198 Lake Arbor Drive

Palm Springs, FL 33461

$319,999

$260/ft²

2Beds

2Baths

1,232Sq ft

1978Year built

TownhouseType

About this home

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.

Property details

Listing

MLS #: B26013829
Status: For sale
Listed on: Apr 10, 2026
Days on market: 122 days
Listing data updated: May 31, 2026

Interior

Beds: 2
Baths: 2
Living area: 1,232 ft²
Price per ft²: $260/ft²

Building & community

Type: Townhouse
Year built: 1978
HOA fee: $283/mo
County: Palm Beach

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $1,618
Property taxes (est.): $293
Home insurance (est.): $317
Flood insurance (est.): —
HOA fee: $283

Estimated total$2,511*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?