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.
Listing Provided Courtesy of Gobin & Co., LLC. at 678-463-2079
Property Details
Price:
$319,999
MLS #:
B26013829
Status:
Active
Beds:
2
Baths:
2
Type:
Townhouse
Subdivision:
LAKEWOOD OF PALM SPRINGS
Neighborhood:
5660
Listed Date:
Apr 10, 2026
Finished Sq Ft:
1,232
Total Sq Ft:
1,274
Lot Size:
48,961,440 sqft / 0.03 acres (approx)
Year Built:
1978
See this Listing
Schools
Elementary School:
Meadow Park
Middle School:
Conniston Community
High School:
Forest Hill
Interior
Appliances
Gas Water Heater, Range, Dishwasher, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer, Water Heater
Bathrooms
2 Full Bathrooms
Cooling
Ceiling Fan(s), Central Air, Electric
Flooring
Vinyl, Wood
Heating
Central
Interior Features
Pantry, Storage
Laundry Features
Gas Dryer Hookup, In Bathroom, In Unit, Inside, Laundry Room, Main Level
Levels
Two
Main Level Bathrooms
1
Exterior
Association Amenities
Parking, Playground, Sidewalks, Street Lights
Construction Materials
Brick, CBS, Stucco
Direction Faces
South
Exterior Features
Balcony
Fencing
Back Yard, Fenced, Gate
Open Parking Spaces
2
Parking Features
Assigned, Guest
Parking Spots
2
Parking Total
2
Patio And Porch Features
Patio – Open, Patio, Deck
Roof
Mansard, Shingle, Other
Security Features
Smoke Detector(s)
Stories
2
Waterfront Features
None
Financial
HOA Fee
$283
HOA Fee Frequency
Monthly
HOA Includes
Common Areas, Insurance, Maintenance Grounds, Trash
HOA Phone
561-250-6565
Tax Year
2025
Taxes
$2,389
Map
Community
- Address198 Lake Arbor Drive Palm Springs FL
- SubdivisionLAKEWOOD OF PALM SPRINGS
- CityPalm Springs
- CountyPalm Beach
- Zip Code33461
Subdivisions in Palm Springs
- Acreage & Unrec
- ALBERT LAKES GARDEN
- ANNA JOHNS ESTATES IN
- BELLE VUE PARK ADD
- BOUNDBROOK CONDO S
- CONGRESS PARK
- DALE ROAD ESTATES
- ESTANCIA AT PALM SPRINGS
- Fairview Villas
- FAIRVIEW VILLAS CONDO
- FONTANA TOWNHOMES
- KIRKVIEW
- LAGUNA PARK 2
- LAKE ECHO
- Lakeside Village
- LAKESIDE VILLAGE COND NO 7
- LAKESIDE VILLAGE CONDO
- LAKESIDE VILLAGE CONDO 10
- LAKESIDE VILLAGE CONDO 2
- LAKESIDE VILLAGE CONDO 5
- LAKESIDE VILLAGE CONDO 7
- LAKESIDE VILLAGE CONDO 8
- LAKESIDE VILLAGE CONDO 9
- LAKESIDE VLLAGE CONDO 10
- LAKEWOOD
- LAKEWOOD 1ST ADDITION OF PALM SPRINGS
- LAKEWOOD FIRST
- LAKEWOOD GARDENS
- LAKEWOOD GARDENS PL 1 IN
- LAKEWOOD OF PALM SPRINGS
- Lakewood Villas
- MANGO COVE
- MC S ACRES
- MEADOW PARK
- MEADOW PARK 3
- MODEL LAND CO
- Palm Spgs Village 01
- Palm Spgs Village 08 Rep
- Palm Springs
- PALM SPRINGS VILLAGE 1
- PALM SPRINGS VILLAGE 2
- PALM SPRINGS VILLAGE 4
- PALM SPRINGS VILLAGE 5
- PALM SPRINGS VILLAGE 8
- PALM SPRINGS VILLAGE PL 1 IN PB 25 PGS 46 & 47
- PINE AIR 6
- PRESTON SQUARE
- Regal Palms
- REGAL PALMS EATON CONDO
- REGAL PALMS MAYFAIR CONDO
- REGAL PALMS OXFORD CONDO
- REGAL PALMS TRAFALGAR COND
- ROSEMONT CONDO
- SERUBI COURT RESUB OF TR
- SPRINGDALE HOMES
- ST CHARLES LANDINGS
- SUB 19-44-43
- SUNNY ACRES SUBURBAN HOMESITES 2
- TREE LAKE
- Village Green
- Village Green 2
- VILLAGE GREEN 4 CONDO
- VILLAGE GREEN AVON CONDO
- VILLAGE GREEN BUCKINGHAM CONDO
- VILLAGE GREEN COVENTRY CONDO
- VILLAGE GREEN DORCHESTER CONDO
- VILLAGE GREEN HAMPTON CONDO
- VILLAGE GREEN NO 4 COND
- VILLAGE GREEN SUSSEX COND DECL FILED 2-6-80
- VILLAGE GREEN SUSSEX CONDO
- VILLAGE GREEN WINDSOR CONDO
- VILLAGE OF PALM SPRINGS
- VILLAGE OF PALM SPRINGS PLAT 2LT 7 BLK 14
- VILLAS OF PALM ACRES CONDO
- WATERVIEW ESTATES
- WOODLANDS OF PALM SPRINGS
Market Summary
Current real estate data for Townhouse in Palm Springs as of Aug 29, 2026
27
Townhouse Listed
77
Avg DOM
238
Avg $ / SqFt
$306,229
Avg List Price
Property Summary
- Located in the LAKEWOOD OF PALM SPRINGS subdivision, 198 Lake Arbor Drive Palm Springs FL is a Townhouse for sale in Palm Springs, FL, 33461. It is listed for $319,999 and features 2 beds, 2 baths, and has approximately 1,232 square feet of living space, and was originally constructed in 1978. The current price per square foot is $260. The average price per square foot for Townhouse listings in Palm Springs is $238. The average listing price for Townhouse in Palm Springs is $306,229. To schedule a showing of MLS#b26013829 at 198 Lake Arbor Drive in Palm Springs, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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