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Bean Group
Offered at $319,999Active
beds
2
baths
2
sq ft
1,232
Built
1978

198 Lake Arbor Drive

Palm Springs, FL 33461

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.

Listing last checked: Listing updated:

Listed by Mohamed Bouchikh · Gobin & Co., LLC. · MLS #B26013829

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Details at a glance

Interior3 property facts
Heating
Central
Cooling
Central Air, Ceiling Fan(s), Electric
Flooring
Vinyl, Wood
Building4 property facts
Style
Townhouse
Year built
1978
Parking
2
Roof
Mansard, Other, Shingle
Land & utilities4 property facts
Lot size
0.03 acres
Water
Public
Sewer
Public Sewer
Zoning
RM (city)
Financial3 property facts
Annual taxes
$2,389
Assessment year
2025
HOA fee
$283 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $319,999 asking price. Adjust the assumptions to your situation.

Known monthly costs$1,817 / monthAdjust
Principal & interest
$1,618
Property tax
$199
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $2,389. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $283. The billing period was not supplied; confirm the monthly amount before adding it.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Lsd

    $2,300 · Sold $2,250 · Feb 22, 2026

  2. Sld

    $284,900 · Sold $255,000 · Dec 5, 2024

  3. Sld

    $169,900 · Sold $165,000 · Oct 25, 2018

More property insights

Comparable properties 3 supplied

Sold Jul 27, 2026

$300,000

85 Lake Arbor Drive

Sold Jul 3, 2026

$305,000

3885 Louis Drive #1203

Sold Jul 14, 2026

$306,000

3807 Collinwood Lane

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About 198 Lake Arbor Drive

Can I request a private showing?

Request a tour of 198 Lake Arbor Drive and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.