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About this home
5400 Ocean Blvd #17-04 is a 1970-built home in Terrace, Sarasota. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,187 square feet of living space. Listed at $1,559,000 (about $1,313/sqft), 107 days on market. Flood zone VE - confirm flood insurance requirements with your lender. Condo dues run $2,413 monthly.
The iconic Terrace building is a masterpiece designed by renowned architect Frank Folsom Smith. This modernist building, built of poured concrete exudes strength and durability. Situated directly on Siesta Key Beach, and built with walls of sliding glass doors in every room to take advantage of the diverse, magnificent views in all directions. This is the penthouse being offered turnkey furnished. Fantastic views in all directions. It's perfect location on the island within walking distance to Siesta Key Village, and all its offerings. The rooftop saltwater pool is a beautiful addition that provides privacy and lovely beach views. Take a cocktail out to watch the sunset over the water! The building itself has undergone significant upgrades, making it a prestigious address on Siesta Key. Complete replacement of cast-iron pipes, geothermal well driven HVAC system keeps cost low, new generator for entire building, monitored water sensors in all units, installation of new gates at the front entrance. The elevators have been replaced, the lobby has been redone, and is a waterfront masterpiece. Only the 4 penthouse units have use of the rooftop with decks. Come see for yourself why this stunning property is so very special.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Sample: 107 closed condo sales in 34242 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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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
$1,559,000
$1,313 per sq ft
Beds and baths
2 beds, 2 baths
Size
1,187 sq ft
Time on market
107 days
Year built
1970
Monthly payment
About $12,478/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $13,856 annual tax bill, insurance, and $2,413/mo in condo dues.
Condo dues
$2,413/mo
Managed by Maria Mitchell.
Flood zone
Zone VE
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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