NOT LISTED FOR SALE

Dolphin Bay Club 1240 Dolphin Bay Way Unit 501 Sarasota, FL 34242

Estimated Value: $1,307,000 - $1,466,000

3 Beds
2.5 Baths
2,200 Sq Ft
$598/mo HOA Fee

Last Sold December 28, 2012

Last sale price $705,000 $320 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $9,055/month

13 Days on Market

Highlights

  • 220 Feet of Waterfront
  • Access To Intracoastal Waterway
  • Oak Trees
  • Phillippi Shores Elementary School Rated A
  • Fitness Center
  • Intracoastal View

About This Home

As of December 2012

DOLPHIN BAY-SIESTA KEY Key 3 BEDROOM 2 1/2 BATH PENTHOUSE END UNIT. This is one of only five 3 bedroom penthouse end units in prestigious Dolphin Bay Condominium. It has plenty of sunlight and panoramic views of Little Sarasota Bay from living room, master bedroom and lanai and a view of downtown Sarasota from the private entry porch. Only the penthouse units have the higher ceilings thruout with cathedral ceilings in the dining/living room, and lanai and vaulted ceiling in master bedroom. Glass enclosed Lanai. Private entry porch & enclosed 2 car garage a rarity in Siesta Key condos. Impact-resistant windows comply with current hurricane code. Dolphin Bay has immaculate grounds, 3 Har-tru (clay) tennis courts, a recently renovated Key West-style Clubhouse & Exercise Facility, and is just steps away from the #1 rated Siesta Beach with its snow-white quartz sands and crystal clear waters of the Gulf of Mexico. Along the bay-front is a private walk-way leading to the fishing pier/day dock located on Little Sarasota Bay and Intra- Coastal Waterway. The well-groomed grounds and well-kept buildings and facilities are reflective of the pride of the residents. The reserves for replacement/renovation of common area elements are fully funded and the Association is financially solvent and within budget.. THIS UNIT IS A CONDO THAT FEELS LIKE A HOME HERE IN PARADISE.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,328

Year Built

  • Built in 1998

Lot Details

  • End Unit
  • North Facing Home
  • Mature Landscaping
  • Oak Trees

HOA Fees

  • $598 Monthly HOA Fees

Parking

  • Subterranean Parking
  • Garage Door Opener
  • On-Street Parking
  • Open Parking

Property Views

Home Design

  • Florida Architecture
  • Key West Architecture
  • Slab Foundation
  • Steel Frame
  • Membrane Roofing
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 2,200 Sq Ft Home
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Inside Utility
  • Security System Owned

Kitchen

  • Built-In Convection Oven
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Heated Indoor Pool
  • Saltwater Pool
  • Vinyl Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • 3-Month Minimum Lease Term
  • Tax Lot 501
  • Assessor Parcel Number 0105131148

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, maintenance, management, pest control, private road, recreational facilities, security, trash
  • Progressive Community Management. 941 921 5393 Association
  • Dolphin Bay Siesta Key Community
  • Dolphin Bay Siesta Key Sec A Subdivision
  • The community has rules related to deed restrictions
  • 5-Story Property

Amenities

  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pets up to 45 lbs
  • 1 Pet Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,328

Year Built

Built in 1998

Lot Details

0

HOA Fees

$598 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Private Road, Recreational Facilities, Security, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Florida, Key West
  • Construction Materials: Block, Metal Frame
  • Fireplace: No
  • Living Area: 2200
  • New Construction: No
  • Year Built: 1998
  • Building Area Total: 2724
  • Directions to Property: From US 41/Tamiami Trail go West on Stickney Pt Rd. Cross draw-bridge/intra-coastal. At traffic light turn right/North on Midnight Pass Rd. Proceed 1 mile. Turn right on Dolphin Bay Way. 124 is first bldg on the right. Elevator to 5th floor. Unit 501 is t
  • Status: Sold
  • Co List Office Mls Id: MFR281506035
  • Co List Office Phone: 941-377-2474
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Floor Number: 5
  • List Office Head Office Key Nume: 1044454
  • Minimum Lease: 3 Months
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 320.45
  • Total Acreage: Non-Applicable
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: End Unit
  • MFR_CommunityAssociationWaterFeatures: Dock,Fishing,Water Access
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, High Ceilings, Living Room/Dining Room Combo, Solid Wood Cabinets, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave Hood, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Stories: 5
  • Window Features: Blinds, Thermal Windows, Window Treatments
  • Street Number Modifier: 1240
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility
  • Living Area Meters: 204.39
  • Room Count: 8

Exterior Features

  • Direction Faces: North
  • Pool Features: Heated, Indoor, Salt Water, Vinyl
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Sliding Doors
  • Roof: Membrane, Metal
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water Access: Bay/Harbor,Intracoastal Waterway
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Partial,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 220

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Guest, On Street, Open, Underground

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public, Well

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness Center, Gated, Irrigation-Reclaimed Water, Pool, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Gated, Spa/Hot Tub, Tennis Court(s)
  • Association Name: Progressive Community Management. 941-921-5393
  • Association: No
  • Security: Gated Community, Security System Owned, Smoke Detector(s)
  • Association Fee Requirement: None
  • Building Name Number: 1240
  • Condo Fees: 1795
  • Max Pet Weight: 45

Fee Information

  • Total Annual Fees: 7180.00
  • Total Monthly Fees: 598.33

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Parcel Number: 0105131148
  • Additional Parcels: No
  • Lot Features: In County
  • Homestead YN: 1
  • Future Land Use: 0404

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Expected Lease Date: 2012-12-28T00:00:00.000

Tax Info

  • Tax Annual Amount: 5328
  • Tax Book Number: 0032/0010
  • Tax Lot: 501

Multi Family

  • Waterfront Features: Bay/Harbor, Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2022
Sold by
Debra Pilcher
Bought by
Debra Kay Pilcher Revocable Trust
Current Estimated Value
$1,404,106

Purchase Details

Closed on
Feb 19, 2020
Sold by
Pilcher Steven J
Bought by
Pilcher Debra

Purchase Details

Listed on
Nov 16, 2012
Closed on
Dec 28, 2012
Sold by
Dyer George T and Dyer Selma W
Bought by
Pilcher James A and Pilcher Debra K
List Price
$750,000
Sold Price
$705,000
Premium/Discount to List
-$45,000
-6%

Purchase Details

Closed on
Apr 6, 1998
Sold by
D B Dev Assoc Ltd
Bought by
Dyer George T and Dyer Selma W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.95%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Debra Kay Pilcher Revocable Trust -- None Listed On Document
Pilcher Debra -- Attorney
Pilcher James A $705,000 Attorney
Dyer George T $386,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dyer George T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2012 12/28/12 Sold $705,000 -6.0% $320 / Sq Ft
11/29/2012 11/29/12 Pending -- -- --
11/15/2012 11/15/12 For Sale $750,000 -- $341 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,689 $837,466 -- --
2023 $9,689 $813,074 $0 $0
2022 $9,424 $789,392 $0 $0
2021 $9,457 $766,400 $0 $766,400
2020 $9,464 $715,900 $0 $715,900
2019 $10,463 $820,600 $0 $820,600
2018 $9,597 $751,700 $0 $751,700
2017 $8,623 $642,500 $0 $642,500
2016 $8,837 $642,500 $0 $642,500
2015 $8,937 $633,000 $0 $633,000
2014 $9,064 $581,000 $0 $0
Source: Public Records

Map

Source: Stellar MLS

MLS Number: A3968920

Stellar MLS

APN: 0105-13-1148