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198 LAKE ARBOR Drive
Palm Springs, FL 33461
4 days ago
NEW
·
Active
$315,000
$247 / Sqft
2
Beds
2
Baths
1,274
Sqft 0.03
Acres
1978
Yr. Built
MLS# B26085874
Cumulative Days on Market: 5
· Includes prior listings
· Currently listed since 10/08/26
· Data provided by the MLS.
Property Description
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.
Property Highlights
Property Type
Residential
Property Sub Type
Townhouse
Bedrooms
2
Total Bathrooms
2
Living Area
1,232
Price / Sqft
$256
Acres
0.03
Year Built
1978
Condition
Resale
Location
Area
5660
City/Township
Palm Springs
Direction Faces
South
Subdivision
LAKEWOOD OF PALM SPRINGS
County
Palm Beach
Zoning
RM (city)
Location
Complex Name
LAKEWOOD OF PALM SPRINGS
Lake/Waterfront Information
Waterfront Features
None
Property Details
Price
$315,000
Condition
Resale
Property Type
Residential
Property Sub Type
Townhouse
Building
Structure Type
Townhouse
Levels
Two
Stories
2
Total Area
1,274
Community
Community Features
Home Owners Association, Street Lights
Local Schools
Elementary School
Meadow Park
Middle School
Conniston Community
High School
Forest Hill
Interior Features
Bedrooms and Bathrooms
Total Bathrooms
2
Bathrooms on Main Level
1
Full Bathrooms
2
Bedrooms
2
Rooms and Basement
Total Rooms
3
Area and Spaces
Living Area
1,232
Appliances
Appliances
Dryer, Dishwasher, Electric Range, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Vented Exhaust Fan, Water Heater, Washer
Interior Features
Interior Features
Dual Sinks, Pantry, Storage, Tub Shower, Upper Level Primary
Flooring
Vinyl, Wood
Laundry Features
Gas Dryer Hookup, Inside, In Bathroom, Main Level, Laundry Room, In Unit
Accessibility Features
None
Security Features
Smoke Detectors
Entry Level
1
Entry Location
Entry Level Living Area Y
Heating and Cooling
Heating Features
Central
Building Details
Construction
Year Built
1978
Materials
Construction Materials
Brick, CBSConcrete Block Structure, Block, Stucco
Roof
Mansard, Other, Shingle
Terms
Terms
Special Conditions
Standard
Special Terms
Cash, Conventional, Exchange1031, FHA
Taxes
Tax
Tax (Annual)
$2,389.48
HOA
Has HOA
Yes
Association Fee
$283 /mo
Association Ammenities
Playground, Parking, Sidewalks
Association Fee Includes
Common Areas, Insurance, Maintenance Grounds, Trash
Heating, Cooling & Utilities
Cooling Features
Central Air, Ceiling Fans, Electric
Utilities
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Sewer
Public Sewer
Water Source
Public
Lot
Acres
0.03
Lot Size
1,124
Lot Features
Less Than Quarter Acre
Exterior Features
Exterior Features
Balcony, Outdoor Living Area
Patio And Porch Features
Deck, Open, Patio, Balcony
Fencing
Back Yard, Fenced, Gate
Parking
Total Parking Spaces
2
Parking Features
Assigned, Guest
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Property History
Yesterday
Property information last updated
5 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 5 days (includes prior listings)
· Currently listed since October 8, 2026.
Data provided by the MLS.
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Listed by Gobin & Co., LLC., Mohamed Bouchikh