$70,000

650 PINELLAS POINT DRIVE S 122, St Petersburg, FL 33705

  • 1 bed |
  • 1 bath |
  • 640 sqft
  • Property Icon Condominium
  • Property Year Built Icon Built in 1967
  • Property Lot Size Icon4.07acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $109/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

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.

Listing Status:
Active
Date Added:
March 26, 2026
Data Last Updated:
April 3, 2026 at 7:22PM
Listing Office:
EXP REALTY LLC : 888-883-8509
Listing Agent:
Carolina Aguiar : 813-401-5196
MLS ID:
TB8490784
  • General: Primary Bedroom Main Floor
  • Appliances: DishwasherMicrowaveRangeRefrigerator
  • Laundry: None
  • Flooring: CarpetConcrete
  • A/C: Central Air
  • Heating: Other
  • General: None
  • Roofing: Shingle
  • General: BlockOneSlab
  • Road/Access: Asphalt
  • HOA Amenities: Cable TVPoolEscrow Reserves FundInsuranceInternetSewerTrashWater
  • Originating MLS: Stellar MLS
  • County: Pinellas
  • Zoning: VELVET CLOAKE CONDO EAST BLDGUNIT 12218-32-17-93839-002-1220
  • Utilities: Public
  • Water: Public
  • Sewer: Public Sewer
  • Source: Stellar MLS
  • Ownership: Fee Simple

This listing courtesy of Carolina Aguiar , EXP REALTY LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Bay Vista Fundamental Elementary School

5900 Dr Martin Luther King St S, Saint Petersburg, FL, 33705

Grades KG-5

0.76 miles away

B

Bay Point Middle School

2151 62nd Ave S, Saint Petersburg, FL, 33712

Grades 6-8

1.31 miles away

L

Lakewood High School

1400 54th Ave S, Saint Petersburg, FL, 33705

Grades 9-12

1.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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