389 S Lake Dr #Phb, Palm Beach, FL, 33480
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.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1967
Type & Style
- Home type: Condo
- Property subType: Condo/Co-Op
Interior
Appliances
- Appliances included: Refrigerator,Freezer,Electric Range,Dishwasher,Microwave,Disposal,Washer,Dryer,Ice Maker,Double Oven
- Laundry features: In Unit,Common Area
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Cooling features: Central Air
Features
- Storage,Pantry
- Window features: Window Treatments,Impact Windows
- Flooring: Hardwood,Stone
Interior Area
- Total structure area: 3,337
- Total interior livable area: 2,443 sqft
Property
Details
- Parcel number: 50434327630006020
- Zoning: R-D(2) - Heavy Density Residential
Features
- Private pool: Yes
- Pool features: Electric Heat
- Exterior features: Balcony,Elevator,Lobby,Sprinkler System
- On waterfront: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Heat Wave
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Palm Beach County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $40,351 | $484,212 |
| Home Insurance * | $2,362 | $28,344 |
| Property Taxes | $11,400 | $136,800 |
| Electricity | $245 | $2,950 |
| Total | $54,358 | $652,296 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Listed for sale | $7,980,000 |
For Sale by Agent
View on Zillow