- $7,980,000
Description
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.
Address
Open on Google Maps-
Address: Lake
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City: Palm Beach
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State/county: Palm Beach
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Zip/Postal Code: 33480
Details
Updated on July 17, 2026 at 3:58 pm-
Property ID B26027444
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Price $7,980,000
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Property Size 2443 Sq Ft
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Land Area 1.55 Sq Ft
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Bedrooms 3
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Bathrooms 3
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Year Built 1967
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Type Stock Cooperative
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Property Status Residential
Additional details
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ArchitecturalStyle Traditional
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AssociationAmenities Bike Storage, Clubhouse, Maintenance Grounds, Laundry, Management, Pool, Parking, Security, Sidewalks, Trash, Elevator(s)
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AssociationFee 10500
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AssociationFeeFrequency Quarterly
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AssociationFeeIncludes Common Areas, Cable TV, Insurance, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Pest Control, Pool(s), Reserve Fund, Sewer, Security, Trash
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BathroomsFull 3
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BathroomsHalf 0
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BuildingAreaSource Other
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BuildingAreaTotal 3337
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CLIP 9938514381
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CommonInterest Stock Cooperative
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CommunityFeatures Property Manager On-Site, Street Lights
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ConstructionMaterials Block
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ContractStatusChangeDate 2026-05-12
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Cooling Central Air
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CoveredSpaces 0
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CumulativeDaysOnMarket 60
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CurrentPrice 7980000
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DaysOnMarket 60
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DaysOnMarketReplication 60
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DaysOnMarketReplicationDate 2026-07-10
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DaysOnMarketReplicationIncreasingYN 1
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DirectionFaces Southwest
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Directions On S. Lake Dr. on Intracoastal on corner of Peruvian Avenue
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DocumentsCount 0
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ElementarySchool Palm Beach Public
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EntryLevel 6
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Flooring Marble, Tile, Wood
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Furnished Unfurnished
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GreenEnergyEfficient Appliances
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Heating Central, Individual
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HighSchool Forest Hill
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InternetAddressDisplayYN 1
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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InternetEntireListingDisplayYN 1
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LandLeaseAmount 179550
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LandLeaseAmountFrequency Quarterly
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LandLeaseExpirationDate 2058-01-01
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LandLeaseYN 1
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LaundryFeatures Laundry Closet, Washer Dryer Install Allowed
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Levels One
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ListAOR BeachesMLS
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ListAgentAOR BeachesMLS
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ListAgentDirectPhone 561-596-5959
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ListAgentEmail acopeland@bhspalmbeach.com
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ListAgentFirstName Ashley
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ListAgentFullName Ashley Copeland
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ListAgentKey 26854136
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ListAgentKeyNumeric 26854136
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ListAgentLastName Copeland
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ListAgentMlsId 93079640
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ListAgentNationalAssociationId 273002329
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ListAgentOfficePhone 561-659-6400
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ListAgentPreferredPhone 561-596-5959
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ListAgentStateLicense 3079640
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ListOfficeAOR BeachesMLS
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ListOfficeKey 5913657
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ListOfficeKeyNumeric 5913657
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ListOfficeMlsId 273005225
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ListOfficeName Brown Harris Stevens of PB
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ListOfficePhone 561-659-6400
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2026-05-11
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ListingKey 1159896587
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ListingKeyNumeric 1159896587
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ListingService Full Service
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ListingTerms Cash
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LivingAreaSource Other
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LotFeatures 1-2 Acres, Sprinklers Automatic
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LotSizeArea 67570
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MLSAreaMajor 5002
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MainLevelBathrooms 3
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MainLevelBedrooms 3
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MajorChangeTimestamp May 12, 2026 at 11:55am
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MajorChangeType New Listing
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MapCoordinateSource Imported
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MlsStatus Active
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MobileDimUnits Feet
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ModificationTimestamp July 10, 2026 at 07:23am
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OnMarketDate 2026-05-12
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OnMarketTimestamp 2026-05-12T00:00:00.000-00:00
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OpenHouseModificationTimestamp 2026-07-10T03:22:05.220-00:00
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OriginalEntryTimestamp May 12, 2026 at 11:55am
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OriginalListPrice 7980000
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OriginatingSystemID M00000170
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OriginatingSystemKey 582767185
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OriginatingSystemListAgentMemberKey 1267365
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OriginatingSystemListOfficeKey 1154027
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OriginatingSystemModificationTimestamp 2026-07-10T03:22:05.220-00:00
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OriginatingSystemName BEACH
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OriginatingSystemSubName BEACH_BEACH
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ParcelNumber 50434327630006020
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ParkingFeatures Assigned, Covered, Deeded, Guest
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ParkingTotal 1
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PatioAndPorchFeatures Covered, Balcony
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Permission IDX
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PetsAllowed Dogs OK, Pet Restrictions, Yes
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PhotosChangeTimestamp June 18, 2026 at 07:02pm
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PhotosCount 39
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PoolFeatures Association, Heated
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Possession Close Of Escrow
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PostalCity Palm Beach
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PostalCode 33480
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PostalCodePlus4 4567
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PropertyCondition Resale
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PropertySubTypeAdditional Stock Cooperative
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PublicSurveyTownship 50
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RoadFrontageType City Street
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RoadResponsibility Public Maintained Road
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Roof Other
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SecurityFeatures Security System Owned, Security System, Building Security, Fire Alarm, Fire Sprinkler System, Lobby Secured, Phone Entry, Smoke Detector(s), Security Lights
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Sewer Public Sewer
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SourceSystemID TRESTLE
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SourceSystemKey 1159896587
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SourceSystemName flexmls
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SpecialListingConditions Standard, Listed As-Is
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StateOrProvince FL
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StatusChangeTimestamp May 12, 2026 at 11:55am
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Stories 6
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StoriesTotal 6
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StreetDirPrefix S
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StreetName Lake
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StreetNumber 389
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StreetNumberNumeric 389
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StreetSuffix Drive
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StructureType Multi Family
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SubdivisionName THREE EIGHTY NINE CORP LESSEE
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TaxAnnualAmount 55480.63
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TaxAssessedValue 3221020
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TaxLegalDescription THREE EIGHTY NINE CORP LESSEE PENTHOUSE B
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TaxYear 2025
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UnitNumber Phb
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UniversalPropertyId US-12099-N-50434327630006020-R-N
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Utilities Cable Available, Electricity Available, Sewer Available, Water Connected
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VideosCount 0
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View Intercoastal, Marina, Water
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WaterSource Public
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WaterfrontFeatures Intracoastal Access
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WindowFeatures Blinds, Drapes, Sliding, Storm Window(s)
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Zoning R-D(2) (city)
Features
- Balcony
- Bathtub
- Built-in Features
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Electric Cooktop
- Electric Range
- Electric Water Heater
- ENERGY STAR Qualified Refrigerator
- Entrance Foyer
- Freezer
- Has a View
- Has Cooling System
- Has Heating System
- Has Waterfront
- Home Owners Association
- Ice Maker
- Living/Dining Room
- Microwave
- Outdoor Living Area
- Oven
- Pantry
- Refrigerator
- Separate Shower
- Soaking Tub
- Split Bedrooms
- Storage
- Walk-In Closet(s)
- Washer
- Water Heater
Overview
- Stock Cooperative
- 3
- 3
- 2443 Sq Ft
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Contact Information
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- Jason Morgan