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$115,000

650 PINELLAS POINT DRIVE S UNIT #205, ST PETERSBURG, FL 33705

3D Tour

Active69 days on market

Beds

Baths

Sq Ft

640 sq ft

Year Built

1967

Lot Size

4.07 acres

Garage

—

About This Property

Located in the 55+ waterfront community of Velvet Cloake along Tampa Bay, this 1-bedroom, 1-bath condo offers comfortable living in a peaceful setting just minutes from Downtown St. Petersburg and the Gulf beaches. The unit provides many improvements in 2021, including new central A/C, new windows, and a new water heater. The bathroom has been tastefully renovated with updated finishes and fixtures, creating a clean, modern feel. The layout offers a functional living and dining space, a spacious bedroom with ample closet storage, and additional dedicated storage included with the unit. Community laundry facilities are conveniently located nearby for easy access. Residents of Velvet Cloake enjoy a heated pool, clubhouse with kitchen, waterfront seating areas, fishing pier with water and electric, kayak storage and launch access, shuffleboard courts, and beautifully maintained grounds. An ideal option for year-round living or a seasonal residence in a well-kept waterfront community.

Property Overview

Property TypeResidential

Sub TypeCondominium

MLS #TB8478366

StatusActive

Year Built1967

Stories2

Total Rooms4

ConstructionBlock

RoofShingle

FoundationSlab

FacesEast

SubdivisionVELVET CLOAKE CONDO

CountyPinellas

OwnershipCondominium

Interior Features

InteriorCeiling Fan(s), Open Floorplan, Window Treatments

FlooringLuxury Vinyl

AppliancesDishwasher, Disposal, Microwave, Range, Refrigerator

LaundryCommon Area

WindowsWindow Treatments

CoolingCentral Air

HeatingCentral

SecurityGated Community

Exterior & Lot

ExteriorIrrigation System, Outdoor Grill, Sidewalk, Storage

Lot Size4.07 acres (177,244 sq ft)

Lot FeaturesFlood Insurance Required, FloodZone, Sidewalk

Road SurfaceAsphalt

ViewGarden, Pool, Water

Utilities

WaterPublic

SewerPublic Sewer

UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Parking

GarageNo

HOA & Community

HOAYes

Senior CommunityYes

Financial Details

List Price$115,000

Original Price$129,000

Annual Taxes$1,701 (2025)

FinancingCash, Conventional

Parcel #183217938390012050

Directions

Head south on 9th St S/Dr. M.L.K. Jr St S - Turn left onto Pinellas Point Dr S - Destination will be on the Right

Location

650 PINELLAS POINT DRIVE S UNIT #205, ST PETERSBURG, FL 33705

Listing Information

OfficeREAL BROKER, LLC

ListedFebruary 23, 2026

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Home Price

$115,000

Down Payment20% ($23,000)

Interest Rate6.75%

Loan Term

Principal & Interest$597

Property Tax (est.)$105

Insurance (est.)$150

Total Monthly$852

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How to Buy This Home

Multiple financing options available for this $115,000 home in ST PETERSBURG.

🏦

Conventional

$5,750 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Pinellas County SHIP

Varies

Income-qualifying Pinellas residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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. Data last updated: May 3, 2026.