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198 Lake Arbor Drive Palm Springs, FL $ 319,999
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$ 319,999 Get more info
198 Lake Arbor Drive
$ 319,999
Back to search
Share Save

198 Lake Arbor Drive

Palm Springs, FL, 33461
$ 319,999
Bedrooms2 Baths2.0 Sq 1,232

Monthly Estimate*

$ 1,970

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Townhouse for sale in Palm Springs, FL

for $319,999 with 2 bedrooms and 2 full baths. This 1,232 square foot townhouse was built in 1978 on a lot size of 0.03.

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.

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Townhouse Active

Price

$ 319,999

Bedrooms

2

Full Bath

2

Property Type

Townhouse

Taxes

$ 2,389

Style

Lot Size

0.03

Year Built

1978

Town/City

Palm Springs

County/Region

Palm Beach

MLS | Web ID

B26013829
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Ceiling Fan(s) Electric
Utilities Electricity Connected Natural Gas Connected Water Connected
Possession Close Of Escrow
Roof Mansard Other Shingle
Appliances Dryer Dishwasher Electric Range Gas Water Heater Ice Maker Microwave Range Refrigerator Vented Exhaust Fan Water Heater Washer
HOA Fee 283
Association Fee Includes Common Areas Insurance Maintenance Grounds Trash
Patio/Porch Features Deck Open Patio Balcony
Security Features Smoke Detector(s)
Construction Materials Brick Block Stucco
Pets Allowed Breed Restrictions Number Limit Yes
Year Built 1978
Stories Count 2
Levels Two
Property Subtype Townhouse
Tax Year 2025
Waterfront Features None
Community Features Home Owners Association Street Lights
Accessibility None
Assoc Fee Paid Per Monthly
County Palm Beach
New Construction false
Property Type Residential
Association Amenities Playground Parking Sidewalks
Subdivision Name LAKEWOOD OF PALM SPRINGS
Facing Direction South
Garage Y/N false
Full Baths 2
Status Active
High School Forest Hill
City Palm Springs
Senior Community Y/N false
MLS Area 5660
Carport Y/N false
Elementary School Meadow Park
Tax Annual Amount 2389.48
Middle/Junior High School Conniston Community
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/198-Lake-Arbor-Drive-Palm-Springs-FL-33461--B26013829/unbranded
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Townhouse
Legal Description LAKEWOOD OF PALM SPRINGS TH PT OF TR B IN OR2732P1135 BEING UNIT 198 OF LAKEWOOD TOWNHOUSE PROJECT
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Interior
Interior Amenities Dual Sinks Pantry Storage Tub Shower Upper Level Primary
Flooring Vinyl Wood
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Gas Dryer Hookup Inside In Bathroom Main Level Laundry Room In Unit
Total Bedrooms 2
Entry Level 2
Main Level Bedrooms 0
Main Level Bathrooms 1
Total Baths 2
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Exterior
Exterior Amenities Balcony Outdoor Living Area
Fencing Back Yard Fenced Gate
Parking Features Assigned Guest
Lot Features < 1/4 Acre
Water Source Public
Total Parking 2
Lot Size Area 1124
Building Area Total 1274
Lot Size Acres 0.03
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Simo Bouchikh

Listing Agent

Affordability Calculator

$2,169
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,970
Monthly Property Taxes
$199
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
4820234 Middle School
Forest Hill High School High School
See complete school information
Pricing History
Date Price Price Change Description
5/19/2026 $319,999 -1.54% Price Down
4/10/2026 $325,000 Listed Price

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198 Lake Arbor Drive, Palm Springs, FL, 33461 is a Townhouse for sale at $319,999 with 1,232 sqft and a lot size of 0.03. 198 Lake Arbor Drive has 2 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 33461 which is in Palm Springs, FL

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