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 7.94% 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 B26084588 creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.72%. Units may be purchased individually or as a portfolio! All information provided by the broker and its representatives, including but not limited to pricing, square footage, calculations, and statistics, is deemed reliable but not guaranteed and is subject to errors, omissions, or changes without notice. Buyers and their representatives must independently verify all details.
271 Cypress Point Drive, Palm Beach Gardens, FL 33418
Price
- Price:
- $195,000.00
- Original List Price:
- $200,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $388.44
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:
- Price Reduced
- Last Major Update on:
- September 22, 2026 8:20 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, Trash, Maintenance Structure, Common Areas, Insurance, Pool Service, Recreation Facility
- 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, 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:
- Bob Graham Education Center
- 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
- Price change occurred on:
- September 22, 2026 8:20 pm
- Listing Status Last Changed On:
- August 25, 2026 5:05 pm
- Photos updated on:
- October 5, 2026 11:20 pm
- Last Modified:
- October 5, 2026 11:57 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
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