2-Bed Townhouse at LAKEWOOD OF PALM SPRINGS in Palm Springs

$319,999

Brickellsold Estimate* (fallback: list price)$319,999 (list price)

Listing courtesy of Gobin & Co., LLC.; Simo Bouchikh. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.

For Sale
bedrooms

2

bathrooms

2

Square Footage

1232

Type of Property

Townhouse, Residential

Details

Overview

Sub Type
Townhouse
Price Per Sqft
$260/sqft
Built In
1978
Association Fee
$283/mo HOA
Taxes
$2,389/yr

Description

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.

This townhouse home located at 198 Lake Arbor Drive, Palm Springs FL 33461 is currently for sale and has been available on Brickellsold for 153 days. This property is listed at $320K. It has 2 beds, 2 bathrooms, and is 1232 square feet. It was built in 1978. 198 Lake Arbor Drive, Palm Springs FL 33461 is in Palm Springs county Palm Beach County.

Interior

Bedrooms
2
Bathrooms
2
Bathrooms Full
2
Features
  • Flooring: Vinyl, Wood
  • Common walls with other units/homes: Two Story
Heating
Central
Cooling
Ceiling Fan(s), Central Air, Electric
Appliances
Gas Water Heater, Natural Gas Water Heater, Dishwasher, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
Total structure area
1,274
Total interior livable area
1,232 sqft

Property

Parking
  • Parking Features: 2 Or More Spaces,Assigned,Guest,No Boats,No Rv/Boats
Parcel Number
70434417540021980
Features
  • Entry location: Pantry, Storage
  • Exterior Features: Open Balcony
  • View Description:

Construction

Property subtype
Townhouse, Residential
Materials
Brick, CBS Construction, Stucco
Condition
  • Year Built: 1978

Community & HOA

Community
  • Security Features: Smoke Alarm, Smoke Detector(s), Smoke Detector
  • Subdivision: LAKEWOOD OF PALM SPRINGS
HOA
  • Has HOA: Yes
  • Amenities:
  • HOA Fees: $283/mo
Region
Palm Springs

Financial

Price Per Sqft
$260/sqft
Taxes
$2,389/yr
Association Fee
$283/mo
On Market Date
4/9/2026
Listing Terms
All Cash, Conventional, Exchange, FHA, FHA 203K

Metadata

Added
4/10/2026
Updated
9/10/2026
MLS#
B26013829
Days on Market
153
Listed By
Gobin & Co., LLC.
Originating MLS
BeachesMLS

Map

Price History

EventPriceDate
Original list price$325,000Apr 10, 2026
Current list price$319,999May 19, 2026

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