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: 8/25/2026

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
Lot Size Area: 0

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: 24 Hour Notice; Appointment Only; Call Listing Agent; Combination Lock Box; Listing Agent Must Accompany; Occupied; Schedule Online; 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
Okay To Lease With Restrictions: Yes
Short Term Rentals Allowed: 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

Office/Member Information

DXORIGMLSID: RML

Application Information

Association Approval Required: Yes
Personal Interview Required: Yes

Amenities

Baseball/Softball Field: Yes
Basketball Court: Yes
Car Wash Area: Yes
Golf Course: Yes
Jogging Path: Yes
Laundry: Yes
Maintained Community: Yes
Park: Yes
Parking: Yes
Playground: Yes
Pool: Yes
Sidewalks: Yes
Tennis Court(s): Yes
Trail(s): Yes

Association Amenities

Gated: Yes

Association Fee Includes

Common Areas: Yes
Maintenance Grounds: Yes
Sewer: Yes
Water: Yes

Dining Area

Snack Bar/Counter: Yes

Flooring

Laminate: Yes

Parking Features

Assigned: Yes
Guest: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Multi Family: Yes

Other Structures

Gazebo: Yes

Possession

Subject To Tenant Rights: Yes
Other: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Phone Available: Yes

View

Water: Yes

Heating

Central Individual: Yes

Unit Description

Exterior Catwalk: Yes

Water View

Pond: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Cooktop: Yes
Freezer: Yes
Ice Maker: Yes
Microwave: Yes
Oven: Yes
Refrigerator: Yes
Washer: Yes
Cooktop: Yes

Construction Materials

CBS: Yes
Stucco: Yes

Interior Features

Custom Mirrors: Yes

Laundry Features

Laundry Closet: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Concrete: Yes
Tile: Yes

Security Features

Gated with Guard: Yes
Security Gate: Yes
Security Guard: Yes
Security Patrol: Yes

Water Source

Public: Yes

Waterfront Features

Pond: Yes

Architectural Style

Key West: Yes

Cooling

Central Individual: Yes

Association Type

Homeowner Association: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Combination Lock Box: Yes
Listing Agent Must Accompany: Yes
Occupied: Yes
Schedule Online: Yes
Text Listing Agent: Yes

Master Bedroom/Bath

None: Yes

Membership

Other Membership Available: Yes
Social Membership Available: Yes
Tennis Membership Available: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes
Number Limit: Yes
Size Limit: Yes

Restrictions

Buyer Approval Required: Yes
Lease Restrictions: Yes
Other Restrictions: Yes
Parking - No Boat: Yes
Parking - No RV: Yes
Parking - No Trailer: Yes

Other Leasing Restrictions

Tenant Approval: Yes

Storm Protection Details

None: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Covered: Yes
Balcony - Open: Yes

Room Types

Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes

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 - 25 - 2026

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