HOMES BY DARCI
Southern Key Realty
198 Lake Arbor Drive Palm Springs FL 33461
Price Reduction
Address
198 Lake Arbor Drive, Palm Springs, FL
Price
$ 319,999
Property Attributes
- MLS#B26013829
- TypeTownhouse
- Listing Status Active
- CountyPalm Beach
- CityPalm Springs
- Area5660
- NeighborhoodLAKEWOOD OF PALM SPRINGS
- Zip33461
- Style
- Year Built1978
- Taxes$ 2389
- Price$ 319,999
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1232
- Lot Size0.03 Acres
Data Source:
Beaches MLS (FL)
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Meadow Park Elementary School | Conniston Community Middle School | Forest Hill High School |
| Price History | |
|---|---|
| 4/10/2026 | Listed $325,000 |
| 5/19/2026 | 2$319,999 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air,Ceiling Fan(s),Electric |
| Utilities | Electricity Connected,Natural Gas Connected,Water Connected |
| Possession | Close Of Escrow |
| Roof | Mansard,Other,Shingle |
| Appliances | Dryer,Dishwasher,Electric Range,Gas Water Heater,Ice Maker,Microwave,Range,Refrigerator,Vented Exhaust Fan,Water Heater,Washer |
| HOA Fee | 283 |
| Association Fee Includes | Common Areas,Insurance,Maintenance Grounds,Trash |
| Patio/Porch Features | Deck,Open,Patio,Balcony |
| Security Features | Smoke Detector(s) |
| Construction Materials | Brick,Block,Stucco |
| Pets Allowed | Breed Restrictions,Number Limit,Yes |
| Year Built | 1978 |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Townhouse |
| Tax Year | 2025 |
| Waterfront Features | None |
| Community Features | Home Owners Association,Street Lights |
| Accessibility | None |
| Assoc Fee Paid Per | Monthly |
| County | Palm Beach |
| New Construction | false |
| Property Type | Residential |
| Association Amenities | Playground,Parking,Sidewalks |
| Subdivision Name | LAKEWOOD OF PALM SPRINGS |
| Facing Direction | South |
| Garage Y/N | false |
| Full Baths | 2 |
| Status | Active |
| High School | Forest Hill |
| City | Palm Springs |
| Senior Community Y/N | false |
| MLS Area | 5660 |
| Carport Y/N | false |
| Elementary School | Meadow Park |
| Tax Annual Amount | 2389.48 |
| Middle/Junior High School | Conniston Community |
| Property Condition | Resale |
| Virtual Tour | https://www.propertypanorama.com/198-Lake-Arbor-Drive-Palm-Springs-FL-33461--B26013829/unbranded |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Property Sub Type Additional | Townhouse |
| PostalCity | Palm Springs |
| Legal Description | LAKEWOOD OF PALM SPRINGS TH PT OF TR B IN OR2732P1135 BEING UNIT 198 OF LAKEWOOD TOWNHOUSE PROJECT |
Interior Features
| Interior Amenities | Dual Sinks,Pantry,Storage,Tub Shower,Upper Level Primary |
|---|---|
| Flooring | Vinyl,Wood |
| Furnished Y/N | Unfurnished |
| Total Stories | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | Gas Dryer Hookup,Inside,In Bathroom,Main Level,Laundry Room,In Unit |
| Total Bedrooms | 2 |
| Entry Level | 2 |
| Main Level Bathrooms | 1 |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Balcony,Outdoor Living Area |
|---|---|
| Fencing | Back Yard,Fenced,Gate |
| Parking Features | Assigned,Guest |
| Lot Features | < 1/4 Acre |
| Water Source | Public |
| Total Parking | 2 |
| Lot Size Area | 1124 |
| Building Area Total | 1274 |
| Lot Size Acres | 0.03 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Pets
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Townhouse Average in 33461
Price
Taxes
Year Built
In The Neighborhood
Palm Springs
$ 335,000
303 Arabian Road
Palm Springs, FL 33461
- Type
- Townhouse
- Size
- 1,232 SqFt
- Rooms
- 2 Beds + 2 Baths
Palm Springs
$ 297,000
149 Lake Arbor Drive
Palm Springs, FL 33461
- Type
- Townhouse
- Size
- 1,232 SqFt
- Rooms
- 2 Beds + 2 Baths
Reduced
Palm Springs
$ 275,000
273 Arabian Road 273
Palm Springs, FL 33461
- Type
- Townhouse
- Size
- 1,232 SqFt
- Rooms
- 2 Beds + 2 Baths
Waterfront
Palm Springs
$ 300,000
393 Lake Arbor Drive
Palm Springs, FL 33461
- Type
- Townhouse
- Size
- 1,232 SqFt
- Rooms
- 2 Beds + 2 Baths
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