5400 Ocean Blvd #15 1-4, photo 1
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Overview

2 bd3 ba2,374 sqftCondominium
TypeCondominium
Condo dues$3,600/mo
Built1969
Living area2,374 sqft
Price / sqft$1,685

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Built-in FeaturesKitchen/Family Room ComboSolid Surface CountersThermostatWalk-in Closet(s)Wet BarWindow TreatmentsBalcony

5400 Ocean Blvd #15 1-4 is a 1969-built home in Terrace, Sarasota. Inside you'll find 2 bedrooms, 3 bathrooms, and 2,374 square feet of living space. Listed at $4,000,000 (about $1,685/sqft), 85 days on market. Flood zone AE - confirm flood insurance requirements with your lender. Condo dues run $3,600 monthly.

From the listing

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.

The essentials

Built
1969
Price / sqft
$1,685
On market
85 days
Annual tax
$30,871
Condo dues
$3,600/mo
Flood zone
AE
Type
Condominium

At a glance

Condo
Built 1969
Waterfront
Beach Front
Community pool
Shared amenity
Assigned parking
Private balcony
Outdoor space

Payment

Est. monthly payment
$29,035/mo
Down payment (20%)
$800,000
Property taxes
$2,573/mo
Condo dues
$3,600/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1969
Lot
-
Cooling
Central Air, Zoned
Heating
Electric
Parking
Assigned, Covered
Waterfront
Beach Front, Gulf/Ocean
Days on Market
85
Built-in Features
Kitchen/Family Room Combo
Solid Surface Counters
Thermostat
Walk-in Closet(s)
Wet Bar
Window Treatments
Balcony
Buyer Approval Required
Gated Community - No Guard
Pool
Bar Fridge
Built-in Oven
Cooktop
Dishwasher
Dryer
Freezer
Range Hood
Refrigerator
Tankless Water Heater
Washer
Wine Refrigerator
Elementary
Phillippi Shores Elementary
Middle
Brookside Middle
High
Sarasota High

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone AE
Annual Tax (2025)
$30,871
Parcel #
0080251062

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Terrace
County
Sarasota
MLS Area
34242 - Sarasota/Crescent Beach/Siesta Key
Condo dues
$3,600/mo
MaryAnn Burchell

Price history

Date
Event
Price
7/23/2026
Listed for sale
Source: Stellar MLS #A4698001
$4,000,000
$1,685/sqft

Neighborhood

5400 Ocean Blvd #15 1-4
Sarasota, FL, 34242 · 34242 - Sarasota/Crescent Beach/Siesta Key

Market insights

Offer Insights

Choose an offer strength

List price: $4,000,000
$3.83M – $4.00M
95.9% – 100% of listTops out right at the list price
80% of listList price
54 of the last 107 condo closings in 34242 landed at this number or higher (50%). The median one sat 119 days before it went under contract, and this one is on day 85.

Sample: 107 closed condo sales in 34242 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$29,034/mo
Principal & interest$20,862
Property taxes$2,573
Insurance$2,000
HOA$3,600
Down payment20% · $800,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$4,000,000

$1,685 per sq ft

Beds and baths

2 beds, 3 baths

Size

2,374 sq ft

Time on market

85 days

Year built

1969

Monthly payment

About $29,035/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $30,871 annual tax bill, insurance, and $3,600/mo in condo dues.

Condo dues

$3,600/mo

Managed by MaryAnn Burchell.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byMICHAEL SAUNDERS & COMPANYListing agent: Mickey KiernanListing data from Stellar MLS, MLS# A4698001.

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