Dolphin Towers

The Story Behind Dolphin Towers

On June 30, 2010, the City of Sarasota ordered all residents of Dolphin Towers to evacuate the building within 24 hours due to structural problems. As of July 1, 2010 the building was officially closed.  The next few years were ones of uncertainty, legal battles, and repairs.  Five years later, the downtown Sarasota condominium was once again ready for occupancy.

Recent updates to the building include newly installed hurricane impact windows, new sliding doors and new plumbing in each unit. A pipes project included replacing all cast iron pipes with PVC pipes, enabling owners to hook up compact stackable washer and dryers. The lobby and hallways are renovated and look brand new.

Repairs to the building included a new fire alarm system, new fire sprinkler system, new club room, new fitness room and cosmetic restoration of all common areas including the hallways and the club room.

About the assessments at Dolphin Tower, the HOA opened a loan with Iberia Bank. Each owner is responsible for $12,755.49 which is broken down into monthly installments to pay until 2020 with a final balloon payment in Dec. 2020 of approximately $7,000.  Many of the homeowners to currently listed units in Dolphin Towers have paid these assessments in full.

Dolphin Towers Sarasota Condos for Sale

Dolphin Towers Repairs Update

Structural repairs were completed and an abatement was performed on all the units at Dolphin Tower that had popcorn ceiling. Once completed, these units received their certificates of occupancy and residents have moved back in. Units that do not have their certificate of occupancy must be purchased sight unseen.

 

About Dolphin Towers Sarasota

Address: 101 S. Gulfstream Avenue in Sarasota, FL 34236

Residents who live in Dolphin Tower love the premier downtown Sarasota location. West facing units in Dolphin Tower enjoy the beautiful sunsets and gorgeous panoramic Sarasota Bay views.

Condos are for sale in Dolphin Tower offer a unique opportunity to secure a downtown condo on the bay front at an affordable price. Snowbirds, retirees, and young professionals find Dolphin Tower a desirable and affordable option.

Dolphin Towers is a 15 story high rise with a total of 116 residential units. Currently listed condos in the Dolphin Tower range from 963 – 1390 square feet and are priced from the high $300,000’s. Prices vary depending on location, views, size of unit, condition, and upgrades.

Amenities at Dolphin Towers

  •  Resident parking in a secured garage
  • Ample on-site guest parking
  • Swimming pool with large deck overlooking the Gulf of Mexico
  • Club room
  • Attractive spacious lobby

Nearby Things to Do

Dolphin Towers is located in downtown Sarasota, a lively and quaint community filled with shops, galleries, dining, theaters, and more.

Grab a bite to eat at one of the many restaurants then enjoy a stroll along historic Palm Avenue or the landmark John Ringling Bridge with its magnificent views of the Sarasota Bay.

Known for its art and culture, downtown Sarasota is home to the Sarasota Opera House, the Players Theater, Van Wezel Performing Arts, and the Ringling Museum of Art. Popular downtown Sarasota annual events include the New Year’s Eve Pineapple Drop, The Sarasota Film Festival (April), the Suncoast Super Boat Grand Prix Festival (June / July), Downtown Sarasota Art & Craft Festival (October), and the Chalk Festival (November).

Read more about things to do in Sarasota, FL…

Condo Values at Dolphin Towers

Now that the building has performed all the necessary repairs, condo prices in Dolphin Towers are slowly on the rise.  If you have a condo that you are thinking about selling, find out what your Dolphin Tower condo is worth in today’s market.

 

The Sarasota real estate market is constantly changing, which is why Ursini & Company is here to keep you informed.  For any questions you have regarding Sarasota Florida housing, the Sarasota market, or Sarasota real estate news, please do not hesitate to contact us. We pride ourselves on our responsiveness and ability to meet our clients’ needs and exceed their expectations. Be sure to contact us by email, phone, or text at 941-812-4894. We are always happy to help!