About 198 Lake Arbor Drive
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.
Condo/co-op/villa/townhouse property for sale in Palm Springs, FL at 198 Lake Arbor Drive. This 2 bedroom Condo/co-op/villa/townhouse property is priced at $260/sqft
Features of 198 Lake Arbor Drive
| MLS® # | B26013829 |
|---|---|
| Price | $319,999 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,232 |
| Acres | 0.03 |
| Year Built | 1978 |
| Type | Condo/co-op/villa/townhouse |
| Sub-Type | Townhomes/Villas |
| Status | Active |
Community Information: Palm Springs
| Address | 198 Lake Arbor Drive |
|---|---|
| Area | 5660 |
| Subdivision | LAKEWOOD OF PALM SPRINGS |
| City | Palm Springs |
| County | Palm Beach |
| State | FL |
| Zip Code | 33461 |
Amenities of 198 Lake Arbor Drive
| Amenities | Playground, Parking, Sidewalks, Street Lights |
|---|---|
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
| Parking Spaces | 2 |
| Parking | Assigned, Guest |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior of 198 Lake Arbor Drive
| Interior Features | Pantry, Storage |
|---|---|
| Appliances | Gas Water Heater, Dryer, Dishwasher, Electric Range, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater, Washer, Range |
| Heating | Central |
| Cooling | Central Air, Ceiling Fan(s), Electric |
| Fireplace | No |
| # of Stories | 1 |
| Stories | Two |
Exterior of 198 Lake Arbor Drive
| Exterior Features | Balcony |
|---|---|
| Roof | Mansard, Other, Shingle |
| Construction | Brick, Stucco, CBS |
School Information
| Elementary | Meadow Park |
|---|---|
| Middle | Conniston Community |
| High | Forest Hill |
Additional Information On 198 Lake Arbor Drive
| Listing Courtesy of | Gobin & Co., LLC. |
|---|---|
| Date Listed | April 10th, 2026 |
| Zoning | RM (city) |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 283 |
Listing Details
| Office | Gobin & Co., LLC. |
|---|