198 Lake Arbor Drive, Palm Springs, FL 33461

Palm Springs
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
198 Lake Arbor Drive,Palm Springs, FL 33461
$319,999
Virtual Tour
  • 2 Beds
  • 2 Baths
  • 1,232 sq. ft.
  • Townhouse
  • Active
Listed by: simo bouchikh
Office: gobin & co., llc.
MLS#:B26013829
Source:RMLS

Price summary

  • Price:$319,999
  • Price per sq. ft.:$251.18
  • Monthly HOA dues:$283

About this home

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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Home facts

  • Year built:1978
  • Subdivision & Development:LAKEWOOD OF PALM SPRINGS
  • Listing ID #:B26013829
  • Added:150 day(s) ago
  • Updated:September 08, 2026 at 02:58 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Vinyl, Wood
  • Kitchen Description:Dishwasher, Microwave, Refrigerator
  • Living area:1,232 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air, Electric
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Mansard, Other, Shingle
  • Year built:1978
  • Building area:1,232 sq. ft.
  • Construction Materials:Block, Brick, Stucco
  • Exterior Features:Deck, Open, Patio

Schools

  • High school:Forest Hill
  • Middle school:Conniston Community
  • Elementary school:Meadow Park

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$319,999
  • Price per sq. ft.:$251.18
  • Tax amount:$2,389 (2025)

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:2
  • Parking description:Assigned, Guest
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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