A co-operative in Palm Beach, Florida
Three Eighty Nine, Palm Beach
A co-operative of 41 apartments at 389 South Lake Drive in the center of Palm Beach, recorded as Three Eighty Nine Corp. and built in 1967.
Homes, years and sizes: Palm Beach County property records (2025 tax roll).
Overview
About Three Eighty Nine
Three Eighty Nine is a 1967 co-operative at 389 South Lake Drive, the road that runs along the Lake Worth Lagoon south of Royal Palm Way. The county roll counts 41 apartments, most about 1,200 to 1,300 square feet, with a few near 2,400.
The county records the building as Three Eighty Nine Corp., with each apartment held under a proprietary lease. One more parcel on the roll carries no living area and belongs to the corporation itself, so it is not counted as a home.
Eliot House, Four Fifty Five and Villas Inc. are its nearest neighbors on the lake side of town. Worth Avenue, the town docks and Pan’s Garden are a short walk away.
As a co-operative, buyers purchase shares and a proprietary lease, and the board reviews each sale. We confirm the rules, budget and recent reports for a specific apartment.
At a glance
- Streets
- South Lake Drive
- Home type
- Co-operative apartments
- Zip code
- 33480
- County
- Palm Beach County
- Association
- Three Eighty Nine Corporation (co-operative corporation)
On the market now
Homes for Sale in Three Eighty Nine
Listings inside the boundary of Three Eighty Nine, newest first, updated through the day from BeachesMLS. No homes are listed for sale here right now. New listings come up through the year; ask me to watch for one.
$2,750,000
For Sale
389 S Lake Drive 2g Palm Beach, Florida
2 Beds 2 Baths 1,680 SqFt
$7,980,000
For Sale
389 S Lake Drive Phb Palm Beach, Florida
3 Beds 3 Baths 2,443 SqFt 1.55 Acres
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ 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 is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than Douglas Elliman Real Estate are identified with the listing firm’s name on each listing’s detail page. Listing data last updated Wednesday, November 4th, 2026 at 09:53:23 PM.
Closed sales
The Three Eighty Nine Market
Closed sales inside the boundary of Three Eighty Nine, every home type together. Medians and the middle range say more than any average, and in a community this size a single unusual sale can move a year.
Three Eighty Nine recorded 6 closed sales in the twelve months through October 2026. Medians, so one unusual sale does not move them; we break the numbers out by home type for any home you are considering.
| Measure | Last 12 months | Year before | Change |
|---|---|---|---|
| Homes sold | 6 | 2 | +200% |
| Median sale price | $1,673,000 | $1,875,000 | -11% |
| Median price per sq ft | $1,047 | $1,005 | +4% |
| Active listings now | 0 |
BeachesMLS closed sales inside the boundary of Three Eighty Nine, twelve months through October 2026, via IDX Broker. Active listings now is live from the MLS feed; the median asking price updates monthly. Listing information deemed reliable but not guaranteed.
Association and costs
The Three Eighty Nine Association and What It Costs
Who runs the association, what governs it, and what current listings say the fee is.
| Association | Three Eighty Nine Corporation (co-operative corporation) |
|---|---|
| Florida corporate record | Sunbiz document 701434, filed September 16, 1960 (opens in a new tab) |
| Water | The building faces South Lake Drive along the lagoon; views and any water access we confirm for a specific apartment. |
Association Fees From Current Listings
| Association fee, median | $2,714 a month |
|---|---|
| Typical range | $2,336 to $5,984 a month |
| Usually covers | Common Areas, Insurance, Pest Control, Cable TV, Sewer, Trash, Water, Maintenance Grounds |
| Club membership | Not required |
From 8 current and recent BeachesMLS listings in Three Eighty Nine, via IDX Broker, refreshed weekly. Fees are monthly equivalents of the association fees in each listing; condo, master and sub-association fees can stack. The recorded documents, the current budget and the estoppel govern.
What Else to Check
- Taxes and insurance After a sale the assessed value resets the following January. Flood zone and roof age drive insurance quotes, so we check both for the address.
- Estoppel The closing agent orders an estoppel certificate from each association, which confirms what is owed at closing.
Documents to Review Before Closing
- Before you sign: the association disclosure summary and the parcel’s tax bill, including any non-ad valorem lines
- Before you sign: leasing and approval rules if you may rent, and architectural rules for exterior changes
- Before closing: estoppel certificates from every association that applies
Where it sits
Around Three Eighty Nine
Places nearby.
Zoned Public Schools
At the center of Three Eighty Nine, the School District of Palm Beach County zones Palm Beach Public Elementary (elementary), Conniston Middle (middle) and Forest Hill High (high). Boundaries are set by address and can change, so we confirm them for the home you are considering.
Elementary
- Palm Beach Public Elementary
Middle
- Conniston Middle
High
- Forest Hill High
How it came to be
A Short History of Three Eighty Nine
- 1911
The Town of Palm Beach was incorporated on April 17.
- 1967
Three Eighty Nine was completed at 389 South Lake Drive, according to the county roll.
- 1971
Four Hundred Fifty Five was completed nearby, according to the county roll.
Sources: Palm Beach County 2025 tax roll (Florida Department of Revenue), Town of Palm Beach, Wikipedia (Palm Beach, Florida).
The boundary
Three Eighty Nine on the Map
Questions
Questions Buyers Ask About Three Eighty Nine
What do homes in Three Eighty Nine cost right now?
No homes are listed for sale here right now. New listings come up through the year; ask me to watch for one. The market section above shows what homes here actually sold for over the past year.
Where is Three Eighty Nine?
At 389 South Lake Drive in the center of Palm Beach, in the 33480 ZIP. Eliot House and Four Fifty Five are its nearest neighbors.
Is Three Eighty Nine a condominium or a co-op?
A co-operative. The county roll records it as Three Eighty Nine Corp., lessee, with co-op apartments.
When was Three Eighty Nine built?
The county roll dates the building to 1967.
How big are the apartments at Three Eighty Nine?
Most run about 1,200 to 1,300 square feet on the county roll, with a few near 1,800 and the largest about 2,400.
How does buying into a co-operative work?
In a co-operative you buy shares in the corporation that owns the building and receive a proprietary lease for your apartment, rather than a deed to a unit. Purchases usually need board approval. We pull the corporation’s documents, rules and budget for a specific residence before an offer.
How many homes are in Three Eighty Nine, and when were they built?
There are about 41 homes in Three Eighty Nine.
Who runs the Three Eighty Nine association?
Three Eighty Nine Corporation (co-operative corporation) (Florida document 701434, filed September 16, 1960) governs the community; we confirm the current management company for each home.
What are the association fees in Three Eighty Nine?
The fee table on this page is drawn live from current and recent listings. The seller’s disclosure, the association disclosure summary and the estoppel certificate confirm the exact amount for a specific home.
Is Three Eighty Nine gated?
We have not found an official source on gates or a front desk; we confirm building access for a specific residence.
Which public schools serve Three Eighty Nine?
At the center of Three Eighty Nine, the School District of Palm Beach County zones Palm Beach Public Elementary (elementary), Conniston Middle (middle) and Forest Hill High (high). Boundaries are set by address and can change, so we confirm them for the home you are considering.
Keep Exploring
More Palm Beach Neighborhood Guides
Three Eighty Nine · Palm Beach
Let Us Take Care of the Details
Tell us the street or the home in Three Eighty Nine. We come back with the listings, the association’s fees and rules, and what similar homes sold for, then arrange the visits and coordinate every step to closing day.
Monika Phillips, Sales Associate, Douglas Elliman Real Estate
- Association fees, rules and documents gathered for each home
- Leasing and approval rules pulled up front
- Tax bill and flood zone checked for the address
- One team from the first look to closing day
Home counts, years built and sizes come from Palm Beach County property records (2025 tax roll); association records from the Florida Division of Corporations; school zones from the School District of Palm Beach County. Listing and sales data from BeachesMLS via IDX is deemed reliable but not guaranteed; listings may be held by brokerages other than Douglas Elliman. Association fees shown come from current and recent listings and can differ from the association’s budget; recorded documents and the associations’ own figures control. Verify anything that matters to your decision with the source. Monika Phillips, Sales Associate, Douglas Elliman Real Estate. Equal Housing Opportunity.
