Properties
Reading the market
Properties · Palm Beach · THREE EIGHTY NINE CORP LESSEE
389 S Lake Drive #Phb, Palm Beach, FL 33480
$7,980,000
Bedrooms
3
Bathrooms
3
Living area
2,443 sf
Built
1967
Current taxes
$55,481 / 2025
Subject to change upon purchase and reassessment.
As assessed today. Florida caps a homesteaded assessment, so a buyer's figure is set after closing — confirm with the county.
Flood zone
Zone AE · 4 ft
Special flood hazard area. Flood insurance is required with a federally backed mortgage.
FEMA flood map, read Aug 31, 2026. Confirm the rating with your insurer.
Getting around
- Palm Beach International15 min
- Downtown West Palm7 min
- Worth Avenue3 min
Typical driving time without traffic.
Assigned schools
- Palm Beach Public7 min
- Forest Hill22 min
Assigned schools per BeachesMLS. Verify boundaries with the district.
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.
Where it sits
Dining nearby
Buccan Sandwich Shop
4.8Restaurant0.8 mi
Pink Steak
4.7Restaurant1.2 mi
Buccan
4.7Restaurant0.4 mi
Rocco's Tacos & Tequila Bar
4.6Mexican Restaurant0.9 mi
Batch Local Kitchen: West Palm Beach
4.5American Restaurant1 mi
Close by
Henry Morrison Flagler Museum
4.8History Museum0.8 mi
The Park
4.8Golf Course3.7 mi
Palm Beach Lake Trail
4.8Park0.3 mi
Manatee Lagoon
4.7Tourist Attraction4.3 mi
Worth Avenue Clock Tower
4.7Tourist Attraction0.6 mi
Ratings and places from Google.
The record
- Reference
- B26027444
- Status
- Active
- Type
- Residential
- Year built
- 1967
- Lot
- 67,518 sf
- Per square foot
- $3,266
- Subdivision
- THREE EIGHTY NINE CORP LESSEE
- Pool
- No
- Waterfront
- Yes
Palm Beach
What this page cannot tell you
What is wrong with it. What it should trade at rather than what it is asking. Whether the owner is motivated. And what else is quietly available on that street that never reached the MLS. Greg writes that for one person at a time.
MLS B26027444 · Active. Price, status and photography are read live from BeachesMLS. Information is deemed reliable but not guaranteed and should be independently verified.