Stock Cooperative

389 S Lake Drive

Palm Beach, FL 33480

$7,980,000

Beds: 3
Baths: 3
Sq ft: 2,443
Year built: 1967
Price per sq ft: $3,266

Listing courtesy of Ashley Drew Copeland, Brown Harris Stevens of PB

About this home

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.

Details

Property

Type: Stock Cooperative
Style: One Story
Year built: 1967
Stories: 6
Lot size: 67,570 sq ft
Subdivision: THREE EIGHTY NINE CORP LES
County: Palm Beach County
Faces: Southwest
View: Intracoastal View, Water
Waterfront: Intracoastal Front

Interior

Appliances: Electric Water Heater, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
Flooring: Marble, Wood
Cooling: Central Individual A/C
Heating: Central Individual A/C
Laundry: Common Area
Features: Lobby, Built-in Features, Fire Sprinklers, Entrance Foyer, Pantry, Split Bedroom, Walk-In Closet(s), Storage
Furnished: Unfurnished

Exterior and parking

Exterior: East Of Us1, Balcony
Pool: Community
Parking: Assigned, Awning, Covered, Deeded, Guest
Construction: CBS Construction
Roof: Other Roof/Roof Structure

Community and fees

Association fee: $10,500 quarterly
Amenities: Bike Storage, Laundry, Community Room, Community Pool, Elevator(s), Heated Pool, Laundry Facility, Maintained Community, Management On Site, Pool, Private Pool, Security Patrol, Trash Chute
Maintenance includes: Cable Tv, Elevator, Maintenance Incl Common Area, Insurance, Laundry Facilities, Legal/Accounting, Manager, Parking, Pest Control Interior, Pool Service, Reserve Fund, Security, Sewer, Trash Removal
Security: Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Fire Sprinklers, Fire Alarm, Owned Burglar Alarm, Security System, Smoke Detector, Building Security, Doorman, Phone Entry, Intercom In Lobby, Lobby Secured, Lobby Attended, Burglar Alarm, Security Lights, Unit Alarm
Pets: Yes
Annual taxes: $55,480
Terms: All Cash

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated October 2, 2026.