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271 Cypress Point Drive, Palm Beach Gardens, Florida 33418

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Active For Sale
$200,000
  • Beds 1
  • Baths 1
  • Sq Ft 502 Sqft
  • Visits: 7 in 20 days

Description

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

  • Swimming Pool: Association, Community, None
  • Heating System: Central
  • Cooling System: Central Air
  • Patio: Balcony, Open
  • Parking: Assigned, Guest

Appliances

  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Washer, Disposal, Built-In Oven, Ice Maker

Address Map

  • Country: US
  • State: FL
  • County: Palm Beach
  • City: Palm Beach Gardens
  • Subdivision: CYPRESS POINT CONDO
  • Zipcode: 33418
  • Street: Cypress Point
  • Street Number: 271
  • Street Suffix: Drive
  • Floor Number: 0
  • Longitude: W81° 52' 5.9''
  • Latitude: N26° 48' 58.5''
  • MLS Area: 5360

MLS Addon

  • Association Amenities: Laundry, Pool, Tennis Court(s), Controlled Access, Guard, Basketball Court, Golf Course, Trail(s), Maintenance, Security, Vehicle Wash Area
  • Association Fee: $969
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Common Area Maintenance, Sewer, Security, Water, Laundry, Parking
  • Close Price: $0
  • Elementary School: Timber Trace
  • Exterior Features: Balcony
  • High School: Palm Beach Gardens
  • Insurance Expense: $0
  • Interior Features: Custom Mirrors, Breakfast Bar
  • Laundry Features: Common Area
  • Levels: Two, One
  • Lot Features: Buyer Approval Required
  • Middle Or Junior School: Watson B. Duncan
  • New Taxes Expense: $0
  • Stories: 2
  • Stories Total: 2
  • Tax Annual Amount: $2,930
  • Utilities: Cable Available, Electricity Available, Phone Available

Location

Listing Updated: 2026-09-13 14:05:58

  • Parent : 271::Cypress Point:33418:Palm Beach Gardens
  • Property Type : Condominium
  • Property Sub Type : Condominium
  • Listing Type : For Sale
  • Listing ID : B26068273
  • Price : $200,000
  • View : Pond, Water
  • Bedrooms : 1
  • Bathrooms : 1
  • Full Bathrooms : 1
  • Half Bathrooms : 0
  • Square Footage : 502 Sqft
  • Year Built : 1982
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 20
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