# 650 PINELLAS POINT DRIVE S, ST PETERSBURG, FL 33705

> **TL;DR:** 1bd/1ba condo, $70,000 ($109/sqft), built 1967, 640 sqft. Est. $303/mo. Listed 15 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $70,000 |
| Price/sqft | $109 |
| Bedrooms | 1 |
| Bathrooms | 1 full |
| Square Feet | 640 |
| Year Built | 1967 |
| Lot Size | 177,289 sqft (4.07 acres) |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 15 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $303 |
| **Total** | **$303** |

## Property Highlights

- Built in 1967
- 4.07 acre lot

## Description

### Agent 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.

## Location

- **Address:** 650 PINELLAS POINT DRIVE S, ST PETERSBURG, FL 33705
- **County:** Pinellas
- **Neighborhood:** VELVET CLOAKE CONDO
- **Coordinates:** 27.704091, -82.642054
- **Google Maps:** https://www.google.com/maps?q=27.704091,-82.642054

## Listing Agent

- **Name:** Carolina Aguiar
- **Brokerage:** EXP REALTY LLC
- **Phone:** 8134015196
- **Email:** caguiarrealtor@gmail.com

## Primary Photo

![650 PINELLAS POINT DRIVE S - Primary Photo](http://lh.rdcpix.com/f970f1880d74c8025c9d6e39bfb17775l-f3220561977r.jpg)

*20 total photos available on [listing page](https://www.propertysimple.com/listing/650-pinellas-point-drive-s-st-petersburg-fl-33705-b8490784)*

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**MLS#:** TB8490784 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/650-pinellas-point-drive-s-st-petersburg-fl-33705-b8490784)

---

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  "name": "650 PINELLAS POINT DRIVE S, ST PETERSBURG, FL 33705",
  "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.\r\nWhat truly makes this property stand out ",
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