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286 Cypress Point Drive, Palm Beach Gardens FL 33418

Condo/Co-op For Sale
$200,000

BTC: 2.47831475

ETH: 83.33333333

New
Waterfront
1 bds
1 ba
502 sqft

Overview

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

Details

Type:
Residential
Parking:
Assigned / Guest / No Boats / No Rv/Boats
Year Built:
1982
Lot:
No Data
Heating:
Central Individual A/C
Price/sqft:
$398
Cooling:
Central Individual A/C
HOA:
$969

Valuation

Our model vs. what's actually selling nearby.
Estimate
$197,450
$150K – $225K
Confidence Low
List vs. estimate
At estimate
List $200,000 · +1.3%
List is in line with recent comparable activity.
Price per sq ft
$398
+32.8% vs. city median $300
Based on
28 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $537K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,930
2025
HOA
$969/qtr
Pool
Community
View
Water, Pond View
Waterfront
Pond
Parking
1 spaces
Pets
Allowed
All facts and features
  • Flooring

    • Wood

    Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

    Appliances

    • Dishwasher

    • Disposal

    • Ice Maker

    • Microwave

    • Refrigerator

    • Self Cleaning Oven

    • Wall Oven

    Other interior features

    • No Interior Features

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • Assigned

    • Guest

    • No Boats

    • No Rv/Boats

    Property

    • Levels: 1

    • Pool Private: Yes

    • Exterior Features: Exterior Cat Walk / Balcony / Open Balcony

    Other Property Information

    • Parcel Number: 52424215030002860

    • Zoning: PCD (city)

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Electricity Connected

    • Phone Connected

    • Cable Available

    • Electricity Available

    • Phone Available

  • Other financial information

    • HOA: $969

    • HOA Frequency: Quarterly

    • Annual tax amount: $2,930

  • Source details

    • MLS ID: B26068272

    Other facts

    • Construction Materials: CBS Construction / Slab Construction / Stucco

    • Laundry Features: Common Area / Washer Hookup

    • Lot Features: Treed Lot / Sidewalk

    • Patio And Porch Features: Open Balcony

    • Pool Features: Community

    • Direction Faces: Southeast

    • Other Structures: Livable / Other Bldg Incl

    • Architectural Style: One Story

    • Waterfront: Yes

    • Living Area: 502

    • Water Source: Public

    • Subdivision Name: CYPRESS POINT CONDO,Cypress Point Condo

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Zarden Realty