Velvet Cloake
Condos for Sale in St Petersburg, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
As of September 2026, Velvet Cloake Condo in St Petersburg, FL has 3 homes for sale. Over the 12 months ending 2026-09-12, 6 recorded sales closed at a median of $114,250, $150 per square foot, a median 215 days on market, sellers accepting 78% of original asking. Homes listed or recently sold were built 1967–1967; none of the 10 geocoded homes sit in a FEMA special flood hazard zone (median elevation 7 ft). At the median price and Pinellas County's FY2025-26 rate of 19.39 mills, annual property tax runs about $2,210 ($1,400 with the full homestead exemption).
Homes For Sale Right Now in Velvet Cloake Condo
Live MLS inventory for Velvet Cloake Condo. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Velvet Cloake Condo listings as of 2026-09-17, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2013 through 2026. Tap any home to ask about it.
Velvet Cloake is a small, single-vintage condo community — all 18 units date to 1967, and the median unit runs about 650 square feet. At a median of $102,500, or roughly $125 per square foot, price here is driven far more by unit condition and interior updates than by any square-footage premium. When every floor plan is essentially the same era and footprint, what separates a strong sale from a slow one is the renovation story, not the address.
The posture right now favors patience on both sides. Median days on market sits north of 340 — this is not a place where listings turn quickly, and both buyers and sellers should plan around a long marketing runway. With only four closings in the window, a single sale moves the read, so treat any comp with skepticism and price to condition rather than to the last number that cleared.
Velvet Cloake Condo right now
🟡 Balanced market. 6.0 months of supply and 25% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Stellar MLS records, as of September 12, 2026. Confidence: Medium (4 active and pending listings, 6 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 19, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Velvet Cloake Condo market snapshot (as of September 12, 2026): the median sale price is about $114K ($150 per sq ft over the trailing 12 months of closed sales), a median 216 days on market for closed sales, and 6.0 months of supply, a balanced market.
In ZIP 33705 (St Petersburg), 441 homes closed in the last 12 months at a median of $459K ($315/sq ft), down 0.9% year over year, with a median 52 days on market. Right now 111 active and 21 pending listings put supply at about 5.0 months — a buyer's market. See the live ZIP 33705 housing market and the Pinellas County market.
Stellar MLS sales records identify 28 homes in Velvet Cloake Condo that have changed hands since 2004, built between 1967 and 1967 (median 1967), with a median living area of about 775 sq ft and a typical 1-bedroom, 1-bath layout; 100% are condominiums. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
A compact 1967-vintage condo building in St Petersburg where units are small, uniform in age, and priced around the low $100s — a market defined by slow turnover and condition-driven value.
The setting & the homes.
Aerial and on-site photos of Velvet Cloake Condo. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Photos from Stellar MLS listings in Velvet Cloake Condo; content deemed reliable but not guaranteed.
Who Velvet Cloake Condo is best for.
Best for
- Budget-conscious buyers targeting the low $100s who want a small, low-maintenance footprint
- Buyers comfortable with a long search-and-sale timeline and a patient closing horizon
- Value-seekers willing to renovate a dated 1967 unit and capture the condition spread
Probably not for
- Buyers needing significant square footage or multiple bedrooms
- Anyone who must sell quickly, given the slow turnover here
- Buyers who want a purchase without scrutinizing association reserves and rental rules
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($114K) IS the median in the snapshot above.
Windows contain 0 to 8 sales each (6 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2013 through 2026. Deemed reliable but not guaranteed.
17% of homes for sale in ZIP 33705 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-19).
Velvet Cloake Condo Market Scorecard
Velvet Cloake Condo is currently a buyer's market. About 6.0 months of supply, a median asking price of $115,000, and homes go under contract in about 20 days.
Typical home value in the 33705 ZIP is $336,944, about 4.6% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Velvet Cloake Condo, St Petersburg
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
Velvet Cloake Condo on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Pinellas County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Lakewood Elementary-PN · Elementary
- Bay Point Middle-PN · Middle
- Lakewood High-PN · High
Zoned schools reflect the assignments reported on recent Velvet Cloake Condo listings and can change; always confirm with Pinellas County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Velvet Cloake Condo address.
Shop the zone: Homes zoned for Lakewood High-Pn High School
Recent Developments in Velvet Cloake Condo
Development, infrastructure, retail, and school activity affecting Velvet Cloake Condo, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Infrastructure
St. Pete approves temporary downtown dock for Tampa Bay ferry
The St. Petersburg City Council approved a temporary ferry dock on Bayshore Boulevard near the Vinoy in downtown St. Petersburg under a three-year contract costing about 324,200 dollars. Hubbard's Marina will operate cross bay service between downtown St. Petersburg and the Tampa Convention Center, with two vessels running year round. Service is expected to begin in October or November.
What it may mean for the marketEstablishes a temporary downtown dock and cross bay ferry connection, adding a new transit option and waterfront infrastructure serving the downtown St. Petersburg market. The site is less than a mile southeast of Velvet Cloake Condo.
Source: FOX 13 Tampa Bay - July 2026Development
St. Pete advances housing plan for nine vacant city lots
The St. Petersburg City Council unanimously approved a first reading of an ordinance to place a measure on the November 3 ballot that would remove nine vacant city lots in Methodist Town from the city's Charter Park and Waterfront Map. The change would allow up to 41 units of affordable or workforce housing, with four lots planned for single family homes and five larger parcels for multifamily housing. The lots have held park designations since 1984 but have remained vacant.
What it may mean for the marketAdvances a plan to convert nine vacant city lots into new single family and multifamily housing, adding to local housing inventory. Placing the parcels on the ballot could open long dormant land for residential construction. The site is less than a mile southwest of Velvet Cloake Condo.
Source: St Pete Catalyst - July 2026Development
Blake-Related team selected to redevelop 86-acre Historic Gas Plant District
St. Petersburg selected a bid led by Blake Investment Partners, with the Related Group as co-developer, to redevelop the 86-acre Historic Gas Plant District at the Tropicana Field site. The roughly 8.1 billion dollar mixed use plan calls for more than 3,600 income-restricted residential units, a 13-acre central park, and office, retail, hotel and civic space over an estimated 20-year buildout. The developers plan to purchase about 58 acres while the city retains roughly one third.
What it may mean for the marketAdds a large mixed use district with thousands of new residential units, a central park, and office, retail, hotel and civic space to the downtown St. Petersburg market. Redevelopment of the Tropicana Field site reshapes the surrounding property landscape and expands housing supply. The site is about 1 mile southwest of Velvet Cloake Condo.
Source: Florida YIMBY
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Velvet Cloake Condo buying strategy.
If we were buying in Velvet Cloake Condo today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Velvet Cloake Condo.
One vintage, one footprint
With 18 homes all built in 1967 and a median living area near 650 square feet, Velvet Cloake is about as homogeneous as a condo community gets. That uniformity cuts both ways: it makes comparing units straightforward, but it also means the finishes, systems, and any updates inside a specific unit carry outsized weight on price. A thoughtfully renovated unit and a dated one occupy the same building and the same square footage — expect the spread between them to be wide.
Just over half the units carry a homestead exemption, which points to a mix of owner-occupied and non-owner-held units. For a buyer, that mix matters at the association level — ask directly about owner-occupancy rules, rental restrictions, reserves, and any pending assessments before you write. In a building of this age and size, the condo association's financial health is as material to your purchase as the unit itself.
The location and the amenities are priced into every listing in Velvet Cloake Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a thin, slow-moving market like this, the last comp can mislead you and a single stale listing can drag the whole read. We price and negotiate to condition, dig into the association's documents and reserves before you commit, and set realistic expectations on timeline — because with median days on market well past 340, the biggest mistake here is treating this like a fast market.
Velvet Cloake Condo in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $618/month (about $7,416/yr) · median of 7 MLS listings, most billed monthly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $618 per month ($7,416 a year) — the median AssociationFee across 7 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Velvet Cloake Condo buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Velvet Cloake Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Velvet Cloake Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Velvet Cloake Condo home worth?
Get a no-obligation home value based on real comparable sales in Velvet Cloake Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Velvet Cloake Condo on the map →
Frequently Asked Questions
What is the median home price in Velvet Cloake Condo?
How long do homes in Velvet Cloake Condo take to sell?
Is Velvet Cloake Condo a buyer's or seller's market right now?
Who is the best real estate agent for Velvet Cloake Condo?
How do I find a top St Petersburg real estate agent who knows Velvet Cloake Condo?
Can Momentum Realty connect me with an agent for Velvet Cloake Condo?
Where is Velvet Cloake, and what county is it in?
Is Velvet Cloake a good place to live?
Should you buy in Velvet Cloake Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 17, 2026) |
| Community market stats | Stellar MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2013 (36 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Velvet Cloake Condo fits the bigger picture — live prices, inventory, and Momentum Scores:
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