Homes for sale in Palm Beach Gardens
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Condominium
271 Cypress Point Drive
Palm Beach Gardens, FL 33418
$195,000
- Beds
- 1
- Baths
- 1
- Sq ft
- 502
- Year built
- 1982
- Price per sq ft
- $388
Listing courtesy of Olivia Prosser, Zarden Realty
About this home
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. 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.
Details
Property
- Type
- Condominium
- Year built
- 1982
- Stories
- 2
- Subdivision
- CYPRESS POINT CONDO,PGA NATIONAL
- County
- Palm Beach County
- Faces
- Southeast
- View
- Water, Pond View, Pond
- Waterfront
- Pond
Interior
- Appliances
- Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
- Cooling
- Central Individual A/C
- Heating
- Central Individual A/C
- Laundry
- Laundry Room, Utility Room/Laundry, Common Area
- Features
- Custom Mirrors, Utility Room/Laundry
- Furnished
- Unfurnished
Exterior and parking
- Exterior
- Exterior Cat Walk, Balcony, Open Balcony
- Patio and porch
- Open Balcony
- Pool
- Community
- Parking
- Assigned, Guest, No Boats, No Rv/Boats
- Construction
- CBS Construction, Stucco
- Roof
- Tile, Concrete, Tile Roof
Community and fees
- Association fee
- $969 quarterly
- Amenities
- 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
- Maintenance includes
- Maintenance Incl Common Area, Maintenance Incl Security, Laundry Facilities, Parking, Sewer, Water
- Security
- Complex Fenced, Gated with Guard, Guard At Site, Private Guards, Security Gate, Security Guard, Security Patrol
- Pets
- Yes
- Annual taxes
- $2,930
- Terms
- All Cash, Conventional
Neighborhood
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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.
Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 27, 2026.