4750 DOLPHIN CAY LANE S UNIT 509 ST PETERSBURG FL 33711 MLS #TB8479861

CASH BUYERS – EXTRAORDINARY VALUE AT DOLPHIN CAY.
Originally positioned at $710,000 and recently appraised at $663,000, this exceptional 5th-floor corner residence is now offered at just $575,000. The seller has intentionally repositioned the property to create one of the most compelling value opportunities currently available in Dolphin Cay. Priced $135,000 below its original market positioning and nearly $90,000 below a recent appraisal, this is a rare opportunity to acquire a premium waterfront residence at an exceptional price.
This beautifully updated 2-bedroom, 2-bath corner residence offers approximately 1,630+ square feet of combined interior and balcony living space, including three private balconies with both sunrise and sunset exposures. Floor-to-ceiling windows and sliding glass doors fill the residence with natural light while showcasing panoramic views of the lake, Boca Ciega Bay, the downtown St. Petersburg skyline, and distant Gulf of Mexico sunsets.
Located within Dolphin Cay’s private 88-acre waterfront preserve, residents enjoy a lifestyle unlike any other in the Tampa Bay area. Walking trails wind through lush tropical landscaping, while dolphins, birds, and ever-changing lake and bay views become part of everyday life. A private sandy beach, waterfront pool overlooking Boca Ciega Bay, tennis courts, fitness center, clubhouse, fishing pier, library building, Bike and Kayak storage and 24-hour guard-gated security complete the resort-style experience.
The residence may be purchased furnished and features updated high quality flooring, fresh interior paint, crown molding, electric window blinds, an updated entry, newer A/C system, newer water heater, covered parking, in unit washer/dryer and private storage to name a few. The desirable split-bedroom floor plan offers privacy, functionality, and multiple outdoor living areas rarely found in condominium living.
The Dominica building has completed substantial capital improvements from 2023 through 2025, including a new roof, two new elevators, exterior painting, updated hallway flooring throughout the building, upgraded fire alarm and sprinkler systems, enhanced landscaping, and significant seawall and drainage improvements. The building has successfully completed its Milestone Inspection with a clean Phase One report and no Phase Two inspection was required.
Ideally located just minutes from St. Pete Beach, Interstate 275, downtown St. Petersburg, world-class dining, shopping, and cultural attractions, Multiple Golf courses, and boating. This meticulously maintained residence has had only three owners, two of whom were seasonal residents, and has no rental history.
The seller has already secured their next residence and has priced this property to facilitate a prompt, uncomplicated transaction. The pricing reflects timing and opportunity—not the condition or quality of the property. Opportunities to acquire a Turn Key – high-floor corner waterfront residence in Dolphin Cay at this price point are exceptionally rare. Serious cash buyers are encouraged to schedule their private showing promptly.