650 PINELLAS POINT DRIVE S UNIT 122

For sale Days on market 19

$70,000

$109/sq ft

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Overview

Bedroom

Bath

Year Built

1967

Sqft

640

Property Type

Condominium

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.

Property Details

MLS#

TB8490784

Total Floor in Bldg

Address

650 PINELLAS POINT

City

St Petersburg

State/county

Zip/Postal Code

33705

Area

Velvet Cloake Condo

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$2,416

Maint Fee

$--

Tax Year

2025

Dishwasher

Microwave

Range

Refrigerator

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