Townhouse in 198 LAKE ARBOR Drive, Palm Springs, FL 33461 for sale with MLS# B26085874
Tenant-occupied with a lease through March 2027! Turnkey 2-bed, 2-bath townhome offering immediate rental income and a strong investment opportunity. Major capital improvements have already been completed, including a new roof, AC system, electric panel, flooring, fresh interior paint, and renovated bathrooms. The upgraded kitchen features white shaker cabinetry, butcher block countertops, and stainless steel appliances. Additional highlights include low HOA fees, accordion hurricane shutters, a fenced front patio, and 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:
- $315,000.00
- Original List Price:
- $315,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $255.68
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:
- New Listing
- Last Major Update on:
- October 8, 2026 4:35 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
- Lot Area:
- 1,124 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:
- 2
- Structure Type:
- Townhouse
- Stories:
- 2
- Flood Zone Code:
- X
- 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
- Application Required
- 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, Lease Restrictions, Parking - No Truck, Parking - No Motorcycle
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease, Okay To Lease During First Year
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA, 1031 Exchange
- Buyer Possession:
- Close Of Escrow
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):
- 7043441754002198
- Zoning:
- RM (city)
Public Schools Assigned
- Elementary School:
- Eagle Point
- High School:
- Forest Hill
- Middle Or Junior School:
- Conniston Community
Listing History
- Active on the market since:
- October 8, 2026
- Listing Agreement executed on:
- October 8, 2026
- Listing Status Last Changed On:
- October 8, 2026 4:35 pm
- Photos updated on:
- October 8, 2026 4:35 pm
- Last Modified:
- October 8, 2026 8:43 pm
Additional Information
- Courtesy of:
- Gobin & Co., LLC.
- Attribution:
- Not provided
Location
- Floor Number:
- 1
- 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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