2 months on rocket

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

$2,400,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,577 SqFt
$1,522/SqFt
Condo

Location

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389 S Lake Dr Unit 2H, Palm Beach$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Guest, Open
Year Built1967
HeatingElectric
CoolingCeiling Fan(s), Central Air
WaterfrontIntracoastal
ViewGarden, Intracoastal, Pool
MLS #RX-11030664
StatusActive

About 389 S Lake Dr Unit 2H

OUTSTANDING opportunity to live in one of the most sought-after locations in the heart of Palm Beach. This well-maintained and exceptionally managed building is just one block from Worth Avenue next to the Intracoastal Waterway, lake trail, the Australian Docks & Lake Drive Park. A full-service, pet-friendly building designed by the noted architect, Howard Chilton. During the past 5 years, this building has been fully renovated to Miami-Dade Hurricane Code standards. This spacious & gracious end-unit apartment offers a split floor plan with double master bedrooms. The large enclosed light & bright lanai & master bedroom overlook the pool, garden & Intracoastal Waterway. This building features a full-time manager, a 24-hour doorperson & is located just minutes from luxury shopping,

Property Details

Property Features

Property Information:

  • Architectural Style: 4+ Floors
  • Year Built: 1967
  • Stories: 6
  • Living Area: 1,577 SqFt

Listing Office:

  • Office Name: Brown Harris Stevens of PB
  • Office Phone: (561) 659-6400
  • Listing Agent: Suzanne Smith

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Fire Alarm, Ice Maker, Microwave, Refrigerator, Oven, Electric Water Heater
  • Flooring Type: Carpet, Marble, Tile
  • Interior: Built-in Shelves, Closet Cabinets, Foyer, Pantry, Split Bedroom, Walk-in Closet

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Intracoastal
  • View: Garden, Intracoastal, Pool
  • Exterior: Fence, Zoned Sprinkler

Parking Information:

  • Attached Garage: No
  • Parking: Assigned, Guest, Open

Virtual/3D Tour

  • Virtual Tour: 389 S Lake Dr Unit 2H
Virtual Tour

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: Okeechobee Blvd. to Royal Palm Way, south on S. Lake Dr., building on the left, corner of S. Lake Dr. and Peruvian.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,400,000
  • Price Per SqFt: $1,522/SqFt

HOA Fees:

  • Amount: $2688
  • Frequency: Monthly
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Housing Market Comparison

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

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Palm Beach, FL

City

Med. Sold Price

$1.2M

Med. Price/SqFt

$795

Avg. Days On Market

119

# of Sold Homes

16

389 S Lake Dr Unit 2H vs Palm Beach

69 DAYS ON ROCKET

-50 Days

$2,400,000

+$1.1M More

$1,522/SqFt

+$727 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $727/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-11030664

Listing Office:

  • Office Name: Brown Harris Stevens of PB
  • Office Phone: (561) 659-6400
  • Listing Agent: Suzanne Smith

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: 12/31/2024, 4:20:53 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

$14.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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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.

Nearby Schools

school-card-donut-2285802
8
/10

  • Palm Beach Public School

  • 239 Cocoanut Row

  • 0.41 miles

  • Public Magnet Grades KG-5

school-card-donut-2285803
3
/10

  • Belvedere Elementary School

  • 3000 Parker Ave

  • 1.55 miles

  • Public District Grades PK-5

school-card-donut-2285804
5
/10

  • U. B. Kinsey/Palmview Elementary School

  • 800 11th St

  • 1.79 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $97,222. The most common annual income of people living in Palm Beach, FL is between $100k-200k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 389 S Lake Dr Unit 2H

What is the listing price of this property?

The listing price of 389 S Lake Dr Unit 2H property is $2,400,000.

What type of property is this?

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

Is this property for sale now?

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

How many bedrooms and bathrooms does this property have?

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

What is the square footage of this property?

The property 389 S Lake Dr Unit 2H is 1,577 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 389 S Lake Dr Unit 2H is 1967.

Rocket Homes›Florida›Palm Beach County›Palm Beach›33480›389 S Lake Dr Unit 2H

This home is located at 389 S Lake Dr Unit 2H in Palm Beach, FL and zip code 33480 in the Mid-Town neighborhood. This 1,577 square foot home was built in 1967. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $2,400,000.

Palm Beach, FL housing market in November 2024 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 15 sold below. The number of homes for sale in Palm Beach, FL increased by 21.2% between October 2024 and November 2024. In November 2024, listings were on the market for 119 days. During the same period, the median list price in this real estate market was $1,275,000.

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

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