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2 Beds
2 Baths
1,232 sqft

$319,999

198 Lake Arbor Drive, Palm Springs FL, 33461

Price per sqft$259.74
Built in1978
Property size1,232 sqft
Property typeTownhomes

Overview

Active

Listed Apr 10, 2026

Updated 7 days ago

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.

$2,129/mo

Est. mortgage payment based on a $319,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
B26013829

Interior Features

Bedrooms
2
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.03 Acres

Other Property Details

Taxes
$2,389
Tax Frequency
Annually
Association Fee Frequency
Monthly
Pets Allowed
Yes
MLS provider logo

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  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. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2026 Miami Association of REALTORS® all rights reserved. 

Data last updated 2:39 AM UTC, 9/30/2026.

Listed by:  Gobin & Co., LLC., 678-463-2079

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