151 Cypress Point Drive, Palm Beach Gardens, FL 33418

$185,000 — Active Under Contract

Property Features

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Fully furnished and updated 1 bedroom, 1 bath condo in Cypress Point at PGA National! The unit is currently leased on an annual basis at $2,100/month, providing immediate rental income! Offered at an attractive 7.30% 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 B26068273 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.

▼ Price Reduced — originally listed at $195,000

Property Details

  • Listing ID: B26084588
  • Status: Active Under Contract
  • Listing Date: 2026-10-05
  • Property Type: Condominium
  • Subdivision: CYPRESS POINT CONDO
  • County: Palm Beach
  • MLS Area: 5360
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Living Area Sq Ft: 502
  • Year Built: 1982

Financial

  • List Price: $185,000
  • Original List Price: $195,000
  • HOA Fee: $970/mo
  • Taxes: $3,979/yr

Features & Amenities

  • View: Water, Pond
  • Furnished: Furnished
  • Pets Allowed: Yes, Number Limit, Size Limit
  • Parking: Assigned, Guest
  • Cooling: Electric, Central Individual
  • Heating: Electric, Central Individual
  • Flooring: Vinyl
  • Construction: Frame, CBS
  • Roof: Shingle
  • Interior Features: Other
  • Exterior Features: Balcony
  • Community Amenities: Basketball Court, Car Wash Area, Golf Course, Jogging Path, Laundry, Park, Picnic Area, Playground, Pool, Tennis Court(s), Trail(s), Baseball/Softball Field, Maintained Community, Pickleball Court(s), Sidewalks, Street Lights, Gated, Security, Recreation

Courtesy of Zarden Realty
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RAPB

© 2026 Starfish Real Estate. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.