A novel synthetic aperture method for real-time three-way dynamic focusing is proposed, which provides lateral beam patterns represented as the product of Fourier transforms of transmit subaperture, receive subaperture, and a synthetic window function. In the proposed method, all array elements are fired individually and for each firing echo signals are recorded from all elements of a receive subaperture moving along an array with the transmit element. The three-way dynamic focusing is then achieved by employing a synthetic aperture algorithm for two-way dynamic focusing and a synthetic focusing method for transmit dynamic focusing. Both theoretical analysis and computer simulation results show that the proposed method produces ultrasound beams with improved lateral resolution at all depths compared to the conventional phased array imaging and synthetic aperture focusing methods.