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Julio Suarez

julio@suarezteammiami.com +1(305) 785-0985

$ 200,000

Est. payment | -/mo

1 Bed

1 Bath

502 SqFt

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$ 200,000

Est. payment | -/mo

Save Virtual Tour

1 Bed

1 Bath

502 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 502 sqft

Price per Sqft $398

Subdivision Cypress Point Condo

MLS Listing ID B26068272

Style One Story

Bedrooms 1

Full Baths 1

HOA Fees $969/qua

HOA Y/N Yes

Year Built 1982

Annual Tax Amount $2,930

Tax Year 2025

Property Sub-Type Condominium

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 $2,100 per month, providing immediate rental income, with the tenant responsible for electricity and Wi-Fi. The property also features a brand new water heater. 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 #B26068273 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.

Location

State FL

County Palm Beach

Community Cypress Point Condo

Area 5360

Zoning PCD (city)

Direction Head West on PGA Blvd. Make a left into PGA National. Turn left on Avenue of the Masters. Turn left onto Cypress Point Drive.

Interior

Interior Features Breakfast Bar, Eat-in Kitchen

Heating Central

Cooling Central Air

Flooring Hardwood, Wood

Furnishings Unfurnished

Appliance Built-In Oven, Dishwasher, Disposal, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven

Laundry Common Area, Washer Hookup

Exterior

Exterior Feature Balcony

Pool Pool, Association, Community

Community Features Golf, Gated, Home Owners Association, Laundry Facilities, Maintained Community, Sidewalks, Golf Course Community, Pool

Utilities Available Cable Available, Electricity Available, Phone Available

Amenities Available Controlled Access, Golf Course, Laundry, Maintenance, Pool, Guard, Security, Trail(s), Vehicle Wash Area

View Y/N Yes

View Pond, Water

Roof Type Concrete,Tile

Porch Balcony, Open

Total Parking Spaces 1

Private Pool Yes

Building

Lot Description Buyer Approval Required, Trees

Building Description Block,Stucco, Living Area,Other

Faces Southeast

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style One Story

Level or Stories One, Two

Structure Type Block,Stucco

Schools

Elementary Schools Timber Trace

Middle Schools Watson B. Duncan

High Schools Palm Beach Gardens

Others

Pets Allowed No

HOA Fee Include Laundry,Sewer,Security,Water

Senior Community No

Restrictions Association Approval Required,No Boats,No RV,No Truck,OK To Lease,Rental Restriction

Tax ID 52424215030002860

Security Features Gated with Guard,Security Gate

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/286-Cypress-Point-Drive-Palm-Beach-Gardens-FL-33418--B26068272/unbranded

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Zarden Realty

286 Cypress Point DR Palm Beach Gardens, FL 33418

Julio Suarez

Key Details

Location

Interior

Exterior

Building

Schools

Others

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286 Cypress Point DR