Residential Property - Condominium in St Petersburg
Listing Price: $140,000 (Mortgage Calculator →)
Description of Property
Perfect second home or investment opportunity with ~8% cap rate! Welcome to your serene retreat in Velvet Cloake, a tranquil 55+ waterfront community along the shores of Tampa Bay. Perfectly located just minutes from vibrant Downtown St. Petersburg and the Gulf beaches, this hidden gem offers the ideal balance of peaceful living and convenient access to everything the Florida lifestyle provides. This beautifully renovated 1-bedroom, 1-bath condo has been updated from top to bottom and can be sold fully furnished, making it truly turnkey. The open floor plan offers a spacious living area and a modern chef’s kitchen with abundant countertop space, a peninsula for extra seating, and sleek quartz countertops. The bedroom includes a versatile walk-in closet that can serve as storage or be customized to your needs, plus the unit comes with an additional storage space. The bathroom has been completely redone with a stunning new vanity and contemporary finishes. A brand-new roof installed in 2023 adds lasting peace of mind. Velvet Cloake residents enjoy resort-style amenities in a private, waterfront setting. Relax year-round at the heated pool, host gatherings in the clubhouse with a full kitchen, or cook outdoors at the grill stations. Launch your kayak or paddleboard from the community racks and lift, fish from the pier with water and electric, or enjoy a game on the shuffleboard courts. Scenic walking paths and beautifully maintained grounds complete the picture. Whether you’re seeking a permanent residence or a seasonal escape, this inviting condo delivers comfort, convenience, and charm. Schedule your private showing today!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: St Petersburg
County: Pinellas
Subdivision: Velvet Cloake Condo
Bedrooms: 1
Bathrooms: 1
Sq. Ft. Gross: 640
Sq. Ft. Living Area: 640
Cost per (heated) sqare foot: $219
Year built: 1967
Annual Tax: $2,507
Condo Fee: $618 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- Water
Appliances: Refrigerator
Flooring: Luxury Vinyl
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features: Storage
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View: Water
Fencing:
Sewer: Public Sewer
Water Source: Public
Community Features: Buyer Approval Required
Lot Information
Lot Size (acres): 4.07
Lot Size (sq. ft.): 177,244 square feet
Front Exposure: South
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 183217938390012110
Senior Community: Yes
Pets Allowed/Pet Policies: No
Tax Legal Desc.: VELVET CLOAKE CONDO NORTH BLDG, UNIT 211
Section: 18
Range: 17
Listing courtesy of KELLER WILLIAMS ST PETE REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.