$60,000
650 Pinellas Point DriveSt Petersburg, FL 33705
Listing updated: September 27, 2026 at 6:42 PM ET
Listing courtesy of Lpt Realty, Llc · Diana Shelton · MLS #TB8535699 · Active · 877-366-2213Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
INVESTOR OPPORTUNITY in a WATERFRONT 55+ St. Petersburg community! Bring your vision to this 1-bedroom, 1-bath condo at 650 Pinellas Point Dr S, Unit 122. This ground-floor unit is ready for renovation and offers an excellent opportunity for an investor or buyer looking to update and add value. The real standout is the setting—a waterfront community surrounded by beautiful grounds with a community pool, clubhouse and recreation areas, fishing pier, and incredible views of Tampa Bay and the Sunshine Skyway Bridge. Enjoy easy access to I-275, Downtown St. Petersburg, area beaches, shopping, dining and nearby Bay Vista Park. With its desirable South St. Pete location and waterfront surroundings, this is a chance to transform an affordable condo into something special. Bring your ideas and see the potential!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history47 days on market
- Status: ActiveAug 11, 2026
- Listed$65,000Aug 11, 2026
- Price reduced$60,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 47
- Subdivision
- Velvet Cloake Condo
- County
- Pinellas
- Year built
- 1967
- Living area
- 640 sq ft
- Price/sq ft
- $94
- Lot size
- 177,244 sq ft
- Flood zone
- AE (12103C0284H)
- Annual taxes
- $2,417 (2025)
- Parcel #
- 18-32-17-93839-002-1220
- MLS #
- TB8535699
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Interior Details
- Bedrooms
- 1
- Full bathrooms
- 1
- Flooring
- Carpet, Concrete
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Interior features
- Primary Bedroom Main Floor
- Laundry
- Other
- Stories / Levels
- One
- Direction faces
- West
Heating & Cooling
- Heating
- Other
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $630/mo
- Total annual fees
- $7,560
- HOA name
- Sarah Harwood Sykes
- CDD
- No
- Min lease term
- 1 Month
- Listing terms
- Cash
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Buyer and Buyer's agent to verify leasing restrictions and HOA requirements directly with the HOA
- Approval process
- Buyer and Buyer's agent to verify leasing restrictions and HOA requirements directly with the HOA
Exterior & Construction
- Exterior features
- None
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Community
- Pets allowed
- No
- Senior community
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | 13x11 |
| Primary Bathroom | First | 5x8 |
| Kitchen | First | 7x9 |
| Living Room | First | 11x19 |
| Dining Room | First | 7x8 |
Listing Details
- Listing date
- 2026-08-04
- On market date
- 2026-08-11
- Original list price
- $65,000
- Occupant type
- Vacant
- MLS area
- 33705 - St Pete
- Listing AOR
- Orlando Regional
- Status changed
- 2026-08-11
- Tax legal description
- VELVET CLOAKE CONDO EAST BLDG, UNIT 122
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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.
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Listing provided by Stellar MLS
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of September 27, 2026 at 6:42 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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