650 PINELLAS POINT DRIVE S UNIT 216, ST PETERSBURG, FL, 33705
Active74 days on marketListed Jun 1, 2026MLS #TB8509795
About this home
650 PINELLAS POINT DRIVE S UNIT 216
UTILITIES INCLUDED EXCEPT ELECTRIC! Enjoy waterfront living in the gated 55+ community of Velvet Cloake Condominiums at Pinellas Point. This beautiful two bedroom 1 bathroom condo has been fully remodeled and offers peaceful water views, private dock access, kayak storage, and fishing pier access. Residents enjoy a remodeled heated pool area, shuffleboard courts, outdoor grilling stations, beautifully maintained grounds, and direct waterfront access that is perfect for kayaking, paddleboarding, or relaxing by the bay. Conveniently located next to Bay Vista Park and just minutes to downtown St. Petersburg, Gulf beaches, the Skyway Bridge, restaurants, shopping, and waterfront trails. The laundry room is located steps away on the same floor which also has extra storage. 55+ community Please apply through RentSpree.
Facts & features
The home at a glance
2
Bedrooms
1
Bathrooms
775
Sqft
4.07 ac
Lot size
1967
Year built
One
Levels
$3
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Principal and interest plus estimated taxes and insurance. Run your own numbers below.
$175 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$175/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs St Petersburg actives
$3 vs $336
Days on market
74 vs 58 typical
Where $3/sqft sits among the 400 St Petersburg actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Greater Pinellas Point
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know St Petersburg. See the full St Petersburg guide →
Greater Pinellas Point — neighborhood snapshot
Population
17,370
Median age
45
Median income
$64,146
Median home value
$299,751
Avg household
2
Households w/ children
1,896
For the school run
Pinellas County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The St Petersburg market
$380K → $402K
St Petersburg median sold, yr/yr
95.8%
Sale-to-list ratio (12 mo)
227 of 400
St Petersburg actives have cut their price
Median sold price, St Petersburg, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 99% below the ST PETERSBURG 33705 median. See the full St Petersburg market guide →
Paper trail
This home's history
Reality check
What actually sold near 650 PINELLAS POINT DRIVE S UNIT 216
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$130,000
650 PINELLAS POINT DRIVE S UNIT 216 · same community
2 bd · 1 ba · 775 sqft · $168/sqft · 145 DOM
Sold · Feb ’26$75,000
650 PINELLAS POINT DRIVE S UNIT 128 · same community
1 bd · 1 ba · 780 sqft · $96/sqft · 605 DOM
Sold · Jan ’26$67,500
650 PINELLAS POINT DRIVE S UNIT 231 · same community
1 bd · 1 ba · 725 sqft · $93/sqft · 544 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Dan Schriver
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 650 PINELLAS POINT DRIVE S UNIT 216 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 650 PINELLAS POINT DRIVE S UNIT 216 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Dan's phone and CRM.
Straight answers
650 PINELLAS POINT DRIVE S UNIT 216 FAQs
What would the monthly payment be for 650 PINELLAS POINT DRIVE S UNIT 216?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $175/mo — principal and interest, estimated property taxes and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
Are pets allowed at 650 PINELLAS POINT DRIVE S UNIT 216?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in St Petersburg?+
At $2,100, this home is listed about 100% below the St Petersburg median of $435,000. The market section on this page shows how the area is trending.
Which schools are assigned to 650 PINELLAS POINT DRIVE S UNIT 216?+
Maximo Elementary School (elementary), Bay Point Middle School (middle), Lakewood High School (high) — Pinellas County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of REAL BROKER, LLC · Olivia Bent. MLS #TB8509795.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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