271 Cypress Point Drive, Palm Beach Gardens, FL 33418 (MLS# B26068273)

271 Cypress Point Drive, Palm Beach Gardens, FL 33418

New Listing

$200,000

Virtual Tour

https://www.propertypanorama.com/271-Cypress-Point-Drive-Palm-Beach-Gardens-FL-33418/unbranded

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Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 502 Status: Active

Current Price: $200,000 List Date: 8/25/2026 Last Modified: 8/27/2026

Overview

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.

Listing Details MLS# B26068273

General Property Information

Unit Floor #: 2
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 502
Building Area Source: Public Records
Living Area Main: 502
Living Area Source: Public Records
Adjusted Area Main: 502
Accessibility Features YN: No
Year Built: 1982
Parking Total: Yes
Gated Community YN: Yes
Senior Community YN: No
Land Lease YN: No
Recreation Lease YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: Yes
Direction Faces: Southeast
Fireplace YN: No
Pool Private YN: No
Furnished: Unfurnished
Washer/Dryer Allowed YN: Yes
LP/Assessed Value: 1.57

Property Features

Application Information: Association Approval Required; Personal Interview Required Association Amenities: Gated Association Fee Includes: Common Areas; Maintenance Grounds; Water Dining Area: Snack Bar/Counter Flooring: Laminate Leasing Permitted Details: Okay To Lease With Restrictions; Short Term Rentals Allowed Parking Features: Assigned; Guest Property Condition: Resale Special Listing Conditions: Standard Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Freezer; Ice Maker; Microwave; Oven; Refrigerator; Washer; Cooktop Architectural Style: Key West Construction Materials: CBS; Stucco Cooling: Central Individual Association Type: Homeowner Association Heating: Central Individual Interior Features: Custom Mirrors Laundry Features: Laundry Closet Listing Terms: Cash; Conventional Membership: Other Membership Available; Social Membership Available; Tennis Membership Available Other Structures: Gazebo Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible; Number Limit; Size Limit Possession: Subject To Tenant Rights; Other Restrictions: Buyer Approval Required; Lease Restrictions; Other Restrictions; Parking - No Boat; Parking - No RV; Parking - No Trailer Other Leasing Restrictions: Tenant Approval Roof: Concrete; Tile Security Features: Gated with Guard; Security Gate; Security Guard; Security Patrol Sewer: Public Sewer Storm Protection Details: None Structure Type: Multi Family Tax Information: City/County Unit Description: Exterior Catwalk Utilities: Cable Available; Electricity Available; Phone Available View: Water Water Source: Public Water View: Pond Waterfront Features: Pond Showing Requirements: Call Listing Agent; Listing Agent Must Accompany; Occupied; Text Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Covered; Balcony - Open Room Types: Kitchen; Laundry; Living Room; Master Bedroom

Contract Information

Comp Sale YN: No
Original List Price: 200000
Negotiable Seller Concessions YN: No
Occupant Type: Tenant
Listing Service: Limited Service

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 271
Street Name: Cypress Point
Street Suffix: Drive
Municipality Type: Incorporated
Municipal Code: 52
State Or Province: FL
Postal Code: 33418
Postal Code +4: 7146
Subdivision Name: CYPRESS POINT CONDO
Development Name: PGA NATIONAL
Area: 5360
Geographic Area: PB27
Elementary School: Timber Trace
Middle Or Junior School: Watson B. Duncan
High School: Palm Beach Gardens
Special Assessment YN: No
Parcel Number: 52424215030002710
Subdivision Number: 3
Zoning: PCD (city)
Flood Zone: X
Building Name: 5

Financial Information

Association YN: Yes
Association Deposit YN: No
Association Fee: 969.63
Association Fee Frequency: Quarterly
Association Membership: Mandatory
Association Reserves YN: Yes
Application Required YN: Yes
Association Name: CYPRESS POINT CONDO
Association Phone: 561-679-4800
Association Email: Cypresspointcoa@reef-ps.com
Master Association YN: Yes
Master Association Fee: 1036
Master Association Fee Frequency: Annually
Master Association Name: PGA NATIONAL
Master Association Phone: 561-627-2800
Master Association Email: Leaannr@langmanagement.com
Master Association Website: https://pga-poa.com/
Estimated Monthly Assoc Recurring Fee: 410
Membership Fee Required YN: No
Tax Annual Amount: 2930
Tax Year: 2025
Tax Assessed/SOH Value: 127734
Tax Legal Description: CYPRESS POINT UNIT 271
Assessor Market Value: 149850

Status Change Information

Major Change Timestamp: 2026-08-25T17:05:18Z
Major Change Type: New Listing
Status Change Date: 2026-08-25

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Leasing Permitted Details

Leasing Permitted YN: Yes

Capital Contributions

Capital Contributions YN: No

Main Level Rooms

Main Level Bathrooms: Yes
Main Level Bedrooms: Yes

Pet Details

Maximum Number Of Pets: 2
Pet Fee YN: No
Total Weight Limit (Pets): 25

Leasing Restrictions

Leasing - Max Times Per Year: 12
Leasing - Minimum Number of Days: 30

Price Calculations

Current Price To SqFt: 398.4

Originating Details

Originating System Key: 20260818193507233771000000
Originating System ID: M00000170

Room Information

Room Name	Length	Width
Living Room	14.00	13.00
Kitchen	10.00	7.00
Master Bedroom	10.00	9.00
Laundry

Listing Office: Zarden Realty

Last Updated: August - 27 - 2026

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