, Electricity Available, Sewer Available, Water Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this co-op have?
There are 3 bedrooms and 3 bathrooms in this co-op at 389 S Lake Drive Phb.
What schools are nearby to 389 S Lake Drive Phb?
Nearby schools include the Palm Beach Public Elementary School and Forest Hill High School.
Does this co-op have parking?
Yes, there is 1 parking space available for 389 S Lake Drive Phb.
Are pets allowed at 389 S Lake Drive?
Yes, 389 S Lake Drive allows pets. Check the Property Details for any relevant restrictions.
What are the annual taxes for 389 S Lake Drive Phb?
Annual taxes for this co-op are estimated at $55,480.
How does 389 S Lake Drive Phb compare to other co-ops in Casa del Lago?
This co-op is listed 144% above the average price for co-ops in Casa del Lago and has been on the market for 109 less days than the typical home in this area.
What building or home owners association is the co-op part of?
This co-op is in the THREE EIGHTY NINE CORP LESSEE building.
What is the square footage on this co-op?
According to the MLS, this listing is 2,443 sqft.
389 S Lake Drive Phb is a 3-bedroom, 3-bath co-op for sale in Palm Beach FL 33480. On Prevu for 35 days at $7,980,000. This property features 2,443 square feet of living space, located in Casa del Lago. The median listing price for co-ops in this area is $3,900,000. Nearby schools include Palm Beach Public Elementary School and Forest Hill High School. Additional amenities include private outdoor space, dishwasher, pets allowed, elevator, bike storage, parking, swimming pool, and washer/dryer. View other co-op listings in Palm Beach.
Based on information from Beaches MLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
