Estimated market value
$680,000
Low $652,800 · Midpoint $680,000 · High $707,200
Confidence65%Sales comparison approach
CompCasa estimate$680,000Current analysis
$652,800$680,000 midpoint$707,200
Price / sq ft$450
Derived from Redfin listing LD+JSON
About the property
Rare First-Floor 2BR/2BA Waterfront Condo with Full-Width Deck
This rare, first-floor residence in the Dominica building of Dolphin Cay feels less like a condo and more like a private, tropical retreat. Step out from the open-plan living area onto a private veranda and an expansive outdoor deck that runs the full width of the unit—an exceptional outdoor room for quiet mornings, alfresco dinners, or watching birds and boats across the landscaped grounds and lake.
Inside, thoughtful upgrades and practical details set this home apart. Hurricane-rated windows and sliding doors frame the garden views while adding peace of mind. The living room, dining area, and open kitchen are arranged for everyday comfort and easy entertaining. The primary suite is a true retreat with 8-foot sliding glass doors to the deck, a custom walk-in closet, generous linen storage, and a roomy primary bath. A second bedroom outfitted with plantation shutters enjoys mature palm-lined views, offering privacy for guests. A versatile bonus room with distinctive barn doors currently functions as a bright home office but could readily serve as a third bedroom, den, or creative studio.
Owners will appreciate the building- and community-level investments: the Dominica building sits directly across from the lake and the association has completed its Structural Integrity Reserve Study and completed substantial capital improvements including a new roof, new elevators, exterior painting, and enhanced landscaping—reducing near-term uncertainty for prospective buyers.
Living at Dolphin Cay means access to an 88-acre gated waterfront nature preserve and resort-style amenities: three heated waterfront pools and spa, private beach and fishing pier, kayak launch and waterfront walking trails, three Har-Tru lighted tennis courts, a fitness center, waterfront grilling areas, and a clubhouse with billiards and library — all with on-site professional management. Ideally positioned minutes from Downtown St. Petersburg’s arts and dining scene, as well as the sugar-sand beaches of St. Pete Beach and Pass-a-Grille, this home offers a distinctive blend of natural serenity and coastal convenience.
Location & nearby
Saint Petersburg, FL
Researched nearby locations
⌖Ground-floor unit with garden and lake views
⌖Located across from the community lake
⌖Minutes to Downtown St. Petersburg arts, parks, and restaurants
⌖Short drive to St. Pete Beach and Pass-a-Grille
⌖Easy access to Tampa International Airport and St. Pete–Clearwater International Airport
⌖Private beach and fishing pier
⌖Kayak launch and waterfront walking trails
Location
4750 Dolphin Cay Ln S #107, Saint Petersburg, FL, 33711
Editorial neighborhood context
Dolphin Cay is an 88-acre gated waterfront nature preserve that blends lush tropical landscaping with low-density, resort-style living. Residents enjoy waterfront walking trails, kayak launches, and a private beach and pier within the community, plus easy access to Downtown St. Petersburg’s cultural venues, waterfront parks, and acclaimed dining. The area appeals to those seeking an active outdoor lifestyle with convenient drives to St. Pete Beach and Pass-a-Grille. On-site management and a strong amenity set foster a relaxed, community-minded lifestyle for year-round residents and seasonal owners alike.
Nearby access summary
Excellent access to waterfront recreation: community private beach, fishing pier, kayak launch and trails, three heated pools and spa, three Har-Tru tennis courts, and a fitness center within the gated preserve.
Market context
A factual market snapshot around 4750 Dolphin Cay Ln S #107.
Editorial market perspective
This listing is priced at the valuation midpoint of $680,000 (estimated price-per-square-foot: $450), which places it squarely within the premium niche of waterfront condominiums in the St. Petersburg area. Waterfront and gated-community condos with resort-style amenities typically attract a focused buyer pool—downsizers seeking single-level living, part-time residents, and full-time owners drawn to recreation and low-maintenance lifestyles. The association’s completed reserve study and recent capital projects (new roof, new elevators, fresh exterior paint, landscaping) reduce the likelihood of near-term special assessments and make the asset more marketable to mortgage lenders and conscientious buyers.
Given those strengths, this unit should perform well relative to generic condos without waterfront access or recent capital work. Buyers should be prepared for competitive interest when a turnkey, ground-floor condo with expansive outdoor living and robust amenities comes to market. For sellers, the property’s condition and community investments support the asking price; for buyers, the combination of turnkey condition and completed association improvements offers a lower-risk entry into premium coastal living. Agents and buyers should evaluate financing options early and be aware that demand for well-located, amenity-rich waterfront condos often outpaces supply in desirable coastal pockets of St. Petersburg.
Highlights & features
What stands out about this property.
01First-floor unit with full-width outdoor deck
02Hurricane-rated windows and sliding doors
03Primary suite with 8-foot sliders and custom walk-in closet
04Bonus room with barn doors — easily convertible to 3rd bedroom
05Association completed Structural Integrity Reserve Study
06Recent community capital improvements: new roof, new elevators, exterior painting
07Gated 88-acre waterfront nature preserve
08Resort-style amenities including pools, private beach, kayak launch, and tennis courts
Interior Features
- 2 bedrooms, 2 full bathrooms
- 1,510 sq ft open floor plan
- Hurricane-rated windows and sliding doors
- Primary suite with 8-foot sliding glass doors
- Custom walk-in closet and additional linen storage
- Bonus room with barn doors (office/third bedroom convertible)
- Plantation shutters in guest bedroom
Exterior & Lot
- Private veranda and full-width outdoor deck
- Ground-floor unit with garden and lake views
- Located across from the community lake
- Gated community with 88-acre nature preserve
- Association completed reserve study; recent roof, elevators, and exterior paint
Location & Neighborhood
- Dolphin Cay gated waterfront community
- Minutes to Downtown St. Petersburg arts, parks, and restaurants
- Short drive to St. Pete Beach and Pass-a-Grille
- Easy access to Tampa International Airport and St. Pete–Clearwater International Airport
Walkability & Recreation
- Walkability Rating: 60/100 — Some walkable amenities
- Three heated waterfront pools and spa on-site
- Private beach and fishing pier
- Kayak launch and waterfront walking trails
- Three Har-Tru lighted tennis courts
- Fitness center, waterfront grilling areas, clubhouse with billiards and library