Properties

Reading the market

389 S Lake Drive #Phb, Palm Beach, FL 33480 · Foresight

Properties · Palm Beach · In-Town

Greg Forest Group | Palm Beach Brokerage

389 S Lake Drive #PhbPalm Beach, FL 33480

$7,980,000

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Bedrooms

Bathrooms

Living area

2,443 sf

Built

1967

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389 S Lake Drive #Phb, Palm Beach, FL 33480 photo 1

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 Oct 15, 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.

Schools

Palm Beach Day Academy Pre-K to 85 min
The Greene School PK to 87 min
Rosarian Academy Pre-K to 88 min
Oxbridge Academy 6 to 1218 min

Zoned public

Palm Beach Public6 min
Forest Hill3 min

Driving times without traffic. Public assignment per BeachesMLS; verify boundaries with the district.

From the listing

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.

A private read

Some of what matters about a property is never in its listing. Where the price sits against what the street has actually traded. Whether there is room. And what may be available nearby, privately, without ever reaching the market. Greg gives that read directly.

The record

Reference: B26027444
Status: Active
Type: Stock Cooperative
Year built: 1967
Lot: 67,518 sf
Per square foot: $3,266
Section: In-Town
Pool: No
Waterfront: Yes

Where it sits

Where to eat

For a first dinner on the island

BuccanAmerican · South County Road
Still the benchmark for modern Palm Beach dining. Creative small plates, consistently strong food, and one of the best rooms on the island.
ImotoJapanese · South County Road
Buccan's smaller sister. Sushi, sashimi and creative Asian dishes, and one of the best rooms on the island for a short, very good dinner.
Coco's at VinetaRestaurant · Vineta Hotel
Newly opened at the Vineta.

For when someone needs impressing

Palm Beach GrillAmerican · Royal Poinciana Way

Ask Greg directly

MLS B26027444 · Active. Price, status and photography are read live from BeachesMLS. Information is deemed reliable but not guaranteed and should be independently verified.

Courtesy of Brown Harris Stevens of PB · 561-659-6400

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by BeachesMLS.