198 Lake Arbor Drive
Palm Springs, FL 33461
2
Bed
2
Bath
1,232Sqft
0.03Acre(Lot)
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.
Property Details
Map
Map
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 3Roofing Information
Composition, Other, ShingleFlooring Information
Hardwood, Vinyl, Wood -
Interior Features
DualSinks, MainLivingAreaEntryLevel, TubShower, UpperLevelPrimary, PantryRoof: Composition, Other, ShingleAppliances: Dryer, Dishwasher, ElectricRange, GasWaterHeater, IceMaker, Microwave, Refrigerator, Washer -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir, CeilingFans, Electric
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Building Information
Year Built: 1978Building Area Total: 1274Construction Materials: Brick, Block, StuccoStories: 1Patio And Porch Features: Balcony, Open, PatioPool Features: NonePrivate Pool: NoAssociation Fee Frequency: Monthly -
Exterior Features
Exterior Features: Balcony, Fence, Patio, StormSecurityShutters
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Lot Information
Lot Size Acres: 0.03 Lot Description: LessThanOneAcre,LessThanQuarterAcreProperty Information
Subdivision: LAKEWOOD OF PALM SPRINGS Source Property Type: Residential MLS Area Minor: Palm Beach 5660; 5690; 5720; 5750; 5780 Postal Code Plus 4: 2144 Zoning Description: RM (city) Property SubType: Townhouse Direction Faces: South Levels: One,Two Property Age: 48
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Listing Price Information
Listing Price: $319999Original Price: $325000Cash, Conventional, Exchange1031, Fha203k, FHA
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Tax Information
Parcel Number: 70434417540021980 Tax Year: 2025 Annual Tax: $2389 Tax Legal Desc: LAKEWOOD OF PALM SPRINGS TH PT OF TR B IN OR2732P1135 BEING UNIT 198 OF LAKEWOOD TOWNHOUSE PROJECT
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Virtual Tour
Parking Information
Parking Total: 2 Assigned, Guest, TwoOrMoreSpacesGarage Information
Pets Allowed: NoPetRestrictionsHomeowners Association Information
Has Association: YesIncluded Fees: CommonAreaMaintenance, Insurance, Parking, TrashHOA: $283.00Community Features: HomeOwnersAssociation, StreetLights, Sidewalks
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School Information
Elementary School: Meadow Park Junior High School: Conniston Senior High School: Forest Hill Community -
Utility Information
ElectricityAvailable, NaturalGasAvailable, WaterAvailable -
Location Information
WaterSource: Public Security Features: SmokeDetectors
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 303 Arabian Road, Palm Springs, FL, 33461 | $335,000 | 2 | 2 | 1,232 | 1,232 SqFt |
| 341 Lake Arbor Drive, Palm Springs, FL, 33461 | $325,000 | 2 | 2 | 1,232 | 1,232 SqFt |
| 99 Lake Arbor Drive, Palm Springs, FL, 33461 | $330,000 | 2 | 2 | 1,232 | 1,232 SqFt |
| 215 Lake Arbor Drive, Palm Springs, FL, 33461 | $339,900 | 2 | 2 | 1,232 | 1,232 SqFt |
| 169 Lake Arbor Drive, Palm Springs, FL, 33461 | $329,900 | 2 | 2 | 1,232 | 1,232 SqFt |
| 234 Lake Arbor Drive, Palm Springs, FL, 33461 | $306,900 | 2 | 2 | 1,232 | 1,232 SqFt |
| 251 Lake Arbor Drive, Palm Springs, FL, 33461 | $316,000 | 2 | 2 | 1,232 | 1,232 SqFt |
| 149 Lake Arbor Drive, Palm Springs, FL, 33461 | $297,000 | 2 | 2 | 1,232 | 1,232 SqFt |
| 255 Lake Arbor Drive, Palm Springs, FL, 33461 | $323,000 | 2 | 2 | 1,232 | 1,232 SqFt |
| 257 Lake Arbor Drive, Palm Springs, FL, 33461 | $280,000 | 2 | 2 | 1,232 | 1,232 SqFt |
Similar Townhouse To 198 Lake Arbor Drive
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ByOwner last updated this listing 07/23/2026 @ 19:38
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