Dolphin Key Condo
Homes for Sale in Indian Shores, FL

Community in Indian Shores · Pinellas County
73 homesBuilt 1972–2022
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Built fromLive Stellar MLS data5 years of closingsFL DOR public recordsUpdated twice daily
Live · Dolphin Key Condo Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Ownership and context
26%
Owner-occupied · Dolphin Key Condo
19 of 73 parcels homesteaded (FL DOR 2025)
74%
Non-owner-occupied · Dolphin Key Condo
incl. 16% trust or LLC-held · 41% out-of-state
33%
Cash buyers · Dolphin Key Condo
1 of 3 sales, 12 mo ending June 2025
73
Homes in the community
73 residential parcels (FL DOR 2025)
Track record · 5 years of records
Est. 1972
Community established
homes built 1972-2022, median 1982 (FL DOR 2025)
1
Failed listings · 2026
peaked at 2 in 2018
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Dolphin Key is a 73-unit condo community in Indian Shores, with a build history running from 1972 to 2022 and a median year built of 1982. That spread matters: it tells you price here is driven by condition and updates far more than by any single vintage. Two units of the same square footage can price very differently depending on whether the interior, systems, and finishes have been brought forward. The median living area sits around 1,320 square feet, so this is a right-sized, walk-in footprint rather than a sprawling one.

There were no closings in the reporting window, so there is no fresh transaction to anchor a number to. Treat that as a signal to price from the unit in front of you, not from a headline. For sellers, that means condition and presentation carry the argument. For buyers, it means underwriting each unit on its own merits, and paying close attention to the condo association's reserves, assessments, and the practical realities of coastal ownership.

Best for

  • Buyers seeking a compact coastal condo who will do the work on unit condition and association health
  • Second-home buyers comfortable in a building with significant non-homestead ownership
  • Value-focused buyers willing to price a renovated versus original interior accurately

Probably not for

  • Buyers who need a large, sprawling floor plan well above the ~1,320-square-foot median
  • Buyers wanting a clean recent comp before committing, given no closings in the window
  • Buyers unwilling to scrutinize reserves, rental rules, and potential assessments

The market around Dolphin Key Condo

Dolphin Key Condo is a small community — 9 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.

Across Pinellas County, 6,909 homes are active and 1,852 pending (21% under contract).

Homes here are condominium.

ZIP and county figures describe the wider market, not Dolphin Key Condo specifically. Momentum Research analysis of MLS records.

If we were buying in Dolphin Key Condo today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Dolphin Key Condo.

Best Buy
Buyers wanting a right-sized coastal condo who will underwrite the specific unit and its association.
Biggest Risk
With no recent closings and a 1972-2022 build spread, pricing is condition-driven and requires careful, unit-level diligence.
Sweet Spot
An updated unit in a well-reserved association where the price reflects the actual condition.
Avoid If
You need a homestead-heavy, primary-residence building or a turnkey number without reading the condo docs.

What actually moves value at Dolphin Key

The single most useful fact about this community is the 1972-2022 build range against a 1982 median. In a condo of only 73 units, that tells you the value conversation is about the specific unit's condition, updates, and floor position more than the community's overall age. A renovated interior reads very differently from an original one, and the median living area near 1,320 square feet keeps most of these units in efficient, manageable territory.

The homestead share of 26% is the other tell. When roughly three-quarters of units are held as non-homestead, you are buying into a community where seasonal use and rental activity are part of the picture. That shapes everything from association rules to the rhythm of the building through the year. Read the condo docs carefully: rental policy, reserve funding, and any pending assessments will affect both your carrying cost and your resale story more than the sticker will.

The location and the amenities are priced into every listing in Dolphin Key Condo. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

With no recent closings to lean on and a wide condition-driven price spread, this is a community where the analysis has to happen unit by unit. We read the association's financials, reserves, and rental rules alongside the physical unit, and we price from what is actually in front of us rather than from a stale comp. That is the difference between buying confidently and inheriting a surprise assessment.

Dolphin Key Condo in 15 seconds.

Best forBuyers wanting a right-sized coastal condo who will underwrite the specific unit and its association.
Biggest advantageA small, 73-unit community on Indian Shores with an efficient median footprint near 1,320 square feet.
Biggest riskWith no recent closings and a 1972-2022 build spread, pricing is condition-driven and requires careful, unit-level diligence.
Sweet spotAn updated unit in a well-reserved association where the price reflects the actual condition.
Avoid ifYou need a homestead-heavy, primary-residence building or a turnkey number without reading the condo docs.

HOA, CDD & Fees

In short
  • Mandatory HOA — confirm current dues
  • Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Dolphin Key Condo sales matched to your home.

What is your Dolphin Key Condo home worth?

Get a no-obligation home value based on real comparable sales in Dolphin Key Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

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Real comps, not an automated estimate.

Frequently Asked Questions

How many homes are in Dolphin Key Condo?
The Florida DOR 2025 assessment roll shows 73 homes in Dolphin Key Condo (public records).
What share of Dolphin Key Condo is owner-occupied?
26% of Dolphin Key Condo parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Dolphin Key Condo built?
Homes in Dolphin Key Condo were built between 1972 and 2022, with a median year built of 1982 (FL DOR 2025 roll).
Do cash buyers compete in Dolphin Key Condo?
Cash buyers took 33% of Dolphin Key Condo sales in the 12 months ending June 2025 (1 of 3 closings, Stellar MLS).
Who is the best real estate agent for Dolphin Key Condo?
The best agent for Dolphin Key Condo is one who actively works Indian Shores and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Dolphin Key Condo.
How do I find a top Indian Shores real estate agent who knows Dolphin Key Condo?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Dolphin Key Condo and the wider Indian Shores area.
Can Momentum Realty connect me with an agent for Dolphin Key Condo?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Dolphin Key Condo purchase or sale - no call center and no pressure.
Buyers seeking a compact coastal condo who will do the work on unit condition and association healthExcellent fit
Second-home buyers comfortable in a building with significant non-homestead ownershipExcellent fit
Value-focused buyers willing to price a renovated versus original interior accuratelyExcellent fit
Buyers who need a large, sprawling floor plan well above the ~1,320-square-foot medianProbably not
Buyers wanting a clean recent comp before committing, given no closings in the windowProbably not
Buyers unwilling to scrutinize reserves, rental rules, and potential assessmentsProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (3 streets, ZIP 33785))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2021 (10 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

Own a home here?

You just read the data. Now see what your home is worth.

The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.

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More Indian Shores & St. Petersburg & Pinellas County guides

Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of St. Petersburg & Pinellas County or the full Neighborhood Finder.

Thinking of selling in DOLPHIN KEY CONDO? See the Pinellas County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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