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ActiveGATEDWATERFRONTNO CDD
$1,199,000
$545/sqft13% reduced
HOA: $5,955/quTaxes: $12,546/yr189d on market

Dolphin Bay

1240 DOLPHIN BAY WAY #401, SARASOTA, FL, 34242

View all homes for sale in Dolphin Bay
3 Beds|3 Baths|2,200 Sq Ft|Built 1998|1 Car Garage
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💡 Price recently reduced — this could be a great opportunity to negotiate.

Waterfront & Dock
Waterfront
Bay/harbor
Water Frontage
50 ft
Water Body
LITTLE SARASOTA BAY
Dock
Yes
Dimensions
0x0
Description
Dock - Composite, Dock W/electric, Dock W/water Supply
C2C

Coast 2 Coast Home Realty

Licensed Florida Realtors

4.9· 214 reviews

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Buyer Insights

Here's what we know about this listing.

Why this home stands out

  • Price reduced 13% ($176,000 off original)
  • 189+ days on market — seller may be motivated
  • Updated today

Buyer Insights are informational only — always verify with your agent.

Huge Price Reduction!!! Fourth-floor end unit offering breathtaking views of the intracoastal waterway, featuring three spacious bedrooms and three full ensuite baths. Newly installed luxury vinyl plank flooring graces the entire unit. The expansive glassed lanai boasts recently replaced sliding doors, complete with accordion shutters on the inner doors and impact-resistant glass on the outer ones. The kitchen has been thoughtfully opened up and reconfigured for optimal enjoyment. The living and dining areas are bright and roomy. Dolphin Bay is a sought-after, gated, pet-friendly community with only 50 units, each having its own private underbuilding garage, and well-known for its vibrant atmosphere. Amenities include three Har-Tru tennis courts, an active clubhouse, fitness center, pool and spa, day dock, fishing pier, and kayak access. The complex is well-maintained, with a freshly updated exterior and new elevators in 2024, set amidst beautifully landscaped grounds. Just a short stroll to the world-renowned, white crystal sands of Siesta Key beach. Condo fees at Dolphin Bay are being lowered in 2026.

Subdivision
DOLPHIN BAY
County
Sarasota
Zip Code
34242

School Report Card

Source: FL Dept. of Education

ABCDF
Elementary
Middle
High
Type
Condominium
Living Area
2,200 sqft
Construction
Block, Concrete, Stucco
Roof
Membrane, Metal
Flooring
Ceramic Tile, Luxury Vinyl
Pool
No
HOA
$5,955 / Quarterly
  • Ceiling Fans(s)
  • Crown Molding
  • Eat-in Kitchen
  • Living Room/dining Room Combo
  • Split Bedroom
  • Stone Counters
  • Walk-in Closet(s)
  • Window Treatments
  • Balcony
  • Lighting
  • Built-in Oven
  • Cooktop
  • Dishwasher
  • Disposal
  • Dryer
  • Exhaust Fan
  • Microwave
  • Refrigerator
  • Washer
  • Wine Refrigerator
  • Inside
  • Laundry Room
  • Covered
  • Enclosed
  • Front Porch
  • Patio
  • Rear Porch
  • Screened
  • Bb/hs Internet Available
  • Cable Connected
  • Electricity Connected
  • Fire Hydrant
  • Public
  • Sewer Connected
  • Sprinkler Well
  • Water Connected
  • Association Recreation - Owned
  • Buyer Approval Required
  • Clubhouse
  • Community Mailbox
  • Fitness Center
  • Gated Community - No Guard
  • Pool
  • Sidewalks
  • Tennis Court(s)
  • Street Lights
  • Clubhouse
  • Elevators
  • Fitness Center
  • Gated
  • Pool
  • Recreation Facilities
  • Spa/hot Tub
  • Tennis Court(s)
  • Common Area Taxes
  • Pool
  • Escrow Reserves Fund
  • Insurance
  • Maintenance Structure
  • Maintenance Grounds
  • Management
  • Pest Control
  • Private Road
  • Recreational Facilities
  • Sewer
  • Trash
  • Tennis Court(s)
Bedrooms
3
Bathrooms
3
Year Built
1998
Construction
Block, Concrete, Stucco
Flooring
Ceramic Tile, Luxury Vinyl
Roof
Membrane, Metal
Garage Spaces
1
Cooling
Central Air
Heating
Central, Electric
Waterfront
Yes
Pet Restrictions
Size Limit, Yes
Lot Size
1.4 acres
Senior Community
No
Building Elevator
Yes
Pet Size
Medium (36-60 Lbs.)
# of Pets
1
Max Pet Weight
45 lbs
Tax Year
2025
Annual Tax Amount
$12,546

Association Fees

  • HOA Fee

    Elise Angeloro

    $5,955/ Quarterly

Down Payment20% — $239,800
Interest Rate6.50%
Loan Term
Est. Mortgage
$6,063
HOA Fee
$1,985
Est. Property Tax
$1,046
Est. Insurance
$400
Total Est. Monthly Cost$9,493

* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.

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