3 months on rocket

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

$2,800,000

2 Bedrooms
2 Full Baths
1,703 SqFt
$1,644/SqFt
Condo
Schools Nearby

Location

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Property Highlights

Home TypeCondominium
ParkingAssigned
Year Built1967
HeatingCentral
CoolingCentral Air
WaterfrontNone
MLS #RX-10948322
StatusActive

About 389 S Lake Dr Unit 2F

Location! Location! Location! One block to Worth Avenue and steps to the state-of-the-art Palm Beach Marina. This very spacious 2 bedroom/2 bath apartment with 9' ceilings has lovely views of the pool and gardens. Light and bright open floor plan. Master bedroom includes a very large walk-in closet. The 389 South Lake Drive is a full-service building with 24 hour doorman. One assigned parking space. Rentals are prohibited for the first two years of membership. Then only twice in ten years. Sub-leases cannot be for less than three months or more than twelve months. No sub-sub-leasing is allowed. Sub-lessees are not allowed to have pets. 389's land lease goes back to 1959 and ends on April 23, 2058.

Property Details

Property Features

Property Information:

  • Architectural Style: 4+ Floors
  • Year Built: 1967
  • Stories: 6
  • Living Area: 1,703 SqFt

Listing Office:

  • Office Name: William Raveis South Florida
  • Office Phone: (561) 655-6570
  • Listing Agent: Shirley M. Wyner

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Freezer, Ice Maker, Microwave, Electric Range, Refrigerator
  • Flooring Type: Ceramic Tile
  • Interior: Elevator, Fire Sprinkler

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None

Parking Information:

  • Attached Garage: No
  • Parking: Assigned

Virtual/3D Tour

  • Virtual Tour: 389 S Lake Dr Unit 2F

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Forest Hill Community High School, Public Magnet Grades 9-12
  • Conniston Middle School, Public Magnet Grades 6-8
  • Palm Beach Public School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Corner of S Lake and Peruvian

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,800,000
  • Price Per SqFt: $1,644/SqFt

HOA Fees:

  • Amount: $2065
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Palm Beach, FL.

Med. Sold Price

$1.1M

Med. Price/SqFt

$711

Avg. Days On Market

143

# of Sold Homes

38

389 S Lake Dr Unit 2F vs Palm Beach

110 DAYS ON ROCKET

-33 Days

$2,800,000

+$1.6M More

$1,644/SqFt

+$933 More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $933/SqFt more than other homes in Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-10948322

Listing Office:

  • Office Name: William Raveis South Florida
  • Office Phone: (561) 655-6570
  • Listing Agent: Shirley M. Wyner

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 3:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$16.1K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,461

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1870691
7
/10
  • Palm Beach Public School

  • 239 Cocoanut Row

  • 0.40 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-1870692
4
/10
  • Conniston Middle School

  • 3630 Parker Ave

  • 1.98 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1870693
3
/10
  • Forest Hill Community High School

  • 6901 Parker Ave

  • 3.57 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $97,222. The majority of Palm Beach, FL residents have income between $100k-200k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 389 S Lake Dr Unit 2F

What is the listing price of this property?

The listing price of 389 S Lake Dr Unit 2F property is $2,800,000.

What type of property is this?

The property 389 S Lake Dr Unit 2F is a condo located in Palm Beach, Florida, 33480.

Is this property for sale now?

Active Listing: 389 S Lake Dr Unit 2F is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 389 S Lake Dr Unit 2F are:
Palm Beach Public School: GreatSchools Rating 7/10
Conniston Middle School: GreatSchools Rating 4/10
Forest Hill Community High School: GreatSchools Rating 3/10

How many bedrooms and bathrooms does this property have?

The property at 389 S Lake Dr Unit 2F has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 389 S Lake Dr Unit 2F is 1,703 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 389 S Lake Dr Unit 2F is 1967.
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Rocket Homes›Florida›Palm Beach County›Palm Beach›33480›389 S Lake Dr Unit 2F

This home is located at 389 S Lake Dr Unit 2F in Palm Beach, FL and zip code 33480 in the Mid-Town neighborhood. This 1,703 square foot home was built in 1967. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 08, 2024 and is currently priced at $2,800,000.

In March 2024, from all listings sold in Palm Beach, FL there were more than 3 sold above asking price, over 35 sold below and more than 0 were sold right at the asked price. Between February 2024 and March 2024, Palm Beach, FL real estate market has seen increase in the number of listings by 5.7%. In March 2024 median list price was $1,113,750 and the average listing age was 143 days.

From Rocket Homes Real Estate and based on county public records data.

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