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198 Lake Arbor Drive, 
Palm Springs, FL 33461

$315,000

2

Beds

2

Baths

1,232

Sq Ft

Townhouse

Virtual Tour

Active

Listed by

Mohamed Bouchikh

Gobin & Co., LLC.

Last updated:

October 29, 2026, 04:09 PM

MLS#

B26085874

Source:

FL RAMC

About This Home

198 Lake Arbor Drive

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.

Home Facts

Townhouse

2 Baths

2 Bedrooms

Built in 1978

Subdivision & Development:

LAKEWOOD OF PALM SPRINGS

Price Summary

315,000

$255 per Sq. Ft.

MLS #:

B26085874

Last Updated:

October 29, 2026, 04:09 PM

Added:

22 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,232 Sq. Ft.

Structure

Structure

Building Area:

1,274 Sq. Ft.

Year Built:

1978

Finances & Disclosures

Finances

Price:

$315,000

Price per Sq. Ft:

$255 per Sq. Ft.

MLS Logo
The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Coldwell Banker Realty are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.