271 Cypress Point Drive, Palm Beach Gardens, FL 33418
- $200,000
- 1
- BD
- 1
- BA
- 502
- SqFt
- List Price
- $200,000
- Status
- ACTIVE
- Days on Market
- 17
- MLS#
- B26068273
- Subtype
- Residential
- Style
- Florida
- Year Built
- 1982
- Bedrooms
- 1
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 502
- Subdivision
- Cypress Point Condo
- Neighborhood
- PB27
- Building Name
- 5
- MLS Area Major
- 5360
Property 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.
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Additional Information
- Amenities
- Basketball Court, Car Wash Area, Gated, Golf Course, Home Owners Association, Laundry, Maintenance, Park, Parking, Playground, Pool, Sidewalks, Sports Fields, Tennis Court(s), Trail(s)
- Interior Features
- Breakfast Bar, Custom Mirrors, None
- Exterior Features
- Balcony, Outdoor Living Area
- Taxes
- $2,930
- HOA Fee
- $969
- HOA Freqency
- Quarterly
- Pets Allowed
- Number Limit, Pet Restrictions, Size Limit, Yes
- Pets
- Yes
- Building Name
- 5
- Property Description
- Florida
- Flooring
- Laminate
- Appliances
- Cooktop, Dryer, Dishwasher, Electric Cooktop, Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Washer
- Heating
- Central, Individual
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Stories
- 1
- Levels
- One
- Roof
- Concrete, Tile
- Parking Features
- Assigned, Guest
- Elementary School
- Timber Trace
- Middle School
- Watson B. Duncan
- High School
- Palm Beach Gardens
- View
- Pond, Water
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Listing courtesy of Zarden Realty. Contact:
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Olivia Prosser | Email: oliviaprealtor@gmail.com