Residential Property - Condominium in St Petersburg
Listing Price: $70,000 (Mortgage Calculator →)
Description of Property
Investor Special in highly desirable Velvet Cloake, a tranquil 55+ waterfront community along the shores of Tampa Bay! This 1-bedroom, 1-bath condo offers an incredible opportunity to renovate and add value in one of St. Petersburg’s most peaceful yet centrally located areas. Inside, the unit is a blank canvas ready for transformation. With the right vision, this property has strong potential as a seasonal getaway, long-term hold, or resale opportunity. What truly makes this property stand out is the lifestyle and location. Velvet Cloake is a hidden gem waterfront community offering resort-style amenities, including a heated pool, clubhouse with full kitchen, shuffleboard courts, grilling areas, and beautifully maintained grounds. Enjoy direct access to Tampa Bay with a fishing pier, kayak and paddleboard launch, and scenic walking paths perfect for soaking in the Florida sunshine. Located just minutes from Downtown St. Petersburg, you’ll have easy access to top-rated restaurants, museums, shopping, and the St. Pete Pier, along with a short drive to the Gulf beaches. Quick access to I-275 makes commuting to Tampa and the surrounding areas effortless. Opportunities like this are rare. Whether you’re looking to renovate and resell or hold as an investment, this is your chance to secure a property with significant upside potential in an unbeatable location.
Bedrooms: 1
Bathrooms: 1
Sq. Ft. Gross: 640
Garage: No
Carport: No
Community Pool: Yes
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: $109
Year built: 1967
Annual Tax: $2,417
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: Concrete
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features: None
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Other
Sewer: Public Sewer
Water Source: Public
Community Features: Pool
Lot Information
Lot Size (acres): 4.07
Lot Size (sq. ft.): 177,244 square feet
Front Exposure: West
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 183217938390021220
Senior Community: Yes
Pets Allowed/Pet Policies: No
Tax Legal Desc.: VELVET CLOAKE CONDO EAST BLDG, UNIT 122
Section: 18
Range: 17
Listing courtesy of EXP REALTY LLC. 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.