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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: 0
Active listings for sale: 10
Building inventory for sale: 10%
Number of sales over the last 12 months: 7
Number of sales over the last 6 months: 2
Number of sales over the last 3 months: 0
Avg. time to close over last 12 months: 42 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

Recent Sales

Unit # Size Closing Date Sale Price PPSF
139 650 sq ft Jan 2024 $175,000 $269
124 640 sq ft Dec 2023 $189,000 $295
111 650 sq ft Oct 2023 $153,000 $235
241 915 sq ft Jul 2023 $400,000 $437
235 915 sq ft Jul 2023 $345,000 $377
207 650 sq ft Jul 2023 $162,500 $250

Market Information

Building vs Area

Velvet Cloake: $228/sq. ft.
St Petersburg: $401/sq. ft.

Area vs City

St Petersburg $401/sq. ft.
Pinellas $417/sq. ft.

Inventory for sale

St Petersburg: 4%
Pinellas: 3%

Avg. time to close over last 12 months

Velvet Cloake 42 days
St Petersburg: 65 days
Pinellas: 60 days