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198 Lake Arbor Drive, Palm Springs, FL 33461

Palm Springs
Local realty services provided by:CENTURY 21 Move With Us
198 Lake Arbor Drive,Palm Springs, FL 33461
$319,999
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  • 2 Beds
  • 2 Baths
  • 1,232 sq. ft.
  • Townhouse
  • Active
Listed by: simo bouchikh
Office: gobin & co., llc.
MLS#:B26013829
Source:FL_RAMC

Price summary

  • Price:$319,999
  • Price per sq. ft.:$251.18

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:15 day(s) ago
  • Updated:September 16, 2026 at 03:47 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:3
  • Flooring:Vinyl, Wood
  • Bathrooms Description:Dual Sinks, Tub Shower
  • Kitchen Description:Dishwasher, Electric Range, Ice Maker, Microwave, Pantry, Range, 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
  • Year built:1978
  • Building area:1,232 sq. ft.
  • Construction Materials:Block, Brick, Concrete
  • Exterior Features:Balcony, Deck, Fence, Open, Storm/Security Shutters
  • Levels:2 Stories

Schools

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

Finances and disclosures

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

Features and amenities

  • Appliances:Dishwasher, Dryer, Electric Range, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Pantry, Smoke Detectors

Parking

  • Total parking spaces:2
  • Parking description:Assigned, Guest
MLS LogoThe data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor<REGISTERED_LOGO> Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than CENTURY 21 Move With Us are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

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