Date
Details
Price
Change
Source
3/26/2026
Listed
$70,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/20
$70,000
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1/20
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.
Full Property Details
Full Property Details for 650 Pinellas Point Dr S #122
General
- Price: $70,000
- HOA FEE: $618/month
- Taxes: $2,416 (2025)
- Status: Active
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: TB8490784
- Updated: 3/26/2026
- Added to Site: 7 day(s) ago
Rental Information
- Min. Lease: 1 Month
Interior
- Number of Rooms: 3
- Interior Features: Primary Bedroom Main Floor
- Appliances: Dishwasher, Microwave, Range, Refrigerator
- Furnishings: Negotiable
- Flooring: Carpet, Concrete
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Exterior
- Exterior Features: None
Location
- Area: 33705 - St Pete
- County: Pinellas
- Development Name: 33705 - St Pete
- Subdivision: VELVET CLOAKE CONDO
- 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.
- Direction Faces: West
Community
- Community Name: 33705 - St Pete
- Community Features: Buyer Approval Required, Gated Community - No Guard, Pool
- Association: Yes
- Assoc. Fees Include: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Internet, Pool Maintenance, Sewer, Trash, Water
- Adult Community: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- Exterior Const.: Block
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 640
- Sq. Ft. Source: Public Records
- Year Built: 1967
Lot Features
- Lot Size (Acres): 4.07
- Lot Size (Sq. Ft.): 177,244
- Lot Size: 4.069
- Street/Road Desc.: Asphalt
Financial Considerations
- Assoc Fee Desc.: None
- Condo Fee: $618
- Condo Fee Freq: Monthly
- Tax Amount: $2,416.88
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: VELVET CLOAKE CONDO EAST BLDG, UNIT 122
- Flood Zone Info: AE
- APN: 183217938390021220
- Property ID: 183217938390021220
Listed by Exp Realty Llc
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— 650 Pinellas Point Dr S #122 —
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Price & Sales History for 650 Pinellas Point Dr S #122
Tax History
Tax History for 650 Pinellas Point Dr S #122
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,330
—
$132,653
-13%
2024
$2,330
8%
$152,001
9%
2023
$2,160
21%
$138,897
41%
2021
$1,787
-8%
$98,243
-18%
2022
$1,942
9%
$119,790
58%
2021
$1,787
20%
$75,826
16%
2019
$1,485
8%
$65,537
10%
2018
$1,374
7%
$59,579
-12%
2017
$1,287
17%
$67,696
37%
2016
$1,099
3%
$49,239
5%
2015
$1,066
—
$46,792
1%
2014
$1,062
2%
$46,413
3%
2013
$1,038
—
$44,920
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 650 Pinellas Point Dr S #122
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650 Pinellas Point Drive S #122, Saint Petersburg, FL 33705 (MLS# TB8490784) is a Condo property with 1 bedroom and 1 full bathroom. 650 Pinellas Point Drive S #122 is currently listed for $70,000 and was received on March 26, 2026. Want to learn more about 650 Pinellas Point Drive S #122? Do you have questions about finding other Condo real estate for sale in Saint Petersburg? You can browse all Saint Petersburg real estate or contact a Coldwell Banker agent to request more information.