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!

Carport Yn No Construction Materials Block Direction Faces West Exterior Features None Foundation Details Slab Pool Private Yn No Road Surface Type Asphalt Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Yn No

Appliances DishwasherMicrowaveRangeRefrigerator Building Area Total 640 Building Elevator Yn No Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring CarpetConcrete Furnished Unfurnished Heating Other Heating YN Yes Interior Features Primary Bedroom Main Floor Laundry Features Other Levels One Rooms Kitchen Living Room Dining Room Primary Bedroom (Built-in Closet) Primary Bathroom Sewer Public Sewer Stories Total 2 Water Source Public

Additional Lease Restrictions Buyer and Buyer's agent to verify leasing restrictions and HOA requirements directly with the HOA Additional Parcels YN No Approval Process Buyer and Buyer's agent to verify leasing restrictions and HOA requirements directly with the HOA Association Approval Required Yn Yes Association Fee Frequency Monthly Association Fee Includes Cable TVCommunity PoolEscrow Reserves FundInsuranceInternetMaintenance GroundsPool Maintenance Association Fee Requirement Required Association Montly Maint Amt Add To Hoa 0 Association Yn Yes Building Name Number VELVET CLOAKE CONDO NORTH BLD Cdd Yn No Community Features Gated Community - No GuardPool Condo Fee Monthly Amount 630 Condo Fees 630 Condo Fees Term Monthly Condo Land Included Yn No Down Payment Resource Yes Flood Zone Code AE Floor Number 1 Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN Yes Listing Terms Cash Minimum Lease 1 Month New Construction Yn No Occupant Type Vacant Ownership Condominium Pets Allowed No Property Sub Type Condominium Senior Community Yn Yes Special Listing Conditions None Tax Annual Amount 2417 Total Annual Fees 7560 Total Monthly Fees 630 Utilities Public Yrs Of Owner Prior To Leasing Re Yes

Listing information © 2026 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of LPT REALTY, LLC: 877-366-2213.

© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-10-12T23:42:47.36.

Date	Days Ago	Event	New Price
Sep 27, 2026	15 days ago	Price Reduced : $-5,000 (-7.69%)	$60,000
Aug 10, 2026	63 days ago	New on market	$65,000

650 Pinellas Point Drive S , #122

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650 Pinellas Point Drive S , #122 St Petersburg, FL 33705

Property Description

Carport Yn	No
Construction Materials	Block
Direction Faces	West
Exterior Features	None
Foundation Details	Slab
Pool Private Yn	No
Road Surface Type	Asphalt
Roof	Shingle
Water Access Yn	No
Water Extras Yn	No
Water View Yn	No
Waterfront Yn	No

Appliances	Dishwasher Microwave Range Refrigerator
Building Area Total	640
Building Elevator Yn	No
Cooling	Central Air
Cooling YN	Yes
Fireplace Yn	No
Flooring	Carpet Concrete
Furnished	Unfurnished
Heating	Other
Heating YN	Yes
Interior Features	Primary Bedroom Main Floor
Laundry Features	Other
Levels	One
Rooms	Kitchen Living Room Dining Room Primary Bedroom (Built-in Closet) Primary Bathroom
Sewer	Public Sewer
Stories Total	2
Water Source	Public

Additional Lease Restrictions	Buyer and Buyer's agent to verify leasing restrictions and HOA requirements directly with the HOA
Additional Parcels YN	No
Approval Process	Buyer and Buyer's agent to verify leasing restrictions and HOA requirements directly with the HOA
Association Approval Required Yn	Yes
Association Fee Frequency	Monthly
Association Fee Includes	Cable TV Community Pool Escrow Reserves Fund Insurance Internet Maintenance Grounds Pool Maintenance
Association Fee Requirement	Required
Association Montly Maint Amt Add To Hoa	0
Association Yn	Yes
Building Name Number	VELVET CLOAKE CONDO NORTH BLD
Cdd Yn	No
Community Features	Gated Community - No Guard Pool
Condo Fee Monthly Amount	630
Condo Fees	630
Condo Fees Term	Monthly
Condo Land Included Yn	No
Down Payment Resource	Yes
Flood Zone Code	AE
Floor Number	1
Garage Yn	No
Homestead Yn	No
Lease Considered YN	Yes
Lease Restrictions YN	Yes
Listing Terms	Cash
Minimum Lease	1 Month
New Construction Yn	No
Occupant Type	Vacant
Ownership	Condominium
Pets Allowed	No
Property Sub Type	Condominium
Senior Community Yn	Yes
Special Listing Conditions	None
Tax Annual Amount	2417
Total Annual Fees	7560
Total Monthly Fees	630
Utilities	Public
Yrs Of Owner Prior To Leasing Re	Yes