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ActiveBeachesMLS
ActiveMLS® B26085874
$315,000

198 LAKE ARBOR Drive, Palm Springs, FL 33461

Beds
2
Baths
2
Sqft
1,232
Est. payment$2,275/mo
Home type
Townhouse
Year built
1978
Lot size
1,307 sqft
Price / sqft
$256
HOA
$283/mo
Community
LAKEWOOD OF PALM SPRINGS

Property description

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.

Listing activity

Days on market
16
Listed
Oct 8, 2026
MLS listing updated
Oct 8, 2026
Feed last checked
11 minutes ago

Listed by Mohamed Bouchikh · Gobin & Co., LLC.

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
2
Bathrooms
2
Bathrooms (decimal)
2
Full bathrooms
2
Half bathrooms
0
Main-level bedrooms
0
Main-level bathrooms
1

Rooms & features

Rooms
3
Interior features
Pantry, Storage
Flooring
Vinyl, Wood
Appliances
Gas Water Heater, Range, Dishwasher, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Washer, Water Heater
Laundry
Gas Dryer Hookup, In Bathroom, In Unit, Inside, Laundry Room, Main Level
Fireplace
No
Furnished
Unfurnished

Heating & cooling

Heating
Central
Cooling
Ceiling Fan(s), Central Air, Electric
Property

Parking

Garage
No
Carport
No
Parking spaces
2
Covered spaces
0
Parking features
Assigned, Guest
Attached garage
No

Exterior

Stories
2
Building area
1,274 sqft
Patio & porch
Patio - Open, Patio, Deck
Exterior features
Balcony
Fencing
Back Yard, Fenced, Gate
Pool
No
Waterfront
None
Waterfront property
No

Lot

Lot size
1,307 sqft
Lot size (acres)
0.03 acres
Zoning
RM (city)
Construction

Type & style

Home type
Townhouse
Structure type
Townhouse
Year built
1978
New construction
No

Materials

Construction
Brick, CBS, Stucco
Roof
Mansard, Shingle, Other
Property condition
Resale
Levels
Two
Faces
South
Utilities & green energy

Utilities

Sewer
Public Sewer
Water
Public
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Community & HOA

Community

Subdivision
LAKEWOOD OF PALM SPRINGS
MLS area
5660
MLS subarea
PB19
Security
Smoke Detector(s)
Pets allowed
Breed Restrictions, Number Limit, Yes
55+ community
No

Association

Has association
Yes
Association fee
$283 monthly
Estimated monthly dues
$283
Amenities
Parking, Playground, Sidewalks, Street Lights
Services included
Common Areas, Insurance, Maintenance Grounds, Trash
Association phone
561-250-6565
Lease details

Not reported by the listing source.

Location

Area details

City
Palm Springs
County
Palm Beach
ZIP code
33461
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
B26085874
Possession
Close Of Escrow
Original list price
$315,000
Parcel number
7043441754002198
Annual property tax
$2,389.48
Tax year
2025
Tax legal description
LAKEWOOD OF PALM SPRINGS TH PT OF TR B IN OR2732P1135 BEING UNIT 198 OF LAKEWOOD TOWNHOUSE PROJECT
Special listing conditions
Standard
Additional MLS details

Reported by the listing source

Association Amenities
Parking, Playground, Sidewalks, Street Lights
Association Fee Frequency
Monthly
Association Fee Includes
Common Areas, Insurance, Maintenance Grounds, Trash
Association
Yes
Bathrooms Total Decimal
2
Bathrooms Total Integer
2
Building Area Total
1274
Construction Materials
Brick, CBS, Stucco
County Or Parish
Palm Beach
Days On Market
16
Direction Faces
South
Elementary School
Meadow Park
High School
Forest Hill
Laundry Features
Gas Dryer Hookup, In Bathroom, In Unit, Inside, Laundry Room, Main Level
List Price
315000
Listing Contract Date
2026-10-08
Living Area
1232
Lot Size Acres
0.03
Lot Size Area
1124
MLSArea Major
5660
MLSArea Minor
PB19
Main Level Bathrooms
1
Main Level Bedrooms
0
Middle Or Junior School
Conniston Community
Mls Status
Active
On Market Date
2026-10-08
Parking Total
2
Patio And Porch Features
Patio - Open, Patio, Deck
Photos Count
43
Postal Code
33461
Property Sub Type
Townhouse
Property Type
Residential
Rooms Total
3
Security Features
Smoke Detector(s)
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-10-08T16:35:12Z
Stories Total
2
Subdivision Name
LAKEWOOD OF PALM SPRINGS
Water Source
Public
Waterfront Features
None
Tax Annual Amount
2389.48
Bathrooms Full
2
Pool Private
No
Bedrooms Total
2
Bathrooms Half
0
Financial Information: Estimated Monthly Assoc Recurring Fee
283

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Oct 8, 2026ListedBeachesMLS$315,000$256/sqft

Public tax history

YearProperty taxesAssessment
2025$2,389—

Payment calculator

Estimated monthly payment$2,275/moIllustrative estimate, not a loan offer.
Principal & interest
$1,634
Property taxes
$199
Insurance
$158
Association dues
$283

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

LAKEWOOD OF PALM SPRINGS

Palm Springs · Palm Beach County · 33461

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Meadow ParkElementary
—
Conniston CommunityMiddle
—
Forest HillHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

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BeachesMLS

BeachesMLS · Listing courtesy of Gobin & Co., LLC.. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.

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