$1,199,000
1240 Dolphin Bay Way
Sarasota, FL 34242
Listing updated: June 7, 2026 at 4:05 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage space
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history187 days on market
- Status: ActiveDec 2, 2025
- Listed$1,375,000Dec 2, 2025
- Price reduced$1,199,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 187
- Subdivision
- Dolphin Bay
- County
- Sarasota
- Year built
- 1998
- Living area
- 2,200 sq ft
- Price/sq ft
- $545
- Building area
- 2,724 sq ft (Public Records)
- Lot size
- 60,926 sq ft
- Flood zone
- AE (12115C0143G)
- Garage
- 1 spaces
- Annual taxes
- $12,546 (2025)
- Parcel #
- 0105131145
- Zoning
- RMF3
- MLS #
- A4658380
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 3
- Flooring
- Ceramic Tile, Luxury Vinyl
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Washer, Wine Refrigerator
- Interior features
- Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Living Room/Dining Room Combo, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- Northwest
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 1
- Attached garage
- Yes
- Parking features
- Covered, Curb Parking, Garage Door Opener, Ground Level, Guest, Open, Basement
HOA & Financial
- Total monthly fees
- $1,985/mo
- Total annual fees
- $23,820
- HOA name
- Elise Angeloro
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- 3 Months
- Listing terms
- Cash, Conventional
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Refer to HOA
- Approval process
- Refer to HOA.
Exterior & Construction
- Exterior features
- Balcony, Lighting
- Construction materials
- Block, Concrete, Stucco
- Roof
- Membrane, Metal
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Sprinkler Well, Water Connected
Community
- Pets allowed
- Size Limit, Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | |
| Great Room | First | |
| Primary Bedroom | First |
Listing Details
- Listing date
- 2025-08-14
- On market date
- 2025-12-02
- Original list price
- $1,375,000
- Occupant type
- Owner
- MLS area
- 34242 - Sarasota/Crescent Beach/Siesta Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2025-12-02
- Tax legal description
- UNIT 401 DOLPHIN BAY-SIESTA KEY SEC C
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Stickney Point South bridge turn North onto Midnight Pass Rd. Dolphin Bay is on east side of street (bay side). Just before Beach Road. 1240 is the first building.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 7, 2026 at 4:05 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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