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389 S Lake Drive Phb, Palm Beach FL 33480
389 S Lake Drive Phb, Palm Beach FL 33480
Florida>Palm Beach>Casa del Lago

389 S Lake Drive PhbPalm Beach, FL 33480

For Sale

$7,980,000

Smart Buyer Rebate $79,800

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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5615965959

Last updated July 28, 2026

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Source: BeachesMLS #B26027444

Listing Facts

  • TypeSingle-family
  • NeighborhoodCasa del Lago
  • Bedrooms3
  • Bathrooms3
  • Days on Prevu81
  • 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
  • Air Conditioning
  • 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: Pool, Clubhouse, Maintenance Grounds, Laundry, Management, Parking, Security, Trash, Elevator(s)
  • Community Features: Street Lights
  • Pets Allowed: Dogs OK, Yes

Fees

  • Association Fee: $10,500.00 Quarterly
  • Association Fee Includes: Cable TV, Insurance, Maintenance Grounds, Maintenance Structure, Pest Control, Sewer, Security, Trash

Exterior

Construction

  • Roof: Other
  • Stories: 6
  • Stories Total: 6
  • Structure Type: Multi Family
  • Window Features: Blinds, Drapes, Storm Window(s)
  • Year Built: 1967
  • Architectural Style: Traditional
  • Construction Materials: Block
  • Entry Level: 6
  • Exterior Features: Balcony

Features

  • Direction Faces: Southwest
  • Other Structures: Storage
  • Patio And Porch Features: Covered
  • Pool Features: Association, Heated
  • Road Frontage Type: City Street
  • View: Water, Marina
  • Waterfront: Yes

Measurements

  • Building Area Total: 3,337
  • Lot Features: Waterfront
  • Lot Size Acres: 1.55
  • Lot Size Area: 67,570

Financial

Other

  • 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, Entrance Foyer, Pantry, Storage, Soaking Tub, Walk-In Closet(s)

Measurements

  • Living Area: 2,443
  • Living Area Source: Other

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 3
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3

Other

Environmental

  • Green Energy Efficient: Appliances

Location

  • Subdivision Name: THREE EIGHTY NINE CORP LESSEE

Parking

Parking

  • Parking Features: Assigned, Covered, Deeded, Guest
  • Parking Total: 1

Schools

Elementary School

  • Elementary School: Palm Beach Public

High School

  • High School: Forest Hill

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 3 bedrooms and 3 bathrooms in this single-family home 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 single-family home have parking?

Yes, there is 1 parking space available for 389 S Lake Drive Phb.

What are the annual taxes for 389 S Lake Drive Phb?

Annual taxes for this single-family home are estimated at $55,480.

How does 389 S Lake Drive Phb compare to other single-family homes in Casa del Lago?

This single-family home is listed 50% below the average price for single-family homes in Casa del Lago and has been on the market for 125 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 2,443 sqft.

389 S Lake Drive Phb is a 3-bedroom, 3-bath single-family home for sale in Palm Beach FL 33480. Listed on Prevu for 81 days at $7,980,000. This residence features 2,443 square feet of living space, located in Casa del Lago. The median listing price for single-family homes in this area is $6,261,000. Nearby schools include Palm Beach Public Elementary School and Forest Hill High School. Property amenities include private outdoor space, dishwasher, pets allowed, air conditioning, parking, swimming pool, and washer/dryer. Browse more single-family home 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.

Full MLS Disclaimers

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.