LAKEWOOD OF PALM SPRINGS
198 LAKE ARBOR Drive, Palm Springs FL 33461
2 beds · 2 baths · 1,232 ft²
$315,000
Est. Payment $1,677/mo
2
Bedrooms
2
Bathrooms
1,232
Sq. Ft.
1978
Year Built
2
Stories
0
Days on Market
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.
Facts
- MLS#
- B26085874
- Subdivision
- LAKEWOOD OF PALM SPRINGS
- Property Type
- Residential
- Property Sub Type
- Townhouse
- Year Built
- 1978
- Lot Size
- 1,307 ft²
- Sq. Ft.
- 1,232 ft²
- Sq. Mt.
- 114 m²
- Price per sq. ft.
- $256/ft²
- Price per sq. mt.
- $2,763/m²
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- —
- Listed
- Oct 8, 2026
- Last Updated
- Oct 8, 2026
- Price/Lot Sq.Ft.
- $241/ft²
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Market insights for Palm Springs
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
October 2026
35
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 10/8/2026 | Listed for sale | $315,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$2,089/mo
Principal & Interest
$1,677
Property Tax
$263
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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