Listing Details for MLS #TB8479861
4750 Dolphin Cay Lane S Unit 509, St Petersburg, Fl

Residential Property - Condominium in St Petersburg

Listing Price: $575,000 (Mortgage Calculator →)Days on Market: 139

Description of Property

EXTRAORDINARY VALUE AT DOLPHIN CAY! BACK ON THE MARKET AFTER A CLEAN HOME INSPECTION on 7/29/2026. Previous contract terminated for reasons entirely unrelated to the property. A recent professional home inspection found the residence to be in exceptional condition, giving buyers added confidence and peace of mind. Exceptional Value...Exceptional Investment Opportunity. Available fully furnished and Turn-Key or completely unfurnished, this beautifully updated 5th-floor corner waterfront residence is now offered at just $575,000—nearly $90,000 below a recent 5/07/2026 independent appraisal. This light-filled 2-bedroom, 2-bath corner residence offers over 1,630 square feet of combined interior and balcony living space, including three private balconies and floor-to-ceiling windows showcasing breathtaking sunrise and sunset views of the lake, Boca Ciega Bay, the Downtown St. Petersburg skyline, the Skyway bridge, and the Gulf of Mexico. The desirable split-bedroom floor plan offers privacy and flexibility, allowing buyers to move right in with furnishings in place or personalize the residence to suit their own style. Features include high quality updated flooring, fresh interior paint, crown molding, electric window blinds, newer HVAC system, in-unit washer and dryer, covered parking, private storage and more. Located within Dolphin Cay's private 88-acre waterfront preserve, residents enjoy an unmatched resort lifestyle with a private sandy beach, waterfront swimming pool overlooking Boca Ciega Bay, tennis courts, fitness center, clubhouse, fishing pier, library, kayak and bicycle storage, scenic walking trails, abundant wildlife, and 24-hour guard-gated security. The Dominica building has completed extensive capital improvements from 2023 through 2026, including a new roof, two new elevators, exterior painting, updated hallway flooring, upgraded fire alarm and sprinkler systems, enhanced landscaping, seawall improvements, and drainage upgrades, resurfaced parking areas, etc. The building successfully completed its Milestone Inspection with a clean Phase One report, and no Phase Two inspection was required. This Unit was Lovingly maintained by only three previous owners—all seasonal residents—this residence has been lightly lived in throughout its lifetime and has never been used as a rental property. Conveniently located just minutes from St. Pete Beach, Downtown St. Petersburg, Interstate 275, marinas, golf courses, world-class dining, shopping, and cultural attractions. The seller has intentionally priced this residence to facilitate a prompt sale. Combined with a recent clean inspection and pricing nearly $90,000 below appraisal, this represents one of the finest waterfront values currently available in Dolphin Cay. Opportunities like this are exceptionally rare. Schedule your private showing today before someone else recognizes the value.The average asking price for a 2 bedroom/2 bath condominium in this Zip code is $347,547. This condominium is listed at about 165% of the average asking price. There are 11 2 bedroom/2 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »