Condominium
271 Cypress Point Drive
271 Cypress Point Drive, Palm Beach Gardens FL 33418 Get directions
$195,000
1 Bed · 1 Bath · 502 SqFt
See estimated monthly costThis listing is courtesy of Zarden Realty. Olivia Prosser
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 502
- Full bathrooms
- 1
- Furnished
- Unfurnished
- Custom Mirrors
- Utility Room/Laundry
Building & exterior
- Year built
- 1982
- Pool
- Yes
- Waterfront
- Yes
- Water
- Pond View
- Pond
- Exterior Cat Walk
- Balcony
- Open Balcony
- Assigned
- Guest
- No Boats
- No Rv/Boats
HOA (homeowners association)
- Association fee
- $969 per quarter
- Basketball Court
- Bike/Jog Path
- Gated
- Laundry
- Community Pool
- Golf Course
- Golf Course Com
- Guard At Gate
- Laundry Facility
- Maintained Community
- Other Membership Available
- Pool
- Private Pool
- Security Patrol
- Tennis Court(s)
- Vehicle Wash Area
- Assoc Approval Required
- No Trucks/Rv'S
- Other Restrictions
- Yes
Taxes
- Annual tax
- $2,930
- Tax year
- 2025
- Parcel number
- 52424215030002710
Assigned schools
- Elementary
- Timber Trace
- Middle
- Watson B. Duncan
- High
- Palm Beach Gardens
Listing
- MLS number
- B26068273
- Property type
- Condominium
- Price per SqFt
- $388
- Subdivision
- CYPRESS POINT CONDO,PGA NATIONAL
- On market since
- Aug 25, 2026
- Days on market
- 41
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 25, 2026 | Listed | $200,000 | — |
| Sep 22, 2026 | Price change | $195,000 | −$5,000 (−2.5%) |
Milestones recorded on this listing. Not a complete MLS price history.
Estimated monthly cost
$1,699 per month
- Principal & interest (30 yr)
- $986
- Property tax
- $244
- Insurance (estimated)
- $146
- Association fee
- $323
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
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