$1,450,000
SOLD AUG 1, 2025

389 S Lake Dr Unit 2F Palm Beach, FL 33480

2 Beds
2 Baths
1,703 Sq Ft
$2,800/mo HOA Fee

Recently Sold

$851 Per Sq Ft

27% Below List Price

165 Days on Market

Highlights

  • Fitness Center
  • Separate Shower in Primary Bathroom
  • Central Heating and Cooling System
  • Palm Beach Public School Rated A-
  • Ceramic Tile Flooring
  • Trails

About This Home

As of August 2025

This elegant two-bedroom, two-bath condo is pet-friendly and located in the heart of Palm Beach, just steps from Worth Ave shopping and dining. Building is directly across from the state-of-the-art Palm Beach Marina. Featuring soaring 9-foot ceilings, the residence is bathed in natural light and offers stunning views of the surrounding area. Situated in a full-service building with pool and 24-hour doorman, this unit also includes one assigned parking space. This prime location offers the perfect blend of luxury, convenience, and coastal living.

Last Agent to Sell the Property

Shirley Wyner

William Raveis Real Estate License #194926 Listed on: 02/17/2025

Co-Listed By

Cindy Bray

William Raveis Real Estate License #3002675

Last Buyer's Agent

Allison Wren

The Corcoran Group License #3199580

The Corcoran Group

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $5,555

Year Built

  • Built in 1967

Lot Details

  • 1.55 Acre Lot

HOA Fees

  • $2,800 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 1,703 Sq Ft Home
  • Ceramic Tile Flooring
  • Fire Sprinkler System
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 50434327630002060

Community Details

Overview

  • High-Rise Condominium
  • Three Eighty Nine Corp Le Subdivision
  • 6-Story Property

Recreation

  • Fitness Center
  • Trails

Pet Policy

  • Pets Allowed

Property Details

Home Type

Co-Op

Est. Annual Taxes

$5,555

Year Built

Built in 1967

Lot Details

0

HOA Fees

$2,800 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Stock Cooperative
  • Property Sub Type Additional: Condominium,Stock Cooperative
  • Year Built: 1967
  • Architectural Style: High Rise
  • Entry Level: 2
  • Unit Levels: Three Or More
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Elevator, Separate Shower
  • Furnished: Unfurnished
  • Appliances: Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer/Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Living Area: 1703.0
  • Dining Room Type: Storage Room
  • Stories: 6

Exterior Features

  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Security: Fire Sprinkler System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2800.0
  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Fitness Center, Trail(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 50434327630002060
  • Lot Size: 1 to < 2 Acres,East of U
  • Lot Size Sq Ft: 67570.0
  • Zoning Description: R-D(2)

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5555.0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $300,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Sold $1,450,000 -17.1% $851 / Sq Ft
04/18/2025 04/18/25 Price Changed $1,750,000 -12.5% $1,028 / Sq Ft
02/17/2025 02/17/25 For Sale $1,999,000 -- $1,174 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Shirley Wyner

    William Raveis Real Estate

    (561) 655-6570

    9 Total Sales

    Shirley Wyner
    Section Image

  • C

    Seller Co-Listing Agent in 2025

    Cindy Bray

    William Raveis Real Estate

    (561) 655-6570

    69 Total Sales

    Cindy Bray
    Section Image

  • A

    Buyer's Agent in 2025

    Allison Wren

    The Corcoran Group

    (561) 655-9081

    28 Total Sales

    Allison Wren
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R11063649

BeachesMLS

APN: 50-43-43-27-63-000-2060

Florida Palm Beach County Palm Beach 33480

389 S Lake Dr Unit 2F, Palm Beach, FL

This home is located at 389 S Lake Dr Unit 2F, Palm Beach, FL 33480 and is currently priced at $1,450,000, approximately $851 per square foot. This property was built in 1967. 389 S Lake Dr Unit 2F is a home located in Palm Beach County with nearby schools including Palm Beach Public School, Conniston Middle School, and Forest Hill Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Nearby Homes