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ActiveGATEDWATERFRONTNO CDD
$1,559,000
$1,313/sqft
HOA: $7,238/quTaxes: $13,856/yr0d on market

Terrace

5400 OCEAN BLVD #17-04, SARASOTA, FL, 34242

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2 Beds|2 Baths|1,187 Sq Ft|Built 1970
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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

Here's what we know about this listing.

Why this home stands out

  • Updated today

Buyer Insights are informational only — always verify with your agent.

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.

Subdivision
TERRACE
County
Sarasota
Zip Code
34242
Community
Terrace

School Report Card

Source: FL Dept. of Education

ABCDF
Elementary
Middle
High

Neighborhood

Map unavailable

Type
Condominium
Living Area
1,187 sqft
Construction
Concrete, Icfs (insulated Concrete Forms)
Roof
Other
Flooring
Ceramic Tile, Hardwood, Tile
Pool
No
HOA
$7,238 / Quarterly
  • High Ceilings
  • Kitchen/family Room Combo
  • Solid Surface Counters
  • Split Bedroom
  • Stone Counters
  • Walk-in Closet(s)
  • Balcony
  • Hurricane Shutters
  • Sliding Doors
  • Storage
  • Dishwasher
  • Disposal
  • Ice Maker
  • Microwave
  • Range
  • Refrigerator
  • Common Area
  • Corridor Access
  • Bb/hs Internet Available
  • Cable Connected
  • Electricity Connected
  • Fiber Optics
  • Sewer Connected
  • Underground Utilities
  • Water Connected
  • Clubhouse
  • Community Mailbox
  • Deed Restrictions
  • Gated Community - No Guard
  • Pool
  • Clubhouse
  • Elevators
  • Gated
  • Laundry
  • Maintenance
  • Pool
  • Storage
  • Cable Tv
  • Common Area Taxes
  • Pool
  • Escrow Reserves Fund
  • Insurance
  • Internet
  • Maintenance Structure
  • Maintenance Grounds
  • Management
  • Pest Control
  • Sewer
  • Trash
  • Water
Bedrooms
2
Bathrooms
2
Year Built
1970
Construction
Concrete, Icfs (insulated Concrete Forms)
Flooring
Ceramic Tile, Hardwood, Tile
Roof
Other
Garage Spaces
0
Cooling
Central Air
Heating
Central
Waterfront
Yes
Pet Restrictions
Yes
Lot Size
Senior Community
No
Building Elevator
Yes
Pet Size
# of Pets
Max Pet Weight
35 lbs
Tax Year
2024
Annual Tax Amount
$13,856

Association Fees

  • HOA Fee

    Maria Mitchell

    $7,238/ Quarterly

Down Payment20% — $311,800
Interest Rate6.50%
Loan Term
Est. Mortgage
$7,883
HOA Fee
$2,413
Est. Property Tax
$1,155
Est. Insurance
$520
Total Est. Monthly Cost$11,970

* 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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