For sale Condo

Listed Aug 25, 2026

$185,000 Est. $1,224/mo

271 Cypress Point Drive

  • 1

    Beds

  • 1

    Baths

  • 502

    Sq ft

The story

  • Pool
  • Waterfront

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! 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.

Facts & features

Home type

Condo

Year built

1982

Floors

1

Price per sq ft

$369

HOA

$970 / quarterly

Included features

  • Pool

    Yes

  • Cooling

    Central Air

  • Heating

    Central, Individual

  • Appliances

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

  • Flooring

    Laminate

  • Roof

    Concrete, Tile

  • Exterior

    Balcony, Outdoor Living Area

  • Water Source

    Public

  • Sewer

    Public Sewer

  • View

    Water

Mortgage calculator

Estimated monthly payment

$1,224 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $985
  • Property tax $185
  • Insurance $54

Includes principal, interest, taxes & insurance.

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Listing Broker

Zarden Realty

Broker Name

Zarden Realty

Agent

Olivia Prosser

Location

Royal Palm Beach FL 33411