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Built in 1967 - 91 units - 2 floors

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Building Information

Velvet Cloake

Number of units: 91
Active listings for rent: 2
Active listings for sale: 12
Building inventory for sale: 13%
Number of sales over the last 12 months: 2
Number of sales over the last 6 months: 2
Number of sales over the last 3 months: 2
Avg. time to close over last 12 months: 99 days

Address

650 Pinellas Point Dr S, St Petersburg, Pinellas, FL, 33705

Velvet Cloak Condominiums
Address: 650 Pinellas Point Dr S,
St. Petersburg, FL 33705

Link: https://

Recent Sales

Unit # Size Closing Date Sale Price PPSF
218 915 sq ft Nov 2025 $140,000 $153
216 775 sq ft Oct 2025 $130,000 $168

Market Information

Building vs Area

Velvet Cloake: $152/sq. ft.
St Petersburg: $376/sq. ft.

Area vs City

St Petersburg $376/sq. ft.
Pinellas $390/sq. ft.

Inventory for sale

St Petersburg: 8%
Pinellas: 7%

Avg. time to close over last 12 months

Velvet Cloake 99 days
St Petersburg: 94 days
Pinellas: 98 days