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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!
| DAYS ON MARKET | 78 | LAST UPDATED | 10/22/2025 |
|---|---|---|---|
| TRACT | VELVET CLOAKE CONDO | YEAR BUILT | 1967 |
| COMMUNITY | 33705 - St Pete | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| PRICE HISTORY | |
| Prior to Oct 22, '25 | $145,000 |
|---|---|
| Oct 22, '25 - Today | $140,000 |
| ADDITIONAL DETAILS | |
| ADULT COMMUNITY | Yes |
|---|---|
| AIR | Central Air |
| AIR CONDITIONING | Yes |
| AMENITIES | Cable TV, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water |
| APPLIANCES | Dishwasher, Microwave, Range, Refrigerator |
| AREA | 33705 - St Pete |
| CONSTRUCTION | Block |
| EXTERIOR | Outdoor Grill, Storage |
| HEAT | Central, Electric |
| INTERIOR | Open Floorplan |
| LOT | 4.07 acre(s) |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | VELVET CLOAKE CONDO |
| TAXES | 2507 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Garden, Pool, Water |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Anton Kozub, KELLER WILLIAMS ST PETE REALTY, 727-894-1600
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/19/25 7:39 PM PST.
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