$60,000
About this home
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
- MLS
- Stellar MLS
- MLS #
- MFRTB8535699
- Property type
- Condominium
- Subdivision
- VELVET CLOAKE CONDO
- Status
- Active
- Days on market
- 47
- On market date
- August 11, 2026
- Stories
- N/A
- Total bathrooms
- 1
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 4.07 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 591
- Student:teacher ratio
- 13.7:1
- District
- PINELLAS
- Enrollment
- 796
- Student:teacher ratio
- 18.5:1
- District
- PINELLAS
- Enrollment
- 936
- Student:teacher ratio
- 18.0:1
- District
- PINELLAS
Walkability
Blended score for ST PETERSBURG's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in ST PETERSBURG, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 25 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.