650 Pinellas Point Drive S #122, Saint Petersburg, FL 33705
Local realty services provided by:ERA ONETEAM REALTY
Listed by: carolina aguiar
Office: exp realty llc.
MLS#:TB8490784
Source:MFRMLS
Price summary
- Price:$70,000
- Price per sq. ft.:$109.38
About this home
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....
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Home facts
- Year built:1967
- Listing ID #:TB8490784
- Added:1 day(s) ago
- Updated:March 26, 2026 at 10:40 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Carpet, Concrete
- Kitchen Description:Dishwasher, Microwave, Range, Refrigerator
- Bedroom Description:Primary Bedroom Main Floor
- Living area:640 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1967
- Building area:640 sq. ft.
- Lot area:4.07 Acres
- Construction Materials:Block
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$70,000
- Price per sq. ft.:$109.38
- Tax amount:$2,417 (2025)
Features and amenities
- Appliances:Dishwasher, Microwave, Range, Refrigerator
- Amenities:Primary Bedroom Main Floor
- Pool features:Public Pool
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