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$4,000,000
$1,685/sqft
HOA: $3,600/moTaxes: $30,871/yr0d on market

The Terrace

5400 OCEAN BLVD ##15 1-4, SARASOTA, FL, 34242

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2 Beds|3 Baths|2,374 Sq Ft|Built 1969
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🔥 Just listed — this home matches what most buyers are looking for in this area.

C2C

Coast 2 Coast Home Realty

Licensed Florida Realtors

4.9· 214 reviews

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Buyer Insights

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Why this home stands out

  • Updated today

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Perched 15 floors above the Gulf of Mexico within The Terrace—Frank Folsom Smith's iconic beach-front landmark on Siesta Key—two corner residences were combined to create an extraordinary 2,365-SF home. Completely reimagined by award-winning architect Michael Halflants of Halflants + Pichette Studio for Modern Architecture, the residence received the prestigious AIA Florida/Caribbean Honor Award of Excellence in Interior Design and was featured in Sarasota Magazine's Dream Homes issue. Original interior walls were removed to reveal uninterrupted vistas that extend along the shoreline of Siesta Key, across Sarasota Bay, and to the downtown Sarasota skyline. The result is a flowing two-bedroom, two-and-a-half-bath residence where panoramic views, exceptional materials, and thoughtful design exist in perfect balance. At the center of the home, a sculptural Etimoe hardwood core houses the kitchen, storage, primary bath, and an expansive walk-in closet, bringing warmth and architectural definition to the open floor plan. Floor-to-ceiling, seven-panel bi-fold glass doors disappear completely at the corners, creating a seamless connection to the Gulf and inviting coastal breezes into the living spaces. Custom folding partitions provide privacy between the primary suite and main living areas without compromising the home's openness or visual continuity. Thoughtful custom details continue throughout the residence, including a custom steel desk overlooking the Gulf of Mexico, creating a work-from-home setting few could rival. The raw concrete ceiling from Smith's original 1969 design was scraped and clear-coated to a soft sheen, transforming a defining element of the building into a striking contemporary feature. Large-format porcelain tile, custom steel detailing, and carefully selected wood finishes complete a sophisticated material palette that feels both timeless and contemporary. Residents of The Terrace enjoy private access to Siesta Key's renowned beach and are just moments from the shops, restaurants, and energy of Siesta Village. More than a luxury beachfront residence, this is a rare opportunity to own an award-winning home within one of Sarasota's most recognizable waterfront landmarks, where exceptional architecture and Gulf-front living are seamlessly intertwined.

Subdivision
THE TERRACE
County
Sarasota
Zip Code
34242

School Report Card

Source: FL Dept. of Education

ABCDF
Elementary
Middle
High

Neighborhood

Map unavailable

Type
Condominium
Living Area
2,374 sqft
Construction
Concrete
Roof
Membrane
Flooring
Tile
Pool
No
HOA
$3,600 / Monthly
  • Built-in Features
  • Kitchen/family Room Combo
  • Solid Surface Counters
  • Thermostat
  • Walk-in Closet(s)
  • Wet Bar
  • Window Treatments
  • Balcony
  • Bar Fridge
  • Built-in Oven
  • Cooktop
  • Dishwasher
  • Dryer
  • Freezer
  • Range Hood
  • Refrigerator
  • Tankless Water Heater
  • Washer
  • Wine Refrigerator
  • Common Area
  • Electricity Connected
  • Water Connected
  • Buyer Approval Required
  • Gated Community - No Guard
  • Pool
  • Gulf/ocean Front
  • Elevators
  • Fitness Center
  • Gated
  • Lobby Key Required
  • Maintenance
  • Pool
  • Storage
  • Common Area Taxes
  • Pool
  • Maintenance Structure
  • Maintenance Grounds
  • Management
Bedrooms
2
Bathrooms
3
Year Built
1969
Construction
Concrete
Flooring
Tile
Roof
Membrane
Garage Spaces
0
Cooling
Central Air, Zoned
Heating
Electric
Waterfront
Yes
Pet Restrictions
Cats Ok, Dogs Ok, Yes
Lot Size
Senior Community
No
Building Elevator
Yes
Pet Size
Very Small (Under 15 Lbs.)
# of Pets
1
Max Pet Weight
15 lbs
Tax Year
2025
Annual Tax Amount
$30,871

Association Fees

  • HOA Fee

    MaryAnn Burchell

    $3,600/ Monthly

Down Payment20% — $800,000
Interest Rate6.50%
Loan Term
Est. Mortgage
$20,226
HOA Fee
$3,600
Est. Property Tax
$2,573
Est. Insurance
$1,333
Total Est. Monthly Cost$27,732

* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.

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