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Property Description
OWNER SAYS BRING ALL OFFERS! MUST SELL. AS-IS. Welcome to Velvet Cloake #128 - a hidden waterfront paradise along the shores of Tampa Bay! Experience the best of Florida's coastal lifestyle in this beautifully updated 1-bedroom, 1-bath condo located in a peaceful 55+ gated community just minutes from vibrant downtown St. Petersburg and the Gulf beaches. This inviting ground-floor unit offers easy accessibility, modern upgrades, and resort-style living in a secure, well-maintained setting. Step inside to an open, light-filled floor plan featuring a spacious living area and an updated kitchen with breakfast bar. The bedroom includes a versatile walk-in closet. A built in murphy bed in the living room adds versatility to your new condominium home. Velvet Cloake installed a new roof in 2023. Residents of Velvet Cloake enjoy resort-style amenities including a heated waterfront pool, clubhouse with full kitchen, grill stations, shuffleboard courts, kayak and paddleboard launch, and a private fishing pier with water and electric. Stroll the scenic walking paths or take in breathtaking views of passing cruise ships and Tampa Bay sunsets. An added bonus-Bay Vista Park is located right next door, offering towering oaks, picnic areas, a pier with gazebo, playground, and walking trails. Velvet Cloake is a 55+ community. Whether you're seeking a year-round residence or a seasonal retreat, this condo offers the perfect blend of comfort, convenience, and coastal charm. Don't miss this opportunity to live in one of St. Petersburg's best-kept secrets-Velvet Cloake, truly a hidden paradise on Tampa Bay!
Full Property Details
Full Property Details for 650 Pinellas Point Dr S #128
General
- Sold For: $75,000
- HOA FEE: $618/month
- Taxes: $448 (2025)
- Status: Closed
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: U8238107
- Added to Site: 693 day(s) ago
Rental Information
- Min. Lease: 1 Month
Interior
- Number of Rooms: 3
- Interior Features: Thermostat
- Appliances: Disposal, Microwave, Range, Refrigerator
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: Heated, In Ground
Exterior
- Exterior Features: Irrigation System, Lighting, Outdoor Grill, Rain Gutters, Sidewalk
Parking
- Parking Features: Assigned
Location
- Area: 33705 - St Pete
- County: Pinellas
- Development Name: 33705 - St Pete
- Subdivision: VELVET CLOAKE CONDO
- Driving Directions: Head East on 62nd Ave. for approximately 3 miles. Turn right onto Dr. MLK Jr St. S. Then turn left onto Pinellas Point Dr. S.
- Direction Faces: West
Community
- Community Name: 33705 - St Pete
- Community Features: Buyer Approval Required, Pool, Sidewalks
- Association: Yes
- Assoc. Name: Sarah Sykes
- Assoc. Fees Include: Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Sewer, Trash, Water
- Adult Community: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: None
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Exterior Const.: Wood Frame (FSC Certified)
- Roof: Membrane
- Stories/Levels: One
- Square Feet: 780
- Sq. Ft. Source: Public Records
- Living Area: 780 Sq. Ft.
- 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 Freq.: Monthly
- Assoc Fee Desc.: Required
- Condo Fee: $618
- Condo Fee Freq: Monthly
- Tax Amount: $448
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Probate Listing
- Legal Description: VELVET CLOAKE CONDO WEST BLDG, UNIT 128
- Flood Zone Info: AE
- APN: 183217938390041280
- Property ID: 183217938390041280
- Block/Lot/Section: 1
Listed by Wilson Realty Llc
Sold by Exp Realty Llc and Exp Realty, Llc
Get Pre-Approved Today
Schools
Schools serving 650 Pinellas Point Dr S #128
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
Lakewood Elementary School, St. Petersburg, FL 4151 6th St S, St. Petersburg, FL 33705 | PK-5 | 1.8 mi |
Bay Point Middle School 2151 62nd Ave S, St. Petersburg, FL 33712 | 6-8 | 1.3 mi |
Lakewood High School 1400 54th Ave S, St. Petersburg, FL 33705 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 650 Pinellas Point Dr S #128
Date
Details
Price
Change
Source
2/04/2026
Sold
$75,000
-21.05%
MLS
1/05/2026
Price Reduced
$95,000
-3.06%
MLS
12/05/2025
Price Reduced
$98,000
-2%
MLS
11/25/2025
Price Reduced
$100,000
-4.76%
MLS
11/03/2025
Price Reduced
$105,000
-3.67%
MLS
10/27/2025
Price Reduced
$109,000
-5.22%
MLS
10/04/2025
Price Reduced
$115,000
-3.36%
MLS
9/17/2025
Price Reduced
$119,000
-4.8%
MLS
9/02/2025
Price Reduced
$125,000
-10.07%
MLS
6/07/2025
Price Reduced
$139,000
-0.71%
MLS
4/04/2025
Price Reduced
$140,000
-3.45%
MLS
3/01/2025
Price Reduced
$145,000
-3.33%
MLS
12/31/2024
Price Reduced
$150,000
-3.23%
MLS
9/03/2024
Price Reduced
$155,000
-3.06%
MLS
8/08/2024
Price Reduced
$159,900
-5.89%
MLS
5/31/2024
Price Reduced
$169,900
-2.91%
MLS
4/11/2024
Listed
$175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
650 Pinellas Point Drive S #128, Saint Petersburg, FL 33705 (MLS# U8238107) is a Condo property that was sold at $75,000 on February 04, 2026. Want to learn more about 650 Pinellas Point Drive S #128? 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.

