Townhouse in 198 Lake Arbor Drive, Palm Springs, FL 33461 for sale with MLS# B26013829
Turnkey investment opportunity with immediate rental income! This updated 2-bed, 2-bath townhome is tenant-occupied, offering instant cash flow from day one. Major capital improvements have already been completed, including a new roof, AC system, electric panel, flooring, fresh interior paint, and renovated bathrooms-minimizing future maintenance costs for investors. The upgraded kitchen features white shaker cabinetry, butcher block countertops, and stainless steel appliances, adding strong tenant appeal. Additional highlights include low HOA fees, accordion hurricane shutters for storm protection, a fenced front patio & two assigned parking spaces. Ideal for investors seeking a stabilized, income-producing property with strong rental appeal and minimal deferred maintenance.
198 Lake Arbor Drive, Palm Springs, FL 33461
Price
- Price:
- $319,999.00
- Original List Price:
- $325,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $263.79
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential
- Property Type:
- Townhouse
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- May 19, 2026 10:06 pm
Rooms Distribution
- Bedrooms:
- 2
- Bathrooms Total:
- 2
- Full Bath:
- 2
- Room Type:
- Kitchen, Living Room, Master Bedroom
- Master Bedroom Bath:
- Master Bdrm - Upstairs, Dual Sinks, Combo Tub/shower
Measures
- Living Area:
- 1,232 Sqft
- Built-Up Area:
- 1,274 Sqft
- Building Area Source:
- Public Records
- Living Area Source:
- Public Records
- Lot Size Acres:
- 0.03
Property Features
- Waterfront:
- No
- Security:
- Smoke Detector(s)
- Furnished:
- Unfurnished
- Appliances:
- Dryer, Dishwasher, Microwave, Refrigerator, Washer, Gas Water Heater, Electric Range, Ice Maker, Water Heater, Range, Vented Exhaust Fan
- Interior:
- Pantry, Storage
- Exterior:
- Balcony
- Patio and Porch:
- Patio, Deck, Patio - Open
- Laundry:
- Inside, Laundry Room, Gas Dryer Hookup, In Bathroom, Main Level, In Unit
- Air Conditioning
- Air Conditioning System:
- Central Air, Ceiling Fan(s), Electric
- Heating
- Heating System:
- Central
- Fence:
- Fenced, Back Yard, Gate
- Property Entrance Faces:
- South
- Balcony Details:
- Balcony - Open
- Storm Protection Accordian Shutters:
- Complete
Construction
- Year Built:
- 1978
- Roof:
- Shingle, Other, Mansard
- Year Roof Installed:
- 2026
- Levels:
- Two
- Entry Level Location:
- Entry Level Living Area Y
- Construction Materials:
- Stucco, Brick, CBS
- Flooring:
- Wood, Vinyl
- Number of stories:
- 1
- Structure Type:
- Townhouse
- Stories:
- 2
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $2,389.48
- Tax Year:
- 2025
- Association Fee:
- $283.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- No Homestead
Parking
- Parking Total Spaces:
- 2
- Covered Spaces:
- 0
- Parking Features:
- Assigned, Guest
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Electricity Connected, Natural Gas Connected, Water Connected
- Water Source:
- Public
Community
- Association
- Membership Details:
- No Membership Available
- Association Membership:
- Mandatory
- Association Type:
- Homeowner Association
- Pets Allowed?:
- Yes, Breed Restrictions, There is a limit on the number of pets allowed
- Amenities Provided by the Homeowner's Association (HOA):
- Playground, Sidewalks, Parking, Street Lights
- Subdivision Name:
- LAKEWOOD OF PALM SPRINGS
- Association Fee Includes:
- Maintenance Grounds, Trash, Common Areas, Insurance
- Senior Community:
- No
- Association Phone:
- 561-250-6565
- Restrictions:
- Parking - No Boat, Parking - No Commercial Vehicles, Parking - No Rv, Parking - No Truck, Parking - No Motorcycle
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA, 1031 Exchange
- Occupant Type:
- Tenant Occupied
- Buyer Possession:
- Close Of Escrow
- Negotiable Seller Concessions
Zoning and Legal
- Tax Legal Description:
- LAKEWOOD OF PALM SPRINGS TH PT OF TR B IN OR2732P1135 BEING UNIT 198 OF LAKEWOOD TOWNHOUSE PROJECT
- Real Estate Folio Number (Parcel Number):
- 70434417540021980
- Zoning:
- RM (city)
Public Schools Assigned
- Elementary School:
- Castleview Elementary
- High School:
- Forest Hill
- Middle Or Junior School:
- Conniston Community
Listing History
- Active on the market since:
- April 10, 2026
- Listing Agreement executed on:
- April 10, 2026
- Price change occurred on:
- May 19, 2026 10:06 pm
- Listing Status Last Changed On:
- April 10, 2026 5:03 pm
- Photos updated on:
- May 22, 2026 4:32 pm
- Last Modified:
- May 31, 2026 4:14 pm
Additional Information
- Courtesy of:
- Gobin & Co., LLC.
- Attribution:
- Not provided
Location
- Street Name:
- Lake Arbor
- Street Number:
- 198
- City:
- Palm Springs
- State:
- Florida
- Zip Code:
- 33461
- County:
- Palm Beach
- Latitude:
- N26° 38' 11.9''
- Longitude:
- W81° 55' 5''
- Street Suffix:
- Drive
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$61,218
Median Home Value
$263,400
Median Rent
$1,615/mo
Median Age
36
Population
49,245
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