Condo in 271 Cypress Point Drive, Palm Beach Gardens, FL 33418 for sale with MLS# B26068273
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, Palm Beach Gardens, FL 33418
Price
- Price:
- $200,000.00
- Original List Price:
- $200,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $398.4
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- August 25, 2026 5:05 pm
Rooms Distribution
- Bedrooms:
- 1
- Bathrooms Total:
- 1
- Full Bath:
- 1
- Room Type:
- Laundry, Kitchen, Living Room, Master Bedroom
- Dining Area:
- Snack Bar/counter
Measures
- Living Area:
- 502 Sqft
- Built-Up Area:
- 502 Sqft
- Building Area Source:
- Public Records
- Living Area Source:
- Public Records
Property Features
- View from the Property:
- Water, Pond
- Waterfront:
- Yes
- Waterfront Features:
- Pond
- Security:
- Security Gate, Security Guard, Gated With Guard, Security Patrol
- Furnished:
- Unfurnished
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Cooktop, Freezer, Ice Maker, Oven, Electric Cooktop
- Interior:
- Custom Mirrors
- Exterior:
- Balcony
- Other Structures:
- Gazebo
- Laundry:
- Laundry Closet
- Air Conditioning
- Air Conditioning System:
- Central Individual
- Heating
- Heating System:
- Central Individual
- Property Entrance Faces:
- Southeast
- Unit Description:
- Exterior Catwalk
- Balcony Details:
- Balcony - Covered, Balcony - Open
Construction
- Year Built:
- 1982
- Roof:
- Concrete, Tile
- Architectural Style:
- Key West
- Levels:
- Two
- Construction Materials:
- Stucco, CBS
- Flooring:
- Laminate
- Number of stories:
- 2
- Structure Type:
- Multi Family
- Stories:
- 1
- Flood Zone Code:
- X
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $2,930.00
- Tax Year:
- 2025
- Tax Assessed Value:
- $127,734.00
- Association Fee:
- $969.63
- Association Fee Frequency:
- Quarterly
- Association Fee 2nd HOA:
- $1,036.00
- Association Fee 2nd HOA Frequency:
- Annually
- Property Tax Details:
- City/County
Parking
- Parking Total Spaces:
- 1
- Covered Spaces:
- 0
- Parking Features:
- Assigned, Guest
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available, Electricity Available, Phone Available
- Water Source:
- Public
Community
- Association
- Master Association
- Membership Details:
- Social Membership Available, Other Membership Available, Tennis Membership Available
- Association Membership:
- Mandatory
- Application Required
- Application Fee:
- $150.00
- Application Information:
- Personal Interview Required, Association Approval Required
- Association Type:
- Homeowner Association
- Pets Allowed?:
- Size Limit (There are size restrictions on allowed pets), Yes, There is a limit on the number of pets allowed, Pet Restrictions Possible
- Lease Number Times per Year Allowed:
- 12
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Laundry, Playground, Tennis Court(s), Trail(s), Basketball Court, Golf Course, Gated, Park, Sidewalks, Parking, Car Wash area, Jogging Path, Baseball/softball Field, Maintained Community
- Building Name:
- 5
- Subdivision Name:
- CYPRESS POINT CONDO
- Association Fee Includes:
- Maintenance Grounds, Sewer, Water, Common Areas
- Association Name:
- CYPRESS POINT CONDO
- Association Name 2:
- PGA NATIONAL
- Senior Community:
- No
- Development Name:
- PGA NATIONAL
- Association Phone:
- 561-679-4800
- Restrictions:
- Other Restrictions, Buyer Approval Required, Parking - No Boat, Parking - No Rv, Lease Restrictions, Parking - No Trailer
- Minimum Days per Lease:
- 30
- Other Leasing Restrictions:
- Tenant Approval
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease With Restrictions, Short Term Rentals Allowed
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Other, Subject To Tenant Rights
Zoning and Legal
- Tax Legal Description:
- CYPRESS POINT UNIT 271
- Real Estate Folio Number (Parcel Number):
- 52424215030002710
- Zoning:
- PCD (city)
Public Schools Assigned
- Elementary School:
- Alta Vista Elem
- High School:
- Palm Beach Gardens
- Middle Or Junior School:
- Watson B. Duncan
Listing History
- Active on the market since:
- August 25, 2026
- Listing Agreement executed on:
- August 25, 2026
- Listing Status Last Changed On:
- August 25, 2026 5:05 pm
- Photos updated on:
- August 25, 2026 5:05 pm
- Last Modified:
- September 2, 2026 8:29 pm
Additional Information
- Courtesy of:
- Zarden Realty
- Attribution:
- Not provided
Location
- Floor Number:
- 2
- Street Name:
- Cypress Point
- Street Number:
- 271
- City:
- Palm Beach Gardens
- State:
- Florida
- Zip Code:
- 33418
- County:
- Palm Beach
- Latitude:
- N26° 48' 50.4''
- Longitude:
- W81° 52' 2.7''
- Street Suffix:
- Drive
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$123,405
Median Home Value
$608,500
Median Rent
$2,304/mo
Median Age
51
Population
42,979
Air Quality
Source: AirNow.gov · West Palm Beach
🌬️ Air Quality Index (AQI)
28
Good
☀️ O3
28
Good
🫁 PM2.5
21
Good
💨 PM10
6
Good
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