Home389 S Lake Drive Phb, Palm Beach, FL 33480

Residential in Palm Beach

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.

Property Highlights

Roof

  • Other

View

  • Water
  • Marina
  • Intracoastal

Sewer

  • Public Sewer

Levels

  • One

Cooling

  • Central Individual

Heating

  • Central Individual

Flooring

  • Marble
  • Mexican Tile
  • Wood

Amenities

  • Bike Storage
  • Community Room
  • Elevator(s)
  • Heated Pool
  • Laundry
  • Lobby
  • Management
  • Manager On Site
  • Parking
  • Pool
  • Sidewalks
  • Street Lights
  • Trash Chute

Utilities

  • Cable Available
  • Electricity Available
  • Sewer Available
  • Water Connected

Appliances

  • Dishwasher
  • Disposal
  • Dryer
  • Electric Cooktop
  • Electric Range
  • ENERGY STAR Qualified Refrigerator
  • Freezer
  • Ice Maker
  • Microwave
  • Oven
  • Refrigerator
  • Washer
  • Water Heater
  • Cooktop
  • Electric Water Heater

Possession

  • Close Of Escrow

Room Types

  • Kitchen
  • Living Room
  • Master Bedroom

Water View

  • Intracoastal
  • Marina

Dining Area

  • DiningLiving Room

WaterSource

  • Public

Pets Allowed

  • Dogs OK
  • Pet Restrictions Possible

Restrictions

  • Buyer Approval Required
  • No Smoking

Water Source

  • Public

Listing Terms

  • Cash

Structure Type

  • Multi Family

Balcony Details

  • Balcony - Covered

ParkingFeatures

  • Assigned
  • Covered
  • Deeded
  • Guest

Pets Allowed YN

  • Yes

Tax Information

  • CityCounty

Window Features

  • Blinds
  • Drapes
  • Sliding
  • Storm Window(s)

Association Type

  • Co-Op

ExteriorFeatures

  • Balcony

InteriorFeatures

  • Bedroom Layout - Split
  • Built-in Features
  • Entrance Foyer
  • Pantry
  • Storage
  • Walk-In Closet(s)

Laundry Features

  • Laundry Closet

Main Living Area

  • Entry Level

Parking Features

  • Assigned
  • Covered
  • Deeded
  • Guest

SecurityFeatures

  • Building Security
  • Entry - Phone/Intercom
  • Fire Alarm
  • Fire Sprinkler System
  • Lobby - Attended
  • Security Lights
  • Security System
  • Security System Owned
  • Smoke Detector(s)

Interior Features

  • Bedroom Layout - Split
  • Built-in Features
  • Entrance Foyer
  • Pantry
  • Storage
  • Walk-In Closet(s)

Security Features

  • Building Security
  • Entry - PhoneIntercom
  • Fire Alarm
  • Fire Sprinkler System
  • Lobby - Attended
  • Security Lights
  • Security System
  • Security System Owned
  • Smoke Detector(s)

ArchitecturalStyle

  • Traditional

Master BedroomBath

  • Separate Shower
  • Separate Tub

Property Condition

  • Resale

Road Frontage Type

  • City Street
  • East of US-

WaterfrontFeatures

  • Intracoastal

Acreage Description

  • 1 To Less Than 2 Acre Lot

Architectural Style

  • Traditional

Road Responsibility

  • Public Maintained Road

Special Information

  • Sold As-Is

Waterfront Features

  • Intracoastal

AssociationAmenities

  • Security
  • Maintenance
  • Pool
  • Bike Storage
  • Community Room
  • Elevator(s)
  • Heated Pool
  • Laundry
  • Lobby
  • Management
  • Manager On Site
  • Parking
  • Sidewalks
  • Street Lights
  • Trash Chute

Showing Requirements

  • Appointment Only
  • Call Listing Agent
  • Listing Agent Must Accompany

Water Heater Details

  • Electric Water Heater

Association Amenities

  • Maintenance
  • Security

Outdoor Living Spaces

  • Balcony

Sprinkler Description

  • Auto Sprinkler

Construction Materials

  • CBS

Association Fee Includes

  • Cable TV
  • Common Areas
  • Common Real Estate Tax
  • Elevator
  • Insurance
  • LegalAccounting
  • Maintenance Grounds
  • Maintenance Structure
  • Pest Control
  • Pool Service
  • Reserve Funds
  • Security
  • Sewer
  • Trash

SpecialListingConditions

  • Standard

Special Listing Conditions

  • Standard

Property Details

Property TypeResidential
StyleStock Cooperative
Year Built1967
CountyPalm Beach
SubdivisionTHREE EIGHTY NINE CORP LESSEE
Living Area2,443 sq ft
Bedrooms3
Baths3
Half Baths0
WaterfrontYes
Unit NumberPhb
HOA Fee$10,500 / Quarterly
HOA IncludesPool Service, Cable TV, Common Areas, Common Real Estate Tax, Elevator, Insurance, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Reserve Funds, Security, Sewer, Trash
Annual Tax$55,480.63 (2025)
Special AssessmentNo
Pets AllowedDogs OK, Pet Restrictions Possible, Yes
Other Restrictions1 pet 25 lbs. max
Listing OfficeBrown Harris Stevens of PB
Listing AgentAshley Drew Copeland
Office Phone561-659-6400

389 S Lake Drive Phb, Palm Beach, FL 33480, Palm Beach, FL 33480