Listing Details for MLS #A4560526
5400 Ocean Boulevard # 3, Sarasota Fl 34242, Sarasota, Fl

Residential Property - Condominium in Sarasota

SOLD for $1,255,000 on June 2, 2023

Listing Price: $1,280,000Sold Price: $1,255,000Sold Price/List Price: 98%
Sold Price/Original List Price: 91.27%Days on Market: 84

Description of Property

Great opportunity to own a piece of Paradise on Siesta Key! This oversized one bedroom, one bath condominium in the iconic Terrace Building offers opportunities galore. The residence has been completely renovated with upgrades throughout and because of the ample square footage, the owner was able to add a murphy bed in the living area creating additional sleeping space. There are two expansive balconies that surround the entire living area with unobstructed views of the Gulf of Mexico, Siesta Key Beach, Big Pass, and Lido. In addition, there is a balcony off the primary bedroom providing incredible natural light. Amenities include a private beach, elevated heated pool overlooking the beach and gulf, covered parking, and fitness room. This unique building offers what few on Siesta Key can; unparalleled views of Siesta Beach and Gulf of Mexico with walking access to some of the best dining and shopping on the Key in the renowned 'Village.' The building itself recently underwent some renovations including new plumbing, generator, well work, updated lobby, central alarms attached to the plumbing and a geo-thermal HVAC system that keeps costs incredibly low!The average asking price for a 1 bedroom/1 bath condominium in this Zip code is $547,444. This condominium is listed at about 234% of the average asking price. This is the only 1 bedroom/1 bath condominium between $1,000,000 and $1,600,000 currently listed for sale in this Zip code.