Dolphin Tower

Dolphin Tower Condos for Sale – Sarasota, Florida 34236

Certificates of occupancy are now being issued for condos in Dolphin Tower. This opens a unique opportunity to own a bayfront condominium on the downtown at a very affordable price compared with neighboring Sarasota condos for sale.

Residents, both old and new, have steadily begun reoccupying this condominium in early 2016, over five years since it was evacuated in summer 2010 due to serious structural issues on its 15-story building. The extensive structural remedies undertaken to rebuild the condominium were completed February 15, 2015, which helped reignite market interest on Dolphin Tower condos for sale. All told, the cost of all the rehab efforts amounted to about $9 million.

Thorough Reconstruction

The reconstruction works initiated in Dolphin Tower included engineering solutions to stiffen the condominium building’s 15-story structure. Major updates were also adopted, such as replacement of most of the building’s electrical wiring and plumbing systems. New fire sprinklers and fire alarms, hurricane-impact windows and new sliding doors were also installed.

A thorough makeover of the condominium’s lobby and hallways, along with the construction of a new club room and fitness center, are also breathing new life to Dolphin Tower in listings of Sarasota condos for sale. Other amenities, such as secured garage parking and a swimming pool with large deck overlooking the Gulf of Mexico, are also helping revive market interest in Dolphin Tower condos for sale.

Attractive Asking Prices

This condominium, with 116 residential units, is amongst downtown residential properties offering a wide range of floor plans. Smaller choices of Dolphin Tower units listed in the MLS of Sarasota condos for sale are one-bedroom units with floor plans of about 965 square feet. Two-bedroom options have floor plans of between 1,200 and 1,408 square feet.

Dolphin Tower condos for sale are priced from the $200s up to the $600s. As in other residential developments, price quotes for these units vary depending on their size, condition, building location, views, and upgrades. Prized amongst the Dolphin Tower condos are those west-facing units which provide commanding views of Sarasota Bay and Island Park and the city’s marina.

Prospective buyers of Dolphin condos for sale, however, have to undertake some individual unit remodeling. These units, having been vacant for over five years, need updates on their interiors to suit the taste and preferences of the new owners.

Sales Listing Grows

Listings of Dolphin Tower condos for sale has significantly picked up since the start of 2016, along with the steady increase of residents reoccupying the rehabilitated building. Additional new listings can be expected moving into 2017. Fence-sitting investors, who previously bought Dolphin Tower units in bulk at bargain-level prices, are noticeably starting to cash in on their holdings.

These investors have acquired units in this condominium for as low as $30,000 per unit when negotiations were still hanging on the property’s reconstruction. These units could now fetch prices in the $200s, with Dolphin Tower now fully rebuilt.

Its coveted downtown location at 101 South Gulfstream Avenue is an innate market strength for this condominium. Not only is it comfortably walking distance to the delights at the city Marina and Island Park. Dolphin Tower also sits close to historic Palm Avenue and Ringling Blvd. both awash with the prime life and leisure venues of downtown. This alone makes it worthwhile to keep this property in a watch list of Sarasota condos for sale.

Dolphin Tower

Below are the current real estate listings available at Dolphin Tower

Please contact me if you would like to schedule a tour of any of the listed properties below.