Listing Details for MLS #A4552109
5400 Ocean Boulevard # 1, Sarasota Fl 34242, Sarasota, Fl

Residential Property - Condominium in Sarasota

SOLD for $1,900,000 on April 4, 2023

Listing Price: $2,000,000Sold Price: $1,900,000Sold Price/List Price: 95%
Sold Price/Original List Price: 88.37%Days on Market: 102

Description of Property

The Terrace building…designed by Frank Folsom Smith. The location is second to none – directly on Siesta Beach and steps to the Village and all it has to offer. This end unit has been completely renovated and updated. It is truly elegant with stunning views of endless sunrises and sunsets. Newer impact windows as well as storm shutters! The building also has undergone external updates in the last 3 years! New plumbing, new whole building generator, new elevators, new lobby area. The well has been relocated, control alarms attached to plumbing and a geo-thermal HVAC system that keeps costs low. There is also a large, salt water pool over the garages that overlooks the beach.The average asking price for a 2 bedroom/2 bath condominium in this Zip code is $998,635. This condominium is listed at about 200% of the average asking price. This is the only 2 bedroom/2 bath condominium between $1,800,000 and $2,200,000 currently listed for sale in this Zip code.

Property Details At A Glance

Property Type: Residential
Property Use or Sub Type: Condominium
City: Sarasota
County: Sarasota
Subdivision: Terrace
Bedrooms: 2
Bathrooms: 2
Sq. Ft. Gross: 1,506
Sq. Ft. Living Area: 1,187
Cost per (heated) sqare foot: $1,685
Year built: 1970
Annual Tax: $12,164

Condo Fee: $3,803 Quarterly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.

Association Fee Includes:

  • Common Area Taxes
  • Community Pool
  • Escrow Reserves Fund
  • Fidelity Bond
  • Maintenance Structure
  • Maintenance Grounds
  • Maintenance Repairs
  • Manager
  • Pest Control
  • Pool Maintenance
  • Sewer
  • Trash
  • Water

Interior Features: Elevator


  • Built-In Oven
  • Dishwasher
  • Electric Water Heater
  • Microwave
  • Range
  • Refrigerator

Accessibility Features:

Fireplace: Yes
Fireplace Features: Electric
Window Features:

Additional Rooms:

Ceiling Type:
Flooring: Tile

Laundry Features:


Elementary School: Phillippi Shores Elementary
Middle/Junior High School: Brookside Middle
High School: Sarasota High

Pool & Waterfront Info

Private Pool: Not specified
Pool Features: In Ground
Spa Features:
Water Front: Yes
Water Frontage: Gulf/Ocean
Water Access: Yes
Water Access Type: Beach
Water View: Beach
Water Name: Gulf Of Mexico

Water Extras:

Exterior & Construction

Property Features:

  • Corner Unit
  • End Unit
  • High Rise

Architectural Style:
Rooms: 3
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features: Storage
Carport: Yes
Carport Spaces: 1
Parking Features: Ground Level, Under Building
Floors Total: 17
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Heat Pump

Patio & Porch Features:

  • Deck
  • Patio
  • Wrap Around

Security Features:
Other Structures:


  • Cable Available
  • Public
  • Water Connected

Sewer: Public Sewer
Water Source: Public

Community Features:

  • Association Recreation - Owned
  • Pool
  • Water Access
  • Waterfront

Association Amenities:

  • Cable TV
  • Elevator(s)
  • Laundry
  • Lobby Key Required
  • Pool
  • Storage
  • Vehicle Restrictions

Lot Information

Lot Features:
Front Exposure: West
Adjoining Property:
Current Adjacent Use:

Legal Description & Other Information

Financing Available: Cash, Conventional
Parcel Number: 0080251055
Zoning: RMF3
Tax Legal Desc.: UNIT 141 THE TERRACE ORI 2000117509


Listing courtesy of MICHAEL SAUNDERS & COMPANY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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Suncoasteam Realty, LLC
Main Office: 21202 Olean Blvd Unit C-3, Port Charlotte, FL 33952
Mailing Address: PO Box 380503, Port Charlotte, FL 33938
Phone: 941-235-7474
Email: sales@avalonsuncoast.com