5d/389 S Lake Dr

Off Market

5d/389 S Lake Dr

Palm Beach FL 33480

1702 sq. ft.

1.55 ac.

Condo

Last sold for $1,250,000

Brian Jacobs, last sold this property on 21 May 2026 after 151 days on market.

Overview

Experience the epitome of Palm Beach living at 389 S Lake Drive, an exclusive, full-service boutique building in the heart of Midtown. This light-filled residence is perfectly positioned just one block from world-renowned Worth Avenue, the scenic Lake Trail, and the town docks. Enjoy serene Intracoastal and pool views from your private oasis. The pet-friendly building offers a sophisticated lifestyle with premium amenities, including a professional doorman, heated swimming pool, on-site management, and assigned parking. Many units feature modern renovations, high ceilings, impact glass, and in-unit laundry. Don't miss this rare opportunity to own in one of the Island's most coveted locations

Features

2 bedrooms

2 bathrooms

1702 sq. ft. floor area

1.55 ac. lot size

Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Palm Beach over the last 12 months, the estimated median property value of 5d/389 S Lake Dr is $1.1m.

Median value

$1.1m

Estimated value range

$160k - $8m

Median days on market

Estimated value trend

-4%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Palm Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5d/389 S Lake Dr

2026

Sold

$1,250,000

21 May 2026 by Brian Jacobs, of Network Property Group, Llc

Happy sellers in Palm Beach

87%

87% of sellers in Palm Beach reported that their sale price either exceeded or met their price expectations.

Palm Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Palm Beach over the last 12 months.

Local market activity for 2 bedroom condos in Palm Beach

In the last 12 months, 182 two-bedroom condos similar to 5d/389 S Lake Dr, have been sold.

This represents a 12% decrease in two-bedroom condos sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Palm Beach for a market analysis.

Barry Gutknecht

at COMPASS FLORIDA LLC

(6 reviews)

Get a market analysis

Jeff Tricoli

at Keller Williams Reserve

(960 reviews)

Get a market analysis

Rodes Robinson

at Compass Florida LLC

(6 reviews)

Get a market analysis

Chloe DeLois

at Compass Florida LLC

(13 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Palm Beach

Barry Gutknecht

Barry Gutknecht is a recommended agent for Palm Beach. They have 2 local sales and collected 2 local reviews across the last 12 months.

5 (6 reviews)
2 Reviews in Palm Beach
2 Sales in Palm Beach

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Jeff Tricoli

Sellers who recommend Jeff Tricoli have praised them for being clear communication, responsive, local expert, supportive, great negotiation, strategic, and well-prepared