$195,000
Palm Beach Gardens, FL 33418
MLS# B26068273
1 beds | 1 baths | 502 sqft
1 / 49
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 7.94% 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!
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: No
Occupant Type: Tenant
Listing Date: 2026-08-25
Status: Active
Original List Price: 200000
List Price: $195,000
Current Price: $195,000
Listing Service: Limited Service
Location and Legal
County Or Parish: Palm Beach
Municipality Type: Incorporated
Municipal Code: 52
Development Name: PGA NATIONAL
Geographic Area: PB27
Subdivision Number: 3
Special Assessment YN: No
Flood Zone: X
Building Name: 5
Country: United States
Street Number: 271
Street Name: Cypress Point
Street Suffix: Drive
State Or Province: FL
Postal Code: 33418
Postal Code +4: 7146
Subdivision Name: CYPRESS POINT CONDO
Area: 5360
Elementary School: Timber Trace
Middle Or Junior School: Watson B. Duncan
High School: Palm Beach Gardens
Parcel Number: 52424215030002710
Zoning: PCD (city)
General Property Information
Unit Floor #: 2
Adjusted Area Main: 502
Living Area Main: 502
Living Area Source: Public Records
Accessibility Features YN: No
Gated Community YN: Yes
Lot Size Area: 0
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Unfurnished
Land Lease YN: No
Recreation Lease YN: No
Stories Total: 2
Stories: 1
Fireplace YN: No
Pool Private YN: No
Washer/Dryer Allowed YN: Yes
LP/Assessed Value: 1.53
Property Sub Type: Condominium
Bedrooms Total: 1
Bathrooms Total: 1
Bathrooms Full: 1
Building Area Main: 502
Building Area Source: Public Records
Year Built: 1982
Parking Total: 1
Waterfront YN: 1
Direction Faces: Southeast
Financial Information
Association Deposit YN: No
Application Required YN: Yes
Association Membership: Mandatory
Association Reserves 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 Assessed/SOH Value: 127734
Assessor Market Value: 149850
Association YN: 1
Association Fee: 969.63
Association Fee Frequency: Quarterly
Tax Annual Amount: 2930
Tax Year: 2025
Tax Legal Description: CYPRESS POINT UNIT 271
Office/Member Information
DXORIGMLSID: RML
Application Fee Details
Application Fee Required: Yes
Application Fee: 150
Application Information
Association Approval Required: 1
Personal Interview Required: 1
Amenities
Baseball/Softball Field: 1
Basketball Court: 1
Car Wash Area: 1
Golf Course: 1
Jogging Path: 1
Laundry: 1
Maintained Community: 1
Park: 1
Parking: 1
Playground: 1
Pool: 1
Sidewalks: 1
Tennis Court(s): 1
Trail(s): 1
Association Amenities
Gated: 1
Association Fee Includes
Common Areas: 1
Insurance: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Pool Service: 1
Recreation Facility: 1
Sewer: 1
Trash: 1
Water: 1
Dining Area
Snack Bar/Counter: 1
Flooring
Laminate: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease With Restrictions: 1
Short Term Rentals Allowed: 1
Parking Features
Assigned: 1
Guest: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Structure Type
Multi Family: 1
Other Structures
Gazebo: 1
Possession
Subject To Tenant Rights: 1
Other: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Available: 1
Phone Available: 1
View
Water: 1
Heating
Central Individual: 1
Leasing Restrictions
Leasing - Max Times Per Year: 12
Leasing - Minimum Number of Days: 30
Unit Description
Exterior Catwalk: 1
Water View
Pond: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Cooktop: 1
Freezer: 1
Ice Maker: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Washer: 1
Cooktop: 1
Construction Materials
CBS: 1
Stucco: 1
Interior Features
Custom Mirrors: 1
Laundry Features
Laundry Closet: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Concrete: 1
Tile: 1
Security Features
Gated with Guard: 1
Security Gate: 1
Security Guard: 1
Security Patrol: 1
Water Source
Public: 1
Waterfront Features
Pond: 1
Architectural Style
Key West: 1
Capital Contributions
Capital Contributions YN: No
Cooling
Central Individual: 1
Association Type
Homeowner Association: 1
Showing Requirements
Call Listing Agent: 1
Occupied: 1
Text Listing Agent: 1
Main Level Rooms
Main Level Bathrooms: 1
Main Level Bedrooms: 1
Master Bedroom/Bath
None: 1
Membership
Other Membership Available: 1
Social Membership Available: 1
Tennis Membership Available: 1
Pets Allowed YN
Yes: 1
Pets Allowed
Pet Restrictions Possible: 1
Number Limit: 1
Size Limit: 1
Pet Details
Maximum Number Of Pets: 2
Pet Fee YN: No
Total Weight Limit (Pets): 25
Restrictions
Buyer Approval Required: 1
Other Restrictions: 1
Parking - No Boat: 1
Parking - No RV: 1
Parking - No Trailer: 1
Other Leasing Restrictions
Tenant Approval: 1
Storm Protection Details
None: 1
Tax Information
City/County: 1
Outdoor Living Spaces
Balcony: 1
Balcony Details
Balcony - Covered: 1
Balcony - Open: 1
Room Types
Kitchen: 1
Laundry: 1
Living Room: 1
Master Bedroom: 1
Price Calculations
Current Price To SqFt: 388.44
Status Change Information
Major Change Timestamp: 2026-09-22T20:20:38Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-22T20:20:38Z
Status Change Date: 2026-08-25
Originating Details
Originating System Key: 20260818193507233771000000
Originating System ID: M00000170
Property Features
Application Information: Association Approval Required; Personal Interview Required
Association Amenities: Gated
Association Fee Includes: Common Areas; Insurance; Maintenance Grounds; Maintenance Structure; Pool Service; Recreation Facility; Trash; 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; 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; Occupied; Text Listing Agent
Outdoor Living Spaces: Balcony
Balcony Details: Balcony - Covered; Balcony - Open
Room Types: Kitchen; Laundry; Living Room; Master Bedroom
Supplements
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.
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: October - 05 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
