Listing Details for MLS #A4496046
5400 Ocean Boulevard # 2, Sarasota Fl 34242, Sarasota, Fl

Residential Property - Condominium in Sarasota

SOLD for $982,500 on June 4, 2021

Listing Price: $1,065,000Sold Price: $982,500Sold Price/List Price: 92%
Sold Price/Original List Price: 84.33%Days on Market: 44

Description of Property

Just Reduced 100K!!! This is it! Once in a lifetime opportunity at the iconic Terrace on Siesta Key! Designed by the renowned Frank Folsom Smith, the Terrace offers some of the most unparalleled views of Siesta Key. The coveted SOUTH FACING location of this 10th floor unit with floor to ceiling glass on both sides, presents the most spectacular views but with the desired privacy and solitude. Yet you are just a stroll into Siesta Village with all of the Dining, shops and entertainment that it is known for. Uniquely featuring THREE balconies, two of which face directly south! Open up the sliders and add another 236 sq. feet of space to entertain! This lovely condominium has been updated with high end finishes and custom built ins. The Master bedroom is large and roomy featuring 2 queen beds and custom cabinetry for loads of extra storage. In addition the custom built-ins in the living room hold another bed, allowing for 6 to sleep comfortably in this home. Open living with views from every room and three balconies to enjoy the sparkling Gulf and breezes. A remodeled bath allows for access from both the hall and the bedroom. Beautifully and comfortably furnished, just walk in, relax and enjoy owning this incredible home! The Terrace also has one of the most enviable pools on Siesta Key. Located on the second level, with access directly from the building, this large, heated saltwater pool overlooks the crystal sands of the beach and azure blue water of the Gulf of Mexico. Rounding out the amenities, there is a spacious, beautiful, secure lobby. Recently renovated, there is plenty of seating, tables and a fitness center, all looking out over the beach. There is also a sun deck just off the lobby (including a beach shower) which is the perfect setting for happy hour! Quality updates and renovations have resulted in this building using energy efficient processes including a Geothermal heating and cooling system. This technology uses energy from water deep in the earth to warm and cool the air. Because of this system, the unit's average heating and cooling bill is around $55.00! The building has also been replumbed and offers a central security system connected to all units. The updated security system also has sensors connected to the plumbing which alert staff if a leak occurs. Rest secure in the knowledge that hurricane shutters are also included for this property. Units on this coveted corner of the building rarely become available so schedule your showing today! Please note: Owner excluding certain pieces of artwork. Will provide list upon request.The average asking price for a 1 bedroom/1 bath condominium in this Zip code is $547,444. This condominium is listed at about 195% of the average asking price. This is the only 1 bedroom/1 bath condominium between $800,000 and $1,200,000 currently listed for sale in this Zip code.