INVESTOR OPPORTUNITY in a waterfront 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!
Coming soon
$65,000
650 PINELLAS POINT DRIVE S #122, ST PETERSBURG, FL 33705
1beds
640sqft
:
Get pre-qualified$1,105/mo
Condominium
Built in 1967
-- sqft lot
$-- Zestimate®
$102/sqft
$630/mo HOA
What's special
- 7 hours |
- 100 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Keegan Siegfried 813-670-7226,
LPT REALTY, LLC 877-366-2213,
Diana Shelton 813-785-6822,
LPT REALTY, LLC
Source: Stellar MLS,MLS#: TB8535699
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
- Laundry: Other
Features
- Primary Bedroom Main Floor
- Flooring: Carpet, Concrete
- Has fireplace: No
Interior area
- Total structure area: 640
- Total interior livable area: 640 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Exterior features: None
Lot
- Size: 4.07 Acres
Details
- Parcel number: 183217938390021220
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Features: Gated Community - No Guard, Pool
- Pet fee: $0 monthly
- Senior community: Yes
- Subdivision: VELVET CLOAKE CONDO
HOA
- Has HOA: Yes
- Services included: Cable TV, Community Pool, Reserve Fund, Insurance, Internet, Pool Maintenance
- HOA fee: $630 monthly
- HOA name: Sarah Harwood Sykes
- HOA phone: 727-573-9300
Location
- Region: Saint Petersburg
Financial & listing details
- Price per square foot: $102/sqft
- Tax assessed value: $132,653
- Annual tax amount: $2,417
- Date on market: 8/10/2026
- Listing terms: Cash
- Ownership: Condominium
- Total actual rent: 0
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,626/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Listing removed | $70,000$109/sqft |
Source:  Stellar MLS #TB8490784 Report a problem | ||
| 3/26/2026 | Listed for sale | $70,000-11.4%$109/sqft |
Source: eXp Realty #TB8490784 Report a problem | ||
| 5/4/2011 | Listing removed | $79,000$123/sqft |
Source: wave realty #7489482 Report a problem | ||
| 11/13/2010 | Listed for sale | $79,000+154.8%$123/sqft |
Source: wave realty #7489482 Report a problem | ||
| 2/16/2001 | Sold | $31,000$48/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,417 +3.7% | $116,103 +10% |
| 2024 | $2,330 +7.9% | $105,548 +10% |
| 2023 | $2,161 +11.3% | $95,953 +10% |
| 2022 | $1,942 +8.7% | $87,230 +10% |
| 2021 | $1,787 +14.1% | $79,300 +10% |
| 2020 | $1,566 +5.4% | $72,091 +10% |
| 2019 | $1,485 | $65,537 -8.4% |
| 2018 | $1,485 +8.1% | $71,568 +5.7% |
| 2017 | $1,374 +25.1% | $67,696 +37.5% |
| 2016 | $1,099 +3.1% | $49,239 +5.2% |
| 2015 | $1,066 +0.4% | $46,792 +0.8% |
| 2014 | $1,062 +2.3% | $46,413 +3.3% |
| 2013 | $1,038 +6.6% | $44,920 +6.5% |
| 2012 | $974 | $42,160 -12.5% |
| 2011 | -- | $48,195 -18.7% |
| 2010 | -- | $59,304 -18.9% |
| 2009 | -- | $73,164 -1.1% |
| 2008 | $1,594 | $74,000 -3.6% |
| 2007 | -- | $76,800 +14.8% |
| 2005 | -- | $66,900 +54.1% |
| 2004 | $1,055 +8% | $43,400 +8.5% |
| 2003 | $977 +31.6% | $40,000 +16.6% |
| 2002 | $742 | $34,300 +14.3% |
| 2001 | $742 +4.7% | $30,000 +4.9% |
| 2000 | $709 | $28,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Greater Pinellas Point
Nearby schools
GreatSchools rating
- 4/10Lakewood Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 4/10Bay Point Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Lakewood High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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