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$1,199,000

1240 DOLPHIN BAY WAY UNIT 401, SARASOTA, FL 34242

Active222 days on market

Beds

Baths

Sq Ft

2,200 sq ft

Year Built

1998

Lot Size

1.40 acres

Garage

About This Property

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.

Property Overview

Property TypeResidential

Sub TypeCondominium

MLS #A4658380

StatusActive

Year Built1998

Stories5

Total Rooms3

ConstructionBlock, Concrete, Stucco

RoofMembrane, Metal

FoundationSlab

FacesNorthwest

SubdivisionDOLPHIN BAY

CountySarasota

OwnershipCondominium

Interior Features

InteriorCeiling Fan(s), Crown Molding, Eating Space In Kitchen, Living Room/Dining Room Combo, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments

FlooringCeramic Tile, Luxury Vinyl

AppliancesBuilt-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Washer, Wine Refrigerator

LaundryInside, Laundry Room

WindowsBlinds

CoolingCentral Air

HeatingCentral, Electric

SecurityFire Alarm, Fire Sprinkler System, Gated Community, Security Gate, Security Lights, Smoke Detector(s)

Exterior & Lot

ExteriorBalcony, Irrigation System, Lighting

Other StructuresTennis Court(s)

Lot Size1.40 acres (60,926 sq ft)

Road SurfaceAsphalt

ViewTennis Court, Water

Pool & Spa

Private PoolNo

Pool FeaturesHeated

SpaHeated

Waterfront

WaterfrontYes

FeaturesBay/Harbor

Utilities

WaterPublic

SewerPublic Sewer

UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Sprinkler Well, Street Lights, Water Connected

Parking

GarageYes (1 spaces)

HOA & Community

HOAYes

Senior CommunityNo

Financial Details

List Price$1,199,000

Original Price$1,375,000

Annual Taxes$12,546 (2025)

FinancingCash, Conventional

ZoningRMF3

Parcel #0105131145

Schools

ElementaryPhillippi Shores Elementary

MiddleBrookside Middle

HighSarasota High

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.

Location

1240 DOLPHIN BAY WAY UNIT 401, SARASOTA, FL 34242

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY

ListedDecember 2, 2025

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Home Price

$1,199,000

Down Payment20% ($239,800)

Interest Rate6.75%

Loan Term

Principal & Interest$6,221

Property Tax (est.)$1,099

Insurance (est.)$150

Total Monthly$7,470

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Nearby Schools

Elementary School

Phillippi Shores Elementary

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Middle School

Brookside Middle

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High School

Sarasota High

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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. Data last updated: July 12, 2026.