401/1240 Dolphin Bay Way

Off Market

401/1240 Dolphin Bay Way

Siesta Key FL 34242

2724 sq. ft.

60926 sq. ft.

Condo

Last sold for $1,150,000

Ethel Lovelace, last sold this property on 07 October 2026 after 308 days on market.

Overview

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.

Features

3 bedrooms

3 bathrooms

1 carspace

1 garage space

2724 sq. ft. floor area

60926 sq. ft. lot size

Condo

Estimated Value

Based on this property and similar 3 bedroom condos sold in Siesta Key over the last 12 months, the estimated median property value of 401/1240 Dolphin Bay Way is $1.35m.

Median value

$1.35m

Estimated value range

$49k - $9.4m

Median days on market

107

Estimated value trend

13%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Siesta Key. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 401/1240 Dolphin Bay Way

2026

Sold

$1,150,000

07 Oct 2026 by Ethel Lovelace, of MICHAEL SAUNDERS & COMPANY

2021

Sold

$1,132,500

30 Apr 2021 by Ethel Lovelace, of MICHAEL SAUNDERS & COMPANY

Happy sellers in Siesta Key

90%

90% of sellers in Siesta Key reported that their sale price either exceeded or met their price expectations.

Siesta Key stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Siesta Key over the last 12 months.

Local market activity for 3 bedroom condos in Siesta Key

In the last 12 months, 35 three-bedroom condos similar to 401/1240 Dolphin Bay Way, have been sold.

This represents a 50% decrease in three-bedroom condos sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Siesta Key for a market analysis.

Mike Martino

at KELLER WILLIAMS ON THE WATER S

(90 reviews)

Get a market analysis

Abbe | Rocha

at Coldwell Banker Realty - Siesta Key

(166 reviews)

Get a market analysis

Maurice Menager

at MICHAEL SAUNDERS & COMPANY

(51 reviews)

Get a market analysis

Christa Spalding

at COLDWELL BANKER REALTY

(13 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Siesta Key

Mike Martino

Sellers who recommend Mike Martino have praised them for being local expert, detail-oriented, clear communication, hard-working, supportive, reliable, and honest

5 (90 reviews)
4 Reviews in Siesta Key
7 Sales in Siesta Key

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Abbe | Rocha

Sellers who recommend Abbe | Rocha have praised them for being local expert, responsive, clear communication, supportive, well-prepared, reliable, and patient