650 PINELLAS POINT DRIVE S UNIT 212, ST PETERSBURG, FL, 33705
Active2 days on marketListed Aug 12, 2026MLS #TB8538334
About this home
650 PINELLAS POINT DRIVE S UNIT 212
Welcome to waterfront living at Velvet Cloake, a scenic 55+ gated community on Tampa Bay offering stunning views of the Skyway Bridge and passing ships. Available now for a 12-month lease with move-in within 30 days, this second-floor 1-bedroom, 1-bathroom condo features tile flooring throughout and an updated kitchen with granite countertops. Residents enjoy access to a waterfront pool, barbecue and lounge areas, a manicured courtyard, a fishing pier, kayak storage and launch, and one assigned parking space, with water, sewer, and trash conveniently included in the rent. Located right off 4th Street, you are just minutes from Downtown St. Petersburg, 10 to 12 minutes from St. Pete Beach and The Don CeSar, and an easy 25-minute drive to Tampa International Airport via I-275. Please note that this is a non-smoking property and pets are not permitted. Standard approval requirements include a clean background, fair-to-good credit, and a gross monthly household income of at least three times the monthly rent. The application fee is $50 per adult, followed by a $100 administrative fee upon approval to reserve the unit (which is fully credited back toward your first month’s rent), with the security deposit due upon approval and the first month’s rent due prior to move-in.
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
650
Sqft
4.07 ac
Lot size
1967
Year built
One
Levels
$2
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.
$170 /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
$170/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
$2 vs $336
Days on market
2 vs 58 typical
Where $2/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)
228 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 100% 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 212
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’26$100,000
650 PINELLAS POINT DRIVE S UNIT 211 · same community
1 bd · 1 ba · 640 sqft · $156/sqft · 286 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
Sold · Oct ’25$130,000
650 PINELLAS POINT DRIVE S UNIT 216 · same community
2 bd · 1 ba · 775 sqft · $168/sqft · 145 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
Gavin Hatcher
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 650 PINELLAS POINT DRIVE S UNIT 212 — 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 212 — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Gavin's phone and CRM.
Straight answers
650 PINELLAS POINT DRIVE S UNIT 212 FAQs
What would the monthly payment be for 650 PINELLAS POINT DRIVE S UNIT 212?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $170/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 212?+
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 $1,400, 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 212?+
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 DEAN & DEWITT PROPERTIES · Bianca Pineda. MLS #TB8538334.
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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