198 LAKE ARBOR Drive, Palm Springs FL 33461

Townhouse For Sale

$315,000

BTC: 3.79518072

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6 days

For Sale

Townhouse

2 bds •

2 ba •

1,232 sqft

Overview

Tenant-occupied with a lease through March 2027! Turnkey 2-bed, 2-bath townhome offering immediate rental income and a strong investment opportunity. Major capital improvements have already been completed, including a new roof, AC system, electric panel, flooring, fresh interior paint, and renovated bathrooms. The upgraded kitchen features white shaker cabinetry, butcher block countertops, and stainless steel appliances. Additional highlights include low HOA fees, accordion hurricane shutters, a fenced front patio, and two assigned parking spaces. Ideal for investors seeking a stabilized, income-producing property with strong rental appeal and minimal deferred maintenance.

Location

Florida • Palm Springs • 33461 • Townhouse • For Sale

Details

Type:

Residential

Parking:

2 Or More Spaces / Assigned / Guest / No Boats / No Rv/Boats

Year Built:

1978

Lot:

0.03 Acres

Heating:

Central

Price/sqft:

$256

Cooling:

Ceiling Fan(s) / Central Air / Electric

HOA:

$283

Type:

Residential

Parking:

2 Or More Spaces / Assigned / Guest / No Boats / No Rv/Boats

Year Built:

1978

Lot:

0.03 Acres

Heating:

Central

Price/sqft:

$256

Cooling:

Ceiling Fan(s) / Central Air / Electric

HOA:

$283

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$279,900

$224K – $315K

Confidence Low

List vs. estimate

$35K above estimate

List $315,000 · +12.5%

Our model says this listing is priced above recent comparable activity. Room to negotiate.

Price per sq ft

$255

+5.4% vs. city median $242

Based on

65 MLS comparables

+ 30 public-records sales within 0.5 mi

Median actual sale: $169K

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$2,389

2025

HOA

$283/mo

Parking

2 spaces

Pets

Allowed

All facts and features

Flooring

• Vinyl

• Wood

Heating

• Central

Cooling

• Ceiling Fan(s)

• Central Air

• Electric

Appliances

• Gas Water Heater

• Natural Gas Water Heater

• Dishwasher

• Dryer

• Ice Maker

• Microwave

• Electric Range

• Refrigerator

• Washer

Other interior features

• Pantry

• Storage

Bedrooms and bathrooms

• Bedrooms: 2

• Full bathrooms: 2
Parking

• 2 Or More Spaces

• Assigned

• Guest

• No Boats

• No Rv/Boats

Property

• Levels: 2

• Exterior Features: Open Balcony

Lot

• Lot: 0.03 Acres

Other Property Information

• Parcel Number: 7043441754002198

• Zoning: RM (city)
Type and style

• Property Type: Residential

• Property Sub Type: Townhouse
Utility

• Electricity Available

• Natural Gas Available

• Water Available
Other financial information

• HOA: $283

• HOA Frequency: Monthly

• Annual tax amount: $2,389
Source details

• MLS ID: B26085874

Other facts

• Construction Materials: Brick / CBS Construction / Stucco

• Lot Features: Less Than 1/4 Acre Lot / Less Than 1 Acre / Fenced

• Patio And Porch Features: Open Balcony / Patio

• Window Features: Complete Accordian Shutters

• Direction Faces: South

• Other Structures: Livable

• Architectural Style: Two Story

• Living Area: 1232

• Water Source: Public

• Subdivision Name: LAKEWOOD OF PALM SPRINGS

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Live counts in the same area.

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Gobin & Co., LLC.

198 LAKE ARBOR Drive, Palm Springs FL 33461

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

Other

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