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!
Property Details
Price:
$65,000
MLS #:
TB8535699
Status:
Active
Beds:
1
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
VELVET CLOAKE CONDO
Neighborhood:
33705stpete
Listed Date:
Aug 11, 2026
Finished Sq Ft:
640
Total Sq Ft:
640
Lot Size:
177,244 sqft / 4.07 acres (approx)
Year Built:
1967
See this Listing
Schools
Interior
Appliances
Dishwasher, Microwave, Range, Refrigerator
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Carpet, Concrete
Heating
Other
Interior Features
Primary Bedroom Main Floor
Laundry Features
Other
Levels
One
Exterior
Community
55+
Community Features
Gated Community – No Guard, Pool
Construction Materials
Block
Direction Faces
West
Exterior Features
None
Roof
Shingle
Senior Community YN
1
Financial
HOA Fee Frequency
Monthly
HOA Includes
Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Grounds, Pool Maintenance
HOA Name
Sarah Harwood Sykes
HOA Phone
727-573-9300
Tax Year
2025
Taxes
$2,417
Map
Community
- Address650 PINELLAS POINT DRIVE S UNIT 122 ST PETERSBURG FL
- SubdivisionVELVET CLOAKE CONDO
- CityST PETERSBURG
- CountyPinellas
- Zip Code33705
Subdivisions in ST PETERSBURG
Market Summary
Current real estate data for Condo in ST PETERSBURG as of Aug 30, 2026
930
Condo Listed
133
Avg DOM
353
Avg $ / SqFt
$527,849
Avg List Price
Property Summary
- Located in the VELVET CLOAKE CONDO subdivision, 650 PINELLAS POINT DRIVE S UNIT 122 ST PETERSBURG FL is a Condo for sale in ST PETERSBURG, FL, 33705. It is listed for $65,000 and features 1 beds, 1 baths, and has approximately 640 square feet of living space, and was originally constructed in 1967. The current price per square foot is $102. The average price per square foot for Condo listings in ST PETERSBURG is $353. The average listing price for Condo in ST PETERSBURG is $527,849. To schedule a showing of MLS#tb8535699 at 650 PINELLAS POINT DRIVE S UNIT 122 in ST PETERSBURG, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of LPT REALTY, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 650 PINELLAS POINT DRIVE S UNIT 122
ST PETERSBURG, FL