389 Lake Drive Unit Phb, Palm Beach, FL 33480

$7,980,000 — Pending

Property Features

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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 Details

  • Listing ID: B26027444
  • Status: Pending
  • Listing Date: 2026-05-11
  • Property Type: Stock Cooperative
  • Unit / Building #: Phb
  • Subdivision: THREE EIGHTY NINE CORP LESSEE
  • County: Palm Beach
  • MLS Area: 5002
  • Bedrooms: 3
  • Full Bathrooms: 3
  • Living Area Sq Ft: 2,443
  • Year Built: 1967

Financial

  • List Price: $7,980,000
  • HOA Fee: $10,500/mo
  • Taxes: $55,481/yr

Features & Amenities

  • View: Water, Intracoastal, Marina
  • Furnished: Unfurnished
  • Pets Allowed: Yes, Dogs OK, Pet Restrictions Possible
  • Parking: Assigned, Covered, Deeded, Guest
  • Cooling: Central Individual
  • Heating: Central Individual
  • Flooring: Marble, Wood, Mexican Tile
  • Construction: CBS
  • Roof: Other
  • Interior Features: Built-in Features, Entrance Foyer, Pantry, Walk-In Closet(s), Bedroom Layout - Split, Storage
  • Exterior Features: Balcony
  • Community Amenities: Elevator(s), Laundry, Management, Parking, Pool, Manager On Site, Trash Chute, Bike Storage, Community Room, Heated Pool, Lobby, Sidewalks, Street Lights, Security, Maintenance

Courtesy of Brown Harris Stevens of PB
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RAPB

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