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Julia Vakulenko - Broker -

Panoramic  water views Close to the Community Pools, Sandy Beach, Club house, Library, Hot tub and Tennis courts. Sunsets from the Main Porch Overlooking the main Dolphin Cay club house with pool, gym, Library house and more Welcome to Dominica Dominica front entrance Walkway to your new home with private storage Entrance to your new home with private storage Family room surrounded by Floor to Ceiling Windows, lots of Natural light Family room looking toward Dining area and Kitchen Dining/Family room connected to Kitchen Bright family room connected to main balcony's Bright family room looking East Family room looking out toward balcony Entrance hallway Convenient washer/dryer Hallway looking toward kitchen entry and guest bath Luxurious Guest Bath Large main patio with view of Intercoastal waterway & Gulf of Mexico Spacious main patio Sunsets with wonderful breezes Southeast patio – spacious enough Southeast patio looking over the Dolphin Cay Lake Modern kitchen looking out to dining and family room through kitchen passthrough Modern kitchen with stainless steel appliances Modern, bright kitchen with ample counter space Balcony #2 off the Kitchen overlooking Dolphin Cay pond; Perfect for BBQ grill! Master bedroom with Balcony access & Water views Spacious Master bedroom with en suite bath Classy Master Bath Classy Master Bath Spacious & Bright Guest bedroom, with Lake views Eagle-eye views Cat’s Point Beach on the Intercoastal waterway One of multiple pools close to the Intercoastal waterway Newer roof and AC unit Recent exterior painting, Roof, Elevators, and Landscaping Front full view of Dominica with unit 509 identified Newer roof and AC unit Multiple Tennis courts and main Dolphin Cay Lake & Campus A natural bird sanctuary Beautiful trails to explore 88 acres of wilderness. Dominica Lobby with two newer elevators, mail boxes, garage access. Cool and Dry covered parking with designated spaces Sunsets from the Main Porch
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4750 DOLPHIN CAY LN S #509, ST PETERSBURG, 33711



Property highlights

  • MLS#: TB8479861
  • 112,792.00 lot size Sq.Ft.
  • Year built: 1994
  • Floor: 5
  • Parking spaces: 1
  • Pool: Community pool
  • Listed: 02/25/2026
  • Taxes: $10,550.29
  • Condo maintenance: $1,099.00 Monthly
  • Average Monthly Fees (not including CDD, if any): $1,099.00
  • Maintenance fee includes: Guard - 24 Hour, Cable TV, Common Area Taxes, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash and Water
  • Building Name: DOMINICA
  • Virtual Tour

Property Overview

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.

Driving directions : Take I - 275 to Pinellas Bayway (Exit 17) , Turn Right before Toll Booths to Guard Gate. Must Have an Appointment to get through the Guard Gate, strict identification entry requirements are in place.

Property Features

Rooms Dimension Description
Primary Bedroom 14x16 First level , En Suite Bathroom
Kitchen 14x12 First level
Living Room 15x26 First level
Bedroom 2 12x11 First level
Balcony/Porch/Lanai 13x12 First level

Interior Features

  • Ceiling Fans(s)
  • Crown Molding
  • Eat-in Kitchen
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Split Bedroom
  • Thermostat
  • Walk-In Closet(s)
  • Window Treatments

Appliances

  • Dishwasher
  • Disposal
  • Dryer
  • Electric Water Heater
  • Freezer
  • Ice Maker
  • Range
  • Range Hood
  • Refrigerator
  • Washer

Heating

  • Electric

Laundry features

  • Inside

Air Conditioning

  • Central Air

Floor Covering

  • Ceramic Tile
  • Luxury Vinyl

Utilities

  • Cable Connected
  • Electricity Connected
  • Sewer Connected
  • Underground Utilities
  • Water Connected

Exterior features

  • Balcony
  • Outdoor Grill
  • Private Mailbox
  • Sidewalk
  • Sliding Doors
  • Storage
  • Tennis Court(s)

Pool features

  • Gunite
  • Heated
  • In Ground

View

  • City
  • Garden
  • Trees/Woods
  • Water

Patio and porch features

  • Covered
  • Front Porch
  • Rear Porch

Pets restrictions

  • See Condo Docs
  • 2 pet(s) allowed
  • Small (16-35 Lbs.)

Community Features

  • Association Recreation - Owned
  • Buyer Approval Required
  • Clubhouse
  • Community Mailbox
  • Deed Restrictions
  • Fitness Center
  • Gated Community - Guard
  • No Truck/RV/Motorcycle Parking
  • Pool
  • Sidewalks
  • Special Community Restrictions
  • Tennis Court(s)

Security Features

  • Closed Circuit Camera(s)
  • Fire Alarm
  • Fire Sprinkler System
  • Gated Community
  • Key Card Entry
  • Security Gate
  • Smoke Detector(s)

Construction Materials

  • Block
  • Stucco

Road Surface Type

  • Asphalt
  • Concrete

Property Condition

  • Completed

Roof

  • Other
  • Tile

Foundation

  • Slab
  • Stem Wall
  • Stilt/On Piling

Vegetation

  • Mature Landscaping
  • Trees/Landscaped
  • Wooded

Lot Features

  • Landscaped
  • Near Golf Course
  • Near Marina
  • Private
  • Sidewalk
  • Paved

Listing information courtesy of PERSONAL REALTY ADVISERS

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Listing data comes from My Florida Regional MLS.