$7,980,000
Palm Beach, FL 33480
MLS# B26027444
3 beds | 3 baths | 3337 sqft
1 / 39
Property Description
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
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-05-11
Status: Active
Original List Price: 7980000
List Price: $7,980,000
Current Price: $7,980,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
Municipality Type: Incorporated
Municipal Code: 50
Geographic Area: PB30
Subdivision Number: 63
Special Assessment YN: No
Flood Zone: AE
Country: United States
Street Number: 389
Street Direction Prefix: S
Street Name: Lake
Street Suffix: Drive
Unit Number: Phb
State Or Province: FL
Postal Code: 33480
Postal Code +4: 4567
Subdivision Name: THREE EIGHTY NINE CORP LESSEE
Area: 5002
Elementary School: Palm Beach Public
High School: Forest Hill
Parcel Number: 50434327630006020
Zoning: R-D(2) (city)
Directions: On S. Lake Dr. on Intracoastal on corner of Peruvian Avenue
General Property Information
Unit Floor #: 6
Living Area Main: 2443
Living Area Source: Other
Accessibility Features YN: No
Gated Community YN: No
Lot Size Area: 67570
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Unfurnished
Land Lease YN: Yes
Stories Total: 6
Stories: 6
Fireplace YN: No
Pool Private YN: No
Washer/Dryer Allowed YN: Yes
LP/Assessed Value: 2.48
Property Sub Type: Stock Cooperative
Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 3
Building Area Main: 3337
Building Area Source: Other
Year Built: 1967
Parking Total: 1
Lot Size Acres: 1.55
Waterfront YN: 1
Direction Faces: Southwest
Financial Information
Association Deposit YN: No
Association Membership: Mandatory
Association Email: 389frontoffice@gmail.com
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 63350
Membership Fee Required YN: No
Tax Assessed/SOH Value: 3221020
Assessor Market Value: 4300000
Association YN: 1
Association Fee: 10500
Association Fee Frequency: Quarterly
Tax Annual Amount: 55480.63
Tax Year: 2025
Tax Legal Description: THREE EIGHTY NINE CORP LESSEE PENTHOUSE B
Office/Member Information
DXORIGMLSID: RML
Amenities
Bike Storage: 1
Community Room: 1
Elevator(s): 1
Heated Pool: 1
Laundry: 1
Lobby: 1
Management: 1
Manager On Site: 1
Parking: 1
Pool: 1
Sidewalks: 1
Street Lights: 1
Trash Chute: 1
Association Amenities
Maintenance: 1
Security: 1
Association Fee Includes
Cable TV: 1
Common Areas: 1
Common Real Estate Tax: 1
Elevator: 1
Insurance: 1
Legal/Accounting: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Pest Control: 1
Pool Service: 1
Reserve Funds: 1
Security: 1
Sewer: 1
Trash: 1
Dining Area
Dining/Living Room: 1
Flooring
Marble: 1
Mexican Tile: 1
Wood: 1
Parking Features
Assigned: 1
Covered: 1
Deeded: 1
Guest: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Structure Type
Multi Family: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Information
Sold As-Is: 1
Utilities
Cable Available: 1
Electricity Available: 1
Sewer Available: 1
Water Connected: 1
View
Water: 1
Heating
Central Individual: 1
Sprinkler Description
Auto Sprinkler: 1
Water View
Intracoastal: 1
Marina: 1
Window Features
Blinds: 1
Drapes: 1
Sliding: 1
Storm Window(s): 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Cooktop: 1
Electric Range: 1
ENERGY STAR Qualified Refrigerator: 1
Freezer: 1
Ice Maker: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Washer: 1
Water Heater: 1
Cooktop: 1
Construction Materials
CBS: 1
Interior Features
Bedroom Layout - Split: 1
Built-in Features: 1
Entrance Foyer: 1
Pantry: 1
Storage: 1
Walk-In Closet(s): 1
Land Lease Information
Land Lease Amount: 179550
Land Lease Amount Frequency: Quarterly
Land Lease Expiration Date: 2058-01-01
Land Lease Remarks: N/A
Laundry Features
Laundry Closet: 1
Levels
One: 1
Listing Terms
Cash: 1
Road Frontage Type
City Street: 1
East of US-1: 1
Road Responsibility
Public Maintained Road: 1
Roof
Other: 1
Security Features
Building Security: 1
Entry - Phone/Intercom: 1
Fire Alarm: 1
Fire Sprinkler System: 1
Lobby - Attended: 1
Security Lights: 1
Security System: 1
Security System Owned: 1
Smoke Detector(s): 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Water Heater Details
Electric Water Heater: 1
Architectural Style
Traditional: 1
Boat and Dock Information
Dock: No
Cooling
Central Individual: 1
Association Type
Co-Op: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Main Level Rooms
Main Level Bathrooms: 3
Main Level Bedrooms: 3
Main Living Area
Entry Level: 1
Master Bedroom/Bath
Separate Shower: 1
Separate Tub: 1
Pets Allowed YN
Yes: 1
Pets Allowed
Dogs OK: 1
Pet Restrictions Possible: 1
Pet Details
Pet Fee YN: No
Other Pet Restrictions: 1 pet 25 lbs. max
Restrictions
Buyer Approval Required: 1
No Smoking: 1
Storm Protection
Impact Glass: Complete
Tax Information
City/County: 1
Outdoor Living Spaces
Balcony: 1
Balcony Details
Balcony - Covered: 1
Room Types
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Price Calculations
Current Price To SqFt: 3266.47
Acreage Description
1 To Less Than 2 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-05-12T15:55:49Z
Major Change Type: New Listing
Status Change Date: 2026-05-12
Originating Details
Originating System Key: 20260508170834046214000000
Originating System ID: M00000170
Property Features
Association Amenities: Maintenance; Security
Association Fee Includes: Cable TV; Common Areas; Common Real Estate Tax; Elevator; Insurance; Legal/Accounting; Maintenance Grounds; Maintenance Structure; Pest Control; Pool Service; Reserve Funds; Security; Trash
Dining Area: Dining/Living Room
Flooring: Marble; Mexican Tile; Wood
Parking Features: Assigned; Covered; Deeded; Guest
Property Condition: Resale
Special Listing Conditions: Standard
Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; ENERGY STAR Qualified Refrigerator; Freezer; Ice Maker; Microwave; Oven; Refrigerator; Washer; Water Heater; Cooktop
Water Heater Details: Electric Water Heater
Architectural Style: Traditional
Construction Materials: CBS
Cooling: Central Individual
Association Type: Co-Op
Heating: Central Individual
Interior Features: Bedroom Layout - Split; Built-in Features; Entrance Foyer; Pantry; Storage; Walk-In Closet(s)
Laundry Features: Laundry Closet
Levels: One
Listing Terms: Cash
Main Living Area: Entry Level
Pets Allowed YN: Yes
Pets Allowed: Dogs OK; Pet Restrictions Possible
Possession: Close Of Escrow
Restrictions: Buyer Approval Required; No Smoking
Road Frontage Type: City Street; East of US-1
Road Responsibility: Public Maintained Road
Roof: Other
Security Features: Building Security; Entry - Phone/Intercom; Fire Alarm; Fire Sprinkler System; Lobby - Attended; Security Lights; Security System; Security System Owned; Smoke Detector(s)
Sewer: Public Sewer
Special Information: Sold As-Is
Sprinkler Description: Auto Sprinkler
Structure Type: Multi Family
Tax Information: City/County
Utilities: Cable Available; Electricity Available; Sewer Available; Water Connected
View: Water
Water Source: Public
Water View: Intracoastal; Marina
Waterfront Features: Intracoastal
Window Features: Blinds; Drapes; Sliding; Storm Window(s)
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Outdoor Living Spaces: Balcony
Balcony Details: Balcony - Covered
Room Types: Kitchen; Living Room; Master Bedroom
Acreage Description: 1 To Less Than 2 Acre Lot
Supplements
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.
Room Information
| Room Name |
| Kitchen |
| Living Room |
| Master Bedroom |
Listing Office: Brown Harris Stevens of PB
Last Updated: July - 28 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
