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Florida

271 Cypress Point Drive

Palm Beach Gardens, FL 33418

MLS#: B26068273

$200,000

Status: Active
Listing number: B26068273
Listing provided by: Zarden Realty
Listing agent phone: None
Last update: 3 days ago
On site: 5 days ago
Browse Properties
CYPRESS POINT CONDO - Residential

Property

Beds

1

Full Baths

1

1/2 Baths

None

Year Built

1982

Sq.Footage

502

Fully updated and renovated 1 bedroom, 1 bath condo in Cypress Point at PGA National. The unit is currently leased on an annual basis at $2,000 per month, providing immediate rental income, with the tenant responsible for electricity and Wi-Fi. The property also features a brand new A/C system installed in 2026. Offered at an attractive 7.76% cap rate, this is a turnkey opportunity for investors seeking strong in place income. This property is also being offered alongside two additional fully renovated units MLS B26068272 and a third listing coming soon creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.5%. Units may be purchased individually or as a portfolio.

Features & Amenities

Interior

  • Other Interior Features

    Breakfast Bar

  • Total Bedrooms

    1

  • Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Main Level Bedrooms

    1

  • Pet friendly

    Number Limit, Size Limit, Yes

Exterior

  • Garage

    No

  • Construction Materials

    Block, Stucco

  • Other Exterior Features

    Balcony

  • Parking

    Assigned, Guest

  • Patio and Porch Features

    Covered

  • Pool

    Yes

  • Pool Features

    Association

  • Waterfront YN

    YES

  • View

    Pond, Water

Area & Lot

  • Lot Features

    Waterfront

  • Property Type

    Residential

  • Property Sub Type

    Condominium

  • Architectural Style

    Florida

Price

  • Sales Price

    $200,000

  • Tax Amount

    $2,930

  • Sq. Footage

    502

  • Price/SqFt

    $398

HOA

  • Association

    YES

  • Association Fee 2

    $1,036

  • Association Fee

    $969.63

  • Association Fee Frequency

    Quarterly

  • Association Fee 2 Frequency

    Annually

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Timber Trace

  • Middle School

    Watson B. Duncan

  • High School

    Palm Beach Gardens

Property Features

  • Stories

    2

  • Association Amenities

    Pool, Basketball Court, Car Wash Area, Golf Course, Gated, Laundry, Maintenance, Playground, Park, Parking, Tennis Court(s), Trail(s)

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Palm Beach

Elementary School

Timber Trace

Middle School

Watson B. Duncan

High School

Palm Beach Gardens

Listing Courtesy of Olivia Prosser , Zarden Realty

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Fully updated and renovated 1 bedroom, 1 bath condo in Cypress Point at PGA National. The unit is currently leased on an annual basis at $2,000 per month, providing immediate rental income, with the tenant responsible for electricity and Wi-Fi. The property also features a brand new A/C system installed in 2026. Offered at an attractive 7.76% cap rate, this is a turnkey opportunity for investors seeking strong in place income. This property is also being offered alongside two additional fully renovated units MLS B26068272 and a third listing coming soon creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.5%. Units may be purchased individually or as a portfolio.

271 Cypress Point Drive

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