What is the Asking Price?

The current asking price for this property is $70,000. Please contact me here for further details about this property.

What are the Property's Features?

This home features : 1 beds, 1 baths, 640 sqft, 4.07 acres lot, senior community, built in 1967, 20 pictures.

Where is the property located?

Property is located at 650 PINELLAS POINT DR S #122, ST PETERSBURG, FL, US. You can view this listing on our map here .

En venta: 650 Pinellas Point Dr S #122, St. Petersburg, 33705, FL

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650 PINELLAS POINT DR S #122, ST PETERSBURG, 33705

$70,000
1 Beds, 1 Baths , 640 Sq.Ft
County: Pinellas
Subdivision: VELVET CLOAKE CONDO

Property highlights

MLS#: TB8490784
177,244.00 lot size Sq.Ft.
Year built: 1967
Floor: 1
Pool: Community pool

Listed: 03/26/2026
Taxes: $2,416.88
Condo maintenance: $618.00 Monthly
Average Monthly Fees (not including CDD, if any): $618.00
Maintenance fee includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Internet, Sewer, Trash and Water
Building Name: VELVET CLOAKE CONDO NORTH BLD
Virtual Tour

Property Overview

Investor Special in highly desirable Velvet Cloake, a tranquil 55+ waterfront community along the shores of Tampa Bay! This 1-bedroom, 1-bath condo offers an incredible opportunity to renovate and add value in one of St. Petersburg’s most peaceful yet centrally located areas. Inside, the unit is a blank canvas ready for transformation. With the right vision, this property has strong potential as a seasonal getaway, long-term hold, or resale opportunity.
What truly makes this property stand out is the lifestyle and location. Velvet Cloake is a hidden gem waterfront community offering resort-style amenities, including a heated pool, clubhouse with full kitchen, shuffleboard courts, grilling areas, and beautifully maintained grounds. Enjoy direct access to Tampa Bay with a fishing pier, kayak and paddleboard launch, and scenic walking paths perfect for soaking in the Florida sunshine.

Located just minutes from Downtown St. Petersburg, you’ll have easy access to top-rated restaurants, museums, shopping, and the St. Pete Pier, along with a short drive to the Gulf beaches. Quick access to I-275 makes commuting to Tampa and the surrounding areas effortless.

Opportunities like this are rare. Whether you’re looking to renovate and resell or hold as an investment, this is your chance to secure a property with significant upside potential in an unbeatable location.

Driving directions : From I-275 S, take exit 17 for Pinellas Point Dr S. Head east on Pinellas Point Dr S and continue straight for approximately 1.5 miles. Turn left into the Velvet Cloake community and proceed to building 650; unit #122 will be on your right.

Property Features

Rooms	Dimension	Description
Kitchen		First level
Living Room		First level
Primary Bedroom		First level , Carpet

Interior Features

Primary Bedroom Main Floor

Appliances

Dishwasher
Microwave
Range
Refrigerator

Heating

Other

Laundry features

None

Air Conditioning

Central Air

Floor Covering

Carpet
Concrete

Utilities

Public

Exterior features

None

Community Features

Buyer Approval Required
Gated Community - No Guard
Pool

Construction Materials

Block

Road Surface Type

Asphalt

Roof

Shingle

Foundation

Slab

Listing information courtesy of EXP REALTY LLC

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Listing data comes from My Florida Regional MLS.